CannabisNewsBreaks Archive - CannabisNewsWire

FridayJan 17, 2020 2:16 pm

CannabisNewsBreaks – HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) Slated for Success as Key Advancements Anticipated for Cannabis Industry in 2020

HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), a hemp-biomass processing entity, recently entered into a share and purchase agreement with Starling Brands Inc. to acquire Starling’s subsidiary Kase Farma Inc., a company authorized to work with hemp cultivation, extraction, refining, formulation and distribution in California (http://cnw.fm/uMc95). A recent article discussing the company reads, “Starling executives anticipate that 2020 may be the biggest year ever for hemp and cannabis policy reform in the United States, given recent changes in the regulatory landscape such as the 2018 Farm Act’s passage by Congress and the president, the SAFE Banking Act’s passage by the House of…

FridayJan 17, 2020 2:05 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Focuses on Offering Premier, Dosable Cannabis Products

Plus Products (CSE: PLUS) (OTCQB: PLPRF), a hemp and cannabis food company using nature to bring balance to consumers’ lives, is concentrating on producing edibles using extracts to ensure compliant, dosable and tasty products that provide a reliable cannabis experience. An article discussing the company reads, “In California, PLUS has established its iconic product: PLUS Gummies (cannabis infused). Its Plus Uplift Sour Watermelon was the best-selling cannabis product in California in 2019. . . . Of note to investors is that Plus Products is centered on quality growth in California and beyond. Its emphasis is on thoughtfully building a brand…

FridayJan 17, 2020 1:16 pm

CannabisNewsBreaks – technical420 Highlights Potential Acquirers, Acquisition Targets as 2020 Shapes to be a Bounce-Back Year for Cannabis M&A

A recent editorial by Anthony Varrell of technical420 reviews a slowdown in merger and acquisition (M&A) activity in the cannabis sector during the last year and its expected positive trend and bounce back in 2020 and moving forward. The article highlights three companies thought to be potential acquirers, including Canopy Growth (TSX: WEED) (NYSE: CGC), MediPharm Labs (TSX: LABS) (OTCQX: MEDIF) and Jushi Holdings (CSE: JUSH), as well as companies technical420 believes could be potential acquisition targets, including Stem Holdings (CSE: STEM) (OTCQX: STMH), Fire & Flower Holdings Corp. (TSX: FAF) (OTC: FFLWF) and WeedMD (TSX.V: WMD) (OTCQX: WDDMF). “Several…

FridayJan 17, 2020 10:53 am

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Rescinds Agreement, Considering Opportunities it Views as Superior

Sugarmade (OTCQB: SGMD), today announced the rescission of an agreement to acquire a hydroponic equipment supplier and, in a filing with the U.S. Securities & Exchange Commission, outlines that approximately 1.2 billion common share equivalents will be returned to the company’s treasury. According to the update, Sugarmade’s board of directors has determined that the business combination is no longer viewed as the best shareholder maximization strategy and is considering numerous other opportunities that it believes are superior. “The hydroponic transaction was proposed more than two years ago and since that time the industry has changed significantly. Simply Put - We…

FridayJan 17, 2020 9:27 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Provides Update on Portfolio Companies

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, this morning provided an update regarding recent announcements from its portfolio companies High Beauty, Inc., TerrAscend Corp. (CSE: TER), YSS Corp. (TSX.V: YSS) and James E. Wagner Cultivation Corp. (TSX.V: JWC) (OTCQX: JWCAF). Per the update, High Beauty will remember 2019 as the year it expanded its retail presence across the U.S., Canada, and Europe. YSS Corp. and James E. Wagner Cultivation Corp. are currently assessing opportunities to increase their retail footprint in Canada, while TerrAscend is taking steps to build out its U.S. operations in 2020.…

ThursdayJan 16, 2020 10:44 am

CannabisNewsBreaks – technical420 Highlights Five Emerging Must-Watch Cannabis Markets

