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

TORONTO, June 13, 2018 (GLOBE NEWSWIRE) — 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, and WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD”), a federally-licensed producer and distributor of medical cannabis, are pleased to announce they have entered into medical cannabis research and development supply and collaboration agreements (the “Agreements”).

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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 WeedMD Inc.

WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc., a federally-licensed producer and distributor of medical cannabis and cannabis oil under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”). WeedMD operates a 26,000 sq. ft. indoor facility in Aylmer, Ontario, and a second-site greenhouse cultivation 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’ market in Canada through its specialized and comprehensive platform. 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.

For more information, access our investor presentation here and corporate video here.

Follow WeedMD:

https://www.facebook.com/weedmd/
https://www.linkedin.com/company-beta/5020743/
https://twitter.com/WeedMD
https://www.instagram.com/weedmd/

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.

For further information, please contact:

WeedMD Inc.

Keith Merker, Chief Financial Officer
Tel: 519-765-2440 Ext. 222
Email: investor@weedmd.com

To learn more, visit us at www.weedmd.com

For Media Inquiries:

Marianella delaBarrera
Margin Communications & Public Relations
Tel: 416-897-6644
Email: marianella@marginpr.com

Revive Therapeutics Ltd.

Craig Leon, Chief Executive Officer
Tel: (416) 272-5525
Email: craig@revivethera.com

To learn more, visit us at www.ReviveThera.com

WeedMD Inc. Forward-Looking Information

This press release contains forward-looking information based on current expectations. Statements about the date of trading of the Company’s common shares on the Exchange and final regulatory approvals, among others, are 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. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless 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

Revive Therapeutics Ltd. Cautionary Note Regarding Forward-Looking Statements

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

This news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute “forward-looking information” that involves known and unknown risks and uncertainties, which are not comprised of historical facts, and most of which are beyond the control of Revive. Forward-looking statements include estimates and statements that describe Revive’s future plans, objectives or goals, including words to the effect that Revive or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “intends”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”, and similar expressions. Specifically, forward-looking statements in this news release include, without limitation, statements regarding: Revive’s cannabis research and development supply agreement with WeedMD; Revive’s Collaboration Agreement for Medical Cannabis Products and Therapies with WeedMD; Revive’s drug research and development, and commercialization plans; Revive’s research, development and commercialization plans for plant-based therapies, including cannabinoids; Revive’s cannabinoid delivery technology; Revive’s license agreement with Wisconsin Alumni Research Foundation; Revive’s cannabinoid-based product pipeline; the timing of operations; and estimates of market conditions. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events, performance, or achievements of Revive to differ materially from those anticipated or implied in such forward-looking statements. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Revive believes that the expectations reflected in these forward-looking statements are reasonable, but there can be no assurance that actual results will meet management’s expectations. In formulating the forward-looking statements contained herein, management has assumed: that business and economic conditions affecting Revive will continue substantially in the ordinary course and will be favourable to Revive; that clinical testing results will justify commercialization of the Revive’s drug candidates; that Revive will be able to obtain all requisite regulatory approvals to commercialize its drug candidates; that such approvals will be received on a timely basis; and, that Revive will be able to find suitable partners for development and commercialization of its drug repurposing candidates on favourable terms. Although these assumptions were considered reasonable by management at the time of preparation, they may prove to be incorrect and no assurance can be given that such events will occur in the disclosed time frames or at all.

Factors that may cause actual results to differ materially from those anticipated by these forward-looking statements include: uncertainties associated with obtaining regulatory approval to perform clinical trials and market products; the need to establish additional corporate collaborations, distribution or licensing arrangements; Revive’s ability to raise additional capital if and when necessary; intellectual property disputes; increased competition from pharmaceutical and biotechnology companies; changes in equity markets, inflation, and changes in exchange rates; and other factors as described in detail in Revive’s Management’s Discussion & Analysis for the period ended June 30, 2017 and Revive’s other public filings, all of which may be viewed on SEDAR (www.sedar.com). Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements and information, which are qualified in their entirety by this cautionary statement. Except as required by law, Revive disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

 

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

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Quadron Cannatech Expands Products to Capitalize on Extracts

There’s little doubt that cannabis extracts account for a growing percentage of the North American cannabis market. In Canada, extracts accounted for about 60 percent of all cannabis sales, as of the third quarter of last year (the latest data available). In the U.S., cannabis extracts have become increasingly popular in California, Nevada, and other markets where consumers are looking for alternatives to smoking cannabis.

Quadron Cannatech Corp. (CSE: QCC) is a Vancouver-based provider of equipment, products and service solutions for the authorized cannabis industry,  providing a full array of end-to-end extraction and processing solutions, including sales of end user delivery options (such as vapor pens) for medical and recreational consumers. With a growing product portfolio, the company is uniquely positioned to capitalize on this growing demand over the coming years.

Growing Market for Extracts

Canada’s cannabis industry is projected to reach C$22.6 billion over the coming years, according to Deloitte, driven by the legalization of recreational cannabis use this summer. While cannabis flower characterized the market in the early years, cannabis extracts have become increasingly popular and eclipsed cannabis flower sales this year. These products are commonly used in vaporizers or edible products that may be more accessible to consumers.

According to Health Canada, cannabis extract sales rose from about 50 percent of total cannabis sales in the first quarter to about 60 percent of sales by the third quarter of last year (the latest data available). Cannabis oil inventories were also much thinner than cannabis flower – 11,140 kg versus 38,927 kg – which suggests that cannabis extract pricing could be more favorable and consumer demand may have been higher than expected.

Quadron provides turn key cannabis extraction equipment and processing solutions, as well as consumer products (such as vape pens), to licensed cannabis producers. Its flagship BOSS supercritical C02 extraction system combines proprietary max flow technology and advanced thermodynamics, automate features, and an exclusive plug and play design to create an industry-leading solution.

Over the past few quarters, the company has seen growing demand for its BOSS CO2 Extraction System and is co-developing several new pieces of equipment for commercial release into the North American market in conjunction with Washington-based Lucid Labs. This equipment includes an automated ethanol extraction system, advanced filtration system, distillation system, and an automated hydrocarbon extraction unit.

Quadron Places First Mobile Unit

Quadron recently announced the sale of its first mobile extraction module to TLC Botanicals. The First Nation holistic family-owned company is working with both First Nations and conventional patients to provide medical cannabis to patients under Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR). The company plans on providing these products through its subsidiary, Shamans First Choice dispensary.

“It was a pleasure working alongside the Quadron team in the purchase of our new extraction unit,” said TLC Botanicals General Manager Dave Campbell in the press release announcing the deal. “The professionalism they showed us was evident as they took our customized order and made the necessary adjustments to maximize the production levels we require. We look forward to future dealings with Quadron and its great team.”

“Through innovative engineering, and by leveraging our extraction and processing knowledge and expertise, we’ve designed a turn-key, drop in place, fully-functioning extraction environment,” said Quadron CEO Rosy Mondin. “The end result is a processing solution that serves a growing demand within the cannabis industry, enabling participants to process plants for terpenes and other cannabis compounds in a safe and professional setting.”

Looking Ahead

Quadron Cannatech Corp. (CSE: QCC) represents a compelling investment opportunity within the global cannabis industry. With extracts quickly becoming the most popular form of cannabis, the company’s innovative BOSS CO2 Extraction System continues to see strong demand from clients in Canada and around the world. The sale of its first mobile extraction unit marks a further expansion into the 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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CROP Announces $1 Million Acquisition of United States Distribution and Italian Territory Rights to 50 Cannabis Wellness Products from They Yield Growth Corp.

VANCOUVER, British Columbia, June 12, 2018 (GLOBE NEWSWIRE) — CROP Infrastructure Corp. (CSE:CROP) (OTCMKTS:CRXPF) (“CROP” or the “Company”) is pleased to announce it has signed a definitive licensing agreement for US distribution rights and for the exclusive Italian rights to The Yield Growth Corp.’s proprietary cosmetic and therapeutic products that are formulated for infusion with cannabis.

The agreement grants CROP the license to infuse Yield Growth subsidiary Juve Wellness Inc.’s products with high CBD / low THC cannabis and exclusively distribute the products in Italy for three years, with  annual renewals on achieving certain sales. Juve has agreed to customize branding and labelling of its products for CROP for the Italian market.

CROP is also acquiring the non-exclusive rights to distribute the line of hemp root oil based Juve products in the United States.   Juve and CROP have agreed to negotiate exclusively for a period of 30 days for the possible exclusive rights to infuse the products with cannabis and distribute them in California and Washington.

Juve has developed a modern wellness line inspired by Ayurveda, an ancient and effective medical system that uses plant based ingredients for healing and wellness. Juve has registered 25 of its products with Health Canada and has submitted 10 provisional patent applications in the United States for its formulas and extraction process.  Juve plans to launch its products for Canadian retail distribution in early 2019.  The line includes over 50 cosmetic and therapeutic products based on proprietary completely organic formulations which have been designed to be infused with Cannabidiol (CBD) and Tetrahydrocannabinol (THC).  The line includes face and body products customized according to specific body biology, including daily ritual oils, moisturizers, face mists, bath salts, soap and face masks.  Therapeutic products include sunscreen, anti-aging serum, topical formulations for treatment of inflammation and chronic pain, sports spray, teas and capsules.  Sexual lubricant, massage oils, lip balm, deodorant and sunscreen are also included in the CROP licensing package.

According to a study by Arcview Market Research and its research partner BDS Analytics, by 2027 worldwide sales of legal cannabis are forecast to reach $57 billion. During that period, spending in North America is expected to leap from $9.2 billion to $47.3 billion driven mainly by recreational use. The fastest cannabis market growth is expected to come from outside North America, especially Europe where the main growth driver will be medical applications.  Medical cannabis use will be fed by $1.3 trillion estimated annual government-subsidized healthcare spending. The structure of the healthcare industry is expected to make Europe the number one medical cannabis market in the world.

“We are thrilled to be aligned with CROP Infrastructure Corp. to infuse with cannabis and distribute our extensive line of wellness products throughout Italy,” says Penny Green, President and CEO of Yield Growth. “CROP is at the forefront of the burgeoning Cannabis industry as it now seeks to move beyond the State of Washington and California with this deal as its entry into the European cannabis market.”

Michael Yorke, CEO of CROP Infrastructure stated, “This acquisition will be complementary to our efforts of expanding our operations into Europe. We also look forward to bringing this suite of new offerings to our tenant growers and their distribution in Washington and California and as we continue to expand into other States.”

Under the terms of the agreement, Yield Growth will receive $1 million for the Italian license and distribution rights through the issuance of 2,500,000 units of CROP at a deemed price of $0.40 per unit.  Each unit will consist of one common share of CROP and one half warrant to purchase one additional common share at an exercise price of $0.55 per share for eighteen months. The shares will be subject to escrow provisions which will release the stock over a period of three years. In addition to the $1 million unit issuance to Yield Growth, CROP intends to complete a private placement for $200K worth of additional units to pay for marketing expenses.

About The Yield Growth Corp.

The Yield Growth Corp. is a wellness asset growth company cultivating high value companies, brands and assets centered around the legal cannabis industry and its key players. Yield Growth is committed to providing a highly personalized, informed and value-added customer experience within the wellness industry. Yield is a partially owned subsidiary of Glance Technologies Inc. (CSE:GET) (OTCQB:GLNNF) (FKT:GJT).

For more information about The Yield Growth Corp., visit yieldgrowth.com or contact info@yieldgrowth.com.

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

Disclaimer for Forward-Looking Information
Certain statements in this press release 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 purchase, development and leasing of projects, commencement of construction of additional greenhouses, estimated Tenant production of product, the pursuit of new opportunities and the expansion of CROP’s portfolio. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Company’s ability to execute on its business plan, raise additional funds as and when required, legal and political risks regarding the cannabis industry, including the changes of municipal, state, provincial and federal laws thereof, the risk that Humboldt may require further capital to execute on its expansion plans 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, except as required by applicable law.

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Source: GlobeNewswire (June 12, 2018 – 8:30 AM EDT)

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Speakeasy Cannabis Sends Management and Team of Advisers to Israel to Negotiate Possible Transactions

VANCOUVERJune 11, 2018 /CNW/ – Speakeasy Cannabis Club Ltd. (CSE: EASY) (Frankfurt: 39H) (the “Company” or “SpeakEasy”) is proud to announce that it has sent executive management and a team of advisors to Israel to negotiate possible partnerships. Partnerships of interest include supply agreements, sales agreements, and branded partnerships.

Israel has become a hot bed for cannabis transaction on the heels of a September 2017 decision by the Agriculture Ministry to classify the medical marijuana industry as a legal farming sector. That granted cannabis growers access to government aid, grants and training.

“We are very excited to have gone to Israel and talked to a wide variety of cannabis producers, sellers, and marketers. It has given us different outlooks on the cannabis industry that will be beneficial to our future growth as the Canadian cannabis matures. Further the future potential partnerships are very promising and will not only add significant value, but make Speakeasy a global company,” states CEO Marc Geen.

About SpeakEasy Cannabis Club Ltd. (CSE:EASY)

SpeakEasy Cannabis Club Ltd. is a late stage ACMPR applicant that is leveraging three generations of farming experience and the largest land package of LP in Canada with 290 acres of the best agricultural land in British Columbia’s Southern interior region; known as the Napa Valley of weed country. SpeakEasy is disrupting the cultivation model by aggregating British Columbia’s best craft growers under one umbrella to produce the highest quality cannabis targeted at the highly sought after millennial recreational market.

SpeakEasy has submitted its extensive evidence package to Health Canada for its current 10,000 square feet facility and has commenced construction on its 80,000 square feet expansion facility. This 80,000 square foot facility will include growing, extraction and genetics labs.

ON BEHALF OF SPEAKEASY CANNABIS CLUB LTD.

(signed) “Marc Geen

Chief Executive Officer

Not for distribution to United States wire services or dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy 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 “U.S. Securities 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 U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 Target’s future facility expansion plans or ACMPR license application 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. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to obtain regulatory approval, the continued availability of capital and financing, and general economic, 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. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. 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 Canadian Securities Exchange (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.

SOURCE SpeakEasy Cannabis Club Ltd.

View original content: http://www.newswire.ca/en/releases/archive/June2018/11/c4976.html

please contact: Speakeasy Cannabis Club Ltd., www.speakeasygrowers.com, Telephone: 604-283-1722Copyright CNW Group 2018

 

Source: Canada Newswire (June 11, 2018 – 4:05 PM EDT)

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Delta 9 Cannabis and Fort Garry Brewing Release ‘Legal Lager’ Beer

WINNIPEGJune 12, 2018 /CNW/ – DELTA 9 CANNABIS INC. (TSXV: NINE) (“Delta 9” or the “Company”) and the Fort Garry Brewing Company celebrated the Monday night launch of their first jointly developed beer.

Delta 9's Legal Lager was officially released on May 11, 2018 as a joint project with Fort Garry Brewing Co. (CNW Group/Delta 9 Cannabis Inc.)

Delta 9 Legal Lager is now on sale at MLLC liquor outlets across the province, and is the first beer produced as a collaboration between a brewery and a legal cannabis company. Delta 9 provided the raw hemp material for the beer while Fort Garry Brewing is responsible for production and marketing. Both companies shared the cost of research and development.

Legal Lager is an alcoholized beer infused with material from hemp seeds, and therefore contains no cannabis or any other psychoactive agent produced from the cannabis plant. However, the hemp beer released this week is a first step in an ongoing research and development project to jointly produce a cannabis beer that contains THC.

The two companies are currently developing a co-branded, cannabinoid-infused beer that contains no alcohol. Release of that Phase 2 product would be developed internally as a concept beverage, and would not be sold or made available to the public until it is approved by Health Canada and relevant provincial regulatory bodies.

Under the agreement, Delta 9 will incur the costs and responsibility for marketing and distribution of the Phase 2 cannabis beer, which could not legally be sold in liquor stores.

“Since Delta 9 is one of the companies awarded a retail license from the Province of Manitoba, we are ideally placed for distribution and sale of this type of product,” explained Delta 9 CEO John Arbuthnot.

“Legal lager is a hemp based beer, so it’s something new we’ve created,” said Fort Garry’s head brewer Daniel Geddes. “It’s quite unique in the industry and there’s not a lot of hemp beers available. We wanted to add a little more complexity to this beer, as well as showcase the hemp itself.

“Frankly as it competes with alcohol or soda pop or other beverages, we’ve got something that’s lighter on alcohol and doesn’t give you a hangover; that’s a pretty competitive value proposition,” Arbuthnot said.

Coverage of the Legal Launch can be seen on CityTV News: https://winnipeg.citynews.ca/video/2018/06/08/hemp-infused-beer-coming-to-canada/

“We see this as a great partnership between two of Manitoba’s best-known brands,” Arbuthnot added. “Fort Garry Brewing is one of the best craft brewers in Canada and they make my favourite beer, while Delta 9 is truly Manitoba’s Own Cannabis Producer.

“This is a Made-in-Manitoba product that’s ready for people in our province to enjoy this summer.”

About Delta 9 Cannabis Inc.
Delta 9’s wholly-owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical marijuana pursuant to the ACMPR and operates an 80,000 square foot production facility in Winnipeg, Manitoba, Canada. Delta 9’s shares trade on the TSX Venture Exchange under the symbol “NINE”.

