HempNewsBreaks

WednesdayJul 31, 2019 3:23 pm

HempNewsBreaks – MYM Nutraceuticals Inc. (CSE: MYM) (OTCQB: MYMMF) Acquires 50% of Licensed Hemp Cultivator BioHemp Naturals

MYM Nutraceuticals (CSE: MYM) (OTCQB: MYMMF), an innovative company focused on the global growth of cannabis and CBD-rich hemp, on Tuesday announced the completion of the acquisition of 50% of BioHemp Naturals in exchange for $2.5 million cash and 6,000,000 common shares in the capital of MYM. BioHemp is a licensed hemp cultivator that cultivates and distributes CBD-rich hemp biomass to licensed producers in Canada. Len Atkinson, BioHemp co-founder, has joined the MYM management team as Global Hemp Project Manager. In collaboration with BioHemp, MYM is seeking to expand its cultivation to 3,000 acres of CBD-rich hemp for the 2020…

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TuesdayJul 30, 2019 1:45 pm

HempNewsBreaks – Marijuana Company of America Inc. (MCOA) Expands Portfolio of Legal Cannabis, Industrial Hemp Investments

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) recently signed an LOI with Alpha Private Equity & Capital and Northern Lights Distribution (“NLD”), a subsidiary of Natural Plant Extract of California (“NPE”), to form joint venture Magnolia Extracts LLC (http://cnw.fm/l5lXR). An article discussing the company reads, “When MCOA acquired an equity interest in NPE, the company entered a joint venture agreement with NPE to form Viva Buds, a premier cannabis retail-delivery business. MCOA plans to begin a cannabis delivery service in California, starting in Los Angeles County and then rolling out to other major areas within the state.…

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MondayJul 29, 2019 1:15 pm

HempNewsBreaks – Sugarmade Inc. (SGMD) Leveraging Hydroponic Expertise to Target Rapidly Expanding Markets

Hydroponics supply company Sugarmade (OTCQB: SGMD) is utilizing its expertise to expand across market sectors and seize various opportunities as they arise. An article discussing the company reads, “Utilizing a narrowband Internet of Things (NB-IoT) technology, the company has created an AI-based hemp cultivation and agricultural monitoring system. This AI platform enables real-time tracking of field conditions that include soil moisture, temperature, humidity and more. It also provides intelligent recommendations to mitigate existing issues and thereby optimize yield (http://cnw.fm/wUd7O). . . . The hydroponics market is growing, in large part due to the U.S. industrial hemp market and the rapidly…

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FridayJul 26, 2019 2:26 pm

HempNewsBreaks – Hemptown USA Advances Growth Strategy via Nutraceutical Manufacturing Facility Acquisition

Hemptown USA recently announced the acquisition of assets that consist of the FDA-licensed, cGMP-certified operating nutraceutical business of the Kirkman Group (http://cnw.fm/an42G).  The Kirkman Group’s fully operational 25,000-square-foot nutraceutical facility holds equipment and formulations intended to facilitate precision dosage of cannabidiol (“CBD”) and cannabigerol (“CBG”) product formulations, including tinctures, gel caps, topical products and edibles. An article discussing the company reads, “In the spring of 2019, Hemptown USA acquired 4.5 million rare hemp seeds. These have been divided three ways — one third went to Kentucky, another third was planted in Colorado, and the final third (all CBG genetics) remained…

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FridayJul 26, 2019 10:02 am

HempNewsBreaks – Sugarmade Inc. (SGMD) Announces Completion of BZRTH Audit and Initial Investment in Hempistry

Major supplier to the growing hydroponic cultivation and hemp sectors Sugarmade (OTCQB: SGMD) this morning provided an update on the status of its pending acquisition of hydronic cultivation supplier, BZRTH, Inc., as well as the status of its investments in Kentucky-based hemp cultivator, Hempistry, Inc. According to the update, BZRTH, a target acquisition of the company, completed its audits for previous financial periods. In addition, Sugarmade has completed the first round of closings relative to its proposed investments of up to $1,000,000 in privately held Hempistry, Inc. via its first tranche investment of $190,000. "The closing of the BZRTH audit…

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FridayJul 26, 2019 9:42 am

HempNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Gains Access to 60,000kg of CBD-rich Hemp through New Advance Purchase Agreement

Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), parent company of Organigram Inc., a leading licensed producer of cannabis, this morning announced that it has entered into an advance payment and purchase agreement with 703454 N.B. Inc. (carrying on business as 1812 Hemp). In accordance with the agreement, OGI will pre-fund hemp purchases to receive access to as much as 60,000 kilograms of dried hemp flower to be harvested during 2019 for extraction into cannabidiol (“CBD”) isolate. In January, the company entered into a purchase agreement with 1812 Hemp which granted OGI the first a right of first refusal on 1812 Hemp’s…

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MondayJul 22, 2019 11:23 am

HempNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Subsidiary Secures North Carolina Hemp Processing Licenses

Full-scope, science-driven premium cannabis cultivation and branding enterprise Green Hygienics Holdings Inc. (OTCQB: GRYN) today announced that it has secured licenses for the processing of hemp in the state of North Carolina. Per the update, the North Carolina Industrial Hemp Commission granted the licenses to the company’s newly formed subsidiary, Coastal Labs North Carolina LLC. The Food and Drug Division of the North Carolina Department of Agriculture and Consumer Services provides guidance regarding the manufacture and sale of products that contain CBD. In addition, Green Hygienics North Carolina LLC, the company’s second subsidiary in the state, will be partnering for…

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TuesdayJul 09, 2019 2:18 pm

HempNewsBreaks – Investors, Cannabis Companies to Converge at CannaVest West on July 22

CannaVest West is set to kick off on July 22nd at the San Jose Convention Center. Running alongside the annual Cannabis Business Summit & Expo, the two-day event was originally created to meet the needs of institutional investors and sophisticated accredited investors. CannaVest West is the only official industry sponsored trade association investment forum that will bring together single and multi-family offices, institutional investors and cannabis companies seeking to present products and services. The event, developed by the National Cannabis Industry Association (“NCIA”), will provide an in-depth look into the emerging cannabis industry through a variety of speakers and informative…

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TuesdayJul 09, 2019 11:32 am

HempNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Enters Agreement with MXY Holdings to Create ‘360 Degree’ Cannabis Company

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced its entry into a securities acquisition and contribution agreement, dated as of July 8, 2019, with, among others, MXY Holdings LLC (“Moxie”). Per the update, a new Ontario limited partnership will be formed, of which GGB will be the general partner (“GGB LP”), will acquire the GGB operating companies and the issued and outstanding units of Moxie, an arm’s length third party, in an all-equity interest transaction. GGB will also, as part of the transaction, be directly acquiring shares of Delaware entities within the Moxie structure, MXY C,…

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TuesdayJul 09, 2019 10:39 am

HempNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Client Wahupta Signs First USA Extraction System Order

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced that Wahupta Ventures’ wholly owned division, Curran Technologies, has signed its first USA extraction system order with Health Care Industries of Marco Island, Florida, worth $670,000. According to the update, the Curran designed system will consist of four R6 Pro extraction units for the production of both CBD isolate and distillate. “We are working closely with Wahupta management to sign our definitive agreement and help increase their company valuation and revenues. As Canada comes onside with CBD products, few extraction companies in Canada have focused solely on the hemp…

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