Breaks Categories: News

MondayAug 15, 2022 11:54 am

HempNewsBreaks – LFTD Partners Inc. (LIFD) Releases Q2 2022 Financial Report

LFTD Partners (OTCQB: LIFD), the corporate parent of leading cannabis and psychedelics manufacturer Lifted Made, is reporting on its second quarter 2022, which is the period ended June 30, 2022. Highlights of the report include revenue for the quarter totaling $16,776,502, a 151% increase from the $6,695,144 reported in Q2 2021, and an increase in operating margin of 3.14%, with Q2 2022 coming in at 26.40%. GAAP net income from the quarter increased — the eighth consecutive quarter of upward movement — totaling $3,219,460 up from $1,596,154 the same period last year. The company reported a 64% increase in basic…

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ThursdayMay 19, 2022 2:37 pm

HempNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Aims to Deliver Safer Alternative for Nicotine Experience

Lexaria Bioscience Corp. (NASDAQ: LEXX) will soon begin a human clinical study, NIC-H22-1, to compare its DehydraTECH-nicotine pouch performance with that of existing brands such as ON! and Zyn, currently available in the U.S. “Animal testing has already demonstrated that DehydraTECH-nicotine can deliver peak nicotine performance to the bloodstream 10 to 20 times faster than the study’s controls,” a recent article reads. “Lexaria has long held that any form of inhaling chemical substances can be detrimental to health, and its DehydraTECH-nicotine aims to help vapers as well as smokers wean themselves off of those products, giving them relief from cravings…

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MondayNov 15, 2021 11:31 am

HempNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Closes Acquisition of Vessel Brand Inc.

Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, has completed the acquisition of Vessel Brand Inc., an industry leader in cannabis consumer technology. According to Flora Growth, the acquisition provides the company with an immediate foothold in the North American cannabis market because Vessel brings with it a trailing 12-months revenue of $6.6 million and year-over-year growth of 90%. In addition, the acquisition diversifies Flora’s premium brand portfolio through Vessel’s strong position in the luxury cannabis consumer technology market. According to the announcement, key Vessel team members will join Flora’s executive bench and…

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ThursdayJul 29, 2021 11:21 am

HempNewsBreaks – Hero Technologies Inc. (HENC) Eyes Strategic Business Plan Toward Vertical Integration

Hero Technologies (OTC: HENC), a cannabis company working toward vertical integration, is focused on a strategic business plan. This includes everything from genetic engineering of cannabis, cannabis cultivation space, and production and distribution licenses to consumer packaging, as well as retail and dispensary operations. “HENC’s growing portfolio includes a majority stake in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation system that provides optimal conditions to enhance photosynthesis and cultivation of large flowering plants,” notes a recent article. “Hero Technologies is also planning expansion in cultivation and dispensary operations into both Colorado, through its wholly owned subsidiary Mile High…

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ThursdayJul 22, 2021 12:14 pm

HempNewsBreaks – Beard Management Inc. Announces Successful Completion of FDA Inspection

Beard Management, the company behind multiple globally recognized e-liquid brands such as Beard Vape Co. and The One E-liquids, today announced its successful completion of an inspection by the U.S. Food and Drug Administration (“FDA”) as a part of the company’s PMTA application review on July 13 and 14. According to the update, Beard Management is currently in the review phase of its PMTA application, which includes 45 of the company’s most popular e-liquid products, including flavors from the Beard Vape Co. and The One E-liquid brands. In April, Beard announced its retention of Blackbriar Regulatory Services LLC (“BRS”) as…

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ThursdayMay 13, 2021 9:38 am

HempNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Releases Q1 2021 Financial Report, Corporate Updates

The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organically grown cannabis, announced its unaudited interim financial numbers for the quarter ended March 31, 2021, as well as key corporate updates. Financial highlights included revenue Q1 revenue of $8.98 million, an increase of 194% from Q1 2020 numbers; gross profit for the quarter reach $3.13 million, an increase of 83% over the same period during the previous year; and net income totaled $12.46 million. In addition, the company provided status reports on various business operations, including the company’s planned entry into the U.S. market, the sale…

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MondayApr 19, 2021 10:52 am

HempNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) (OTC: CBDHF) (FWB: 8OO) Releases Statement Confirming Company in ‘Strongest Position’ Ever

HempFusion Wellness (TSX: CBD.U) (OTC: CBDHF) (FWB: 8OO), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, recently reassured investors that the company is moving forward and that all aspects of the company are sound. HempFusion made the announcement in response to recent trading activity that saw its share prices fall. The company stated that its material contracts and relationships with key distributors around the world are in good standing and that all aspects of the business, including the five-channel distribution strategy, are in-motion, with no undisclosed events that would cause the share decline. All…

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ThursdayApr 15, 2021 11:01 am

HempNewsBreaks – Hero Technologies Inc. (HENC) Retains Patent Attorney to Solidify Cannabis Intellectual Property Rights

Hero Technologies (OTC: HENC), a cannabis company focused on a vertically integrated strategy, today announced that it has retained a patent attorney to help protect and monetize the intellectual property of its subsidiary, BlackBox Systems and Technologies LLC. BlackBox has developed a proprietary cannabis growing system based on aeroponic cultivation technology. The system creates ideal cannabis growing conditions, which enhance photosynthesis, produce large plant flowers and optimize harvests. The company's new intellectual property attorney is Alan M. Weisberg, Esq., a partner of Christopher & Weisberg, P.A. Weisberg is a registered patent attorney with a "preeminent" peer rating and more than…

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WednesdayApr 14, 2021 10:10 am

HempNewsBreaks – Hemptown Organic Corp. Announces Strategic Engagement with Leading Digital Marketing Firm, Hawke Media

Hemptown, one of the nation’s leading cultivators of feminized hemp, has announced a a strategic move to modernize its e-commerce model and drive marketing solutions. The company, along with its wholly owned subsidiary Kirtman Group, has entered into a engagement with Hawke Media. Hawke Media is a leading, Los Angeles-based, digital marketing firm. The partnership is designed to combine cutting-edge cannabinoid products with customized, performance-driven marketing solutions and will enhance Hemptown’s direct-to-consumer sales via e-commerce channels. The announcement noted that Hawke will focus on implementing a results-driven multimedia strategy and elevating both the Hemptown and Kirkman brands through a variety…

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MondayApr 12, 2021 10:51 am

HempNewsBreaks – Hero Technologies Inc. (HENC) Announces Independent Review Confirming Fair Value of Veteran Hemp Co. Acquisition

Hero Technologies (OTC: HENC), a cannabis company focused on a vertically integrated strategy, today announced its receipt of an independent third-party valuation and purchase price allocation for its acquisition of the assets of V Broker LLC dba Veteran Hemp Co. Colorado-based Veteran Hemp Co., founded by U.S. military veterans, is an online retailer and wholesaler of hemp and cannabinoid products. Hero Technologies acquired Veteran Hemp Co. in November 2020, and the acquired assets are valued at $169,711. "We are pleased that an independent review has confirmed the fair value of our Veteran Hemp Co. asset acquisition," said Hero Technologies' CEO…

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