Breaks Categories: News

TuesdayJul 09, 2019 11:32 am

HempNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Enters Agreement with MXY Holdings to Create ‘360 Degree’ Cannabis Company

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced its entry into a securities acquisition and contribution agreement, dated as of July 8, 2019, with, among others, MXY Holdings LLC (“Moxie”). Per the update, a new Ontario limited partnership will be formed, of which GGB will be the general partner (“GGB LP”), will acquire the GGB operating companies and the issued and outstanding units of Moxie, an arm’s length third party, in an all-equity interest transaction. GGB will also, as part of the transaction, be directly acquiring shares of Delaware entities within the Moxie structure, MXY C,…

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TuesdayJul 09, 2019 10:39 am

HempNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Client Wahupta Signs First USA Extraction System Order

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced that Wahupta Ventures’ wholly owned division, Curran Technologies, has signed its first USA extraction system order with Health Care Industries of Marco Island, Florida, worth $670,000. According to the update, the Curran designed system will consist of four R6 Pro extraction units for the production of both CBD isolate and distillate. “We are working closely with Wahupta management to sign our definitive agreement and help increase their company valuation and revenues. As Canada comes onside with CBD products, few extraction companies in Canada have focused solely on the hemp…

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TuesdayJul 09, 2019 10:28 am

HempNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Announces Development of Nano-Emulsification Technology for Liquid and Powdered Cannabis Products

Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), the parent company of Organigram Inc, a leading licensed producer of cannabis, on Monday announced that it has developed a proprietary nano-emulsification technology for the production of both liquid and powdered cannabinoid products in anticipation of Canada’s legalization of adult use recreational cannabis edibles and consumer demand for cannabis-infused beverages. According to the update, Organigram is planning, in early 2020, to launch a variety of dried powder formulation beverage products in Canada in addition to its previously announced plans to launch a range of premium cannabinoid-infused chocolates. “This is an exciting time for cannabis…

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TuesdayJul 09, 2019 9:46 am

HempNewsBreaks – MustGrow Biologics Corp. to Commence Trading on the CSE at Market Open on July 10

MustGrow Biologics, an agricultural biotech company, on Monday announced its receipt of approval from the Canadian Securities Exchange ("CSE") for the listing of its common shares. According to the update, the company’s common shares will commence trading on the CSE at market open on Wednesday, July 10, 2019, under the ticker symbol "MGRO". MustGrow’s signature, patented products are derived from mustard seed, utilizing its natural defense mechanism as a pre-plant soil biopesticide. The company is, in addition to its signature biopesticides, compiling a science-based suite of biological products, assessing potential product labels from third parties. Full details about MustGrow are…

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TuesdayJul 09, 2019 9:34 am

HempNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Announces Key Health Canada License Amendments for Two Portfolio Companies

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) on Monday announced that its portfolio company TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) received an amendment to its Health Canada license permitting the sale of cannabis oils from its Mississauga, Ontario facility. Sales of TerrAscend's cannabis oils are set to commence immediately through its medical marketplace, Solace Health. “With another key milestone achieved by TerrAscend in a matter of a few short months, the company continues to demonstrate its ambition to become a global provider of pharmaceutical-grade cannabis products,” Canopy Rivers president and CEO Narbe Alexandrian stated in the news release. “Cannabis oil is…

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MondayJul 08, 2019 2:39 pm

HempNewsBreaks – Golden Developing Solutions Inc. (DVLP) Achieves Fully Reporting Status with SEC

Emerging leader in the cannabis, hemp and CBD marketplaces Golden Developing Solutions Inc. (OTC: DVLP) today officially announced that its Form 10 registration statement, which was filed with the U.S. Securities and Exchange Commission, is effective as of July 1, 2019. From the effective date, Golden Developing Solutions will report required information and annual reports to the SEC on Form 10-K, quarterly reports on Form 10-Q and periodic reports on Form 8-K, pursuant to the Securities Exchange Act of 1934. “This week has been groundbreaking for our company, as we’re finally able to announce that our Form 10 Registration Statement…

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MondayJul 08, 2019 10:08 am

HempNewsBreaks – Imaging3 Inc./Grapefruit Boulevard Investments Inc. (IGNG) Executes Settlement Agreement with Greenberg Glusker

Imaging3 Inc./Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) today announced that it has reached a settlement agreement with its former bankruptcy counsel and largest trade creditor, Greenberg Glusker Fields Claman & Machtinger LLP (“GG”). Per the update, the agreement calls for IGNG/Grapefruit to liquidate the outstanding $1,245,380 balance through payment of $204,000 to GG in three $68,000 installments by November 30, 2019, as well as immediate issuance of 6,351,126 IGNG common shares to GG at an agreed value of $0.164 per share. “Once again we have achieved a positive conclusion to a significantly thorny component of Grapefruit’s reverse acquisition of IGNG.…

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MondayJul 08, 2019 9:44 am

HempNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters Definitive Agreement to Acquire The GoodFellas Group LLC

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) this morning announced its entry into a definitive acquisition agreement dated July 6, 2019, to acquire The Goodfellas Group LLC, a company specializing in branding, sales and marketing in the cannabis and hemp industries. According to the update, the acquisition includes the GoodFellas sales management team and sales force, as well as its existing inhouse brands, Simple Farms and Daily Cannabis Goods. Goodfellas also represents third party cannabis brands, including Biovelle, a CBC-infused coconut oil that TransCanna proposes to acquire. "As represented in our investor conference call last week we've accomplished the first…

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WednesdayJul 03, 2019 10:11 am

HempNewsBreaks – Marijuana Company of America Inc. (MCOA) Announces Reverse Split of Common Stock

Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTCQB: MCOA) today announced that its board of directors and stockholders, in a meeting held on July 1, 2019, approved a reverse split of its issued and outstanding common stock at a ratio of 1-for-60. According to the update, the reverse split is intended to provide MCOA with greater flexibility in considering and planning for future business needs, as well as increasing its common stock per-share trading price to satisfy the minimum requirement for continued OTCQB listing. Per the Amended Certificate to MCOA’s Certificate of Incorporation, the reverse stock split…

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WednesdayJul 03, 2019 10:00 am

HempNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Announces Board Change

Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) this morning announced that Bruce Linton has stepped down as its chairman and director, effective immediately. In the update, the company’s executive team and board of directors thanked Linton for his contributions to Canopy Rivers through the early development of the global cannabis sector. "We are grateful for all of the contributions that Bruce made to both Canopy Rivers and to the cannabis industry as a whole," Canopy Rivers President and CEO Narbe Alexandrian said in the news release. "As we enter the next chapter of our Company's history, we are excited to…

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