Manufacturing News

04/03/2020 - 9:10am
Passion for Medical Cannabis Fuels AAA Pharmaceutical Alternatives’ Transition to Maine’s Adult-Use Market: The Starting Line
(Cannabis, CBD, Maine, Manufacturing, Medical Marijuana, Products, Testing, United States, Vertically Integrated, THC, Pharmaceuticals, Cultivation) As a medical cannabis patient and caregiver, Aaron “Roy” Scalia understands the power cannabis has to benefit those who are suffering.After sustaining a brain injury in a motorcycle accident in 2002, Scalia turned to medical cannabis during his recovery, and in 2015, he founded AAA Pharmaceutical Alternatives as a licensed medical caregiver to serve patients in central Maine.“Through the use of CBD and THC, I’ve been able to really cope with everything that I’ve been faced with and because of that, I’m able to help others,” Scalia tells Cannabis Business Times. “People can relate because they may have had an accident or they’ve been through trauma in their lives, [and] we can share our stories. … I can talk about things that helped me and a lot of times, it helps them.”When Maine voters legalized adult-use cannabis in 2016, Scalia saw it as an opportunity to expand his reach beyond the state’s registered patient base.“We’ve been servicing people in the medical marijuana care industry...
http://www.cannabisbusinesstimes.com/Article/aaa-pharmaceutical-alternatives-tra…
04/02/2020 - 5:00pm
Infographic: Odorless Cannabis the Latest in Cultivation Technology
(Cannabis, CBD, Development, Exploring, Growing, Investing, Investment, Investors, Legalization, Manufacturing, Medical Marijuana, Production, Products, Recreational, Research, Recreational Cannabis, Pharmaceuticals, Cultivation, Security) CannabCo believes its PureCann technology has the potential to create a new odorless cannabis segment within the cannabis industry. As the legalization of cannabis continues to open up new markets, the global cannabis marketplace is projected to grow to reach US$73.6 billion by 2027, according to Grand View Research . The medical segment of the cannabis market grew the most in 2019, growing by 71 percent as cannabis was embraced as a legitimate medical product for treating conditions including cancer, arthritis, Parkinson’s disease, Alzheimer’s disease, chronic pain and inflammation. The emergence of cannabis as both a recreational product and a critical component of a number of medicines has contributed to the increase in research and development conducted in the cannabis space. While cannabidiol and the emergence of CBD-based treatments have dominated the medical cannabis segment, the recreational cannabis space has begun to experience its own influx of improvements as legal...
https://investingnews.com/innspired/infographic-odorless-cannabis-latest-in-cann…
04/02/2020 - 8:16am
CBDS
 Cannabis Sativa, Inc. (CBDS) Names Stitch Duran As a Brand Ambassador
(Acquisition, Branding, Cannabis, Cannabis Sativa, Inc, CBD, CBDS, Consulting, Investments, Management, Manufacturing, Marketing, Packaging, Production, Products, Science, Stocks, Subsidiaries, Testing, Licensee, Patents, Intellectual Property) Stitch Duran Named Brand Ambassador for Cannabis Sativa Brand CBD Science Cannabis Sativa, Inc. (CBDS) is proud to announce signing legendary cut-man and combat sports veteran Jacob “Stitch” Duran as Brand Ambassador for the CBD Science brand. Stitch will be instrumental in launching “Stitch Premium Cut Cream”, designed to help accelerate the healing process and anecdotally minimize scarring. “When Jay Timm contacted me about the cut cream, I said, let’s test it with Bare Knuckle fighters! We did and the results have been tremendous”. I can’t wait to see Stitch Premium Cut Cream used world-wide” Stitch said. Stitch Duran’s career in combat sports spanned 35 years, working with world champion brothers, Wladamir and Vitali Klitschko, Andre Ward, GGG, Chris Algeri and recently with Tyson Fury, as well as MMA super stars including Brock Lesnar, Nick and Nate Diaz, Anderson Silva, and George St. Pierre. As an actor, Stitch played himself in the movies “Play it to the Bone” with Woody...
https://marijuanastocks.com/cbds-names-stitch-duran-as-a-brand-ambassador/
04/02/2020 - 8:09am
SPRWF
The Supreme Cannabis Company, Inc. (SPRWF) Completes First Shipment to Israel and Provides Corporate Update
(Canada, Cannabis, CBD, Compliance, Containers, Development, Events, Facilities, Food, Growing, Investments, Israel, Manufacturing, Medical Marijuana, Processing, Product Testing, Production, Products, Recreational, SPRWF, Stocks, Testing, Vaporizers, Cultivation) Supreme Cannabis Completes First Shipment to Israel and Provides Corporate Update The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (FIRE.TO) (SPRWF) (53S1.F) today announced the completion of its first international cannabis shipment from Canada into Israel . Supreme Cannabis partnered with Breath of Life International Ltd. (“BOL Pharma”), Israel’s largest and leading producer of medical cannabis and cannabis products, to offer Truverra-branded premium medical cannabis to patients in Israel . “This transaction represents a new international revenue opportunity for Supreme Cannabis and builds Truverra’s global medical brand in one of the most sophisticated medical cannabis markets in the world,” said Colin Moore , Interim President and CEO of Supreme Cannabis. “With the support of BOL Pharma, we navigated both Canada and Israel’s complex regulatory landscapes to achieve compliance with regulatory authorities in both countries, including Health Canada, the...
https://marijuanastocks.com/sprwf-completes-first-shipment-to-israel-and-provide…
04/02/2020 - 8:06am
NEPT, GSML
Neptune Wellness Solutions Inc. (NEPT) Obtains Health Canada Authorization
(Canada, Cannabis, Cannabis and Hemp, Development, Events, Extraction, Facilities, GSML, Hemp, Hemp Industries, Investments, Law, Manufacturing, NEPT, Neptune Wellness, Neptune Wellness Solutions Inc., North Carolina, Oils, Processing, Processing Facilities, Production, Products, Research, Seed Oil, Stocks, Tracking, United States, Extracts) Neptune Obtains Health Canada Authorization and is Fast Tracking FDA Registration to Commercialize Plant-Based Hand Sanitizers Neptune Wellness Solutions Inc. (“Neptune” or the “Company”) (NASDAQ: NEPT) (TSX: NEPT), is pleased to announce today it has received Health Canada authorization to commercialize natural, plant-based hand sanitizer products. The Company has also engaged with the National Research Council of Canada (NRC), Canada’s largest federal research and development organization, to support NRC’s efforts to facilitate the development, manufacturing and ultimately commercialization of solutions to meet COVID-19 related needs. Neptune will leverage its product formulation expertise to develop natural, plant-based sanitizers that effectively kills 99.9% of germs and bacteria, made with a specialized blend of essential oils and fruit extract. The product will be formulated at the Company’s production and processing facilities in Sherbrooke, Quebec and Conover, North Carolina,...
https://marijuanastocks.com/nept-obtains-health-canada-authorization/
04/02/2020 - 4:40am
CGC, CNPOF, TRSSF
TerrAscend Canada Inc, A Subsidiary Of Terrascend Corp (OTCMKTS:TRSSF), Enters A $80.5 Million CAD Loan Financing Accord With Canopy Growth Corp (NYSE:CGC)
(Canada, Cannabis, Canopy Rivers, CGC, CNPOF, Financing, Hemp, Manufacturing, Medical Marijuana, New Jersey, Processing, Products, TerrAscend, TerrAscend Corp, TRSSF, United States, Dispensaries, Cultivation) TerrAscend Canada Inc, a subsidiary of Canopy Rivers Inc (OTCMKTS:CNPOF), has entered into an $80.5 Million CAD loan financing agreement with Canopy Growth Corp (NYSE:CGC). As per the terms of the deal, Canopy Growth has received 17.8 million common shares purchase warrants from TerrAscend. Well-positioned to capitalize on opportunities CEO and President of Canopy Rivers, Narbe Alexandrian, said it shows the confidence in TerrAscend’s capability to implement the strategic mandate for domestic and international markets. He said the team at TerrAscend is well-positioned to leverage the flourishing opportunities in the regulated jurisdictions using its network and resources. Narbe is pleased with the support extended by Canopy Growth for its portfolio company – TerrAscend. Proceeds for general corporate purposes TerrAscend Canada will use the proceeds to fund the Canadian operations and for general corporate purposes. It will also use the funds to repay indebtedness and to support global...
https://mmjreporter.com/terrascend-canada-inc-a-subsidiary-of-terrascend-corp-ot…
04/02/2020 - 3:00am
Episode 76 - We Interrupt Our Regularly Scheduled Programming...
