Breaks Categories: News

ThursdayMay 14, 2020 9:57 am

NetworkNewsBreaks – Cannabis Global, Inc. (MCTC) Enters LOI with Whisper Weed, Expands Into Burgeoning California Cannabis Delivery Space

Cannabis Global (OTC: MCTC), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, today announced its entry into a Letter of Intent ("LOI") with Los Angeles-based Whisper Weed Delivery, a leading California cannabis delivery services provider. In accordance with the LOI, Cannabis Global will provide management services in exchange for fees equivalent to 51% of the profits derived from Whisper Weed's cannabis delivery services throughout the entire greater Los Angeles regional marketplace. “We continue to verticalize operations from an IP-driven base, stacking a core technology and R&D edge under growing manufacturing operations, and now we have added…

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ThursdayMay 14, 2020 9:26 am

NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Schedules Release of Q1 2020 Financial Results, Conference Call

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, today announced that it will be releasing its first quarter 2020 financial results after market close on Tuesday, May 26, 2020. The company will also hold a conference call with analysts at 9:00 AM ET on Wednesday, May 27, 2020. In response to the 2019 novel coronavirus outbreak, the Canadian Securities Administrators have made available blanket relief under OSC Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements which grants a 45-day extension for certain periodic securities filings. TGODF intends to utilize the blanket…

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WednesdayMay 13, 2020 12:37 pm

NetworkNewsBreaks – Eco Innovation Group, Inc. (ECOX) Announces Appointment of Julia Otey-Raudes to Take the Reins as President, CEO and Chairman

Eco Innovation Group (OTC: ECOX), an innovative developer of renewable energy technology, today announced the resignation of John English from his roles as the company’s chairman of the board, chief executive officer and treasurer. According to the update, Julia Otey-Raudes succeeds English as the president, CEO and chairman of the board of directors, and is in the process of interviewing and identifying industry leaders and highly qualified scientists to join the company’s board in the near future. “I am very excited to take over the reins of ECOX and bring together a dynamic team of inventors, innovators and trendsetters that…

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WednesdayMay 13, 2020 11:43 am

NetworkNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Announces Expanded Inventory to Meet Surging Demand

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced that it will have new expanded inventory ready for sales and shipment next week. According to the update, this follows a sharp surge in sales in early May that left the company “sold out” every week for the past month for the first time in its history. The company recently expanded total production capacity by up to 150%, and the capacity expansion will contribute to inventory going forward as the company translates surging demand into accelerating sales growth. “We have never seen anything like this,”…

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WednesdayMay 13, 2020 11:35 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) Provides Update on New Strategic Direct to Store Sales Initiative

SinglePoint (OTCQB: SING) today provided an update on its new strategic direct to store (“DSD”) sales initiative focused on initial product placement and market penetration within convenience stores and smoke shops in the domestic U.S. market. According to the update, “This DSD strategy is designed to enhance sales, initial product placement and augment existing traditional retail distribution sales efforts leveraging the recent introduction of the new countertop displays. The Company recently hired multiple representatives to facilitate the placement of 1606 Hemp in specific retail locations and has the ability to closely monitor the sales activity and results through this direct…

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WednesdayMay 13, 2020 10:23 am

NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Reports Record Increase in BudCars Sales Ahead of LA Launch, Expects Continued Dramatic Growth

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service, today announced record growth data for BudCars sales during the month of April, with sales growing 58% on a sequential monthly basis over March sales on an average daily volume basis. According to the update, data for the month of May already indicates a strong continuation of that trend, with May sales on pace to add another 16% over and above the strong breakout sales trend seen in April. “We did about $6,000 per day in sales in March and over $9,500 per day in April, representing a very robust…

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WednesdayMay 13, 2020 10:17 am

NetworkNewsBreaks – Cannabis Global, Inc. (MCTC) Implements Program to Produce THC-V in Commercially Viable Quantities Following Project Varin Breakthroughs

Cannabis Global (OTC: MCTC), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, today provided an update for current and prospective shareholders as it continues to make strong progress on its "Project Varin" initiative. Project Varin, designed to produce ultra-highly bioavailable exotic cannabinoids, launched earlier this year and, to date, has produced new cannabinoid production techniques, unique time-released polymeric nanoparticles and two novel patent filings. Cannabis Global is now implementing a program to produce commercially viable quantities for use in its own products to be released later this month. “While THC-V is found in very small quantities…

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WednesdayMay 13, 2020 9:33 am

NetworkNewsBreaks – Champignon Brands Inc. (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496) to Acquire Wellness Clinic of Orange County, Advancing North American Clinical Expansion

Champignon Brands (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496), a human optimization sciences company with an emphasis on ketamine and psychedelic medicine, on Tuesday announced the execution of a term sheet with California-based Wellness Clinic of Orange County Inc., further advancing the company’s North American clinical expansion. Per the term sheet, SHRMF is to acquire 100% of the Wellness Clinic and all of its subsidiaries in exchange for payments over an 18-month period totaling: (a) USD $600,000; (b) 1 million common shares of Champignon (the “Initial Share Issuance”); and, (C) 500,000 common shares of Champignon payable only if the Wellness Clinic…

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TuesdayMay 12, 2020 1:53 pm

NetworkNewsBreaks – Bitcoin’s Third Halving Detailed in Investopedia Article

An overview of the Bitcoin network and an explanation of bitcoin halving was recently provided in an article authored by Luke Conway on Investopedia.com titled ‘Bitcoin Halving’. Among other highlights, the article details how halvings decrease the rate at which new coins are created, which lowers the available supply. “This is the third halving, so we now have two examples to look back on,” stated Jonathan Keim, communications director of CryptoCurrencyWire. “In both cases, the price per bitcoin increased substantially after the supply was cut, but not right away. In fact, it took about a year in both cases for…

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TuesdayMay 12, 2020 1:04 pm

NetworkNewsBreaks – Restaurant Industry Utilizing App-Based Hiring and Scheduling Platforms Amid COVID-19 Crisis

FN Media Group LLC (“FNM”), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, today provided an overview on various app-based hiring and scheduling platforms that help operators tap into the part-time or “gig” workforce in an efficient way during the global COVID-19 crisis. Some of these platforms cater to multiple industries, although restaurant-specific platforms have recently began emerging. Active companies taking advantage of this market opportunity include ShiftPixy, Inc. (NASDAQ: PIXY), Grubhub Inc. (NYSE: GRUB), Slack Technologies, Inc. (NYSE: WORK), Uber Technologies, Inc. (NYSE: UBER), and Lyft, Inc. (NASDAQ: LYFT). “As a partner to restaurants across the country, we recognized the…

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