HempNewsBreaks

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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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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