(Alcohol, California, Cannabis, Containers, Edibles, Facilities, Germany, Iceland, Illinois, Israel, Manufacturing, Media, Mexico, New York, Research, Social Media, Thailand, Tracking, United States, Washington, Dispensaries, Pharmaceuticals) ...to keep abreast of cannabis in the age of COVID. To keep this podcast relevant we'll be doing a series of shorter interviews with colleagues around the world, who speak personally and professionally about the challenges they're facing. In this episode we take you to Tel Aviv and Denver, where life has taken dramatic turns.In the last weeks COVID has had me on the run, physically and mentally. I know I’m no different than most of you. Some days I find myself glued to my screens -- going down the rabbit scroll I call it. Other days I’ll escape through movies and TV series – my latest distractions included The Valhalla Murders (if you’re a fan of Nordic noir crime thrillers this one will keep you in its grip for 6 hours. It’s set in Iceland, which looks like nowhere else on earth, so it’s a great visual, virtual vacation from HazMat gear and face masks) and Fabulous Fungi, if you’re interested in the healing powers of mushrooms, psychedelic and otherwise. I’m also meditating daily,...
https://www.spreaker.com/user/bravenewweed/episode-76-we-interrupt-our-regularly…
04/01/2020 - 6:20pm
Hemp Collective podcast episode 3: Knowledge of manufacturing regulations drive a quality hemp industry - Natural Products INSIDER
(Hemp, Manufacturing, Products, Regulations) Hemp Collective podcast episode 3: Knowledge of manufacturing regulations drive a quality hemp industry Natural Products INSIDER
https://naturalproductsinsider.com/media-assets/hemp-collective-podcast-episode-…
04/01/2020 - 6:18pm
Hemp Collective podcast episode 3: Knowledge of manufacturing regulations drive a quality hemp ...
(CBD, Hemp, Manufacturing, Products, Regulations) Tune into this podcast, where New Hope Network and Natural Products Insider dig into the most relevant topics related to hemp and CBD in order to ...
https://naturalproductsinsider.com/media-assets/hemp-collective-podcast-episode-…
04/01/2020 - 5:57pm
SPLIF, CLYXF, VMGI
Nutritional High Announces Financial Results for Second Quarter Ended Jan 31, 2020
(Acquisition, Banking, Brand Development, Branding, California, Canada, Cannabis, CLYXF, Colorado, Development, Distribution, Distributor, Edibles, Events, Extraction, Facilities, Growing, Investing, Investment, Law, Legalization, Management, Manufacturing, Media, Medical Marijuana, Nevada, Nutritional High International Inc., Oregon, Processing, Production, Products, Recreational, Regulations, Research, SPLIF, Subsidiaries, United States, Vaporizers, Vertically Integrated, VMGI, Washington, Dispensaries, Extracts, Security) Nutritional High International Inc. (“Nutritional High” or the “Company”) (CSE: EAT , OTCQB: SPLIF) is pleased to announce its financial results and business update for the second quarter ended January 31, 2020. All Figures in Thousands CAD, unless otherwise stated Green Therapeutics (Nevada) and Palo Verde (Colorado) financials are not consolidated in these results * Historically, revenue was derived from lease and interest income; beginning fiscal Q3 2018, the Company started to earn revenue from Cannabis sales Q2 2020 Financial Highlights: Revenue$3.1 million from the sale of cannabis related products, primarily generated from our distributor in California, Calyx Brands Inc. (“Calyx”). Q2 Revenue represents a decline of $3.5M vs prior quarter and $3.0M vs prior year, due to the termination of the distribution relationship between Calyx and a subsidiary of Plus Products Holdings Inc. Despite this lost business, Calyx continues to have a strong retail footprint of 600+ dispensaries...
https://investingnews.com/daily/cannabis-investing/nutritional-high-announces-fi…
04/01/2020 - 9:48am
TGIFF
1933 Industries Reports Second Quarter Financial Results for Fiscal Year 2020
(California, Cannabis, CBD, Colorado, Development, Distribution, Edibles, Events, Extraction, Facilities, Genetics, Growing, Hemp, Hemp Products, Investing, Law, Management, Manufacture, Manufacturing, Nevada, Processing, Production, Products, Recreational, Regulations, Strains, Subsidiaries, TGIFF, Topicals, United States, Vertically Integrated, Licensee, THC, Dispensaries, Recreational Cannabis, Cultivation) 1933 Industries Inc. (the “Company” or “1933 Industries”) (CSE: TGIF ) (OTCQX:TGIFF), a vertically integrated cannabis consumer packaged goods company, announces its second quarter 2020 (“Q2 2020”) financial results for the period ended January 31, 2020. All amounts expressed are in Canadian dollars. During Q2 2020, the Company successfully completed two capital projects that were its primary strategic focus: completion of its new Las Vegas cultivation facility and commencement of cultivation in such facility by its subsidiary, Alternative Medicine Association (AMA); and expansion of its cultivation and manufacturing operation to California under a management agreement with Green Spectrum Trading Inc. (“Green Spectrum”) to support its portfolio of consumer packaged goods and licensing partners. The projects spanned two quarters and required extensive capital expenditures and resources and are notable milestones for the Company. The Company also continued to attract premium brands as...
https://investingnews.com/daily/cannabis-investing/1933-industries-reports-secon…
04/01/2020 - 9:26am
NSPDF
Naturally Splendid to Launch Products on Amazon
(Acquisition, Bar, Beverage, Canada, Cannabis, Consulting, Development, Distribution, Edibles, Events, Extraction, Food, Foods, Growing, Hemp, Hemp Food, Hemp Foods, Investing, Management, Manufacturer, Manufacturing, Marketing, Media, Naturally Splendid Enterprises Ltd., NSPDF, Oils, Oregon, Products, Regulations, Testing, United States, Financial Services) Naturally Splendid Enterprises Ltd. (“Naturally Splendid”, “NSE” or “the Company”) (FRANKFURT:50N) (TSXV: NSP ) (OTC:NSPDF) is pleased to announce it has engaged AMZing Marketing Consulting to assist in expanding its e-commerce strategy. The expanded e-commerce strategy is in direct response to the rapidly changing purchasing habits of a wide segment of consumers. In this time of ‘physical distance’, on-line shopping has increased significantly and is expected to continue this trend. Company Branded products available on-line will include; Natera Hemp Foods(TM); Chii Hemp Foods(TM); and Natera Sport(TM) products such as the recently launched curcumin-based supplement, ProCurc(TM). E-commerce accounts have been established and inventory sent to Amazon for distribution. Naturally Splendid will provide updates as more Company Branded products become available at Amazon. AMZing Marketing CEO and founder Mr. Tim Wong states, “Naturally Splendid develops high- quality, nutritious, healthy...
https://investingnews.com/daily/cannabis-investing/naturally-splendid-to-launch-…
04/01/2020 - 8:20am
IMLFF
 InMed Pharmaceuticals Inc. (IMLFF) Announces Completion of Initial Phase 1 Clinical Trial
(Cannabis, CBN, Development, Events, IMLFF, InMed Pharmaceuticals Inc., Investments, Law, Management, Manufacturing, Netherlands, Production, Products, Stocks, Testing, Pharmaceuticals) InMed Announces Completion of Initial Phase 1 Clinical Trial of INM-755 CBN Cream in Healthy Subjects InMed Pharmaceuticals Inc. (“InMed” or the “Company”) (TSX:IN; OTCQX:IMLFF), a clinical stage pharmaceutical company developing medications targeting diseases with high unmet medical need and leading the way in the clinical development of cannabinol (“CBN”), today announced that all subjects participating in its 755-101-HV Phase 1 clinical trial have completed treatment and clinical evaluation. Study 755-101-HV is a randomized, vehicle controlled, double-blind, Phase 1 trial, examining the safety and tolerability of two strengths of INM-755 cream in 22 healthy adult volunteers over a 14-day treatment period. With treatment completed, InMed continues to anticipate reporting final study results in the second half of calendar 2020. “The end of the treatment phase is an exciting milestone and we now progress into sample analysis and data review,” said Alexandra Mancini , Senior Vice...
