Breaks Categories: News

FridayJul 12, 2019 9:33 am

NetworkNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Finalizes Acquisition of Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B)

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) and Blissco Cannabis (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B:GR) on Thursday announced that the Supreme Court of British Columbia has issued a final order approving the previously announced plan of arrangement between the two companies. Per the terms of an arrangement agreement dated May 16, 2019, Supreme Cannabis will acquire all issued and outstanding common shares of Blissco. The companies plan to close the acquisition on July 12, 2019. “With the closing of this acquisition, Supreme Cannabis will expand its portfolio to include a consumer-focused brand that specializes in products for…

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ThursdayJul 11, 2019 11:22 am

NetworkNewsBreaks – Sharing Services Inc. (SHRG) Reports Ninefold Increase in FY2019 Revenues, Continues Record Trend

Sharing Services Global Corporation (OTCQB: SHRG), formerly Sharing Services Inc., today announced revenues of $85.9 million for the fiscal year ended April 2019, which represents a ninefold increase of approximately $77.5 million compared to $8.4 million fiscal year 2018 revenues. Per the update, this fiscal year sets yet another record for the company that has now reported over $94 million in cumulative sales revenues since the December 2017 launch of products through its Elepreneurs, LLC and Elevacity Global, LLC subsidiaries. "Over the last 16 months, our product sales for the health and wellness products of Elevacity Global have dramatically and…

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ThursdayJul 11, 2019 10:39 am

NetworkNewsBreaks – MustGrow Biologics Corp. (CSE: MGRO) Announces Cannabis Biopesticide R&D Program with National Research Council Canada

MustGrow Biologics (CSE: MGRO), an agricultural biotech company, this morning announced that a biopesticide R&D program is underway with the National Research Council Canada (“NRC”). According to the update, the R&D team is conducting a series of efficacy assessments of MustGrow’s patented biopesticide as a natural pre-plant, pre-pot soil treatment for diseases and pests that affect cannabis production. MustGrow intends to seek approval of its natural biopesticide from Health Canada for eventual use by Canada’s licensed cannabis producers. Currently, the R&D program is targeting a number of soil-borne pests and diseases that have been particularly problematic for many of Canada’s…

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ThursdayJul 11, 2019 10:27 am

NetworkNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Partners with American Eagle Outfitters, Inc. (NYSE: AEO) to Provide Specialty Line of CBD-Infused Personal Care Products

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced its receipt of a purchase order from American Eagle Outfitters, Inc. (NYSE: AEO), through which it will sell hemp-derived cannabidiol (“CBD”) infused personal care products in nearly 500 American Eagle stores and online. According to the update, the purchase order represents GGB's third major wholesale agreement since passage of the 2018 Farm Bill. Sales of the products exclusively developed for American Eagle, including a wide assortment of CBD-infused personal care items such as lotions, muscle balms and aromatherapy, are expected to begin in October 2019. “We are very…

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ThursdayJul 11, 2019 9:39 am

NetworkNewsBreaks – Lexaria Bioscience Corp.’s (CSE: LXX) (OTC: LXRP) DehydraTECH to be Leveraged Through CBD License Agreement with Universal Hemp

Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTC: LXRP) today announced its entry into a definitive five-year agreement, via its subsidiary Lexaria Hemp Corp., to provide its patented DehydraTECH(TM) technology to Universal Hemp LLC. Under the agreement, Universal Hemp, a B2B manufacturer of high-performing hemp-derived bulk ingredients to the consumer packaged goods and nutraceutical industries, will utilize the technology in many CBD-based food ingredients to be produced and sold across the U.S. immediately, as well as in Canada when regulations permit. “We are very excited about signing this licensing agreement with Lexaria Bioscience to bring to…

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ThursdayJul 11, 2019 9:30 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Subsidiary to Conduct Five Day Trial of Cellular-Based Accident Prevention Solution

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) today announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., will conduct a large-scale trial of its Eye-Net(TM) cellular-based accident prevention solution for the first time. The five-day trial is set to take place in Israel from July 24th until July 29th, 2019. The trial represents a key milestone for Eye-Net as it evolves from technology to product. Thousands of users are anticipated to participate in the trial, which is open to the general public and is limited to the first 30,000 enrolled participants. A trade-in company of leading car…

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WednesdayJul 10, 2019 3:47 pm

NetworkNewsBreaks – Hemptown USA Enters Consumer Packaged Goods Space through Kirkman Group Acquisition

Hemptown USA, a privately held company headquartered in Southern Oregon’s Emerald Triangle, today announced the acquisition of all assets of Kirkman Group, a Lake Oswego, Oregon-based FDA licensed, current good manufacturing practice (“cGMP”) certified nutraceutical business. The acquisition includes the entirety of the management team, production equipment, formulations, proprietary intellectual property, current sales channels and fulfillment centers. This transaction also marks the company’s immediate entry into the consumer packaged goods space. “The Kirkman Group is a key strategic acquisition for Hemptown. Being fully operational and FDA licensed accelerates Hemptown’s vertical integrations plans. Kirkman’s high quality formulations and production standards will…

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WednesdayJul 10, 2019 3:35 pm

NetworkNewsBreaks – Fortune Business Insights Posts Functional Water Industry Research Report

Fortune Business Insights, a provider of meticulous analysis with a specialized focus on accuracy of data obtained, recently published a report including a market forecast, analysis and insight on the global functional water market. The global functional water market was valued at $10.34 billion in the year 2017 and has an estimated value of $18.24 billion by 2025. North America is expected to dominate the market in the upcoming years due to its consumers becoming more health conscious. An alarming 70 million children will suffer from obesity by 2025 according to the World Health Organization (“WHO”). This has caused an…

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WednesdayJul 10, 2019 11:25 am

NetworkNewsBreaks – Spectrum Global Solutions, Inc. (SGSI) Announces Decision to Terminate Definitive Share Purchase Agreement with WaveTech Global

Leading telecommunications engineering and infrastructure services provider Spectrum Global Solutions (OTCQB: SGSI) today announced its decision to terminate the company’s definitive share purchase agreement with WaveTech Global, Inc. According to the update, Spectrum’s decision is due to a failure of certain representations, warranties and conditions set forth in the agreement. “Attempting to be a disciplined acquirer and having already completed a number of successful acquisitions, with the failure of certain material representations and conditions we simply felt it was in the best interest of our shareholders to not move forward with the agreement at the present time,” Spectrum Global Solutions…

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WednesdayJul 10, 2019 10:52 am

NetworkNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Partners with Nic’s Beverages in Definitive CBD Beverage License Agreement

Biotechnology company and drug delivery platform innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) today announced its entry into a definitive 5-year agreement, via its subsidiary Lexaria Hemp Corp, with Nic’s Beverages L.L.C. Under the agreement, Lexaria will provide its patented DehydraTECH(TM) technology for use in Nic’s CBD-based beverages to be produced and sold throughout the United States. According to the update, Nic’s Beverages will initially begin production of ready-to-drink cold brew coffees enhanced with CBD from multi spectrum hemp oil. “We are currently in discussions with major wholesale houses and are looking to be in the market by the…

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