Breaks Categories: News

WednesdayJun 13, 2018 9:50 am

HempNewsBreaks – Global Payout, Inc. (GOHE) Announces Management Team Shake-up ahead of Reverse Triangle Merger

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that, as part of its previously detailed reverse triangle merger with MoneyTrac Technology, Inc. (“MTRAC”), MTRAC will be integrating its existing executive management team into Global Payout. Per the update, longtime GOHE CFO Joseph Sebo and President Bill Rochfort have submitted their resignations from both their respective positions and their seats on GOHE’s board of directors. Additionally, James Hancock has submitted his notice of resignation as GOHE’s CEO and chairman, effective June 12, 2018. Vanessa Luna, who has served as MTRAC’s CEO and chairman since the beginning of the…

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TuesdayJun 12, 2018 2:39 pm

HempNewsBreaks – Aurora Cannabis Inc. (TSX: ACB) (OTCQB: ACBFF) Applauds Passing of Bill C-45

Aurora Cannabis Inc. (TSX: ACB) (OTCQB: ACBFF) recently commented on the Canadian Senate's historic vote in favor of Bill C-45, which governs the legalization of adult consumer use of cannabis. “We applaud the government's intelligent and rational public policy, initiating wholesale legislative changes - focused on clearly defined objectives - to reduce the negative impact of prohibition, while establishing a well-regulated system designed to protect public health and public safety. We must also salute and congratulate the advocates, the activists and the passionate who for decades, and often at great personal risk, spoke up, sat in, appealed laws, wrote new…

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TuesdayJun 12, 2018 11:44 am

HempNewsBreaks – Kush Bottles, Inc. (KSHB) Prices Registered Direct Offering

Kush Bottles (OTCQB: KSHB) recently announced that it has entered into definitive agreements with investors for the purchase and sale of 7,500,000 shares of common stock, par value $0.001 per share, and warrants to purchase up to 3,750,000 shares of common stock at a combined offering price of $4.80 per share, pursuant to a registered direct offering. The warrants, which will be immediately exercisable, will have an exercise price of $5.28 per share and will expire five years from the date of issuance. Prior to deducting placement agent fees and other estimated offering expenses, the gross proceeds of the offering…

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TuesdayJun 12, 2018 9:41 am

HempNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Subsidiary Enters Extraction Contract with Cali Gold

Vertically integrated cannabis company Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) this morning announced that wholly owned subsidiary CP Logistics, LLC, through its Sun-Oil Facility, has secured an additional contract with Cali Gold, a leading and legacy California cannabis brand. Per the terms of the agreement, the Sun-Oil Facility will provide Cali Gold with high quality, ultra-purified manufactured distilled oil products to be utilized within vaporization cartridges. The agreement has an initial term of 12 months and can be renewed for an additional 12 months, at the request of Cali Gold, following expiry of the initial term. “We are very excited…

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MondayJun 11, 2018 9:28 am

HempNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) Subsidiary Obtains Health Canada Cultivation License for Breeding Facility

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) this morning announced that Medican Organic Inc., the company’s wholly-owned subsidiary, has received its Cultivation License from Health Canada for the company’s breeding facility in Salaberry-de-Valleyfield, Quebec (“Valleyfield”). The facility will enable TGOD to create proprietary, organically grown strains of cannabis and cannabis seeds. “TGOD’s focus on R&D in the area of breeding and plant genetics will further position the Company as a global industry leader. This technology will enable the Company to produce its own high quality organic cannabis seeds and starting material, which…

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FridayJun 08, 2018 10:08 am

HempNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Praises Passing of Bill C-45

British Columbia-based cannabis cultivation firm Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) this morning commended the passing of Bill C-45 by the Canadian Senate. "This is an exciting day for the Cannabis industry in Canada. Legalization is now officially on the horizon, and while some might think they have seen the crest of the cannabis wave that has been building for years, Choom™ recognizes that we've just started paddling into a wave that will build momentum now that legalization is in place. In every major market- Colorado, Washington, California- we've seen adult-use grow year over year by double digits. Choom™ sees…

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FridayJun 08, 2018 9:45 am

HempNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Subsidiary Enters Extraction Contract with Leading California Cannabis Brand

Vertically integrated cannabis company Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) this morning announced that its wholly owned subsidiary, CP Logistics, LLC (the “Sun-Oil Facility”), has secured an extraction contract with Farmacy Phactory, a leading California cannabis brand. “This is a significant milestone as it establishes Sunniva as a trusted manufacturer of clean, high quality extracted products and reliable hardware to support the vibrant California extraction market place,” Dr. Anthony Holler, CEO of Sunniva, stated in the news release. “The operational Sun-Oil Facility, located one mile from the Sunniva California Campus in Cathedral City, will produce over 600,000 filled vaporization cartridges…

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FridayJun 08, 2018 9:34 am

HempNewsBreaks – SinglePoint, Inc. (SING) President Provides Update on Recent Company Activity in Interview on MoneyTV

SinglePoint, Inc. (OTCQB: SING) was a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program discussing “money and what makes it happen.” In this week’s episode, SinglePoint President Wil Ralston provides an update of recent company activities. Among other highlights, Ralston updated viewers on the progress of the company’s commercial for its crypto wallet application which features original Shark Tank member Kevin Harrington. “The commercial is ready to go, and we've finished up some beta testing on the actual wallet itself,” SinglePoint President Wil Ralston stated in the interview. “Now, we'll…

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ThursdayJun 07, 2018 12:03 pm

HempNewsBreaks – Beleave Inc. (CSE: BE) (OTCQX: BLEVF) Selected to Operate a Cannabis Retail Store in Saskatchewan

Beleave (CSE:  BE) (OTCQX:  BLEVF) recently announced that it has been selected to operate one of Saskatchewan's upcoming cannabis retail stores through a two-phase Request for Proposal ("RFP") process that began in March. Beleave successfully passed the first phase, which was comprised of a screening for qualifications regarding financial and sales/inventory tracking systems. The second phase of the process was a lottery draw to choose from the successful operators. Retail cannabis stores in Saskatchewan are required to be standalone operations, selling only cannabis, cannabis accessories and ancillary items as defined by Saskatchewan Liquor and Gaming Authority ("SLGA"). The company has…

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ThursdayJun 07, 2018 10:31 am

HempNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Announces $1M Revenue Milestone for Cultivation Technologies Inc.

FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that Cultivation Technologies Inc. (“CTI”), its first investment in California, has achieved $1 million in cumulative revenue since it commenced operations in late January 2018. “We are very pleased to see the sales performance of CTI which has translated into its first US$1 million in revenue at only a fraction of its capacity,” Andriyko Herchak, president and CEO of FinCanna Capital, stated in the news release. “With its sales team in place building out an ever-expanding distribution footprint, and it’s…

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