HempNewsBreaks

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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FridayNov 22, 2019 3:24 pm

HempNewsBreaks – Hemptown USA Strategically Positioned to Become Largest North American Producer of CBD

Hemptown USA, a privately owned grower of full-spectrum, feminized hemp using premium-seed genetics, operates a farm operation with more than 500 acres dedicated to the cultivation of nonpsychoactive cannabigerol (“CBG”). The company’s recent harvest positioned it to be the largest producer of CBG in North America. An article discussing the company reads, “Hemptown USA has built CBD production from broad-spectrum hemp biomass in states such as Oregon, Kentucky and Colorado, but has worked to increase its profile as hemp-friendly laws have been enacted — particularly last year’s farm bill that legalized commercial hemp cultivation nationwide following years of prohibition. .…

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FridayNov 22, 2019 9:52 am

HempNewsBreaks – HTC Extraction Systems (TSX.V: HTC) to Acquire California-based Kase Farma Inc.

HTC Extraction Systems (TSX.V: HTC) today announced its entry into a November 21, 2019 share and purchase agreement (“SPA”) with Starling Brands Inc., a party at arm's length to HTC. Under the SPA, HTC will acquire all issued and outstanding shares of Kase Farma Inc., a subsidiary of Starling, and upon completion of the acquisition, Kase Farma will be a wholly owned subsidiary of HTC. Authorized to operate in the areas of hemp cultivation, extraction, refining, formulation and distribution in the state of California, Kase Farma continually strives, through best-of-class methods, to deliver health and wellness benefits of CBD, CBG,…

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ThursdayNov 21, 2019 12:12 pm

HempNewsBreaks – Sugarmade, Inc. (SGMD) Issues Shareholder Letter on Momentum and Significant Opportunities that Lie Ahead

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today issued a shareholder letter on behalf of the company’s CEO. In the letter, SGMD CEO Jimmy Chan discusses the company’s momentum, commitment to its long-term value proposition and significant opportunities that lie ahead. “The market for hemp and hemp-related products is going to be significantly larger five years from now than it is today. No one disagrees with that basic premise. Our model, fundamentally, is predicated on the idea that this larger structural boom will contain lots of ups and downs for primary producers, but will…

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ThursdayNov 21, 2019 10:13 am

HempNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Announces Strategic Appointments to Management Team, Advisory Board

Green Hygienics Holdings (OTCQB: GRYN), an innovative premium cannabis cultivation and branding enterprise, today announced the appointment of four experienced professionals to its leadership team. New management team and advisory board members include Senior VP of Business Development, Agriculture Division Jerry Halamuda, Senior VP of Corporate Development John Gildea, Independent Director William Creekmur MBA, and Advisory Board Member Edwin Stoughton. “Each of the professionals joining our team adds considerable value to GRYN’s growth strategy,” GRYN CEO Ron Loudoun said in the news release. “The industrial hemp industry is paced for revolutionary progress, and I am pleased to welcome these gentlemen…

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