https://marijuanastocks.com/imlff-announces-completion-of-initial-phase-1-clinic…
04/01/2020 - 8:00am
TAUG
Tauriga Sciences Inc (OTCMKTS:TAUG) Applies For US Patent Application For Its Pharmaceutical Grade Of Tauri-Gum
(Cannabis, CBD, CBG, Hemp, Investors, Manufacturing, Media, Medical Marijuana, New York, Pharmaceutical Grade, Production, Products, Regulations, Social Media, TAUG, Tauriga Sciences Inc, United States, Patents, Pharmaceuticals, Intellectual Property) Tauriga Sciences Inc (OTCMKTS:TAUG) has applied for a provision US Patent application for its pharmaceutical-grade version of Tauri-Gum under the title “MEDICATED CBD COMPOSITIONS, METHODS OF MANUFACTURING, AND METHODS OF TREATMENT.” The company is developing a pharmaceutical-grade version of Tauri-Gum for nausea regulation. Sets a new record in generating e-commerce orders Tauriga has set a new record in generating e-commerce orders daily. It is strengthening its e-commerce business over the past few months. The company organized Exhibitor Booth in Brooklyn, New York, at the NY Traders Expo from March 7 to 9, 2020, to showcase its business plan and products to institutional investors and individuals. Tauriga has generated record weekly sales of $49.68 for each transaction through its e-commerce site for the period March 15 to 21, 2020. It is an increase of 49.10% when compared to the previous week. Completes payment for an initial production run of CBG Tauriga paid for the initial...
https://www.mmjobserver.com/tauriga-sciences-inc-otcmktstaug-applies-for-us-pate…
04/01/2020 - 1:12am
TRTC, ABT
Terra Tech Corp (OTCMKTS:TRTC) Reports Revenues Of $28.05 Million In 2019
(Abbott Laboratories, ABT, Cannabis, CBD, Development, Manufacturing, Medical Marijuana, Products, Stocks, Terra Tech Corp, TRTC, THC, Pharmaceuticals) Terra Tech Corp (OTCMKTS:TRTC) Reports Revenues Of $28.05 Million In 2019 Terra Tech Corp (OTCMKTS:TRTC) has posted revenues of $28.05 million in 2019. It is an increase of $7.89 million when compared to the previous year. The company has reported better results from the sale of herb products and the produce of Edible Garden, dispensary revenues ($3.71 million), and improved manufacturing operations. Adult-use and medical cannabis products CEO of Terra Tech, Matthew Morgan, said the cannabis market in 2019 experienced turbulence because of challenges posed by regulatory constraints and market volatility that restricted the operator’s ability to mobilize funds. However, Terra Tech continued its growth with adult-use and medical cannabis products in 2019. The company also began executing its strategy to merge with OneQor Pharmaceutical. Completes merger with OneQor Terra Tech has closed the merger with OneQor in early 2020. The merged entity is called Onyx Group Holdings. It will trade...
https://www.marijuanastocksreport.com/terra-tech-corp-otcmktstrtc-reports-revenu…
03/31/2020 - 4:00pm
For Platinum’s George Sadler, Cannabis Businesses Carry Great Responsibility as Essential Businesses During COVID-19 Crisis
(Banking, Batteries, California, Cannabis, China, Cleaning, Edibles, Manufacturing, Michigan, Oklahoma, Packaging, Products, United States, Dispensaries, Cultivation) After being deemed essential businesses in many states, cannabis companies have been busier than ever amid the COVID-19 pandemic, and product manufacturers like Platinum are no exception.Co-founder George Sadler says it’s business as usual for the California-based company, which produces vapes and edibles for sale in California, Michigan and Oklahoma.In early March, Platinum foresaw potential supply shortages for its vape cartridge hardware and batteries, which are produced in China. The company secured a large volume of these items from a United States-based supplier to avoid interruptions in the supply chain, which has proven to be a large advantage, Sadler tells Cannabis Business Times.“That was probably the most critical point for us, was the fact that we got into that early enough and were able to do that,” he says. “Other than that, our packaging is made right here in the U.S., [so] we don’t have the issue with that. As far as product goes, there aren’t any change because in the...
http://www.cannabisbusinesstimes.com/Article/platinum-george-sadler-cannabis-bus…
03/31/2020 - 11:25am
ACAN
Americann CEO Discusses Cannabis Tech Center, COVID-19 Impact
(ACAN, AmeriCann, AmeriCann, Inc., Cannabis, Cleaning, Facilities, Growing, Management, Manufacturing, Massachusetts, Processing, Recreational, Testing, United States, Vertically Integrated, Websites, Dispensaries, Soil, Cultivation) Vertically integrated operator Bask Inc. recently moved its cultivation operations to the new Massachusetts Cannabis Center (MCC), a high-tech cultivation and processing facility in Freetown, Mass. Bask entered into a 15-year joint venture with MCC’s owner, AmeriCann Inc., to cultivate and process cannabis in a 30,000-square foot building on the 52-acre site. MCC will eventually encompass 987,000 square feet of cannabis cultivation and processing infrastructure for the medical and adult-use cannabis marketplace. Americann, a developer of cannabis cultivation, processing and product manufacturing facilities, hopes to have up to 12 tenants when the project is completed. KeoughCannabis Business Times recently touched base with Americann President and CEO Tim Keogh to discuss how COVID-19 has impacted start-up plans. CBT will feature Americann and Bask in the upcoming May issue.When did Bask move into the facility?Bask began operations at the end of February, so their first harvest was...
http://www.cannabisbusinesstimes.com/Article/americann-bask-massachusetts-cannab…
03/31/2020 - 9:03am
Rocky Mountain High Brands Inc (OTCMKTS:RMHB) Commences Production Of California Lemonade, Rocket High, And Sabor Tea Negro: Expects To Ships 10 Trucks Tea
(Beverage, California, Cannabis, CBD, Connecticut, Drinks, Financing, Food, Foods, Gala Global, Inc., Hemp, Investments, Manufacturing, Medical Marijuana, Mountain High Acquisitions Corp., New Jersey, New York, Pennsylvania, Production, United States) Rocky Mountain High Brands Inc (OTCMKTS:RMHB) has commenced 360,000 can trial run of California Lemonade, Rocket High, and Sabor Tea Negro. It is as per the master manufacturing accord with CBD Life. A significant milestone for Rocky Mountain Chief Executive Officer and President of Rocky Mountain, Michael Welch, said the company achieved a significant milestone under its production accord with CBD Life. He further said the company commenced the normal production at its copacking facility. Rocky Mountain expects to ship ten trucks of California Lemonade, Rocket High, and Sabor Tea Negro from this initial production run. It is preparing for additional production runs soon. The product line of Rocky Mountain Energy drinks infused with hemp are developed for health-conscious people with active lifestyles. They are rich in fatty acids, amino acids, omega 3 acids, protein, vitamins (B6, B3, B1, B2, E, and D), and minerals (Zinc, Potassium, Magnesium, iron, Calcium, Phosphorous, and...
https://www.mmjobserver.com/rocky-mountain-high-brands-inc-otcmktsrmhb-commences…
03/31/2020 - 8:46am
VLNCF
The Valens Company Receives Conditional Approval to Graduate to the TSX
(Beverage, Canada, Cannabis, Cannabis and Hemp, Development, Edibles, Events, Extraction, Hemp, Investing, Investment, Investors, Law, Management, Manufacturing, Product Development, Products, Science, Testing, Topicals, Valens, Valens GroWorks, Valens GroWorks Corp, VLNCF) Valens GroWorks Corp. (TSXV: VLNS , OTCQX:VLNCF) (the “Company”, “Valens” or “The Valens Company”), a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, is pleased to announce it has received conditional approval from the Toronto Stock Exchange (“TSX”) to uplist from the TSX Venture Exchange (“TSXV”) to the TSX. “Graduating to the TSX represents a significant milestone in our efforts to broaden our appeal to a larger shareholder base and raise the company’s profile among the investment community,” said Tyler Robson, CEO of The Valens Company. “Coming off a record year of growth for the company, this uplisting will work to enhance the liquidity of our stock and enable us to continue building long-term shareholder value.” Final approval of the listing is subject to the Company fulfilling any remaining conditions as required by the TSX. The Company expects to satisfy all of the requirements and will issue a statement once a trading...
