Breaks Categories: News

MondayApr 12, 2021 10:51 am

HempNewsBreaks – Hero Technologies Inc. (HENC) Announces Independent Review Confirming Fair Value of Veteran Hemp Co. Acquisition

Hero Technologies (OTC: HENC), a cannabis company focused on a vertically integrated strategy, today announced its receipt of an independent third-party valuation and purchase price allocation for its acquisition of the assets of V Broker LLC dba Veteran Hemp Co. Colorado-based Veteran Hemp Co., founded by U.S. military veterans, is an online retailer and wholesaler of hemp and cannabinoid products. Hero Technologies acquired Veteran Hemp Co. in November 2020, and the acquired assets are valued at $169,711. "We are pleased that an independent review has confirmed the fair value of our Veteran Hemp Co. asset acquisition," said Hero Technologies' CEO…

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TuesdayMar 23, 2021 1:54 pm

HempNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO) Announces Results from CBD Liver Safety Study Have Been Released

HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, has announced that Validcare released its initial findings from an industry-sponsored, decentralized, human-safety study of hemp-derived CBD products. Validcare is coordinating the execution of the study, which HempFusion was involved with. The study may be the largest human observational, liver and human toxicology study to date. According to HempFusion’s announcement, the seven-month-long study showed no evidence of liver toxicity in any of the 839 participants enrolled in the clinical trials; the company noted that the study results are…

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ThursdayMar 18, 2021 10:35 am

HempNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO) Launches Probulin Probiotics in China Through World’s Largest Cross-Border Marketplace

HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, through its wholly owned subsidiary Probulin Probiotics LLC, is offering products in China. The products are available on Alibaba Group Holding’s Tmall (“Tmall”) Global, the world’s largest cross-border online marketplace, with a reach of more than 750 million potential customers in China, Hong Kong, Macau and Taiwan. Calling the move a tremendous opportunity, the company plans to begin shipping product next week, with products available for purchase beginning March 29, 2021. The company anticipates having its Total Care…

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MondayMar 08, 2021 2:22 pm

HempNewsBreaks – Hemptown Organics Corp. Issues Shareholder Update

Hemptown Organics, a diversified hemp company doing business as Hemptown USA, committed to producing premium tobacco and smokable hemp products, on Friday issued a letter to its shareholders and debenture holders from its president, director and co-founder, Michael Townsend. In the update, Townsend expressed optimism for the cannabis sector and provided the company’s progress on many fronts, including its debut on the nationally branded show Americas Next Investment and subsequent investor leads, completion of its much-anticipated IFRS 2019 and 2020 financial statements and progress at its Oregon farm. The letter reads, “Processing continues to operate at full capacity on the…

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ThursdayMar 04, 2021 10:03 am

HempNewsBreaks – Hemptown Organic Corp. Announces Appointment of New Board Member

Hemptown, one of the nation’s leading cultivators of feminized hemp, has appointed a new member to its board. Zayn Kalyan joined the board, effective Jan. 29, 2021. With more than eight years of experience working in investment banking and venture capital, Kalyan has served in several business development, executive leadership, financial management and public company board roles. He has been with Hemptown as vice president of corporate finance since late 2018 and has been an essential member of the company’s executive team. His expertise comes from playing a vital role in originating more than $50 million in financing for multiple…

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ThursdayFeb 18, 2021 10:21 am

HempNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Signs Distribution Agreement with Canada House Wellness Group

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company specializing in cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, has signed an agreement with Canada House Wellness Group (CSE: CHV) to distribute concentrate products through existing provincial distribution channels. Canada House Wellness is a fully integrated medical cannabis company. The two companies have entered into a Cannabis 2.0 distribution agreement. The agreement notes that Canada House's wholly owned subsidiary Abba Medix Corp. will carry and distribute Pure Extracts' line of concentrate products. Canada House’s leadership team noted that it was impressed with the Pure…

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TuesdayFeb 16, 2021 10:40 am

HempNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) Strengths, Milestones Featured as CBD Industry Projected to See Impressive Growth

HempFusion Wellness (TSX: CBD.U), along with its five-channel strategy, impressive line of products and historic first day of trading after completing its $17 million IPO, were the focus of a recent article. The article outlined the power of the company, noting that it was the first U.S.-based CBD company approved for listing directly on the TSX. The article recounted the company’s strength as a leader in the health and wellness CBD industry and called out its diverse portfolio of brands, including HempFusion CBD, Probulin Probiotics, Biome Research and HF Labs; the article also noted that the company offers four dozen…

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FridayFeb 12, 2021 10:38 am

HempNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Responds to Acquisition Claims Regarding HemPoland

The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organically grown cannabis, has released a statement in response to claims of an offer to acquire HemPoland, the company’s wholly owned subsidiary. "There is growing interest in the European CBD market, and several companies have demonstrated interest in acquiring HemPoland as a way of increasing their value and entering this burgeoning market,” the TGOD statement reads. “TGOD receives enquiries and offers about HemPoland on a regular basis, including recently from Labocanna SA. With the hemp industry continuing to expand at a rapid pace, especially in Poland , such…

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FridayFeb 12, 2021 9:55 am

HempNewsBreaks – Grapefruit USA Inc. (GPFT) Approached about Potential Acquisition Transaction

Grapefruit USA (OTCQB: GPFT), a premiere fully licensed California-based cannabis company, has received an initial informal acquisition inquiry. The company announced that it had been approached by a Canadian cannabis company about entering into discussions concerning the possibility of an acquisition transaction. “Grapefruit is not surprised to be approached concerning a potential acquisition, in light of the company’s recent disclosure concerning its 714% year-over-year revenue increase; the public reaction to the company’s patented, disruptive Hourglass(TM) THC/cannabinoid delivery cream; and recent announcements by U.S. Senate Majority Leader Chuck Schumer concerning prioritization of the federal legalization of cannabis by de-scheduling THC,” said…

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ThursdayFeb 11, 2021 12:39 pm

HempNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) Announces National Supply Agreement with CannMart

The Green Organic Dutchman (TSX: TGOD) (OTC: TGODF), a leading producer of premium certified organically grown cannabis, has signed a supply agreement with CannMart, a subsidiary of Namaste Technologies Inc. The two-year agreement means TGOD’s certified organic medical cannabis products will be available via CannMart's online medical cannabis sales platform and further expands the company’s distribution within the medical market. TGOD certified-organic, medical cannabis products included in the agreement include premium dried flower, RIPPLE dissolvable powder, gummies and teas. The announcement also noted that the agreement provides opportunities for future growth as the medical market in Canada evolves and grows.…

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