Breaks Categories: News

ThursdayMay 03, 2018 10:30 am

HempNewsBreaks – EVIO, Inc. (EVIO) Subsidiary Closes Acquisition of Stake in Keystone Labs Inc.

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced that its wholly owned Canadian subsidiary, EVIO Canada, has closed its acquisition of 50% stake in Keystone Labs Inc., a privately held Heath Canada accredited testing facility with a GMP establishment license. "We are excited to have completed this transaction and add Keystone Labs to our portfolio," William Waldrop, CEO of EVIO, stated in the news release. "In Canada, cannabis is federally legal, however, there is a limited number of testing facilities licensed to provide services. Keystone Labs has…

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ThursdayMay 03, 2018 9:43 am

HempNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Issues Update Detailing 2018 Growth Strategy

Pharmaceutical-grade cannabis company ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning issued a business update. “Over the past two quarters, we have enhanced our leadership team, strengthened our balance sheet, improved operational effectiveness, and made significant commercial advancements,” Barry Fishman, CEO of ABcann, stated in the news release. “ABcann is well-positioned, with approximately $130 million in cash, to accelerate the growth of our business.” Per the update, the company’s management team has formulated a growth strategy for 2018 that is focused on several key areas, including expansion of its production capacity, a go-to-market strategy that centers on rebranding the…

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ThursdayMay 03, 2018 9:30 am

HempNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) Announces Engagement of CFN Media Group

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) this morning announced that it has engaged CFN Media Group, the leading agency and financial media network dedicated to the North American cannabis industry, to conduct a six-month investor market visibility program to begin on May 3, 2018. “The Green Organic Dutchman is preparing to commercialize one of the largest land packages in Canada in conjunction with leading industry alliance partners like Eaton, Ledcor, and Aurora Cannabis,” Frank Lane, president of CFN Media, stated in the news release. “The company is building a 970,000 sq. ft. facility…

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ThursdayMay 03, 2018 9:22 am

HempNewsBreaks – Global Payout, Inc. (GOHE) Announces MoneyTrac Technology’s New Office Space in Las Vegas

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that MoneyTrac Technology, Inc. (“MTRAC”), a company in which GOHE currently holds an 18 percent ownership stake, recently announced that it has transitioned into a significantly larger and more resourceful call center location in Las Vegas, NV, through its sublease with GOHE. The transition is the result of MTRAC’s efforts to grow its inside sales, marketing, and customer care departments in Las Vegas. The new location doubles MTRAC’s potential capacity, providing enough space to add up to 25 sales and customer support representatives. The new office space will also…

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WednesdayMay 02, 2018 9:34 am

HempNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) Begins Trading on the Toronto Stock Exchange

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) this morning announced that it has successfully completed an initial public offering of 31.51 million units for total gross proceeds of more than $115 million. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant is exercisable into one common share of the company at the price of $7.00 per share for a period of two years, subject to an acceleration right. Per the update, Aurora Cannabis Inc. (TSX: ACB) (OTCQX: ACBFF) elected to exercise its full participation right in…

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TuesdayMay 01, 2018 1:43 pm

HempNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) to Close Acquisition of Island Green Cure

British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) recently announced that on May 2, 2018, the company intends to close the acquisition of Island Green Cure Ltd. ("IGC"), an advanced-stage cannabis production license applicant under Health Canada's Access to Cannabis for Medical Purposes Regulations (“ACMPR”). In accordance with the closing, Choom will issue 8,000,000 common shares to the shareholders of IGC and issue 500,000 common shares to a finder. A consultant or related parities of the consultant will receive 536,000 common shares, as a shareholder of IGC, and 500,000 common shares as a finder, which will…

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TuesdayMay 01, 2018 11:19 am

HempNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Reports Fiscal 2017 Financial, Operational Results

Vertically integrated medical cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) recently reported its financial and operational results for the three months and year ended December 31, 2017. Sunniva completed its first year with a total of C$16.1 million in revenue, primarily generated from its two acquisitions during the period, Natural Health Services (“NHS”) and Full-Scale Distributors, LLC (“FSD”), which contributed C$11.3 million and C$4.8 million in revenue, respectively. Among other highlights of the period, the company acquired 20 acres of land in Cathedral City, California, and 18 licenses to produce and distribute cannabis in California. Other milestones for the year…

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TuesdayMay 01, 2018 10:03 am

HempNewsBreaks – Global Hemp Group, Inc. (CSE: GHG) (FRA: GHG) (OTC: GBHPF) and Marijuana Company of America, Inc. (MCOA) Acquire Property in Oregon for Hemp Cultivation

British Columbia-based hemp cultivation company Global Hemp Group (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) this morning announced that the company, together with its partner Marijuana Company of America (OTC: MCOA), has acquired a 109-acre agricultural property for the cultivation of high CBD yielding hemp for the approaching 2018 growing season. The Scio, Oregon property contains a high level of organic matter in the soil, ideal for hemp cultivation, and has a history of hemp cultivation over the last two growing seasons. The companies acquired the property for US $1.1 million, which is comprised of a cash down payment of $130,000…

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TuesdayMay 01, 2018 9:42 am

HempNewsBreaks – SinglePoint, Inc. (SING) Subsidiary Signs Agreement with CarFax

Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced that its ShieldSaver subsidiary has entered an agreement with CarFax to provide detailed information directly to CarFax while being able to pull data from the CarFax system to further efficiencies within the ShieldSaver mobile application. “We are excited for this new relationship with CarFax, and we believe there is a lot of opportunity to expand the relationship with CarFax,” Wil Ralston, president of SinglePoint, stated in the news release. “They are a fantastic company – the absolute leader in their space – and we look forward to a long, synergistic…

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TuesdayMay 01, 2018 9:28 am

HempNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Renews Licensing Agreement with Nuka Enterprises

Drug delivery platform innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) recently announced a new licensing agreement with Nuka Enterprises LLC to renew Nuka’s DehydraTECH™ license rights for use in its 1906 brand of cannabis chocolates. Nuka and 1906 have also acquired new rights in product categories in addition to the original chocolate formats, including candies, beverages, capsules and pills, and topical creams. “Nuka’s success with the 1906 brand of cannabis chocolates - recognized for their fast onset times, efficacy, taste and unique formulations – clearly demonstrate the market potential for DehydraTECH™. This comprehensive, long-term relationship between Nuka and Lexaria…

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