A recent editorial by Anthony Varrell of technical420 reviews five emerging cannabis markets suggested as “need-to-watch” for investors in 2020. These include Colombia, Uruguay, Australia, Israel and China. The publication also highlights companies that are laser-focused and positioning for opportunity within these markets, including Chemesis International Inc. (CSE: CSI) (OTCQB: CADMF) (FRA: CWAA) and its wholly owned subsidiary La Finca, Aurora Cannabis (TSX: ACB) (NYSE: ACB) and its ICC Labs, Aleafia Health (TSX: ALEF) (OTCQX: ALEAF) and CannaPacific, Tilray, Inc. (NASDAQ: TLRY) and Canndoc Ltd., a wholly owned subsidiary of InterCure Ltd. (OTC: IRCLF) (TASE: INCR), as well as Canrim…

ThursdayJan 16, 2020 9:53 am

CannabisNewsBreaks – MCTC Holdings, Inc. (MCTC) Launches Project Varin to Develop New Delivery Systems for THC-V

MCTC Holdings (OTC: MCTC), a cannabinoid science forward company developing unique infusion technologies and cannabinoid delivery systems, today announced Project Varin, a program to develop new delivery systems for Tetrahydrocannabivarin (“THC-V”). According to the update, THC-V is becoming known within the cannabinoid sciences arena as the "Skinny Cannabinoid" due to its purported appetite suppression qualities and potential use as a treatment against obesity-associated glucose intolerance. “THC-V is so rare and difficult to obtain, it is currently valued at around $500,000 per kilogram, which is approximately ten times the price of gold. In order for the marketplace to utilize this potentially…

ThursdayJan 16, 2020 9:18 am

CannabisNewsBreaks – Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) Boosts Consumer Access to Quality Medical Cannabis Products via Supply Agreement

Organigram Holdings (TSX: OGI) (NASDAQ: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, today announced that it has entered a supply agreement with Medical Cannabis by Shoppers, the online medical cannabis platform by Shoppers Drug Mart Inc. The agreement, which is comprised of a three-year term subject to renewal for an additional two years, highlights Organigram’s commitment to provide Canadian consumers access to quality medical cannabis products. Per the terms of the agreement, Organigram will provide Shoppers with a broad array of products such as dried flower, oils and other products as they become available…

WednesdayJan 15, 2020 11:54 am

CannabisNewsBreaks – technical420 Highlights Three Cannabis Stocks it Believes are Well Positioned to Rebound from 2019 Vape Crisis

A recent articlel by Anthony Varrell of technical420 reviews the 2019 vaping health crisis that put tremendous pressure on the entire sector, as well as companies believed to be well positioned to rebound. These include 1933 Industries (CSE: TGIF) (OTCQX: TGIFF), Aurora Cannabis (TSX: ACB) (NYSE: ACB) and Vext Science (CSE: VEXT) (OTCQX: VEXTF). “During the last few years, we have been closely following the vape market and have been identifying leaders in the high-growth vertical. During this time, we have seen public companies come in and consolidate the vape market and have been favorable on this trend,” Varrell writes.…

WednesdayJan 15, 2020 10:40 am

CannabisNewsBreaks – Grapefruit Boulevard Investments, Inc. (IGNG) Enters Reseller LOI with Pacific Banking Corp.

Grapefruit Boulevard Investments (“GBI”), a licensed and fully compliant California based cannabis distribution and manufacturing company and a wholly owned subsidiary of Imaging3, Inc. (OTCQB: IGNG) (collectively “Grapefruit”), today announced its entry into a non-binding reseller letter of intent (“LOI”) with Seattle, Washington based Pacific Banking Corp. (“PBC”). Under the agreement, Grapefruit will market PBC’s unique, innovative and compliant banking services to properly licensed and compliant cannabis and hemp companies in Southern California which meet certain PBC qualitative criteria and metrics. “Our relationship with Mr. Costello grew to the point that on or about September 11, 2019, we appointed him…

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