Breaks Categories: News

TuesdayOct 09, 2018 9:27 am

HempNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Enters Restructured Agreement with Cultivation Technologies Inc.

FinCanna Capital (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that it has agreed to a restructured agreement (“RA”) with Cultivation Technologies Inc. (“CTI”) due to CTI’s re-focused business strategy towards extraction, manufacturing, and brand development. Per the agreement, CTI will pay FinCanna approximately $3.9 million as repayment of CTI’s outstanding secured loan. FinCanna will also receive payments equal to 3.44% of the consolidated topline revenue of CTI in perpetuity. CTI recently entered into a sale escrow agreement for $4 million for its 6-acre property in Coachella, California which is expected…

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ThursdayOct 04, 2018 3:04 pm

HempNewsBreaks – American Premium Water Corp. (HIPH) Launches CBD Beverage as Cannabis Legalization Spreads

American Premium Water (OTC: HIPH) was highlighted in a publication by Cannagreed.com today, titled ‘Breaking News: Imminent Cannabis Legalization To Make Cannabis Industry Next Big Bio-Pharma Sector’. As the adoption of legalized marijuana continues to grow, beverage companies are entering the cannabis space through the development of CBD-infused beverages. The Cannagreed release follows the California-based company’s recent announcement of the launch of a CBD beverage of its own, LALPINA Hydro CBD. The new beverage is the first hydro-nano CBD infused beverage on the market, offering a superior delivery mechanism than traditional beverages or oils. In addition to potential acquisitions in…

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ThursdayOct 04, 2018 11:02 am

HempNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Enters LOI to Acquire Penta 5 Group, Extensive Portfolio of Market-Ready Products

Health sciences company PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) late Wednesday announced its entry into a letter of intent with Penta 5 Packaging Inc. and Penta 5 USA, LLC (together the “Penta 5 Group”) through which PreveCeutical intends to acquire the Penta 5 Group and its assets, including over 120 market-ready products and a 150,000-square-foot, state-of-the-art packaging facility. “The Transaction will significantly benefit PreveCeutical and its shareholders,” Stephen Van Deventer, chairman, CEO and president of PreveCeutical, stated in the news release. “The Penta 5 Group, led by R. Charles Murray, has recorded over 20 years of success…

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ThursdayOct 04, 2018 10:51 am

HempNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Grants Incentive Stock Options; Names New Executive Team Member

The Flowr Corporation (TSX.V: FLWR), a vertically integrated Canadian cannabis company, has appointed Francesco Tallarico as general counsel and corporate secretary, effective October 1, 2018. David Miller, who served as the company’s corporate secretary before Tallarico joined the Flowr team, will remain on the company’s Board of Directors. "I am very pleased to welcome Francesco to the Flowr executive management team," Flowr CEO Vinay Tolia stated in the news release. "He is an exceptional leader and lawyer and brings a wealth of experience that we expect will prove instrumental as we continue to execute on our strategic goals." In addition,…

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ThursdayOct 04, 2018 9:29 am

HempNewsBreaks – Youngevity International, Inc. (NASDAQ: YGYI) Launches Two New Hemp-derived Cannabidiol Products

Leading omni-direct lifestyle company Youngevity International (NASDAQ: YGYI) this morning announced that it is expanding its HEMPFX line by launching two new hemp-derived cannabidiol products: HempFX Hydration – Sleep and HempFX Hydration – Pure. The two tablet-based products are expected to be available in November 2018. Both are designed to be used with Youngevity's Y-DR8+ proprietary, portable water bottle system. In addition to being portable, the Y-DR8 filter provides great tasting water and reduces chemicals found in tap water. "This bottle system is intended to provide people with a revolutionary point-of-use water system for great-tasting water and enables consumers to…

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WednesdayOct 03, 2018 1:05 pm

HempNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Gears Up to Target Two Key Canadian Markets through New Brand Licensing Deal

The Flowr Corporation (TSX.V: FLWR), a vertically integrated Canadian cannabis company, was the subject of an article published by TheGlobeandMail.com today, titled ‘Cannabis Professional: Ace Hill, Flowr blaze the branding trail with licensing deal’ authored by Mark Rendell. As noted in the article, a first for the Canadian cannabis industry was reached today through the execution of a brand licensing deal by Toronto craft brewer Ace Hill and FLWR. The companies have partnered up to market a line of pre-rolled joints in Ontario and British Columbia. Per the article, FLWR will grow, package and ship two cannabis strains that will then…

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WednesdayOct 03, 2018 11:10 am

HempNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Enters Strategic Partnership with Ace Valley Cannabis Brand

The Flowr Corporation (TSX.V: FLWR), a Canadian cultivator of premium cannabis, this morning announced a strategic partnership with Ace Valley, a new brand of cannabis products targeted at the upcoming Canadian adult-use recreational market. Per the update, Ace Valley’s curated product portfolio of pre-rolled joints and premium dried flower applies the deep understanding of consumer values and trends held by the team behind Ace Hill Beer to the cannabis market, while also leveraging Flowr’s expertise in cultivation. “From the start, Flowr and Ace Valley shared a commitment to creating high quality, authentic products for customers,” Steve Klein, chairman and chief…

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WednesdayOct 03, 2018 11:08 am

HempNewsBreaks – Golden Developing Solutions, Inc. (DVLP) Reports Surging User Activity on Where’s Weed App

Golden Developing Solutions (OTCMKTS: DVLP), an emerging leader in the Cannabis and CBD marketplace, today reported an impressive amount of user activity data in the pre-purchase app associated with its newly acquired subsidiary, Where’s Weed (WheresWeed.com). Per the update, the app was developed in 2017 and launched on the Where’s Weed website in January 2018. The app has accumulated 76,000 separate orders placed by customers and $12,600,000 worth of orders placed with dispensaries. “This has become a win-win for both consumer and vendor. It’s a hit. And we fully expect it will continue to be an unequivocal success because it…

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WednesdayOct 03, 2018 10:19 am

HempNewsBreaks – Earth Science Tech, Inc. (ETST) Provides Update on Progression of CBD Patents, Reacts to DEA’s Shifted Stance toward CBD

Biotechnology company Earth Science Tech Inc. (OTCQB: ETST) this morning issued an update on the progression of its cannabidiol patents, as well as its reaction to the U.S. Drug Enforcement Agency’s recent decision to remove certain CBD products from its Schedule 1 list of controlled substances. Per the update and as previously announced, ETST intends to launch two CBD-based nutraceutical formulas – a neuron protector and a breast protector – under a provisory patent. The company noted that the Quebec Agrifood Innovation Center is finishing the standardization of the formulas and, by the end of October, TransBiotech is expected to…

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WednesdayOct 03, 2018 9:41 am

HempNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Investee Company Receives $9.6M Purchase Order

FinCanna Capital (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that its investee company, Refined Resin Technologies Inc., has attained its second purchase order for THC distillate in the minimum amount of $9.6 million, bringing its total purchase orders to $10.4 million. The order was received from a prominent, large volume, California cannabis enterprise and specifies $9.6 million as a minimum annual amount, contingent to consistent delivery and performance. “This multimillion-dollar order from an industry leading distributor illustrates the outstanding reputation and confidence in the Refined Resin team from leading players…

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