Breaks Categories: News

TuesdayJul 10, 2018 11:21 am

HempNewsBreaks – NUGL Inc. (NUGL) Appoints New CFO

Marijuana-focused search engine and online directory company NUGL Inc. (OTC: NUGL) this morning announced that it has hired Thomas Bouse, CPA, as its new chief financial officer. Bouse will replace NUGL CEO Brandon Vargas, who has been serving as the company’s interim CFO, in this position. “Tom has an extensive background with corporate taxes. He also understands how to manage a company’s tax flow in rapid growth modes,” Vargas stated in the news release. Per the update, Bouse is the founder and owner of Pacific Rim Tax and Accounting, headquartered in Huntington Beach, California. He brings more than two decades…

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TuesdayJul 10, 2018 10:37 am

HempNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Appoints New Director of Sales

British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) this morning announced the appointment of Aussie Jiwani to the company’s management team as Director of Sales. Jiwani will be a vital member of the Choom team as the company continues to advance toward being a top cannabis retailer for the recreational market in Canada. "We are thrilled to bring Mr. Jiwani on board as we continue to grow and strengthen our position in the recreational cannabis market coming this October. Mr. Jiwani brings an abundance of knowledge and experience in respect to the sale and retail of…

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TuesdayJul 10, 2018 10:08 am

HempNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Announces Plans to Spin Out and List Canadian Assets

Sunniva (CSE: SNN) (OTCQX: SNNVF), a vertically integrated cannabis company, this morning announced that it plans to spin out its Canadian assets into a separate Canadian entity and to apply to list the shares on the Toronto Stock Exchange (“TSX”) and the NASDAQ Stock Market (“NASDAQ”). Per the update, the purpose of the transaction is to attain the underlying value of Sunniva’s assets on both sides of the border. Upon completion of the spinout transaction, which is subject to various conditions such as shareholder and exchange approval, Canadian assets would include Sunniva Medical Inc. (“SMI”), which is currently building the…

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TuesdayJul 10, 2018 9:33 am

HempNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Executes Expanded Royalty Agreement with Refined Resin Technologies Inc.

FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that it has executed an expanded royalty agreement with Refined Resin Technologies Inc., formerly known as Gram Co Holdings LLC, of Oakland, California. Per the terms of the agreement, FinCanna will fund $3 million in tranches to complete the original royalty agreement transaction that was previously announced under a binding term sheet in February 2018. In return, the company will receive a tiered corporate royalty ranging from five to 14 percent of Refined Resin’s annual revenues, based upon predetermined benchmarks.…

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MondayJul 09, 2018 9:51 am

HempNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Retains Law Firm; Aims to Open Bitcoin ATM Network in California

Premier financial information company ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning announced that it has retained the law firm of CKR Law, LLP to assist the company in setting up its own Bitcoin ATM network in California. The company plans to launch the first machines in Chinese Communities in the Los Angeles area before expanding to serve other Chinese Communities throughout the United States. "With the regulatory world changing in the cryptocurrency sector, we feel that it is important to retain legal counsel with a proven track record in this industry to assist us in setting up our own Bitcoin ATM…

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MondayJul 09, 2018 9:50 am

HempNewsBreaks – Medical Cannabis Payment Solutions (REFG) Enters Agreement to Form Nation’s Largest Mobile Hemp CBD Processing Service

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced that it has reached an agreement in principle that will result in the nation’s largest mobile hemp CBD processing service. Per the update, the agreement, made with a subsidiary of Paper Lantern, LLC, will be finalized shortly. Through this agreement, Medical Cannabis Payment Solutions will acquire the rights to deploy groundbreaking mobile hemp CBD extraction labs, which it intends to utilize at hemp farms owned and operated by REFG, as well as those that have entered into processing agreements with the company. “Our mobile extraction partnership is…

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MondayJul 09, 2018 9:18 am

HempNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) Posts Letter to Shareholders

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTC: TGODF) this morning issued a letter to shareholders detailing the company’s vision under its new CEO, Brian Athaide. Among other highlights, the release discussed the company’s recent activities including the company’s retail first approach, strategic hires, expansion, exclusive licensing deals, entrance into international markets and TGOD’s organic differentiation. As an organic cannabis brand, the company remains committed to sustainability and reducing its carbon footprint by developing some of the most advanced, automated hybrid facilities in existence, helping produce the highest quality cannabis for the lowest cost. Per…

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ThursdayJul 05, 2018 12:32 pm

HempNewsBreaks – Earth Science Tech, Inc. (ETST) Selects Hygee as Brand Name of MSN-2 Medical Device

Earth Science Tech (OTC: ETST), an innovative biotech company focused on the cannabidiol (“CBD”), nutraceutical and pharmaceutical fields, this morning announced the brand name of its innovative MSN-2 medical device, a leading-edge STI self-sampling kit for women. To reflect the product’s dedication to women’s health, ETST has chosen the name Hygee, which is the French name for the Goddess of Health and the word for “hygiene” in Greek mythology. A pre-launch clinical study is currently being conducted in Québec, Canada with Clinique Santé Amitié in preparation for Hygee’s market introduction. “We are very pleased with the work that Absolu has…

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ThursdayJul 05, 2018 9:18 am

HempNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Secures Agreement to Supply the Alberta Retail Cannabis Market

Globally licensed cannabis company ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced that it has completed an agreement with the Alberta Gaming, Liquor & Cannabis Commission (“AGLC”) to supply the province with high-quality cannabis products. Per the terms of the agreement, the company will supply the Alberta market with cannabis to meet demand in the adult-use recreational cannabis market scheduled to commence on October 17, 2018. "Signing the supply agreement with ABcann will enable the AGLC to ensure that adult-use customers in Alberta will have access to ABcann’s premium branded cannabis products,'' ABcann Global CEO Barry Fishman stated…

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MondayJul 02, 2018 9:30 am

HempNewsBreaks – EVIO, Inc. (EVIO) Files Preliminary Non-Offering Prospectus with the Ontario Securities Commission

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced that it has filed and obtained a receipt for its preliminary non-offering prospectus with the Ontario Securities Commission. Notably, this filing is required for EVIO to qualify in becoming a reporting issuer in Ontario, Canada. After the Ontario Securities Commission has completed its review and provided comments on the preliminary prospectus, EVIO is expected to proceed with filing its non-offering (final) prospectus with the commission. Per the update, when the company receives final receipt for this filing, it intends…

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