CannabisNewsBreaks Archive - CannabisNewsWire

TuesdaySep 22, 2020 11:04 am

CannabisNewsBreaks – Cannabis Global Inc. (CBGL), NPE Collaborate on Multiple Levels Following Strategic Investment

Cannabis Global (OTC: CBGL), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, today provided shareholders with more details following the company's recent 18.8% strategic investment stake in Natural Plant Extract (“NPE”). Operating out of Lynwood, California, NPE holds a Type 7 California manufacturing and distribution license, allowing for cannabis product distribution anywhere in the state. Through the newly formed strategic relationship, Cannabis Global and NPE management teams are already collaborating on multiple levels, including the integration of several of the company's technologies in products manufactured by NPE and distributed by NPE's Northern Lights Distribution. "Aside from…

TuesdaySep 22, 2020 10:24 am

CannabisNewsBreaks – The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Revision of Three-Year Term Credit Facility

The Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of distinct cannabis companies, products and brands, announced that it has amended its existing credit facility with its lenders; the original agreement was initially announced on Nov. 14, 2019. The new amended agreement notes that SPRWF has secured a 12-month deferral of its financial covenants related to fixed-charge coverage ratio and leverage to begin in the quarter ending March 31, 2022. The agreement also stipulates that new covenants regarding minimum liquidity and EBITDA will be tested in the interim. SPRWF has also agreed to a 75 basis…

MondaySep 21, 2020 3:48 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Looks to Profitable Fall Harvest

Pac Roots (CSE: PACR), a Canadian cannabis company dedicated to producing premium-quality strains and products, focuses on its first-mover approach to produce premium-quality, industry-leading cannabis strains unavailable in the regulated market. The company’s premium-grade cannabis strains are used in a wide variety of products. Most recently, Pac Roots entered a joint venture with Rock Creek Farms to cultivate a 100-acre premium CBD hemp farm. Based on its reputation for producing unparalleled cannabis, the company currently has 100% of its next hemp harvest under sales contract at fair market value. The company’s crop is expected to come in at up to…

MondaySep 21, 2020 12:17 pm

CannabisNewsBreaks – Willow Biosciences Inc. (TSX: WLLW) (OTCQX: CANSF) Achieves Scalable Production of Pure CBG

Willow Biosciences (TSX: WLLW) (OTCQX: CANSF), a Vancouver, Canada-based company focused on manufacturing pharmaceutical-grade cannabinoids via synthetic biology, today announced that it has successfully developed a scalable process, with demonstrated production at 500 litre scale, for producing cannabigerol ("CBG") with greater than 99% purity and no detectable tetrahydrocannabinol (“THC”). "Achieving scalable production of pure CBG is a pivotal milestone for both Willow and our industry" said Willow's Chief Executive Officer Trevor Peters in the press release. "The market opportunity for high-purity cannabinoids manufactured under GMP control is expected to be in the billions of dollars in the coming years, and…

FridaySep 18, 2020 1:40 pm

CannabisNewsBreaks – Pure Extract Technologies Inc. Poised as ‘Psychedelic Events Are Going Mainstream’

Pure Extract Technologies, a private, plant-based extraction company, is well positioned to partner with organizations eyeing development in both functional and psychedelic products. The company’s entry into functional medicinal mushrooms and collaboration in the psychedelic space look to be appropriately timed for a sector experiencing rising popularity and growing investment. An article discussing this highlights excerpts from a recent “Forbes” publication, titled “Psychedelic Events Are Going Mainstream, Where The Much-Maligned Mushroom Industry Focuses On Mental Health” (https://cnw.fm/LzAgR). The piece reads, “Psychedelics have been a mainstay for a millennia and appreciated in the counter-culture for decades. In 2020, whether consuming, investing, or…

FridaySep 18, 2020 10:58 am

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Expands Portfolio to Add 250 Acres in Prestigious Fraser Valley Region

Pac Roots (CSE: PACR) (“PacRoots”), a Canadian cannabis company dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach, today announced the closing of a share purchase agreement with 1088070 BC. LTD., a company existing under the laws of Canada ("1088") and Dave Jonkman and Norm Tapp (together, the "1088 Shareholders" and each, a "1088 Shareholder"). Under the agreement, PacRoots has acquired all of the issued and outstanding shares of 1088, which owns and controls nine parcels comprised of 250 acres of prestigious land in the Fraser Valley Region of British Columbia. "The addition of such a substantial…

WednesdaySep 16, 2020 12:17 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Continues Making ‘Great Strides Toward C-Store Strategy’

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 its flagship brand, Alkaline88(R), is now available in over 200 new convenience store locations and across seven Core-Mark distribution centers. “We continue to make great strides toward our c-store strategy and see strong demand for our single-serve offerings,” said WTER president and CEO Ricky Wright in the press release. “Our flagship brand, Alkaline88, is now available in seven Core-Mark distribution centers, giving us access to thousands of new c-stores across the United States. With Core-Mark representing…

WednesdaySep 16, 2020 11:00 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Partners with Chocolatier to Offer Cannabis-Infused Chocolates

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organically grown cannabis, has signed a letter of intent with Quebec-based Chocolatier to produce a new line of premium cannabis-infused, organic chocolate at its Valleyfield site. The new product line, part of TGOD’s strategic plans for expansion, will feature high-quality Belgian chocolate and organic gourmet ingredients. The announcement follows TGOD’s decision to transform its licensed Valleyfield facility into a processing hub to support its expanding product portfolio, reducing the company’s reliance on third parties and providing enhanced agility and increased quality control. "As we conducted a complete…

TuesdaySep 15, 2020 2:41 pm

CannabisNewsBreaks – Fresh Farms E-Liquid LLC Confirms PMTA Submission for Dozens of Quality Products

Fresh Farms E-Liquid, a global leader in both the vapor and CBD industries, today confirmed its September 6 submission of Premarket Tobacco Applications (“PMTAs”) to the Food and Drug Administration (“FDA”) prior to last week’s deadline of September 9, 2020. Fresh Farms, in working with key scientific partners to ensure the highest standards of analysis as well as Keller and Heckman LLP’s world-class legal team, fully expects acceptance of its submission to move on to the substantive scientific review phase with the FDA. Fresh Farms’ submission encompasses dozens of products as it seeks FDA approval to continue offering its extensive…

TuesdaySep 15, 2020 1:37 pm

CannabisNewsBreaks – Fibonacci Brands Announces Acquisition of Darwin as Its Foundation Brand

Fibonacci Brands, a trusted player in the rapidly expanding international cannabis industry with a vision to create a house of world-class brands, today announced its acquisition of Darwin from Harvest Health and Recreation as its foundation brand. “We are thrilled with the opportunity to execute the vision of Darwin: to reintroduce humanity to cannabis, with integrity, so everyone can ‘Enjoy with Confidence,’” said Fibonacci Brands founder James George in the press release. “We thank everyone who has supported Darwin over the years, and we are excited to evolve our products to make Darwin even more accessible to the cannabis community.”…

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