CannabisNewsBreaks

MondayJun 10, 2019 11:34 am

CBDNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Secures Multiyear Hemp Purchase Order from U.S. Tobacco De México

Full-scope, science-driven, premium cannabis cultivation and branding enterprise Green Hygienics Holdings (OTCQB: GRYN) today announced that it has secured a multiyear purchase order for the sale of hemp to U.S. Tobacco De Mexico, an industry leader with currently over 20 different brands of CBD hemp cigarettes. According to the update, the company will deliver in total $56.4 million worth of hemp flower to US Tobacco De Mexico for use in the production of CBD hemp cigarettes over the next five years. “U.S. Tobacco De Mexico has an excellent management team and has built capabilities necessary to compete globally, and we…

Continue Reading

MondayJun 10, 2019 10:35 am

CBDNewsBreaks – Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) Partner ACS to File NJ Application Under New DOH Program

Chemistree Technology (CSE: CHM) (OTCQB: CHMJF) this morning announced that its partner, Applied Cannabis Sciences of New Jersey ("ACS"), is preparing an application under the Department of Health’s new Request for Applications (“RFA”) program. According to the update, the Department will seek up to 24 cultivation, 30 manufacturing and 54 dispensary endorsements. ACS will apply for all three permit types, as allowable, creating a vertically integrated business model. “When we entered discussions to participate with ACS, we were particularly impressed by the team of industry experts they had assembled, and their deep local knowledge of the dynamic, developing New Jersey…

Continue Reading

MondayJun 10, 2019 10:24 am

CBDNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Expanding Production to Meet Increasing Demand

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) this morning announced that new production facilities are in the process of being built in an effort to meet increasing demand. Wildflower products are available across the U.S. in over 300 stores nationwide, and have recently been picked up by several national retail chains. Per the update, Wildflower has added a second shift at its existing production facility, but capacity is at 90% and the new facility is critical to the company’s growth strategy. “We are excited to get our new production facility up and running in order to meet the demand,” Wildflower CEO…

Continue Reading

MondayJun 10, 2019 9:35 am

CBDNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) to Open Over 70 Prime Locations at Brookfield Properties’ Shopping Centers

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced an arrangement to open over 70 prime shop locations with potential for more at Brookfield Properties' shopping centers throughout the United States. According to the update, the plans will further expand the company’s physical footprint to approximately 280 total locations by the end of 2019. “Brookfield Properties operates some of the most exciting and visited malls in the country, and we are thrilled to introduce our CBD shops to their centers,” Green Growth Brands CEO Peter Horvath said in the news release. “We know that consumers prefer to…

Continue Reading

MondayJun 10, 2019 9:30 am

CBDNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) to Join Russell 3000 Index

Youngevity International Inc. (NASDAQ: YGYI), a leading multi-channel lifestyle company, this morning announced that it is set to join the broad-market Russell 3000 Index at the conclusion of the 2019 Russell indexes annual reconstitution, effective after the U.S. market opens on July 1, according to a preliminary list of additions posted June 7. Per the update, annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 10, ranking them by total market capitalization. “We are pleased to be added to the Russell 3000 Index and the other appropriate indexes that will come as a result of our…

Continue Reading

MondayJun 10, 2019 9:24 am

CBDNewsBreaks – Marijuana Company of America Inc. (MCOA) Portfolio Company Inks LOI to Form Magnolia Extracts LLC, Substantially Build Out Cannabis Facility

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced that Northern Lights Distribution LLC (“NLD”) has signed a Letter of Intent (“LOI”) with Alpha Private Equity & Capital LLC to form a joint venture (“JV”) called Magnolia Extracts LLC for large-scale expansion operations to start distribution, delivery and manufacturing of its cannabis products in the city of Lynwood, California. In April 2019, MCOA announced that it has secured a 20% ownership interest and signed a joint venture agreement with Natural Plant Extract of California (“NPE”) to establish a premier cannabis delivery company called Viva Buds.…

Continue Reading

FridayJun 07, 2019 2:53 pm

CBDNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: ZRRRF) Increasing Market Reach of First-Class Cannabis Brands

National cannabis holding company IONIC Brands (CSE: IONC) (OTC: ZRRRF), formerly Zara Resources Inc., is creating a multistate portfolio of award-winning premium and luxury cannabis brands. A recent article further discussing the company reads, “The cornerstone brand of the company’s portfolio, IONIC, is recognized as the top vaporizer brand in Washington state and is currently available at dispensaries in Washington, Oregon, Nevada and California. The company recently signed a definitive agreement to acquire Natural Extractions Inc., also known as Zoots Premium Cannabis Infused Edibles, which is based in Washington state (http://cnw.fm/1yQA3). Zoots has developed consumer-proven formulas that will be preserved by…

Continue Reading

FridayJun 07, 2019 2:44 pm

CBDNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) Expands Production Facility

Vancouver-based Geyser Brands’ (TSX.V: GYSR) licensed producer (“LP”), Apothecary Botanicals, recently secured license amendment approval from Health Canada to update its 7,000-square-foot facility located in Port Coquitlam, British Columbia. An article discussing Geyser reads, “This expansion, anticipated to be complete by the end of June 2019, would allow for research and development (R&D) and processing capabilities in anticipation of receiving its licensed amendments. GYSR’s R&D license is pending Health Canada’s approval of the LP facility, though the company’s facility was recently audited by Health Canada and found to be fully compliant. The company hopes to enhance its long-term success through…

Continue Reading

FridayJun 07, 2019 1:27 pm

CBDNewsBreaks – Sugarmade Inc. (SGMD) Gains Traction in Industrial Hemp Sector

Sugarmade (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, entered into a supply contract with Hempistry Inc. in April, securing its spot in the newly legal industrial hemp sector (http://cnw.fm/oN32e). A recent article discussing Sugarmade reads, “‘With at least 42,000 acres of hemp expected to be planted in Kentucky and considering an average plant density per acre of well over 1,000, farmers in Kentucky will need hundreds of millions of clones over the coming years,’ Sugarmade CEO Jimmy Chan, who is also a Hempistry director, stated in the news release. ‘When these numbers are multiplied over the many…

Continue Reading

FridayJun 07, 2019 1:17 pm

CBDNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Expands Cultivation Operations Following Health Canada Authorization

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a cannabis-focused research and development company, recently received Health Canada approval to start cultivation work in a 20,000-square-foot Ontario facility (http://cnw.fm/q5Zvy). An article discussing the company reads, “The Ontario facility, which is part of a complex containing three buildings that will have a combined annual production capacity of 17,500 kilograms of cannabis once they are completed later this summer, will begin planting in the near future. The Green Organic Dutchman expects to produce about 200,000 kilograms (about 440,000 pounds) of cannabis every year when all of its operations reach full capacity, growing…

Continue Reading