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 and other matters. 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: (i) Delta 9’s expansion plans; (ii) Delta 9’s production of cannabis; (iii) approvals for Delta 9’s production facilities by Health Canada; (iv) demand for Delta 9’s products; and (v) Delta 9’s cost to produce its grow pods. 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 Delta 9’s currently contemplated expansion and development plans may cease or otherwise change, Delta 9’s production of cannabis may be lower than expected, Delta 9 may not obtain the required approvals from Health Canada, demand for Delta 9’s products may be lower than anticipated, Delta 9’s cost to produce its grow pods may be higher than expected and all other risk factors set forth in the filing statement of Delta 9 dated October 25, 2017which has been filed on SEDAR. 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 Delta 9 Cannabis Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/12/c2248.html

Contact Gary Symons, Director of Communications, communications@delta9.ca, 250.300.9352Copyright CNW Group 2018

 

Source: Canada Newswire (June 12, 2018 – 5:00 AM EDT)

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Micron to Deliver First Cannabis Waste Digester to Aurora Cannabis

VANCOUVER, British Columbia, June 12, 2018 (GLOBE NEWSWIRE) — Micron Waste Technologies Inc. (the “Company”) (CSE:MWM) (OTC:MICWF) (Frankfurt:7FM2), a leading developer of aerobic digester solutions for the treatment of organic waste, is pleased to announce the design and manufacturing of its Cannabis Waste Digester is now complete, with delivery to Aurora Cannabis Inc.’s (“Aurora”) (TSX:ACB) facility in Mountain View County, Alberta scheduled for the week of June 25, 2018.

At Aurora Mountain, a 55,200 square foot, purpose-built cannabis production and cultivation facility with an output of approximately 4,800 kg of premium cannabis each year, the unit will undergo final on-site beta testing and optimization specific to production cycles. To date, organic waste from the facility has been processed using traditional methods under Health Canada regulations.

The Micron Cannabis Waste Digester, with multiple patents pending, was engineered based on proprietary foundation technology proven through an extensive food waste processing project with a large supermarket chain. The Mountain facility unit is the first of several commissioned by Aurora, subject to the technology meeting certain milestones, under a collaboration agreement announced in December 2017. Subsequent units will be available to Canadian, American and international cannabis cultivators.

“The Cannabis Waste Digester is a model of green technology innovation and its shipment to Aurora for final testing is a key milestone that positions us well to access this rapidly growing market,” said Micron President Alfred Wong. “Our digester offers cannabis cultivators the ability to treat cannabis waste on-site without the need for hauling to landfills or incineration. Importantly, it treats cannabis residues and keeps them out of the waste stream, while producing clean water and facilitating efficient waste inspection for growers and regulators.”

The Company’s proprietary Cannabis Waste Digester, resulted from a collaboration with Aurora to develop a clean technology solution to process organic waste generated from the growth and cultivation of cannabis, while mitigating concerns about the potential environmental impact.

“Industry-leading innovation is central to the Aurora Standard,” said Dieter MacPherson, Aurora’s Vice President of Production. “We asked Micron to work with us to reinvent cannabis waste processing to make it more cost-effective, less onerous, and particularly environmentally sound. We look forward to receipt of the first Cannabis Waste Digester at Aurora Mountain and working with the Micron team to fine tune it to meet our specifications.”

Water extracted from cannabis waste by the Micron digester is treated to meet local water discharge standards or can be recycled back into the cultivation process. Cannabinoid residues –  including Δ9-THCA, Δ9-THC, CBDA, CBD, and CBN – present in the waste streams are denatured.

“Developing a platform to denature cannabis residues was an exciting scientific and technological challenge,” said Micron Waste Chief Technology Officer Dr. Bob Bhushan, developer of Micron’s commercial organic food waste digester system. “I am extremely proud of our scientific team of biologists and engineers who took this project from concept to completion in under six months. We exceeded the requirements of Health Canada’s Access to Cannabis for Medical Purposes Regulations and improved on our previous high standards for waste water purification, which were already over and above those stipulated in municipal discharge regulations.”

About Micron Waste Technologies Inc.
Micron Waste Technologies Inc is a well-funded technology company with over $6 million in working capital. The Company’s organic waste management system processes organic waste directly on-site and treats the resulting waste water into clean water which meets municipal sewage discharge standards. The treated water can be discharged directly into the sewer or recycled back into industrial or agricultural operations. The Company has developed the world’s first Cannabis Waste Digester which denatures active pharmaceutical compounds from waste streams. Please visit our website at www.micronwaste.com for further information. Micron is a public company with listings on the CSE: MWM, OTC: MICWF, and in Frankfurt: 7FM2.

On Behalf of the Board
Rav Mlait
Chief Executive Officer and Director

For further information contact:

Media Inquiries:

Karen Lauriston
+1.905.691.1185
karen@micronwaste.com

Investor Relations
+1.844.318.8216
info@micronwaste.com
www.micronwaste.com

The Exchange does not accept responsibility for the adequacy or accuracy of this release

FORWARD LOOKING STATEMENTS:
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.

Primary Logo

 

Source: GlobeNewswire (June 12, 2018 – 7:00 AM EDT)

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48North 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 48North Cannabis Corp. (TSXV: NRTH) has engaged CFN Media to conduct a 3-month investor and market visibility program to begin on June 12, 2018.

“48North is focused on female health and wellness with a state-of-the-art indoor facility in Ontario that produces the best genetics and the highest standards,” said Frank Lane, President of CFN Media. “We’re excited to be working with the company as they gear up to go public today and continue to build out their production capacity and brand portfolio.”

”We are excited to be working with CFN Media to connect with key investors, media, and influencers in the cannabis space,” said Alison Gordon, CEO of 48North. “2018 has already been a breakout year for us, and we will continue to achieve key milestones towards being the premier women’s health and wellness cannabis company. We believe CFN will be an important partner every step of the way.”

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 48North 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 48North

48North Cannabis Corp. is a TSXV Venture Exchange listed company whose wholly owned subsidiary DelShen Therapeutics Corp. (“DelShen”), is a licensed producer of medical cannabis in Canada. 48North grows unique genetics sourced from MariPharm B.V., a Netherlands-based phytopharmaceutical company with over 25 years of experience in the research and cultivation of cannabis for medical purposes. Its genetics are grown to exacting standards, ensuring patients can count on receiving the highest-quality cannabis products.

DelShen is regulated by the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) and the facility is located on 800-acres of owned land near Kirkland Lake, Ontario.  DelShen’s license to produce cannabis was granted on Feb. 28, 2017, and pertains to the facility, a state-of-the-art, closed-box, 40,000-square-foot building with an additional 200,000 square feet of production space planned within the current security perimeter.

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Canada’s Premiere Female-Focused Health And Wellness Cannabis Company, 48North Cannabis Corp., Commences Trading On TSX Venture Exchange

TORONTO, June 11, 2018 /CNW/ – 48North Cannabis Corp. (“48North” or “the Company”) (TSXV: NRTH) is announcing that the Company’s common shares will commence trading following the opening of the market today on the TSX Venture Exchange (“TSXV”) under the new symbol “NRTH.”

48North Corporate Team handout. (CNW Group/48North Cannabis Corp.)

“48North is a future-focused company on track to serve the female health and wellness cannabis market with innovative next generation products and brands,” said Alison Gordon, Chief Executive Officer of 48North. “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.”

“In addition to our market position, we have an exciting and unique strategy that aims to leverage 48North’s cultivation facilities with our expertise in the consumer packaged goods space,” continued Ms. Gordon. “The TSXV was built to facilitate entrepreneurial companies like us and within this reputable and highly regulated environment, our public listing will increase visibility and access to capital, while providing liquidity for our shareholders.”

48North cultivates high quality cannabis with unique genetics from the Netherlands. With a business strategy in place to leverage intellectual property and formulations, as well as partner with existing U.S. and global brands, the goal is to have licensed CPG products available in retail upon legalization of adult recreation in accordance with the Cannabis Act.

48North’s TSXV listing follows the completion of the Company’s qualifying transaction. Please refer to the Company’s press release dated June 5, 2018, for further detail.

About 48North
48North Cannabis Corp. is a TSXV Venture Exchange listed company whose wholly owned subsidiary DelShen Therapeutics Corp. (“DelShen”), is a licensed producer of medical cannabis in Canada.  48North grows unique genetics sourced from MariPharm B.V., a Netherlands-based phytopharmaceutical company with over 25 years of experience in the research and cultivation of cannabis for medical purposes. Its genetics are grown to exacting standards, ensuring patients can count on receiving the highest-quality cannabis products.

DelShen is regulated by the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) and the facility is located on 800-acres of owned land near Kirkland Lake, Ontario. DelShen’s license to produce cannabis was granted on Feb. 28, 2017, and pertains to the facility, a state-of-the-art, closed-box, 40,000-square-foot building with an additional 200,000 square feet of production space planned within the current security perimeter.

Forward-looking statements

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

Although the Company 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.

There can be no assurance that such forward-looking statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. 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. The Company disclaims any intention or obligation to update or revise such information, except as required by applicable law, and the Company does not assume any liability for disclosure relating to any other company mentioned herein.

SOURCE 48North Cannabis Corp.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/11/c6694.html

please contact: 48North Investor Relations, Heidi Christensen Brown, (416) 848-1389, hchristensenbrown@national.ca; David Hackett, Chief Financial Officer, 48North, david@48nrth.com, 416 639 5891 ext 304Copyright CNW Group 2018

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BioTrackTHC and MainStem Team Up to Launch Business Supplies Marketplace

In the latest collaboration within the cannabis technology sector, BioTrackTHC has teamed up with MainStem, a web-based ancillary business supplies distribution company in the cannabis industry, to provide customers access to business supplies at wholesale prices through the MainStem Marketplace.  The MainStem Marketplace can be accessed conveniently and directly within the BioTrackTHC user-interface and features MainStem’s complete catalogue of ancillary products such as product packaging, retail accessories, grow supplies, traceability equipment, and much more from a wide selection of popular industry suppliers.  Access to the Marketplace is now included in BioTrackTHC’s commercial software at no additional cost to customers and provides up to 30% off of retail pricing.

“At the start of 2018, we made a promise to our customers to seek out integration partners and focus on providing value to the licensees who make this industry run,” said Dr. Moe Afaneh, COO of BioTrackTHC.  “Providing this service free of charge gets us back to the basics of seed-to-sale by further streamlining business operations and in helping our customers reduce their costs and support their bottom lines.”

The Marketplace manages payment processing, order fulfillment, order status, and customer service, and is directly supported and operated by MainStem’s team of dedicated account managers.  BioTrackTHC’s Marketplace customers not only experience the same one-stop shopping convenience enjoyed by MainStem’s other customers, but can also unlock both wholesale pricing and premium services such as managing orders to multiple locations with individualized tracking of each order.  By ordering business supplies in large quantities on behalf of BioTrackTHC’s entire user base, MainStem is able to purchase those supplies at volume discounts and then pass those savings on to BioTrackTHC’s Marketplace participants.

“We are thrilled that this marketplace launch is immediately adding value to the businesses who rely on us and the cannabis industry at-large,” remarked MainStem CEO, Alen Nguyen. Nguyen added, “BioTrackTHC provides a great value to their customers through its software platform, which businesses already utilize for a significant portion of their day-to-day operations management and compliance. Driving MainStem’s Affiliate Program, BioTrackTHC will be able to extend that value further by offering its thousands of licensed locations with the ability to purchase their supplies at wholesale cost without interrupting their seed-to-sale workflow processes.

About BioTrackTHC
Bio-Tech Medical Software, Inc., through its BioTrackTHC division, develops and provides effective, cutting-edge technology solutions for the emerging medical and recreational cannabis industry. Visit www.biotrack.com/ for more information, email sales@biotrackthc.com or call 1-800-797-4711 to order software.  Follow us on Facebook, Twitter and LinkedIn for important updates and relevant industry news.  BioTrackTHC currently holds 9 government contracts and operates across 28 states, D.C., Jamaica, Australia, Puerto Rico and Canada.  Bio-Tech Medical Software, Inc. is a wholly-owned subsidiary of Helix TCS Inc (OTCQB: HLIX).

About Helix TCS
Helix TCS, Inc. (OTCQB: HLIX) is a premier provider of integrated operating environment solutions for the legal cannabis industry.  Helix provides a proprietary software suite and partnership platform to the legal cannabis industry, helping clients manage inventory and supply costs and bespoke monitoring and transport solutions.  Helix provides clients in the legal cannabis industry high standard security operations, including transportation, armed and unarmed guarding, training, investigation, and special services.

Forward-Looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements.  Actual results might differ materially from those explicit or implicit in the forward-looking statements.  Important factors that could cause actual results to differ materially include: our ability to fund our operations and pay any outstanding debt; fluctuations in our financial results; general economic risks; the volatile nature of the market for our products and services and other factors that could impact our anticipated growth; our ability to manage our growth; changes in laws and regulations regarding the cannabis industry and service providers in the cannabis industry; reliance on key personnel; our ability to compete effectively; security and other risks associated with our business; intellectual property risks; and other risk factors set forth from time to time in our SEC filings.  Helix TCS assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

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WeedMD Secures Cannabis Cultivation Licence for its Large-scale Modern Greenhouse

WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical cannabis, is pleased to announce that it has secured its Health Canada Cultivation Licence for the first four grow rooms within its 220,000 sq. ft. Phase I retrofit of its 610,000 sq. ft. modern greenhouse in Strathroy, Ontario.

With a fully-funded 220,000 sq. ft. retrofit in its final stage, the Company will progressively bring a total of 20 grow rooms online over the coming months. The first set of cannabis plants are ready to be transferred to the new facility over the next couple of weeks from the Company’s fully-licensed and operational facility in Aylmer, Ontario, located 60 km away. When Phase I is complete, WeedMD’s production profile has the possibility of increasing from 1,500 kg to more than 21,000 kg per annum. Additionally, the Company’s fully-funded Phase II expansion is currently underway with an incremental 175,000 sq. ft conversion representing the possibility of an additional yield of 12,000 kg bringing the yearly total to the possibility of more than 33,000 kg by year-end 2018. Once fully retrofitted – bringing total square footage to 610,000 sq. ft. – the entire facility would have the possibility of producing over 50,000 kg annually.

“The milestones achieved in the last 12 months exemplify the break-out year we’ve had at WeedMD as we continue tracking to schedule and budget, while we refine our cannabis production methods and set benchmarks for cultivation in Canada,” said Keith Merker, CFO of WeedMD. “Additionally, we’ve been increasing our headcount since the start of the year in anticipation of this licence, giving us ample time to train our new talent to hit the ground running as we begin expanded cultivation operations. With our state-of-the-art grow facilities, investment in talent acquisition, and the transformational merger announced recently with Hiku Brands Company Ltd. (“Hiku”; CSE: HIKU) (read here), we are positioning the Company and its shareholders for long-term success.”

The Company’s expansion into its large-scale modern greenhouse will be the main supply source for its medical cannabis patients, future adult-use consumers across Canada as well emerging international markets.

About WeedMD’s Greenhouse

  • Situated on 98-acres of property with 610,000 sq. ft. or 14 acres of existing greenhouse structure in addition to ancillary buildings
  • Phase I retrofit represents 220,000 sq. ft. of tempered glass greenhouse which is less than two years old
  • With features such as full climate-control, supplemental lighting and black-out curtains, WeedMD has combined the best of indoor and greenhouse cultivation to create a true “hybrid” greenhouse
  • Equipped with an on-site unlimited supply of natural clean water
  • Modern fertigation system runs on full-recirculation loop which provides an accurate, innovative computerized method of monitoring plant nutrients and water. This will ensure that water is recycled and reused and does not leach into the surrounding area and that WeedMD meets its environmental responsibilities
  • Boiler exhaust is scrubbed of CO2, cleaned and then utilized for production providing significant cost savings and ensuring optimal plant growth

With a true-hybrid greenhouse, WeedMD will be able to produce indoor quality cannabis, with maximum efficiency.

For more information, access our investor presentation here and corporate video here.

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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Aurora Cannabis Signs Supply Agreement with Ascent Industries

Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) today announced that it has signed a cannabis flower and trim supply agreement (the “Agreement”) with Ascent Industries Corp’s (“Ascent”) wholly-owned subsidiary, Agrima Botanicals Corp. (“Agrima”), a licensed producer of medical cannabis pursuant to Health Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”).

Under the terms of the Agreement, Agrima will supply Aurora with up to 20,000 kg of dried cannabis flower and up to 6,000 kg of cannabis trim per year from its Canadian cultivation facilities. The Agreement is effective for a term of five years, subject to a 12,000 kg per year minimum.

“The agreement with Ascent brings further differentiation to Aurora’s growing portfolio of products,” said Terry Booth, CEO. “Expanding product choice to our various audiences through quality operators such as Agrima positions us well to accelerate growth. Furthermore, the relationship provides an opportunity to potentially source additional, higher-margin derivative products down the line.”

Philip Campbell, CEO and Director of Ascent added, “We are delighted to be selected as a supplier to Aurora, a leader in the global cannabis sector. Agrima is committed to providing high-quality cannabis to both consumers and strategic partners, which this new agreement is testament to. We believe this represents the beginning of a strong strategic relationship with Aurora, one which will benefit both companies for years to come.”

Ascent’s wholly-owned subsidiary, Agrima will supply Aurora with dried cannabis flower and trim grown at its facilities in Pitt Meadows, British Columbia. Once operational, the 600,000 square foot, automated cultivation facility will have a total cultivation capacity of approximately 60,000 kg of cut flower per year. Agrima anticipates receiving Health Canada approval towards the end of calendar 2018, and anticipates shipping its first products in Q1 2019.

