Breaks Categories: News

TuesdayApr 16, 2019 10:18 am

HempNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Completes Purchase of Vertically Integrated Cannabis Facility in California

TransCanna Holdings (CSE: TCAN) (FSE: TH8) today announced its completion of the purchase of a 196,000 square foot vertically integrated cannabis facility. Per the update, the total purchase price for the property was $15 million. “A tremendous effort by the TransCanna team on closing arguably the largest vertically integrated cannabis focused facility in California,” TransCanna CEO Jim Pakulis said in the news release. “Simultaneous to putting our efforts into purchasing the facility, we've been searching extensively for the key individuals who will be overseeing the day to day operations. We've made great strides over the past several weeks and should…

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MondayApr 15, 2019 10:58 am

HempNewsBreaks – Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) Partners with NJ Medical Retail Cannabis License Applicant

Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) this morning announced that its wholly owned U.S. subsidiary, American CHM Investments Inc., has entered a letter of intent to partner with Applied Cannabis Sciences of New Jersey ("ACS"), a New Jersey-based medical retail dispensary applicant in the state’s upcoming round of request for applications, which is anticipated in 2020. ACS’s leadership team combines seasoned professionals from the legal medicinal and adult use marijuana industry with over 50 years of collective experience and includes over 20 cultivation, processing and manufacturing licenses across four U.S. states (Washington, Oregon, California and Colorado). "We are excited…

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MondayApr 15, 2019 10:35 am

HempNewsBreaks – Global Payout Inc. (GOHE) Subsidiary Records Processing Volume Increase, Sizable Quarterly Revenue Growth

Global Payout Inc. (OTC: GOHE), together with wholly owned subsidiary MTrac Tech Corporation, this morning provided a shareholder update on MTrac’s ongoing expansion in 2019. Per the update, the company has realized an estimated processing volume increase of more than 5x since October 2018, and it now has more than 50 merchants within the MTrac ecosystem. As a result of this progress, the company’s gross revenue figures more than tripled from Q4 2018 to Q1 2019. “MTrac continues to make significant progress in addressing the needs of present and future cannabis industry customers,” Global Payout COO and MTrac Executive Vice…

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MondayApr 15, 2019 10:32 am

HempNewsBreaks – Marijuana Company of America Inc. (MCOA) Reports Year-End 2018 Financial Results, 840 Percent Revenue Growth

Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTCQB: MCOA) this morning announced its financial results for the year ended December 31, 2018, as reported in its annual report on Form 10-K. According to the update, MCOA realized total revenues of $252,135 from its hempSMART products for the 12-month period, which represents an 840 percent year-over-year increase as compared to 2017 revenues of $26,830. “I could not be prouder of the growth and accomplishments our company and team members achieved in 2018,” Marijuana Company of America Founder, Chairman and CEO Don Steinberg said in the news release. “Our…

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MondayApr 15, 2019 10:16 am

HempNewsBreaks – Golden Developing Solutions Inc. (DVLP) Reports Record Monthly Revenue Total for March 2019

Emerging leader in cannabis, hemp and CBD Golden Developing Solutions Inc. (OTC: DVLP), alongside recent acquisition Infusionz LLC (“CBD Infusionz”), this morning announced the achievement of a combined total of $590,488 in monthly revenues during March 2019, marking a jump of roughly 800 percent in collective performance on a year-over-year basis. “We are seeing tremendous validation on a strategic level,” Stavros Triant, CEO of DVLP, stated in the news release. “The move to expand our exposure to the CBD space was very well-timed, and is already beginning to pay off. The numbers for March bear that out unmistakably… As we…

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MondayApr 15, 2019 9:51 am

HempNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) to Host Conference Call Reviewing 2018 Financial Results

Leading omni-direct lifestyle company Youngevity International Inc. (NASDAQ: YGYI) this morning announced that it will host a conference call on Tuesday, April 16, 2019, at 1:00 p.m. ET to discuss its financial results for the quarter and year ended December 31, 2018. Per the update, the call will be hosted by Youngevity’s senior management, including Chairman and CEO Steve Wallach and President and CFO Dave Briskie. Interested parties can attend the call by clicking this link at least 15 minutes prior to the start time, or by dialing 206-402-0100 and entering access code 634174# at least five minutes prior to…

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MondayApr 15, 2019 9:26 am

HempNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Modifies Aphria Acquisition Offer, Enters Share Repurchase Agreement

Lifestyle-oriented cannabis company Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) this morning announced that it has reached an agreement with Aphria Inc. (TSX: APHA) (NYSE: APHA) to shorten the expiry time for acceptance of its formal offer to acquire all of the issued and outstanding common shares of Aphria from 5:00 p.m. ET on May 9, 2019, to 5:00 p.m. ET on April 25, 2019. Green Growth Brands also announced its entry into an agreement to repurchase 27,300,000 of its common shares, held by GA Opportunities Corp., for aggregate consideration of C$89 million. “We are pleased to be buying…

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MondayApr 15, 2019 8:59 am

HempNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Retains Oak Hill Financial Inc. for IR Services

Biotechnology company and drug delivery platform innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) this morning announced that it has retained Oak Hill Financial Inc. to provide investor relations services to the company in compliance with regulatory guidelines. Per the update, Oak Hill is a Toronto-based firm that develops strategic platforms for its clients that are utilized to gain exposure and recognition in the capital markets. Oak Hill is expected to work closely with Lexaria to “develop and deploy a comprehensive capital markets strategy and campaign. Activities will include providing an investor relations program catering to retail investors, marketing services…

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MondayApr 15, 2019 8:30 am

HempNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (OTCQX: OGRMF) Posts Q2 Fiscal 2019 Financial, Operational Results

Organigram Holdings (TSX.V: OGI) (OTCQX: OGRMF), the parent company of Organigram Inc., this morning reported financial results for the second quarter ended February 28, 2019, which marks the first full quarter of adult-use recreational cannabis sales for the company. Among other highlights, the company reported a record net revenue of $26.9 million (less excise taxes) for the quarter, which represents more than double the net revenue for the previous quarter. The company also recapped operational achievements for the period, including its entrance into a letter of intent (“LOI”) with SQDC and its entrance into a multi-year extraction agreement with Valens…

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FridayApr 12, 2019 10:16 am

HempNewsBreaks – Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) to Participate in Multiple Conferences in April

Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced that it will be attending various capital markets conferences throughout April. On April 16, the company’s CEO Navdeep Dhaliwal will be presenting and attending 1-on-1 meetings at the GMP Securities' Cannabis Conference taking place in Toronto, ON. On April 17, Dhaliwal will attend 1-on-1 meetings at the Jefferies' Cannabis Summit in New York, NY. Concurrently, on April 17, the company’s VP Corporate Development, Scott Walters, is set to participate in a panel discussion titled, "LPs Navigate the Quickly-Changing Canadian Market" at the Benzinga's Cannabis Capital Conference in Toronto,…

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