Future Farm Announces Shareholder Meeting Dates and Update Regarding NexTech Spin-Off

ANCOUVER, British ColumbiaJune 20, 2018 /PRNewswire/ —

Future Farm Technologies Inc. (the “Company” or “Future Farm“) (CSE: FFT) (CSE: FFT.CN)(OTCQX: FFRMF) is pleased to announce that the formal process for completing the distribution of 11,000,000 common shares of NexTech AR Solutions Corp. (“NexTech“) to the shareholders of Future Farm (the “Future Farm Shareholders”) on a pro-rata basis is now under way. The process began with the filing last week of a Notice of Meeting and Record Date for an Annual General and Special Meeting to take place on July 26, 2018. That notice is available on the CSE.

The distribution of the NexTech common shares is to be completed pursuant to a court-approved Plan of Arrangement. The next step in the process is the application for an Interim Order from the British Columbia Supreme Court. The application for the Interim Order was filed yesterday and is set for a court hearing on June 21. Upon receipt of the Interim Order the Company will proceed to mail to the Future Farm Shareholders a proxy circular disclosing detailed information on the business of NexTech.

If the Arrangement is completed, Future Farm Shareholders will receive a total of 11 million common shares of NexTech while maintaining their current ownership interest in Future Farm. NexTech will apply to list its shares on the CSE following completion of the Arrangement.

NexTech will focus on the advancement and development of its revenue generating portfolio of gaming and all-in-one apps known as the ‘All-In-One-App Portfolio’ using its augmented reality technology. NexTech has also expanded its augmented reality technology products and is working with a number of clients for the provision A/R enhanced marketing services including through its Native AR Platform and AR learning model.

The securities referenced in this news release have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

On behalf of the Board,

Future Farm Technologies Inc.

William Gildea, Chairman and CEO

About Future Farm Technologies Inc.

Future Farm is a Canadian company with holdings throughout North America including CaliforniaMassachusettsFloridaMainePuerto Rico and Newfoundland. The Company’s mission is to advance sustainable agriculture through production of wholesale and retail cannabis products, including hemp. As a leader in its field, Future Farm is committed to using only the highest quality processes and products. Towards this goal, the Company acquires or partners with licensed cannabis operators, and acquires or develops leading technologies in cannabis production, breeding, genetics, and Controlled Environment Agriculture (CEA). Future Farm’s scalable, indoor CEA systems utilize minimal land, water and energy resources. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generates yields up to 10 times greater per square foot of land.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has not in any way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. 

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There is no guarantee that the Company will complete the Arrangement, or if completed, will be listed on a stock exchange. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

For further information, contact:
William Gildea
Director
+1(888)387-3761

SOURCE Future Farm Technologies Inc.

 

Source: PR Newswire (June 20, 2018 – 8:00 AM EDT)

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MedMen Adds Ground Flower to New York Product Line, State Adds Opioid Use as Qualifying Condition

LOS ANGELES

MedMen Enterprises Inc. (“MedMen“ or the “Company“) (CSE: MMEN) (OTCQB: MMNFF) announced today that it has added ground cannabis flower to its product offerings in New York.

MedMen stores in New York currently offer vaporizer pens, tinctures and gel caps in five different formulations. The addition of ground flower will give MedMen’s New York medical marijuana patients greater product choices in the state’s fast evolving market.

The company’s announcement followed news on Tuesday from the New York Department of Health that it is adding opioid use as a qualifying condition under its medical marijuana program.

“The opioid epidemic in New York State is an unprecedented crisis, and it is critical to ensure that providers have as many options as possible to treat patients in the most effective way,” New York State Health Commissioner Dr. Howard Zucker said in the department’s news release. “As research indicates that marijuana can reduce the use of opioids, adding opioid use as a qualifying condition for medical marijuana has the potential to help save countless lives across the state.”

The department cited that “states with medical cannabis programs have been found to have lower rates of opioid overdose death than other states, perhaps by as much as 25 percent.”

New York’s medical marijuana program continues to grow even as the state debates becoming the 10th state to legalize adult-use. The New York City comptroller recently reported that if the state legalizes adult-use it could see a $3 billion market and $435 million in tax revenue.

In recent months, the state has expanded the number of conditions that qualify for medical marijuana to 12, and late last year it broadened the types of products companies can manufacture and sell. For the first time, the rules permitted ground flower, a popular form for cannabis intake among medical marijuana patients.

MedMen is one of only 10 companies licensed to manufacture and sell medical marijuana in New York. In April, MedMen opened its flagship store on Fifth Avenue, only one of three licensed dispensaries in Manhattan. MedMen is the largest publicly traded U.S.-based company based on market capitalization. The company operates 18 licensed facilities in California, Nevada and New York, and recently signed a definitive agreement to acquire a medical marijuana license in Florida with rights to open 25 dispensaries.

ABOUT MEDMEN:

MedMen Enterprises is the preeminent cannabis company in the U.S. with assets and operations nationwide. Based in Los Angeles, MedMen brings expertise and capital to the cannabis industry and is one of the nation’s largest financial supporters of progressive marijuana laws. Visit http://www.medmen.com

Source: MedMen Enterprises

MedMen Enterprises Inc.
Briana Chester
1-424-465-4419
Briana.Chester@medmen.com

 

Source: Business Wire (June 19, 2018 – 9:04 PM EDT)

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Crop Receives Approval for Additional 20,000 Square Feet of Recreational Canopy at Humboldt California Campus

VANCOUVER, British Columbia, June 19, 2018 (GLOBE NEWSWIRE) — CROP Infrastructure Corp. (CSE:CROP) (OTCMKTS:CRXPF) (“CROP” or the “Company”) announces its tenant grower “HEMPIRE COMPANY LLC” has received final approval for an additional twenty thousand (20,000) square feet of recreationally licensed canopy space from CalCannabis Cultivation Licensing, a division of the California Department of Food and Agriculture (CDFA) for the Humboldt California Campus as announced on May 9th 2018.

The Humboldt Campus consists of an operational 10,000 square foot medicinal cannabis greenhouse facility and has now obtained an additional 20,000 square feet of recreational licensed canopy. It is expected that the HEMPIRE COMPANY LLC will commence plant population in June/July 2018.

CROP Infrastructure Director & CEO Michael Yorke states: “With the approval of this additional twenty thousand square feet, the Humboldt Campus will triple in size and tenant production capacity. CROP’s portfolio of cannabis infrastructure assets includes two Washington State facilities as well as the Humboldt campus in California, the largest cannabis market in the world. Management will continue to aggressively pursue new world-wide opportunities and expand its portfolio of tenant growers and infrastructure assets in strategic licensed jurisdictions.”

The Company will be hosting an information session for investors at the Vancouver Club at 1:30 PM PST on June 21st. Management will be available to answer questions and present on recent developments and Company milestones.

About Humboldt Holdings LLC
Located in Humboldt County California the property is 8.46 acres and currently houses a 10,000 sqft greenhouse as well as a barn, garage and residence. On site are 5 x 5000 gallon water tanks, a well and pump house and a 30×60 drying shed. The property is zoned for a 10,000 sqft medical and a 20,000 sqft recreational cannabis license.

About CROP
Crop Infrastructure Corp. is publicly listed on the Canadian Securities Exchange and trades under the symbol “CROP”. CROP is engaged in the business of investing, constructing, owning and leasing greenhouse projects as part of the provision of turnkey real estate solutions for lease-to-licensed cannabis producers and processors offering best-in-class operations. The Company’s portfolio of projects includes licensed greenhouse facilities in California and Washington State.

Company Contact
Michael Yorke – CEO & Director
E-mail: info@cropcorp.com
Website: www.cropcorp.com
Phone: (604) 484-4206

Disclaimer for Forward-Looking Information
Certain statements in this press release related to the Offering, the securities issuable thereunder and the Transaction are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding the proceeds to be raised pursuant to the Offering, availability of exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 and the expected uses of the funds advanced under the Loan by The Park. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Company’s ability to complete the Offering and the uses of the funds advanced under the Loan by The Park, including the risk that the Offering may not be completed as expected or at all, that the proceeds of the Offering may be used other than as set out in this news release, that the funds advanced under the Loan by The Park may be used other than as set out in this news release and other factors beyond the control of the Company. Such forward-looking statements should therefore be construed in light of such factors, and the Company is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The CSE has not reviewed, approved or disapproved the content of this press release.

 

Primary Logo

 

Source: GlobeNewswire (June 19, 2018 – 8:30 AM EDT)

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Choom™ Secures 10 Additional Cannabis Retail Opportunities in Alberta and British Columbia

VANCOUVERJune 19, 2018 /CNW/ – Choom™ (CSE: CHOO) (OTCQB: CHOOF) (the “Company” or “Choom”) an emerging, fully-integrated cannabis company, is pleased to announce that it has advanced the build-out of its cannabis retail store network in Alberta and British Columbia.

Choom Holdings Inc. (CNW Group/Choom Holdings Inc.)

Choom™ has secured the rights to an additional 7 retail locations in Alberta. Choom has 25 leases in highly strategic and secure locations in Alberta with 24 applications submitted. Choom has also secured 3 additional B.C. retail leases, combined with the existing 7, for a total of 10 retail opportunities in B.C. In all cases, the retail opportunities are subject to all necessary governmental and municipal approvals being granted. This number is expected to grow over the coming months as the Company is currently negotiating additional leases with the intention of submitting applications for retail licenses. The following link will bring you to our retail opportunity map: https://investors.choom.ca/wp-content/uploads/2017/11/ChoomRetailMap.pdf

“This is a significant step towards establishing Choom’s strategy to be a leading private cannabis retailer in Canada,” states Choom’s President and CEO, Chris Bogart. “Market share and customer acquisition in the upcoming recreational landscape will be very difficult to come by, these applications are key to Choom’s retail strategy. Choom’s brand was created exclusively for the recreational market, core to our values is cultivating a great experience for the consumer and part of this strategy is retail distribution. We are committed to pursuing retail licensing opportunities across the country and remain focused on cultivating ‘Good Time with Good Friends’.”

SAY HELLO TO CHOOMTM
Choom™ was created for and inspired by the Choom Gang; a group of buddies in Honolulu during the 1970’s who loved to smoke weed—or as the locals called it, “Choom”. Now, after four decades, Choom™ is bringing the spirit of Hawaii to Canada. Choom™ is focused on delivering an elevated customer experience through our curated retail environments, high-grade handcrafted Cannabis supply, and a diversity of brands for the Canadian recreational consumer.

We’re planting our flag in the rapidly growing legal cannabis industry in Canada with our own brand of high-grade handcrafted herb. For additional information please visit us at: www.choom.ca

“Chris Bogart”
President & CEO

Cautionary Statement:

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking information             
This news release contains forward-looking information relating to the Company’s proposed activities and other statements that are not historical facts. Forward-looking information relates to management’s future outlook and anticipated events or results, and include statements or information regarding the plans to obtain directly or through acquisition cannabis retail opportunities, expected governmental approvals for cannabis retail stores, and the general prospects or plans for a cannabis retail network. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with the results of diligence investigations, developments in the cannabis sector, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings, including the Company’s Listing Statement, made with the applicable Canadian securities regulators. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.                

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/choom-secures-10-additional-cannabis-retail-opportunities-in-alberta-and-british-columbia-300668161.html

SOURCE Choom Holdings Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/19/c2149.html

Choom Holdings Inc., Chris Bogart, President & CEO, T: 604.683.2509, F: 604.683.2506, E: chris@choom.ca; Alex Porporo, Investor Relations, T: 604.683.2509, F: 604.683.2506, E: alex@choom.ca; Chris Gagan, SVP Branding, Marketing, T: 604.683.2509, F: 604.683.2506, E: chrisg@choom.caCopyright CNW Group 2018

 

Source: Canada Newswire (June 19, 2018 – 7:00 AM EDT)

News by QuoteMedia

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FinCanna Investee ezGreen Compliance On-Boards Multiple Customers across California, the largest Cannabis market in North America

VANCOUVER, B.C., June 19, 2018 (GLOBE NEWSWIRE) — FinCanna Capital Corp. (“FinCanna”) (CSE:CALI) (OTCQB:FNNZF) a royalty company for the U.S. licensed medical cannabis industry, announces that its portfolio investee company, ezGreen Compliance (“ezGreen”), which offers a state-of-the-art enterprise compliance and point-of-sale (POS) software solution for licensed medical cannabis dispensaries and cultivators, has launched its pilot marketing program and has on-boarded multiple customers (dispensaries and cultivators) across the State of California. The pilot program customers are currently utilizing ezGreen’s Health Insurance Portability and Accountability Act (“HIPAA”)  Compliance Point-of-Sale Solution and inventory tracking system.

Navigating through state-by-state license, tax and compliance issues has been challenging for the legal cannabis industry. ezGreen Compliance helps its customers comply with both the HIPAA and State Laws by ensuring patients’ confidential data is being handled properly, helping to protect from possible security breaches and financial and criminal liability resulting from potential violations.

Andriyko Herchak, President and CEO of FinCanna, states, “ezGreen has made excellent progress in a very short amount of time in securing partnerships and putting itself in position to become an industry leader in the U.S. cannabis compliance category. With its proven pharma-grade compliance solution, we believe they will continue to gain momentum and establish themselves as a leader in their category.”

About ezGreen Compliance

ezGreen Compliance, located in Fort Lauderdale FL, provides a proven state-of-the-art enterprise compliance and point-of-sale software solution for licensed medical cannabis dispensaries and cultivators. ezGreen Compliance helps its customers comply with both the HIPAA and State Laws by ensuring patients’ confidential data is being handled properly, helping to protect from possible security breaches and financial and criminal liability resulting from potential violations. The development team of the eZGreen platform has 16 years experience in distributing medical pharmaceuticals in over 3,000 clinics around the country. For more information around a HIPAA compliance strategy for the Cannabis industry, please visit www.ezgreencompliance.com.

About FinCanna Capital Corp.

FinCanna provides financing to top-tier companies in the licensed medical cannabis industry in exchange for a royalty on revenues.  FinCanna, led by a team of finance and industry experts, is building its diversified portfolio of royalty investments in scalable, best-in-class projects and companies in U.S. legal states, with a focus on California.  For additional information visit www.fincannacapital.com and FinCanna’s profile at www.sedar.com.

FinCanna Capital Corp.
Andriyko Herchak, CEO & Director

Investor Relations:
Arlen Hansen
Kin Communications
1-866-684-6730
CALI@kincommunications.com

Forward-Looking Information
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the market for, and effectiveness of, ezGreen software, the ability of ezGreen Compliance to expand operations and generate sales and revenues, the results of operations of Chameleon Collective, FinCanna’s ability to fund and source future projects, and FinCanna’s ability to earn and realize revenues from its investee companies.  By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the risks identified in the CSE listing statement available at www.SEDAR.com and other reports and filings with the applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made, and the respective companies undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Primary Logo

 

Source: GlobeNewswire (June 19, 2018 – 3:05 AM EDT)

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National Green Biomed Adopting BLOCKStrain Technology Software

VANCOUVERJune 19, 2018 /CNW/ – BLOCKStrain TECHNOLOGY CORP. (the “Company” or “BLOCKStrain“) (TSXV: DNAX) is pleased to welcome National Green Biomed Ltd. (“NG Biomed” or “NG”) to its software platform.

BLOCKStrain is the leading provider of gene to sale software in the cannabis industry. (CNW Group/BLOCKStrain Technology Corp.)

BLOCKStrain and NG Biomed this week signed a Letter of Intent for adoption of the BLOCKStrain software platform at NG Biomed’s production facility in British Columbia, Canada. NG Biomed is a late-stage applicant to become a licensed producer under the Access to Cannabis for Medical Purposes Regulations in Canada.

Under the Letter of Intent signed June 18, 2018, the Parties agree to negotiate the terms of a business relationship through which BLOCKStrain will integrate its core software platform into the operational infrastructure of NG Biomed in order to optimize product testing, genetic verification, supply chain visibility and management of grow operations.

Secondly, BLOCKStrain will use its proprietary technology to create a custom platform for NG Biomed that will empower NG Biomed’s clients and partners with the ability to instantly arrange for sales, shipping, testing and analysis of NG Biomed products, as well as giving comprehensive visibility over such products throughout their entire life cycles.

NG Biomed is currently launching an initial 30,000 square foot greenhouse facility on 68 acres in the Fraser Valley region of BC, and has room to expand to at least 500,000 square feet of production space.

The company is headed by former federal cabinet minister Herb Dhaliwal as Chairman of the Board, and son Justin Dhaliwal as CEO.

BLOCKStrain CEO Robert Galarza says he’s excited and honored to work with an experienced and well connected management team that focuses heavily on research and development.

“Over the past several years, I’ve had the privilege of getting to know Herb and Justin very well, and I believe they are among the most professional and connected people I have met in the cannabis space in the US or Canada,” Galarza says. “Their integrity is second to none and it has been a true pleasure working with them to advance our technology’s data centric solution for this industry.”

NG Biomed CEO Justin Dhaliwal says his company chose to work with BLOCKStrain not just because they were impressed by the software, but because they were impressed by the BLOCKStrain team.

“We feel implementing smart technology allows us to be more efficient, and in terms of record management, we need to keep track of all our strains and genetics in a way that is simple, effective and enforceable,” Dhaliwal said.

“Robert is a great leader and a very insightful businessman, and their CTO Tommy Stephenson is absolutely brilliant,” Dhaliwal added. “Tommy’s experience as the former CTO at WeedMaps is also important. He’s an expert in IT, absolutely, but it’s more important that he really understands the industry’s needs because he’s lived it for so many years.”

The parties to the agreement say they will be working out details of the BLOCKStrain software deployment over the coming weeks, and finalizing the terms within a formal definitive agreement.

ON BEHALF OF THE BOARD OF DIRECTORS
“Robert Galarza”

Robert Galarza
Chief Executive Officer and Director

About BLOCKStrain Technology Corp.

BLOCKStrain Technology Corp. (TSXV: DNAX) has developed the first integrated blockchain platform that registers and tracks intellectual property for the cannabis industry. Strain protection and genetic identification are major issues for growers and breeders, and this new technology allows them to identify and secure rights to their valuable intellectual property (IP). The BLOCKStrain platform also streamlines the administrative process of genetic and mandatory quality-control testing for legal cannabis, cutting the administrative time and expense in half.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company’s future business plans. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include statements relating to the expected benefits of, and impact on, NG Biomed’s business as a result of the use of BLOCKStrain’s technology; and the expected security and other benefits of BLOCKStrain’s technology generally. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including that: BLOCKStrain’s platform may not operate as expected; NG Biomed may not derive the expected benefits from use of the BLOCKStrain platform; legislative changes may occur that negatively impact BLOCKStrain’s business; and other factors beyond the Company’s control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are urged to consider these factors carefully in evaluating the forward-looking statements contained in this news release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

SOURCE BLOCKStrain Technology Corp.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/19/c1696.html

please visit the Company’s website at: www.blockstrain.io or contact Paula Arab at (403) 889-9128 or email at paula.arab@BLOCKStrain.ioCopyright CNW Group 2018

 

Source: Canada Newswire (June 19, 2018 – 5:00 AM EDT)

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Speakeasy Looks to Expand into German Market

The global cannabis industry could reach nearly $60 billion by 2027, according to Arcview Market Research, driven by the ongoing legalization of cannabis around the world. While North America has pioneered legalization among G20 nations, many parts of Europe have taken a pro-cannabis stance that could yield an enormous long-term market. Investors may want to take a look at companies focused on this area for potential opportunities.