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 EdmontonInternational 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 17.62% stake in Canadian licensed 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.

About Ascent

In Canada, Ascent is a Licensed Producer under the ACMPR of Health Canada, with licenses to cultivate cannabis and produce cannabis extracts. In addition, the Company plans to apply for a license to distribute cannabis products in Canada under the ACMPR in the near future. The Company has also applied for a controlled drugs license in Canadaunder the Controlled Drugs and Substances Act (Canada). In the United States, the Company holds licenses for the production, processing and wholesale distribution of cannabis in Oregon and in Nevada.

The Company’s operations currently include licensed facilities in British Columbia, Canada, and in Oregon and Nevada in the United States. The Company’s activities at each facility are governed by the applicable licenses held by the Company, and currently include cultivation and extraction in Canada, and production, processing and wholesale distribution of a catalogue of premium cannabis products in Oregon and Nevada. In addition, Ascent conducts cannabis-based research with Simon Fraser University and the University of Kentucky.

The Company is increasing its production capacity from 50,000 square feet to 650,000 square feet in 2018, from which it expects to produce significantly larger quantities of cannabis and cannabis oil to support its expanding operations. The Company offers a product suite of more than 40 unique products under eight consumer focused brands, including gel capsules, oils, vaporizer pens, pre-rolled joints, various edibles and raw flower. Through careful development of its sophisticated cannabis brands, Ascent is positioned to be a leader in branded, commercialized products in both medical and adult-use markets across North America and internationally. The Company’s intellectual property portfolio includes existing trademarks for its sophisticated brands, applications for trademarks internationally for these brands, as well as applications for patents the Company has and is in the process of filing for certain unique scientific formulations and processes the Company has created.

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The Green Organic Dutchman Announces Receipt of Health Canada Cultivation License for Valleyfield, Quebec

TORONTO, June 11, 2018 (GLOBE NEWSWIRE) — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce that, effective June 8th, its wholly-owned subsidiary, Medican Organic Inc. has received its Cultivation License from Health Canada for the Company’s breeding facility in Salaberry-de-Valleyfield, Quebec (“Valleyfield”). The commissioning of this facility will allow the Company to create proprietary, organically grown strains of cannabis and cannabis seeds.

Located on a 72-acre property, the breeding building will house the cultivation of cannabis and the production of seeds and new strains. This building marks TGOD’s first facility in Valleyfield, which will be followed by the addition of TGOD’s flagship 820,000 square foot state-of-the-art hybrid grow facility, which, when complete, will bring TGOD’s domestic production to 116,000 kgs of high-quality, premium organic cannabis annually. Construction of TGOD’s hybrid facility commenced in early 2018, and to date, site-clearing and earthworks have been completed. To view progress, please visit: https://tgod.ca/.

The history and cultivation of cannabis as a crop has resulted in significant limitations on the research of the plant and its development as an agricultural crop. With the changing regulatory landscape, there is a dramatic need to improve current agronomic traits in the different cannabis strains available to and in the possession of Licensed Producers.

Breeding has many different applications and there are several reasons why TGOD plans to engage in a genetic breeding process, while focusing on growing new cannabis strains specifically tailored for specific medical and commercial uses. The various applications include:

  1. Improving the traits of existing strains;
  2. Creating new strains by identifying which cannabinoids lead to certain benefits, and then breeding plants that have specific cannabinoid profiles, resulting in potentially patentable products;
  3. Creating strains that, because of their genetic characteristics, are better suited to certain environmental conditions than others;
  4. Increasing the levels of specific cannabinoids. Specific cannabinoids have been proven to have beneficial effects on certain medical conditions, highlighting the need to advance breeding efforts focused on creating strains rich in cannabinoids such as CBD, GBC and THCV. While for many decades breeders have focused on increasing THC levels, the scientific research demonstrating the medicinal properties of CBD has resulted in an increased demand for high CBD strains;
  5. Increasing pest and disease resistance to reduce crop loss;
  6. Aiming to reduce flowering duration, creating direct profitability improvements by increasing the number of harvest per year; and
  7. Stabilizing genetics in order to produce F1 seeds which will enable plant production directly through seeds as are used in crops such as tomato, cucumber and pepper. This will provide an alternate means to cloning for the growing of this crop.

“One of the biggest gaps in the cannabis industry is the stabilization of genetics through modern breeding techniques, a process that is carried out with most agricultural crops. TGOD’s breeding facility will implement marker-assisted selective breeding to improve traits in cannabis, such as disease resistance to reduce the industry need to rely on pesticides. Improving the plant architecture and flower structure will allow for better mechanization of the harvesting process,” said David Bernard-Perron, Vice President, Growing Operations.

“TGOD’s focus on R&D in the area of breeding and plant genetics will further position the Company as a global industry leader. This technology will enable the Company to produce its own high quality organic cannabis seeds and starting material, which TGOD intends to leverage in its international operations. We are very excited to be focusing our efforts on this important area of innovation which will lead to more tailored strain compositions and a more customized premium product for patients and users,” said Robert Anderson, Co-Chairman and CEO.

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 5,000 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.

Primary Logo

 

Source: GlobeNewswire (June 11, 2018 – 8:14 AM EDT)

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Naturally Splendid Announces Up to $5 Million Bar Manufacturing Contract and $1,260,000 Private Placement

VANCOUVER, British Columbia, June 11, 2018 (GLOBE NEWSWIRE) — Naturally Splendid Enterprises Ltd.(“Naturally Splendid”, “NSE” or “the Company”) (FRANKFURT:50N) (TSX-V:NSP) (OTC:NSPDF) is pleased to announce that it has signed an agreement with a leading national food company for a bar/snack manufacturing contract worth up to $5 million CDN over a 5-year period through its wholly owned subsidiary, Prosnack Natural Foods Inc. (“Prosnack”).

U.S. Snack Bar Market: Market Share, by Product Type, 2017 Chart
United States Snack Bar Market – Growth, Trends and Forecasts (2018 – 2023) – Increasing Demand from the Sports Sector

NSE recently acquired a new state-of-the-art bar/snack manufacturing machine which has increased the Company’s production capacity twofold, while improving on the quality of its bars and snacks. A second shift will also be added to the production schedule to accommodate increases in production needs. The new bar/snack equipment is highly-specialized and opens the door to NSE to obtain new clients that it would not have the opportunity to secure previously.  As well as increased manufacturing capacity, NSE will also be able to greatly extend its product formulation capabilities for house-brands. The equipment’s capabilities are very versatile, having the ability to produce a variety of different products for the food manufacturing industry, including various sized spheres and bars that can be coated with any number of flavours and ingredients.

Naturally Splendid CEO Douglas Mason states, “Securing this new manufacturing contract will provide NSE with needed revenue and access to new markets. 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 labelling and co-manufacturing as enormous opportunities for added revenue, we are currently in advanced discussions with other companies seeking similar manufacturing requirements.”

Naturally Splendid Executive VP Sales & Marketing Alan Maddox states, “After successfully completing the transition of Prosnack to the NSE facility in April 2018, one of our focuses was to increase production capacity to be able to meet the demand for larger clients’ requirements. Acquiring this new machinery has supported us in this objective. The production interruption Prosnack experienced with the transition to the NSE facility near the end of Q4 2017 and in Q1 2018 is now behind us and we are actively seeking more commitments from previous and new clients.”

A report published by MarketResearch.biz on May 30th, 2018, concludes: “The global snack bar market is expected to grow significantly in the coming years. The major factors contributing to the growth of the market include increasing demand of high-protein snack bars, consumers’ daily snacking habits and demands for protein and fibre ingredients that they look for in snack bars.  In addition, there is a rising demand for vegan snack bars as consumers who lead a vegan lifestyle opt for healthy substitutes for meat, dairy and other conventional sources of protein.”

“The market in North America is expected to dominate the global snack bars market owing to living standards coupled with high disposable income. The market in Asia Pacific is expected to register a highest CAGR in the forthcoming years. Snack bars are considered trending options for consumers who prefer on-the-go breakfast and portable and convenient snacking options.”

Increasing Demand from the Sports Sector – published by Mordor Intelligence on December 2017.

Brands are becoming more specific regarding the type of athletic support they provide, by targeting defined segments of the overall sports experience, from preparation to recovery. Energy and endurance bars maintain blood-glucose levels during exercise, and contain a high concentration of carbohydrates, with typically moderate amounts of protein and fat. Balanced bars have very evenly balanced nutritional profiles, which contain similar proportions of carbohydrates, protein, and fat. Protein bars in the United States are targeted at bodybuilders, to help them achieve their muscle mass and strength goals. Consumers of sports nutrition products have been bodybuilders and athletes. This trend is changing, as weekend sports enthusiasts and lifestyle users are creating new market opportunities for snack bar manufacturers.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3a7279b8-c27f-42c5-b470-f6080507d4f8

Private Placement

Naturally Splendid is also pleased to announce the terms of a private placement for up to $1.26 million comprising of up to 7,000,000 units (each a “Unit”) at a price of $0.18 per Unit (the “Offering”).

Each Unit offered will be comprised of one common share of Naturally Splendid and one-half of one common share purchase warrant (“Warrant”), with each whole Warrant entitling the holder to purchase one additional common share at $0.27 per share for a period of two years from the date of the issue.  Naturally Splendid will have the right to accelerate the expiry date of the Warrants if, at any time, the average closing price of Naturally Splendid’s common shares is equal to or greater than $0.35 for 10 consecutive trading days.  In the event of acceleration, the expiry date will be accelerated to a date that is 30 days after Naturally Splendid issues a news release announcing that it has elected to exercise this acceleration right.

There is no minimum amount to the Offering.  The Offering will be completed to “accredited investors” pursuant to National Instrument 45-106 – Prospectus and Registration Exemptions (“NI 45-106”), to existing security holders pursuant to BC Instrument 45-534 – Exemption from prospectus requirement from certain trades to existing security holders (“BCI 45-534”) and to certain subscribers pursuant to B.C. Instrument 45-536 – Exemptions from prospectus requirement for certain distributions through an investment dealer.  The Offering of securities pursuant to BCI 45-534 is being made to existing security holders who held shares of Naturally Splendid on June 7, 2018 (the “Record Date”).  Naturally Splendid confirms that there is no material fact or material change regarding Naturally Splendid that has not been generally disclosed.  In the event that Naturally Splendid receives subscriptions above the maximum, Naturally Splendid will adjust the subscriptions received on a pro-rata basis.

Proceeds of the Offering will be used for expansion of Naturally Splendid’s existing facilities and working capital purposes.  Naturally Splendid may pay finders a finder’s fee in cash and/or share purchase warrants.  Closing of the private placement is subject to TSX Venture Exchange approval.

The securities described herein have not been, 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 accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of Naturally Splendid’s securities in the United States.

About Naturally Splendid Enterprises Ltd.

Naturally Splendid is a biotechnology and consumer products company that is developing, and we are producing, commercializing, and licensing an entirely new generation of plant-derived, bioactive ingredients, nutrient dense foods, and related products. Naturally Splendid is building an expanding portfolio of patents (issued and pending) and proprietary intellectual property focused on the commercial uses of industrial hemp and non-psychoactive cannabinoid compounds in a broad spectrum of applications.

Naturally Splendid currently has four innovative divisions:

(1) BIOTECHNOLOGY –  Focused on three major platforms:

  1. Proprietary HempOmega™ encapsulation
  2. Extraction and formulation with Cannabidiol (CBD)
  3. Hemp and plant-based proteins.

(2) CONSUMER PRODUCTS –

  • NATERA® – brand of retail hemp and superfood products distributed throughout North America, Asia and Europe.
  • Prosnack Natural Foods Inc. (Elevate Me™) – lifestyle brand of healthy meal replacement products distributed throughout North America.
  • Chi Hemp Industries Incorporated (CHII) – e-commerce platform for natural and organic hemp products.
  • PawsitiveFX® – topical pet care products.
  • NATERA®CBD – retail hemp-based cannabinoid nutraceutical and cosmeceutical products distributed in Asia.
  • NATERA®Skincare – brand of retail hemp based cosmeceutical products.

(3) NATERA® Ingredients – bulk ingredients including HempOmega™.

  • ACI Foods is a science-based, industrial hemp seed processing business located in Abbotsford, BC. Listed as the only strictly organic hemp seed processor in North America.

(4) Co-Packaging/Toll-Processing and Manufacturing – packaging for house-brands (NATERA®, CHII™ and Elevate Me™) and third-party partners.

For more information e-mail info@naturallysplendid.com or call Investor Relations at 604-673-9573

On Behalf of the Board of Directors

Mr. Douglas Mason
CEO, Director

Contact Information

Naturally Splendid Enterprises Ltd.
(NSP – TSX Venture; NSPDF – OTCQB; 50N Frankfurt)
#108-19100 Airport Way
Pitt Meadows, BC, V3Y 0E2
Office:  (604) 465-0548
Fax:      (604) 465-1128
E-mail: info@naturallysplendid.com
Website: www.naturallysplendid.com

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid’s control including, Naturally Splendid’s ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; sales of shelled hemp seed will continue at existing rates or increase; customers will complete on sales contracts; and the risk that any of the potential applications may not receive all required regulatory or legal approval. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.

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.

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Source: GlobeNewswire (June 11, 2018 – 5:00 AM EDT)

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MedMen Opens Marijuana Store on ‘The Coolest Block in America’

MedMen opens store on Abbot Kinney Boulevard in Venice, California. (Photo: Business Wire)

MedMen opens store on Abbot Kinney Boulevard in Venice, California. (Photo: Business Wire)

LOS ANGELES–(BUSINESS WIRE)– GQ Magazine called Abbot Kinney “the coolest block in America.” It just got cooler.

“Abbot Kinney combines the comfortable, laid back feel of Venice with some of the best retail, food and drink the West Coast has to offer”

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MedMen Enterprises Inc. (CSE: MMEN) (“MedMen”), the most recognized cannabis brand in the world with stores in Beverly Hills and New York’s Fifth Avenue, opened its newest store on Venice’s Abbot Kinney Boulevard on Saturday.

With banks of news media cameras surrounding the storefront, MedMen co-founders, Adam Bierman and Andrew Modlin, cut the ribbon. They were flanked by U.S. Congressman Ted Lieu, California State Senator Ben Allen, Assembly member Reggie Jones-Sawyer and celebrity Rosario Dawson. Lines of customers waited to enter the store.

Lieu, whose district includes Abbot Kinney, welcomed customers and greeted the press. It marked the first known time an active U.S. congressman was featured in the grand opening of a marijuana dispensary. It underscored how mainstream marijuana has become, and how California is leading the way.

“I’m a big supporter of MedMen. It’s the second store in my district and I’ve always been a big supporter of cannabis legalization,” said Lieu. “In Washington D.C., I have been a co-author of numerous bills to legalize marijuana, to decriminalize it and to make sure that we can have federal banking for cannabis related transactions.”

California is the largest legal cannabis market in the world, with total state-sanctioned annual sales projected to reach $7.7 billion by 2021. Nationally, state-sanctioned marijuana sales are projected to reach $75 billion by 2030.

MedMen is the largest U.S.-based company in the emerging cannabis industry with cultivation, manufacturing and retail facilities in California, Nevada and New York. The company recently announced it has acquired a medical marijuana license in Florida with right to open 25 dispensaries. MedMen Abbot Kinney showcases the brand’s signature iPad menus, bud cases and stylish décor. It is the company’s thirteenth store nationwide. Abbot Kinney Boulevard, in the heart of beachfront town Venice, is one of the trendiest shopping districts in Los Angeles. Forbes calls Abbot Kinney “quintessential LA.”

“Abbot Kinney combines the comfortable, laid back feel of Venice with some of the best retail, food and drink the West Coast has to offer,” Bierman said. “Today is a truly historic moment. We are standing in front of a marijuana store among some of the most popular restaurants and shops in a major American city, in one of the most popular shopping destinations in the world. This is what mainstreaming marijuana looks like.”

ABOUT MEDMEN:

MedMen Enterprises is the preeminent cannabis company in the U.S. and the emerging industry’s most recognized brand, 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

Contacts

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

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MedMen Revises Executive Compensation Plans

June 08, 2018 05:02 PM Eastern Daylight Time

LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (CSE: MMEN) (“MedMen”), the country’s leading cultivator, producer and retailer of state-sanctioned cannabis, announced today that the grant units for its co-founders under its long-term incentive plan (the “LTIP”) will now vest upon achievement of certain share price goals.

Co-founder and CEO Adam Bierman and Co-founder and President Andrew Modlin will receive their LTIP units of MM Enterprises USA LLC according to the following schedule. One third of the total units will vest when the price of MedMen’s Subordinated Voting Shares reaches CA$ 10 in the open market, another third will vest when the share price reaches CA$ 15 and the final third when the share price reaches CA$ 20. The price will be determined as a 5-day VWAP in any exchange where MedMen shares are traded.

This modification to the grants under the LTIP was made to provide greater economic alignment with MedMen’s shareholders.

About MedMen

MedMen Enterprises is the preeminent cannabis company in the United States with multiple assets and operations in California, Nevada and New York, which combined account for nearly half of North America’s addressable legal market. 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 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

Contacts

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

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RISE Life Science Provides Operational Update

Toronto, Ontario–(Newsfile Corp. – June 8, 2018) – RISE Life Science Corp. (CSE: RLSC) (the “Company” and/or “RISE”), today provided an operational update on its plans and projected timelines for the 2018 calendar year. RISE is pleased to announce that it expects to launch its own commercial products for sale in the California market on or about its previously announced launch date of 6/20/2018.