https://investingnews.com/daily/cannabis-investing/the-valens-company-receives-c…
03/31/2020 - 8:24am
CLS Holdings USA, Inc. (CLSH) Shares Corporate Response to COVID-19 and February Financial Results
(Cannabis, Consultations, Consulting, Consulting Services, Distribution, Events, Facilities, Growing, Investments, Law, Manufacture, Manufacturing, Monaco, Nevada, Processing, Processing Facilities, Production, Products, Regulations, Stocks, Subsidiaries, United States, THC, Dispensaries, Cultivation) CLS Holdings Shares Corporate Response to COVID-19 and February Financial Results of its Nevada Operations CLS Holdings USA, Inc. (CLSH)(CLSH)(“CLS” or “the Company”), a diversified, integrated cannabis producer and retailer, announced that the February 2020 gross profit of its Nevada operations increased by approximately 24% from last year, jumping from over $928,000 in February 2019 to $1.1 million in February 2020. Additionally, the Company’s Oasis subsidiary experienced a 129% increase in the number of customers served from 10,420 in February 2019 to 23,878 last month. CLS increased its gross profit by almost 64% and its gross margin by 32.2%, from 38.50% in February 2019 to 50.91% in February 2020. “CLS’ Nevada operations are in solid financial standing and our revenue is growing at a pace that allows us to continue all of our initiatives without the need for any additional capital infusion,” said Jeffrey Binder, Chairman/CEO “Our retail and manufacturing teams have taken...
https://marijuanastocks.com/clsh-shares-corporate-response-to-covid-19-and-febru…
03/31/2020 - 8:01am
Farmako GmbH, A Subsidiary Of Agraflora Organics International Inc (OTCMKTS:AGFAF), Applies For GMP Certification In Europe: Seeks Manufacturing and Import Authorization
(Canada, Cannabis, CBD, Distribution, Extraction, Germany, Hemp, Management, Manufacturing, Medical Marijuana, Products) Farmako GmbH, a wholly-owned subsidiary of Agraflora Organics International Inc (OTCMKTS:AGFAF), has applied for EU-GMP (EU Good Manufacturing Practice) Certification. It also applied for the manufacturing and import authorization (MIA), which is permitted under the German Medical Products Act. It expects that this summer will complete processes for EU-GMP and MIA. Commences cannabis medical products import Farmako can commence the import of medical cannabis products from outside EEC (European Economic Community) on obtaining MIA and GMP Certification. It allows Farmako to ensure availability of cannabis medical products and scale up distribution in EU and Germany. Germany established the highest standards in safety Chief Executive Officer of Farmako, Katrin Eckmans, said Germany has established the highest standards for ensuring the safety of the medical patients in the world. It also helps to improve trust to patients, pharmacists, and physicians. Therefore, it is a challenge for...
https://www.mmjobserver.com/farmako-gmbh-a-subsidiary-of-agraflora-organics-inte…
03/30/2020 - 8:12pm
CWBHF
Charlotte’s Web Has New COO
(CBD, Colorado, CWBHF, Development, Distribution, Events, Extraction, Facilities, Genetics, Hemp, Management, Manufacturing, Production, Products, Topicals, United States, Extracts, Pharmaceuticals) Colorado-based CBD maker Charlotte’s Web has named a new chief operating officer to replace Stephen Lermer, who left the company Jan. 31. The Boulder company said in a release that David Panter is its new COO, effective Monday. Charlotte’s Web said Panter has more than 20 years of “global supply chain experience” at businesses including Estee Lauder Company, Campbell Soup Co., and Tyco Healthcare/Covidien. Lermer left the company exactly one year after starting his job.Panter will report to Deanie Elsner, Charlotte’s Web CEO. Charlotte’s Web Holdings lost $18.8 million last quarter, a plunge of 688% from the same period in 2018. Charlotte’s Web trades on the Toronto Stock Exchange as CWEB . Colorado-based Charlotte’s Web hires new chief operating officer THE FULL PRESS RELEASE Charlotte’s Web Names David Panter as Chief Operating Officer NEWS PROVIDED BY Charlotte’s Web Holdings, Inc. Mar 30, 2020, 09:07 ET Market Leading Hemp-Derived CBD Brand Enters into Next Phase of Growth and...
https://cannabislaw.report/charlottes-web-has-new-coo/
03/30/2020 - 5:43pm
HEXO, EXL, TRSSF
The Daily Hit: March 30, 2020
(Acquisition, California, Cannabis, CBD, Delivery Systems, Development, Elixinol Global, EXL, HEXO, Manufacturing, Medical Marijuana, Pennsylvania, Product Development, Products, Research, Science, TerrAscend, TRSSF, United States, Vaporizers, Vaporizers, THC, Dispensaries, Cultivation, Intellectual Property) It’s time for your Daily Hit of cannabis financial news for March 30, 2020. On The Site Cronos Group Good luck making sense of Cronos Group Inc. ( CRON.TO ) ( CRON.TO ) 2019 fourth quarter and full-year business results. The company said it will restate its unaudited interim financial statements for the first, second and third quarters of 2019. The icing on the earnings cake was that it will also reduce revenue for the three months ending March 31, 2019, by C$2.5 million and the three months ended September 30, 2019, by C$5.1 million. HEXO HEXO Corp. (NYSE: HEXO) reported a staggering net loss of C$289 million for fiscal 2020 second-quarter ending January 31, 2020. The net revenue for Hexo increased by 17% to $17 million from $14.5 million in the first quarter. The earnings are reported in Canadian dollars. The loss from operations for the quarter was $289.4 million, compared with a loss of $60.6M in the prior period. The company said that excluding non-cash write-downs and impairment...
https://www.greenmarketreport.com/the-daily-hit-march-30-2020/
03/30/2020 - 11:09am
Hightimes Holding Corp. Signs LOI to Acquire Humboldt Heritage Inc.
(Acquisition, California, Cannabis, Cuba, Growers, Growing, Manufacturing, Processing, Products, Regulations, Subsidiaries, United States, Cultivation, Holding Company) LOS ANGELES, March 27, 2020 (GLOBE NEWSWIRE) -- PRESS RELEASE -- Hightimes Holding Corp., the owner of High Times , has announced the signing of an LOI to acquire the California-based cannabis holding company Humboldt Heritage Inc. and its subsidiaries Humboldt Sun Growers Guild and Grateful Eight LLC.This announcement comes just before the culmination of High Times Regulation A+ campaign, which has recruited over 26,000 shareholders before listing on the public markets.This acquisition provides High Times with cannabis growing, processing and product manufacturing capabilities direct from the most coveted cannabis community in the world, Humboldt County. Coupled with High Times' recent retail acquisitions, the resulting company will become one of the state’s largest vertically-integrated operators, and provide exclusive access to 18 unique Northern California-based brands including True Humboldt and leading cannagar producer Cuba Libre.“High Times mission is to connect consumers to...
http://www.cannabisbusinesstimes.com/Article/hightimes-holding-corp-to-acquire-h…
03/30/2020 - 10:18am
RAMM Pharma Corp. Announces Postponement of Filing of Interim Financial Statements
(Cannabis, Development, Distribution, Events, Investing, Law, Management, Manufacturer, Manufacturing, Product Development, Production, Products, Recreational, Regulations, Subsidiaries, Uruguay, Recreational Cannabis, Pharmaceuticals, Cultivation) RAMM Pharma Corp. (including its wholly owned subsidiaries, the “Company” or “RAMM”) (CSE: RAMM ), a leader in plant-derived cannabinoid pharmaceutical products, announces that pursuant to the blanket relief granted by the Canadian Securities Administrators it will not be filing its interim financial statements for the quarter ended January 31, 2020, and the related management’s discussion and analysis, as required by Parts 4 and 5 of National Instrument 51-102 – Continuous Disclosure Obligations (collectively, the “Interim Filings”) by the filing deadline of March 31, 2020. The Company expects to report results within the next two weeks, and is afforded a postponement up to a maximum 45-day extension pursuant to blanket relief for all market participants granted by the Canadian Securities Administrators. The Company’s primary focus during these difficult times is ensuring a safe and healthy environment for its workforce, and to continue to implement and enforce additional...
