Breaks Categories: News

FridayJan 04, 2019 9:58 am

NetworkNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Secures Over $2.4M in Initial Cannabis Product Sales in California

Vertically integrated cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) this morning announced that it has secured more than USD $2.4 million in future sales of Sunniva branded cannabis products, to be completed in the first four months of 2019. Achieved through one of the company’s existing retail relationships, this marks Sunniva’s first cannabis product sales in the state of California, and it anticipates securing additional sales contracts in the near future. Sunniva’s current product inventory is estimated at a value in excess of USD $5 million and consists of ultrapure cannabis distillate, premium concentrates and flower. The company intends to…

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FridayJan 04, 2019 9:28 am

NetworkNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Retains Hybrid Financial Ltd. for IR Services

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) recently announced that it has retained Hybrid Financial Ltd., a marketing and retail distribution services company, to provide certain investor relations (“IR”) services for an initial term of six months. Canopy Rivers will pay Hybrid a monthly fee of CAD $14,000, and has granted Hybrid options to purchase up to 120,000 shares of the company at a price of $3.50 per share. Starting three months after the grant, the options shall vest in quarterly increments and will expire within 12 months of the grant, except for the final tranche, which expires three months following…

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ThursdayJan 03, 2019 10:27 am

NetworkNewsBreaks – GTX Corp (GTXO) Secures $500,000 Revolving Line of Credit and Signs Two New Distributors

GPS technology-focused holding company GTX Corp (OTC: GTXO) this morning announced that it has secured a revolving line of credit for production financing and has signed two new Canadian and U.S. distributors. According to the update, a private institutional partner will provide an interest and royalty based credit line, initially for $500,000 with potential for the lender to increase to $3 million, that GTXO can draw down on, as needed, based on product demand and receipt of purchase orders. In addition, the company has onboarded two new distributors, which officially launched SmartSole sales over the holidays, including Orange County, California-based…

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ThursdayJan 03, 2019 9:56 am

NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Enters Commercial Sublicense with EnWave Corp. (TSX-V: ENW) (FSE: E4U) and Tilray, Inc. (NASDAQ: TLRY) to Use REV Technology in Drying Cannabis

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) today announced its entry into a royalty-bearing commercial sublicense with EnWave Corporation (TSX-V: ENW) (FSE: E4U) and Tilray, Inc. (NASDAQ: TLRY). EnWave is developer of the  proprietary Radiant Energy Vacuum ("REV") technology, an innovative method for the precise dehydration of organic materials, and Tilray is its licensed partner with an exclusive right to use and sub-license EnWave's proprietary REV technology in Canada.  Under the agreement, TGOD will be granted the right to use EnWave's proprietary REV dehydration technology in its Canadian operations to dry organic cannabis.…

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ThursdayJan 03, 2019 9:18 am

NetworkNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Portfolio Company Secures California State Temporary Distributor License

FinCanna Capital (CSE: CALI) (OTCQB: FNNZF) today announced that Refined Resin Technologies Inc., an investee company of FNNZF, has been issued its “Adult-Use and Medicinal – Temporary Distributor License” in the state of California. Refined Resin already holds its temporary manufacturing license in the state and has submitted its application for its annual license. “We are pleased to see the timely acquisition of the necessary licenses as the Refined Resin team completes the regulatory requirements for commercial operations,” FinCanna Capital President and CEO Andriyko Herchak stated in the news release. “We look forward to a prosperous 2019 both for the…

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WednesdayJan 02, 2019 1:31 pm

NetworkNewsBreaks – Nurish.Me, LLC and Altavoz Entertainment, Inc. Announce Company Merger

Nurish.Me LLC and Altavoz Entertainment, Inc. today announced the closing of the merger of the two companies. According to the update, Nurish.Me has become a wholly owned subsidiary of Altavoz and, under the agreement, Nurish.Me interest holders received preferred Altavoz shares that are subject to a lock-up agreement preventing their sale or distribution for 24 months. Altavoz’s current business, including its debt, has been spun out to become a private company owned by Nelson Jacobsen. This significantly improves the new combined company’s balance sheet and capitalization table, enabling it to work toward becoming a fully reporting, reorganized and up-listed company.…

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WednesdayJan 02, 2019 12:58 pm

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Launches Multi-Channel Application Enabling Cryptocurrency Payment Features Across Multiple Touch Points

Global technology and value-added solutions group Net Element (NASDAQ: NETE) this morning announced the launch of its multi-channel blockchain-powered payments application across multiple touch points, including face-to-face through smart payment terminals, and via electronic commerce and API. The payment acceptance application is fully-compliant, secure, and forms part of Netevia, a recently launched feature-ready multi-channel payments platform, which, through a single integration point, connects and simplifies payments and increases efficiency of transactions. “Over the past few years blockchain technology has revolutionized the world of payments thanks to its decentralization, cost-effectiveness and convenience,” President of Integrated Payments Vlad Sadovskiy stated in the…

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WednesdayJan 02, 2019 12:40 pm

NetworkNewsBreaks – BriaCell Therapeutics Corp. (OTC: BCTXF) (TSX.V: BCT) Completes Novel Frozen Formulation of Bria-IMT; Announces Participation in Two Upcoming Conferences

BriaCell Therapeutics (OTC: BCTXF) (TSX.V: BCT), a biotechnology company developing targeted, safe treatments for cancer, today announced multiple updates including completion of its development of a novel frozen formulation of Bria-IMT, its upcoming attendance at the Biotech Showcase taking place Jan. 7-9, 2019 in San Francisco, and the acceptance of an abstract for presentation of advances in Bria-IMT and BriaDX programs at the 2019 Keystone Symposia scientific conference taking place Jan. 20-24, 2019, in Vancouver, British Columbia. According to the update, the new frozen Bria-IMT formulation will provide for on-demand shipment to clinical sites and accommodate higher volumes of patients…

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WednesdayJan 02, 2019 11:35 am

NetworkNewsBreaks – Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) Issues Update Regarding 7ACRES Construction

Supreme Cannabis Company (TSX.V: FIRE) (OTC: SPRWF) this morning posted an update regarding its wholly-owned subsidiary 7ACRES, reporting that it ended 2018 with 19 completed flowering rooms and is on track for all 25 flowering rooms to be completed in March 2019. Upon completion, 7ACRES’ greenhouse footprint will span roughly 300,000 square feet, with the total facility reaching over 440,000 square feet. 7ACRES is expected to reach its estimated annual output of 50,000 kg by the middle of calendar 2019, at which time the administrative offices and other facilities are also scheduled to be completed. Additionally, the company aims to…

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WednesdayJan 02, 2019 11:20 am

NetworkNewsBreaks – Sunniva Inc. (CSE: SNN) (OTC: SNNVF) Announces Acquisition of LTYR Logistics, LLC

Vertically integrated cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) on Monday announced the closing of its 100% acquisition of LTYR Logistics, LLC (“LTYR”), a California-based cannabis distribution company. Per the update, with its proven ability to execute growth and cannabis space distribution capabilities, LYTR will play an instrumental role in driving Sunniva’s leadership position in California as vertically integrated across the entire value chain, from seed to sale, with the launch of its Sunniva branded product line in Q1 of 2019. “We are pleased to have completed this transaction and we are looking forward to 2019 when the full impact…

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