“With the recent introduction of the RISE Report on SEX and Cannabis our longitudinal cannabis and sex study, followed by the launch of our digital publication, RISE Mag (http://riselifescience.com/rise-mag/), which just completed featured coverage of the recent Lift event in Toronto, we have already executed against a number of key milestones,” said Anton Mattadeen, CEO of RISE. “In this activity update we are pleased to share that our targeted product rollout in the California market is on schedule. It will begin with our suite of CBD sexual health products, followed by CBD topical products in early calendar Q3 2018, coinciding with the launch of our full CBD suite of sexual health products in other legal jurisdictions. The Company is also planning a CBD-based beverage line of products in multiple markets within the next 12 months.”

RISE products are expected to be available in California retail locations by the end of July and will be offered through dispensaries initially, followed by health food retailers and natural wellness boutiques. Chris Dollard, COO of RISE stated that “Addressing sexual health and wellness is a deeply personal decision that requires both excellent communication protocols and discretion. We want the retail experience to be comfortable, enlightening, and above all – fun. Communicating the right information in the right way is a key process for us and the main reason why we are so selective about our retail partnerships.”

All RISE products are designed to appeal to the conventional mass adult market. The Company is therefore planning to utilize other mainstream health and wellness retail distribution points beyond dispensaries to widen availability. Mr. Mattadeen further stated that “Our CBD baseline supported by our cannabis and sex longitudinal research study enables us to provide products and information that fits perfectly within any health and wellness retail environment, and is the only suite of CBD products supported by open, ongoing behavioral research efforts. As the importance of CBD continues to gain traction as an important product set for trusted local and national health retailers, RISE sexual health and wellness products will be well positioned to become a big part of that story.”

Longer term, the Company’s goals include establishing the capacity in 2019 to market its full spectrum of CBD products in the United States, Canada and Europe. Beyond 2019, the Company’s expansion goals include seeking marketing and manufacturing partnerships in the Asia-Pacific region, while continuing to deepen and expand its range of products.

About RISE Life Science Corp.

RISE Life Science Corp. develops cutting-edge cannabis consumer products for both medical and adult-use markets around the world in jurisdictions that have legal regulatory frameworks in place. All products are based on patent-pending formulations and processes to produce specifically targeted effects. A key area of focus for RISE is research-based formulations to address adult sexual health and wellness for both women and men.
(http://riselifescience.com)

Cautionary Statement Regarding Forward-Looking Information

The Canadian Securities Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release.

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 RISE’s 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, target, goals, projections, anticipated” and similar expressions, are forward- looking statements. Forward-looking statements may include, without limitation, statements including the Company’s expectations with respect to pursuing new opportunities and its future growth and other statements of fact.

Although RISE 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: general economic conditions; pending and proposed legislative or regulatory developments including the impact of changes in laws, regulations and the enforcement thereof; reliance on funding models; operational and infrastructure risks including possible equipment failure and performance of information technology systems; intensifying competition resulting from established competitors and new entrants in the businesses in which the Company operates; insurance coverage of sufficient scope to satisfy any liability claims; fluctuations in total customers; technological change and obsolescence; loss of services of key senior management personnel; privacy laws; leverage and restrictive covenants; fluctuations in cash timing and amount of capital expenditures; tax-related risks; unpredictability and volatility of the price of the Company’s securities; dilution; and future sales of the Company’s securities. Further risks include operational risks of operating in the U.S.; U.S. federal regulation risks; variation in U.S. state regulations; change of U.S. cannabis laws; security risks; risks related to permits and authorizations; risks on liability, enforcement complaints etc.; banking risks; marketing, sales, manufacturing and distribution risk regarding our product growth plans; changes in laws; limited operating history; reliance on management; requirements for additional financing; 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. RISE disclaims any intention or obligation to update or revise such information, except as required by applicable law, and RISE does not assume any liability for disclosure relating to any other company mentioned herein.

For more information, please contact:

Mark Komonoski
Communication Director, RISE Life Science
mark@komonoski.com
877-255-8483
403-470-8384

Or:

Anton Mattadeen
President & CEO
anton@riselifescience.com
416-899-9462

Source: Newsfile Corp. (June 8, 2018 – 8:00 AM EDT)

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CSE Says Quadron CEO Will Help Shape Future of Canadian Cannabis

VANCOUVER, British Columbia, June 08, 2018 (GLOBE NEWSWIRE) — Rosy Mondin, CEO of Quadron Cannatech Corporation (the “Company” or “Quadron”) – (CSE:QCC), was interviewed in a feature story from the Canadian Securities Exchange (“CSE”) this week. Ms. Mondin and three other women were noted for their powerful influence on the future of the Canadian cannabis industry.

Ms. Mondin outlined her strategic vision for the market and how she works on multiple levels to remain fully engaged in the cannabis sector. Her focus is on running the Quadron family of companies, but she continues her tireless advocacy work at the federal level, helping to shape the future of cannabis across the nation through the Cannabis Trade Alliance of Canada (“CTAC”) and Canadian Association of Medical Cannabis Dispensaries (“CAMCD”).

Quotes from the article:

On Quadron:
“Quadron Cannatech (QCC) is a market and technology leader in end-to-end automated processing and extraction laboratory solutions for the international cannabis industry. QCC also provides a range of innovative, value- added services including custom ancillary products and cannabis accessories.”

On the future of cannabis consumption:
“I think the biggest shift will be the consumption of cannabis moving away from smoking traditional flower to products that are extract-based. Extracts form the basis of the majority of cannabis products outside of smoking: vapor-oils, capsules, tinctures, sublinguals, transdermal patches, edibles, topicals, suppositories, and infused beverages. I have no doubt that we’ll see different consumption methods and further product innovation. I think the sky’s the limit.”

On advocacy:
“This is a 21st-century industry and women can play a leadership role from day one. For example, as a business leader in a new industry, I don’t think sitting back and just accepting the regulations the government tables is acceptable. We’re getting out there and helping define the rules as the country moves forward.”

The Company would like to congratulate Ms. Mondin on the CSE’s recognition of the unique skills and experience in the Canadian cannabis industry she brings to our leadership team.

About Quadron: Quadron, provides equipment, products and service solutions for the authorized cannabis industry by providing a full array of end-to-end extraction and processing solutions, including sales of end user delivery options (such as vapor pens) for medical and recreational consumers.

For more information, visit: www.quadroncannatech.com.

On behalf of the Board of Directors of
QUADRON CANNATECH CORPORATION

Doug McFaul
Chairman of the Board
doug@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, 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 8, 2018 – 8:30 AM EDT)

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Bill C-45 Approved! Blue Skies Ahead. With a Hint of Green

VANCOUVERJune 8, 2018 /CNW/ – Choom™ (CSE: CHOO) (OTCQB: CHOOF) (the “Company” or “Choom™”) applauds the passing of Bill C-45 by the Canadian Senate, paving the way for official legalization of recreational use cannabis in Canada. After today’s important vote, we see blue skies ahead- with a hint of green.   

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

Chris Bogart, President & CEO comments, “This is an exciting day for the Cannabis industry in Canada. Legalization is now officially on the horizon, and while some might think they have seen the crest of the cannabis wave that has been building for years, Choom™ recognizes that we’ve just started paddling into a wave that will build momentum now that legalization is in place. In every major market- ColoradoWashingtonCalifornia– we’ve seen adult-use grow year over year by double digits. Choom™ sees the same growth potential in Canada, and legalization marks the start of Canadian adult consumers purchasing cannabis through legal channels instead of the black market. Canada has made history as the first G-20 country to legalize rec use, and this presents a tremendous opportunity for Choom™, given that our roots are firmly planted in the Canadian recreational cannabis space.”

SAY HELLO TO CHOOM™
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.

For additional information on Choom™ please visit:

https://investors.choom.ca/c-45

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 future plans or prospects of the Company. 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.

SOURCE Choom Holdings Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/08/c1557.html

Choom Holdings Inc.: Chris Bogart, President & CEO, T: 604.683.2509, F: 604.683.2506, E: chris@choom.caCopyright CNW Group 2018

 

Source: Canada Newswire (June 8, 2018 – 6:00 AM EDT)

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Gardner, Warren, Joyce and Blumenauer Unveil Bicameral, Bipartisan Legislation to Protect State Marijuana Policies

U.S. Senators Cory Gardner (R-Colo.) and Elizabeth Warren (D-Mass.) and U.S. Representatives David Joyce (R-Ohio) and Earl Blumenauer (D-Ore.) today introduced the bicameral, bipartisan Strengthening the Tenth Amendment Through Entrusting States Act (STATES Act) to ensure that each state has the right to determine for itself the best approach to marijuana within its borders. The bill also extends these protections to Washington D.C, U.S. territories, and federally recognized tribes, and contains common-sense guardrails to ensure that states, territories, and tribes regulating marijuana do so safely.

Forty-six states currently have laws permitting or decriminalizing marijuana or marijuana-based products – and Washington D.C., Puerto Rico, Guam, and a number of tribes have similar laws. As states developed their own approaches to marijuana enforcement, the Department of Justice issued guidance to safeguard these state actions and ensure practical use of limited law enforcement resources. However, this guidance was withdrawn earlier this year, creating legal uncertainty, threatening public health and safety, and undermining state regulatory regimes.

“In 2012, Coloradans legalized marijuana at the ballot box and the state created an apparatus to regulate the legal marijuana industry.  But because of the one-size-fits-all federal prohibition, state decisions like this put Colorado and other states at odds with the federal government,” said Senator Gardner. “The federal government is closing its eyes and plugging its ears while 46 states have acted.  The bipartisan STATES Act fixes this problem once and for all by taking a states’ rights approach to the legal marijuana question. The bipartisan, commonsense bill ensures the federal government will respect the will of the voters – whether that is legalization or prohibition – and not interfere in any states’ legal marijuana industry.”

“Outdated federal marijuana laws have perpetuated our broken criminal justice system, created barriers to research, and hindered economic development,” said Senator Warren. “States like Massachusetts have put a lot of work into implementing common sense marijuana regulations – and they have the right to enforce their own marijuana policies. The federal government needs to get out of the business of outlawing marijuana.”

“We should trust the people of the states, like Ohio, who have voted to implement responsible common-sense regulations and requirements for the use, production, and sale of cannabis,” said Representative Joyce. “If the people of these states have decided to provide help for those veterans and others suffering from pain and other health issues, we should allow them access without government interference.”

“For too long the senseless prohibition of marijuana has devastated communities, disproportionately impacting poor Americans and communities of color. Not to mention, it’s also wasted resources and stifled critical medical research,”said Representative Blumenauer. “It’s past time to put the power back in the hands of the people. Congress must right this wrong.”

Ignoring the ability of states, territories, and tribes to determine for themselves what type of marijuana regulation works best comes with real costs. Legitimate businesses that comply with state laws are blocked from access to basic banking services. Illicit markets often spring up and local law enforcement must divert resources needed elsewhere. Thousands of people are prosecuted and locked up in our criminal justice system. Qualified scientists and state public health departments struggle to conduct basic and epidemiological research or spur medical advances, and the fundamental nature of state and tribal sovereignty is violated. As more states, territories, and tribes thoughtfully consider updates to marijuana regulations, often through voter-initiated referendums, it is critical that Congress take immediate steps to safeguard their right to do so by passing the STATES Act.

The legislation has been endorsed by organizations including the American Civil Liberties Union (ACLU), Americans for Prosperity, Americans for Safe Access, Americans for Tax Reform, the Brennan Center for Justice, Campaign for Liberty, the Competitive Enterprise Institute, the Cooperative Credit Union Association, the Drug Policy Alliance, the Institute for Liberty, LatinoJustice PRLDEF, the Law Enforcement Action Partnership, the Marijuana Policy Project, the Massachusetts Bankers Association, the Maine Credit Union League, the Mountain West Credit Union Association, the National Cannabis Bar Association, the National Cannabis Industry Association, the National Conference of State Legislatures, the New Federalism Fund, NORML, the Northwest Credit Union Association, R Street, and the Taxpayers Protection Alliance.

The STATES Act:

  • Amends the Controlled Substances Act (CSA) so that – as long as states and tribes comply with a few basic protections – its provisions no longer apply to any person acting in compliance with State or tribal laws relating to marijuana activities.
  • Clearly states that compliant transactions are not trafficking and do not result in proceeds of an unlawful transaction.
  • Removes industrial hemp from the list of controlled substances under the CSA.
  • The following federal criminal provisions under the CSA continue to apply:
    • Prohibits endangering human life while manufacturing marijuana.
    • Prohibits employment of persons under age 18 in drug operations.
  • Prohibits the distribution of marijuana at transportation safety facilities such as rest areas and truck stops.
  • Prohibits the distribution or sale of marijuana to persons under the age of 21 other than for medical purposes.

A fact sheet about the legislation is available here, and the full bill text is available here.

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Aphria to Invest $85M to Build Extraction Facility & Expand Production

Aphria Inc. (“Aphria” or the “Company”) (TSX: APH and US OTC: APHQF) today announced that the company’s Board of Directors approved a $55 million capital project to build a state-of-the-art Extraction Centre of Excellence in Leamington, ON . The facility will be equipped to conduct a wide range of cannabis extractions, including C02, butane and ethanol, and produce world-class cannabis concentrates, including fractionated distillates. Construction of the new Extraction Centre of Excellence is expected to begin immediately and the facility is scheduled to release its first concentrates by March 2019 .

Vic Neufeld , CEO of Aphria, said, “The Extraction Centre of Excellence will give Aphria a significant competitive advantage in cannabis concentrates, which are expected to be a significant product category. This is the latest example of our continued leadership in cannabis product innovation. Aphria will further its expertise delivering unparalleled innovative products to meet consumer demand. This facility will be the centre of industry-leading R&D and commercial production of next generation cannabis concentrate products.”

The custom designed facility will house two Class 1/Division 1 extraction rooms as well as production, packaging facilities and will have the capacity to process in excess of 200,000 kgs of cannabis annually.

Additional Operational Updates – Driving Capacity Growth and Continued Innovation

Aphria Diamond

Aphria Diamond and Aphria’s Boards of Directors approved a $20 million increase to the CAPEX budget for Aphria Diamond, which will be used to further improve the technologies at the facility. It is anticipated that these improvements will increase Aphria Diamond’s capacity by 20,000 kgs annually, bringing its total capacity to 140,000 kgs annually. The improvements will support alternative growing techniques, enabling Aphria to develop innovative growing processes.

Aphria One

Part V Expansion

A $10 million build out of newly constructed state of the art greenhouses on a portion of the 18-acre adjacent property acquired in late December 2017 , was approved by the Board of Directors. Once operational, Part V will take advantage of key learnings from previous expansions, will be dedicated to young plant cultivation, and will lead to an overall yield increase of 10,000 kgs annually.

Combined, all operational changes noted above will result in an increased capacity of 30,000 kgs, bringing Aphria’s total annualized capacity to 255,000 kgs. “We will have ample supply to fulfill our commitments under our supply agreements with provincial retail establishments across Canada and with partners like Shoppers Drug Mart. Our experience and our relentless focus on maintaining an industry leading low-cost model, allows for healthy margins across the supply chain and positions Aphria as an enviable leader in the global cannabis industry,” added Mr. Neufeld.

We Have a Good Thing Growing

About Aphria

Aphria Inc., one of Canada’s lowest cost producers, produces, supplies and sells medical cannabis. Located in Leamington, Ontario , the greenhouse capital of Canada , Aphria is truly powered by sunlight allowing for the most natural growing conditions available. Aphria is committed to providing pharma-grade medical cannabis, superior patient care while balancing patient economics and returns to shareholders.

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RISE Life Science Corp. to Acquire California CBD Company Life Bloom Organics and Leading Cannabis Brand Strategy Agency Cultivate Kind

Toronto, Ontario–(Newsfile Corp. – June 7, 2018) – RISE Life Science Corp. (CSE: RLSC) (the “Company” and/or “RISE”)  is pleased to announce that it has signed a Letter of Intent (LOI) to acquire 100% of Life Bloom Organics, LLC, a California company that produces and markets organic oral sprays containing CBD, and 100% of Cultivate Kind, one of the top marketing and branding agencies for the cannabis industry in the United States.

“This represents a major milestone for RISE,” said RISE CEO Anton Mattadeen. “By blending the values, talents and resources of the people behind Cultivate Kind and Life Bloom with the RISE team, we are adding significant in-market expertise and providing immediate revenue to the company, moving RISE closer to its goal of becoming a vertically integrated entity in the California market.”

Life Bloom Organics

Life Bloom Organics is based in Malibu, California. The company formulates, manufactures and sells a range of cannabis products that deliver effective pain relief without any psychoactivity. Its product line currently includes 2 SKUs: Wellness Formula and Sleep Formula, both nanotized CBD oral sprays made with proprietary formulas; Life Bloom’s proprietary process of nanotizing CBD allows for 95% absorbency in the bloodstream, making it an effective aid for chronic pain, jetlag, and insomnia. Life Bloom products utilize organic, non-GMO hemp sourced from Kentucky through the Department of Agriculture Hemp program, and are compliant with Section 7606 of the 2014 Farm Bill. Life Bloom products are currently available at chiropractic offices, natural health food markets, specialty retailers, and medical marijuana dispensaries across California, as well as sold online via the brand’s e-commerce website.