Speakeasy Cannabis Club Ltd. (CSE: EASY) (FFT: 39H), a late-stage applicant under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR) represents a compelling opportunity to invest in Europe’s burgeoning cannabis industry.

Europe’s $60B Opportunity

The European medical cannabis market could be worth about €50 billion, or about $59 billion, once all markets have implemented legislation and market infrastructure to support cannabis, according to Prohibition Partners’ European Cannabis Report. Germany, Poland, and the Netherlands have the most advanced cannabis markets in the region, but the report’s authors note that many other markets are following in their footsteps.

While many European countries are exploring cultivation, the majority of the region’s supply comes from Canada, where cannabis enjoys federal legalization. The good news is that cannabis-based drugs have been seeing steady support, including GW Pharmaceuticals’ (NASDAQ: GWPH) Sativex, while cannabis flower and oils have been legalized in several countries for patients that suffer from approved medical conditions.

Germany became Europe’s largest market in March of last year after it introduced new legislation and ten production licenses. The country’s system is geared towards partnering with international companies, such as those in Canada, that offer vast experience in a new market. From Germany, these companies could then export to other countries where cannabis has been legalized across the European Union given the trade agreements that are already in place.

Speakeasy Looks to Germany

Speakeasy Cannabis Club recently announced a memorandum of understanding with HerbaMedica GmbH to export premium cannabis to Germany and European markets. Under the terms of the deal, HerbaMedica will purchase and distribute a fixed amount of product each year from Speakeasy for an initial three year period. HerbaMedica will cover the external costs for the inspection of Speakeasy facilities by Germany authorities.

“By having HerbaMedica distribute our products throughout the EU, we gain access to a significant amount of possible clientele,” said Speakeasy CEO Marc Geen in the press release announcing the memorandum of understanding with HerbaMedica. “Currently, there are only seven approved cannabis importers to Germany, Speakeasy is excited to be an applicant for this opportunity to join this group of selected few.”

By taking a craft cannabis approach, the company aims to appeal to Millennial recreational buyers in Canada and patients looking for precise dosing and unique delivery methods in Canada and European markets. Once it secures its license from Health Canada, the company plans to develop a cannabis campus that houses five craft growers with individual identities and genetics on about 300 acres of land in the “Napa Valley of Weed”.

Looking Ahead

Speakeasy Cannabis Club Ltd. (CSE: EASY) (FFT: 39H) represents a compelling investment opportunity in the global cannabis industry. In addition to its innovative craft approach, the company’s recent deal to expand into Germany and European markets represents a compelling growth opportunity over the long-term. Investors may want to take note as the company moves closer to securing a license to become a licensed producer.
For more information, visit the company’s website at www.speakeasygrowers.com.

Disclaimer

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

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Pascal Biosciences Engages CFN Media to Build New Investor Audience

CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, today announced that Pascal Biosciences, Inc. (TSX-V: PAS) has engaged CFN Media to conduct a 3-month investor and market visibility program to begin on June 19, 2018.

“Pascal Biosciences, a Vancouver, BC and Seattle, WA-based biotechnology company, has discovered that certain cannabinoids stimulate the immune system to destroy tumor cells,” said Frank Lane, President of CFN Media. “We’re excited to be working with the company as it looks to bring its R&D-driven products to market to benefit patients.”

“At Pascal, we are excited by the potential of cannabinoids for improving cancer treatment. We are looking forward to working with CFN Media to develop our investor visibility,” said Pascal Biosciences CEO and President, Dr. Patrick Gray.

CFN Media will leverage its powerful content platform and extensive reach into mainstream and cannabis-focused investor audiences and media across North America to attract high-quality investors to Pascal Bioscience Inc. while elevating the company’s financial brand.

Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/become-featured-company/

Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8

Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone: http://www.cannabisfn.com

About CFN Media

CFN Media (CannabisFN), the leading agency and financial media network dedicated to the worldwide cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Private and public marijuana companies in the US and Canada rely on CFN Media to succeed in the capital markets.

About Pascal Bioscience Inc.

Pascal Biosciences, Inc. (TSX-V: PAS) is a biotechnology company focused on harnessing the body’s immune system to fight cancer. Our mission is to discover and develop innovative therapeutics that empower the immune system to help patients suffering from life-threatening diseases.

Pascal’s three significant technologies are:

  1. Utilizing proprietary screening systems for identifying novel compounds that are able to restore immune recognition and killing of cancer cells;
  2. Exploiting the regulation of specific calcium channels expressed by cells of the immune system. By regulating these calcium channels, immune activity can be controlled to combat cancers, infections and autoimmune diseases; and
  3. Developing a therapeutic monoclonal antibody for B-cell precursor acute lymphoblastic leukemia, the most common childhood leukemia, in collaboration with the University of New Mexico.

Disclaimer

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

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City View Green: A Promising New ACMPR Applicant About to Go Public

The Canadian cannabis industry is projected to exceed C$22.6 billion over the coming years as adult-use legalization goes into effect and export markets open up. With growing domestic and global demand, some analysts are projecting a shortfall in production that could benefit licensed producers. Many investors have anticipated this and sent valuations sharply higher, which has made the market for newly public companies increasingly appealing to investors.

Rapidly Growing Market

Canada’s cannabis industry is estimated to exceed C$22.6 billion over the coming years, according to Deloitte, driven by the federal-level legalization of medical and adult-use cannabis. According to Health Canada, there are more than one hundred licensed producers in the market today, and more coming online each month. These licensed producers sold more than 6,000 kilograms of dried cannabis and more than 9,000 kilograms of cannabis oil in Q3’17.

Health Canada projects that cannabis demand will continue to soar to one million kilograms by the end of this year, while supply was just around 300,000 kilograms by early this year. With the legalization of adult-use cannabis just around the corner, these dynamics point toward a potential shortfall in production that could create tremendous opportunities for licensed producers that have been ramping up their production capacity.

City View Green’s Plans

City View Green is targeting entry into the cannabis market this year as a high-quality, large-scale producer located in Brantford, ON near Toronto. There the company plans to operate a 40,000 sq. ft. facility and utilize about 20,000 sq. ft. for cultivation activities, which management believes could produce about 5,000 kilograms per year of pharmaceutical-grade cannabis for both the medical and adult-use markets.

While many licensed producers are focused exclusively on scaling, the company is focused on efficiently growing the best products. Management plans on incorporating advancements in LED lighting, HVAC and dehumidification, and automation technologies to improve the quality, safety, output, and consistency of its cannabis production. These attributes could make it more profitable play than many competitors targeting the low end of the market.

In addition to its use of advanced technologies, the company believes that its strategic location should enable it to draw on the best talent available since it’s near colleges and universities. FDi, a division of the Financial Times, ranked Brantford as the top spot on its list of the most business-friendly cities in the micro city category in 2017/2018. These dynamics could further position it favorably within the burgeoning market.

Going Public Soon

City View Green plans to go public through a reverse merger with Icon Exploration Inc. (TSX-V: IEX), which was outlined in a non-binding letter of intent on January 22, 2018. After the share exchange takes place, the company will raise $2 million in interim financing to execute on its business plans, which will result in about 160 million shares outstanding. City View will own approximately 80 percent of the outstanding shares at the point with the balance being owned by existing Icon Exploration shareholders.

Currently, investors cannot purchase shares in Icon Exploration because trading has been halted until the transaction is completed. Canadian investors will be able to purchase shares immediately when trading resumes following the transaction, while U.S. investors may purchase shares through brokerage accounts that permit trading on the Toronto Venture Exchange (TSX-V), such as TDAmeritrade or InteractiveBrokers.

Disclaimer

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

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Cannabis Industry Pioneers Blockchain Adoption

Blockchain technology is still relatively unknown, but like the internet in the 1990s, it could revolutionize many industries. A new report by Deloitte hints that retail and consumer packaged goods companies could be the most significant adopters over the next five years, with Wal-Mart Stores Inc. (WMT) and Amazon.com Inc. (AMZN) already experimenting with blockchain to secure their supply chain and reassure customers.

Deloitte’s new report, titled “New Tech on the Block: Planning for Blockchain in the Retail and Consumer Goods Industries”, was released earlier this month by Dr. Bryn Walton and Ben Perkins, two experts in the field of retail and consumer goods, as well as Steve Lark, a Deloitte partner in the area of technology consulting.

“We expect a tipping point within the next five years, as businesses begin to appreciate blockchains’ ability to track and trace products, record contracts and transactions, and guarantee the movement of information,” say the report’s authors. “The result will be widespread adoption of blockchain following a period of trials and pilots.”

Cannabis Offers the Perfect Problem

Deloitte sees blockchain technologies as a vital part of future supply chains, tracking products from manufacturing inputs through consumer returns. Within this sector, there’s one industry that perhaps needs blockchain more than any other — legal cannabis.

Canada has become a pioneer for the legal cannabis industry after legalizing the drug for medical and recreational use nationwide. In the process, it created a very strict and robust regulatory process to ensure that consumers receive high-quality products that aren’t tainted and deliver the promised mix of cannabinoids.

The problem is that these strict processes can be a high bar for cultivators, distributors, and retailers to meet with their limited resources. At the same time, the producers themselves are inventing how the industry works each day. For example, producers are breeding thousands of new cannabis strains, but there are no procedures in place to verify who owns those strains or how they can be used by other cultivators.

Blockchain technology was invented specifically for these types of problems. According to the report’s authors, “Blockchain opportunities in this segment relate to connected supply-chain, and authenticity and provenance.”

Blockstrain Technology Leads the Way

Blockstrain Technology Corp. (TSX-V: DNAX), a newly listed company on Canada’s TSX Venture exchange, has developed a robust system to streamline genetic and quality control testing of cannabis products, and to enter that data into a blockchain record that cannot be altered or edited without that change being discovered. In other words, it built the first blockchain system to track cannabis from “gene to sale”.

“When you deal with this strictly controlled substance, governments want to know where those shipments are; they want to know the product has been tested and is safe for the consumers; and, they want to make sure there is no diversion to the black market, which has been an issue in jurisdictions outside Canada,” said Blockstrain CTO Tommy Stephenson.

WeedMD Inc. (TSX-V: WMD) (OTC: WDDMF) (FSE: 4WE) became the first Canadian licensed producer to adopt Blockstrain, and the management team was so impressed that they invested $500,000 into Blockstrain’s parent company. CFO Keith Merker believes that the key value is protecting WeedMD’s intellectual property as it develops new strains that could each be worth millions of dollars.

“Unique and differentiated strains and product offerings have always been, and will remain, a cornerstone of WeedMD’s business model,” says Merker. “Validating and protecting that intellectual property through BLOCKStrain’s platform will prove invaluable as we scale operations and broaden our distribution throughout the country, as well as internationally.”

Deloitte analysts suggest that blockchain technology adoptance could be critical for companies to survive in supply chain-driven industries.

“The rationale for and value of investing in blockchain will depend on a company’s overarching strategic objectives as well as its capacity, capabilities and culture,” the report points out. “However, those who do not consider the possibilities are at risk of falling behind. By contrast, early adopters of the technology will have the ability to gain first mover advantage in generating value for their business.”

Blockchain investments have already hit $1.7 billion over the past three years among global companies. Market research firm, Gartner, believes that blockchain’s business value-add will reach $176 billion by 2025 and exceed $3.1 trillion by 2030 as more and more companies harness its benefits.

Blockstrain trades on the TSX Venture exchange under the symbol DNAX. WeedMD trades on the TSX Venture under the ticker WMD, and also trades on the OTC and Frankfurt exchanges.

Disclaimer

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

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RavenQuest BioMed Expands Geographical Production Footprint

Canada’s upcoming legalization of recreational cannabis could put pressure on cannabis supply, according to a variety of sources, even as many licensed producers ramp up production capacity. Deloitte analysts project that the market could top C$22.6 billion over the coming years, driven by both domestic growth from recreational legalization and growing demand for export from the European Union and other countries around the world.

RavenQuest BioMed Inc. (CSE: RQB) is well-positioned to capitalize on these trends with its four-pillar approach to the industry and rapidly growing production portfolio. After moving to acquire another late-stage applicant earlier this month, investors may want to take a closer look at the stock over the coming months.

Western Agripharma Acquisition

RavenQuest BioMed recently announced a binding letter of intent to acquire Western Agripharma Ltd. and a 15-acre parcel of land for 4,335,294 common shares at $0.85 per share, or roughly $3.7 million in consideration. Management intends to apply its proprietary grow methodologies – Orbital Gardens – to the facility to dramatically increase the grams-per-square-foot production and unlock significant value in the transaction.

Western Agripharma is a late-stage applicant to become a licensed producer under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR). With a 125,000 purpose-built facility in British Columbia’s Sunshine Coast, Western Agripharma will have an annual production capacity of about 25,000 kilograms and increase RavenQuest BioMed’s total capacity to about 51,000 kilograms per year once everything is in operation.

In addition to the 125,000 sq. ft. facility, Western Agripharma also owns a 23.75 percent stake in Atlantic Cannabis Corp., which intends to build a 50,000 sq. ft. facility and holds an additional 120 acre property in early stage application on Nova Scotia’s Cape Breton Island. This opportunity represents a longer-term opportunity in the cannabis industry, but offers additional production capacity that is geographically diversified.

Building a Presence Across Canada

The move to acquire Western Agripharma – and part of Atlantic Cannabis Corp. – is part of the RavenQuest BioMed’s long-term plan to expand its geographic footprint throughout Canada. Once the deal is completed, the company will have state of the art licensed facilities in Ontario, Alberta, and British Columbia, which represent three of the most dynamic markets in Canada for the cannabis industry given their population sizes and usage patterns.

“This acquisition adds the important British Columbia market to our growing presence in key markets across Canada,” said RavenQuest BioMed CEO George Robinson. “RavenQuest will have state of the art licensed cannabis facilities in Ontario, Alberta and British Columbia … The Western Agripharma facility will produce 25,000 kilograms annually, meaning RavenQuest’s planned projects will combine to produce 51,000 kilograms annually at build out.”

The acquisition strategy is also just one of the company’s four-pillar approach to the industry, which includes Indigenous People’s partnerships, investments in near-term cultivation, immediate revenue from management services, and ongoing research. Management has reported progress across all of these pillars over the past several quarters and the latest LOI to acquire a new late-stage applicant underscores these developments.

Looking Ahead

RavenQuest BioMed Inc. (CSE: RQB) represents a compelling investment opportunity in Canada’s burgeoning cannabis market. With its latest acquisition of a late-stage applicant, the company has both increased its planned production capacity and diversified its geographical footprint. These developments are only just the latest of many developments towards scaling up its four-pillar approach to the cannabis industry.
For more information, visit the company’s website or download their investor presentation.

Disclaimer

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

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48North Cannabis: A Vertically-Integrated Brand Portfolio Focused on Women

The Canadian cannabis industry is projected to reach C$22.6 billion over the coming years, according to Deloitte, driven by the legalization of adult-use cannabis nationwide later this year. While most of the roughly 100 licensed producers in the market are focused on marketing to men, the market is starting to realize that women actually account for at least half — and possibly a majority — of the overall market.

48North Cannabis Corp. (TSX-V: NRTH) recently began trading on the TSX Venture exchange as the first vertically-integrated house of brands focused on women’s health and wellness in the cannabis industry. As one of the only publicly-traded cannabis companies with a female CEO, the company is uniquely positioned to target this underserved demographic with innovative brands and top-shelf product.

Women and Cannabis

Men are more likely to use almost all types of illicit drugs, according to the National Institute on Drug Abuse, and have higher rates of dependence on drug and alcohol. Since cannabis has historically been grouped in with illicit drugs under the federal government’s Controlled Substances Act, most people assumed that men were the largest audience for cannabis following legalization, and have skewed their marketing toward that demographic.

 

According to the Cannabis Consumers Coalition, these assumptions are wrong and companies could be making a big mistake by only targeting men. The organization’s survey found that 53 percent of women consumed cannabis compared to only 42 percent of men. A narrowing gender gap would mirror other national trends, such as the fact that women make a majority of purchasing decisions in households.

Marijuana Business Daily also found that the percentage of women who held executive positions in the cannabis industry was sharply higher than the national average for all companies at 36 percent in 2015. These figures fell to about 27 percent in 2017, but are still higher than the national average of 23 percent across all companies. This suggests that women play an important role in the burgeoning cannabis industry.

48North’s Pure Play

48North Cannabis is an ACMPR licensed producer of medical cannabis with a 40,000 sq. ft. state-of-the-art facility in Ontario, Canada. Management believes that the facility will be capable of producing around 2,500 kilograms of cannabis each year, although it has plans to build out an additional 200,000 sq. ft. facility to boost production to 40,000 kilograms per year on its 800 acres of fully-owned land.

While there are more than 100 licensed producers in Canada, the company sets itself apart with its focus on women’s health and wellness and its high-quality genetics that have been sourced from the Netherlands. Management plans to leverage its intellectual property and proprietary formulations, as well as partnerships with existing U.S. and global brands, to bring licensed products to Canada’s upcoming recreational market — with a focus on women.

“48North is a future-focused company on track to serve the female health and wellness cannabis market with innovative next-generation products and brands,” says CEO Alison Gordon. “As Canada’s first female CEO of a now publicly-traded licensed producer of cannabis, 48North will provide an intrinsic and authoritative view to a valuable demographic that is currently underserved in this industry.”

Looking Ahead

48North Cannabis Corp. (TSX-V: NRTH) represents a compelling investment opportunity in Canada’s burgeoning cannabis market. With a focus on women’s health and wellness, the company is targeting a unique and underserved demographic with high-quality cannabis that’s packaged into innovative brands. Investors may want to take a closer look at the company after it recently went public on the TSX Venture exchange.
For more information, visit the company’s website at www.48nrth.com.

Disclaimer

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

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High Hampton’s CoachellaGro is a GO as Management Eyes California Market

The U.S. cannabis industry is projected to hit $50 billion by 2020, according to Cowen & Co., driven by the legalization of adult-use and medical cannabis throughout a growing number of states. In particular, California’s market could become a $5.1 billion market opportunity over the coming years as the fifth largest economy in the world, making it one of the most attractive cannabis markets in the world.