https://investingnews.com/daily/cannabis-investing/ramm-pharma-corp-announces-po…
03/30/2020 - 9:21am
Senate Housing Bill Would Prevent Evictions For State-Legal Marijuana Extraction
(Cannabis, Extraction, Growing, Law, Manufacture, Manufacturing, Medical Marijuana, Recreational, Extracts, Funding) A new congressional bill designed to promote affordable housing in the U.S. includes a provision that would prevent landlords from evicting people over manufacturing marijuana extracts if they have a license to do so. Under the legislation, filed earlier this month by Sen. Jeff Merkley (D-OR), there’s a list of “just causes for eviction” such as failure to pay rent or causing significant damage to a property. The “manufacture of a cannabinoid extract” is another cause for eviction, “unless the tenant holds a license to manufacture the cannabinoid extract under Federal, State, or Tribal law.” Curiously, however, the bill lacks any additional protections for other state-legal cannabis activities, including simple possession. It’s possible that a drafting error is to blame, but Merkley’s office did not respond to Marijuana Moment’s request for comment. Just above the manufacturing provision is another that states that “the unlawful manufacture, delivery, or possession of a controlled...
https://www.marijuanamoment.net/senate-housing-bill-would-prevent-evictions-for-…
03/30/2020 - 9:08am
FFNTF
4Front Ventures Announces Management Changes, Updated Capital Plan and Strong Business Performance
(4Front Ventures Corp., Acquisition, Arizona, Branding, California, Cannabis, Events, Facilities, FFNTF, Financing, Genetics, Illinois, Investing, Investment, Law, Legalization, Management, Manufacturing, Marketing, Massachusetts, Media, Monitoring, Production, Products, Regulations, Retail Stores, Software, United States, Washington, Wisconsin, Cultivation) 4Front Ventures Corp. (CSE: FFNT , OTCQX:FFNTF) (“4Front” or the “Company”) announced today that as part of its focus on continually increasing operational excellence, reducing capital and operating expenses, and achieving positive cash flow in the second half of 2020, a number of changes have been put in place. The Company also announced strong business trends, corporate overhead reductions and divestiture of non-core assets. In order to further the focus on operational excellence, the Company’s Board of Directors appointed Leo Gontmakher, previously Chief Operating Officer, to the position of Chief Executive Officer. Former CEO Josh Rosen, will transition to Executive Chairman of the Board of Directors. Nicolle Dorsey, former Executive Vice President of Finance will become the Company’s Chief Financial Officer, replacing former CFO Brad Kotansky. Mr. Gontmakher co-founded Northwest Cannabis Solutions, which under his leadership grew to be one of the largest and most successful...
https://investingnews.com/daily/cannabis-investing/4front-ventures-announces-man…
03/30/2020 - 9:02am
TGIFF
1933 Industries Marks the Beginning of Continuous Cultivation in Nevada with Second Harvest of Cannabis Plants Underway
(California, Cannabis, CBD, Colorado, Events, Extraction, Genetics, Growing, Hemp, Investing, Law, Management, Manufacturing, Nevada, Processing, Production, Products, Recreational, Regulations, Strains, Subsidiaries, Testing, TGIFF, Topicals, United States, Vertically Integrated, Lab Testing, Licensee, Dispensaries, Recreational Cannabis, Cultivation) 1933 Industries Inc. (the “Company” or “1933 Industries”) (CSE: TGIF , OTCQX:TGIFF), a vertically-integrated cannabis consumer packaged goods company, is pleased to announce that it has begun its second harvest of cannabis plants from its cultivation facility located in Las Vegas, marking the beginning of continuous harvests in Nevada. “This is an important milestone for our Company as we move into full production. We have spent several months optimizing the new Las Vegas facility, enhancing our genetics programme to develop varieties of strains and cultivars to meet the demands of our consumers and we are pleased with our progress to date. With the surge in demand during the COVID-19 pandemic, we are working closely with the dispensaries and responding to our clients’ needs. We will be utilizing the current harvest for the production of our AMA branded concentrates and for our licensed brands Blonde and Denver Dab Co.”, remarked Mr. Chris Rebentisch, 1933 Industries CEO. He added, “...
https://investingnews.com/daily/cannabis-investing/1933-industries-marks-the-beg…
03/30/2020 - 8:49am
TGIFF
1933 Industries Inc. (TGIFF) (TGIF.CN) Marks the Beginning of Continuous Cultivation in Nevada
(California, Cannabis, CBD, Colorado, Events, Extraction, Genetics, Growing, Hemp, Investments, Law, Management, Manufacturing, Nevada, Processing, Production, Products, Recreational, Regulations, Stocks, Strains, Subsidiaries, Testing, TGIFF, Topicals, United States, Vertically Integrated, Lab Testing, Licensee, Dispensaries, Recreational Cannabis, Cultivation) 1933 Industries Marks the Beginning of Continuous Cultivation in Nevada with Second Harvest of Cannabis Plants Underway 1933 Industries Inc. (the “Company” or “1933 Industries”) (TGIF.CN) (TGIFF), a vertically-integrated cannabis consumer packaged goods company, is pleased to announce that it has begun its second harvest of cannabis plants from its cultivation facility located in Las Vegas , marking the beginning of continuous harvests in Nevada . “This is an important milestone for our Company as we move into full production. We have spent several months optimizing the new Las Vegas facility, enhancing our genetics programme to develop varieties of strains and cultivars to meet the demands of our consumers and we are pleased with our progress to date. With the surge in demand during the COVID-19 pandemic, we are working closely with the dispensaries and responding to our clients’ needs. We will be utilizing the current harvest for the production of our AMA branded concentrates and...
https://marijuanastocks.com/tgiff-tgif-cn-marks-the-beginning-of-continuous-cult…
03/30/2020 - 8:46am
FFNTF
4Front Ventures Corp. (FFNT.CN) (FFNTF) Announces Management Changes
(4Front Ventures Corp., Acquisition, Arizona, Branding, California, Cannabis, Events, Facilities, FFNTF, Financing, Genetics, Illinois, Investing, Investment, Investments, Law, Legalization, Management, Manufacturing, Marketing, Maryland, Massachusetts, Media, Michigan, Monitoring, Pennsylvania, Production, Products, Regulations, Retail Stores, Software, Stocks, United States, Washington, Wisconsin, Cultivation) 4Front Ventures Announces Management Changes, Updated Capital Plan and Strong Business Performance 4Front Ventures Corp. (FFNT.CN) (FFNTF) (“4Front” or the “Company“) announced today that as part of its focus on continually increasing operational excellence, reducing capital and operating expenses, and achieving positive cash flow in the second half of 2020, a number of changes have been put in place. The Company also announced strong business trends, corporate overhead reductions and divestiture of non-core assets. In order to further the focus on operational excellence, the Company’s Board of Directors appointed Leo Gontmakher , previously Chief Operating Officer, to the position of Chief Executive Officer. Former CEO Josh Rosen , will transition to Executive Chairman of the Board of Directors. Nicolle Dorsey , former Executive Vice President of Finance will become the Company’s Chief Financial Officer, replacing former CFO Brad Kotansky . Mr. Gontmakher co-founded Northwest...