The acquisition of Life Bloom by RISE will immediately expand RISE’s portfolio of CBD products, along with allowing access to Life Bloom’s existing channels of distribution and production in the United States. RISE’s acquisition will leverage Life Bloom’s retail network to facilitate the launch of additional RISE brands in market, and Life Bloom’s proprietary process of nanotizing CBD for increased bioavailability without psychoactivity will be also be utilized for future complementary products under the RISE brand umbrella. RISE and Life Bloom Organics believe the partnership integrates the best products in the markets, ringing true with the California cannabis credo of collaboration, not competition.

Cultivate Kind

Cultivate Kind brings a vertically integrated infrastructure and years of strong agency experience to support RISE in launching lifestyle brands in the cannabis space. They were brought on board as an agency partner to help RISE launch its CBD-based sexual wellness brand; once the two companies began working together, it became clear that Cultivate Kind’s capabilities augment the RISE team in its aim to quickly become a leading cannabis brand house.

The current Cultivate Kind company ecosystem includes a network of best-in-class production resources, enabling it to provide clients with the very best support for new and established brands; the agency has recently brought CBD company Life Bloom Organics to market with great success in California. The Malibu-based agency brings Canada’s RISE team top-flight strategic marketing talent and a network of successful business partnerships, retail relationships and production resources in the United States, and is intended to provide RISE with the foundation to efficiently launch its new brands in US markets, facilitate rapid market penetration and national growth, and leverage the full talent pool for global growth moving forward.

Terms

Under the terms of the agreement, RISE will issue 2,000,000 common shares in aggregate to the sellers of Life Bloom Organics and Cultivate Kind. The common shares will be subject to the following contractual lockup provisions: (i) for the first 12 months from closing, 100% of the payment shares will be subject to lock-up; (ii) after 12 months, 75% of the payment shares will be remain subject to lock-up; (iii) after 24 months, 50% of the payment shares will remain subject to lock-up; and (iv) after 36 months, no payment shares will be subject to lock-up. In addition, warrants to purchase 1,000,000 common shares in RISE will be issued at closing, each warrant having a five year term and an exercise price no less than the market price of the common shares at closing, and such other terms as may be negotiated prior to closing. The sellers of Life Bloom Organics and Cultivate Kind will be paid aggregate cash consideration of US$175,000 at closing, US$162,500 on June 1, 2019 and US$162,500 on June 1, 2020. Certain principals of the companies will be offered employment contracts with RISE’s U.S. subsidiary.

The acquisition is subject to a number of conditions, including completion of due diligence and finalizing the terms of the definitive purchase agreement. There can be no assurance that the acquisition of Life Bloom Organics and Cultivate Kind will be completed as proposed, or at all.

About RISE Life Science Corp.

RISE Life Science Corp. develops cutting-edge cannabis consumer products for both medical and adult-use markets around the world in jurisdictions that have legal regulatory frameworks in place. All products are based on patent-pending formulations and processes to produce specifically targeted effects. A key area of focus for RISE is research-based formulations to address adult sexual health and wellness for both women and men.

(http://riselifescience.com)

About Life Bloom Organics

Life Bloom Organics produces and markets nanotized, hemp-based CBD wellness and sleep aid oral sprays with non-GMO, all natural ingredients. The company is headquartered in Malibu, and all products are formulated and produced in California. Life Bloom Organics products are available for sale online and at retailers throughout southern California.

(https://lifebloomorganics.com/)

About Cultivate Kind

Brand strategy agency Cultivate Kind specializes in full-service brand development, go-to-market strategy, and retail marketing. Headquartered in Malibu, California, the executive team specializes in brand pathfinding with an extensive background in food and beverage, consumer products, wine and spirits, fashion and retail, automotive, and entertainment, which informs the company’s best practices and tactical programs for new consumer brands.

(https://www.cultivatekind.com/)

Cautionary Statement Regarding Forward-Looking Information

The Canadian Securities Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release.

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 RISE’s 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, target, goals, projections, anticipated” and similar expressions, are forward- looking statements. Forward-looking statements may include, without limitation, statements including the Company’s expectations with respect to pursuing new opportunities and its future growth and other statements of fact.

Although RISE 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: general economic conditions; pending and proposed legislative or regulatory developments including the impact of changes in laws, regulations and the enforcement thereof; reliance on funding models; operational and infrastructure risks including possible equipment failure and performance of information technology systems; intensifying competition resulting from established competitors and new entrants in the businesses in which the Company operates; insurance coverage of sufficient scope to satisfy any liability claims; fluctuations in total customers; technological change and obsolescence; loss of services of key senior management personnel; privacy laws; leverage and restrictive covenants; fluctuations in cash timing and amount of capital expenditures; tax-related risks; unpredictability and volatility of the price of the Company’s securities; dilution; and future sales of the Company’s securities. Further risks include operational risks of operating in the U.S.; U.S. federal regulation risks; variation in U.S. state regulations; change of U.S. cannabis laws; security risks; risks related to permits and authorizations; risks on liability, enforcement complaints etc.; banking risks; marketing, sales, manufacturing and distribution risk regarding our product growth plans; changes in laws; limited operating history; reliance on management; requirements for additional financing; 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. RISE disclaims any intention or obligation to update or revise such information, except as required by applicable law, and RISE does not assume any liability for disclosure relating to any other company mentioned herein.

For more information, please contact:

Mark Komonoski
Communication Director, RISE Life Science
mark@komonoski.com
877-255-8483
403-470-8384

Or:

Anton Mattadeen
President & CEO
anton@riselifescience.com
416-899-9462

Source: Newsfile Corp. (June 7, 2018 – 8:52 AM EDT)

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Valens GroWorks Announces Additions to Management and Key Partnerships

KELOWNA, BCJune 7, 2018 /CNW/ – Valens GroWorks Corp. (CSE: VGW) (the “Company” or “Valens“), a multi-licensed, vertically integrated provider of cannabis products and services with a focus on proprietary extraction processes is pleased to announce key additions to the Valens team in anticipation of Canada’s legalization of recreational cannabis use.

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

“These additions are crucial as we advance high-paced expansion plans across the company’s business verticals. I am extremely confident in the personnel chosen as they have a proven track record of leading exceptional positive growth at a rapid rate in related industries. The marketing teams joining us carry an impressionability with a global impact. I am excited to be able to say that with both Valens-branded products and vertically integrated production at the forefront of our expansion, our team will continue to grow very quickly over the coming months” commented Tyler Robson, Valens’ CEO.

Chris BuysenMPAcc, CPA, CA – Chief Financial Officer

Mr. Buysen has over 15 years of diverse financial experience working as a senior financial executive with many public and private organizations in a wide range of industries including retail, pharmacy and consumer packaged goods. During this time, he was responsible for internal and external financial reporting, strategic planning, treasury, tax, information technology, human resources, financial controls and corporate governance.

Mr. Buysen’s experience enables him to manage the Company’s expected growth in the near term as the Company explores opportunities into international financial and retail markets.

Chantel Popoff – Vice President of Valens Agritech Ltd.

In 2007, Ms. Popoff was appointed Director of Operations, then Director of Marketing for a fast-growing Western Canadian retail pharmacy chain. She was responsible for overseeing operations, financial performance, and marketing for 21 locations. The pharmacy chain’s success led to an acquisition in 2012 by Shoppers Drug Mart. In January 2013, Ms. Popoff took the opportunity to join a Canadian natural health food company for a more fast-paced, entrepreneurial environment, leading the operations and marketing of a national product launch.  By late 2015, Ms. Popoff and her team had gained shelf placement in over 8,000 stores, while implementing standard operating procedures, financial reporting structure and national consumer and trade marketing programs to grow the brand and prepare the company for further growth. She was promoted to President of the company in 2016.

Her experience enabled her to successfully gain an in-depth understanding of both the retail pharmacy and retail health food space as well as the regulatory environment necessary to run pharmaceutical operations across Western Canada. With this cross functional knowledge and over 15 years of hands-on senior management experience, Ms. Popoff joins Valens Agritech as Vice President, supporting the overall operations of the company.

Jesper Wahlberg & Sugar Media – Business and Marketing Strategy

Mr. Wahlberg founded Sugar Media, a Toronto-based marketing agency developing and executing best-in-class marketing initiatives for Tier One clients such as Chrysler, PayPal, Kubota and Fisher-Price. Sub-agency brand, CausePlay, guides some of Canada’s leading Not-for-Profit organizations by either re-igniting existing peer-to-peer fundraising or in the development of entirely new and highly democratized platforms. CausePlay clients include but are not limited to Sick Kids Hospital, The Canadian Olympic Foundation, United Way, Diabetes Canada, and Plan Canada.

Mr. Wahlberg and his team at Sugar Media will be providing Valens with strategic guidance and insights, working with the Valens marketing team as they continue to develop the Valens brand and go-to market strategy whether B2B or consumer focused.

Scott Young – Vice President of Investor Relations and Business Development

Valens is excited to formally announce Scott Young as Head of Investors Relations with a focus on corporate finance initiatives and business development.

Mr. Young has spent the past 15 years working in the capital market sectors of Canadathe United States and Europe. Beyond this, he has extensive business development experience in Hong Kong, North and South America. He has helped finance numerous start-up companies through his networks in energy, mining, technology and biotechnology. His expertise in finance, marketing and communications helps profile Valens to both retail and institutional investors globally.

Mass Minority – Marketing and Branding Strategy

Mass Minority is a consultancy led by Brett Channer, former CEO of Saatchi + Saatchi’s Canadian division, and Brent Rivard, former Global Managing Director of Anomaly, along with other tenured senior executives in the fields of Data Science, Business Design, Communications and Media Architecture. Mass Minority leverages proprietary data tools and methodologies along with today’s technology to evaluate, validate and structure opportunities for businesses to grow. They design accountable operating systems populated with adoptive content to drive unprecedented business results in a world that has shifted from Mass Consumption to Mass Personalization.

Mass Minority is working hand-in-hand with Valens’ development team in the fields of strategic brand direction, marketing, communications and product design.

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 Practices (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. For more information, please visit http://valensgroworks.comhttp://www.valensagritech.com and http://www.suprathc.ca.

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/June2018/07/c4995.html

Scott Young, Telephone: +1.705.888.2756Copyright CNW Group 2018

 

Source: Canada Newswire (June 7, 2018 – 9:00 AM EDT)

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FinCanna Flagship Investment, CTI Reaches First $1M USD in Cannabis Extraction Revenue

$1M USD in Revenue Generated at Only a Fraction of Capacity Since Start-up of Operations

VANCOUVER, British Columbia, June 07, 2018 (GLOBE NEWSWIRE) — FinCanna Capital Corp. (“FinCanna”) (CSE:CALI) (OTCQB:FNNZF) a royalty company for the U.S. licensed medical cannabis industry, announced today that Cultivation Technologies Inc., (CTI) its first investment in California, has achieved US$1 million in cumulative revenue since it commenced commercial operations in late January 2018.

FinCanna announced previously this week that CTI has expanded its network of dispensaries carrying Coachella™ Premium brand of cannabis concentrates and vape cartridges which features all the major concentrate types, including diamonds, sauce, shatter, batter, and sugar, with an ongoing list of strains, to ten locations including premium dispensaries across California.

“We are very pleased to see the sales performance of CTI which has translated into its first US$1 million in revenue at only a fraction of its capacity,” said Andriyko Herchak, President and CEO of FinCanna Capital. “With its sales team in place building out an ever-expanding distribution footprint, and it’s manufacturing ramping up we see a bright future as we move into the second half of 2018.”

CTI is working to maximize the commercial potential of its extraction facility, which can process an estimated 6,000 pounds of biomass per month, which translates to approximately 3.7 million grams of raw cannabis oil annually. FinCanna is entitled to receive 50% of the profits from this extraction facility.

CTI, through its subsidiaries, Coachella Manufacturing and Coachella Distributors, has helped pioneer cannabis “Extraction-as-a-Service” or “Contract Manufacturing” which it provides to brands, cultivators, manufacturers and distributors who require licensed Butane Hash Oil (“BHO”) processing for their biomass or contract manufacturing services for various products.

With divisions that fulfill the various levels of procurement of cannabis products, including distribution to retail dispensaries, CTI has been at the forefront of this developing industry – including meeting the complex standards required to be fully-licensed within the state.

Coachella Manufacturing is one of the first companies to operate a legal solvent extraction facility for cannabis in California. In support of safe manufacturing practises, CTI, has been actively engaged in sponsoring state legislation AB2679, which sets the standards and institutional best practises for cannabis extraction using solvents.

“We’re quite encouraged about the revenue growth CTI is experiencing in just a few short months since launching operations,” said Miguel Motta, President & CEO of Cultivation Technologies, Inc. “We’ve learned a lot about the market and expect to build upon our initial success in 2018 and beyond.”

About Cultivation Technologies

Cultivation Technologies, Inc. provides infrastructure, manufacturing, extraction, distribution, technology, and branding to the legal medical cannabis industry. The company owns 6-acres in Coachella, California, which is entitled for a 111,500+ square foot facility featuring cultivation centers, manufacturing facilities, a testing lab, a distribution hub featuring transportation, and a centralized processing center. The Company acquired temporary licenses for “Type 7” manufacturing and distribution from the State of California in January 2018. For more information, visit www.CultivationTech.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 FinCanna’s ability to source suitable projects, the development and construction of the CTI’s facility at Coachella, and the size and success of operations at the Extraction Facility and FinCanna’s ability to generate revenues therefrom.  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 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 undertakes 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. The Company 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 7, 2018 – 3:05 AM EDT)

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Pioneer in Canadian Cannabis Industry Joins BLOCKStrain Advisory Board

VANCOUVERJune 7, 2018 /CNW/ – BLOCKSTRAIN TECHNOLOGY CORP. (the “Company” or “BLOCKStrain“) (TSXV: DNAX) is pleased to announce that cannabis pioneer Derek Pedro has agreed to join the Company’s Advisory Board.

BLOCKStrain Technology Corp (CNW Group/BLOCKStrain Technology Corp.)

Mr. Pedro was a co-founder and Master Grower at Maricann Group Inc., an early Licensed Producer under the Access to Cannabis for Medical Purposes Regulations (ACMPR), and is currently the Design, Cultivation and Production Partner at WeedMD Inc., where he designed and supervised construction of that company’s production facility in Ontario.

Mr. Pedro’s experience in the legal Canadian cannabis industry extends back to 2003 when he first cultivated cannabis for medical patients under the older Medical Marijuana Access Regulations, which he turned into a co-operative business with 14 locations, designed to provide low-cost medical cannabis to patients with lower incomes. Mr. Pedro later built the first ‘hybridized’ cannabis greenhouse in Canada, allowing growers to produce high quality cannabis in a modified greenhouse setting.

As Canada shifted to the new, government controlled model of cannabis production under the ACMPR, Mr. Pedro again played a pivotal role by bringing 54 live strains and 25,550 seeds into the legal cannabis system. Today, many of those strains form a major part of Canada’s genetic seed bank for cannabis. Mr. Pedro is also heavily involved in research and development as one of Canada’s premier breeders of new cannabis strains, including Pedro’s Wine Gums, the most popular strain currently sold by WeedMD.

Robert Galarza, CEO of BLOCKStrain, says having Pedro’s deep expertise on the Advisory Board is critical as the company develops its software for use in the evolving legal cannabis industry in Canada.

“There are very few people in the world who have the breadth and depth of knowledge of our industry as Derek Pedro,” stated Galarza. “He is both a pioneer and a legend in this industry, and his knowledge of strain genetics and production systems is incredibly beneficial to us as BLOCKStrain builds and adapts its platform for Licensed Producers and other industry stakeholders in Canada.”

Pedro says he is keen to join the Advisory Board, as he feels BLOCKStrain’s proprietary software answers a core issue that has plagued his own business since the beginning of the legal cannabis industry under the MMAR.

“A while ago I was asked by a colleague, ‘how can you protect your intellectual property of the strains you develop in this industry’, and my answer was, ‘right now, you can’t,” Pedro says. “But I had long thought it was very important that we develop such a system, so when the team at BLOCKStrain explained what they were doing, and how they were doing it, I was very excited.”

Pedro says the key elements he wants to see developed are the ability to protect a grower’s intellectual property and the ability for governments to accurately ‘track and trace’ shipments of cannabis.

“BLOCKStrain’s system addresses both those issues with a very elegant solution, and I have no doubt that this company and its software will play a major role in the growth of the legal cannabis industry, not just in Canada, but around the world,” Pedro said.

Mr. Pedro has been granted 500,000 stock options for his role on the BLOCKStrain Advisory Board.

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.

BLOCKStrain’s proprietary, immutable, cryptographically-secure blockchain-technology establishes a global ‘single source of truth’ for cannabis strains, their ownership, potency and chemical makeup. In an industry where a popular strain can be worth millions of dollars, it is crucial to the industry’s future to quantify genetics, potency and equivalencies between cannabis products. BLOCKStrain delivers needed transparency to growers, retailers, regulators, and consumers who have struggled to find realistic solutions to these logistical challenges. The good news is that the blockchain technology implemented by BLOCKStrain is ideally suited to solve these kinds of problems by implementing an immutable and non-corruptible record of transactions.