High Hampton Holdings Corp. (CSE: HC) (FSE: 0HCN) is well-positioned to capitalize on California’s market after its CoachellaGro asset received final approval and its distribution strategy is starting to materialize. Investors may want to take a closer look at the stock as it begins building its cannabis campus in California and finalizes its deal to acquire a leading cannabis distributor based in West Sacramento.

CoachellaGro is a Go

High Hampton’s CoachellaGro is strategically located in a medicinal cannabis zone that’s 45 kilometers east of Palm Springs, 72 kilometers east of Riverside, and 210 kilometers east of Los Angeles. The company plans on building a 194,000 sq. ft. greenhouse facility for the purpose of medical cannabis cultivation. Since then, the company retained Vertical Construction Co. to build out a GMP Certified cultivation and processing space.

After receiving a conditional use permit on May 2, the public was given a 30 day appeal period to challenge the project. This period recently expired and the company recently announced on June 7 that the City of Coachella’s Planning Commission has ratified through resolution and amended requested conditions and parking variances. The move paves the way for the company to go forward with its buildout to bring the project to life.

“With the adoption of the resolution, variance, and the 30 day appeal process behind us, we can start the construction documentation process,” said High Hampton CEO David E. Argudo in the press release. “We have retained Vertical Construction Co. to assist us in the design build and provide input on the design process, early value engineering, and all the required coordination and consulting involved in the construction.”

Prepared for Distribution

High Hampton has made significant progress in building out its production footprint, and management is equally focused on building out its distribution ahead of time. In particular, the company is targeting California’s $5.1 billion cannabis industry, which has seen strong support from lawmakers.

On May 2, the company entered into a binding term sheet to acquire 8 Points Management LLC and its subsidiary Bravo Distro. Bravo is a fast-growing California-based cannabis distributor founded by the same team that served as the brainchild for one of the first companies in California to receive a permit for medical cannabis wholesale logistics, distribution,and transportation.

The acquisition will provide the following benefits:

  • Access to an immediate distribution hub in West Sacramento.
  • Adds a team of alcohol distribution veterans and cannabis industry experts.
  • Foundation for building out a prominent distribution network throughout California.

“Securing distribution is a crucial if not the most important component of a successful business model for the California cannabis market,” said Mr. Argudo. “In 8 Points Management, we have found a well-positioned operator that offers a full-service distribution model for our industry and will help us establish access to major distribution hubs in strategic locations throughout California including a prominent location in West Sacramento.”

Looking Ahead

High Hampton Holdings Corp. (CSE: HC) (FSE: 0HCN) represents a compelling investment opportunity in California’s nascent cannabis industry. After formalizing its conditional use permit at CoachellaGro and moving to acquire distribution channels in California, the company is uniquely positioned to build its Coachella-based campus and distribute products throughout California’s large and growing market.

For more information, visit the company’s website or download their investor presentation.

Disclaimer

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

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High Hampton Adds Key Personnel to Board and Management

TORONTO, June 18, 2018 /CNW/ – High Hampton Holdings Corp. (CSE: HC) (FSE: 0HCN) (“High Hampton” or the “Company“) today announced that it has appointed key personnel to the board of directors and management team to help assist the Company in its aggressive growth cycle. C Suite executive Robert Allen has accepted his appointment to High Hampton’s board of directors, and private and public sector veteran Thomas Sykes joins the Company as Senior Human Resources Manager.

David E. Argudo, CEO of High Hampton, commented:

“We continue to complement our management and board with professionals who can best accommodate High Hampton in the various stages of growth and as we evolve to become a prominent player in the California cannabis market. I am happy to welcome both Robert and Tom to our team and look forward to benefitting from their wealth of knowledge and experience in their respective fields.

On behalf of the entire team, I would like to express my sincere thanks and appreciation to our interim board member Fiona Fitzmaurice who will continue to serve High Hampton in the capacity of CFO.”

Robert Allen commented on his appointment as follows:

“This is an exciting time both for the Company and the industry. In High Hampton I feel that we have the skills, knowledge and resources to execute and capitalize on this opportunity. I look forward to working with the team, helping them provide returns to shareholders.”

Tom Sykes added:

“I am excited about the future of High Hampton, and I am looking forward to overseeing the HR compliance and best practices of High Hampton and its acquisitions.”

About Robert Allen

Robert Allen, CA, is an investor, entrepreneur, C Suite Executive with 20 plus years of experience building, leading, and advising both public and private corporations through complex restructurings, acquisitions/divestitures, and capital market transactions. He currently is engaged as a “turn around” agent where he provides strategic advisory services to Boards and Management which include the establishment of Boards and their associated Governance and policies, strategic refreshes including restructuring, and instilling accountability for results. He has also been a principal investor and participated in the startup of three Companies of which he helped take two public.

Earlier in his career Robert acted as both CFO and CEO to large public corporations (Ainsworth Lumber 2003-2009, TimberWest 2009-2012), both with revenues in excess of $1 billion. In these capacities, Robert led all facets of the businesses including, operations, marketing and transportation, business development, finance and accounting, human resources, and IT. He led the sale of TimberWest ($1.06 billion) and transitioned Ainsworth Lumber from a family-owned ($2 billion) Company. Mr. Allen’s experience also includes Skeena Cellulose, a private organization with forestry holdings that included a pulp mill, three sawmills and associated timber holdings. Beginning in 1994 as a business analyst, he exited Skeena in 2001 as the CEO.
Mr. Allen holds a Bachelor of Science in Agriculture and a Master’s degree in Accounting from the University of British Columbia.

About Thomas Sykes

Thomas Sykes has more than three decades of experience in the private and public sectors, having worked for the Union Pacific Railroad, Southwest Management Consulting, the City of Whittier, the State of California, the City of Commerce, the City of Industry, and managing his own consulting company.  During his career he has been involved in the creation and start-up of 3 new companies (public agencies)- Foothill Transit, an award winning public transit system in the San Gabriel Valley (A public-private partnership) where he served as President of the Executive Board;  the San Gabriel Valley Mosquito and Vector Control District, where he served as President of the Board of Trustees and the Chair of the Personnel Committee, as well as the Chairman of the Trustee Board of the California Mosquito and Vector Control Association;  and The State of California Biodiversity Council, where he represented the Southern California Association of Governments.

Thomas Sykes is a retired City Administrator/Redevelopment Agency Executive Director for the City of Commerce, where he was responsible for 650 employees and a $100,000,000 annual budget.  He also served in many other capacities during his 32 year career with Commerce, including Recreation Center Director, Management Analyst, Personnel Analyst,  Assistant Director of Special Services, Director of Personnel, and Assistant City Administrator.  As a 16 year elected member of the Walnut City Council, Thomas Sykes served 4 terms as Mayor, serving several years on the Southern California Joint Powers Insurance Authority Board of Directors, where he received his Risk Manager Certification.

Thomas Sykes holds a Master’s Degree in Public Administration, with a Minor in Business, from California State University in Northridge, California, and a Bachelor’s Degree in Recreation and Leisure Studies, from California State University in Long Beach, California.
Thomas Sykes is a member of the Society for Human Resource Management and has a vast amount of experience in the Personnel, Labor Relations and Human Resources Management field.

About High Hampton Holdings Corp.

High Hampton Holdings Corp. is a cannabis sector investment company focused on opportunities in California. The Company’s wholly owned subsidiary, CoachellaGro Corp., is a California corporation focused on the development of their 254,000 sq ft. greenhouse facility situated in the cannabis industrial park located in Coachella, California. CoachellaGro has received a conditional use permit (CUP) for development of a full-service production facility in order to serve third party state licensed medicinal marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside over 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis. The complex is intended to contain all the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.

Social Media

Facebook: facebook.com/highhampton
Twitter: twitter.com/highhamptonHC
LinkedIn: linkedin.com/HighHampton

Stock Exchanges

High Hampton trades in Canada, ticker symbol HC on the CSE, and in Europe, ticker symbol 0HCN on the FSE. Neither the CSE, nor the FSE has approved nor disapproved the contents of this press release. Neither the CSE, nor the FSE accepts responsibility for the adequacy or accuracy of this release.

Marijuana Industry Involvement

Canadian listings (CSE) will remain in good standing as long as they provide the disclosure that is required by regulators and complying with applicable licensing requirements and the regulatory framework enacted by the applicable state in which they operate. Marijuana is legal in certain states however marijuana remains illegal under US federal law and the approach to enforcement of US federal law against marijuana is subject to change. Shareholders and investors need to be aware that adverse enforcement actions could affect their investments and that High Hampton’s ability to access private and public capital could be affected and or could not be available to support continuing operations.

On behalf of the Board of Directors

High Hampton Holdings Corp.

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the intention of the parties to complete the Acquisition and certain ancillary transactions contemplated thereby. These transactions are subject to a number of material risks, and there is no assurance that they will be completed on the terms or within the timeframes currently contemplated, or at all. The forward-looking information contained in this press release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

All monetary references herein refer to Canadian dollars unless otherwise specified.

SOURCE High Hampton Holdings Corp.

View original content: http://www.newswire.ca/en/releases/archive/June2018/18/c4416.html

Please contact High Hampton, 8 Wellington St. E. Mezzanine Level | Toronto, On | M5E 1C5 | www.HighHampton.com; David E. Argudo, Chief Executive Officer, Email: david@highhampton.com, Phone: 1.844.420.CALI Or Christian Scovenna, Director & VP Corporate Finance, Email: christian@HighHampton.com, Phone: 1.844.420.CALICopyright CNW Group 2018

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Pascal Biosciences Receives DEA Schedule I License for Cannabinoid Development and Renews UBC Collaboration

VANCOUVER, British Columbia, June 18, 2018 (GLOBE NEWSWIRE) — Pascal Biosciences Inc. (TSX-V:PAS) (Pascal), is pleased to announce significant progress in its cannabinoid based research and development program with the University of British Columbia (UBC). Pascal has been licensed by the US Drug Enforcement Administration (DEA) to conduct research and development on cannabinoids. Pascal is also pleased to renew the UBC collaboration and continue financial support of Dr. Wilfred Jefferies’ laboratory at the Michael Smith Laboratories.

Pascal is one of only a few organizations with a Schedule I Researcher license in the United States that is not a university. Obtaining a DEA Schedule I Researcher license is a rigorous process, requiring a well-documented line of scientific investigation in a formal application, inspection of laboratory facilities, review of Pascal’s plans for record-keeping, and confirmation of facility security. “Receiving our Schedule I DEA license allows us to immediately conduct advanced R&D on cannabinoids, with a goal of conducting clinical trials on cancer patients as soon as possible”, commented Dr. Patrick Gray, CEO at Pascal.

Dr. Jeffries was the first scientist to discover specific cannabinoids that can increase the immune recognition of both mouse and human cancer cells. Together, both labs have greatly extended this work. Over 375 natural and synthetic cannabinoids have been tested, and the most potent and safe cannabinoids have been identified. “Previous support by Pascal enabled the discovery of specific cannabinoids that enhance detection and elimination of cancers by the immune system”, commented Dr. Jefferies. “Together we have made great progress in developing a cannabinoid for cancer. Pascal’s continued financial support will enable a lead product to complete preclinical efforts for treatment of patients with cancer.”

In order to undertake this work, both the Pascal development lab in Seattle and Dr. Jefferies’ lab in Vancouver, BC were required to be licensed by the appropriate government agencies. In addition to Pascal being awarded the Schedule I Researcher license by the U.S. DEA, Dr. Jefferies’ lab has received approval from Health Canada for an exemption under Section 56 of the Controlled Drugs and Substances Act.  This approval allows the lab to utilize controlled substances for research and development purposes and to test cannabinoid compounds in cell-based studies and in animal models of human diseases.

Cannabinoids have previously been used in the treatment of cancer symptoms, including nausea, appetite enhancement, and pain management. However, Pascal is the first to identify a mechanism by which cannabinoids may provide a direct benefit in immunotherapy. This discovery may enhance the performance of other cancer therapeutics such as checkpoint inhibitors, which activate the immune system to destroy cancer cells.

ABOUT UBC AND THE VANCOUVER PROSTATE CENTRE
In addition to his role as Professor at the UBC Michael Smith Laboratories, Dr. Wilfred Jefferies is the scientific founder of Pascal and the Head of the Immune Oncology program in the Vancouver Prostate Centre.

The University of British Columbia is a global centre for research and teaching, consistently ranked among the 40 best universities in the world. Since 1915, UBC’s West Coast spirit has embraced innovation and challenged the status quo. Its entrepreneurial perspective encourages students, staff and faculty to challenge convention, lead discovery and explore new ways of learning. At UBC, bold thinking is given a place to develop into ideas that can change the world.

To learn more, visit: www.ubc.ca

The Vancouver Prostate Centre is a research hub hosted by UBC and Vancouver Coastal Health Research Institute and designated National Centre of Excellence for Commercialization and Research. The Vancouver Prostate Centre (VPC) has a track record of success that has earned it a reputation as one of the world’s most respected cancer facilities. The combination of a large patient clinic and clinical trials facility, together with a world-class translational research program under the same roof, make the VPC the largest program of its kind in Canada.
To learn more, visit: www.prostatecentre.com

ABOUT PASCAL BIOSCIENCES INC. 
Pascal Biosciences, Inc. is a drug discovery and development company focused on harnessing the body’s immune system to fight cancer. The Company’s three significant technologies are:

  1. Utilizing proprietary screening systems for identifying novel compounds that are able to restore immune recognition and killing of cancer cells;
  2. Exploiting the regulation of specific calcium channels expressed by cells of the immune system. By regulating these calcium channels, immune activity can be controlled to combat cancers, infections and autoimmune diseases;
  3. Developing a therapeutic monoclonal antibody for B-cell precursor acute lymphoblastic leukemia, the most common childhood leukemia, in collaboration with the University of New Mexico.

To learn more, visit: https://www.pascalbiosciences.com/.

On Behalf of the Board of Directors
Dr. Patrick W. Gray, President & CEO

Company Contact:
Dr. Karina Leal
Tel: 206-221-3443

Investors:
invest@pascalbiosciences.com
Tel: 206-221-3443

DISCLAIMER

Certain statements in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including without limitation statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect” and similar expressions. Such forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause our actual results, events or developments, or industry results, to be materially different from any future results, events or developments express or implied by such forward-looking statements or information. Such factors include, among others, our stage of development, lack of any product revenues, additional capital requirements, risk associated with the completion of clinical trials and obtaining regulatory approval to market our products, the ability to protect our intellectual property, dependence on collaborative partners and the prospects for negotiating additional corporate collaborations or licensing arrangements and their timing. Specifically, certain risks and uncertainties that could cause such actual events or results expressed or implied by such forward-looking statements and information to differ materially from any future events or results expressed or implied by such statements and information include, but are not limited to, the risks and uncertainties that: products that we develop may not succeed in preclinical or clinical trials, or future products in our targeted corporate objectives; our future operating results are uncertain and likely to fluctuate; we may not be able to raise additional capital; we may not be successful in establishing additional corporate collaborations or licensing arrangements; we may not be able to establish marketing and the costs of launching our products may be greater than anticipated; we have no experience in commercial manufacturing; we may face unknown risks related to intellectual property matters; we face increased competition from pharmaceutical and biotechnology companies; and other factors as described in detail in our filings with the Canadian securities regulatory authorities at www.sedar.com. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements and information, which are qualified in their entirety by this cautionary statement. All forward-looking statements and information made herein are based on our current expectations and we undertake no obligation to revise or update such forward- looking statements and information to reflect subsequent events or circumstances, except as required by law.

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release”

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James E. Wagner Cultivation Corporation Signs Letter of Intent With MediPharm Labs Inc.

TORONTO, June 18, 2018 (GLOBE NEWSWIRE) — James E. Wagner Cultivation Corporation (TSX VENTURE:JWCA) (“JWC” or the “Company“) is pleased to announce that it has entered into a letter of intent (“LOI“) with Medipharm Labs Inc. (“MediPharm“) pursuant to which the parties have agreed to negotiate a potential commercial arrangement whereby MediPharm will initiate a cannabis concentrate program for JWC that will involve JWC providing MediPharm with dried cannabis to use for the purposes of creating cannabis oil (the “Program“).

Upon execution of a definitive agreement in respect of the Program and subject to the bulk transfer approval of Health Canada, JWC will ship dried cannabis to MediPharm which MediPharm will use to produce cannabis oil. The parties intend that under the Program, MediPharm may provide cannabis oil to JWC or to other licensed producers of medical cannabis at the direction of JWC. Alternatively, JWC may release the cannabis extract for use by MediPharm. The Program will be established at no capital cost to JWC; however, MediPharm will charge JWC processing fees for the cannabis oil produced, and the revenue earned on sales of cannabis oil by MediPharm will be shared between MediPharm and JWC.

The parties intend that the term of the Program will be three years. This will provide JWC with a strategy for providing cannabis oil to patients.

Nathan Woodworth, JWC’s President and Chief Executive Officer, said: “JWC is a licensed producer of medical cannabis located in Kitchener, Ontario. By exclusively employing our proprietary aeroponic platform, GrowthStorm™, we are able to grow clean and consistent medical cannabis in our state of the art facility. JWC grew from starting as a family business, founded on family values. Since our inception as a group of patients and growers under the MMAR, we have remained focused on providing the best possible patient experience. We are very excited to enter into a relationship with MediPharm, which will allow us to provide our patients with convenient, effective edible cannabis oil products. The relationship with MediPharm will facilitate and expedite our ability to obtain the necessary licence amendments which will enable us to produce and then sell extract products derived from our quality-controlled plant material. We strongly believe that this is an important option for many patients, as an alternative method of dosing and ingestion. In its relationship with MediPharm, JWC will be able to provide a line of cannabis oils which will perfectly complement the other products offered by the Company.”

The implementation of the Program is subject to the completion of each parties’ due diligence and the negotiation and execution of a definitive agreement in respect of the Program.

About MediPharm Labs Inc.

MediPharm is a licensed producer of medical cannabis under the Access to Cannabis for Medical Purposes Regulations. MediPharm is Canada’s first Licensed Producer approved solely for cannabis oil production. MediPharm anticipates receiving its license to sell cannabis oil in fall 2018. MediPharm produces a number of cannabis concentrate products approved by Health Canada, including purified cannabinoids, sublingual drops, diluted cannabis oil, soft gel capsules, formulated vape cartridges and tabs and pills.

For additional information about MediPharm, please see the company’s website: www.medipharmlabs.com.

About James E. Wagner Cultivation Corporation

JWC is a premier cannabis business that focuses on growing its cannabis aeroponically, using cutting edge cannabis technologies and growing practices. Although many methods are used to produce cannabis under the Access to Cannabis for Medical Purposes Regulations, it is important to note that these methods will often result in a variety of different outcomes. Through its various proprietary technologies involved in all stages of the growing process, JWC prides itself on continuing to provide patients with clean, consistent medical cannabis products of high quality.

