HempNewsBreaks

TuesdayJun 18, 2019 9:41 am

HempNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Receives Loan Commitment for $50M Senior Secured Credit Facilities

Canadian cannabis cultivation firm the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) on Monday announced its receipt of a loan commitment from an ATB Financial (“ATB”) syndicate of lenders as lead arranger and administrative agent for up to $50,000,000 of committed senior secured credit facilities. According to the update, Flowr will be permitted to use a recapitalization term facility and a revolving operating credit facility for general working capital purposes, as well as a development facility for the development of its Kelowna 1 Facility, Kelowna 2 Facility and Flowr Forest. The ATB Credit Facilities will have a maturity day of three…

Continue Reading

TuesdayJun 18, 2019 9:30 am

HempNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Hires General Manager for Stanislaus County Cannabis Facility

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced that it has hired Alan R. Applonie as general manager of its recently acquired 196,000-square-foot vertically integrated cannabis-focused facility in Stanislaus County, CA. Applonie will be responsible for all activities in the manufacturing operations of the facility, as well as other facilities and operations TransCanna may acquire in the area. “I've spent over six months interviewing for top-tier talent to oversee our operations and I firmly believe Alan is that person. Alan's most recent position was for a multi-billion-dollar enterprise in which his division regularly produced greater than $300 million in…

Continue Reading

MondayJun 17, 2019 3:14 pm

HempNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) Anticipates Completion of Brantford Facility Build-Out

City View Green Holdings (CSE: CVGR), formerly Icon Exploration Inc., is a vertically integrated, seed-to-sale cannabis company that intends to grow high-quality cannabis and produce extracts. Presently, CVGR is making progress to wrap up its Brantford, Ontario, facility in the coming months and anticipates receiving a license from Heath Canada permitting it to turn building into an operational cannabis grow-and-extraction facility. An article discussing the company reads, “In a news release, CVGR CEO Ian MacDonald said, ‘Our build-out at the Brantford facility will be completed in the coming months, and we are confident our license will be granted shortly thereafter,…

Continue Reading

MondayJun 17, 2019 10:08 am

HempNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Expands Nationwide Retail Presence with Dillard’s Launch

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) this morning announced its receipt and fulfillment of an opening purchase order from Dillard’s department stores that will place Wildflower wellness products in Dillard’s stores across the United States. Per the update, the company’s premium hemp CBD infused products can now be seen throughout 292 Dillard’s locations across the U.S., and Wildflower has already received and is in the process of fulfilling subsequent purchase orders from the department store chain. “Launching into Dillard’s will double the number of retail locations we are in overnight,” Wildflower CEO William Maclean said in the news release.…

Continue Reading

MondayJun 17, 2019 9:54 am

HempNewsBreaks – Golden Developing Solutions Inc. (DVLP) Highlights Near 160% Annualized Sequential Monthly Sales Growth

Emerging leader in the cannabis, hemp and cannabidiol (CBD) marketplace Golden Developing Solutions Inc. (OTC: DVLP) this morning issued an update highlighting its latest financial data as its growth rate continues to accelerate following key strategic moves, including the acquisition of Infusionz LLC (“CBD Infusionz”) and expansion of its production capacity. According to the update, the company, in combined terms, booked over $629,000 in monthly sales in May alone, with an annualized sequential monthly sales growth rate of nearly 160 percent. “As we projected, topline performance is accelerating across all metrics following our recent investments,” DVLP CEO Stavros Triant stated…

Continue Reading

MondayJun 17, 2019 9:41 am

HempNewsBreaks – Choom Holdings Inc.’s (CSE: CHOO) (OTCQB: CHOOF) Flagship Niagara Falls Cannabis Store Surpasses $49,000 in Opening Day Sales

British Columbia-based fully-integrated cannabis company Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) today announced that Choom Niagara, the first legal adult use cannabis store to operate in Niagara Falls, Ontario, produced over $49,000 in sales on its opening day. "We are really happy with the turnout we had for Choom Niagara's opening day," Choom President and CEO Chris Bogart said in the news release. "We've had a lot of support from the local community, and we're excited to bring Choom to Niagara Falls. The feedback from our customers has been fantastic, and that is a testament to our dedicated staff…

Continue Reading

MondayJun 17, 2019 9:30 am

HempNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Subsidiary Secures Supply Contract with Magu Maiden Farms LLC

Youngevity International Inc. (NASDAQ: YGYI), a leading multi-channel lifestyle company, this morning announced that its wholly owned subsidiary, Khrysos Industries Inc., has entered into a five-year supply contract with Magu Maiden Farms LLC. Per the update, the contract calls for Khrysos to provide extraction services and end-to-end processing to produce isolate, water soluble isolate, distillate and water-soluble distillate hemp derived products. Khrysos expects production related to this agreement to begin in the fourth quarter of 2019, with annual revenue potential forecast at $12 million, based on current market conditions. “We are excited to add this new long-term contract to our…

Continue Reading

FridayJun 14, 2019 1:59 pm

HempNewsBreaks – Hemptown USA Positioned as Leading Producer of CBG — Potential Next Big Thing

Hemptown USA, a privately held company headquartered in Southern Oregon’s Emerald Triangle, is poised in a market where cannabigerol (“CBG”) could rival cannabidiol (“CBG”) in years to come, potentially becoming the market’s next big thing. A recent article discussing this reads, “Through Hemptown USA’s ‘soil to oil to shelf’ methodology, the company will be producing broad-spectrum CBD and CBG crudes, distillates, pure isolates, multiple cannabinoid formulations and branded products. This year’s CBG focus positions Hemptown as a leading CBG producer in the United States in 2019 and beyond. In addition to the Oregon farm, the company is also growing in…

Continue Reading

FridayJun 14, 2019 1:10 pm

HempNewsBreaks – Wildflower Brands Inc.’s (CSE: SUN) (OTCQB: WLDFF) CBD Line Featured in New York City Salon

Vancouver-based company Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) was recently mentioned in the article 'Saks Fifth Avenue Is Now Serving CBD Beauty At New York City Flagship's In-House Salon' authored by Katie Chapiro on Forbes.com. Among other top brands such as CocoCanna, Ambika Herbal and Highborn, Wildflower stands out for its dedication to keeping its products all-natural and synergic. Using more than just CBD oil, Wildflower combines unique ingredients including ginseng and curcumin to form its distinctive wellness products. To view the full article, visit http://cnw.fm/m2ESC About Wildflower Brands Wildflower Brands is a Vancouver-based company developing and designing brands that…

Continue Reading

FridayJun 14, 2019 12:30 pm

HempNewsBreaks – SinglePoint Inc.’s (SING) Strategics Program Paving Way for Qualified CBD Companies

Technology and investment company SinglePoint (OTCQB: SING) is paving the way for qualified cannabidiol (“CBD”) product companies to bring their products to the national market. An article discussing this reads, “The ‘Strategics’ program will provide qualifying companies, with annual revenue above $2 million, a pathway to market through a national distribution partner that has nearly $2 billion in annual sales to mass-market stores such as CVS, Walgreens, Rite-Aid, Dollar General, Dollar Tree, Giant Eagle, Meijer and Kroger grocery stores, as well as a wide number of regional and national convenience stores.” To view the full article, visit http://cnw.fm/Is9Ei About SinglePoint…

Continue Reading