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, WeedMD’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; WeedMD 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/June2018/07/c5582.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 7, 2018 – 5:00 AM EDT)

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City of Coachella Ratifies Approval of Conditional Use Permit (CUP) for High Hampton’s CoachellaGro Operation to Cultivate Medicinal Cannabis

TORONTOJune 7, 2018 /CNW/ – High Hampton Holdings Corp. (CSE: HC)(FSE: 0HCN) (“High Hampton” or the “Company“) today announced that the City of Coachella’s Planning Commission has ratified through resolution the amended conditions and parking variance requested by High Hampton. When the approval was given on May 2, 2018 (as press released May 3, 2018), it officially granted the Company’s 10.8 acre CoachellaGro property a conditional use permit for the cultivation of medicinal cannabis. In addition to the resolution, the 30 day appeal period, in which anyone from the public could challenge the project, has now expired.

The CoachellaGro asset is strategically located in a medicinal cannabis business zone 45 kms east of Palm Springs, 72 kms east of Riverside and 210 kms east of Los Angeles. High Hampton originally purchased the property in 2017 and applied for a conditional use permit (CUP) with the objective to operate a 194,000 sq.ft greenhouse facility for the purpose of medicinal cannabis farming. With all necessary approvals in place, the Company has retained Vertical Construction Co. out of Irvine, CA, a full-service builder specializing in ground-up construction for office, retail, biomedical and pharmaceutical environments. GMP Certified, Vertical Construction is capable of working under strict regulatory guidelines and conditions, an ideal match for the specific construction needs of CoachellaGro.

CoachellaGro Site Plan (CNW Group/High Hampton Holdings Corp.)

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

“On behalf of our entire team, I would like to thank the City of Coachella, Council, and the Planning Commission for their support. Now with the adoption of the resolution, variance and the 30 day appeal process behind us we can start the construction documentation process. 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.

With a conditional use permit for CoachellaGro in hand, we have created instant added value for this asset which will remain the cornerstone of our business model and be complemented by the aggressive acquisition process we have begun this spring as we consolidate the Californiacannabis market.”

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 a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro has received a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical 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 with multimedia: http://www.newswire.ca/en/releases/archive/June2018/07/c7962.html

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

 

Source: Canada Newswire (June 7, 2018 – 8:00 AM EDT)

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Dr. Michele Ross, Leading Cannabis Voice, Joins NanoSphere Health Sciences Team

Renowned Advocate and Scientist Takes on Medical Advisor Role for Evolve Formulas

DENVERJune 7, 2018 /PRNewswire/ — Dr. Michele Ross, neuroscientist, author and cannabinoid medicine leader, has joined the advisory board for NanoSphere Health Sciences, LLC (CSE: NSHS) (OTC: NSHSF), the biotechnology leader behind the patented NanoSphere Delivery System™, which nano-encapsulates cannabinoid molecules in lipid membranes for transportation through the skin into the bloodstream within minutes. The company currently offers its pioneering product—Transdermal NanoSerum™—under the brand Evolve Formulas, with plans to release intranasal and intraoral products in the coming months.

Dr. Michele Ross

Dr. Ross brings to the NanoSphere board a wealth of industry knowledge, advocacy experience and insight into particular patient needs. Her work as Founder and Executive Direct of IMPACT Network, a non-profit which focuses on cannabis and women’s health, and as CEO of Infused Health, a digital platform which provides educational resources to cannabis patients, has helped consumers around the world and trained the next generation of cannabis healthcare professionals. Dr. Ross entered the cannabis industry as both a scientist and cannabis patient, having been diagnosed with fibromyalgia, neuropathy, and chronic pelvic pain.

In her new role, Dr. Ross will take part in product development and strategy meetings, offer expertise on Evolve Formulas products and co-author scientific papers with NanoSphere’s Chief Science Officer, Dr. Richard Kaufman. Dr. Ross will also partake in ambassadorship activities for Evolve Formulas and NanoSphere technology, beginning with a speaking engagement on behalf of the company at the O’Cannabiz Conference and Expo in Toronto this weekend, June 9, covering cannabis and women’s issues.

“NanoSphere Health Sciences prides itself on bringing together the best scientific minds to create breakthrough advancements for patients. Dr. Ross becoming a member of our board, and an ambassador of our technology, widens this circle of innovation and excellence while also bringing to the table a unique insight into patient experience. We look forward to working with Dr. Ross to improve our offerings and form mutually beneficial partnerships,” Said Robert Sutton, Chairman and CEO of NanoSphere Health Sciences and Evolve Formulas.

“I continuously look for the best cannabis products to meet patients’ needs. The NanoSphere Delivery System™ and the Evolve Formulas products bring a new technology to the market that provides one-of-a-kind benefits to those suffering from pain, inflammation, anxiety, distress, seizures and beyond. I am proud to be contributing to the development of NanoSphere’s offerings and to further their mission of making cannabis delivery safer and more effective,” Said Dr. Michele Ross, Member of the Board of Advisors for NanoSphere Health Sciences.

For more information or to schedule an interview, please contact Emily Kielthy at media@nanospherehealth.com or 702-957-6203.

On behalf of the Board

Robert Sutton, Chairman and CEO

Office: 720-520-4282
Email: rsutton@nanospherehealth.com

Investor Contact:

Victor Goncalves, Executive Vice President

Mobile: 204-997-5517
E-mail: vgoncalves@nanospherehealth.com

NanoSphere’s Commitment to Licensing IP

NanoSphere launched its IP licensing program in 2015 and is entertaining several licensing opportunities via a rigorous evaluation process. For more information about NanoSphere’s licensing program, please visit: https://www.nanospherehealth.com/licensing/

About NanoSphere

NanoSphere Health Sciences, LLC, is a biotechnology firm specializing in the creation of the patented NanoSphere Delivery System™, a revolutionary platform using nanotechnology in the biodelivery of supplements, nutraceuticals and over-the-counter medications for the cannabis, pharmaceutical and animal health industries, and beyond. NanoSphere Delivery System™ represents one of the most important developments for advancing the non-invasive and user-friendly delivery of biological agents in over 25 years. For more information on NanoSphere, please visit http://www.nanospherehealth.com.

About Evolve Formulas

Evolve Formulas is the provider of the world’s first and only scientifically proven nanoparticle delivery system in cannabis. Evolve’s pioneering product, Transdermal NanoSerum™, is a fast-acting, ultra-strength transdermal formula infused with nano-encapsulated cannabis and cannabis extracts. NanoSerum™ immediately penetrates the skin to deliver direct-focused results and intelligently carries a full spectrum of cannabinoids and phytochemicals to receptors throughout the body for systemic healing. Evolve Formula products leverage NanoSphere Health Sciences™ patented NanoSphere Delivery System™. The NanoSphere Delivery System™ is a revolutionary platform using nanotechnology in the biodelivery of supplements, nutraceuticals and over-the-counter medications for the cannabis, pharmaceutical and animal health industries, and beyond. For more information on Evolve Formulas, visit https://www.evolveformulas.com/. Follow us on FacebookInstagram and Twitter.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Forward Looking Statement Caution

This news release includes forward looking statements that are subject to assumptions, risks and uncertainties. Statements in this news release which are not purely historical are forward looking statements, including without limitation any statements concerning the Company’s intentions, plans, estimates, expectations or beliefs regarding the future. Although the Company believes that any forward looking statements in this news release are reasonable, there can be no assurance that any such forward looking statements will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company’s future operations and business prospects, are based on assumptions none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements. Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements, whether as a result of new information, future events or otherwise.

For more information contact:
Emily Kielthy
emily@rosengrouppr.com
702-957-6203

 

NanoSphere Health Sciences is providing next-generation delivery of nutraceuticals & supplements, over-the-counter medications for the cannabis, pharmaceutical, and animal health products, and beyond. Cutting-edge NanoSphere Delivery Systems™ are up to 6 times more bioavailable and improve product quality. Patent-pending NanoSpheres provide superior delivery of a wide-range of bioactive compounds. NanoSphere Health Sciences helps people achieve better health more rapidly and effectively. (PRNewsfoto/NanoSphere Health Sciences, LLC)

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/dr-michele-ross-leading-cannabis-voice-joins-nanosphere-health-sciences-team-300661377.html

SOURCE NanoSphere Health Sciences, LLC

 

Source: PR Newswire (June 7, 2018 – 8:30 AM EDT)

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Quadron Cannatech Announces First Sale of Mobile Extraction Module

VANCOUVER, British Columbia, June 07, 2018 (GLOBE NEWSWIRE) — Quadron Cannatech Corporation (the “Company” or “Quadron”) – (CSE:QCC), is pleased to announce that it has completed a sale of its first mobile extraction module to TLC Botanicals Inc. (TLC Botanicals), located in Langley, British Columbia.

TLC Botanicals is a First Nation holistic family-oriented company, working cooperatively with First Nations towards building and operating licensed facilities and providing medical cannabis to both First Nations and conventional patients. Shamans First Choice dispensary, a subsidiary of TLC Botanicals will provide medical cannabis to approved patients in Canada under the Access to Cannabis for Medical Purposes Regulations (ACMPR).

Quadron designs, constructs and deploys mobile extraction laboratories to service the cannabis sector. Many growers have limited square footage to build and operate a full extraction and processing facility – Quadron’s mobile extraction system is a state-of-the-art modular, self-contained and fully portable extraction and processing laboratory. Quadron’s mobile units come in different modules to accommodate the specific production needs of the client. Each module offers a scalable controlled-environment, which takes up a limited footprint, and is shipped on-site and installed in less than a day.

Rosy Mondin, CEO of Quadron states, “Through innovative engineering, and by leveraging our extraction and processing knowledge and expertise, we’ve designed a turn-key, drop in place, fully-functioning extraction environment. The end-result is a processing solution that serves a growing demand within the cannabis industry, enabling participants to process plants for terpenes and other cannabis compounds in a safe and professional setting.”

Dave Campbell, General Manager and Director of TLC Botanicals states: “It was a pleasure working alongside the Quadron team in the purchase of our new extraction unit. The professionalism they showed us was evident as they took our customized order and made the necessary adjustments to maximize the production levels we require. We look forward to future dealings with Quadron and its great team.”

About Quadron: Quadron, provides equipment, products and service solutions for the authorized cannabis industry by providing a full array of end-to-end extraction and processing solutions, including sales of end user delivery options (such as vapor pens) for medical and recreational consumers.

For more information, visit: www.quadroncannatech.com

On behalf of the Board of Directors of
QUADRON CANNATECH CORPORATION

Rosy Mondin
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, 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 7, 2018 – 8:30 AM EDT)

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MedMen Announces Acquisition of Florida Marijuana License and Cultivation Facility

MedMen to Own One of Thirteen Licenses in Florida, Right to Open 25 Dispensaries

Los Angeles, CA – June 6, 2018 – MedMen Enterprises Inc. (CSE: MMEN) (“MedMen”), the country’s leading cultivator, producer and retailer of state-sanctioned cannabis, today announced that it has signed a definitive agreement (the “Agreement”) to acquire dispensary and cultivation assets from Florida based Treadwell Simpson Partnership and affiliates (“Treadwell Nursery”).

As part of the transaction, MedMen will acquire Treadwell Nursery’s cultivation facility situated on 5 acres in Eustis, Florida and the right to open 25 medical marijuana dispensaries in the State of Florida.

“For nearly a decade we have been positioning ourselves to capitalize on enormous market opportunities like this,” said MedMen Co-founder and CEO Adam Bierman. “This acquisition is right in line with our strategy of establishing a presence early on in high potential markets with limited licenses and large populations. Florida is the third most populous state in the country with a medical marijuana market estimated to reach $1 billion in annual sales by 2020. MedMen has built the best-in-class brand, and we continue to invest in premium assets that solidify our dominant position in the most important cannabis markets in the world.”

MedMen employs more than 800 people and currently operates 18 licensed cannabis facilities in cultivation, manufacturing and retail in California, Nevada and New York. The addition of Florida expands the Company’s reach to yet another key market in the fastest growing industry in the country.

As consideration for the acquisition, the Company will pay US$53 million, subject to a working capital adjustment, half of which will be satisfied in cash and the other half of which will be satisfied by way of issuance of common units of MM Enterprises USA, LLC (the “LLC”), a subsidiary of the Company (the “Redeemable Units”), which by their terms are redeemable for Class B Subordinate Voting Shares of the Company (the “Subordinate Voting Shares”). In respect of the cash consideration, the LLC will pay Treadwell Nursery US$6,625,000 on the closing date and on each of the dates that are three (3), six (6) and nine (9) months after the closing date. In respect of the Redeemable Units, the number of units will be based on the lesser of the closing trading price of the Subordinate Voting Shares on the Canadian Securities Exchange as of June 4, 2018 or the two-week weighted average daily closing price prior to the closing of the transaction.

The transaction is expected to close within 90 days and is subject to customary closing conditions, including receipt of state regulatory approvals. If certain regulatory approvals are not obtained, the Company and Treadwell Nursery will have the right to terminate the Agreement.

Conference Call/Presentation

MedMen management will host a conference call, which will be webcast live, on Thursday, June 7, 2018 at 9:00 a.m. EST to discuss the acquisition. Participation details and a slide presentation about the transaction will be available on the investor section of the Company’s website at www.medmen.com shortly.

About MedMen

MedMen is the preeminent cannabis Company in the United States with multiple assets and operations in California, Nevada and New York, which combined account for nearly half of North America’s addressable legal market. 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 people across the United States. The predecessor to MedMen 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.

Cautionary Note Regarding Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only MedMen’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of MedMen’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but are not limited to, information concerning the proposed acquisition, expectations regarding whether the proposed acquisition will be consummated, including whether conditions to the consummation of the proposed acquisition will be satisfied and whether the proposed acquisition will be completed on the current terms, the timing for completing the proposed acquisition, expectations for the effects of the proposed acquisition or the ability of the Company to successfully achieve business objectives, expectations regarding the Florida cannabis market and expectations for other economic, business, and/or competitive factors.

By identifying such information and statements in this manner, MedMen is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of MedMen to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, MedMen has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the ability to consummate the proposed acquisition; the ability to obtain requisite regulatory approvals and third party consents and the satisfaction of other conditions to the consummation of the proposed acquisition on the proposed terms and schedule; the potential impact of the announcement or consummation of the proposed acquisition on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time on the proposed acquisition. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Although MedMen believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and MedMen does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to MedMen or persons acting on its behalf is expressly qualified in its entirety by this notice.

Source: MedMen Enterprises

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

 

Source: Business Wire (June 6, 2018 – 9:00 AM EDT)

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The Green Organic Dutchman Announces Global Strategic Launch Into the Beverage Industry

TORONTO, June 06, 2018 (GLOBE NEWSWIRE) — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce the launch of a global division focused on the beverage industry.

The Green Organic Dutchman Holdings Ltd.
Research & Development Facility

TGOD senior management has over 125 years (click here for resumes) of combined experience in the beverage industry, with international soft drink and beverage alcohol companies in Canada and the United States. The Green Organic Dutchman Beverage Division will utilize this experience to provide a strategic pathway into the cannabis market for large-scale beverage companies by way of direct investment, joint venture or other suitable opportunities.

The focus will be to create industry-leading branded products, and to supply organic base ingredients for use in global beverage brands. Similarities between the cannabis sector, beverage, beverage alcohol and consumer packaged goods industries are apparent. These industries share a focus on lean manufacturing, six sigma, financial controls, sales, distribution and low-cost high-quality environments to name a few. TGOD’s in-depth knowledge base of these critical channels can significantly increase efficiencies in the crossover from beverage to the cannabis industry.

As part of a $55 million R&D budget, TGOD is developing a 40,000 sq. ft. state-of-the-art research & development centre, including space for product development and pilot manufacturing. This facility is phase one of multiple phases within the 72-acre Valleyfield property designed to create novel and proprietary cannabinoid infused beverages. This facility will foster a first of its kind collaborative environment for joint ventures and partnerships that will create a distribution platform for domestic and international markets.

Please click here to view the facility.

TGOD Chief Executive Officer Robert Anderson. “This launch allows us to engage larger beverage companies in a very unique manner as TGOD has the facilities, ingredients and the intellectual capabilities that make us a compelling choice.”

According to the industry-leading research firm Brightfield Group, the hemp and CBD category is expected to reach sales of $1 billion in the US by 2020, driven by the natural food and beverage category. Cannabis-infused products are entering many new categories, including healthy lifestyle and natural health, and TGOD is well-positioned to be a leader in these new markets.

The global beverage industry is over $1 trillion in sales, and cannabis-infused beverages are set to explode into the mainstream. Beverages are already 11% of the US edible market and are expected to grow significantly with expansion into CBD. There is significant potential for health and wellness-based cannabinoid-infused beverages, such as CBD iced teas, juices and sports drinks.

“TGOD will utilize state-of-the-art R&D facilities, intellectual property and a leadership team with more than 125 years of CPG beverage experience. We will create unique, healthy and organic products for the recreational and medicinal markets,” states TGOD President, Csaba Reider. “We have the best access to capital, organic production capabilities and R&D resources in the world.”

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 and has over 5,000 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 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.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b0429ffd-7702-466d-b00c-17b66878aac8

Primary Logo

 

Source: GlobeNewswire (June 6, 2018 – 7:45 AM EDT)

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RavenQuest Announces Letter of Intent to Purchase Western Agripharma Ltd.

VANCOUVER, British Columbia, June 06, 2018 (GLOBE NEWSWIRE) — RavenQuest BioMed Inc. (CSE:RQB) (the “Company” or “RavenQuest”) is pleased to announce that it has entered into a binding letter of intent with Western Agripharma Ltd. (“Western Agripharma”) and 0929476 B.C. Ltd. (“NumberCo”) in pursuit of a transaction involving the acquisition of all the outstanding share capital of Western Agripharma and a fifteen (15) acre parcel of land (the “Property”) held by NumberCo.