For additional information about JWC, please refer to JWC’s profile on SEDAR (www.sedar.com) or the Company’s website: https://www.jwcmed.com/home.html 

Notice regarding forward-looking statements:

This press release contains forward-looking statements about JWC and its business which may include, but is not limited to, risk, uncertainties and other factors that may cause actual events to differ materially from current expectations. The forward-looking events and circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting JWC. For example, there can be no guarantee that JWC will enter into a definitive agreement in respect of the Program, or that such definitive agreement will be negotiated on the same terms as set out in the LOI. Other risk factors include risks regarding the cannabis industry, economic factors, the equity markets generally and risks associated with growth and competition. Although JWC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information about this release, please contact Nathan Woodworth, the President and Chief Executive Officer of JWC:

Email: nathan@jwcmed.com
Phone: (519) 594-0144 x421

 

Source: GlobeNewswire (June 18, 2018 – 9:32 AM EDT)

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Green Thumb Industries Lists on the CSE

The Subordinate Voting Shares of Green Thumb Industries Inc. have been approved for listing on the CSE.

Listing and disclosure documents will be available at www.thecse.com on the trading date.

Green Thumb Industries (GTI), a multi-state cannabis cultivator, processor and dispensary operator, is dedicated to providing dignified access to safe and effective cannabis nationwide while giving back to the communities in which they serve. As a vertically integrated company, GTI manufactures and sells a well-rounded suite of branded cannabis products including flower, concentrates, edibles, and topicals. The company also owns and operates a rapidly growing multi-state chain of retail cannabis stores called RISE™ dispensaries. Headquartered in Chicago, Illinois, GTI has seven manufacturing facilities and licenses for 50 retail locations across seven highly regulated U.S. markets.

________________________

Les actions à droit de vote subalterne de Green Thumb Industries Inc. ont été approuvées pour inscription à la cote du CSE.

Les documents d’inscription et de divulgation seront disponibles sur www.thecse.com à la date de négociation.

Green Thumb Industries (GTI), un cultivateur de cannabis multi-étatique, un transformateur et un dispensaire, se consacre à fournir un accès digne à du cannabis sûr et efficace à l’échelle nationale tout en redonnant aux communautés dans lesquelles ils servent. En tant qu’entreprise verticalement intégrée, GTI fabrique et vend une gamme complète de produits de cannabis de marque, notamment des fleurs, des concentrés, des produits comestibles et des topiques. La société possède et exploite également une chaîne multi-étatique en croissance rapide de magasins de cannabis au détail appelée RISE ™ dispensaries. GTI, dont le siège social est situé à Chicago, dans l’Illinois, possède sept installations de fabrication et des licences pour 50 points de vente répartis sur sept marchés américains hautement réglementés.

Issuer/Émetteur: Green Thumb Industries Inc.
Security Type/Titre: Subordinate Voting Shares/ Actions à droit de vote subalterne
Symbol(s)/Symbole(s): GTII
Number of securities issued and outstanding/ Titres émis et en circulation: 11,245,439
Number of Securities reserved for issuance/ Titres réservés pour émission: 129,735,000
CSE Sector/Catégorie: Life Sciences/Sciences biologiques
CUSIP: 39342L 10 8
ISIN: CA 39342L 10 8 5
Boardlot/Quotité: 100
Trading Currency/Monnaie de négociation: CDN$/$CDN
Trading Date/Date de negociation: Le 13 juin/June 2018
Other Exchanges/Autres marches: N/A
Fiscal Year end /Clôture de l’exercice financier: December 31/Le 31 décembre
Transfer Agent/Agent des transferts: Odyssey Trust Company

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse:  Listings@thecse.com

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iAnthus Capital Holdings, Inc. Signs Host Community Agreement for Massachusetts Medical Marijuana Treatment Center

iAnthus Capital Holdings, Inc. (“iAnthus” or “the Company”), (CSE: IAN)(CSE: IAN.CN)(CNSX: IAN)(OTCQB: ITHUF), which owns, operates, and partners with licensed cannabis operations throughout the United States, announced today that Mayflower Medicinals, Inc. (“Mayflower”) has signed a Host Community Agreement (“HCA”) with the City of Lowell, Massachusetts, to operate a Medical Marijuana Treatment Center located at 450 Chelmsford Street. Lowell, Massachusetts.

Mayflower intends to diligently pursue a Special Permit at the site.  If granted, the dispensary is expected to be one of only two operating dispensaries within the Lowell city limits.

“The Commonwealth of Massachusetts and the City of Lowell have abided by high program standards that are firmly focused on patient care and regulatory compliance,” said John Henderson, Chief Development Officer of iAnthus. “Mayflower is honored to have successfully completed its host community agreement with Lowell, which adds significant value to the project by documenting a supportive relationship between the City and the development of the Registered Marijuana Dispensary site.”

Mayflower is a non-profit Massachusetts corporation that has received two provisional licenses to operate Registered Marijuana Dispensaries (“RMDs”) in Massachusetts, with a third RMD application pending before the Massachusetts Department of Public Health (“DPH”). Mayflower is an affiliate of the Company’s wholly-owned Massachusettsmanagement services company, Pilgrim Rock Management, LLC, and Mayflower’s financial operations are consolidated with iAnthus.

The table below presents an overview of the Company’s operations in Massachusetts:

Facility

Status

Location

Approx.

Square

Footage

Population

(Municipality)

Population

(Greater

Metro Area)

Current

Operators

Dispensary

#1

Provisional

License

Boston

1,500

673,000

4,628,000

1

Dispensary

#2

Provisional

License

Lowell

3,000

106,000

300,000

1

Cultivation

Provisional

License

Holliston

36,000

N/A

N/A

N/A

Additional information about iAnthus may be accessed on the Company’s website at www.iAnthusCapital.com and under the Company’s SEDAR profile at www.sedar.com.

About iAnthus Capital Holdings, Inc.

iAnthus Capital Holdings, Inc. owns and operates best-in-class licensed cannabis cultivation, processing and dispensary facilities throughout the United States, providing investors diversified exposure to the U.S. regulated cannabis industry. Founded by entrepreneurs with decades of experience in operations, investment banking, corporate finance, law and health care services, iAnthus provides a unique combination of capital and hands-on operating and management expertise. The Company uses these skills to support operations across six states. For more information, visit www.iAnthusCapital.com.

Forward Looking Statements

Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in iAnthus’ periodic filings with Canadian securities regulators. When used in this news release, words such as “will, could, plan, estimate, expect, intend, may, potential, believe, should,” and similar expressions, are forward-looking statements.

Forward-looking statements may include, without limitation, statements including statements related to Mayflower’s intention to pursue a Special Permit and other statements of fact.

Although iAnthus has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under US Federal laws; change in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change.

There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. iAnthus disclaims any intention or obligation to update or revise such information, except as required by applicable law, and iAnthus does not assume any liability for disclosure relating to any other company mentioned herein.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

SOURCE iAnthus Capital Holdings, Inc.

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Khiron Forms Exclusive Strategic Alliance with ILANS, Expanding Distribution Network to Over 500,000 Patients

Khiron life Sciences Corp. (“Khiron” or the “Company”) (TSXV: KHRN), a Canadian integrated medical cannabis company with its core operations in Colombia, announced today that the Company has formed an exclusive strategic alliance with Latin American Institute of Neurology and the Nervous System (“ILANS”), one of the most respected, fastest growing, and largest health service provider networks in Colombia and Latin America. ILANS represents an estimated 100,000 patients, with the majority of these patients being located in Colombia.

Alvaro Torres, Chief Executive Officer of Khiron, stated, “This exclusive strategic alliance with ILANS represents a significant increase in the size of the potential patient base for Khiron. From the beginning, Khiron’s core focus has been to address the medical needs of patients by supplying high-grade medical cannabis products and forming strategic alliances to build and educate our patient base with the objective of developing and scaling recurring revenue streams.

In combination with the recently announced alliances with the Colombian Association of Internal Medicine (ACMI) and the Colombian Association of Neurology (ACN), we conservatively estimate that our distribution network can access over 500,000 patients, or 9% of the addressable 5.6 million total potential patients in Colombia (source: QuintilesIMS). We will continue to rapidly expand our patient network through these alliances and will evaluate further cultivation and production expansion based on the greater than initially forecasted market demand.”

Commercial Terms

The alliance provides for research, technological product development, and evaluation and commercialization of products related to all aspects of medical cannabis.

Key commercial elements of the alliance with ILANS include:

  • Collaborative research projects, consultancies, and advice on medical, pharmacological and educational processes related to psychoactive and non-psychoactive medical cannabis.
  • Referral arrangements for treatment of patients with chronic pain, epilepsy, post-chemotherapy nausea, sleep disorders, Parkinson’s disease, Tourette’s syndrome, and multiple sclerosis. The parties will also evaluate programs for additional diseases or pathologies.
  • Sale and supply agreements for medical grade cannabis for patients by Khiron.
  • ILANS has provided Khiron an exclusivity for eight years. The parties will have mutual access and ownership of all intellectual property created.

Liquidity Service Providers

The Company has retained Trapeze Capital Corp. (“Trapeze”) and Integral Wealth Securities Limited (“Integral”) both of Toronto, Canada to provide market-making services in accordance with the policies of the TSX Venture Exchange (“TSX-V”). Under the terms of their agreements, Trapeze and Integral will each receive cash compensation of $5,500 per month and will not receive any common shares or options of Khiron. Trapeze and Integral do not own any securities of Khiron. However, Trapeze and Integral and their clients may acquire a direct interest in the securities of Khiron. The parties are unrelated and unaffiliated entities. Trapeze and Integral are members of the Investment Industry Regulatory Organization of Canada, participating organizations of the Toronto Stock Exchange and members of TSX-V. The capital and securities required for any trade undertaken by Trapeze and Integral as principals will be provided by Trapeze and Integral. The agreement with Trapeze is for an initial term of 180 days, with automatic renewals for a further 180 days unless terminated. The agreement with Integral is for an initial term of 90 days.

About the Latin American Institute of Neurology and the Nervous System

Latin American Institute of Neurology and the Nervous System (“ILANS”) is a network of health service providers. In 2017, ILANS treated 100,000 patients with neurological, psychiatric, respiratory, urological and orthopedic diseases, among others. ILANS patients are serviced by the Colombian health system and other countries.

Services are provided through programs with content, objectives and budgets. ILANS has various clinics, which bring together specialists and technicians from specific neurosciences and related specialties. The activities of each clinic provide for medical and surgical treatments. Patient clinical information is utilized develop diagnostic studies from which medical and surgical treatments are derived.

About Khiron Life Sciences Corp.

Khiron is a Canadian integrated medical cannabis company with its core operations in Colombia, and is fully licenced in Colombia for the cultivation, production, domestic distribution, and international export of both tetrahydrocannabinol (THC) and cannabidiol (CBD) medical cannabis. Khiron combines leading international scientific expertise, agricultural advantages, and branded product market entrance experience to address the unmet medical needs in a market of over 620 million people in Latin America.

Further information on Khiron Life Sciences can be found at www.khiron.ca.

Cautionary Note

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release may contain certain forward-looking information and statements (“forward-looking information”) within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including without limitation statements containing the words “believes”, “anticipates”, “plans”, “intends”, “will”, “should”, “expects”, “continue”, “estimate”, “forecasts” and other similar expressions. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Khiron undertakes no obligation to comment analyses, expectations or statements made by third-parties in respect of Khiron, its securities, or financial or operating results (as applicable). Although Khiron believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond Khiron’s control, including the risk factors discussed in Khiron’s Filing Statement which is available on Khiron’s SEDAR profile at www.sedar.com. The forward-looking information contained in this press release is expressly qualified by this cautionary statement and are made as of the date hereof. Khiron disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

SOURCE Khiron Life Sciences Corp.

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MPX Completes Acquisition of Canadian Licensed Producer

MPX Bioceutical Corporation(“MPX” or the “Company”) (CSE:MPX) (OTC:MPXEF) is pleased to announce that it has successfully completed the acquisition of 100% of the issued and outstanding shares (the “Canveda Shares”) of 8423695 Canada Inc. operating as Canveda (“Canveda”), as previously announced on April 17, 2018. Canveda is a Licensed Producer under Health Canada’s Access to Cannabis for Medical Purposes Regulations having received its Cultivation License on June 12, 2017.

Canveda’s fully built-out 12,000 square foot facility, located in Peterborough, Ontario, is ready to commence its first production run and is capable of producing 1,000-1,200 kilograms of high quality cannabis flower annually.

Terms of Acquisition

MPX has acquired all the Canveda Shares for a total purchase price of CDN$18,120,000 comprised of the following consideration:

 

  • CDN$3,120,000 in cash;
  • CDN$15,000,000 satisfied through the issuance of 21,428,571 common shares in the capital of MPX (the “MPX Shares”) issued at a price of CDN$0.70 per MPX Share; and
  • the issuance of 6,000,000 common share purchase warrants each exercisable into one (1) MPX Share at an exercise price of CDN$0.84 for a period of five (5) years from the date of issuance.

 

“With the acquisition of Canveda, MPX has established a foothold in Canada to develop a vertically integrated business from seed to sale,” said Michael Arnkvarn, Executive Vice-President and Chief Marketing Officer. “The next phase will be to expand our relationship with Panaxia, a leader in the utilization of medical cannabis in pharmaceutical solutions, to include Canada and to finalize strategic alignments with existing marijuana business enterprises that will shorten our path to a sustainable and profitable Canadian presence. We have acquired a tremendous amount of expertise in the production and marketing of cannabis oils, cannabis derivatives and cannabinoid-infused products, and in employing multiple delivery formats in the United States. We will leverage this knowledge to manufacture and distribute these products in Canada as they become approved for sale by Health Canada.”

“The Canveda acquisition should accelerate our ability to secure cultivation, sale and dealer licenses at our Owen Sound facility,” adds W. Scott Boyes, Chairman, President and CEO of MPX. “Entering into the Canadian market leverages our success in the United States to become a dominant North American marijuana enterprise and will allow us to explore new markets internationally. We believe that current and planned cultivation by existing licensed producers will oversupply the domestic market. Instead, we plan to focus on the production, distribution and retailing of high quality cannabis distillates and derivative products for the domestic medical and adult use markets and for export to the growing list of countries legalizing the use of medical cannabis.”

MPX has agreed to pay a finder’s fee equal to 1% of the purchase price in MPX Shares at the deemed price of $0.70 per MPX Share to Stoic Advisory Inc., an independent Toronto-based corporate finance advisory firm working with companies across the global cannabis industry.

About MPX Bioceutical Corporation

MPX, through its wholly-owned subsidiaries in the U.S., provides substantial management, staffing, procurement, advisory, financial, real estate rental, logistics and administrative services to three medicinal cannabis enterprises in Arizona operating under the Health for Life (dispensaries) and the award-winning Melting Point Extracts (high-margin concentrates wholesale) brands. The successful Health for Life brand operates in the rapidly growing Phoenix Metropolitan Statistical Area.  With the acquisition of The Holistic Center, MPX adds another operating medical cannabis enterprise to its footprint in Arizona.

GreenMart of Nevada NLV, LLC (“GreenMart NV”) is an award winning licensed cultivation, production and wholesale business, licensed for both the medical and “adult use” sectors in Las Vegas, Nevada, and is already selling wholesale into the Nevada medical cannabis market. GreenMart NV has also optioned suitable locations and intends to enter the higher-margin retail arena by applying for at least two dispensary licenses in the Las Vegas market which will operate under the “Health for Life” brand.

In Massachusetts, MPX is building out and will operate a cultivation and production facility as well as up to three dispensaries, and manages three full service dispensaries and one producer in Maryland.

In Canada, Canveda, which has received its cultivation license from Health Canada, will operate a cultivation and production facility in Peterborough, Ontario. The Company also leases a property in Owen Sound, Ontario, for which an application to Health Canada has been made for a cannabis production and sales license. In addition, the Company will continue its efforts to develop its legacy nutraceuticals business.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, MPX’s objectives and intentions.  Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; delay or failure to receive board, shareholder or regulatory approvals; those additional risks set out in MPX’s public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although MPX believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, MPX disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

On behalf of the Board of Directors

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Cannabix Technologies Provides Technology Update on Marijuana Breathalyzer Development

The Cannabix Marijuana Breathalyzer is being developed to give law enforcement and employers a tool to enforce public safety

VANCOUVER, British Columbia, June 18, 2018 (GLOBE NEWSWIRE) — Cannabix Technologies Inc. (CSE:BLO) (OTC PINK:BLOZF) (the “Company or Cannabix”) developer of the Cannabix Marijuana Breathalyzer for law enforcement and the workplace, is pleased to report that recent testing with Beta 3.0 has shown the identification and first order separation of two key metabolites of ∆9-tetrahydrocannabinol (“THC”), being 11-hydroxy-delta-9-tetrahydrocannabinol and 11-nor-9-carboxy-tetrahydrocannabinol in standards. In addition, scientists have made significant progress towards using lower flow rates that will become important for user groups with poor lung function. Furthermore, engineers have been testing a new breath capture method that can hold THC breath samples in a stable manner for several days.

∆9-tetrahydrocannabinol (“THC”) the main psychoactive component of marijuana is metabolized into and 11-nor-9-carboxy-tetrahydrocannabinol at different rates based on route of entry into the body. Smoked THC is converted predominantly to 11-nor-9-carboxy-tetrahydrocannabinol which is then glucuronidated to a water-soluble form that can be detected in body fluids. Ingested THC is metabolized via the hepatic portal circulation to 11-hydroxy-delta-9-tetrahydrocannabinol prior to oxidation to 11-nor-9-carboxy-tetrahydrocannabinol. The Cannabix FAIMS device coupled to real time switchable mass spectrometry is actively being tuned to detect these key molecules and their complex pathways in the body to enable the identification of recency of use.

The recent passing of legislation Bill C-45 by the Senate of Canada and legislative developments in the State of Vermont, have increased the number of inquires for the Cannabix breathalyzer device and the Company has received interest in piloting from both U.S. and Canadian law enforcement groups as well as other organizations that drug test their employees. The Senate Judiciary Committee in the state of Vermont recently rejected a bill to use saliva testing for THC enforcement, amid concerns of scientific validity, accuracy, and infringement on civil liberties.

Rav Mlait, CEO, stated, “With the passing of Bill C-45 in Canada the growing problem of drugged driving will increasingly become an issue of paramount concern for federal, provincial and civic governmental officials and the public at large who are concerned about maintaining public safety on our roads, institutions and in our workplaces. A recent study by the Governors Highway Safety Association found that drugs are being detected more often in drivers responsible for fatal crashes. The problem of drugged driving is compounded by lack of nationally accepted method for testing drugged driver impairment. Cannabix Technologies has been at the forefront of research and development in this arena and understands the complexities related to breath testing for marijuana. As the issue of drugged driving becomes increasingly acute, Cannabix is committed to using its technology, R&D and scientific experience to provide effective tools to aid law enforcement and help governments and the public transition to marijuana legalization in various jurisdictions.”

