HempNewsBreaks

ThursdayAug 30, 2018 12:19 pm

HempNewsBreaks – Barron’s Article Highlights Huge Upside Potential of Cannabis Stocks

A recent Barron’s article by Steve Garmhausen, titled ‘Pot Stocks Can’t Be Ignored’, puts a spotlight on the strong performance of marijuana stocks through the first three-quarters of 2018. As the article notes, “Marijuana stocks have been an investor darling this year, with even hedge fund billionaire Leon Cooperman betting his own money in the sector.” The most recent buying frenzy in the space came on the heels of a late-August report that alcoholic beverage giant Diageo (NYSE: DEO) was in talks to invest in or partner with at least three Canadian cannabis companies. Tilray (NASDAQ: TLRY), one of the…

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ThursdayAug 30, 2018 11:30 am

HempNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Names New Board of Directors Member

FinCanna Capital (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced the appointment of Robert “Bob” Kamm to the company’s Board of Directors. Kamm has more than 25 years of experience operating and advising businesses, including his current role representing FinCanna on the Board of Directors of its investee company, Cultivation Technologies Inc. Jeff Tindale has resigned from the FinCanna Board of Directors making way for Kamm’s appointment. Tindale will continue to serve on FinCanna’s Board of Advisors. In addition, the company announced that on August 29, 2018, it issued a total…

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ThursdayAug 30, 2018 11:27 am

HempNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQB: VVCIF) Announces Release of Q2 2018 Fiscal Results

VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQB: VVCIF) this morning announced the release of its financial statements for the second quarter of 2018. Among the highlights, the company reported revenues of $1.1 million for the three-month period, marking an approximate four-fold year-over-year increase. VIVO also looked to the future with a business update, making note of its recently announced agreement to acquire premium cannabis company Canna Farms Limited, among other milestones. “Since our last business update following the release of our Q1 2018 financial statements, we have continued to enhance our leadership team, and announced the introduction of three new brands……

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ThursdayAug 30, 2018 10:47 am

HempNewsBreaks – The Flowr Corp. Chairman and Chief Strategist Discusses Company Activities, Outlook in Interview on The Brave New Weed Podcast

The Flowr Corp. Chairman and Chief Strategist Steve Klein was recently interviewed on The Brave New Weed Podcast hosted by Joe Dolce. The Flowr Corp. is a Canadian licensed producer that focuses primarily on premium flower production. Among other highlights, Klein discussed the company’s partnership with Scotts Miracle-Gro Company’s (NYSE: SMG) subsidiary, Hawthorne Gardening Co. “When we got our license in Canada we signed a deal with them to design and build a 50,000 sq. ft. R&D facility,” Klein stated in the interview. “We should be breaking ground by September right next door to our flagship facility in the Kelowna…

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ThursdayAug 30, 2018 10:45 am

HempNewsBreaks – Marijuana Company of America Inc. (MCOA) Issues Update on JV Hemp Farming Project in New Brunswick

Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTC: MCOA) this morning issued an update on its joint venture project in New Brunswick, Canada, with partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF). The companies highlighted the recent installation of an industrial scale dryer from Cann Systems at the site as a significant milestone moving forward; the dryer will play a key role in drying the biomass, an important first step in the extraction of cannabinoids from the hemp plant. The companies also spoke to the impact of an ongoing drought in the region, which “has complicated…

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ThursdayAug 30, 2018 9:43 am

HempNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Reports Additional Encouraging Results from DehydraTECH™ Nicotine Study

Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP) this morning announced further results from its recently completed second-generation study in 40 rats in addition to the partial results released earlier this month. The in vivo study evaluated the ability of the company’s DehydraTECH™ technology to deliver nicotine as quickly as 2 minutes after oral administration. Lexaria’s technology delivered 90.2% more nicotine over the first 10 minutes of the study than the concentration-matched control formulation by the 10-minute mark. To better commercialize opportunities within the nicotine sector, the company has also completed the formation of a wholly-owned subsidiary, Lexaria Nicotine Corp. "Lexaria's DehydraTECH™…

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ThursdayAug 30, 2018 9:21 am

HempNewsBreaks – With Introduction of Hemp FX™ Product Line, Youngevity International, Inc. (NASDAQ: YGYI) Enters $7.7B Cannabis Market

Leading omni-direct lifestyle company Youngevity International, Inc. (NASDAQ: YGYI) this morning highlighted its new Hemp FX™ product line, which was introduced at the company’s 2018 convention in San Diego, California. The new line consists of three proprietary blends of hemp-derived cannabinoid products (Soothe™, Relax™ and Uplift™) and gives Youngevity a foothold in the $7.7 billion cannabis market. Per the update, a limited quantity of the new formulas was available for pre-sale purchase to attendees at Youngevity’s convention, and this offering quickly sold out. The company expects to introduce the Hemp FX™ product line to the public soon, with the official…

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WednesdayAug 29, 2018 10:53 am

HempNewsBreaks – Global Payout, Inc. (GOHE) Announces MTrac Team will Attend the Big Industry Event in Los Angeles

Global Payout, Inc. (OTC: GOHE) this morning announced that the MTrac Tech Team will attend the Big Industry Event in Los Angeles taking place August 30-31. MTrac’s marketing team will leverage the opportunity to provide direct education regarding its MTrac payment platform to significant players within the industry. “We are so excited to share our solution to some of the most influential leaders and innovators in the industry and in having the opportunity to demonstrate how they can significantly reduce the liability associated with cash through the use of our MTrac payment platform. This burgeoning industry is ever-evolving and we…

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WednesdayAug 29, 2018 10:10 am

HempNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Details Major Common Share Restructuring

Cannabis Strategic Ventures (OTC: NUGS) this morning announced a major common share restructuring. The company has cancelled a total of 75.6 million shares, including 20 million from the company’s chief executive officer Simon Yu. The move to cancel approximately 25% of the total shares is intended to raise shareholder value and build long-term value for all. The restructuring follows the company’s recently announced partnerships with Fitamins and Asher House Pet CBD, both of which operate in the multi-million dollar CBD products market. “The future of Cannabis Strategic Ventures is all about acquiring and partnering with the best brands in the…

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WednesdayAug 29, 2018 9:25 am

HempNewsBreaks – Marijuana Company of America Inc. (MCOA) Issues Update Regarding its Investment in MoneyTrac Technology

Innovative hemp and cannabis corporation Marijuana Company of America (OTC: MCOA) this morning announced that it has received 150,000,000 shares of common stock of Global Payout Inc. (OTC: GOHE) as part of its reverse merger with MoneyTrac Technology Inc. MCOA previously entered into a stock purchase agreement to acquire 15,000,000 common shares of MoneyTrac Technology for $250,000. As part of MoneyTrac’s merger with GOHE, GOHE issued shares to MCOA on August 24, 2018.  Based on the closing price of GOHE’s stock on the date of the share issuance at $.0116 a share, the value of the 150M shares held by…

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