https://marijuanastocks.com/ffnt-cn-ffntf-announces-management-changes/
03/30/2020 - 7:59am
HEXO
Hexo Corp (HEXO) reports second quarter fiscal 2020 financial results
(Beverage, Canada, Cannabis, Distribution, Edibles, Events, Extraction, Facilities, HEXO, Investment, Investments, Law, Management, Manufacturing, Marketing, Media, Medical Marijuana, Monitoring, Packaging, Production, Products, Research, Stocks, Testing, Topicals, Extracts, Cultivation) HEXO Corp reports second quarter fiscal 2020 financial results Key Operating Highlights Net Revenue increased 17% to $17.0M from $14.5M in Q1 Adult-use grams and gram equivalents sold increased 57% to 6,579 kg compared to prior quarter Production levels increased to 22,305 kg from 16,107 kg in the previous quarter. Expanded Original Stash market distribution to Ontario, British Columbia and Alberta Obtained Phase 1 licence for Belleville facility Obtained sale of cannabis topicals, extracts, edibles and beverages licence for Gatineau facility, and a research licence for the Company Closed a $70M private placement of 8% unsecured convertible debentures, including key management and board participation of over 10% Closed two registered direct offerings totalling USD$45 Million OTTAWA, March 30, 2020 (GLOBE NEWSWIRE) — HEXO Corp. (TSX: HEXO; NYSE: HEXO) (“HEXO” or the “Company”) today reported its financial results for the second quarter fiscal 2020 ended January 31, 2020. All amounts...
https://marijuanastocks.com/hexo-reports-second-quarter-fiscal-2020-financial-re…
03/30/2020 - 5:02am
TRTC
Industrial Hemp Market comprehensive analysis, growth prospects and opportunities forecast 2026 | HempMeds Brasil, Terra Tech Corp, Industrial Hemp manufacturing LLC - Stop Smoking Lounge
(Hemp, Lounge, Manufacturing, Medical Marijuana Inc, Terra Tech Corp, TRTC, Industrial Hemp) Industrial Hemp Market comprehensive analysis, growth prospects and opportunities forecast 2026 | HempMeds Brasil, Terra Tech Corp, Industrial Hemp manufacturing LLC Stop Smoking Lounge
https://thestopsmokinglounge.com/business/67056/industrial-hemp-market-comprehen…
03/30/2020 - 5:01am
SING
SinglePoint, Inc. (OTCMKTS:SING) Unveils Hemp Seed Oil Infused Hand Sanitizer – Klen Hands To Combat Coronavirus
(Alcohol, CBD, Growing, Hemp, Manufacture, Manufacturing, Production, Products, Seed Oil, SING, Singlepoint, Singlepoint, Inc., United States, Washington) SinglePoint, Inc. (OTCMKTS:SING) has unveiled hemp seed oil infused hand sanitizer – Klen Hands to help people combat coronavirus. The company ensures shipment of hand sanitizer within ten days of receiving the confirmed order. Stay clean with hemp-infused hand sanitizer Hand sanitizer is vital to stay clean, hydrate, and get protected from coronavirus. SinglePoint has developed innovative hand sanitizers using hemp-based ingredients to prevent the spread of the deadly virus – coronavirus and safeguard the lives. It comprises hemp seed oil and 62% of ethyl alcohol to keep your hands clean. Manufacture of Klens Hands at Carlbads facility SinglePoint manufactures Klen Hands sanitizer at its Carlbads facility. It will fulfill the orders immediately and ship to the customer location. Chief Executive Officer of SinglePoint, Greg Lambrecht, said the company is working relentlessly to develop solutions for the technology and products to prevent the spread of COVID-19. It has deep ties to the...
https://mmjreporter.com/singlepoint-inc-otcmktssing-unveils-hemp-seed-oil-infuse…
03/30/2020 - 1:21am
WTCG
Cannabis Standards Rely on Transparency, Compliance and Collaboration
(Beverage, Canada, Cannabis, CBD, Compliance, Edibles, Education, Food, Growing, Law, Legalization, Manufacturer, Manufacturing, Marketing, Media, Packaging, Product Testing, Production, Products, Quality Control, Recreational, Research, Seed to Sale, Testing, Topicals, W Technologies, W Technologies, Inc., Websites, WTCG, THC, Pharmaceuticals, Cultivation) Authored By: Arundati Dandapani According to Vividata’s National Cannabis Consumer Study , 70% of consumers are not sure they know the difference between THC and CBD. Moreover, quality remains the top criterion in selecting a cannabis product for purchase. How are companies setting the standards for quality and how are we researching consumers to understand their experiences with cannabis products accurately and ethically? This post explores the manufacturing and research standards to consider when conducting research studies with cannabis. Product Quality in Manufacturing At an HIV Community Cannabis Education event held in Toronto, a cannabis company proudly declared their company had not had a single product recall to date. Product recall happens when a product is defective, damaged or does not meet the customer’s expectations causing the product to be called off the shelf. This “zero recall” standard, the team said, was attributed to the fact that their cannabis product standards...
https://cannabislaw.report/cannabis-standards-rely-on-transparency-compliance-an…
03/30/2020 - 1:05am
Charlotte’s Web Reports $18.8M Q4 Loss, Executives Discuss Challenges and the Future
(Alcohol, California, Canada, Cannabis, Consultants, Containers, Development, Extraction, Facilities, Food, Hawaii, Law, Manufacture, Manufacturing, Packaging, Production, Products, Regulations, Stocks, Topicals, Training, United States, Vertically Integrated, Dispensaries, Security) Charlotte’s Web Reports $18.8M Q4 Loss, Executives Discuss Challenges and the Future In the wake of the COVID-19 global pandemic, U.S. and Canadian cannabis companies have a unique opportunity to aid those in need. Not only are their cannabis products increasingly being deemed essential by governments—but they also have the facilities, personnel and protocols already in place to fill the desperate need for medical supplies. These three companies are using those advantages to help their communities. Aloha Green Apothecary Photo courtesy of Aloha Green Apothecary In Hawaii, Aloha Green Apothecary is producing hand sanitizer for its employees and patients, with plans to ramp up production as much as possible to donate hand sanitizer to other businesses and organizations in the state. “We’re just trying our best to meet our patients’ needs and follow the law with all the changes in law that the government is laying down,” Tai Cheng, a spokesperson for Aloha Green Apothecary, told Cannabis...
https://www.marijuanastocksreport.com/charlottes-web-reports-18-8m-q4-loss-execu…
03/29/2020 - 9:17pm
Curaleaf On Upward Trend ?
(Acquisition, Arizona, California, Canada, Cannabis, Connecticut, Consultants, Deals, Development, Events, Facilities, Financing, Florida, Investments, Investors, Jordan, Law, Legalization, Management, Manufacturing, Marketing, Maryland, Massachusetts, Media, Medical Marijuana, Nevada, New York, Ohio, Oregon, Organic, Pennsylvania, Processing, Processing Facilities, Production, Products, Regulations, Research, United States, Utah, Vertically Integrated, Dispensaries, Cultivation, Intellectual Property) According to their latest figures and they say they are hiring too. “In fiscal 2019, the Curaleaf team delivered record results with our organic business growth and recent strategic acquisitions, solidifying our position as the leading cannabis operator in the United States,” CEO Joseph Lusardi said in a statement. Here’s what they are saying American cannabis operator Curaleaf Holdings, Inc. (CSE: CURA) reported record fourth-quarter revenue while also starting a hiring spree due to increased demand amid the COVID-19 crisis. The Massachusetts-based pot giant released its financial results Tuesday for the fourth quarter and full year ended Dec. 31, reporting record total revenue of US$75.5 million, and US$221 million, respectively. Fourth quarter revenue grew 22 per cent from the previous three-month period, which helped the company post a record adjusted EBITDA of US$13.8 million, which rose 32 per cent sequentially, Curaleaf said. In the 2019 fiscal year, the company said it...
https://cannabislaw.report/curaleaf-on-upward-trend/
03/29/2020 - 8:55pm
High Times Decides It Is The Right Time To Buy Stuff
(Acquisition, California, Cannabis, Cuba, Growers, Growing, Investment, Investors, Manufacturing, Processing, Products, Regulations, Subsidiaries, United States, Cultivation, Holding Company) You can’t fault their positive outlook although we might fault the timing of this acquisiton announcement / proposal. Remember, this isn’t even a MOU just an LOI (letter of intent). Is anybody actually paying attention in the investment community would be our first question to the High Times Board. Here’s their press release LOS ANGELES, March 27, 2020 (GLOBE NEWSWIRE) — Hightimes Holding Corp., the owner of High Times®, the most well-known brand in cannabis, has announced today the signing of a LOI to acquire the California-based cannabis holding company Humboldt Heritage Inc. and its subsidiaries Humboldt Sun Growers Guild and Grateful Eight LLC. This announcement comes just before the culmination of High Times Regulation A+ campaign, which has recruited over 26,000 shareholders before listing on the public markets. This acquisition provides High Times with cannabis growing, processing and product manufacturing capabilities direct from the most coveted cannabis community in the...