About Cannabix Technologies Inc.

Cannabix Technologies Inc. is a leader in marijuana breathalyzer development for law enforcement and the workplace. Cannabix has established breath testing technologies in the pursuit of bringing durable, portable hand-held tools to market to enhance detection of marijuana impaired driving offences on roads at a time when marijuana is becoming legal in many global jurisdictions. Cannabix is working to develop drug-testing devices that will detect THC- the psychoactive component of marijuana that causes intoxication- using breath samples. In particular, Cannabix is focused on developing breath testing devices for detection of recent use of THC, in contrast to urine testing for THC metabolite that requires an invasive collection and reflects usage, days or even weeks earlier. The devices will also be useful for other practical applications such as testing employees in the workplace where impairment by THC can be hazardous.

We seek Safe Harbor.

On behalf of the Board of Directors

“Rav Mlait”

CEO
Cannabix Technologies Inc.

For further information, contact the Company at info@cannabixtechnologies.com

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as final development of a commercial or prototype product(s), successful trial or pilot of company technologies, no assurance that commercial sales of any kind actually materialize; no assurance the Company will have sufficient funds to complete product development. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) risks regarding protection of proprietary technology; (iii) the ability of the Company to complete financings; (iv) the ability of the Company to develop and market its future product; and (v) risks regarding government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings. There is no assurance that the marijuana breathalyzer business will provide any benefit to the Company, and no assurance that any proposed new products will be built or proceed. There is no assurance that existing “patent pending” technologies licensed by the Company will receive patent status by regulatory authorities. The Company is not currently selling commercial breathalyzers. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.

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Source: GlobeNewswire (June 18, 2018 – 8:45 AM EDT)

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Aurora Cannabis Closes Strategic Investment in Choom Holdings

Exposure to Unique Canadian Craft Cultivator and Retail Operator

TSX: ACB

EDMONTON , June 18, 2018 /CNW/ – Aurora Cannabis Inc. (“Aurora” or the “Company”) (ACB.TO) (ACBFF) ( Frankfurt : 21P; WKN: A1C4WM) announced today that it has closed its previously announced $7 million investment in Choom Holdings Inc. (“Choom”), whereby Aurora received 9,859,155 common shares from Choom’s treasury, priced at $0.71 per share, representing a 6% ownership interest. In total, Choom issued 14,225,352 shares for total gross proceeds of $10.1 million . All securities issued are subject to a four month hold period.

Since the announcement of the private placement, Choom closed its previously announced acquisition of Specialty Medijuana Products Inc. (“SMP”). SMP recently completed construction of its 10,000 square foot Sooke, British Columbia facility and expects to receive its cultivation license from Health Canada in the third quarter of 2018. In addition, SMP intends to expand production capacity by and additional 19,600 square feet at the Sooke facility, bringing the total capacity to 29,600 square feet. SMP has also submitted plans to construct two separate hybrid greenhouse facilities on the grounds of the Sooke Facility, which when completed would bring total production capacity to over 700,000 square feet.

Management Commentary

“This strategic investment positions Aurora to participate in the emerging craft cultivation market, as well as in an exciting Western Canada retail strategy with a seasoned team of executives,” said Terry Booth , CEO of Aurora. “Choom’s product cultivation strategy puts the cultivar first, developing a high-grade offering with unique flavour profiles, which are anticipated to resonate strongly with the adult-use consumer market, once legalized. We’re pleased to close our investment in Choom, and look forward to building a strong, long-term relationship with the team.”

Chris Bogart , President & CEO for Choom, added, “The financing provides us with the funds to accelerate the execution of our unique retail strategy moving forward. We are now well positioned to expand our production and retail footprint, and pursue further opportunities across Canada .”

About Aurora

Aurora’s wholly-owned subsidiary, Aurora Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”). The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta , known as “Aurora Mountain”, and a second 40,000 square foot high-technology production facility known as “Aurora Vie” in Pointe-Claire, Quebec on Montreal’s West Island. In January 2018 , Aurora’s 800,000 square foot flagship cultivation facility, Aurora Sky, located at the Edmonton International Airport, was licensed by Health Canada. Once at full capacity, Aurora Sky is expected to produce over 100,000 kg per annum of cannabis. Aurora is completing a facility in Lachute, Quebec utilizing its wholly owned subsidiary Aurora Larssen Projects Inc. (“ALPS”). ALPS provides comprehensive project services related to the design, engineering, construction support, compliance requirement, genetics, commissioning and maintenance of Aurora Standard production facilities across the globe.

The Company’s wholly-owned subsidiary CanniMed Therapeutics Inc. (“CanniMed”) is Canada’s first licensed producer of medical cannabis, with over 20,000 kg per annum in funded capacity. Aurora also owns Berlin -based Pedanios GmbH, the leading wholesale importer, exporter, and distributor of medical cannabis in the European Union. The Company owns 51% of Aurora Nordic, which will be constructing a 1,000,000 square foot hybrid greenhouse in Odense, Denmark .

The Company offers further differentiation through its acquisition of BC Northern Lights Ltd. and Urban Cultivator Inc., industry leaders, respectively, in the production and sale of proprietary systems for the safe, efficient and high-yield indoor cultivation of cannabis, and in state-of-the-art indoor gardening appliances for the cultivation of organic microgreens, vegetables and herbs in home and professional kitchens.

Aurora holds a 25% ownership interest in Alcanna Inc. (“CLIQ”), Western Canada’s largest private retail chain of liquor stores, who are developing a cannabis retail network in Western Canada . In addition, the Company holds approximately 17% of the issued shares in leading extraction technology company Radient Technologies Inc, and holds 52.7% of Hempco Food and Fiber Inc.

Aurora is also the cornerstone investor in two other licensed producers, with a 22.9% stake in Cann Group Limited, the first Australian company licensed to conduct research on and cultivate medical cannabis, and a 17.6% stake in Canadian licensed producer The Green Organic Dutchman Ltd., with options to increase to majority ownership. Finally, the Company has convertible securities reflecting a 9.1% stake in CTT Pharmaceutical, an innovative product development company within the cannabis space, as well as a 6% interest in craft grower and retail brand developer Choom Holdings.

Aurora’s Common Shares trade on the TSX under the symbol “ACB”, and are a constituent of the S&P/TSX Composite Index.

About Choom

Choom™ was created for and inspired by the Choom Gang; a group of buddies in Honolulu during the 1970’s who loved to smoke weed—or as the locals called it, “Choom”. Now, after four decades, Choom™ is bringing the spirit of Hawaii to Canada . Choom™ is focused on delivering an elevated customer experience through our curated retail environments, high-grade handcrafted Cannabis supply, and a diversity of brands for the Canadian recreational consumer.

Forward looking statements 

This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur and include, but are not limited to: a) the competitive advantages realized by Aurora upon completing the Transaction, and b) Choom’s expansion and development plans. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

Terry Booth , CEO
Aurora Cannabis Inc.

SOURCE Aurora Cannabis Inc.

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FinCanna Increases Private Placement to C$5 Million

VANCOUVER, British Columbia, June 18, 2018 (GLOBE NEWSWIRE) — FinCanna Capital Corp. (“FinCanna”) (CSE:CALI) a royalty company for the U.S. licensed medical cannabis industry, is pleased to announce that following higher than anticipated demand the Company has increased the size of its previously announced non-brokered private placement financing from C$3 million to C$5 million. FinCanna will now issue up to 16,666,667 Units at a purchase price of C$0.30 per Unit.

Each Unit will consist of one common share of FinCanna and one common share purchase warrant. Each full warrant will be exercisable to acquire one common share of FinCanna at an exercise price of $0.45 for 24 months from the date of the closing of the Private Placement.

FinCanna has agreed (i) to pay a cash finder’s fee of 8% of the aggregate proceeds raised from subscriptions arranged by certain finders and (ii) to issue warrants equal to 8% of the aggregate Units subscribed for pursuant to the subscriptions arranged by such finders. Each warrant shall be exercisable for one common share at a price of C$0.45 for a period of 24 months following the closing date of the Private Placement. The lead finder in the non-brokered private placement is TriView Capital Ltd., one of Canada’s largest Exempt Market Dealers.

The closing of the Private Placement is expected to occur on or about June 29, 2018 and is subject to the receipt of all necessary regulatory approvals, including the approval of the Canadian Stock Exchange. All securities issued pursuant to the Private Placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws. There is no material fact or material change regarding FinCanna that has not been generally disclosed.

FinCanna intends to use the net proceeds from the Private Placement to fund additional royalty investment opportunities and the Company’s ongoing working capital and general corporate purposes.

This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is available.

About FinCanna

FinCanna provides financing to top-tier companies in the licensed medical cannabis industry in exchange for a royalty on revenues. FinCanna, led by a team of finance and industry experts, is building its diversified portfolio of royalty investments in scalable, best-in-class projects and companies in U.S. legal states, with a focus on California. For additional information visit www.fincannacapital.com and FinCanna’s profile at www.sedar.com.

FinCanna Capital Corp.
Andriyko Herchak, CEO & Director

Investor Relations:

Arlen Hansen
Kin Communications
1-866-684-6730
CALI@kincommunications.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking information based on current expectations. Statements about, among other things, the closing of the Private Placement, expected terms and conditions of the Private Placement, the completion, terms and size of the Private Placement and the use of proceeds of the Private Placement are all forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such factors include but are not limited to: the ability to find suitable subscribers for the Private Placement. Although such statements are based on management’s reasonable assumptions at the date such statements are made, there can be no assurance that the Private Placement will occur or that, if the Private Placement does occur, it will be completed on the terms described above and that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on the forward-looking information. FinCanna assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

 

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Source: GlobeNewswire (June 18, 2018 – 8:00 AM EDT)

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MedMen Subordinate Voting Shares Approved for Inclusion on the OTC and Begin Trading on June 18th Under Ticker Symbol “MMNFF”

LOS ANGELES

MedMen Enterprises Inc. (“MedMen“ or the “Company“) (CSE: MMEN) (OTCQB: MMNFF) is pleased to announce today that the OTC Markets Group has approved the listing of the Company’s subordinate voting shares on its OTCQB Venture Market under the ticker symbol “MMNFF”. MedMen’s subordinate voting shares will begin trading on the OTCQB at the opening of the market on Monday, June 18th. The Company’s subordinate voting shares continue to be listed on the Canadian Stock Exchange (CSE) under the ticker symbol “MMEN”. MedMen’s subordinate voting shares are also eligible to be deposited into the Depository Trust Company (DTC), one of the world’s largest securities depositories and electronic clearing and settlement service provider, for its common shares trading under OTC.

“With our subordinate voting shares now trading on the OTC, U.S. investors can more easily access one of the leading cannabis companies in the country with assets in the top strategic markets: California, Nevada, and New York,” said Adam Bierman, MedMen’s co-founder and chief executive. “Following our recent listing on the CSE, this is another important milestone to the growth of our enterprise. We are committed to maximizing long-term shareholder value by focusing on our track record of execution. We will continue to build a real footprint with real assets across the full cannabis vertical in the most strategic markets in this emerging industry.”

About MedMen

MedMen Enterprises is the preeminent cannabis company in the United States with multiple assets and operations in California, Nevada, and New York. MedMen owns and operates licensed cannabis facilities in cultivation, manufacturing and retail, and is one of the most well recognized cannabis brands in the world today. Headquartered in Los Angeles, MedMen employs more than 800 workers across the United States. It was founded in 2010 by Adam Bierman and Andrew Modlin, two visionary entrepreneurs who saw not just a tremendous business opportunity in the growing legalization of marijuana, but a chance to re-define our society’s relationship with cannabis. MedMen supports sensible, clear and just drug laws. The Company is the single largest financial supporter of progressive marijuana laws at the local, state and federal levels, giving directly to pro-legalization groups, industry organizations and political candidates. For more information, visit http://www.medmen.com or follow us on FacebookTwitter or Instagram.

Source: MedMen Enterprises

Media Contact:
Daniel Yi
Senior Vice President of Corporate Communications, MedMen Enterprises
daniel@medmen.com
or
Investor Relations Contact:
Stéphanie Van Hassel
Head of Investor Relations, MedMen Enterprises
investors@medmen.com

 

Source: Business Wire (June 18, 2018 – 6:00 AM EDT)

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The Green Organic Dutchman: Well Positioned for International Expansion

Canada’s cannabis industry is projected to reach C$22.6 billion over the coming years, according to Deloitte, driven by the legalization of adult-use cannabis nationwide. But, the international market for cannabis could be much larger. For example, Canada’s cannabis oil extracts nearly tripled last year due to strong demand from Germany, while the United States has become the world’s largest market at over $50 billion per year in projected revenue.

The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) became the world’s largest cannabis initial public offering (IPO) in recent weeks. In addition to its funded 130,000 kilograms of capacity and 1,095,000 sq. ft. of cultivation facilities under construction, the company has developed a leading brand in the cannabis industry with an eye for international markets.

New Global Division

The Green Organic Dutchman recently announced the launch of a new global division focused exclusively on the beverage industry. With over 125 years of combined experience in the beverage industry, the company plans to work with large-scale beverage companies to provide a strategic pathway into the cannabis industry. These agreements may take the form of direct investment, joint ventures, or other opportunities depending on the circumstances.

The initial focus will be on creating industry-leading branded products and to supply organic base ingredients for global beverage brands. As part of its $55 million R&D budget, the company is developing a 40,000 sq. ft. state-of-the-art research and development center that will include space for product development and pilot manufacturing. The facility is one of many within the 72-acre Valleyfield property designed to create cannabinoid-infused drinks.

TGOD President Csaba Reider, in the press release announcing the deal, stated, “We will create unique, healthy and organic products for the recreational and medicinal markets. We have the best access to capital, organic production capabilities and R&D resources in the world.”

GMP Compliant Facilities

The Green Organic Dutchman also recently secured a supplemental license from Health Canada for the production of cannabis oils. Using its supercritical CO2 extraction system, the company is capable of processing up to 6,600 kilograms of ultra-pure, environmentally-friendly, organic cannabis oils each year. The cannabis oils are designed to be as close to the original plant as possible, including terpene profiles, to realize potential entourage effects.

The company’s laboratory was built to GMP (Good Manufacturing Practices) specifications and management is pursuing European Union GMP certification. Once it secures this certification, the company will be able to begin exporting its cannabis oil products throughout the European Union where the market is ripe for high-quality organic cannabis oil products.

Organic Certification

In May, the Green Organic Dutchman announced that its Ancaster, Ontario facility received organic certification from Ecocert Canada, an internationally-recognized world-leading organization in organic certification. Ecocert Canada provides inspection and certification for sustainable development and works to maintain rigorous respect of organic standards on products, services, and systems.

Organic products have commanded premium prices in both traditional agriculture and the cannabis industry. With product recalls plaguing many licensed producers, organic products provide an added layer of protection from these issues, since they avoid the use of potentially dangerous pesticides. The organic certification could also make the products more attractive for importers in regions like Europe and Australia.

“This is another step in TGOD’s planned expansion to be the world’s largest branded organic cannabis company,” said CEO Robert Anderson. “Consumers world-wide are interested in quality products and TGOD will continue to strive to provide the highest quality organic product that complements the natural product preferences of today’s consumer.”

Expanded Technology

The Green Organic Dutchman has also been expanding its technology portfolio. The company signed a deal with Evolab and CBx Sciences to license its proprietary technologies and formulations in Canada and other jurisdictions outside of the United States. Evolab is a top cannabinoid vaporization brand that has gained significant market share in the U.S., while CBx Sciences is a leader in cannabinoid R&D and consumer product development.

“This licensing partnership for industry leading technologies and formulations will further allow TGOD to execute on its plans of offering novel and safer delivery methods of both non-psychoactive and psychoactive cannabinoids to patients and consumers around the globe,” said Mr. Anderson.

In late-May, the company also announced an exclusive agreement with Stillwater Brands to license RIPPLE SC (Soluble Cannabinoids) ingredient technology and other proprietary beverage and food technologies within Canada and certain international jurisdictions outside of the United States. The move could pave the way to develop cannabinoid-infused consumer packaged goods, including micro-dose and full-dose tea sticks.

Jamaica and Beyond

The Green Organic Dutchman’s latest development is a partnership with and 49% investment in Epican Medicinals, an early mover in the Jamaican market. Epican is the first completely vertically integrated cannabis company there, with cultivation, extraction, manufacturing and distribution licenses. The company has an extraction facility that has been built to GMP standards, and the new deal includes a plan for construction of a second 125,000 sq. ft. facility. TGOD will assist Epican as it pursues Eco-Cert’s organic certification.

This deal shows TGOD’s international plan in action, as the company brings all of its expertise and acquisitions to bear in entering a foreign market. “This is the first example of how we can partner with and introduce companies like CBx Technologies and Stillwater Brands to foreign jurisdictions,” said Mr. Reider. “Through the development of GMP compliant, state-of-the-art extraction labs, TGOD will begin manufacturing these proven brands in international jurisdictions as regulations permit.”

Looking Ahead

The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) has made tremendous progress in expanding its reach over the past several months. In addition to licensing new technologies, the company has achieved internationally-recognized organic certification and is well on its way to achieving the GMP certification that’s necessary to export into the European Union. TGOD is also entering the Jamaican market with an established company, opening the possibilities of near term revenue in that country’s fairly new legal cannabis industry. Investors may want to take note of the stock given these recent catalysts.

For more information, visit the company’s website at www.tgod.ca.

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FinCanna Capital Corp. Announces Non-Brokered Private Placement to Raise C$3 million

VANCOUVER, British Columbia, June 15, 2018 (GLOBE NEWSWIRE) — FinCanna Capital Corp. (“FinCanna”) (CSE:CALI) is pleased to announce its intention to raise C$3,000,000 by way of a non-brokered private placement of 10,000,000 units (the “Units”) at a price of C$0.30 per Unit (the “Private Placement”). Each Unit will consist of one common share of FinCanna and one common share purchase warrant. Each full warrant will be exercisable to acquire one common share of FinCanna at an exercise price of C$0.45 for 24 months from the date of the closing of the Private Placement.

FinCanna has agreed (i) to pay a cash finder’s fee of 8% of the aggregate proceeds raised from subscriptions arranged by certain finders and (ii) to issue warrants equal to 8% of the aggregate Units subscribed for pursuant to the subscriptions arranged by such finders. Each warrant shall be exercisable for one common share at a price of C$0.45 for a period of 24 months following the closing date of the Private Placement. The lead finder in the non-brokered private placement is Triview Capital Ltd.

The closing of the Private Placement is expected to occur on or about June 29, 2018 and is subject to the receipt of all necessary regulatory approvals, including the approval of the Canadian Stock Exchange. All securities issued pursuant to the Private Placement will be subject to a four month hold period in accordance with applicable Canadian securities laws. There is no material fact or material change regarding FinCanna that has not been generally disclosed.

