CannabisNewsBreaks

FridayMay 03, 2019 9:19 am

CBDNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters LOI to Acquire Biovelle; Forms Hemp Division

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced the execution of a non-binding Letter of Intent (“LOI”) dated April 30th, 2019 to acquire the branding asset package Biovelle (www.Biovelle.com). Biovelle is an organic, non-GMO, vegan and gluten free hemp infused CBD coconut oil. The completion of the acquisition is subject to the conclusion of due diligence and the execution of final binding definitive asset purchase documentation. “With the passing of the Farm Bill and the explosive growth of the hemp sector we decided to expedite our formation of our hemp related division. Acquiring Biovelle is the perfect fit. It…

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ThursdayMay 02, 2019 3:24 pm

CBDNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Strengthens Portfolio via Premier CBD Processing Lab Acquisition

Green Hygienics Holdings (OTCQB: GRYN), a premium cannabis firm, recently added one of North America’s leading CBD processing labs to its portfolio through the acquisition of Coastal Labs (http://cnw.fm/nH3Xu). An article discussing the company reads, “Coastal Labs (www.CoastalLabs.com) specializes in being an exclusive provider of state-of-the art extraction techniques and equipment for the cannabis industry, in addition to providing wholesale distribution for clients looking to purchase in bulk. Coastal Labs was founded as an exclusive provider for a limited clientele demanding the highest purity standards. The company initially began sales in CBD isolate production when there was an extreme shortage in…

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ThursdayMay 02, 2019 3:05 pm

CBDNewsBreaks – City View Green Holdings Inc.’s (CSE: CVGR) Retail Partner Strengthens Executive Team

City View Green Holdings (CSE: CVGR) applauded Budd Hutt Inc.’s recent appointment of Craig Belcher as its new CEO (http://cnw.fm/XgVc7). CVGR owns a 19.9 percent stake in its retail partner Budd Hutt, which is focusing on securing retail shelf space and obtaining distribution opportunities. A recent article discussing CVGR reads, “The company anticipates producing edible products, distillates and water-soluble products for the beverage market. Its partner, Budd Hutt, will be charged with securing retail shelf space and expanding distribution opportunities for the CVGR line. . . . ‘Having City View Green as a key partner in Budd Hutt Inc., with their…

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ThursdayMay 02, 2019 2:55 pm

CBDNewsBreaks – Marijuana Company of America Inc. (MCOA) Subsidiary Increases European Penetration

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) plans to expand its hempSMART subsidiary’s European footprint with prelaunch events planned in the Netherlands and Germany during the second quarter of 2019. An article discussing the company reads, “MCOA is following up on the successful launch of hempSMART in London, where all promotional inventory was sold and more than 1,000 people joined the company’s associate networking program (http://cnw.fm/oN7H7). . . . MCOA’s subsidiary, hempSMART, will also add to its successful March brand launch in London with additional launch events in Birmingham and Liverpool. In a news release, MCOA CEO…

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ThursdayMay 02, 2019 11:08 am

CBDNewsBreaks – Golden Developing Solutions, Inc. (DVLP) Obtains Fully Audited & Reporting Status; Readies for OTCQB Uplisting

Emerging leader in the cannabis, hemp, and cannabidiol (“CBD”) marketplace Golden Developing Solutions (OTC: DVLP) this morning announced that it has obtained fully-audited and reporting status with the SEC following its filing of audited financial data along with Form 10. According to the update, the company is also in the process of uplisting to the OTCQB Venture Market. “These steps represent a statement about trust, confidence, and transparency. We are demonstrating our commitment to the heightened financial and corporate disclosure standards associated with the higher tier listing,” DVLP CEO Stavros Triant commented in the news release. “That is crucial right…

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ThursdayMay 02, 2019 10:27 am

CBDNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTCQB: PNNRF) (Frankfurt: O3X4) Enters Financing Agreement with Cannamerx

Redfund Capital (CSE: LOAN) (OTCQB: PNNRF) (Frankfurt: O3X4) this morning announced its entry into a promissory note with the Cannabis Mercantile Exchange ("Cannamerx"), one of the first live cannabis and hemp auction platforms. Per the update, Redfund intends to finance the Cannamerx business model and build its global footprint of clientele. “Cannamerx has increased their client-base almost 30% since our first meetings in March 2019; 57 clients to over 80. They have added hemp biomass and hemp products and the new automated spot auction ability for their traders, making it the go-to global cannabis exchange,” Redfund CEO Meris Kott said…

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ThursdayMay 02, 2019 10:19 am

CBDNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Releases Q4 and Year-End 2018 Financial Results Reflecting Soaring, Record Revenues

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) on Wednesday released the company’s audited financials for the quarter ended and calendar year ended December 31, 2018. According to the update, revenue growth, reported in USD, was reflected in annual revenues that soared to $8.4 million in 2018, reflecting a 681 percent increase over 2017 revenues of $1.1 million. Fourth quarter revenues for 2018 reached a record $3.1 million, a 31 percent increase over the third quarter and 770 percent increase over the fourth quarter of 2017. “We remain proud that PLUS had significant growth in both revenue and…

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ThursdayMay 02, 2019 9:48 am

CBDNewsBreaks – IONIC Brands Corp. (CSE: IONC) (FRA: IB3) Pairs Certified Clean Program with Revolutionary Lucid Green Technology Platform

IONIC Brands Corp., formerly Zara Resources Inc. (CSE: IONC) (FRA: IB3), on Tuesday announced that its flagship brand, Ionic, is the first to launch the revolutionary Lucid Green, Incorporated (“LG”) technology platform. According to the update, the powerful platform, designed to provide vital safety information about cannabis products and to increase transparency and trust within the industry, will serve as an enrichment to the Ionic Certified Clean Program. “In an effort to craft the finest quality products on the market and provide our customers with true and accurate information, we have paired our Ionic Certified Clean program with the trust…

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ThursdayMay 02, 2019 9:21 am

CBDNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Inks Deal with Highmark Interactive to Sponsor Clinical Research in CBD

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) this morning announced that it has signed an agreement with Highmark Interactive to study the cognitive and functional neurological effects of cannabinoids through clinical research utilizing Highmark’s mobile software, EQ – Active Brain Tracking. The research aims to produce meaningful data and results that could reveal novel paths of understanding about the cognitive and functional neurological properties of cannabinoids. “Wildflower continues to receive a flood of testimonials from consumers on our products that support wellness and health needs through plant-based solutions. We always strive for improvements in our products and our understanding of those…

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WednesdayMay 01, 2019 2:34 pm

CBDNewsBreaks – Why Geyser Brands Inc. (TSX.V: GYSR) Is ‘One to Watch’

Consumer healthcare company Geyser Brands (TSX.V: GYSR) engages in the development and marketing of cannabis products and brands in the nutraceutical, cosmetics, food-and-beverage and pet sectors. A recent article discussing the company reads, “Geyser Brands’ integrated production chain and formulation lab develops innovative products using high-quality hemp and CBD for healthy lifestyle brands while its R&D lab produces product formulations designed to enhance bioavailability of hemp and CBD and shelf stability while maintaining all-natural ingredients and ensuring premium quality. . . . Geyser Brands will continue to seek opportunities to invest into the research and development of unique, high-quality proprietary…

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