NewsRoom Articles - CannabisNewsWire

TuesdayFeb 19, 2019 4:20 pm

420 with CNW – Demand Soars as UK Customers Fear CBD Drinks Ban

The Food Standards Agency (FSA) in the UK has triggered panic buying after it announced that CBD drinks fall under the “novel” products category as stipulated by the EU. This classification means that such “novel” products can only be available for sale after being tested and approved. 2018 saw an explosion of CBD-based products on the UK market. These included CBD chocolates, sweets, cakes and even pet products. All these products hit the market amidst a rise in the popularity of CBD. However, January saw the FSA vowing to exert more control over CBD products on the market. It called…

TuesdayFeb 19, 2019 11:23 am

Leadership Changes to Help Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) Become a Leading Cannabis Formulation Company

Early December 2018, Sproutly announced that Bryan Semkuley would be joining the company as new president Previously, former Pernod executive Constantine Constandis joined the advisory board, and seasoned beverage executive Michael Bellas joined the board of directors Sproutly plans to solidify its leading position through commercial cultivation, the establishment of new channel relationships and innovative product development An expansion of its leadership team is one of the steps that Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) has undertaken to solidify its top position as a cannabis beverage formulation company. In December 2018, Sproutly announced that Bryan Semkuley would…

TuesdayFeb 19, 2019 10:51 am

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Clinches Deal to Supply Canada’s Largest Province

First provincial supply agreement signed with Ontario Planned production of 17,500 kg annually at 166,000 sq. ft. Ontario facility Planned production of 185,000 kg annually on 1.31 million square feet in Quebec The agreement signed by The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) to supply cannabis to the Ontario Cannabis Retail Corporation marks another milestone on the company’s journey toward becoming the world’s leading organic cannabis brand (http://cnw.fm/V3fC9). Now, TGOD’s high quality certified organic cannabis, which is grown in living soil, will be made available to the eight million adults over 19 who live in Ontario, Canada’s largest…

TuesdayFeb 19, 2019 10:02 am

GrowGeneration Corp. (GRWG) Advances Roll-Up Strategy with Acquisition of Certain BWGS Assets

GrowGeneration continues to target cannabis growers with asset acquisition U.S. cannabis market projected to reach $23 billion by 2020 GrowGeneration now operates from 21 locations in eight states Plans in place to open additional locations in California, Michigan, Missouri, Nebraska, New Jersey, Oklahoma, Oregon and Pennsylvania With its acquisition of certain assets of BWGS, LLC ("BWGS"), a large domestic wholesaler of indoor, hydroponic, and organic horticultural supplies, GrowGeneration Corp. (OTCQX: GRWG) advances its “roll-up” consolidation strategy in the national hydroponic grow supply industry. GrowGeneration, one of the largest chains of specialty hydroponic and organic garden centers, with 21 locations serving…

TuesdayFeb 19, 2019 9:00 am

Savvy Companies Make Acquisition Moves in Booming Cannabis Industry

CannabisNewsWire Editorial Coverage: As the cannabis sector consistently shows impressive growth, acquisitions within the market allow cannabis companies to develop greater vertical integration. Cannabis companies are looking to acquire other organizations to strengthen specialist knowledge and skills. Similar moves have led to impressive success in industries such as coffee production. The strength of the cannabis market is also attracting other additional investment. Youngevity International Inc. (NASDAQ: YGYI) (YGYI Profile) is following the vertically integrated model, having recently acquired a company specializing in cannabis processing machinery. Canopy Growth Corporation (NYSE: CGC) finalized an all-cash transaction to acquire one of the world’s most…

FridayFeb 15, 2019 10:38 am

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Accepts Option to Buy Major California Site for Cannabis Operations

TransCanna Holdings has acquired an option to buy a Northern California site with a 196,000-square-foot facility and room for a potential 400,000-square-foot addition The existing facility has undergone $8 million in cannabis production-potential upgrades The company is contemplating the possibility of using the site for cannabis transportation, extraction, manufacturing, bottling, cultivation and nursery operations Emerging cannabis branding, transportation and distribution company TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) continues to actively develop its market profile for 2019 after recently accepting a Northern California real estate option agreement from the company’s CEO. The 6.5-acre site has a 196,000-square-foot facility, as well…

FridayFeb 15, 2019 4:20 am

420 with CNW – EU Parliament Votes to Support Medical Cannabis

On Wednesday (February 13), the European Union Parliament passed a resolution that will help to advance research into medical cannabis within the EU. This resolution comes hot on the heels of a recommendation by the World Health Organization (WHO) to reschedule cannabis internationally. While the resolution passed in the EU Parliament isn’t binding, it provides encouragement to EU member states to increase their citizens’ access to medical marijuana. The resolution also calls on member countries to prioritize research and clinical studies on marijuana. This resolution passed by the EU Parliament provides yet another voice in support of medical marijuana. The…

ThursdayFeb 14, 2019 4:20 pm

420 with CNW – Green Growth Brands Set to Open CBD Shops across the US

Green Growth Brands, a cannabis company headquartered in Ohio, has partnered with Simon Property Group to open at least 100 CBD shops in malls across the U.S. Simon Property Group is the biggest owner of malls in the U.S. John Rulli, the President of Simon Malls, revealed in a press statement that the shopping experience provided by Green Growth Brands was exactly what they are constantly on the lookout for, and that was why they were adding GGB shops in the malls owned by Simon Property Group. The two entities intend to work together to open a minimum of 108…

ThursdayFeb 14, 2019 2:23 pm

Green Hygienics Holdings Inc. (GRYN) Maintains Position in Cannabis Markets through High Grade Product and Hydroponic Innovation

Green Hygienics Holdings is well-positioned to meet the growing global demand for both medical and recreational cannabis The company’s multi-pronged approach involves making strategic acquisitions, cultivating the highest quality product and creating trusted global brands By utilizing aeroponic technology, the company’s crop yields are maximized using 90-95 percent less energy than competitors Green Hygienics Holdings Inc. (OTCQB: GRYN), a full-scope, premium cannabis cultivation company, is becoming an industry leader through its strategic development approach, which focuses on harvesting the highest quality product by using the latest advancements in agricultural science. Green Hygienics Holdings, which targets the high-end medical and adult…

ThursdayFeb 14, 2019 1:53 pm

Marijuana Company of America Inc. (MCOA) Promotes Brand During Super Bowl and Hollywood Events

February events have and will continue to provide the company with opportunities to increase its recognition amid Super Bowl and pre-Academy Awards gatherings Marijuana Company of America Inc. upgraded its market tier to the OTCQB Venture Exchange in December The company is aggressively pursuing a strategy of building a following for its hemp products by marketing to celebrities and pro athletes Amid the rise of the cannabis industry and the high degree of attention that consumers and investors alike are paying to the varied applications of the plant and its derivatives, Marijuana Company of America Inc. (OTCQB: MCOA) is raising…

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