FinCanna intends to use the net proceeds from the Private Placement to fund additional royalty investment opportunities and the Company’s ongoing working capital and general corporate purposes.

This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is available.

About FinCanna

FinCanna provides financing to top-tier companies in the licensed medical cannabis industry in exchange for a royalty on revenues. FinCanna, led by a team of finance and industry experts, is building its diversified portfolio of royalty investments in scalable, best-in-class projects and companies in U.S. legal states, with a focus on California. For additional information visit www.fincannacapital.com and FinCanna’s profile at www.sedar.com.

FinCanna Capital Corp.
Andriyko Herchak, CEO & Director

Investor Relations:

Arlen Hansen
Kin Communications
1-866-684-6730
CALI@kincommunications.com

Cautionary Note Regarding Forward-Looking Statements 
This news release contains forward-looking information based on current expectations. Statements about, among other things, the closing of the Private Placement, expected terms and conditions of the Private Placement, the completion, terms and size of the Private Placement and the use of proceeds of the Private Placement are all forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such factors include, but are not limited to: the ability to find suitable subscribers for the Private Placement. Although such statements are based on management’s reasonable assumptions at the date such statements are made, there can be no assurance that the Private Placement will occur or that, if the Private Placement does occur, it will be completed on the terms described above and that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on the forward-looking information. FinCanna assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

Primary Logo

 

Source: GlobeNewswire (June 15, 2018 – 8:00 AM EDT)

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Choom™ Announces Closing of Specialty Medijuana Products

VANCOUVERJune 15, 2018 /PRNewswire/ – Choom™ (CSE: CHOO; OTCQB: CHOOF) (the “Company” or “Choom“), an emerging fully-integrated cannabis company, is pleased to announce that today it is closing its acquisition (the “Transaction“) of Specialty Medijuana Products Inc. (“SMP“) pursuant to an amended and restated amalgamation agreement among Choom, Arbutus Brands Inc. and International Tungsten Inc. The Company announced the definitive agreement to effect the Transaction in a news release on March 19, 2018.

Choom Holdings Inc. (CNW Group/Choom Holdings Inc.)

“We are excited to add SMP to the Choom group of companies under our Arbutus Brands subsidiary,” states Chris Bogart, President and CEO for Choom.  “Arbutus Brands will add value to the entire Choom supply chain, from seed to sale. The synergies among our Choom companies will make for an extremely bright and exciting future as we approach the legalization of the recreational cannabis market in Canada.”

Transaction Highlights

The benefits of the Transaction for Choom™ include that it will:

  • Enable Choom™ to acquire SMP, which has submitted its AOR evidence package to Health Canada and expects to receive its cultivation license at any time;
  • Create significant synergies in operational infrastructure and expertise across multiple disciplines to drive strong growth potential;
  • Significantly improve and advance operational scale and production capacity; and
  • Strengthen and accelerate Choom’s strategic direction as a fully-integrated cannabis company, representing a premiere lifestyle brand in Canada.

Specialty Medijuana Products Inc.

SMP, based in Canada’s beautiful Sooke, BC, is committed to becoming a Licensed Producer of cannabis under the ACMPR. SMP was founded by a seasoned business team with extensive experience in growing cannabis, the operation of pharmacies, medical clinics, land development and construction. The SMP team, in conjunction with Choom’s™ management team, plan to build upon their collective past business successes and leverage their expertise to create Canada’s premiere lifestyle brand in adult-use cannabis.

Facility Overview

SMP’s marijuana production growth strategy is expected to be executed in three phases:

  • Phase I – First Facility: AOR evidence package submitted to Health Canada:  Building is at operational readiness with state-of-the-art-facilities, consistent with ACMPR standards, and SMP expects to receive its cultivation license from Health Canada in Summer 2018.
  • Phase II – Second Facility: Expand existing production by constructing an approximately 19,600 sq. ft. facility that will bring total production capacity to over 29,000 sq. ft. in the combined facility footprint.
  • Phase III – New Facility Expand existing production by constructing two additional buildings that will increase the total building gross square footage to just over 700,000 sq. ft. This new facility, a hybrid model of indoor and greenhouse production, is expected to bring Choom’s total production capacity to over 700,000 sq. ft. The Municipality of Sooke has already approved cannabis production zoning for the site. The building expansion fits within the zoning regulations and final planning for this expansion is currently underway.

The Arbutus Team

Arbutus’s team has the experience to ensure that they successfully navigate the ACMPR licensing process and deliver on their vision. The team includes from SMP:

Michael Forbes

Named one of 2017’s Top Entrepreneurs by Quantum Shift, Michael has a long history of creating and operating successful companies in the pharmaceutical and health care industries. Over the course of 14 years in business, he has created and operated a chain of nine pharmacies and eight medical clinics, including three methadone clinics, employing over 160 people.

This expertise led to him being nominated to help create the procedures for the College of Pharmacists of British Columbia in 2010. His expertise in creating standard operating procedures in the pharmaceutical space is vital in ensuring proper drug dispensing to the public. This experience is crucial in creating trust with the consumer and the industry at large. He holds an Honorary Degree in Business from the Ivey School of Business and a Bachelor of Science, Pharmacy. Mr. Forbes will be joining the Choom™ Board of Directors upon the completion of the Transaction.

Ian Laing

Ian has over 20 years of experience in real estate, development and construction in a range of areas, including apartment buildings, custom home construction, land development, rezoning, condominiums, commercial and industrial buildings.

Since 1998, Ian has consistently proven his ability to build and grow multimillion-dollar projects from the ground up. He has a background in Urban Land Economics from the University of British Columbia and a commitment to building with integrity. Ian is currently running four companies and has experience in the recreational space with Salt Spring Island Brewery. This experience is expected to benefit the development of SMP’s business practices and the anticipated build out and scaling of facilities. SMP will rely on this expertise as it grows its facilities and expands operations.

Neil Michael MacLean

Neil MacLean has over 20 years of experience with the Department of National Defence (“DND”), primarily dealing with electronics, and previously was an environmental officer for HMCS Huron. His safety and WHMIS training, combined with his understanding of security procedures, are expected to assist SMP with compliance with the highest level of government regulations. He has effectively managed the integration of new equipment and systems, and has extensive personnel training experience, which, together with his training in environmental issues, electronics and operations of complex systems, will support the operational side of SMP.

Transaction Details

In connection with the completion of the Transaction and pursuant to the amended and restated amalgamation agreement:

  • Choom will issue 52,031,110 Choom Shares and 39,968,890 Choom Share Commitments to the former holders of common shares and special warrants of International Tungsten Inc.
  • Each Choom Share Commitment will convert into either one Choom Share or three-quarters of a Choom Share depending on the grant date of the SMP cultivation license and such Choom Shares will be subject to a three year escrow release from closing
  • Choom will issue 1,000,000 stock options
  • Choom will issue 4,000,000 Common Shares to finders

On completion of the Transaction, SMP will become an indirect subsidiary of Choom through Choom’s direct subsidiary Arbutus Brands.

SAY HELLO TO CHOOMTM
The Choom brand is inspired by Hawaii’s “Choom Gang”- a group of buddies in Honolulu during the 1970’s who loved to smoke weed—or as the locals called it, choom. Evoking the spirit of the original Choom Gang, our brand is synonymous with cultivating good times with good friends. We are focused on delivering an elevated customer experience through our curated retail environments, high-grade handcrafted cannabis supply, and a diversity of brands for the Canadian recreational consumer.

“Chris Bogart”
President & CEO

Cautionary Statement:

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking information                 
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Transaction and Choom’s future business plans. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include statements relating to the Transaction; the Offering; and the business of the Choom following the closing of the Transaction. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including the risk that the Canadian Securities Exchange may not approve the Transaction; that the Transaction may not be completed for any other reason; or that factors may occur which impede or prevent attainment of Chooms proposed future business plans. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Choom will obtain from them. Readers are urged to consider these factors carefully in evaluating the forward-looking statements contained in this news release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and Choom disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/choom-announces-closing-of-specialty-medijuana-products-300666895.html

SOURCE Choom Holdings Inc.

 

Source: PR Newswire (June 15, 2018 – 7:00 AM EDT)

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Valens GroWorks announces ISO 17025 accreditation

KELOWNA, BCJune 14, 2018 /CNW/ – Valens GroWorks Corp. (CSE: VGW) (the “Company” or “Valens“), a multi-licensed vertically integrated provider of cannabis products and services utilizing proprietary extraction processes, is pleased to announce that its wholly-owned subsidiary Supra THC Services has obtained ISO 17025 accreditation for cannabis testing. It is the first Dealer’s License using cannabis as it’s matrix in Canada to achieve this accreditation.

Valens GroWorks Corp. (CNW Group/Valens GroWorks Corp.)

ISO 17025 accreditation scope includes methods for cannabinoids, pesticides, toxic metals, terpenes and residual solvents. The ISO 17025 standard, General requirements for the competence of testing and calibration laboratories, has become the international reference for testing and calibration laboratories wanting to demonstrate their capacity to deliver trusted results. The International Standard, published jointly by ISO (International Organization for Standardization) and IEC (International Electrotechnical Commission), contains a set of requirements enabling laboratories to improve their ability to produce consistently valid results, by specifying the general requirements for the competence, impartiality and commitment to continuous improvement of the laboratory’s operations.

“I am very proud of our team. It is critical that all cannabis testing labs demonstrate that they can achieve similar performance standards so that consumers can trust that products tested are safe. Transparency is essential in this sector, and we are committed to help lead the way. Securing testing results from an ISO 17025 accredited laboratory is the best way for producers to ensure that they are producing high-quality, safe products. I would like to see Health Canada mandate that all licensed testing labs demonstrate that they can meet a similar standard.” commented Dr. Rob O’Brien, Valens’ CSO.

About Valens GroWorks

Valens GroWorks Corp. is a vertically integrated provider of Canadian cannabis products developed from our proprietary extraction techniques, with three wholly-owned subsidiaries located in and around Kelowna, BC. Subsidiary Valens Agritech has initiated cannabis production, processing and sales under a Health Canada Dealer’s Licence, which includes a supply agreement with Canopy Growth Corporation under their extensive CraftGrow distribution network. Subsidiary Supra THC Services is a Health Canada licensed cannabis testing lab providing sector-leading analytical services and has partnered with Thermo Fisher Scientific to develop a Centre of Excellence in Plant Based Medicine Analytics. Subsidiary Valens Farms is in the process of becoming a purpose-built facility in compliance with European Union (EU) Good Manufacturing Practice (GMP) standards, ensuring the product from this facility can be exported anywhere in the world where Cannabis is nationally legal for medical or adult usage purposes. Please visit http://valensgroworks.comhttp://www.valensagritech.com and http://www.suprathc.ca for details.

Notice regarding Forward Looking Statements

This news release contains certain “forward-looking statements” within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as “anticipates”, “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed”, “positioned” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

The CSE or other regulatory authority has not reviewed, approved or disapproved the contents of this press release. We seek Safe Harbour.

SOURCE Valens GroWorks Corp.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/14/c2171.html

Scott Young, Telephone: +1.705.888.2756Copyright CNW Group 2018

 

Source: Canada Newswire (June 14, 2018 – 8:30 AM EDT)

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RavenQuest Announces Intent to Purchase Majority Stake in Elephant Extracts

VANCOUVER, British Columbia, June 14, 2018 (GLOBE NEWSWIRE) — RavenQuest BioMed Inc. (CSE:RQB) (the “Company” or “RavenQuest”) is pleased to announce that it has entered into a letter of intent with 1090252 B.C. Ltd. (“Elephant Extracts” or “Elephant”) in pursuit of a transaction involving the acquisition of 51% of the outstanding share capital of Elephant Extracts.

Elephant Extracts is a license applicant under the Access to Cannabis for Medical Purposes Regulations(“ACMPR”), as well as a distributor of cannabis products and accessories.  The Health Canada application for Elephant Extracts includes a 10,000 square foot production facility, which will be classified as a “micro-cultivator” license upon passing of the Cannabis Act in Canada.

RavenQuest CEO, George Robinson, commented, “We are very excited to welcome Trevor Hinds and his team at Elephant Extracts into the RavenQuest family.  Elephant’s vast extraction knowledge is a wonderful complement for RavenQuest’s revolutionary and science-based grow methodology, producing a powerful combination.”

“RavenQuest is committed to helping micro-cultivators come into the legalized space across the country,” Robinson continued.  “We expect this will be the first of many micro-cultivators to work with RavenQuest.  Our services division, which has helped several LPs become licensed, brings an expertise which is unmatched in the cannabis space.  Our experience in this highly regulated space brings precisely what is needed by the many micro-cultivators who wish to properly transition into the legalized space.”

Trevor Hinds, President & CEO of Elephant, noted, “RavenQuest has shown a clear and distinct interest in the role of the micro-cultivator as we move toward legalization.  We are very appreciative of RavenQuest’s recognition of the micro-cultivator’s value and are even more excited to join an organization with such clear leadership in the science of the cannabis plant.”

Under the terms of the transaction, RavenQuest will acquire a controlling interest (51%) in Elephant Extracts.  This interest can be redeemed by Elephant Extracts at any time after it receives a license to produce under the ACMPR, and in consideration RavenQuest will be granted an ongoing royalty of 15% of the gross revenue from production at the facility developed by Elephant Extracts.  Completion of the transaction with Elephant Extracts is subject to completion of due diligence, the negotiation of definitive documentation, and the receipt of any required regulatory approvals.

About RavenQuest BioMed Inc.

RavenQuest BioMed Inc. is a diversified publicly traded cannabis company with divisions focused upon cannabis production, management services & consulting and specialized research & development.

On Behalf of the Board of Directors of
RAVENQUEST BIOMED INC.

“George Robinson”
Chief Executive Officer

For further information, please contact:
Mathieu McDonald, Corporate Communications
604-484-1230

Neither Canadian Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Stock Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

Cautionary Note Regarding Forward-Looking Statements

All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to the Company within the meaning of applicable securities laws, including statements with respect to completion of the acquisition of Elephant Extracts.  The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes.  By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved.  These risks and uncertainties include but are not limited to those identified and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.  The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

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Source: GlobeNewswire (June 14, 2018 – 6:00 AM EDT)

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The Green Organic Dutchman Adds Additional 14,000 kg by Entering Jamaica Through Strategic Partnership With Epican Medicinals Ltd.

TORONTO, June 14, 2018 (GLOBE NEWSWIRE) — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (OTCQX:TGODF) is pleased to announce it has entered into a strategic partnership with Epican Medicinals Ltd. This partnership will add an additional 14,000 kgs, taking TGOD’s total organic funded capacity to 130,000 kgs. Epican is a vertically integrated Jamaican cannabis company with cultivation, extraction, manufacturing and retail distribution licenses. This strategic partnership introduces TGOD’s premier organic cannabis brand to the international medical market.

“This represents the first of many strategic partnerships TGOD intends to execute in the coming months,” said Robert Anderson, CEO. “Our value-added approach taken in this investment will set an international M&A framework for capital investment, transfer of knowledge, and sector expertise. We will continue to evaluate international opportunities that will assist us in executing our business plan to become the world’s largest organic cannabis brand,” continued Anderson.

Epican produces high quality cannabis at its primary Blue Mountain cultivation site and has partnered with TGOD to construct a second 125,000 sq. ft. GMP compliant facility. Upon receiving the second site license, both facilities will cultivate high premium organic strains for the Jamaican and international markets. The Company will be working with Eco-Cert to achieve organic certification in Jamaica.

Epican’s extraction laboratory has been designed, licensed and built to GMP standards, establishing the company as a leader in sustainability with Jamaica’s Cannabis Licensing Authority (“CLA”). The company intends to sell a wide range of products such as dried flower, oils, pre-rolled joints, vapes, tinctures, among others. Epican’s initial offering of 11 scientifically formulated products will allow the company to service medical cannabis patients through its network of retail dispensaries (“Herb Houses”).

Jamaican dispensaries, known as Herb Houses, are crucial to the distribution of cannabis in Jamaica. Epican, with its first mover advantage, is opening its flagship dispensary in July 2018 located in Kingston, Jamaica. This will represent the first of many Herb Houses, with several more to be completed by the end of 2018 including locations along Jamaica’s northern coast. These locations will serve the medical needs of Jamaica’s 3 million residents and approximate 3.5 million visitors each year.

Jamaica has long been recognized as a premier location for cannabis enthusiasts and Epican has deep roots in the country. Founders, the McKenzie brothers, have been at the forefront of the nation’s burgeoning medical cannabis industry, including extensive advocacy for the responsible development of the industry. Epican’s social commitment to Jamaica’s agricultural community includes a partnership plan to support Jamaica’s Small Farmer Program. Epican was awarded the country’s historic first cultivation license.

International expansion is an integral part of TGOD’s business plan. The partnership with Epican will provide a low-cost platform from which TGOD is supplied premium Jamaican grown medical cannabis for export to select international jurisdictions, as regulations permit.

TGOD’s partnerships are more than an investment for a portfolio company. TGOD investments are structured as true partnerships, where portfolio companies receive countless hours of support and industry leading knowledge. This knowledge transfer includes cultivation methodology, extraction, R&D, and organic certification, through to accounting, auditing, sales, marketing, and distribution. This is exemplified in TGOD’s investment into Epican and Jamaica, by providing expertise to expedite Epican’s organic certification process through Eco-Cert, developing and refining its sales, marketing, and branding plans, outreach to all-inclusive resorts, and digital marketing focused on medical tourism.

Karibe McKenize, CEO of Epican, stated “We are excited to partner with and benefit from TGOD’s immense knowledge in organic cannabis cultivation. This expertise supports and enhances our authentic Jamaican production and ensures patients receive a product that is completely free from chemical pesticides and synthetic fertilizers. Our partnership with TGOD solidifies our commitment to producing cannabis in the most sustainable and natural methods possible, honouring Jamaica’s historic relationship with the natural and medicinal benefits of the plant.”

In conjunction with the Strategic Partnership Agreement, TGOD has entered into a binding agreement to invest into Epican for a 49.18% interest. Furthermore, TGOD will provide Epican access to its financing facilities to support future expansion requirements. The transaction is subject to customary regulatory and TSX approvals.

“This is the first example of how we can partner with and introduce companies like CBx Technologies and Stillwater Brands to foreign jurisdictions,” said Csaba Reider, the Company’s President. “Through the development of GMP compliant, state-of-the-art extraction labs, TGOD will begin manufacturing these proven brands in international jurisdictions as regulations permit,” continued Mr. Reider.

On Behalf of the Board of Directors,
The Green Organic Dutchman Holdings Ltd.
Robert Anderson
Chief Executive Officer and Co-Chairman

ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD.

The Green Organic Dutchman Holdings Ltd. is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate medical cannabis. The Company carries out its principal activities producing cannabis from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.

The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 116,000 kg and is building 970,000 sq. ft. of cultivation facilities in Ontario and Quebec.

