HempNewsBreaks

WednesdayAug 28, 2019 3:07 pm

HempNewsBreaks – Sugarmade Inc. (SGMD) Tackles Hemp Cultivation in Kentucky via Hempistry Investment

Sugarmade (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, has started hemp cultivation in Madison County, Kentucky, by exercising its investment option in Hempistry Inc. An article discussing the company reads, “Sugarmade CEO Jimmy Chan said in a news release (http://cnw.fm/mRK0s) that SGMD has ‘multiple options for growth, while (its) recently effective S-1 filing expands (Sugarmade’s) ability to finance the many initiatives in front of the company.’ SGMD is exploring the next generation of hemp-processing technology. The intersection of rising demand and the legal relief provided by the passage of the 2018 Farm…

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MondayAug 26, 2019 11:25 am

HempNewsBreaks – Youngevity International Inc.’s (NASDAQ: YGYI) Khrysos Industries Leases State- of-the-Art, Florida Based Hemp Processing and Manufacturing Facility

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments, through its wholly owned subsidiary, Khrysos Industries, Inc., today announced that it has leased 82,000 square feet in Orlando, Florida to house its facility for post processing hemp derived products and finished goods manufacturing.  The state-of-the-art facility features a 46,200 square foot production area and is the former home of Nephron Pharmaceuticals GMP Certified sterile manufacturing operations. "We believe this facility provides us the opportunity to accelerate our post processing and manufacturing capabilities by approximately two years in terms of production output.  The amenities and…

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ThursdayAug 22, 2019 1:30 pm

HempNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Receives 100% Organic Rating from Corporate Knights

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a cannabis-focused research and development company, was recently named as one of the eco-friendliest cannabis firms in Canada. An article discussing the company reads, “Corporate Knights, a Toronto-based publication, gave TGOD a 100% organic rating and cited its projected million-square-foot, ecologically efficient greenhouse in Valleyfield, Quebec (scheduled to operate later this year on renewable hydropower), as being a key component in the company’s anticipated growth (http://cnw.fm/TKnd5). As the budding cannabis industry continues to evolve, issues of sustainability and growing ‘greener’ product are rising to the surface, and TGOD is currently one…

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WednesdayAug 21, 2019 1:15 pm

HempNewsBreaks – Sugarmade Inc. (SGMD) Aims to Capitalize on Kentucky’s Surging Hemp Industry

Sugarmade (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, recently announced an initial investment in Hempistry Inc. An article discussing the company reads, “In 2014, Kentucky had 20 approved hemp growers across 33 acres in a trial run. By 2018, those numbers had increased to 210 growers and 6,700 cultivated acres. This sustained rapid expansion has been aided considerably by the passage of the 2018 Farm Bill; recent numbers indicate that 60,000 acres throughout the state are now devoted to hemp production, with nearly a thousand jobs created. Political support has…

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MondayAug 19, 2019 11:34 am

HempNewsBreaks – Marijuana Company of America Inc. (MCOA) Reports Q2 2019 hempSMART(TM) Product Sales and Financial Highlights

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) today announced the company’s hempSMART(TM) product sales and other financial highlights for the second quarter ending June 30, 2019. According to the update, total revenues of hempSMART(TM) products for the second quarter of 2019 were $208,580 as compared to $28,435 from the prior year, representing a significant 633.5 percent year-over-year increase. “Our second quarter of 2019 has been our most successful quarter to date at hempSMART. We continue to generate strong sales and momentum in Q3 with over $100K in gross sales for just the month of July,” MCOA…

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FridayAug 16, 2019 11:55 am

HempNewsBreaks – HempFusion, Inc. Closes $36M Private Placement Offering

HempFusion, a leading US hemp-based cannabidiol (“CBD”) company, recently announced the closing of brokered and non-brokered private placements of a total of 28,800,000 units of the company at a price of $1.25 each, resulting in gross proceeds of $36,000,000. The brokered part of the offering, which was comprised of the sale of 26,227,650 units for total gross proceeds of $32,784,563, was completed by a syndicate of agents including Canaccord Genuity Corp., Haywood Securities Inc. and PI Financial Corp. (“the agents"). Each of the units issued consist of one common share and one-half of one common share purchase warrant. Each warrant…

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FridayAug 09, 2019 10:09 am

HempNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Adds Pet Chews to HEMP FX Line, Brand Featured in Forbes Article

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments, this morning announced that it is adding Pet Chews to its HEMP FX(TM) line of hemp infused products. Designed for dogs and cats who may benefit from the natural support of phytocannabinoid rich hemp oil, HEMP FX(TM) Pet Chews products offer wholesome plant-based ingredients. Youngevity introduced its HEMP FX(TM) line in August of 2018, and the brand was just featured in a Forbes Article titled "It's National CBD Day: Have Your Tried These Products?" "We are pleased to see our HEMP FX(TM) Line appear in…

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ThursdayAug 08, 2019 11:22 am

HempNewsBreaks – SinglePoint, Inc. (SING) Enters Master Distribution Agreement to Bring Pure Hemp Cigarettes to Market

Technology and investment company SinglePoint (OTCQB: SING) this morning announced its entry into a master distribution agreement with Pure Products LLC to become the primary sales and marketing solution for the company’s line of “Pure Hemp” cigarettes. According to the update, the agreement is a natural fit for SinglePoint CEO Greg Lambrecht, who previously led Premium Cigars International to an IPO NASDAQ listing. “We are excited for this opportunity. I have many contacts still in the business from my prior distribution company and look forward to bringing Pures’ hemp cigarettes to market,” SinglePoint CEO Greg Lambrecht said in the news…

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WednesdayAug 07, 2019 2:01 pm

HempNewsBreaks – Marijuana Company of America Inc. (MCOA) Commences Commercial Planting at Joint Venture Hemp Farm

Marijuana Company of America (OTCQB: MCOA) and joint venture (“JV”) partner Global Hemp Group (CSE: GHG) (OTC: GBHPF) (FRA: GHG) recently announced the start of commercial planting at GHG’s hemp farm in Scio, Oregon, which operates under the name Covered Bridge Acres Ltd. (“CBA”) (http://cnw.fm/2mqAf). An article discussing the company reads, “The team at Covered Bridge Acres has taken steps to increase crop stability and quality this season while also reducing expenses. In lieu of purchasing cloned plants or seeds from other companies, as in prior seasons, the hemp plants used for this year’s cultivation have been produced from either sprouted…

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ThursdayAug 01, 2019 11:15 am

HempNewsBreaks – Sugarmade Inc. (SGMD) Announces Commencement of Hemp Cultivation with Hempistry, Inc.

Sugarmade (OTCQB: SGMD) this morning announced commencement of hemp cultivation in conjunction with Hempistry, Inc., a Kentucky hemp cultivator for which Sugarmade recently announced it had begun to exercise its investment option. According to the update, the hemp being cultivated this year by Hempistry is a fast growing strain especially rich in cannabidiol (“CBD”). "Our investment in Hempistry, our commencement to the state of Kentucky and our pending acquisition of BZRTH provide Sugarmade with multiple options for growth, while our recently effective S-1 filing expands our ability to finance the many initiatives in front of the Company," SGMD CEO Jimmy…

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