HempNewsBreaks

TuesdayDec 10, 2019 9:25 am

HempNewsBreaks – MCTC Holdings Inc. (MCTC) Reports Positive Results from Hemp Extract-Based Alcohol Replacement Technology Testing

MCTC Holdings (OTC: MCTC), a science-forward, intellectual-property-focused company developing unique hemp-infusion technologies, this morning reported alcohol replacement technology test results for its Hemp You Can Feel(TM) technology, a groundbreaking hemp-based infusion intended as a replacement for alcohol in many beverages. MCTC announced separate test results on three new infusions, the Hemp You Can Feel(TM) technology in powder form, in a liquid concentrate form and in a premixed nonalcoholic cocktail formulation. In industry standard high-performance liquid chromatography (“HPLC”)-based potency testing conducted by licensed independent laboratories, hemp extract and cannabinoid levels were undetectable for all three preparations. Additional analysis intended to reveal…

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MondayDec 09, 2019 11:44 am

HempNewsBreaks – Marijuana Company of America, Inc. (MCOA) Announces Changes in Corporate Leadership, Vertical Expansion Strategy

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced the resignation of Donald J. Steinberg as chairman of the board, chief executive officer and treasurer. According to the update, the Company’s new focus will be to enter strategic acquisitions with various operational cannabis and hemp companies that are distressed in order to expand its vertical model, as well as expand its hempSMART(TM) branded product lines and marketing channels and launch other CBD brands using a direct-to-consumer sales approach. "It has been an honor to lead the Company these past four years and to serve the…

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FridayDec 06, 2019 12:09 pm

HempNewsBreaks – SinglePoint, Inc. (SING) Enters Agreement with AFG Distribution to Sell, Market and Distribute “1606 Original Hemp”

SinglePoint (OTCQB: SING) today announced its entry into an agreement with AFG Distribution of North Carolina to sell, market and distribute the company's newest product, "1606 Original Hemp" - a filtered hemp pre roll. According to the update, the companies will exhibit at the MJBizCon show in Las Vegas, slated to take place from December 11-13, 2019. “A phenomenon is occurring where people are substituting or modifying tobacco consumption with smokable hemp,” SinglePoint President Wil Ralston said in the news release. “We believe we have the best filtered hemp pre roll using 100% hemp in the market and are tremendously…

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FridayDec 06, 2019 9:18 am

HempNewsBreaks – SinglePoint, Inc. (SING) President Discusses Plans for Upcoming Conference on MoneyTV with Donald Baillargeon

Technology and investment company SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The program is syndicated internationally and covers money-focused topics, featuring various companies and in-depth interviews with CEOs and executives that offer insights into operations and future outlooks. MoneyTV is viewed in over 200 million households in more than 75 countries. This week’s program featured SinglePoint president Will Ralston as he discussed the company’s participation in the upcoming MJBIZCON in Las Vegas. “We're releasing our brand new 1606 Hemp smokable product there. We've had great feedback already,” SinglePoint president Will Ralston stated in…

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TuesdayDec 03, 2019 2:28 pm

HempNewsBreaks – Hemptown USA Aims to Capitalize on Mounting CBG Market

Hemptown USA, a privately owned grower of full-spectrum, feminized hemp using premium-seed genetics, plans to capitalize on the rising cannabigerol (“CBG”) market. A recent article discussing the company reads, “Feminized hemp plants must normally be harvested early in the growth process to capture the CBG before it changes its form to CBD and tetrahydrocannabinol (THC), but Hemptown USA plants have been designed to allow harvesting later at full maturity. They have also been designed to be far richer in CBG (10–14%). In 2020 and beyond, the company has exclusive rights to 20% of the latest and greatest novel cannabinoids being…

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TuesdayDec 03, 2019 9:50 am

HempNewsBreaks – Sugarmade, Inc. (SGMD) Employs Aggressive M&A Roll-Up Strategy

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, is pursuing an aggressive merger and acquisition (“M&A”) roll-up strategy to position itself as a leader in the hydroponics sector. The company is presently in preliminary talks with six hydroponic and agricultural supply targets in the U.S. and central Europe. SGMD is targeting companies with an EBITDA margin of at least 8% and prefers to pay a reasonable multiple to revenue, with 10% in cash and 90% in stock with exact terms dependent on market conditions. Sugarmade recently closed its acquisition of BZRTH Inc. for roughly 1x…

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MondayDec 02, 2019 11:50 am

HempNewsBreaks – Youngevity International Inc.’s (NASDAQ: YGYI) Khrysos Industries Brings Triple Distillation System On Line in Florida Facility

Youngevity International (NASDAQ: YGYI), a leading omni-direct lifestyle company, together with its wholly-owned subsidiary, Khrysos Industries, Inc., today announced that Khrysos has brought a new triple distillation system online at its recently leased 82,000 square foot post processing and finished goods production facility in Orlando, Florida. According to the update, the new system is planned to be used exclusively for hemp oil remediation on a toll processing basis. In addition, Khrysos Industries announced that the company has increased capabilities in Isolate production by bringing online two 150 Isolate Reactors, expected to increase its ability to produce Isolate by 6-fold. "We…

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WednesdayNov 27, 2019 10:21 am

HempNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Advances Toward Equipment Installation at Hemp-Biomass Extraction Facility

HTC Extraction Systems (TSX.V: HTC), a hemp-biomass processing entity, recently completed its 19,000-square-foot facility in Port Lajord and is anticipating the arrival of its initial new extraction equipment in December 2019. An article discussing the company reads, “Installation of the extraction and formulation equipment will mark the next major stage for the company’s strategy of building on hemp biomass tolling contracts on both sides of the U.S.-Canada border to extract CBD full-spectrum oil (‘FSO’) and to keep a percentage of the distillate for future sales and offtake agreements, including sales to the cannabinoid pharmaceutical market. Bought-deal, private-placement financing that closed…

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TuesdayNov 26, 2019 11:06 am

HempNewsBreaks – SinglePoint, Inc. (SING) Provides 2019 Recap, Outlook for 2020

SinglePoint (OTCQB: SING), a technology and investment company, this morning provided a recap of 2019 and outlook for 2020. The company exceeded $1,000,000 in revenue for Q3, making it its largest third quarter in company history. Moving forward, SING sees substantial growth in two major markets, hemp and solar, and is focused on growing within these market segments throughout the fourth quarter and into 2020. The company is launching its nicotine and tobacco free 1606 Original Hemp cigarettes at MJBIZCON taking place at the Las Vegas Convention Center December 11-13, 2019. SinglePoint expects the sale of 1606 to be a…

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MondayNov 25, 2019 12:15 pm

HempNewsBreaks – MCTC Holdings, Inc. (MCTC) Announces New Class of Hemp You Can Feel(TM) Infusion Technology as Replacement for Alcohol in Beverages

MCTC Holdings (OTC: MCTC), a science forward intellectual property focused company developing unique hemp infusion technologies, today announced a new class of hemp infusion technology designed to replace alcohol in many beverages. According to the update, the infusion will be marketed under MCTC’s Hemp You Can Feel(TM) brand name and adds to its growing portfolio of intellectual property. "The formulations and delivery vehicles our researchers have developed are nothing short of spectacular," MCTC Chief Executive Officer Arman Tabatabaei said in the news release. "While the technology is based on hemp extracts, levels are many magnitudes lower than are typically seen…

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