Breaks Categories: News

TuesdaySep 03, 2019 11:36 am

HempNewsBreaks – SinglePoint, Inc.’s (SING) Direct Solar to be Energy Solutions Provider for First of its Kind Hemp Distribution Center

Technology and investment company SinglePoint (OTCQB: SING) today announced that its subsidiary, Direct Solar of America, is planning along with GSX International Group and other larger corporations a first of its kind Hemp distribution center. Per the update, Direct Solar will provide all energy solutions to production and distribution centers, as well as energy solutions to independent farmers in the co-op. Direct Solar will also facilitate the selling or assigning of ITCs between the farmers and centers or other third parties. The expansion into hemp represents an opportunity to enter what is projected to be a multi-billion dollar market in…

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MondayAug 26, 2019 11:25 am

HempNewsBreaks – Youngevity International Inc.’s (NASDAQ: YGYI) Khrysos Industries Leases State- of-the-Art, Florida Based Hemp Processing and Manufacturing Facility

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments, through its wholly owned subsidiary, Khrysos Industries, Inc., today announced that it has leased 82,000 square feet in Orlando, Florida to house its facility for post processing hemp derived products and finished goods manufacturing.  The state-of-the-art facility features a 46,200 square foot production area and is the former home of Nephron Pharmaceuticals GMP Certified sterile manufacturing operations. "We believe this facility provides us the opportunity to accelerate our post processing and manufacturing capabilities by approximately two years in terms of production output.  The amenities and…

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MondayAug 19, 2019 11:34 am

HempNewsBreaks – Marijuana Company of America Inc. (MCOA) Reports Q2 2019 hempSMART(TM) Product Sales and Financial Highlights

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) today announced the company’s hempSMART(TM) product sales and other financial highlights for the second quarter ending June 30, 2019. According to the update, total revenues of hempSMART(TM) products for the second quarter of 2019 were $208,580 as compared to $28,435 from the prior year, representing a significant 633.5 percent year-over-year increase. “Our second quarter of 2019 has been our most successful quarter to date at hempSMART. We continue to generate strong sales and momentum in Q3 with over $100K in gross sales for just the month of July,” MCOA…

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FridayAug 16, 2019 11:55 am

HempNewsBreaks – HempFusion, Inc. Closes $36M Private Placement Offering

HempFusion, a leading US hemp-based cannabidiol (“CBD”) company, recently announced the closing of brokered and non-brokered private placements of a total of 28,800,000 units of the company at a price of $1.25 each, resulting in gross proceeds of $36,000,000. The brokered part of the offering, which was comprised of the sale of 26,227,650 units for total gross proceeds of $32,784,563, was completed by a syndicate of agents including Canaccord Genuity Corp., Haywood Securities Inc. and PI Financial Corp. (“the agents"). Each of the units issued consist of one common share and one-half of one common share purchase warrant. Each warrant…

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FridayAug 09, 2019 10:09 am

HempNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Adds Pet Chews to HEMP FX Line, Brand Featured in Forbes Article

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments, this morning announced that it is adding Pet Chews to its HEMP FX(TM) line of hemp infused products. Designed for dogs and cats who may benefit from the natural support of phytocannabinoid rich hemp oil, HEMP FX(TM) Pet Chews products offer wholesome plant-based ingredients. Youngevity introduced its HEMP FX(TM) line in August of 2018, and the brand was just featured in a Forbes Article titled "It's National CBD Day: Have Your Tried These Products?" "We are pleased to see our HEMP FX(TM) Line appear in…

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ThursdayAug 08, 2019 11:22 am

HempNewsBreaks – SinglePoint, Inc. (SING) Enters Master Distribution Agreement to Bring Pure Hemp Cigarettes to Market

Technology and investment company SinglePoint (OTCQB: SING) this morning announced its entry into a master distribution agreement with Pure Products LLC to become the primary sales and marketing solution for the company’s line of “Pure Hemp” cigarettes. According to the update, the agreement is a natural fit for SinglePoint CEO Greg Lambrecht, who previously led Premium Cigars International to an IPO NASDAQ listing. “We are excited for this opportunity. I have many contacts still in the business from my prior distribution company and look forward to bringing Pures’ hemp cigarettes to market,” SinglePoint CEO Greg Lambrecht said in the news…

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ThursdayAug 01, 2019 11:15 am

HempNewsBreaks – Sugarmade Inc. (SGMD) Announces Commencement of Hemp Cultivation with Hempistry, Inc.

Sugarmade (OTCQB: SGMD) this morning announced commencement of hemp cultivation in conjunction with Hempistry, Inc., a Kentucky hemp cultivator for which Sugarmade recently announced it had begun to exercise its investment option. According to the update, the hemp being cultivated this year by Hempistry is a fast growing strain especially rich in cannabidiol (“CBD”). "Our investment in Hempistry, our commencement to the state of Kentucky and our pending acquisition of BZRTH provide Sugarmade with multiple options for growth, while our recently effective S-1 filing expands our ability to finance the many initiatives in front of the Company," SGMD CEO Jimmy…

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WednesdayJul 31, 2019 3:23 pm

HempNewsBreaks – MYM Nutraceuticals Inc. (CSE: MYM) (OTCQB: MYMMF) Acquires 50% of Licensed Hemp Cultivator BioHemp Naturals

MYM Nutraceuticals (CSE: MYM) (OTCQB: MYMMF), an innovative company focused on the global growth of cannabis and CBD-rich hemp, on Tuesday announced the completion of the acquisition of 50% of BioHemp Naturals in exchange for $2.5 million cash and 6,000,000 common shares in the capital of MYM. BioHemp is a licensed hemp cultivator that cultivates and distributes CBD-rich hemp biomass to licensed producers in Canada. Len Atkinson, BioHemp co-founder, has joined the MYM management team as Global Hemp Project Manager. In collaboration with BioHemp, MYM is seeking to expand its cultivation to 3,000 acres of CBD-rich hemp for the 2020…

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FridayJul 26, 2019 10:02 am

HempNewsBreaks – Sugarmade Inc. (SGMD) Announces Completion of BZRTH Audit and Initial Investment in Hempistry

Major supplier to the growing hydroponic cultivation and hemp sectors Sugarmade (OTCQB: SGMD) this morning provided an update on the status of its pending acquisition of hydronic cultivation supplier, BZRTH, Inc., as well as the status of its investments in Kentucky-based hemp cultivator, Hempistry, Inc. According to the update, BZRTH, a target acquisition of the company, completed its audits for previous financial periods. In addition, Sugarmade has completed the first round of closings relative to its proposed investments of up to $1,000,000 in privately held Hempistry, Inc. via its first tranche investment of $190,000. "The closing of the BZRTH audit…

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FridayJul 26, 2019 9:42 am

HempNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Gains Access to 60,000kg of CBD-rich Hemp through New Advance Purchase Agreement

Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), parent company of Organigram Inc., a leading licensed producer of cannabis, this morning announced that it has entered into an advance payment and purchase agreement with 703454 N.B. Inc. (carrying on business as 1812 Hemp). In accordance with the agreement, OGI will pre-fund hemp purchases to receive access to as much as 60,000 kilograms of dried hemp flower to be harvested during 2019 for extraction into cannabidiol (“CBD”) isolate. In January, the company entered into a purchase agreement with 1812 Hemp which granted OGI the first a right of first refusal on 1812 Hemp’s…

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