The Company has developed a strategic partnership with Aurora Cannabis Inc. (TSX:ACB) whereby Aurora has invested approximately C$78.1 million for an approximate 17.5% stake in TGOD. In addition, the Company has raised approximately C$315 million dollars and has over 20,000 shareholders.

TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.

CONTACT INFORMATION

Investor Relations
Email: invest@tgod.ca
Phone: 1 (416) 900-7621

www.tgod.ca

Forward-Looking Information Cautionary Statement

This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, statements about the future legalization of recreational cannabis and cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.

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Source: GlobeNewswire (June 14, 2018 – 8:00 AM EDT)

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Quadron Announces Business Update of Cybernetic Control Systems Inc.

VANCOUVER, British Columbia, June 14, 2018 (GLOBE NEWSWIRE) — Quadron Cannatech Corporation (the “Company” or “Quadron”) – (CSE:QCC), is pleased to announce the progress of various projects initiated by Cybernetic Control Systems Inc. (“Cybernetic”), which was acquired by the Company as a division of Quadron in March 2017.

Cybernetic builds efficient, customized machine control solutions that provide various industries with innovative, machine automation and control systems. With the range of industries that Cybernetic can provide products for, there has been significant progress with its various products and services:

  • Within the mining industry, Cybernetic provided a control system for a water treatment plant on a remote mine site, where continued programming and automation is provided for support.
  • An agreement with Schneider Electric was extended to include power monitoring and quality products. These products can be used to monitor, analyze, sub-meter, report and improve power in Cybernetic’s and Soma Labs’ client facilities.
  • Cybernetic secured a contract for a complete control system for a natural gas utility. This one of a kind system is used to test and calibrate natural gas regulators in a revolutionary, accurate and traceable manner.
  • A $200,000 contract was secured for Cybernetic to provide turnkey solar powered off-road communications trailers to a major Canadian mining company. This contract can convert into a multi-million dollar contract to meet the mine’s immediate requirements after they test the initial units.

Rosy Mondin, CEO of Quadron Cannatech commented, “Since acquiring Cybernetic we are pleased with their progress and ability to provide automation and control system solutions to a variety of different industries. In addition to Cybernetic’s core business, they have played an instrumental role constructing and developing our BOSS CO2 Extractor and developing new extraction systems for the Company. Cybernetic’s expertise in automation continues to give Quadron a competitive edge in a growing extraction market and develop the best-in-class industrial scale equipment.”

About Cybernetic Control Systems Inc.:
Cybernetic provides custom or standard machines and control packages to various industries, including hydroponics, green energy, pharmaceutical, nutraceutical and the food industry. The Company offers technical services and equipment for process automation.

For more information, visit: www.quadroncannatech.com

On behalf of the Board of Directors of
QUADRON CANNATECH CORPORATION

Rosy Mondin
President and CEO
rosy@quadroncannatech.com

Investor Relations Contact:
KIN Communications Inc.
Caleb Jeffries, VP, Investor Relations
1-866-684-6730
QCC@kincommunications.com

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, including with respect to the scheduled closing date of the Offering and the intended use of the proceeds of the Offering, which are not historical in nature are intended to be, and are hereby identified as “forward-looking statements”.  Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

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Source: GlobeNewswire (June 14, 2018 – 8:30 AM EDT)

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Maricann Provides an Update on Malta

TORONTO, June 14, 2018 (GLOBE NEWSWIRE) — Maricann Group Inc. (CSE:MARI) (FRANKFURT:75M) (OTCQB:MRRCF) (“Maricann” or the “Company) is providing an update to the market regarding their recently announced letter of intent to acquire a license in Malta.

Following discussions with Malta Enterprise, the government entity responsible for the issuance of such licenses, the Company has submitted its own application for a license and has terminated its letter of intent to acquire Medican Holdings (“Medican”).

Initially, Medican had received initial approval and Maricann received confirmation of the same. Malta Enterprise then contacted Maricann to request the Company make its own application, as their preference was to work through Maricann rather than Medican. The Company then submitted its own application to Malta Enterprise who have acknowledged receipt. Maricann anticipates the application to be reviewed within the next 30 days with a decision on the approval status.

About Maricann Group Inc.

Maricann is a vertically integrated producer and distributor of marijuana for medical purposes. The company was founded in 2013 and is based in Burlington, Ontario, Canada and Munich, Germany, with production facilities in Langton, Ontario where it operates a medicinal cannabis cultivation, extraction, formulation and distribution business under federal licence from the Government of Canada. The Company also has production operations in Dresden, Saxony, Germany and Regensdorf, Switzerland. Maricann is currently undertaking an expansion of its cultivation and support facilities in Canada in a 942,000 sq. ft. (87,515 sq. m) and will continue to pursue new opportunities in Europe.

Forward Looking Statements

This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the timing and ability to obtain a license in Malta. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

For more information about Maricann, please visit our website at www.maricann.com

CONTACT INFORMATION

Investor Relations
Graham Farrell
Director of Investor Relations
graham@maricann.com
647-643-7665

Corporate Headquarters (Canada)
Maricann Group Inc. (Toronto)
845 Harrington Court, Unit 3
Burlington Ontario L7N 3P3
Canada
289-288-6274

European Headquarters (Germany)
Maricann GmbH
Thierschstrasse 3, 80538 Munchen, Deutschland

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Source: GlobeNewswire (June 14, 2018 – 9:10 AM EDT)

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Naturally Splendid Secures C$5M Contract Targeting Bar/Snack Market

The global bar/snack market is expected to grow significantly over the coming years, according to market analysts, driven by growing demand for healthy snacks to support nutrition and wellness. While there are many different companies in the space, investors may want to pay especially close attention to smaller companies that are just starting to scale up their operations for the greatest upside potential.

Naturally Splendid Enterprises Ltd. (TSX-V: NSP) (OTC: NSPDF) represents a compelling opportunity in the space. After acquiring new equipment earlier this year, the company secured a C$5 million contract to produce unique bar/snack products in North America.

Rapidly Growing Snack Market

The global snack bar market is expected to grow significantly over the coming years, according to MarketResearch, driven by both millennials and baby boomers demand for healthy daily snacks to support nutrition and wellness. In addition, there is rising demand for vegan snack bars from consumers who lead a vegan lifestyle that opts for healthy substitutes for meat, dairy, and other conventional protein sources.

 

There are many different snack bar segments:

 

 

Naturally Splendid’s Elevate Me™ brand focuses on lifestyle and healthy meal replacement products that include energy bars and on-the-go oatmeals distributed throughout North America — one of the most lucrative markets for snack bars. The Elevate Me™ brand can be found in more than 1,000 retail stores, including Costco, Whole Foods, Choices, Save On Foods, Sobeys, London Drugs, Thrifty’s, Rexall, and many more.

The company’s sales and marketing efforts in the space are led by VP of Sales & Marketing Alan Maddox, who has more than 30 years of experience in the food industry. Prior to Prosnack, the company was Director of International Sales for McCain Foods where he was responsible for overseeing sales in over 70 countries, as well as President of Sepp’s Food Group where he grew sales from C$1 million to over C$88 million.

Landmark $5M Manufacturing Contract

Naturally Splendid recently signed a C$5 million, five-year bar/snack manufacturing contract through its Prosnack Natural Foods division.

“Securing this new manufacturing contract will provide NSE with needed revenue and access to new markets,” said CEO Douglas Mason. “Increasing our production capacity and product innovation capabilities was an important objective, this now gives NSE the flexibility to approach new customers and significantly add to our service offerings. We see private labeling and co-manufacturing as enormous opportunities for added revenue, we are currently in advanced discussions with other companies seeking similar manufacturing requirements.”

The contract comes shortly after the company acquired a new state-of-the-art bar/snack manufacturing machine designed to serve high-volume clients with top-quality products.

“After completing the transition to the NSE facility in April 2018, one of our core focuses was to increase production capacity to meet demand for larger clients’ requirements,” said VP of Sales and Marketing Alan Maddox. “Acquiring this new machinery has supported us to complete this objective. The production interruption we experienced with the transition to the NSE facility near the end of Q4’17 and Q1’18 is now behind us and, with resumed production at the new facility, we are actively seeking more commitments from previous and new clients.”

The combination of high-volume processing and a new contract could point to near-term revenues and value creation for shareholders.

Looking Ahead

Naturally Splendid Enterprises Ltd. (TSX-V: NSP) (OTC: NSPDF) represents a compelling opportunity within the growing bar/snack industry. With its new machine and recently awarded contract, investors may want to take a closer look at the company as it begins ramping up its revenue and unlocking long-term shareholder value.

For more information, visit the company’s website or download their investor presentation.

Disclaimer

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

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CFN Exclusive Interview with FinCanna CEO Andriyko Herchak

CFN Media recently sat down with FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) CEO Andriyko Herchak to discuss the company’s royalty investment model, its accomplishments to date, and its strategy going forward.

CFN: Thank you for your time today Mr. Herchak, and congratulations on your recent news. Before we discuss the news, please give us an overview of FinCanna Capital and its royalty model.

Andriyko Herchak: You are welcome, it’s a pleasure to speak with you today. At FinCanna Capital we are building a diversified portfolio of royalty based income by investing in top tier companies in the United States medical cannabis industry, with a focus on California. What is a royalty? Basically, we invest capital in a company and in exchange we receive a percentage of its revenue going forward. It has been a very successful model in other industries and we believe now is the perfect time for this royalty model in the US cannabis space and particularly in California. Our royalty model allows operators and business owners to preserve their ownership stake, not diluting themselves as they would with typical equity financing.

CFN: Why do you think the royalty model makes sense for cannabis companies today, particularly in the United States?

AH: In California right now, basically every company is a startup or running as a startup, many with no history of revenues. If those companies are trying to raise money, equity financing can be massively dilutive, in large part due to the lack of a track record of revenue production. Our model does not look back, but rather forward. Our investment approach allows companies to preserve equity while providing cash to grow their business.

Additionally, cannabis is still federally illegal, which is a major contributing factor for the shortage of capital for cannabis companies across the US.  Banks and federally regulated institutions are largely on the sidelines, so debt financing is difficult to find. Equity financing, as I mentioned earlier, often comes with unfavorable terms for the company. So our royalty model fills a void in the market for companies needing capital while operating in the US cannabis space.

CFN: Which companies have you invested in to this point, and why?

AH: Our royalty portfolio is currently comprised of three investments. We invest in management and the underlying business, that’s really our focus and the top criteria for us. The first company we’ve invested in is, Cultivation Technologies Inc., (“CTI”). They have an exceptional management team that has proven itself in other industries. The CEO is a former executive of one of the largest agricultural companies in the world. The company is developing a large medical cannabis campus in Coachella, California. The two main revenue drivers will be cultivation and extraction. They were one of the early movers in California and we’ve been alongside them from the beginning. Its a large scale opportunity and we look forward to great things as the planned cannabis campus project moves forward.

Our second investment is with Green Compliance, a company that offers a HIPAA compliant software solution for cannabis companies. The industry is riddled with problems around data security. To our knowledge, none of the other point of sale (POS) software solutions out there were designed to protect client/patient data at the level to be delivered by Green Compliance and as required under HIPAA. The company offers a POS system that has been proven in the pharmaceutical industry over the last 17 years and is now being repurposed for the cannabis sector.  The Green Compliance has the flexibility to integrate as a plug-in with any existing seed-to-sale software or it can operate as a stand-alone point-of-sale system.

Our third investment is in Gram Co, based in Oakland California. The company’s business is to extract high quality cannabis distillate for major brands in California. The Gram Co team are seasoned extractors, highly experienced, and very well connected in the industry. We expect the company to be fully operational later this year.

CFN: Excellent. FinCanna recently announced that your portfolio company, CTI, has secured distribution across California and commenced sales of its Coachella Premium Cannabis product line. Why is this significant for your company?

AH: First of all, we have a 50% profit interest in CTI’s extraction facility. CTI is developing its own premium brand in a market where having your own brand offers the highest revenues available in the vertical. While CTI only commenced operations in late January this year, they have already managed to secure distribution with 10 of the largest dispensaries in California. With California representing the 6th largest economy in the world, we expect a large financial win as the company progresses.

CFN: CTI has infrastructure that really sets the company apart. Can you tell us more about Coachella Manufacturing?

AH: CTI received one of the first solvent extraction permits in California and is one of the first companies to legally extract in the state. CTI has a clear first mover advantage in what amounts to a race to market across California. Their facility includes a state of the art, licensed lab with the latest in cold storage, extraction, and distillation technologies designed to produce premium and unique products for an increasingly discerning marketplace.

CFN: Is California going to be a major focus for FinCanna going forward?

AH: Absolutely. Our ticker symbol is CALI, and that was intentional. California was the first jurisdiction to legalize medical cannabis in North America, thirty years ago. It’s by far the largest legal cannabis market in North America. The new laws that came into effect in the state this year are serving to both open the market but also demands a higher level of regulatory compliance for market participants as the green rush ramps up. There is a great race to market as entrepreneurs see tremendous, once in a generation opportunity. There are a lot of great companies out there that, due to restrictive federal regulations, are not able to obtain adequate financing. So we have this incredible opportunity to pair our attractive royalty financing with great operators to grow top tier businesses.

CFN: How does FinCanna build upon the success you’ve had to this point?

AH: It all comes down to the companies we invest in. We invest in companies we believe have the best opportunity to become leaders in their respective verticals. For companies we’ve invested in to date, we expect them to grow in size and reach without any further investment on our part. We will apply the same methodology to future investments by choosing the top companies that will become leaders in their own verticals. As those companies grow, our royalties grow accordingly. Success comes down to financing the right companies, with the right management, in the right sectors. We think we are well on our way with the companies we’ve financed to date and look forward to expanding our portfolio as opportunities present themselves.

For more information and to read the company’s statement regarding potential risks visit www.fincannacapital.com

Disclaimer

CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on http://www.cannabisfn.com (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies.  We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.  

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WeedMD and Revive Therapeutics Sign Medical Cannabis R&D Supply and Collaboration Agreements

WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD”), a federally-licensed producer and distributor of medical cannabis, and Revive Therapeutics Ltd. (TSX-V:RVV) (OTCQB:RVVTF) (FSE:31R) (“Revive”), a company focused on the research, development and commercialization of novel cannabinoid-based therapies, are pleased to announce they have entered into medical cannabis research and development supply and collaboration agreements (the “Agreements”).

Under the Agreements, WeedMD will supply Revive with cannabidiol (“CBD”) for the research program evaluating CBD in the treatment of liver disease, specifically non-alcoholic steatohepatitis (“NASH”) and autoimmune hepatitis (“AIH”). Working alongside Revive, WeedMD will support the research, development and potential commercialization of CBD in the treatment of liver disease.  Additionally, Revive and WeedMD will identify opportunities for developing and commercializing medical cannabis products and therapies for potential collaboration in other treatments.

“The relationship with WeedMD represents a significant milestone for Revive as we have secured a strategic supply of medical-grade CBD for our research, development and commercialization efforts for liver diseases,” said Fabio Chianelli, President of Revive. “With WeedMD’s commitment to the research, development and commercialization of medical grade cannabis, they are the ideal strategic partner for Revive to accelerate the execution of our business plan in commercializing novel cannabinoid-based therapies and to validate our commercial development efforts in the medical cannabis market.”

“WeedMD continues to push ahead with its research and development initiatives, both independently and with research institutions to accelerate cannabinoid applications and delivery system innovations, in addition to collecting valuable data about strains and their effects,” said Dr. Luc Duchesne, Chief Scientific Officer of WeedMD. “Both WeedMD and Revive are making advances   as participants in the pharmaceutical cannabis market which begins with the validation of new products and innovations through clinical-evidence and the establishment of intellectual property.”

Having recently secured the intellectual property for its own delivery systems, Revive has assembled a diversified pipeline of pharmaceutical, prescription, and over the counter (OTC) products and together with WeedMD, they will evaluate the efficacy of CBD in the treatment of NASH and AIH, in addition to other potential indications in the future.

About Revive Therapeutics Ltd.

Revive Therapeutics Ltd. (TSX VENTURE:RVV)(OTCQB:RVVTF) is focused on the research, development and commercialization of novel cannabinoid-based therapies.  Additional information on Revive is available at www.ReviveThera.com.

About WeedMD Inc.

WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc., a federally-licensed producer and distributor of medical cannabis and oils under the Access to Cannabis for Medical Purposes Regulations (ACMPR). The Company operates a 26,000 sq. ft. indoor facility in Aylmer, Ontario, and a second cultivation site at its greenhouse facility located in Strathroy, Ontario, representing 610,000 sq. ft. or 14 acres under glass. WeedMD has entered into supply agreements in addition to strategic relationships with established cannabis brands. WeedMD is focused on providing medical cannabis to the seniors’ markets in Canada through its proprietary seniors care program. It is dedicated to educating healthcare practitioners and furthering public understanding of the role that medical cannabis plays – including as it pertains to regulatory requirements, indications and potential side effects.

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Choom™ Announces $10,000,000 Non-brokered Private Placement, Secures Aurora Cannabis as $7,000,000 cornerstone investor

VANCOUVERJune 13, 2018 /CNW/ – Choom™ (CSE: CHOO) (OTCQB: CHOOF) (the “Company”) is pleased to announce a non-brokered private placement for gross proceeds of up to $10,000,000, including a $7,000,000 lead order from Aurora Cannabis Inc.  The private placement will consist of up to 14,084,507 common shares at a price of $0.71 per share and is expected to close on June 18, 2018.

Choom Holdings Inc. (CNW Group/Choom Holdings Inc.)

“We are delighted to have the confidence and support of one of the world’s leading cannabis companies as we move forward with our retail cannabis strategy,” states Chris Bogart, President and CEO of Choom™. “With the legalization of adult use cannabis in Canada on track, Choom™ is positioning itself to be one of the leading premium choice brands for Canadian consumers. This investment by Aurora accelerates our corporate strategy of delivering a true seed to sale experience through an offering of high quality cannabis to Canadian consumers across the country.”

“Our investment in a consumer-focused brand with a strong retail strategy offers Aurora additional growth opportunities through supply, retail and distribution to the adult consumer use market, once legalized,” said Terry Booth, CEO of Aurora. “We’re excited to strengthen our relationship with the team at Choom and help amplify their market reach as they continue to execute on their differentiated craft growing philosophy and their unique retail strategy.”

The placement is being made under applicable exemptions from prospectus requirements and may include one or more subscriptions by insiders and other existing shareholders of the Company.  A portion of this placement may be subject to finder’s compensation or commissions.  All of the securities issued in connection with the placement will be subject to a four month hold period under securities laws.

None of the securities issued in connection with the placement will be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there by any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

SAY HELLO TO CHOOMTM
The Choom brand is inspired by Hawaii’s “Choom Gang”- a group of buddies in Honolulu during the 1970’s who loved to smoke weed—or as the locals called it, choom. Evoking the spirit of the original Choom Gang, our brand is synonymous with cultivating good times with good friends. We are focused on delivering an elevated customer experience through our curated retail environments, high-grade handcrafted cannabis supply, and a diversity of brands for the Canadian recreational consumer.

