CannabisNewsBreaks Archive - CannabisNewsWire

FridayOct 23, 2020 12:44 pm

CannabisNewsBreaks – Hemptown Organics Corp. Enters LOI with Global Fund for Potential US$8M Financing

Hemptown Organics, a privately held British Columbia company, on Thursday announced its entry into a non-binding letter of intent ("LOI") with Global Fund LLC. The LOI is regarding a potential US$8 million investment into Hemptown Organics by Global Fund via its newly established "Global Bio Solution Fund I" (the "financing"). According to the update, under the terms of the LOI, Global Fund has agreed, subject to due diligence and entry into definitive agreements, to subscribe for an aggregate of 5,714,285 units of Hemptown Organics, each at a price of US$1.40, for minimum gross proceeds of US$8 million (the "original investment").…

ThursdayOct 22, 2020 1:32 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Forms New Partnership with KOA(R) and Yogi Bear’s Jellystone Park(TM) Camp-Resorts

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, today announced that it is now an approved vendor for Kampgrounds of America (“KOA”(R)) and Yogi Bear’s Jellystone Park(TM) Camp-Resorts. “We are pursuing some exciting growth opportunities in the hospitality segment and are thrilled to announce our newest partnership with two of North America’s leading family camping destination providers,” WTER president and CEO Ricky Wright said in the press release. “There are approximately 82 million camper households in the U.S., and the recent pandemic-related travel limitations are drawing more…

ThursdayOct 22, 2020 1:31 pm

CannabisNewsBreaks – HempFusion Wellness Inc. Files Prelim Prospectus for Initial Public Offering

HempFusion, a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, today announced that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada, except Quebec. The prospectus is for a proposed initial public offering of (i) common shares of the company (the “offered shares”) for gross proceeds of up to US$7,000,000 (the “share offering”) and (ii) units of the company (the “units”) for gross proceeds of up to US$10,000,000 (the “unit offering” and together with the share offering, the “offering”). The offering price will be determined in…

ThursdayOct 22, 2020 12:27 pm

CannabisNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Books Over $2.3M September Sales, Eyes Strong Year-End Run

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced September monthly performance data, which showed a strong continued pace of growth in sales of cannabis products during the month. According to the update, the company booked over $2.3 million in total sales from cannabis products during September. That compares to $1.8 million in total sales from cannabis products in August, representing a sequential monthly growth rate of approximately 28%. “We continue to see growing market positioning and overall performance despite variable market conditions for cannabis producers over the past two months,” Simon Yu, CEO…

ThursdayOct 22, 2020 11:53 am

CannabisNewsBreaks – Cannabis Global Inc. (CBGL) Founder Featured in SmallCapVoice.com Audio Interview

Cannabis Global (OTC: CBGL) founder Robert Hymers is featured in a newly released interview with SmallCapVoice.com’s Stuart Smith. Hymers was joined by Jesus Quintero, CEO of Marijuana Company of America Inc. (OTC: MCOA), an innovative hemp corporation. During the interview, the two men discuss the development of MCOA’s work with Cannabis Global, a cannabinoid and hemp extract science company developing infusion and delivery technologies. Hymers and Quintero share the story behind the transition in management that recently took place as well as how Quintero’s team is focused on MCOA’s international expansion and creative new product offerings. A pioneer in the…

WednesdayOct 21, 2020 2:32 pm

CannabisNewsBreaks – Why Gage Cannabis Co. Is ‘One to Watch’

Gage Cannabis is a vertically integrated cannabis industry operator led by Bruce Linton, the former CEO and chairman of Canopy Growth Corp. (TSX: WEED) (NYSE: CGC). Currently focused exclusively on the Michigan market, the company is working to build the fastest-growing cannabis brand in the state. Gage’s brand portfolio currently includes five unique classes: flower products, edibles, hardware, concentrates and vape pens/disposables. A recent article discussing Gage Cannabis reads, “The company has already created relationships with a wealth of exclusive brand partners, including some of the most illustrious brands in the country. Notably, Gage’s exclusive partnership with Cookies, one of…

TuesdayOct 20, 2020 1:33 pm

CannabisNewsBreaks – Pure Extract Technologies Inc. Looks to Production of Highest-Quality FSO

Pure Extract, a private, plant-based extraction company, was recently awarded a Standard Processing License by Health Canada under the Cannabis Act. Following this significant milestone, Pure Extracts will now proceed with application to Health Canada for a Natural Health Products Site License at its purpose-built extraction facility while adhering to EU Good Manufacturing Practices (“GMP”). This will help to enable the company to extract its full spectrum oil (“FSO”) to the highest-possible quality. “We are thrilled to be commencing production in our new, EU-GMP compliant, purpose-built facility,” stated Pure Extracts founder and COO Doug Benville in a recent article discussing…

TuesdayOct 20, 2020 11:47 am

CannabisNewsBreaks – Cannabis Global Inc. (CBGL) Announces Addition of THC to Nanotechnology Program

Cannabis Global (OTC: CBGL), a cannabinoid and hemp-extract, science-forward company developing infusion and delivery technologies, has added tetrahydrocannabinol (“THC”) to its Project Varin research program. CBGL is conducting the program in partnership with Natural Plant Extract of California Inc ("NPE"), a licensed and regulated cannabis products manufacturer. The objective of the program is to demonstrate the cost advantages of using the company’s proprietary and provisional patent-pending nanoparticle and nanofiber technologies to change the cost model as it related to adding THC to various products. Cannabis Global filed six provisional patent applications last year, including one which outlined the methods and…

MondayOct 19, 2020 2:15 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Expanding Portfolio Across Key Locations

Pac Roots (CSE: PACR), an innovative genetics-based cannabis company located in Canada, is dedicated to building a portfolio of valuable long-term income-producing and development assets. In addition to its latest acquisition of 250 acres of land in the premium Fraser Valley, the company is also expanding its portfolio across British Columbia. This includes PACR’s acquisition of a 60% interest in a 100-acre joint venture hemp project in Rock Creek and the company’s continued development stages to create an indoor facility in Lake Country. “Between the Fraser Valley and Rock Creek, B.C., which both rank at the top of the charts…

WednesdayOct 14, 2020 3:31 pm

CannabisNewsBreaks – Pure Extract Technologies Inc. Eyes Opportunity as Psilocybin Shows Promise for Treating Depression

Pure Extract Technologies, a private, plant-based extraction company, is positioned for opportunity as interest grows in the psychedelic and functional mushrooms sector. Recent groundbreaking research indicates that psilocybin-assisted psychotherapy may be effective in treating depression, a debilitating disorder that plagues an estimated 300 million people across the United States. According to a recent National Centre for Mental Health (“NCMH”) article, “a small number of studies have been conducted trialing psilocybin on patients with treatment-resistant depression.” Test results showed a significant decrease in depression scores after only one week to three months, with the majority of participants experiencing reduced depression severity…

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