https://cannabislaw.report/high-times-decides-it-is-the-right-time-to-buy-stuff/
03/29/2020 - 3:18am
Marijuana deemed 'essential' in Washington state, gets looser rules amid the coronavirus outbreak
(Cannabis, Manufacturing, United States, Washington) With manufacturing and tourism jobs in peril on the Olympic peninsula, longtime cannabis company owner Bethany Rondeaux recently increased ...
https://www.spokesman.com/stories/2020/mar/29/marijuana-deemed-essential-in-wash…
03/27/2020 - 5:26pm
Halo Labs Announces Launch of Pilot Distillate Remediation Program and Re-Opening of Bulk Distillate Manufacturing in Cathedral City
(Manufacturing) submitted by /u/HollywoodHussX [link] [comments]
https://www.reddit.com/r/weedstocks/comments/fq662r/halo_labs_announces_launch_o…
03/27/2020 - 4:30pm
Scientists Sue DEA Over Alleged ‘Secret’ Document That Delayed Marijuana Research Expansion
(Arizona, Cannabis, Compliance, Distribution, Facilities, Growers, Hemp, Law, Manufacture, Manufacturing, Medical Marijuana, Mississippi, Processing, Products, Research, United States, Cultivation) The Drug Enforcement Administration (DEA) is finding itself in court over marijuana again after scientists filed a lawsuit against the agency, requesting “secret” documents that they allege DEA used to delay action on expanding cannabis research. The Scottsdale Research Institute (SRI) is behind the suit. It’s one of more than 30 organizations that have submitted applications to DEA to become licensed cannabis manufacturers for research purposes. Some background should be noted: In 2016, DEA announced it would expand marijuana research by approving additional growers beyond the sole source that has existed for half a century at the University of Mississippi. But after more than three years, applicants heard silence , and SRI filed an initial lawsuit alleging that the agency was deliberately holding up the process . A court mandated that it take steps to make good on its promise, and that case was dropped after DEA provided a status update . This month, DEA finally unveiled a revised...
https://www.marijuanamoment.net/scientists-sue-dea-over-alleged-secret-document-…
03/27/2020 - 11:19am
NSPDF
Naturally Splendid Applauds BC’s Essential Services Declaration for Food Industry To Maintain The Food Supply Chain
(Bar, Beverage, Cannabis, Cleaning, Development, Distribution, Events, Extraction, Food, Foods, Hemp, Hemp Food, Hemp Foods, Investing, Management, Manufacturer, Manufacturing, Naturally Splendid Enterprises Ltd., NSPDF, Oils, Production, Products, Regulations) Naturally Splendid Enterprises Ltd. (“Naturally Splendid”, “NSE” or “the Company”) (FRANKFURT:50N) (TSXV: NSP ) (OTC:NSPDF) provides the following update. On March 26, 2020, the BC Provincial Government announced several initiatives in the on-going battle to mitigate the COVID-19 pandemic. Within these initiatives, Mike Farnworth, Minister of Public Safety and Solicitor General declared the Food Supply Chain an essential service. Naturally Splendid CEO Mr. Craig Goodwin states, “I am pleased to say that industry leaders, organizations such as B.C Food & Beverage and the province continue to work together in an effort maintaining the food supply chain. We are stronger as a team and Naturally Splendid is committed to playing our role in these efforts”. B.C. Food & Beverage (BCFB) applauds the announcement by the BC government designating the food and beverage manufacturing sector as an essential service, which will offer more protection to secure the food supply in BC. The...
https://investingnews.com/daily/cannabis-investing/naturally-splendid-applauds-b…
03/27/2020 - 9:55am
HRVSF
Harvest Health Buys Franklin Labs, Lays Off Have A Heart Employees
(Acquisition, Growing, Harvest Health & Recreation, HRVSF, Investment, Manufacturing, Pennsylvania, Processing, United States, Dispensaries, Cultivation) One day after announcing it had terminated its deal to acquire Verano Holdings, Harvest Health & Recreation Inc. (CSE: HARV, OTCQX: HRVSF) has now said it is going to buy Franklin Labs, LLC , a subsidiary of CannaPharmacy, for approximately $25.5 million payable with $15.5 million in cash and a $10 million promissory note. Harvest Health stock fell over 16% to 94 cents yesterday on the news that the deal with Verano had been terminated. This was despite the broader markets trading much higher as shareholders were clearly not happy about the ending of the deal. Eight Capital looks to have cut its target price on the stock from C$14 to C$3. The Canadian stock was lately trading at C$1.32. The Franklin Labs acquisition includes a 46,800 sq. ft. cultivation and manufacturing/processing facility in Reading, Pennsylvania. Pending necessary approvals, Harvest said it expects to expand the existing cultivation operation this year and potentially complete further expansion in the future to...
https://www.greenmarketreport.com/harvest-health-buys-franklin-labs-lays-off-hav…
03/27/2020 - 9:04am
OTC:HEMP
Federal Agency Touts Hemp Progress While Refusing To Serve Marijuana Businesses
(Biodiesel, Cannabis, CBD, Clothing, Events, Growers, Hemp, Hemp, Inc., Legalization, Loans, Manufacturing, Medical Marijuana, OTC:HEMP, Pennsylvania, Products, Testing, United States, Virginia, THC, Dispensaries, Cultivation) The federal Small Business Administration (SBA) is celebrating the potential of hemp and is urging federal regulators to address concerns from farmers before rules for the crop are finalized. At the same time, however, it is maintaining that it cannot service marijuana businesses due to ongoing federal prohibition. In a blog post published on Tuesday, SBA’s Office of Advocacy described the wide range of uses for hemp, including rope and CBD oil, and detailed the crop’s evolution from a federally controlled substance to an agricultural commodity that was legalized through the 2018 Farm Bill. “From rope to clothing, biodiesel to hempcrete, plant-based ingestible protein to CBD balm, the uses of hemp are far-reaching.” The U.S. Department of Agriculture (USDA) now has jurisdiction over the plant, and it released an interim final rule last year outlining guidelines for a domestic hemp program . In the time since the crop’s legalization, SBA says it has “embarked on an ambitious and...
https://www.marijuanamoment.net/federal-agency-touts-hemp-progress-while-refusin…
03/27/2020 - 9:00am
HRVSF
Harvest Acquires Franklin Labs, LLC Adding Supply and Enhancing Margins in Pennsylvania
(Acquisition, Cannabis, Harvest Health & Recreation, HRVSF, Manufacturing, Pennsylvania, Processing, United States, Vertically Integrated, Cultivation) This Post Was Syndicated Under License Via QuoteMedia PHOENIX, March 27, 2020 /PRNewswire/ — Harvest Health & Recreation Inc. (CSE: HARV, OTCQX: HRVSF) (“Harvest“), a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., today announced the closing of the acquisition of Franklin Labs, LLC, a subsidiary of CannaPharmacy, for approximately $25.5 million payable with $15.5 million in cash and a $10 million promissory note. The acquisition includes a 46,800 sq. ft. cultivation and manufacturing/processing facility in Reading, Pennsylvania. Pending necessary approvals, Harvest expects to expand ... Read The Full Article On PotStockNews.com Get the latest marijuana stock news, cannabis on stock news on PotStockNews All content provided by Pot Stock News is subject to our Terms Of Use and Disclaimer .
