CannabisNewsBreaks Archive - CannabisNewsWire

WednesdayNov 24, 2021 2:31 pm

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Makes Expansion of Platinum Vape Brand Top Priority

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) recently announced the completion of an agreement for the transition of the management at Platinum Vape LLC (“PV”), having settled all additional PV acquisition price considerations. “RWB estimates that production of PV vape carts will increase to over 450,000 in November, a projection that has made expansion of the PV brand a top priority. Michigan and California are proving to be the two vital promising markets pushing for this growth, prompting focus on PV and streamlining its operations,” reads a recent article. The management transition saw the addition of Shea Alderete…

WednesdayNov 24, 2021 1:25 pm

CannabisNewsBreaks – Lexaria Bioscience Corp.’s (NASDAQ: LEXX) DehydraTECH(TM) Demonstrates 10-20X Faster Nicotine Delivery in Recent Study

Lexaria Bioscience Corp. (NASDAQ: LEXX) recently conducted a study on canines in collaboration with an independent testing laboratory. The analysis evaluated nicotine benzoate and polacrilex plasma levels in 40 anesthetized male beagle dogs comparing Lexaria’s recently developed, advanced DehydraTECH 2.0 nicotine formulation to concentration-matched controls. The dogs’ blood samples were taken every few minutes over the course of two hours. “The results from the study showed that the generic nicotine benzoate pouch required about 45 minutes to reach its peak delivery rate. In comparison, the DehydraTECH-nicotine benzoate pouch reached peak delivery rates at both eight minutes and again at 30…

TuesdayNov 23, 2021 12:36 pm

CannabisNewsBreaks – BevCanna Enterprises Inc.’s (CSE: BEV) (OTCQB: BVNNF) (FSE:7BC) TRACE Selected as Official Water of Country Music Week 2021

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), an emerging leader in innovative health and wellness beverages and products, today announced that TRACE will be the exclusive water partner for Country Music Week 2021. Hosted by the Canadian Country Music Association(R) (“CCMA”) in London, Ontario, from Nov. 26-29, 2021, the event will celebrate country music in Canada and culminate with the 2021 CCMA Awards Show to be broadcast in a live special on Nov. 29, 2021. TRACE will keep fans, artists and the Canadian country music industry hydrated in its capacity as the exclusive water partner of Country Music Week…

TuesdayNov 23, 2021 10:16 am

CannabisNewsBreaks – Simply Sonoma Leveraging CBD Expertise to Develop Organic Beauty Product Line

Simply Sonoma is positioning itself as a strong player in the global CBD skincare market, which is projected to reach $1.7 billion by 2025, up from $234.1 million in 2018, according to a Million Insights report (https://cnw.fm/3xIxH). A recent article, which contains excerpts from the report, notes that CBD-based beauty products are effective and safe for all skin types. “[CBD] is highly beneficial to people who are facing acne, dryness, inflammation and sensitive skin problems,” Million Insights observed. “CBD is used for the skin’s natural healing process and reducing breakouts. It also acts as an antioxidant that helps in reducing…

TuesdayNov 23, 2021 10:01 am

CannabisNewsBreaks – Sugarmade Inc.’s (SGMD) Commitment to Quality Products Dovetails with California’s Recently Passed AB-45

Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, is among companies welcoming Assembly Bill 45 (“AB-45”). The bill went into effect recently, creating a comprehensive regulatory framework for the manufacture and sale of hemp-derived products in California and setting a new focus on safety and consistency. Sugarmade is a California-based company that is committed to providing high-quality products and excellent services. “Sugarmade is a majority owner and operator (70%) of Nug Avenue, a cannabis-delivery services brand based in southern California that offers hand-selected, top-shelf products. The company is committed to providing convenient mobile ordering and online access…

FridayNov 19, 2021 10:11 am

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Provides Clarification of Execs Sale of Stock

Grapefruit USA (OTCQB: GPFT), a premiere California-based cannabis and hemp company, has released a clarifying statement regarding the sale of stock conducted recently by company executives. According to the announcement, GPFT executives do not take a salary, instead being compensated with GPFT common stock. The company noted that its leaders preferred equity compensation, voting to receive their compensation that way several years ago because it represents the “ultimate incentive to ensure that their interests are fully aligned with the interests of company shareholders — the success of Grapefruit.” In addition, opting for this form of compensation is management strategy that…

ThursdayNov 18, 2021 2:13 pm

CannabisNewsBreaks – AmeriCann (ACAN) Announces 300% Annual Revenue Increase from Flagship Project

AmeriCann (OTCQB: ACAN), a cannabis company that develops state-of-the-art cultivation, product manufacturing and distribution facilities, today announced financial and operational updates for its flagship project, the Massachusetts Cannabis Center. Located on a 52-acre parcel in southeastern Massachusetts, the project is permitted for 987,000 sq. ft. of cannabis cultivation and processing infrastructure, which is being developed in phases to support multiple tenants in medical and adult-use cannabis markets. “AmeriCann’s operating revenue for the year ending September 2021 increased by over 300% from the prior year,” said CFO Ben Barton. “The strong top-line growth reflects four consecutive quarters of accelerating revenue. We…

WednesdayNov 17, 2021 2:36 pm

CannabisNewsBreaks – Global Technologies Ltd (GTLL) Announces LOI to Acquire Tersus Power

Global Technologies (OTC: GTLL), a holding corporation with operations engaged in the online sales of CBD and hemp-related products, the acquisition of intellectual property in the safety and security space, and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, distribution and logistics, today announced its entry into a letter of intent to acquire Tersus Power. Tersus is focused on designing a safe, adaptable and affordable hydrogen fueling station that allows for rapid development and deployment of hydrogen fueling infrastructure while minimizing the risk to investors. “This is an exciting time for the Global Technologies shareholders,”…

WednesdayNov 17, 2021 1:57 pm

CannabisNewsBreaks – Way2Grow Biopharma Corp. Enters ‘Next Phase of Life Science Therapeutics’

Way2Grow (“W2G”), a privately held therapeutic corporation existing under the laws of British Columbia, today announced approval of a Health Canada Dealer’s Licence Application. Under the approval, Health Canada issued notice to W2G to complete the construction of a level 8 secure environ and psilocybin production campus. The license and production facility will allow W2G to procure psychedelics as well as propagate, cultivate, harvest and sell psychedelics to pharmacies, clinics and other licenced research facilities for allowable research purposes pursuant to the Controlled Drugs and Substances Act (the “CDSA”). “We are excited to enter this next phase of life science…

TuesdayNov 16, 2021 3:06 pm

CannabisNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Working on Answer to Mass Production of Rare, Otherwise Depleted Cannabinoid Opportunities

InMed Pharmaceuticals (NASDAQ: INM) and its subsidiary BayMedica are innovators in the field of rare cannabinoids, making them available for consumer access. InMed specializes in developing a proprietary biosynthesis system to manufacture pharmaceutical-grade cannabinoids that are otherwise too rare to be acquired in abundance. Through BayMedica, its recent acquisition, InMed also has capabilities in both yeast biosynthesis and chemical synthesis, catering to the large and growing health and wellness consumer markets. “The cannabis plant is made up of over 100 unique cannabinoids, many of which are only found in trace amounts,” reads a recent article. “With so many of these…

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