Breaks Categories: News

TuesdayMay 21, 2019 9:30 am

HempNewsBreaks – VPR Brands LP (VPRB) Releases Q1 2019 Financial Results

Innovative technology holding company VPR Brands LP (OTC: VPRB) on Monday announced its first quarter 2019 financial results. According to the update, VPR Brands increased its quarterly revenues approximately 31% year over year to $1.3 million, slightly lowered its net loss from approximately $149,000 in 2018 to approximately $138,000 in 2019 and continues to maintain above 40% gross operating margins. “2019 is off to a solid start so far and we are setting the company's pace which will allow us to remain focused on sustainable manageable growth,” VPR Brands CEO Kevin Frija said in the news release. “We continue to…

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TuesdayMay 21, 2019 9:21 am

HempNewsBreaks – Nabis Holdings (CSE: NAB) (OTC: INNPF) (FRA: 71P) to Participate in Panel Discussion at KCSA’s Inaugural Congressional Cannabis Day Forum

Innovative Properties Inc. d/b/a Nabis Holdings (CSE:NAB) (OTC: INNPF) (FRA: 71P), a leading Canadian investment company with specialty investments in assets across multiple divisions of the cannabis sector, this morning announced Jade Green, Special Advisor to Nabis, will participate in KCSA Strategic Communications’ Inaugural Congressional Cannabis Day Forum. The forum will be taking place in Washington, DC at the United States Capitol building on Tuesday, May 21, 2019. At 10 AM ET, Green will speak on a panel discussing the vast impact the Farm Bill has had on federal food and agricultural policy. “We are thrilled to be joining the…

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MondayMay 20, 2019 10:35 am

HempNewsBreaks – Global Payout Inc. (GOHE) Develops New Revenue Source in Highly Lucrative CBD Market

Global Payout Inc. (OTC: GOHE) today announced its development of a new, second revenue source derived from the multi-billion-dollar CBD industry. The new source stems from a recently executed Independent Sales Organization ("ISO") agreement entered by the company and its technology partner, GreenBox POS (OTC: GRBX). According to the update, Global Payout will receive revenue directly under the new agreement in addition to revenue it already receives from its wholly owned subsidiary, MTrac Tech Corporation. “We have had our eye on this market for some time and are elated to have this opportunity to establish an entirely new revenue source…

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MondayMay 20, 2019 10:04 am

HempNewsBreaks – Golden Developing Solutions Inc. (DVLP) Acquires New CBD Production Facility, Anticipates Explosive Growth

Emerging leader in the cannabis, hemp and cannabidiol (CBD) marketplace Golden Developing Solutions Inc. (OTC: DVLP) this morning announced its finalization of a lease for a new 25,000-square-foot production facility located in Denver, Colorado. According to the update, the facility will act as the primary production base for DVLP’s wholly owned subsidiary, Infusionz LLC, a premium manufacturer of high-quality CBD products. "This new location represents a powerful catalyst for accelerated growth potential," DVLP CEO Stavros Triant said in the news release. "Our CBD Infusionz segment is bursting at the seams right now. Demand already vastly out-strips supply capacity. This new…

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MondayMay 20, 2019 9:40 am

HempNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) to Acquire Business and Assets of Premier Indoor Cultivator Lyfted Farms

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) this morning announced its entry into a non-binding letter of intent (“LOI”), dated May 17, 2019, to acquire the business and assets of Lyfted Farms Inc. Based in Modesto, California, Lyfted Farms is a state licensed producer of high quality indoor grown cannabis and owns three permanent state licenses for cultivation (nursery), cultivation (grow) and distribution. “The Proposed Acquisition includes an exceptional brand, with a range of  high-end flower, growing revenues, fifty exotic and unique genetic strains and a team that’s been a staple in the Modesto valley with over two decades of…

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FridayMay 17, 2019 11:30 am

HempNewsBreaks – Cannabis Business Summit & Expo 2019 Anticipates Strong Showing of Industry’s Best and Brightest

The Cannabis Business Summit & Expo 2019, hosted by the National Cannabis Industry Association, is set to take place at the San Jose McEnery Convention Center in San Jose, California from July 22 to 24, 2019. For the sixth straight year, the nation’s most influential, award-winning cannabis conference and trade show anticipates a strong showing of upwards of 10,000 attendees, bringing together the industry’s best and brightest minds to provide insight and showcase the latest developments shaping the cannabis space. The can’t miss event is designed for industry innovators as well as those looking for an entry point to network…

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FridayMay 17, 2019 10:57 am

HempNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Acquisition of Second Nevada Cultivation Facility

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) this morning announced the May 16, 2019 completion of its previously announced acquisition of a Pahrump, Nevada cultivation facility, operated by Wellness Orchards of Nevada LLC (“WON”) and Panorama WON LLC (“Panorama”) for a purchase price of $13,372,162 (CAD$16,749,970). Per the update, the acquisition expands GGB's Nevada cultivation footprint to two facilities and positions the company to supply its retail operations and enhance its current cannabis wholesale operations. To view the full press release, visit http://cnw.fm/7UCar About Green Growth Brands Green Growth Brands creates remarkable experiences in cannabis and CBD,…

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FridayMay 17, 2019 10:03 am

HempNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Announces Q1 2019 Financial and Operational Results

Canadian cannabis cultivation firm The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) this morning announced its financial and operational results for the first quarter ended March 31, 2019. Among the highlights, the company reported propagation of an additional four grow rooms and confirmed that construction of the Kelowna 1 purpose-built, indoor cultivation facility is on track for completion in the third quarter of 2019. “Our team in Kelowna is doing a tremendous job balancing our construction schedule, propagating and harvesting from rooms as they come online, and refining our cultivation process as we dial in our facility,” Flowr CEO Vinay Tolia…

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ThursdayMay 16, 2019 11:30 am

HempNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Enters Agreement to Acquire Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B)

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced its entry into a definitive arrangement agreement with Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B). Under the agreement, Supreme Cannabis will acquire all of the issued and outstanding common shares of Blissco, not already owned by Supreme Cannabis, by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia). The arrangement is an all-stock transaction with a total value of approximately C$48 million. “Blissco has built a distinct and authentic premium wellness brand. Through our strategic partnership and prior investment in the…

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ThursdayMay 16, 2019 10:16 am

HempNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters LOI to Acquire SolDaze Cannabis Snack Line

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced its entry into a non-binding Letter of Intent (“LOI”), dated May 15, 2019, with Tres Ojos Naturals, LLC d/b/a SolDaze, a limited liability company from Santa Cruz, California that produces cannabis-infused fruit snacks. Under the agreement, TransCanna will acquire the branding asset package, SolDaze. “Having reviewed over 100 branded products in California, we’ve been extremely selective in our acquisition vetting process,” TransCanna CEO Jim Pakulis said in the news release. “Our three mandatory acquisition criteria include SKU velocity, upward trending revenues, and products that differentiate themselves in the marketplace.  The snack…

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