ThursdayMay 13, 2021 12:27 pm

Grapefruit USA Inc. (GPFT) Releases FY2020 Financial Report, Notes 714% Revenue Growth

Company announces renegotiation of $4.2 million of convertible notes Report shows net revenues of $3,672,353 for the year ended Dec. 31, 2020, an increase of $3,221,157 over 2010 revenues GPFT looks forward to growing distribution business, ushering in the age of Hourglass After spending the last six weeks renegotiating key terms of an estimated $4.2 million of convertible notes, Grapefruit USA (OTCQB: GPFT) announced its financial results for fiscal year 2020, the period ended Dec. 31, 2020 (https://cnw.fm/L7rv5). In addition to the restructure of the convertible debt, a highlight of the report in was the company’s 714% year-over-year revenue growth.…

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TuesdayMay 11, 2021 1:15 pm

Business Booming in April: Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Lands Tolling Agreement to Extract CBD from 500 Kg Hemp Biomass

CBD-infused products market is expected to grow 48.1% annually to reach $165.7 billion by 2027 Pure Extracts Technologies’ subsidiary recently began production of goods expected to generate approximately $950,000 in revenue New tolling agreement is for extraction of 80-85% pure CBD distillate from an initial 500 kilograms (~1,102 pounds) of hemp biomass Any industry forecast for double-digit growth is one worth keeping an eye on. When experts are calling for mid-double-digit annual market growth, like that of CBD-infused products, it’s worth a head turn and a stare. Meticulous Research this month forecast this market to experience compound annual growth of…

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MondayMay 10, 2021 2:49 pm

Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Set to Enter California Market Through Acquisition of Lords of Grasstown Holdings

Pac Roots Cannabis completed acquisition of Lords of Grasstown Holdings on February 19, 2021 Acquisition will provide Pac Roots with foothold in lucrative Californian cannabis market, broaden its product portfolio Californian cannabis market generated total sales of $4.4 billion in 2020, more than double C$2.6bn value of the entire Canadian market last year On February 19, 2021, Pac Roots Cannabis (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) announced the closing of a share purchase agreement with the shareholders of Lords of Grasstown Holdings Ltd., a well-established cannabis motorcycle lifestyle brand with a tremendous following within the motorcycle and legal cannabis communities (https://cnw.fm/e2y22).…

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WednesdayMay 05, 2021 12:52 pm

Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Agreement with Renowned Cannabis Farming Company Supports Focus on Genetics

Strategic licensing agreement with Phenome One key to Pac Roots success Pac Roots has unlimited access to one of Canada’s largest live genetic libraries for growing, breeding, cloning use Company’s passion is preserving excellence of elite strains while introducing highest quality of new strains From the beginning, Pac Roots Cannabis (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) has been committed to quality. In fact, the company’s motto — the Future of Genetics: Quality over Quantity — captures the company’s unique expertise and focus on elite genetic development (https://cnw.fm/DQhiA). One of the key components of Pac Roots Cannabis’s business model is its…

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WednesdayMay 05, 2021 11:27 am

Current Deficiencies in The Rational Development of CBD-based Wellness Products

Even major players in the CBD market do not offer detailed and verifiable study results to effectively differentiate their products on the basis of meaningful clinical findings, essentially exploiting the “natural” label without any R&D efforts This industry deficiency represents immense opportunities for R&D-driven companies such as Green Hygienics Green Hygienics intends to use its intellectual and capital resources to establish and apply state-of-the-art research and development to a new generation of cannabinoid-based products having specifically assessed health-wellness efficacies CBD Reality Check  Interest in the therapeutic use of hemp-derived nonintoxicating cannabinoids, such as cannabidiol (“CBD”) and cannabigerol (“CBG”), has reached…

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MondayMay 03, 2021 12:52 pm

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Makes Headway into Canadian Cannabis Vape Market with 25,000 Unit Production Run

Production underway for 25,000 vape cartridges using PULL full spectrum oil formulations, including Super Lemon Haze, Grand Daddy Purple and Girl Scout Cookies/GSK Company estimates retail sales revenue for this production run will be approximately $750,000 60% of respondents in StatCan’s Canadian 2020 Cannabis Survey that used vaporizer for cannabis in the last 12 months used oil/extracts “Cannabis 2.0,” the colloquial term for legalization of cannabis derivatives in Canada late in 2019, represented the outset of new trends in how people consume cannabis products with the accessibility of goods like drinks and vape products. While some companies have devoted considerable…

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