About Aurora:
Aurora’s wholly-owned subsidiary, Aurora Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”). The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta, known as “Aurora Mountain”, and a second 40,000 square foot high-technology production facility known as “Aurora Vie” in Pointe-Claire, Quebec on Montreal’s West Island. In January 2018, Aurora’s 800,000 square foot flagship cultivation facility, Aurora Sky, located at the Edmonton International Airport, was licensed. Once at full capacity, Aurora Sky is expected to produce over 100,000 kg per annum of cannabis. Aurora is completing a facility in Lachute, Quebec utilizing its wholly owned subsidiary Aurora Larssen Projects Inc.

The Company’s wholly-owned subsidiary CanniMed Therapeutics Inc. (“CanniMed”) is Canada’s most experienced licensed producer of medical cannabis, with over 20,000 kg per annum in funded capacity. CanniMed forms the heart of Aurora’s Medical Cannabis Centre of Excellence, aimed at product and market development.

Aurora owns Berlin-based Pedanios GmbH, the leading wholesale importer, exporter, and distributor of medical cannabis in the European Union. The Company owns 51% of Aurora Nordic, which will be constructing a 1,000,000 square foot hybrid greenhouse in Odense, Denmark. The Company offers further differentiation through its acquisition of BC Northern Lights Ltd. and Urban Cultivator Inc., industry leaders, respectively, in the production and sale of proprietary systems for the safe, efficient and high-yield indoor cultivation of cannabis, and state-of-the-art indoor gardening appliances for the cultivation of organic microgreens.

Aurora holds a 25% ownership interest in Alcanna Inc. (“CLIQ”), one of Western Canada’s largest retail chains of liquor stores. The Company holds approximately 17.02% of the issued shares in leading extraction technology company Radient Technologies Inc, and holds 52.7% of Hempco Food and Fiber Inc. Aurora is also the cornerstone investor in two other licensed producers, with a 22.9% stake in Cann Group Limited, the first Australian company licensed to conduct research on and cultivate medical cannabis, and a 17.62% stake in Canadian producer The Green Organic Dutchman Ltd., with options to increase to majority ownership. Finally, the Company owns a 9.14% stake in CTT Pharmaceutical, an innovative product development company within the cannabis space.

Aurora’s Common Shares trade on the TSX under the symbol “ACB”, and are a constituent of the S&P/TSX Composite Index

Cautionary Statement:

None of the CSE, the Investment Industry Regulatory Organization of Canada or any securities commission has reviewed this news release nor accepts any responsibility for the adequacy or accuracy of it.

Forward-looking information                 
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the proposed placement and Choom’s future business plans. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include statements relating to the terms of the placement; the expected benefits of, and impact on, the cannabis industry; and other statements regarding the business of Choom. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including the risk that the placement may not be completed; or that factors may occur which impede or prevent Choom’s future business and development plans. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Choom will obtain from them. Readers are urged to consider these factors carefully in evaluating the forward-looking statements contained in this news release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and Choom disclaim any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

SOURCE Choom Holdings Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/13/c7357.html

Choom Holdings Inc., Chris Bogart, President & CEO, T: 604.683.2509, F: 604.683.2506, E: chris@choom.ca; Alex Porporo, Investor Relations, T: 604.683.2509, F: 604.683.2506, E: alex@choom.caCopyright CNW Group 2018

 

Source: Canada Newswire (June 13, 2018 – 7:00 AM EDT)

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BlissCo Cannabis Corp Announces License Amendment Application to Produce Cannabis Oil

  • BlissCo applies for ACMPR cannabis oil license amendment
  • BlissCo to produce 420 kilos of cannabis oil in phase one
  • BlissCo brings the first Midas XII Co2 extractor to Canada

VANCOUVERJune 13, 2018 /CNW/ – BlissCo Cannabis Corp. (CSE: BLIS) (FRA: GQ4B), (“BlissCo”) submitted a license amendment application to Health Canada to produce cannabis oil on June 6, 2018.

Vanguard Scientific Systems, MIDAS XII Co2 Extraction System (CNW Group/BlissCo Cannabis Corp.)

“The BlissCo team with the support of two international partners has designed a state of the art cannabis oil extraction lab, that in phase one will be able to produce 420 kilograms of cannabis oil annually. These 420 kilograms of cannabis oil will be used to create cannabis oil tinctures and capsules to service Canadian medical patients and international distribution partners,” said BlissCo CEO Damian Kettlewell.

The most recent sales data from Health Canada shows that cannabis oil sales overtook dried cannabis sales in May 2017 and as of December 2017 cannabis oil sales are 50% higher than dried cannabis sales.

“BlissCo is focused on creating value added, high margin cannabis products for the medical market and the recreational market in Canada when it is legal. Our international supply chain partnerships will ensure that BlissCo has access to rapidly evolving cannabis consumer and product data,” said Kettlewell.

One such partnership gives BlissCo access to medical-grade cannabis oil through the MIDAS XII Co2 extraction system created by Oregon-based, Vanguard Scientific Systems. Created with the user and final patient in mind, a proprietary two-column design makes the MIDAS one of the only systems in the world with the ability to safely extract therapeutic cannabis terpenes along with the healing whole plant oils, offering a full spectrum of benefits to users.

“BlissCo is excited to bring the first Midas Co2 extractor to Canada and introduce innovative and compliant cannabis oil products to our medical patients and adult users when legal,” said Kettlewell.

The MIDAS represents a significant investment in the BlissCo extraction lab, allowing the company to utilize dozens of cannabis components that were previously inaccessible. As a result, the 420 kilograms of cannabis oil have the potential to generate tens of millions in sales annually for BlissCo depending on the final products that are created and on the evolution of the cannabis extract market.

“The MIDAS Co2 extractor is the culmination of six years of research by scientists and technology pioneers from around the world,” says Vanguard CEO, Matthew Anderson. “We are excited to help bring a new level of plant-based therapeutics to Canadians across the country with the partnership of BlissCo and the forward-thinking support of the Canadian federal government. Extracting cannabis oil can be extremely complex, but with the patented design of the MIDAS, Canadians will soon have access to the world’s purest cannabis oil.”

Stock Option Grant

The Company announces that it has granted 450,000 stock options (the “Options”) to employees and Consultants, at an exercise price of $0.33per Option. Each Option will have an exercise term of up to three (3) years and vesting will be determined by management.

About BlissCo Cannabis Corp

BlissCo (CSE: BLIS) (FRA: GQ4B) owns through its wholly-owned subsidiary BlissCo Holdings Ltd., a license to produce marijuana under the Access to Cannabis for Medical Purposes Regulations (ACMPR) which was originally granted on March 29, 2018.

BlissCo began growing medical cannabis in early May 2018 and applied to Health Canada to amend its ACMPR license to include cannabis oil production in early June 2018.

BlissCo is projected to have a sales license inspection from Health Canada in August 2018 and earn a sales license in September 2018 to sell dried cannabis.

BlissCo’s value proposition is to be a brand focused high-volume distributor, processor and packager of medical cannabis and adult use cannabis when it is legal in Canada.

BlissCo will be processing and distributing cannabis purchased from multiple supply agreements and from cannabis grown at its own start of the art facility in Metro Vancouver, B.C. Currently, BlissCo has a two-year supply agreement with The Supreme Cannabis Company Inc (TSX.V: FIRE) to purchase 3,000 kilograms of premium whole dried cannabis flower.

BlissCo is currently exploring brand expansion opportunities in multiple international markets where medical cannabis is federally legal.

Management is focused on establishing BlissCo as an iconic Canadian cannabis brand.

On Behalf of the Board of Directors

BLISSCO CANNABIS CORP.

Damian Kettlewell, CEO, Founder & Chair

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the word “will” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. This news release contains forward-looking statements and assumptions pertaining to the following: the ability to execute on our strategic plans and the impact on our future operations, capital expenditures, receipt of a cannabis oil license and a license to sell dried cannabis and other objectives, the production capacity of our cannabis oil extraction lab, our access to consumer and market data, and our ability to generate sales from cannabis oil.  Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

SOURCE BlissCo Cannabis Corp.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/13/c8019.html

Damian Kettlewell, CEO, (604) 484 9119, ext. 3, damian.kettlewell@blissco.comCopyright CNW Group 2018

 

Source: Canada Newswire (June 13, 2018 – 5:00 AM EDT)

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Crop Receives DTC Eligibility

VANCOUVER, British Columbia, June 13, 2018 (GLOBE NEWSWIRE) — Crop Infrastructure Corp. (CSE:CROP) (OTCMKTS:CRXPF)  (“Crop” or the “Company”) announces that it has secured The Depository Trust Company (DTC) eligibility for its shares traded in the United States under the symbol CRXPF. The Company’s common shares traded on the OTC Market in the United States, under the symbol “CRXPF” are Depository Trust Company (“DTC”) eligible, effective June 12, 2018. The DTC will facilitate electronic settlement of transfers of its common shares in the United States.

Michael Yorke, CEO of Crop states: “Crop is registering its shares with DTC as a fundamental step towards establishing the company with the American investment community. The DTC’s electronic settlement of our shares is critical to having an effective market. Our goal is to graduate to a more senior exchange in the future, and expand our business endeavors globally.”

About DTC

The DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible.” This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers. Securities that are not DTC-eligible are often not accepted for trading at many brokerages due to the amount of paperwork and manpower required to execute and settle trades, thus making it more difficult for a significant percentage of investors to access the shares. Additionally companies that are approved for DTC electronic transfers often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading.

About CROP Infrastructure Corp.

CROP Infrastructure Corp. is engaged in the business of investing, constructing, owning and leasing greenhouse projects as part of the provision of turnkey real estate solutions for lease-to-licensed cannabis producers and processors offering best-in-class operations. CROP’s portfolio of projects includes greenhouse facilities in California and Washington State.

For more information about CROP Infrastructure Corp.

Michael Yorke – Director
E-mail: info@cropcorp.com
Phone: (604) 484-4206

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or sold in the “United States”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

The securities of the Company are considered highly speculative due to the nature of the Company’s business. The Company is indirectly involved through its business in both the medical and recreational cannabis industry in the United State where local state law permits such activities. As a result of the conflicting views between state legislatures and the federal government regarding cannabis, investments in cannabis businesses in the United States are subject to inconsistent legislation and regulation and therefore there are risks of federal government enforcement. Marijuana-related practices or activities, including the cultivation, possession or distribution of marijuana, are illegal under U.S. federal law.

Forward-Looking Information

Certain statements included in this press release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

Statements about the Company’s business, plans and other statements, are all forward-looking information. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that the U.S. federal government will not prosecute people and companies who are involved directly or indirectly in the legal state cannabis industry, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s business will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.

Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approvals, increase in construction and operating costs, government regulations, changes in laws and the enforcement of such laws, in particular the laws of the Unites States, lack of tenants at the Company’s joint-venture facilities, loss of key employees and consultants, the continued availability of capital and financing, general economic conditions, competition, litigation, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. These assumptions, risks and uncertainties include, among other things, including, but not limited to: regulatory and political risks, in particular those of the United States; change in laws, regulations and guidelines; limited operating history; competition; risks inherit ant in an agricultural business; vulnerability to rising energy costs; environmental and employee health and safety regulations; lack of demand of the Company’s services; dependence on suppliers and skilled labour; reliance on key inputs; operating risk and lack of initial insurance coverage; unfavourable publicity or consumer perception; operation permits and authorizations; risks associated with acquisitions; risks associated with loaned money; financial projections may prove materially inaccurate or incorrect; management of growth; difficulty implementing business strategy; costs of maintaining a public listing; conflicts of interest; litigation; share price fluctuations; limited market for securities; lack of dividends; environmental laws and regulations; economic environment; global economy risk; going-concern risk; and financial risk exposures.

The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements. Neither the CSE nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.

Primary Logo

 

Source: GlobeNewswire (June 13, 2018 – 8:45 AM EDT)

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Future Farm Provides Update on its Cannabis Breeding, Biochemistry and In-vitro Propagation Business Segment

VANCOUVER, British ColumbiaJune 13, 2018 /PRNewswire/ —

Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (OTCQX: FFRMF) is pleased to announce that its cannabis breeding and in-vitro propagation business segment (a joint venture with Rahan Meristem and CEPG, the “JV”) is vetting top candidates to fulfill the lead scientist role for its state-of-the-art laboratory in St. John’s, Newfoundland.

This move ushers in a new phase of planning and development for the space, slated to be completed in November of 2018. The objective for the JV is to position the Company as a research leader in genetics, biochemistry and in-vitro technology in the cannabis space. Research and development in St. John’s will help shape the future of cannabis research thought leadership while gaining valuable insight into propagation, cultivation and manufacturing. Additionally, this strategic JV is expected to create valuable IP to be sold worldwide, providing global reach on a scale thus far unrealized in the cannabis ecosystem.

Leveraging Rahan Meristem’s proprietary technology of non-GMO, in-vitro mutagenesis, Future Farm hopes to make significant strides in the medical applications of the plant.

“The future of agro-biotechnology as it relates to the cannabis plant is in its infancy. The top minds in their respective fields will help pave the way for powerful, ethical applications of this historically underutilized resource. Our strict vetting of top-tier geneticists will guide our vision of developing safe and valuable treatments, fulfilling clear and undeniable social imperative,” states Dr. Eli Khayat, biochemist and plant breeder, Vice President of Research and Development for Rahan Meristem.

On behalf of the Board,

Future Farm Technologies Inc.

William Gildea, Chairman & CEO

About Future Farm Technologies Inc. 

Future Farm is a Canadian company with holdings throughout North America including CaliforniaMassachusettsFloridaMainePuerto Rico and Newfoundland. The Company’s mission is to advance sustainable agriculture through production of wholesale and retail cannabis products, including hemp. As a leader in its field, Future Farm is committed to using only the highest quality processes and products. Towards this goal, the Company acquires or partners with licensed-cannabis operators, and acquires or develops leading technologies in cannabis production, breeding, genetics, and Controlled Environment Agriculture (CEA). Future Farm’s scalable, indoor CEA systems utilize minimal land, water and energy resources. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generates yields up to 10 times greater per square foot of land.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has not in any way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. 

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

For further information, contact:
William Gildea,
Director
(888)387-3761

SOURCE Future Farm Technologies Inc.

 

Source: PR Newswire (June 13, 2018 – 8:00 AM EDT)

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FinCanna Investee ezGreen Compliance launches ezGreen 2.0 to Manage Cannabis Compliance with HIPAA Certified Patient Data Protection Measures

VANCOUVER, British Columbia, June 13, 2018 (GLOBE NEWSWIRE) — FinCanna Capital Corp. (“FinCanna”) (CSE:CALI) (OTCQB:FNNZF) a royalty company for the U.S. licensed medical cannabis industry announces that its portfolio investee company, ezGreen Compliance (“ezGreen”), which offers a state-of-the-art enterprise compliance and point-of-sale (POS) software solution for licensed medical cannabis dispensaries and cultivators, has launched its advanced “ezGreen Compliance 2.0” software solution.

Additionally, ezGreen has executed a strategic partnership agreement with a major technology solution provider in the cannabis industry to offer the ezGreen Compliance solution to its customer base of 1,000+ dispensaries across the United States.

Andriyko Herchak, President and CEO of FinCanna Capital, states, “Protecting patient data is one of the primary concerns of licensed medical dispensaries in the United States, and will no doubt be a focal point in state and federal regulations, as we’ve seen develop in the Pharma sector. The strategic partnership agreement gives ezGreen access to over one thousand dispensaries, with the potential to quickly begin generating sales, of which a percentage of the top line revenue will flow to FinCanna. This further validates our investment thesis in ezGreen and we look forward to being a part of their growth.”

The ezGreen Compliance 2.0 release is an add-on to the company’s existing POS application with new features related to dispensary and retail workflows, custom reporting for retail data sets, and key cannabis platform integrations including the heavy load of ever changing laws and compliance regulations.

As a further point of differentiation, ezGreen has achieved certification status with METRC, and as part of its ezGreen Compliance 2.0 release, is developing deep integration with their seed to sale tracking program.  The METRC tracking system was specifically designed for government agencies in charge of legalized marijuana enforcement.

The ezGreen Compliance 2.0 release also features:

  • Enhanced Dispensary Station Workflow Capabilities;
  • Product Automation for State Taxation and Reporting;
  • Product Formulary Management Tools for Custom Retail Portal Needs.

Specifically developed to address the needs of the cannabis Industry, ezGreen Compliance is a HIPAA certified POS solution developed and supported by Automated HealthCare Solutions (AHCS).  AHCS is a leading point of care tracking and dispensing software solution developed over the past 16 years which currently supports 3,500+ active physician operated clinics and dispensaries, all while maintaining HIPAA compliance following essential Health and Human Services standards in the United States.

About ezGreen Compliance

ezGreen Compliance, located in Fort Lauderdale FL, provides through its ezGreen software technology, a proven state-of-the-art enterprise compliance and point-of-sale software solution for licensed medical cannabis dispensaries and cultivators. Navigating through state-by-state license, tax and compliance issues has been challenging for the legal cannabis industry. ezGreen Compliance helps its customers comply with both the Health Insurance Portability and Accountability Act (“HIPAA”) and State Laws by ensuring patients’ confidential data is being handled properly, helping to protect from possible security breaches and financial and criminal liability resulting from potential violations. For more information around a HIPAA compliance strategy for the Cannabis industry, please visit www.ezgreencompliance.com .

 About FinCanna Capital Corp.

FinCanna provides financing to top-tier companies in the licensed medical cannabis industry in exchange for a royalty on revenues.  FinCanna, led by a team of finance and industry experts, is building its diversified portfolio of royalty investments in scalable, best-in-class projects and companies in U.S. legal states, with a focus on California.  For additional information visit www.fincannacapital.com and FinCanna’s profile at www.sedar.com.

FinCanna Capital Corp.
Andriyko Herchak, CEO & Director

Investor Relations:
Arlen Hansen
Kin Communications
1-866-684-6730
CALI@kincommunications.com

Forward-Looking Information

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the market for, and effectiveness of, ezGreen software, the ability of ezGreen Compliance to expand operations and generate sales and revenues, the results of operations of Chameleon Collective, FinCanna’s ability to fund and source future projects, and FinCanna’s ability to earn and realize revenues from its investee companies.  By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the risks identified in the CSE listing statement available at www.SEDAR.com and other reports and filings with the applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made, and the respective companies undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

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Source: GlobeNewswire (June 13, 2018 – 3:05 AM EDT)

The post FinCanna Investee ezGreen Compliance launches ezGreen 2.0 to Manage Cannabis Compliance with HIPAA Certified Patient Data Protection Measures appeared first on CannabisFN.