https://potstocknews.com/harvest-acquires-franklin-labs-llc-adding-supply-and-en…
03/27/2020 - 7:55am
AgraFlora Organics International Inc. (AGRA) (AGFAF) GTA Facility Receives Amendments Necessary to Launch CBD Business
(Canada, Cannabis, CBD, Edibles, Events, Extraction, Hemp, Investments, Law, Management, Manufacturing, Processing, Production, Stocks, Cultivation) AgraFlora Organics’ GTA Facility Receives Amendments Necessary to Launch CBD Business AgraFlora Organics International Inc. (“AgraFlora” or the “Company”) (CSE: AGRA) (PU31.F) (OTCPK: AGFAF) is pleased to announce its wholly owned subsidiary Sustainable Growth Strategic Capital Corp. (“SGSC”), a federally licensed cannabis company based in the Greater Toronto Area (GTA), has received Health Canada approval to commence extraction at its licensed facility pursuant to an amendment to its Standard Processing License. SGSC also holds Standard Cultivation and Medical Sales Licenses issued pursuant to the Cannabis Act. SGSC has been actively engaged in the Canadian CBD business, working with partner farmers to optimize the harvest to hemp-crops to maximize the efficiency of subsequent CBD extraction. In March, SGSC commenced a trial extraction (the “Trial”) of hemp-biomass which will be extracted using third-party extraction services and sold as a combination of CBD Crude Oil, CBD Distillate...
https://marijuanastocks.com/agra-agfaf-gta-facility-receives-amendments-necessar…
03/26/2020 - 4:07pm
RAMM Pharma Corp. Receives Federal Approval and Registration of XALEX™ 10 (cannabidiol) Oral Solution
(Argentina, Brazil, Cannabis, CBD, Development, Distribution, Events, Growing, Investing, Law, Management, Manufacturing, Paraguay, Peru, Product Development, Production, Products, Recreational, Regulations, Subsidiaries, Testing, United States, Uruguay, THC, Recreational Cannabis, Pharmaceuticals, Cultivation) RAMM Pharma Corp. (including its wholly owned subsidiaries, the “Company” or “RAMM”) (CSE: RAMM ), a leader in plant-derived cannabinoid pharmaceutical products, is pleased to announce that the Uruguayan Ministry of Public Health, (Ministerio de Salúd Publica or “MSP”) has approved and registered XALEX 10 (cannabidiol) oral solution, a prescription pharmaceutical formulation of highly-purified, plant-derived cannabidiol (CBD) free of tetrahydrocannabinol (THC), for the treatment of refractory epilepsy. RAMM has also been granted a license expansion and approval by the Instituto de Regulación y Control de Cannabis (“IRCCA”) for additional proprietary cannabis-based products and to include certain products for veterinary use, further expanding the Company’s robust portfolio of product offerings to the Latin American market. “The approval of XALEX 10 is a significant accomplishment for RAMM Pharma, offering patients another federally approved pharmaceutical CBD medicine,” stated Jack...
https://investingnews.com/daily/cannabis-investing/ramm-pharma-corp.receives-fed…
03/26/2020 - 12:21pm
Cannabis Companies and Suppliers Offer Help in Creating Medical Supplies for COVID-19 Response
(Alcohol, California, Canada, Cannabis, Consultants, Containers, Development, Extraction, Facilities, Food, Hawaii, Law, Manufacture, Manufacturing, Packaging, Production, Products, Regulations, Topicals, Training, United States, Vertically Integrated, Dispensaries, Security) In the wake of the COVID-19 global pandemic, U.S. and Canadian cannabis companies have a unique opportunity to aid those in need. Not only are their cannabis products increasingly being deemed essential by governments—but they also have the facilities, personnel and protocols already in place to fill the desperate need for medical supplies. These three companies are using those advantages to help their communities. Aloha Green ApothecaryPhoto courtesy of Aloha Green ApothecaryIn Hawaii, Aloha Green Apothecary is producing hand sanitizer for its employees and patients, with plans to ramp up production as much as possible to donate hand sanitizer to other businesses and organizations in the state.“We’re just trying our best to meet our patients’ needs and follow the law with all the changes in law that the government is laying down,” Tai Cheng, a spokesperson for Aloha Green Apothecary, told Cannabis Business Times.The vertically integrated company, located in Oahu, has been deemed...
http://www.cannabisbusinesstimes.com/Article/cannabis-companies-suppliers-creati…
03/26/2020 - 10:05am
Redfund Capital and Sunshine State Tea Launch Joint-Defense to Virus Pandemic
(Alcohol, Canada, Cannabis, CBD, Events, Financing, Florida, Hemp, Investing, Investors, Manufacture, Manufacturing, Medical Marijuana, Production, Products, Regulations, United States, Washington) Redfund Capital Corp. (CSE:LOAN, OTC:PNNRF, Frankfurt:O3X4) (“Redfund” or the “Company”) has urgently joined forces with our portfolio client Sunshine State Tea, based in Florida, in collaboration with Intercontinental Hemp of Washington State to immediately manufacture a line of hand sanitizer products to help combat Covid-19. The hand sanitizer products are already in production in Washington State as part of the premium personal-care brand Sunshine State; wholesale purchase orders are being vetted by the team. A consumer website will launch for Sunshine State Tea next week to meet individuals’ increased demand during the pandemic. The sanitizer is being offered in 1L /34 oz and 500 ml/17 oz with push pump, and 119 ml/4oz and 60 ml/2 oz with flip caps. Sunshine State uses locally sourced ingredients, that are safe for use on ones body. The active ingredient in the hand sanitizer is ethyl alcohol 70%. The inactive ingredients are aloe vera juice, carbomer, glycerine, propylene glycol...
https://investingnews.com/daily/cannabis-investing/redfund-capital-and-sunshine-…
03/26/2020 - 8:41am
BVNNF, ICNB
BevCanna Signs LOI with Californian Cannabis Beverage Brand Calexo
(BevCanna Enterprises Inc., Beverage, Branding, BVNNF, California, Canada, Cannabis, Compliance, Consumer Products, Distribution, Drinks, Events, ICNB, Iconic Brands Inc., Investing, Law, Management, Manufacturing, Products, Recreational, Trademarks, United States, THC, Dispensaries, Recreational Cannabis, Cultivation) Emerging leader in infused cannabis beverages, BevCanna Enterprises Inc. (CSE: BEV , Q:BVNNF, FSE:7BC) (“BevCanna” or the “Company”) announced today that it has entered into a non-binding letter of intent (the “LOI”) to partner with rising California cannabis beverage brand Calexo . Under the proposed agreement, BevCanna will become the exclusive Canadian manufacturing partner for the newly-launched Calexo line of beverages. BevCanna will leverage its extensive experience in developing and launching beverages in the Canadian market to maintain responsibility and compliance with Health Canada, as well as all national sales and distribution efforts related to the joint venture (JV). The JV will be structured as a profit share joint venture agreement, and the maintenance of exclusivity is subject to mutually agreed-upon forecast milestones being met. The agreement will be for an initial term of five years with a subsequent five-year renewal option. In addition to the Canadian...
https://investingnews.com/daily/cannabis-investing/bevcanna-signs-loi-with-calif…
03/26/2020 - 4:32am
ALEAF
Aleafia Health Inc (OTCMKTS:ALEAF) Reports Robust Revenues Of $6.028 Million In Q4 2019
(ALEAF, Aleafia, Canada, Cannabis, Distribution, Edibles, Extraction, Manufacture, Manufacturing, Packaging, Processing, Products, Topicals, Cultivation) Aleafia Health Inc (OTCMKTS:ALEAF) has reported revenues of $6.028 million in Q4 2019. It is an increase of 22% when compared to the previous quarter. The company has reported revenues of $16.4 million in 2019. It is an increase of 391% when compared to the previous year. Cannabis and clinical revenues account for $11 million and $2 million of these revenues. Disciplined approach yields dividends Geoffrey Benic, Chief Executive Officer of Aleafia, said the company posted robust results in Q4 2019 and for the whole year because of sustainable and disciplined growth. He said the company maintains patient-centric approach in building cannabis health and wellness ecosystems. Continues growth momentum in 2020 Aleafa expects to continue the growth momentum in 2020 through the launch of innovative and differentiated wellness and health products and by expanding the patient ecosystem in the domestic and overseas markets. Business highlights Aleafa has secured the full occupancy at its Paris...
https://mmjreporter.com/aleafia-health-inc-otcmktsaleaf-reports-robust-revenues-…