Breaks Categories: News

WednesdayDec 13, 2017 9:31 am

HempNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Announces Subsidiary Spin Off

ChineseInvestors.com (OTCQB: CIIX) today announced plans to spin off its wholly-owned foreign enterprise, CBD Biotechnology Co. Ltd., and its wholly-owned subsidiary, ChineseHempOil.com, Inc. in an effort to transition the subsidiary from a private startup to a successful public company. This change will allow the company to focus on its new Cryptocurrency Division and Core Financial Education Business. CIIX will be registered as a separate publically-traded company, and the Consumer Products Division (including its hemp oil assets and new wholesale alcohol division) will operate for both United States and China markets at the end of February 2018. The Company will pursue…

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WednesdayDec 13, 2017 9:13 am

HempNewsBreaks – Global Payout, Inc. (GOHE) Executes LOI with SinglePoint, Inc. (SING)

Payment solutions company Global Payout (OTC: GOHE) this morning said that it has entered a Letter of Intent (“LOI”) with mobile technology provider SinglePoint (OTC: SING). Through this collaboration, Global Payout intends to build on its existing collection of financial technology solutions, including those used by its MoneyTrac Technology, Inc. (“MTRAC”) subsidiary. Additionally, the companies intend to examine potential technology optimization prospects that may be possible through the establishment of a joint venture. “SinglePoint’s knowledge and expertise in mobile payments and other mobile technology offerings is something we believe could be a significant addition to the financial payment platforms we…

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TuesdayDec 12, 2017 10:09 am

HempNewsBreaks – SinglePoint, Inc. (SING) Reports Key 2017 JV Achievements; Eyes Next Year’s Initiatives

SinglePoint (OTC: SING) today announced considerable growth in 2017 and success in key advances of its corporate mission with the launch of additional joint ventures and the closing of new deals within existing agreements. The company also provided a recap of 2017 achievements, as well as outlined key initiatives for 2018. Within the news release, SinglePoint president Wil Ralston stated, “Through strategic joint ventures and inside development of applications, we are pushing hard on providing a compliant solution to the cannabis industry. Our team and others have worked well in collaboration and believe we are not far away from an…

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TuesdayDec 12, 2017 9:55 am

HempNewsBreaks – PotNetwork Holding, Inc. (POTN) Completes Initial Audit Requirement to Up-List

PotNetwork Holding (OTC: POTN) today announced the successful completion of the first segment of its audit requirement for up-listing to the OTCQB, as well as long-term goal of achieving a NASDQ Capital Market listing. As part of the initial review, East West Accounting Services, LLC has satisfied compliance parameters and expects completion of the full audit by the second week of January 2018. Regarding successful completion of the initial phase, PotNetwork Holding CEO Rick Goulding stated in the news release, “We are very pleased that this segment of the process is completed.” To view the full press release, visit http://cnw.fm/B0yAn…

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TuesdayDec 12, 2017 9:29 am

HempNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Inks LOI to Acquire Outstanding Shares of Harvest Medicine Inc.

Abcann Global (TSX.V: ABCN) (OTCQB: ABCCF) this morning said that the company recently entered into a binding Letter of Intent (“LOI”) dated December 11, 2017 to acquire all outstanding securities of Canada’s fastest growing medical cannabis clinic, Harvest Medicine Inc. Per the terms of the agreement, Abcann will make a $1,500,000 cash payment and issue 1,056,338 common shares in the capital of ABcann valued at $1,500,000, based on a deemed price of $1.42 per share. Upon the closing of the transaction, Harvest Medicine founder and CEO, Shekhar Parmar, is anticipated to join ABcann’s executive team as Chief Strategy Officer and…

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MondayDec 11, 2017 9:33 am

HempNewsBreaks – EVIO, Inc. (EVIO) Signs Non-Binding LOI to Acquire Licensed Cannabis Laboratory in Berkeley, CA

EVIO (OTCQB: EVIO) this morning announced that it has signed a non-binding Letter of Intent (“LOI”) to acquire 60% of C3 Labs, LLC. C3 Labs is located in Berkeley, CA, which accelerates the company’s intent to expand into Northern California prior to the anticipated increase in demand for analytical testing services. Subject to customary closing conditions, the transaction is expected to close in the first quarter of 2018. “C3 Labs been serving the cannabis industry for years, providing product formulation, research and development services that aligns with EVIO’s longer term strategy to expand our scope of services. We are working…

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FridayDec 08, 2017 8:31 am

HempNewsBreaks – Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) Retains Medical Director to Advise Cannabis Research Programs

Veritas Pharma (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) this morning reported that the company has hired Dr. M. Scott Alexander as a medical director. Alexander’s role will be to confirm the medical integrity of cannabis research programs conducted by the company’s subsidiary, Cannevert Therapeutics Ltd. In addition, Alexander will develop a medical affairs strategy to support cannabis strains currently in development. “Dr. Alexander brings a wealth of medical knowledge, a clear understanding of current clinical practice and regulatory needs, and a pledge to educate all stakeholders about therapeutic strains that are based on Cannevert’s experimental evidence,” Veritas CEO Dr. Lui…

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ThursdayDec 07, 2017 10:03 am

HempNewsBreaks – India Globalization Capital, Inc. (NYSE: IGC) Launches Pharmaceutical Cannabinoid Pipeline Websites

India Globalization Capital (NYSE American: IGC) this morning announced the launching of two new websites (www.IGCPharma.com and www.Hyalolex.com) to detail its initiatives, development timeline and pipeline of pharmaceutical cannabinoids for use in treatment of the symptoms of Alzheimer’s disease, pain, seizures and other health-related issues. Ram Mukunda, CEO of IGC, indicated in the news release that Alzheimer’s is IGC’s initial focus on the canna-pharmaceutical front and that the company’s near-term goal is to commercialize its Alzheimer’s liquid formulation as a Complimentary and Alternative Medicine (“CAM”) and sell the product through licensed medical cannabis dispensaries in the U.S., Canada and Germany.…

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ThursdayDec 07, 2017 8:51 am

HempNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Secures Definitive Referral Partnership Agreement with GreenRush Group, Inc.

Global Payout (OTC: GOHE) this morning announced that its majority owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”) has entered a definitive Referral Partnership Agreement with GreenRush Group, Inc. The partnership agreement provides a new revenue stream to MTRAC through the referral of cannabis-related businesses who enter a contract with greenRush for the use of their e-commerce payment platform and Green Label Platform. Per the agreement, MTRAC also has the opportunity to receive recurring commissions from referrals that result in e-commerce transaction activity conducted on the greenRush platform. “This agreement will give us an opportunity to contribute to the growth of greenRush…

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WednesdayDec 06, 2017 10:14 am

HempNewsBreaks – SinglePoint, Inc. (SING) Inks LOI Formalizing Joint Venture with Smart Cannabis Corp. (SCNA)

SinglePoint (OTC: SING) and Smart Cannabis (OTC: SCNA) have signed a Letter of Intent (“LOI”) to formalize a joint venture relationship. Per this morning’s press release, the two companies are embarking on a multi-purpose joint venture and co-marketing relationship to bring cyber currency payment solutions together with the SMART APP automation software product and the upcoming "Track and Trace Software System," which will be an extension to SinglePoint's current payment processing system. "As we have stated, our overall goal is to have a fully integrated solution for businesses to manage their day-to-day operations from beginning to end, and Smart Cannabis…

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