Breaks Categories: News

MondayMar 04, 2019 9:30 am

HempNewsBreaks – ChineseInvestors.com Inc. (CIIX) Announces Appointment of New CFO

ChineseInvestors.com Inc. (OTCQB: CIIX), a premier provider of financial news and education for the Chinese-speaking community, this morning announced the appointment of Patrick Leung as its new chief financial officer, effective March 1, 2019. Per the update, Leung comes to CIIX from Kirin Group Holdings Limited, where he served as the executive director and company secretary. In total, Leung has more than two decades of experience in the public sector, serving in various executive and directorial roles at a number of companies listed on the Stock Exchange of Hong Kong and Nasdaq. “We are delighted to appoint Mr. Leung as…

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FridayMar 01, 2019 11:20 am

HempNewsBreaks – New Jersey Senator Cory Booker Introduces Federal Marijuana Legalization Bill

Legislation was introduced on Thursday to bring the federal prohibition of marijuana to an end by New Jersey Democratic Senator Cory Booker. The bill was co-sponsored by a group of US Senators including Elizabeth Warren, Kirsten Gillibrand, Bernie Sanders, Kamala Harris, Ron Wyden, Jeff Merkley and Michael Benne. The legislation was highlighted in an article authored by Gregg Re on Fox News titled ‘Cory Booker, other 2020 Dem presidential hopefuls introduce federal marijuana legalization bill’. The timing of the proposed legislation is ideal. According to a Fox News poll from 2018, 59 percent of voters support legalizing marijuana, while only…

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FridayMar 01, 2019 9:40 am

HempNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Hires Celebrated Canadian Chef Ryan Reed to Develop Signature Premium Edibles

Canadian Licensed Producer of premium cannabis products the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) today announced that it has hired celebrated Canadian Chef Ryan Reed to develop signature edible cannabis products for the Flowr brand. Victoria's 2011 Chef of the Year, and a past winner of Iron Chef and Chopped, Reed will collaborate closely with Flowr's R&D Team to research and develop high-quality edibles to target the needs of a premium client. The company expects the unique, gourmet products will be available for purchase following anticipated legalization of edibles and infused products in Q4 2019. “The hiring of Chef Reed…

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FridayMar 01, 2019 9:19 am

HempNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Subsidiary Secures 45-Acre Tract of Land in Central Florida

Leading omni-direct lifestyle company Youngevity International (NASDAQ: YGYI) announced on Thursday that its wholly-owned subsidiary, Khrysos Industries, has closed on a 45-acre area of land in Central Florida. The multi-purpose site will hold a 5-acre greenhouse, a research and development (“R&D”) facility committed to hemp plant genetic research, a post processing tolling facility, and 20 acres of farmable land for future use. In addition, the company has leased an 8,800 square foot facility in Central Florida to serve as the assembly, manufacturing, and production facility for Khrysos' one-ton Hyper Supercritical extraction systems. “This is an exciting time for Khrysos Industries…

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ThursdayFeb 28, 2019 12:44 pm

HempNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Announces Closing of C$25M Private Placement

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) today announced its closing on the best efforts private placement with Canaccord Genuity Corp., as lead agent, together with a syndicate of agents, for 25,000 company units, each at a C$1,000 price, for gross proceeds of C$25,000,000. Per the update, Gotham Green Partners and Stable Road Capital were two of the lead investors in the private placement. The company intends to use proceeds from the offering for working capital and other general corporate purposes. “We are thankful for the support we have received from our past investors, and from new…

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ThursdayFeb 28, 2019 12:24 pm

HempNewsBreaks – Jefferies Analyst Initiates Coverage on The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF)

Canadian Licensed Producer of premium cannabis products the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) was recently highlighted in an article by Barron’s titled ‘5 Marijuana Stocks to Buy — and 2 to Avoid, According to an Analyst’ authored by Bill Alpert. According to the article, Jefferies, a diversified financial services company, initiated coverage of Canadian marijuana producers on Monday and gave Flowr a “Buy” rating. Owen Bennett, the Jefferies analyst, reports that cannabis will not fall into the pattern of normal agricultural commodities that see major price drops from oversupply. Moreover, Bennett believes that premium cannabis won’t be commoditized and…

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ThursdayFeb 28, 2019 11:36 am

HempNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (OTCQX: OGRMF) to Convert $98M Debentures into Common Shares

Organigram Holdings (TSX.V: OGI) (OTCQX: OGRMF) recently announced that it will exercise its right to convert all the principal amount outstanding of the remaining debentures on April 1, 2019 into common shares of the company in accordance with the indenture governing the company's 6 percent convertible unsecured debentures due January 31, 2020. The company believes this conversion will save roughly $4.9 million in cash interest payments that would have accumulated if the outstanding debentures were held to maturity. It will also remove a substantial liability from the company's balance sheet. Per the terms of the indenture, when the volume weighted…

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ThursdayFeb 28, 2019 9:59 am

HempNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Releases Q3 Financial Highlights and Corporate Update

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) on Wednesday released its financial results for the three and nine months ended December 31, 2018. Per the update, Canopy Rivers’ full Management's Discussion and Analysis (“MD&A”) and unaudited interim consolidated financial statements for the period are available on its SEDAR profile at www.SEDAR.com and via the company’s website. “With more than $55 million of capital deployed during the quarter, Canopy Rivers continues to position itself as a preeminent investment firm in the cannabis industry,” RIV Chief Financial Officer Eddie Lucarelli said in the news release. “As we continue to see meaningful developments at…

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ThursdayFeb 28, 2019 9:25 am

HempNewsBreaks – Golden Developing Solutions Inc.’s (DVLP) Where’s Weed Division Enters Strategic Partnership with FlowHub

Golden Developing Solutions (OTC: DVLP), an emerging leader in the cannabis, hemp and CBD marketplace, this morning announced that its Where’s Weed division has entered into a strategic partnership with FlowHub. FlowHub is a budding point-of-sale (“POS”) system operating in eleven states with more than $1 billion in cannabis transactions processed annually. DVLP management believes this partnership will result in higher user satisfaction, superior stickiness, and improved word-of-mouth growth potential for the Where’s Weed user base. “This is a win-win for everyone involved,” Golden Developing Solutions CEO Stavros Triant stated in the news release. “Our users have better and wider…

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WednesdayFeb 27, 2019 10:09 am

HempNewsBreaks – Net Element Inc.’s (NASDAQ: NETE) Unified Payments Subsidiary Achieves ETA Self-Regulation Certification

Global technology and value-added solutions group Net Element Inc. (NASDAQ: NETE) this morning announced that its Unified Payments subsidiary is among the first companies to achieve self-regulatory certification from the Electronic Transactions Association (“ETA”). The ETA, a worldwide trade association serving more than 500 member fintech payment companies, recently announced its Self-Regulation Program (“ETA SRP”), which seeks to improve payment industry security and reduce risks by identifying and acknowledging companies with a deep understanding of the risks associated with financial services. “Being among the first payments services companies to obtain ETA SRP certification is a reflection of our commitment to…

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