Western Agripharma is a late stage applicant with Health Canada in the development of a 125,000 square foot facility, purpose-built for the production of cannabis in Port Mellon, on British Columbia’s Sunshine Coast.  Western Agripharma also owns 23.75 % of Atlantic Cannabis Corp. which intends to build a 50,000 square foot facility and holds an additional 120 acres in early stage application on Nova Scotia’s Cape Breton Island.

Under the terms of the letter of intent, RavenQuest proposes to acquire all of the share capital in Western Agripharma and the Property in consideration for 4,335,294 common shares of RavenQuest at a deemed price of $0.85 per share.

“This acquisition adds the important British Columbia market to our growing presence in key markets across Canada.  RavenQuest will have state of the art licensed cannabis facilities in Ontario, Alberta and British Columbia, the three most dynamic cannabis markets in Canada,” stated George Robinson, CEO of RavenQuest.  “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,” Robinson continued.  “As we often emphasize, our proprietary grow methodologies allow 125,000 square of grow space to feel like two or three times that footprint, when you factor in what our Orbital Gardening can produce in grams-per-square-foot.”

Kevin Smith, President & CEO of Western Agripharma, noted, “Working with RavenQuest means working with the best.  Their team of consultants brings a knowledge of facility design, grow methodology and plant science that in our experience is unparalleled anywhere in the industry.  We believe it’s important to work with those who have a scientific basis in everything they do.  RavenQuest is the leader on that front, and we are thrilled to join an organization that understands the importance of science and the cannabis plant.”

Completion of the acquisition of Western Agripharma and the Property is subject to a number of conditions, including, but not limited to, negotiation of definitive documentation in respect of the acquisitions, and the receipt of any required regulatory approvals.  The acquisitions cannot be completed until these conditions are satisfied, and there can be no assurance that either of the acquisitions will be completed at all.

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 Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities 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 the proposed the acquisition of Western Agripharma and anticipated cannabis production from facilities operated by the Company.  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 6, 2018 – 6:00 AM EDT)

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Friday Night Inc. Announces Closing of Purchase Agreement on Building for Expanded Cannabis Production and Announces Plans for Hemp Processing Facility in Las Vegas

VANCOUVERJune 6, 2018 /CNW/ – Friday Night Inc. (the Company or Friday Night) (CSE: TGIF) (FWB: 1QF) (OTCQB: TGIFF), a leading cannabis, hemp and CBD producer in Nevada, is pleased to announce the closing of the previously announced purchase agreement dated May 15th, 2018 on a production building in Las Vegas, Nevada.

Friday Night Inc. (CNW Group/Friday Night Inc.)

The existing 12,160 sq. ft. building is located adjacent to the construction site that will house Alternative Medicine Association’s (AMA) new cannabis cultivation facility. The newly-acquired production building will be utilized solely for production, processing and extraction and was purchased for USD $2,250,000. The Company has filed a re-zoning application with the appropriate authorities. AMA’s range of products include its own line of cannabis flower and concentrates as well as recognized brands produced under licensing agreements for Vader Extracts Nevada, Krypted Inc., and Kurupts Moonrocks.

Hemp Processing Facility – The CBD Isolate Lab

The Company also announces that its new production building will house a separate hemp processing facility (the “CBD Lab”) operated by its subsidiary, Infused MFG. With a monthly processing target of 6,000 lbs. /2721 kg. of hemp biomass, the CBD Lab is expected to produce 440 lbs. /200 kg of cannabidiol or CBD extracts, which will be utilized to produce full spectrum oils, distillates and isolates.  With a current market range of approximately USD $5,000 – $7,000 per kg, the CBD Lab will become a significant revenue generating division for the Company in wholesale hemp derived CBD extracts.  The Company anticipates that the CBD Lab will be in production in the fall of 2018, in order to process what is expected to be Nevada’s largest fall harvest of industrial hemp crops.

Chris Rebentisch, President and CEO of Infused MFG commented, “The CBD Lab will allow us to cut production costs of our Canna Hemp™ product line by more than one-third and provide us with the ability to control the quality of extracts. This in turn will increase the amount of CBD used in our products without needing to raise prices.” Mr. Rebentisch added, “As production of CBD in the United States increases and prices fall, having our own processing facility will better position our price points in any market conditions”.

Mr. Brayden Sutton, President & CEO of Friday Night Inc. said, “The extraction market has been validated and this production building shows how serious we are about increasing our footprint with our world class products.  We are also very excited about the new CBD Lab, which provides another revenue stream in a rapidly growing market and brings our own costs down.”

About Friday Night Inc.
Friday Night Inc. is a Canadian public company, which owns and controls cannabis and hemp-based assets in Las Vegas Nevada as well as an international cannabis and mining security logistics consulting firm. The Company owns 91% of Alternative Medicine Association (AMA), a licensed medical and adult-use cannabis cultivation and production facility that produces its own line of unique cannabis-based products and manufactures other third-party brands.  Infused MFG, also a 91% owned subsidiary, produces hemp-based, CBD products, thoughtfully crafted of high quality organic botanical ingredients. The Company’s wholly-owned subsidiary, Spire Secure Logistics is a leading provider of customized security programs, compliance, information technology, buildout design, and due diligence services for the legal cannabis, mining and investment sectors. Friday Night Inc. is focused on strengthening and expanding its current operations.

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

Notice regarding Forward Looking Statements: This news release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct.  Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents, which can be found under the Company’s profile on www.sedar.com.   Friday Night undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/friday-night-inc-announces-closing-of-purchase-agreement-on-building-for-expanded-cannabis-production-and-announces-plans-for-hemp-processing-facility-in-las-vegas-300660616.html

SOURCE Friday Night Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/06/c4580.html

Alexia Helgason, Corporate Communications, 604-674-4756 (ext. 1), Alexia@FridayNightInc.com; Brayden Sutton, Director/President & CEO, 604-674-4756 (ext. 1)Copyright CNW Group 2018

 

Source: Canada Newswire (June 6, 2018 – 8:30 AM EDT)

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CROP Acquires Cannabis Brand Portfolio

VANCOUVER, British Columbia, June 06, 2018 (GLOBE NEWSWIRE) — CROP Infrastructure Corp. (CSE:CROP) (OTCMKTS:CRXPF) (“CROP” or the “Company”) is pleased to announce the company has entered into a licensing agreement for four established cannabis brands that are currently being sold in Washington and will be available in California shortly.

HEMPIRE EVOLUTION CANNABIS TIFFANY CBD TRIKOM

CROP will be sub-licensing these established brands to its tenant growers in California and Washington.

Furthermore CROP announces it has acquired 10 additional brands for license to its tenant growers as follows:

PROHIBITION GREENS ILLUMINATI CANNABIS HONEY BADGER BUDS
PLAYERS GREENS DIABLO HERBS CHOICES CANNABIS
WHITE RHINO CANNABIS GATOR GANJA CHE CANNABIS
MAKAVELLI CANNABIS

CROP Infrastructure Director & CEO Michael Yorke states: “As the cannabis market grows and matures, consumers will choose brands that they trust to provide superior quality.   Having unique and established brands that we will be able to license in Washington, California, other states, and globally will be another benefit that CROP will be able to provide to its tenant growers.”

All of the company’s brands and projects can now be found on our website at www.cropcorp.com. Follow Crop on Instagram @CROPCORP and twitter @Crop_cse.

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. In addition, marijuana remains a Schedule I drug under the United States Controlled Substances Act of 1970. Although Congress has prohibited the US Justice Department from spending federal funds to interfere with the implementation of state medical marijuana laws, this prohibition must be renewed each year to remain in effect. 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.. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding the regulatory and legal framework regarding the cannabis industry in general among all levels of government and zoning; risks associated with applicable securities laws and stock exchange rules relating to the cannabis industry; risks associated with maintaining its interests in its various assets; the ability of the Company to finance operations and execute its business plan 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, except as required by applicable law.

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

Primary Logo

 

Source: GlobeNewswire (June 6, 2018 – 9:00 AM EDT)

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CannTab: Advancing Cannabinoid Research in Australia

Many countries are starting to recognize the medical benefits of cannabis. In Australia, Ireland, germany, and the Philippines, major legislation and fast tracking policies have been introduced that could open up the market. The problem is that the industry has struggled to introduce products that the Australian medical industry or other governments can approve or endorse since they’re not formulated or studied like typical pharmaceutical drugs.

Canntab Therapeutics Ltd. (CSE: PILL) aims to solve these issues with its Canntab XR cannabinoid tablets that offer pharmaceutical-grade formulation to help doctors and patients control their dosing, as well as help researchers better study the drug in clinical trials. The company is pioneering this work in a new Australian joint venture that investors may want to note when looking for investment opportunities in the medical space.

Australia’s Market

Australia has one of the highest cannabis prevalence rates in the world with about one-third of citizens over the age of 22 having tried the drug. While prohibition has been in place for several decades, much like the rest of the developed world, the government has long avoided the punitive drug policies enacted by the United States and its Asian neighbors. Legislation has also been recently introduced that supports the cannabis movement.

On February 24, 2016, the country legalized medical cannabis at the federal level, which put it closer to Canada in terms of being a pioneer in the space. The Office of Drug Control in the Federal Department of Health issued its very first cannabis research license about a year later under the medicinal cannabis provisions of the Narcotics Drugs Act of 1967. The move paves the way to make the country a key researcher of cannabinoid-based drugs.

The country also became the fourth country in the world to allow the export of cannabis-based therapies in January of 2018. The move allows the country to produce oils, lozenges, sprays, and pills that can be sold overseas into lucrative Asian and European markets. Some of the most promising end markets include South America, Spain, Canada, and Germany. This could make the country one of the largest cannabis exporters in the world.

Canntab’s Tablets

Canntab Therapeutics’ proprietary Canntab XR extended release tablets make it easier for physicians and patients to manage dosage and ensure a consistent experience. In addition, the tablets are easier to administer in any environment, eliminate the social stigma of cannabis, and do not have the adverse side effects associated with inhaled cannabis. The extended release nature of the product also enables patients to experience a relief over a long period of time.

In dissolution studies, the tablets demonstrated a 12 to 18 hour duration of action from a single dose. These time periods cannot be achieved using other delivery mechanisms, such as inhalation (smoking or vaping) or edibles. The tablets are available in many different unique formulations that target various medical conditions with 2.5mg, 5mg, and 10mg doses, enabling patients to effectively titrate with full knowledge and awareness of their intake.

The tablets are ideal for youth and elderly patients given their ease of portability and storage compared to other forms of medical cannabis. In addition, they are designed to specifically regulate the percentages of cannabinoids and terpenes depending on the needs of the patient. For example, patients that require high CBD concentrations or chemotherapy appetite restoration patients that require high THC will have consistent options.

Joint Venture

Canntab Therapeutics recently announced a joint venture with Queensland Bauxite Limited (ASX: QBL) subsidiary Medical Cannabis Limited (VitaCann). Under the terms of the joint venture, VitaCann will be responsible for the first $1 million in costs with the remaining expenses being split 50/50. All profit will be split equally between the two partners and the JV will attempt to distribute the products both in Australia and throughout Asia.

While there is a lot of anecdotal research supporting medical cannabis, the missing link has always been the ability to conduct legitimate trials using a lawful source of whole plant extract rather than a single natural cannabinoid or synthetic analogue. The joint venture will seek to complete the missing link by collaborating on preclinical formulations, development, regulatory approval, and commercialization of prescription cannabis drugs in Australia.

Most new drugs take five to ten years to reach the market at a cost of hundreds of millions of dollars, but the Australian government has already started to fast-track imports, develop new policies, and make public announcements related to cannabis exports. These are positive developments that could pave the way for faster and cheaper clinical trials, especially given the anecdotal safety and efficacy of the drug across a wide patient demographic.

Looking Ahead

Canntab Therapeutics Ltd.’s (CSE: PILL) partnership with Queensland Bauxite Limited (ASX: QBL) subsidiary Medical Cannabis Limited (VitaCann) represents a strong move into the Australian and Asian markets that investors may want to note.

“We’re excited about the new Australian export laws and our collaboration with VitaCann and MCL in Australia,” said Canntab Therapeutics Ltd. CEO Jeff Renwick. “It is a testament to the forward thinking of MCL and the medicinal delivery technology developed by our team at Canntab. Canntab’s patent-pending extended release formulation, for the first time, lets doctors understand the actual products and establish the appropriate dosage for their patients.”
For more information, visit the company’s website at www.canntab.ca.

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CROP Acquires 30% Interest In State-Of-The-Art Washington Greenhouse

JUNE 5th 2018 – VANCOUVER, BRITISH COLUMBIA – CROP Infrastructure Corp. (CSE:CROP) (OTCMKTS:CRXPF) (“CROP” or the “Company”) announces it has entered into a Membership Purchase Agreement dated June 4th  2018 (the “Agreement”) with Wheeler Park Properties LLC  (“The Park”) a Washington State limited liability company. CROP has agreed to advance up to US$2,500,000 to The Park for equipment purchase and retro-fit upgrades of the licensed Cannabis Greenhouse complex in return for a 30% interest.

The state-of-the-art 35,000 sq. ft. Cannabis Greenhouse sits on approximately 9 acres of land and has undergone a complete retro-fit for full hydroponic automation including sophisticated irrigation and the addition of five hundred Gavita HPS grow lights. The greenhouse facility has 5 flowering bays that are designed to yield tenant growers over 10,000 pounds of high quality cannabis on an annual basis.

CROP Infrastructure Director & CEO Michael Yorke states: “The Park complex is a technologically advanced Cannabis production facility that automates many aspects of the growing cycle, designed to maximize crop yields and quality while minimizing margin for error. This acquisition of a 30% interest in The Park represents Crop’s second interest in Washington State cannabis facilities and in its third overall portfolio including the recently announced Humboldt California interest. The Company now has investments in three operations totaling over 67,000 sq. ft. of completed canopy space. Crop intends to continue to pursue new opportunities and expand its portfolio of tenant growers, branding and infrastructure assets in strategic jurisdictions.”

The closing of the Agreement constitutes a significant transaction in accordance with the policies of the Canadian Securities Exchange. To date, the company has advanced US $2,365,864 and has earned a 30-per-cent interest in The Park complex.

The Transaction

Pursuant to the terms of the Agreement, the Company has agreed to advance up to US $2.5million under an interest-free loan which is repayable through 60-per-cent of the net profits (after tax) from The Park. As further incentive for advancement of the loan, CROP was issued a 30-percent membership interest in the Park, which is governed by the terms of an operating agreement.

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  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. In addition, marijuana remains a Schedule I drug under the United States Controlled Substances Act of 1970. Although Congress has prohibited the US Justice Department from spending federal funds to interfere with the implementation of state medical marijuana laws, this prohibition must be renewed each year to remain in effect.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 expected yield from The Park; the technological effects of The Park on production; the intention to expand its portfolio; and execute on its business plan. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding the regulatory and legal framework regarding the cannabis industry in general among all levels of government and zoning; risks associated with applicable securities laws and stock exchange rules relating to the cannabis industry; risks associated with maintaining its interests in its various assets; the ability of the Company to finance operations and execute its business plan 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, except as required by applicable law.

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

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The Green Organic Dutchman Announces $25 Million Special Warrant Bought Deal Financing

TORONTOJune 5, 2018 /CNW/ – The Green Organic Dutchman Ltd. (the “Company” or “TGOD”) (TSX:TGOD) is pleased to announce that it has entered into an engagement letter with Canaccord Genuity Corp., acting as co-lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including PI Financial Corp. as co-lead underwriter, and Mackie Research Capital Corporation (collectively, the “Underwriters“) pursuant to which the Underwriters have agreed to purchase 3,910,000 special warrants of the Company (the “Special Warrants“), on an bought deal basis, at a price per Special Warrant of $6.40 for aggregate gross proceeds of approximately $25 million (the “Offering“). Closing of the Offering is expected to occur on June 26, 2018.

Each Special Warrant not previously exercised will be automatically exercised, without payment of additional consideration, on the earlier of: (i) the Qualification Deadline (as defined below); and (ii) the third business day after the Prospectus Qualification (as defined below). The holders of Special Warrants will receive, upon such deemed exercise and for no additional consideration, one unit of the Company (the “Units“) for each Special Warrant held. Each Unit will be comprised of one common share of the Company (the “Common Shares“) and one-half of one common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $9.50 for a period of 36 months from the date of closing of the Offering.

The Company will file and obtain a receipt for a preliminary prospectus, qualifying the Units issuable pursuant to the exercise of the Special Warrants (the “Prospectus”) in all of the provinces of Canada (the “Qualifying Jurisdictions”) within 10 business days from the Closing. The Company will diligently pursue all approvals and take all commercially reasonable steps to obtain a final receipt for the Prospectus in the Qualifying Jurisdictions. In the event that a receipt for a preliminary Prospectus has not occurred prior to 10 days after the Closing Date, each unexercised Special Warrant will, at the Time of Expiry, entitle the holder thereof to receive upon the exercise thereof, at no additional cost, 1.05 Units per Special Warrant.

In consideration for their services, the Underwriters will receive a cash commission equal to 6% of the gross proceeds of the Offering and will issue such number of underwriters’ warrants equal to 6% of the number of Special Warrants sold in the Offering. Each underwriters’ warrant will be exercisable into a common share of the Company at the Offering Price for a period of three years from the closing date.

The Company intends to use the net proceeds of the Offering to fund strategic investments and international expansion opportunities.

