CannabisNewsBreaks

FridayMay 28, 2021 1:17 pm

CBDNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Seeks to Expand Production as It Enters Lucrative Market

Pac Roots (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), a company that uses a genetics-based cultivation approach to differentiate itself from competitors, has thus far focused its efforts on the Canadian market. Recently, however, the company announced the closing of a purchase agreement with the shareholders of Lords of Grasstown Holdings Ltd., a move that heralds its entry into the lucrative U.S. legal cannabis market in addition to broadening its product portfolio. At the same time, Pac Roots has sought “to expand production, most recently through the acquisition of a substantial, 250-acre restriction-free plot of land in the Fraser Valley —…

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FridayMay 28, 2021 12:37 pm

CBDNewsBreaks – XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) Eyes Potential Expansion of ‘Covid-ID Lab’

XPhyto Therapeutics (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), a bioscience technology accelerator, recently received the CE-IVD approval (European certification) of its 25-minute COVID-19 RT-PCR test kits (“Covid-ID Lab”). The approval facilitated initial sale and distribution of the Covid-ID Lab in Germany and, later, other parts of Europe, the Middle East and North America. The company also recently announced delivery of 2,000 units of Covid-ID Lab to an established medical distributor in Israel. This, subject to commercial regulatory approval and subsequent potential product distribution, signaled XPhyto’s entry into the Middle East. “These units will be used for clinical evaluation based on…

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ThursdayMay 27, 2021 11:42 am

CBDNewsBreaks – Hero Technologies Inc. (HENC) Strengthens Balance Sheet with Veteran Hemp

Hero Technologies (OTC: HENC) recently received an independent third-party valuation and purchase price allocation for the acquisition of the assets of Veteran Hemp Co. “In November 2020, Hero Technologies entered into a purchase agreement to acquire all the assets of Veteran Hemp Co. from Patriot Shield National LLC,” reads a recent article. Veteran Hemp Co., which offers hemp that is tested, tasted and veteran approved, is committed to providing quality, consistent, delicious product, and it accomplishes this by working with the best farmers in the country, delivering the best genetics, helping at every point along the way, and packaging only…

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ThursdayMay 27, 2021 10:55 am

CBDNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Secures Purchase Order from British Columbia LDB

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp and the rapidly emerging psychedelic sector, today announced that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., through its distribution partner, has received an initial purchase order for its edible cannabis gummies from the British Columbia Liquor Distribution Branch (“LDB”). Demand for Pure Extracts’ Pure Chews branded THC and CBD gummies is strong within the provincial markets, where the company anticipates that Fire Burst, like its U.S. counterpart, will be one of the top selling gummies. “The edible gummie business is a material…

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WednesdayMay 26, 2021 1:55 pm

CBDNewsBreaks – Why BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE:7BC) Is ‘One to Watch’

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), based in British Columbia, Canada, and founded in 2017, is a diversified health and wellness beverage and natural products company. BevCanna is focused on developing and manufacturing a range of plant-based and cannabinoid beverages and supplements. The company offers end-to-end turnkey beverage manufacturing solutions. A recent article discussing this reads, “BevCanna is a manufacturer of traditional and cannabis-infused beverage brands serving a growing roster of white-label clients in addition to operating a portfolio of in-house and partner brands. The company offers a full-service white-label beverage manufacturing solution.” To view the full article,…

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FridayMay 21, 2021 3:45 pm

CBDNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Continues to Espouse ‘Future of Genetics: Quality over Quantity’

Pac Roots (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), dedicated to delivering premium products using a genetics-based approach, is guided by its motto – the Future of Genetics: Quality over Quantity. True to this ideology, PACR has a strategic licensing agreement with Phenome One, a full-service cannabis farming company focused on elite strain-selective breeding. This agreement has provided Pac Roots with unfettered access to one of Canada’s largest live genetic libraries for growing, breeding and cloning use. A recent article reads, “Relying on Phenome’s years of choosing only the most elite genotype and phenotype expressions, Pac Roots is able to offer…

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WednesdayMay 19, 2021 2:25 pm

CBDNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Poised to Meet Demands of ‘Cannabis 2.0’

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) is positioned in a market that is still relatively scant for certified extractors able to meet demand for concentrates from cannabis biomass. Having just achieved a milestone moment with commencement of production of 25,000 vape cartridges for the Canadian retail market, the company is set for opportunity amid “Cannabis 2.0,” a post-legalization era in Canada that has seen new consumption trends with accessibility of goods like drinks and vape products. “Demand for Pure Extracts’ Pure Pulls branded 510 Vape cartridges is strong in the provincial markets in Canada,” reads a recent…

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TuesdayMay 18, 2021 10:38 am

CBDNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO) Releases First-Quarter 2021 Financial Report

HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO), an industry leader in full-spectrum cannabidiol (“CBD”) hemp-extract wellness products and probiotics, announced its Q1 financial results, for the period ended March 31, 2021. Highlights from the report include consolidated revenue for the company totaling $983,496, an increase of 7.6% over the $913,646 reported in fourth-quarter 2020; DTC sales up 59.3% from Q4 2020, totaling $244,255 as compared to $153,305; B2B net revenue decreased 2.8% to $739,241 from 760,341 in fourth-quarter 2020 with international sales, which totaled $75,994, up from no sales in Q4 2020; and gross profit of $280,205, or 28.5%…

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MondayMay 17, 2021 1:13 pm

CBDNewsBreaks – Grapefruit USA Inc. (GPFT) Able to Tailor Hourglass (TM) to Specific Needs

Grapefruit USA (OTCQB: GPFT), a fully licensed premier manufacturer and distributor in the legal cannabis marketplace, has, through its patented Hourglass(TM) topical cream, solved the challenge of skin absorption of THC and other cannabinoids, including CBD, CBN, CBG, and CBC. The cream also offers additional benefits. “The architecture of Hourglass gives the company the ability to formulate endless variations of its topical delivery cream to tailor to the specific needs of its clientele,” reads a recent article. “Hourglass is manufactured exclusively at Grapefruit’s Coachillin’ facility by highly trained Grapefruit personnel and is available to the public only through Grapefruit authorized…

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MondayMay 17, 2021 11:45 am

CBDNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO) Enters Definitive Agreement to Acquire Apothecanna, Announces AGM Voting

HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO), a leading health and wellness company offering premium probiotic supplements and products containing CBD, has announced plans to acquire APCNA Holdings LLC (“APCNA”). CBDHF has entered into a definitive agreement to acquire 100% of APCNA, known as Apothecanna. The company also held its annual general meeting (“AGM”) on Friday, May 14, 2021, and reported that all matters contained in the management information circulate sent to shareholders for consideration and approval were approved by the requisite majority of votes cast at the meeting. Apothecanna offers cannabis-powered body care and topical products and was…

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