CannabisNewsBreaks Archive - CannabisNewsWire

FridayAug 17, 2018 1:39 pm

CannabisNewsBreaks – Agritek Holdings, Inc. (AGTK) Requests Form 10-Q Report Extension for Fiscal Period Ended June 30, 2018

Cannabis-focused real estate investment company Agritek Holdings, Inc. (OTCQB: AGTK) yesterday announced its filing of an extension in order to properly file its Form 10-Q for the period ended June 30, 2018. Per the update, the company attributes the delay to multiple new corporate developments, including recent debt consolidation and related financings aimed at increasing asset value. “We have every intention of filing our 10Q Report and have always remained fully reporting over the last several years to maintain our uplisting on the OTCQB,” B. Michael Friedman, CEO of Agritek, stated in the news release. “Management is working diligently with…

WednesdayAug 15, 2018 2:29 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Technology Continues to Demonstrate Versatility

Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP) is the developer of a disruptive drug delivery platform, DehydraTECH™, that the company out-licenses to entities aiming to deliver healthier ingestion methods of cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (NSAIDs), nicotine and other molecules. An article discussing the company’s technology reads: “Lexaria Bioscience Corp.’s (CSE: LXX) (OTCQX: LXRP) patented DehydraTECH™ drug delivery platform has already received some eight patents granted and nearly 50 pending worldwide, and the company has applied for one more to the USPTO. This is because, in lab studies, the proprietary technology has shown evidence of transporting active pharmaceutical ingredients (APIs) across…

WednesdayAug 15, 2018 2:22 pm

CannabisNewsBreaks –The Flowr Corp. Secures Sales License from Health Canada

The Flowr Corp., a cultivator of premium cannabis in Canada, recently announced that it has received its sales license from Health Canada enabling the company to sell to the Canadian medical and adult-use recreational markets. Initially, Flowr will offer two brands: FlowrRx and Flowr. FlowrRx is a premium quality medicinal cannabis that empowers patients to live improved, fuller lives. The company’s premium recreational adult-use brand, Flowr, will serve the recreational market when it opens in October. “We’re pleased to have successfully completed the rigorous Health Canada sales licensing process and are excited to begin offering consumers and patients the high-quality…

WednesdayAug 15, 2018 12:13 pm

CannabisNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) and WeedMD Inc. (TSX-V: WMD) (OTC: WDDMF) (FSE: 4WE) Ink Definitive JV Agreement to Develop Cannabis Beverages Inc.

Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF), together with WeedMD (TSX-V: WMD) (OTC: WDDMF) (FSE: 4WE), this morning announced that the companies have signed a final definitive Joint Venture (“JV”) agreement to develop and operate Cannabis Beverages Inc. (“CanBev”). The strategic partnership positions CanBev as an early mover in the cannabis-infused beverage market, with each company retaining 50% each of the Class A shares in the new company. CanBev’s Board of Directors will be comprised of five individuals, two nominated by each company and one independent director. The partners have agreed to fund capital requirements of CanBev equally, beginning with initial…

WednesdayAug 15, 2018 11:25 am

CannabisNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Inks Licensing Agreement with Asterion Cannabis; Engages Monster Media to Provide IR Services

Health sciences company PreveCeutical Medical (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced that it has signed an agreement with Asterion Cannabis Inc. to acquire a worldwide license to use, manufacture, distribute and sell three Health Canada approved natural health products. Per the terms of the licensing agreement, Asterion has granted PreveCeutical a non-exclusive license to use Asterion's intellectual property to make or have made, use, distribute, sell, offer to sell and promote the products in exchange for a royalty fee payable to Asterion equaling 20% of the gross sales. The licensing agreement’s initial term is five years and…

WednesdayAug 15, 2018 11:18 am

CannabisNewsBreaks – Earth Science Tech, Inc. (ETST) Announces Initiation of Up-Listing Process

Earth Science Tech, Inc. (OTC: ETST), an innovative biotech company focused on the cannabidiol (“CBD”), nutraceutical and pharmaceutical fields, this morning announced that it has initiated the up-listing process through the OTCQB Venture Market in anticipation of approval of its Form 10 registration statement. Per the update, when the SEC declares the company’s Form 10 registration statement effective, ETST will become a fully reporting company under the Securities Exchange Act of 1934, as amended. “We decided to initiate the up-listing process in anticipation of approval of our Form 10 Registration Statement, so the up-listing process would be partially completed when…

WednesdayAug 15, 2018 10:39 am

CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Acquires Fitamins CBD Brand, Distribution Network

Cannabis Strategic Ventures (OTC: NUGS) this morning announced that it has signed a definitive agreement to acquire the Fitamins CBD brand. Per the terms of the agreement, Fitamins will distribute its vitamin and hemp derived CBD formulations to its network of 600+ wholesalers catered to the Asian-American market. Fitamins will also produce a proprietary CBD product as part of Cannabis Strategic’s brand portfolio, primarily targeting the United States’ distribution networks first and ultimately growing into other Asian markets that have legalized CBD products. “We have selected Fitamins because of its substantial distribution network and because of the import/export and marketing…

WednesdayAug 15, 2018 10:21 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Signs Premier San Diego Dispensary to MTrac Payment Platform

Global Payout, Inc. (OTC: GOHE) this morning announced that it has successfully signed and commenced implementing one of San Diego’s premier dispensaries, The Healing Center (THC), and expects to go live with MTrac by the end of this week. Per the update, the MTrac team has already held its first training session with the THC staff and will remain on site to promote MTrac and engage the THC client base directly. “We are experiencing a very strong momentum in our local market based on our team’s incredible effort to get our message out to the industry,” Aaron Adler, CRO of…

WednesdayAug 15, 2018 9:29 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Announces Filing of Second Quarter Results

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) this morning announced the filing of its financial and operational results for the second quarter of fiscal 2018 ended June 30, 2018. Among the highlights, the company successfully completed a record-breaking initial public offering on the Toronto Stock Exchange, raising gross proceeds of $132 million; expanded its shareholder base from 4,000 to over 20,000; and continued to make strong progress on the construction of its facilities in Ancaster, Ontario, and Valleyfield, Quebec. “We are pleased with the accomplishments we have made in such a short…

TuesdayAug 14, 2018 9:59 am

CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Subsidiary Starts Production of Halo Filters

Cannabis Strategic Ventures (OTC: NUGS) this morning announced that its wholly-owned subsidiary, Pure Applied Sciences, has commenced production of its Halo Filters. Based on an internally developed filtering technology, Halo Filters are a patent pending, cannabis smoke filtration pre-rolled cone. The filters lower the levels of harmful chemicals, heavy metals and other toxins, while preserving ideal taste and cannabinoid levels. "We're extremely pleased with the progress of Halo Filters and excited for the upcoming product launch. Our teams have been working very hard to get the product to market," Cannabis Strategic CEO Simon Yu stated in the news release. "Consumers…

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