This news release does not constitute an offer to sell or a solicitation of an offer to buy 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 “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 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 $78.1 million for an approximate 17.5% stake in TGOD. In addition, the Company has raised approximately $290 million dollars and has over 5,000 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.

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 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.

SOURCE The Green Organic Dutchman Holdings Ltd.

View original content: http://www.newswire.ca/en/releases/archive/June2018/05/c2867.html

Investor Relations, Email: invest@tgod.ca, Phone: 1 (416) 900-7621, www.tgod.caCopyright CNW Group 2018

 

Source: Canada Newswire (June 5, 2018 – 7:48 AM EDT)

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Abattis and BLOCKStrain Execute Letter of Intent for Product Integration and Strategic Partnership

VANCOUVERJune 5, 2018 /CNW/ – ABATTIS BIOCEUTICALS CORP. (CSE:ATTOTC:ATTBF) (“Abattis“) and BLOCKSTRAIN TECHNOLOGY CORP. (“BLOCKStrain“) (TSXV: DNAX.V) are pleased to announce that they have signed a letter of intent (the “LOI“) to integrate BLOCKStrain’s proprietary technology into Abattis’s  product and services ecosystem. Through their collaboration, the parties hope to enable Abattis clients to instantly arrange for sales, shipping, testing and analysis of Abattis products and give clients comprehensive visibility over such products over their entire lifecycles.

BLOCKStrain Technology Corp. (CNW Group/BLOCKStrain Technology Corp.)

Abattis and BLOCKStrain also intend to explore development and integration opportunities to expand on Abattis’s current life sciences and biotechnology services offerings. Pursuant to the LOI, Abattis and BLOCKStrain have agreed to negotiate in good faith the terms of a definitive technology development agreement respecting the terms of their partnership.

BLOCKStrain’s platform, which stores all testing data in a blockchain-protected database, significantly reduces the workload and costs associated with product and genetic testing. If desired, producers can now have their strains genetically tested and registered with BLOCKStrain to establish immutable ownership of the strains they have created. BLOCKStrain not only reduces the workload and costs involved with testing, but also provides full visibility of testing results for producers, government regulators and consumers.

Abattis is one of the leading technology companies in the growing cannabis industry, with significant ownership stakes in each of CannaNUMUS Blockchain Inc., a blockchain technology company, and Northern Vine Canada Inc., a federally licensed cannabis testing and research and development laboratory, and 100% ownership interests in each of Gabriola Green Farms Inc., a late stage licenced producer applicant under the Access to Cannabis for Medical Purposes Regulations, and Green Tree Therapeutics Corp., which has several SKU’s of cutting edge vaporizers. Abattis’s diverse product and service offerings present a number of potential applications for BLOCKStrain’s platform. For example, BLOCKStrain’s technology could automate, streamline and ensure effective and efficient tracking of all sales and shipping of Abattis vape products.

“The LOI is part of our company’s effort to always sit at the forefront of innovation,” stated Abattis President and CEO Rob Abenante. “Abattis brings cutting edge technology to the cannabis space in terms of testing, product development, research and extraction technologies and we actively work with technology partners to ensure we always provide the best possible service to our clients. Our agreement with BLOCKStrain will help streamline and improve our offerings even further, and we are very excited to work on the development of our joint technologies,” added Mr. Abenante.

“BLOCKStrain provides a missing piece of the puzzle that helps both licensed producers and testing labs,” stated BLOCKStrain CEO Robert Galarza. “The onerous and time-consuming process associated with testing products, receiving results and reporting those results to federal regulators costs time and money, and unfortunately does not scale to meet the projected demand of a legal recreational market. Our system is built to alleviate the administrative bottleneck in the testing process”.

“The agreement with Abattis is a key step for our company. Abattis is among the most respected and advanced players in the area of cannabis testing and analysis, and their potential adoption of our platform is very exciting,” added Mr. Galarza.

About Abattis Bioceuticals Corp.

Abattis is a life sciences and biotechnology company which aggregates, integrates, and invests in cannabis technologies and biotechnology services for the legal cannabis industry developing in Canada. Abattis has successfully developed and licensed natural health products, medicines, extractions, and ingredients for the biologics, nutraceutical, bioceutical, and cosmetic markets. Abattis is also seeking to acquire exclusive intellectual property rights to agricultural technologies to be employed in extraction and processing of botanical ingredients and compounds. Abattis follows strict standard operating protocols, and adheres to the applicable laws of Canada and foreign jurisdictions. For more information, visit Abattis’s website at: http://www.abattis.com

About BLOCKStrain Technology Corp.

BLOCKStrain Technology Corp. (TSX-V: DNAX.V) 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.

BLOCKStrain’s proprietary, immutable, cryptographically-secure blockchain-technology establishes a global ‘single source of truth’ for cannabis strains, their ownership, potency and chemical makeup. In an industry where a popular strain can be worth millions of dollars, it is crucial to the industry’s future to quantify genetics, potency and equivalencies between cannabis products. BLOCKStrain delivers needed transparency to growers, retailers, regulators, and consumers who have struggled to find realistic solutions to these logistical challenges. The good news is that the blockchain technology implemented by BLOCKStrain is ideally suited to solve these kinds of problems by implementing an immutable and non-corruptible record of transactions.

Neither the TSX Venture Exchange, the Canadian Securities Exchange,  nor the 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 proposed transaction between BLOCKStrain and Abattis; the expected benefits of, and impact on, the cannabis industry as a result of BLOCKStrain’s technology; the benefits of the products and services offered by BLOCKStrain and Abattis both individually and through their proposed partnership; Abattis’s goal to offer its clients the highest level of service; and other statements regarding the business of BLOCKStrain and Abattis. 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 and Abattis may be unable to agree to terms for a definitive agreement; the proposed transaction may not be approved by the TSX Venture Exchange and/or the Canadian Securities Exchange; the proposed partnership between Abattis and BLOCKStrain may not benefit either party as expected; BLOCKStrain’s platform may not operate as expected; the cannabis industry may not use the BLOCKStrain platform once it is built; BLOCKStrain’s platform may not streamline Abattis’s business; legislative changes may occur that negatively impact BLOCKStrain’s business; and other factors beyond control of BLOCKStrain and/or Abattis. 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 either 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 BLOCKStrain and Abattis 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 BLOCKStrain Technology Corp.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/05/c6568.html

Abattis Contacts: Robert Abenante, President and Chief Executive Officer; For more information, please visit Abattis’s website at: www.abattis.com or www.northernvinelabs.com; For inquiries, please contact Abattis (604) 674-8232 or at info@abattis.com; BLOCKStrain Contacts: Robert Galarza, Chief Executive Officer and Director; For further information, please visit BLOCKStrain’s website at: www.blockstrain.io or contact Paula Arab at (403) 889-9128 or by email at paula.arab@blockstrain.ioCopyright CNW Group 2018

 

Source: Canada Newswire (June 5, 2018 – 4:30 AM EDT)

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Recent Vermont Legislation Highlights Hurdles Surrounding Cannabis Impairment Testing

Vermont recently passed a bill to legalize adult-use of cannabis, with the new law set to take effect July 1. In an effort to bolster public safety amid concerns of cannabis-impaired driving, the state legislature introduced a bill to allow for the use of saliva tests as an alternative to the current system, which requires blood tests, a hospital visit, and a warrant. In a decision that highlights the conundrum public health officials face in regard to cannabis impairment, the Senate Judiciary Committee recently rejected the bill amid concerns of scientific validity, accuracy, and infringement on civil liberties.

As the search for appropriate testing methods continues across North America, Cannabix Technologies Inc. (CSE: BLO) (OTC: BLOZF) (8CT: FRA) is closing in on a potential solution. The company is developing its Cannabix Marijuana Breathalyzer that aims to solve the dilemma with an accurate, non-invasive, portable solution that could be used by law enforcement at roadside.

The Problems with Current Marijuana Testing

The chairman of the Vermont Senate Judiciary Committee, Sen. Dick Sears, raised two main issues with the current reliance on blood tests and the proposed saliva test solution. One is technical, and the other pertains to the civil requirement for a search warrant. The two problems intertwine into a vexing, circular problem.

First, the technical side. “My reason [for opposing the bill] was basically that the science isn’t there yet, and that I believe in a few years they will have a standardized test, particularly for marijuana, that would give us the amount that somebody would be impaired by,” Sears said.

Second, the civil rights side. “I would be fine with the oral fluid test if there was a warrant, like we have for blood. There’s a warrant [required] to take blood. It’s one thing to take a breath test, it’s another to take oral fluids or blood,” said Sears.

Unlike alcohol, which is absorbed and metabolized by humans in predictable and documented ways, marijuana in the blood is a bit more fickle. Different people metabolize the active ingredients at different rates. Forms of THC, the psychoactive ingredient in cannabis, are stored in fatty tissues and can be detected long after ingestion, yet high concentrations of THC in the blood can dissipate quickly when compared to alcohol. By the time a warrant is obtained for either a blood or saliva sample those high levels of THC may have come and gone, making the tests nearly useless in many real-life field applications.

In short, there is a glaring need for accurate, timely testing of THC levels that does not require a warrant to execute. Fortunately, the current widespread and accepted use of the breathalyzer for alcohol detection provides a blueprint for the solution to the cannabis detection conundrum.

The Cannabix Marijuana Breathalyzer

Cannabix Technologies, in conjunction with researchers at the University of Florida, has developed a potential solution. Currently in advanced Beta 3.0 prototype form, the Cannabix Marijuana Breathalyzer utilizes cutting edge spectrometry technology to provide the sensitivity and accuracy necessary to overcome the complex technical issues surrounding THC, and THC metabolite, detection.

Again, it’s important to note the complexity of THC detection due to the various forms the drug can take when metabolized. Readers should click on the above-linked release to see a discussion of 11-nor-9 vs. 11-hydroxy-delta-9 versions of THC and their relative half-lives. Suffice to say, Cannabix is developing technology with the ability to detect and distinguish various THC metabolites which should go a long way toward distinguishing between recent users and those who may simply have lingering THC in their system.

Cannabix is diligently working its way through the scientific end of things, fine-tuning and proving the device’s sensitivity and reliability. The creation of a portable breathalyzer for THC would be a critical development in overcoming the civil liberty questions surrounding blood and saliva tests. With years of breathalyzer use on the books as precedent, use of the device should assuage any concerns that public health officials may have over violating civil rights. Combined with the immediacy of the roadside breathalyzer test, the Cannabix Marijuana Breathalyzer has the potential to solve the cannabis testing conundrum once and for all.

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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Friday Night Inc. expands into Colorado cannabis market and signs licensing agreement with Denver Dab Co

VANCOUVERJune 5, 2018 /PRNewswire/ – Friday Night Inc. (the Company or Friday Night) (CSE: TGIF) (FWB: 1QF) (OTCQB: TGIFF) a leading cannabis, hemp and CBD producer in Nevada, is pleased to announce that its subsidiary, Infused MFG (“Infused”) has signed a 12-month licensing agreement (the “Agreement”) with Denver Dab Company (“DDC”) to produce the Company’s line of products in the state of Colorado.

Under the terms of the Agreement, DDC will manufacture and distribute Infused’s Canna Hemp™ CBD and hemp-based products on an exclusive basis to retail cannabis dispensaries in Colorado. Infused retains the right to sell its products directly to general retail stores in that State. DDC will manufacture Canna Hemp™ branded products including: CBD Relief Cream, body lotions, lip balms, disposable Vape Pens, Vape Cartridges, Elixirs and Capsules as well as Canna Hemp™ Paws pet products.

Well-known for its superior processing and testing standards, DDC is a producer of high quality concentrates and pure cannabis oil for the medical and recreational markets across Colorado. Since the state legalized industrial hemp production for commercial purposes in 2012, Colorado now accounts for more than half of the hemp production in the United States and represents a potential large revenue opportunity for Friday Night.

Chris Rebentisch, President and CEO of Infused said, “We are pleased to penetrate the most mature legalized cannabis market in the United StatesColorado boasts 518 licensed dispensaries and legal cannabis sales reached $1.5 billion in 2017, making the State the largest cannabis market in the US next to California.” He added, “DDC has set the standard in Colorado as their quality of extracts is unmatched. I believe that we could not have partnered with a better company”.

Mr. Drew Mattison, Founder and President of DDC remarked, “On behalf of the entire team at Denver Dab Company, we are thrilled to be teaming up with Infused and Friday Night Inc. We look forward to partnering with such a strong and well-branded company, in not only bringing the Canna-Hemp brand to Colorado, but furthering Canna-Hemp’s dominance through the infusion of Denver Dab Co’s premium THC extracts.”

About Denver Dab Company

Founded in 2016, Denver Dab Company is a leading concentrate producer in the State of Colorado. Denver Dab Company’s mission is to provide the most pure, highest quality concentrates, while also empowering the consumer with knowledge of the significant medical benefits of Cannabis. Denver Dab Company is an industry leader for quality and testing standards. Denver Dab Company is widely recognized as the cleanest, highest quality concentrate company in all of Colorado.

About Friday Night Inc. 

Friday Night Inc. is a Canadian public company, which owns and controls cannabis and hemp-based assets in Las Vegas Nevada as well as an international cannabis and mining security logistics consulting firm. The Company owns 91% of Alternative Medicine Association, LC (AMA), a licensed medical and adult-use cannabis cultivation and production facility that produces its own line of unique cannabis-based products and manufactures other third-party brands. Infused MFG, also a 91% owned subsidiary, produces hemp-based, CBD products, thoughtfully crafted of high quality organic botanical ingredients. The Company’s wholly-owned subsidiary, Spire Secure Logistics is a leading provider of customized security programs, compliance, information technology, buildout design, and due diligence services for the legal cannabis, mining and investment sectors. Friday Night Inc. is focused on strengthening and expanding its current operations.

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

Notice regarding Forward Looking Statements: This news release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents, which can be found under the Company’s profile on www.sedar.com. Friday Night undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/friday-night-inc-expands-into-colorado-cannabis-market-and-signs-licensing-agreement-with-denver-dab-co-300659661.html

SOURCE Friday Night Inc.

 

Source: PR Newswire (June 5, 2018 – 8:30 AM EDT)

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Grown Rogue Engages CFN Media to Build New Investor Audience

SEATTLE, WA — June 5, 2018 — CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, today announced that Grown Rogue has engaged CFN Media to conduct an 6-month investor and market visibility program to begin on June 5, 2018.

“Grown Rogue aims to become a leader in Oregon and capture market share in California and Nevada through its science-based seed-to-experience brand,” said Frank Lane, President of CFN Media. “With 90,000 sq. ft. of licensed cultivation and ten years of industry experience, the company has already built up a strong presence in the United States and plans to go public in the near-term through a reverse takeover transaction.”

CFN has established itself as the leading source of cannabis financial information and Grown Rogue is extremely pleased to have such a strong partner as we continue building the first of its kind seed-to-experience brand.

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 Grown Rogue 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 Grown Rogue

Grown Rogue is the first seed-to-experience cannabis brand passionate about the environment, community, and education. We operate all facets of our business with principles of transparency and integrity. We produce only the highest quality products which are always Clean Green Certified. We are focused on making cannabis more approachable by classifying our products into experience categories; Relax, Optimize, Groove, Uplift and Energize. We combine 50 years of cultivation knowledge with a diverse private sector background to bring you a fully integrated cannabis company offering top-shelf flower, extracts, and edibles, business services for our peers, and education.

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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SpeakEasy Completes Building Site For Phase 2 Expansion Of 80,000 Square ‘Cannabis Complex’ To Produce Premium Small Batch At Scale

VANCOUVER, June 4, 2018 /CNW/ – Speakeasy Cannabis Club Ltd. (CSE: EASY) (Frankfurt: 39H) (the “Company” or “SpeakEasy”) a late stage ACMPR applicant is pleased to announce it has completed the building site in preparation for the erection of the 80,000 square feet phase 2 expansion. The completion is running ahead of schedule and construction will begin imminently. Additionally, the company is in the process of completing the purchase of the greenhouses that will play a vital role in fulfilling the supply agreement with Valens GroWorks Corp. announced May 15, 2017.

The company is also pleased to have secured 7 megawatts of power from Fortis at its Rock Creek facility. “Our relationship with Fortis along with our strategic location have made this major power upgrade possible,” states Marc Geen.

“We are pleased to be ahead of schedule with the construction of our phase 2 expansion at Rock Creek. This goes hand in hand with our corporate vision of being a leader in premium indoor cannabis. We anticipate having the first section of the project completed and ready for Health Canada inspection by the beginning of September 2018 following our cultivation license,” states CEO Marc Geen.

“By combining our greenhouse facility with our phase two expansion that includes our state of the art extraction lab, we look to have a fully vertically integrated product line that is not only of high quality, while maintaining low cost production. Comparing it with any other agricultural product it’s the companies that refine their own products that have better margins,” states director Anthony Jackson.

ON BEHALF OF SPEAKEASY CANNABIS CLUB LTD.

(signed) “Marc Geen

Chief Executive Officer

Not for distribution to United States wire services or dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy 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 “U.S. Securities 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 U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 Target’s future facility expansion plans or ACMPR license application 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. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to obtain regulatory approval, the continued availability of capital and financing, and general economic, 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. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. 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 Canadian Securities Exchange (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.

SOURCE SpeakEasy Cannabis Club Ltd.

For further information: Speakeasy Cannabis Club Ltd., www.speakeasygrowers.com, Telephone: 1-250-449-1773

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