Breaks Categories: News

MondayFeb 04, 2019 9:42 am

HempNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters Option Agreement to Acquire 196,000 Square Foot Cannabis Facility

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) today announced that, on February 1, 2019, it accepted an assignment of a real estate option agreement from its CEO, Jim Pakulis, to acquire an asset package that includes an existing 196,000 square foot facility on 6.5 acres of land, as well as cannabis processing and packaging equipment. Should the option be exercised, the purchase price of the property is an aggregate of $15 million, payable in cash. Over the past two years, approximately $8 million in tenant improvements have been completed to create a vertically-integrated cannabis facility at the site. The arms-length…

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MondayFeb 04, 2019 9:28 am

HempNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Completes Additional Investment in Canapar Corp., Expands Ownership Stake to 49 Percent

Cannabis-focused investment and operating firm Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) this morning announced its completion of a subsequent $9.4 million equity investment in portfolio company Canapar Corp. (“Canapar Canada”), the Canadian parent corporation of Italian organic hemp production and processing platform Canapar SrL (“Canapar Italy”). Per the update, this investment aligns with Canopy’s globally-focused growth strategy and is expected to provide the company with an opportunity to capitalize on the rapidly expanding European cannabidiol market. With its most recent investment, Canopy’s ownership position in Canapar Canada has expanded to 49 percent on a non-diluted basis. “Canopy Rivers’ investment…

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FridayFeb 01, 2019 10:08 am

HempNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Releases Construction Update, Increases Capacity, Confirms On-Schedule Launch of Growers Circle

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) today released a detailed construction update on its domestic Valleyfield and Hamilton operations that reflects significant progress toward the completion of both facilities. According to the update, as a result of a recently-identified need for design modifications in the construction process, the engineering improvements enable optimized facility throughput that, combined with organic specific modifications, provide an increased domestic productive capacity forecast from 156,000 kg to 202,500 kgs. The updated construction plan requires increased capital expenditures of approximately $30 million for the completion of the structures and…

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FridayFeb 01, 2019 10:01 am

HempNewsBreaks – SinglePoint, Inc. (SING) CEO Reiterates Bullish Position on CBD in Episode of MoneyTV with Donald Baillargeon

Technology and investment company SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally-syndicated program covers money-focused topics, featuring in-depth CEO and executive interviews from various companies offering insights into their operations and future outlooks. SinglePoint CEO Greg Lambrecht appeared on this week’s program and reiterated the company’s bullish position on CBD. “Since the house, the senate and President Trump signed the bill making CBD legal it’s just been an explosion. We've been fortunate to be in a great position. We've had our SingleSeed.com site up for almost two years,” SinglePoint CEO Greg Lambrecht…

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FridayFeb 01, 2019 9:25 am

HempNewsBreaks – The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) to Commence Trading on the Toronto Stock Exchange

The Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a Canadian company dedicated to providing premium brands and products that proudly reflect its consumers, people and uniquely innovative culture, recently announced that its listed securities are anticipated to begin trading on the Toronto Stock Exchange ("TSX") on February 4, 2019. SPRWF is also set to participate in the market open ceremony that day. The company’s common shares and 6.0% senior unsecured convertible debentures due 2021 will be voluntarily delisted from the TSX Venture Exchange under the symbol "FIRE" and will start trading on the TSX under the symbol "FIRE.DB".…

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ThursdayJan 31, 2019 2:40 pm

HempNewsBreaks – DPLUG Software, Inc. Pursues Cannabis Industry Investors to Finance Marketing for Upcoming DPLUG Mobile App Launch

DPLUG Software, a technology company focused on the integration of mobile technology, cannabis and blockchain, this morning announced that its DPLUG App will go live and begin processing transactions in February 2019. Currently active on the iOS and Android platforms, the app features more than 2,000 participating cannabis dispensaries. The innovative new platform enables cannabis merchants to surpass key hurdles within the industry including delivery, advertisement and banking and merchant services. By assisting merchants in overcoming these industry challenges, the DPLUG App is designed to simplify the way they do business with their customers. The company is presently expanding its…

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ThursdayJan 31, 2019 1:17 pm

HempNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Reveals Plan to Start Selling Cannabis Clones & Seeds During the Second Quarter

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) this morning announced that in the second quarter of this year it will start selling a wide assortment of cannabis cultivars in both clone and seed form. The cultivars will be produced in the company’s cultivation center in Kelowna, BC, which is designed to Good Manufacturing Practice (GMP) standards and utilizes proprietary systems and processes to reduce the risk of contamination. Flowr believes that once its initial cultivation facility is completed, which is anticipated by the end of the third quarter of 2019, it will be able to produce more than 3.2 million…

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ThursdayJan 31, 2019 12:35 pm

HempNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Announces Changes to Senior Leadership Team to Advance Growth Plan; Featured on Uptick Newswire

Vertically integrated cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) today announced changes to its California leadership team to support growth of its branded product lines to be sold throughout 2019. Kevin Wilkerson was promoted to president of Sun CA Holdings, from his former position as COO, and will be responsible for Sunniva’s California operations. In addition, Mary Patton officially joined the Sunniva team as vice president of marketing in December 2018, after several years of consulting with the company, and will be responsible for overseeing the Sunniva brand launch in California later this year. Wilkerson has been active in the…

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ThursdayJan 31, 2019 11:21 am

HempNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Provides Corporate Update Reviewing Completed Milestones, Strategic Initiatives

Hemp-cultivated cannabinoid innovator Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) this morning provided a corporate update that reviewed completed milestones and ongoing strategic initiatives. Key highlights of the update include the company’s progress on retailer roll-out, new beverages, marketing materials and rebranded websites. Based on Phivida’s progress toward finalizing supply contracts with several national retailers, management is confident in an Oki product line retail launch across more than 1,000 outlets in early Q2 2019. In addition, a new Oki beverages production run is slated for March 2019 to support expected demand. The company also provided marketing and social initiatives for…

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ThursdayJan 31, 2019 11:18 am

HempNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Secures and Expands Lead in California Edibles Market with Best-Selling Products

Leading California edibles manufacturer Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) this morning announced that it has secured its position as the best-selling cannabis-infused edibles brand in California, and, over the prior quarter, it has widened its lead over the number two brand.  Per the update, the positioning is based on BDS Analytics retail sales data for Q4 2018, when PLUS had three of the best-selling branded products in all categories, including flower, vaporizers, edibles and topicals. In addition, PLUS Uplift and PLUS Restore remained the top two best-selling SKUs, and PLUS CBD Relief was the top CBD-only and fifth…

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