Breaks Categories: News

MondayMar 25, 2019 11:19 am

NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Initiates Growers’ Circle Launch, Domestic Sales to Patients Across Canada

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) this morning announced that sales of its certified-organic cannabis have started with national distribution to medical patients. Per the update, a select group of patients across Canada called The Growers' Circle now receives TGOD's first certified-organic flower. The Growers' Circle launch is a limited production rollout of TGOD’s premium product, allowing the company to perfect its distribution ahead of its production ramp-up and scaled rollout this year. “The launch of the Growers' Circle is another significant moment in TGOD's commercial story,” TGOD Director and Chief Executive…

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MondayMar 25, 2019 10:56 am

NetworkNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) to Expand to Florida Market Through Investment in Vertically-Integrated Cannabis Applicant

British Columbia-based fully-integrated cannabis company Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) this morning announced its intended expansion into Florida following its strategy to become a multi-state operator. According to the update, Choom, through its wholly owned subsidiary, Choom Holdings USA Inc., has entered a letter of intent ("LOI") to purchase a 95 percent equity interest in a Florida-based vertically-integrated cannabis applicant. “We are very excited to be expanding into Florida and to bring Choom's medical brand into that market.  Florida's medical marijuana program is a very attractive opportunity for us seeing that it allows for vertically-integrated operations and it has…

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MondayMar 25, 2019 10:06 am

NetworkNewsBreaks – Canopy Rivers Inc.’s (TSX.V: RIV) (OTC: CNPOF) Spot Therapeutics Receives Health Canada Cultivation License, Triggering Long-Term Cash Flow

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced receipt of a Health Canada cultivation license for Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) and its portfolio company, Spot Therapeutics Inc., for its Fredericton-based production and distribution facility. Per the update, the newly licensed facility will operate under the flagship Tweed banner, and the cultivation license initiates a long-term (25-year) cash flow stream anticipated to be approximately $2.85 million per year with commencement expected to begin in September 2019. “The long-term income stream from Spot, combined with our existing royalty portfolio, will further stabilize Canopy Rivers’ operating cash flow profile and…

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MondayMar 25, 2019 9:43 am

NetworkNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Announces Health Canada Approval for Canna Farms Subsidiary to Expand Hope Facility, Double BC Production

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) on Friday announced receipt of approval from Health Canada for its wholly-owned subsidiary, Canna Farms Ltd., to begin cultivation in the expansion of its Yale Road facility in Hope, BC, resulting in its doubled cultivation capacity in the province. According to the update, production, product development space and automated packaging equipment is included in the expansion that is expected to be incorporated into the facility and brought on-line in mid 2019. The company expects to commence cultivation in the expanded area in May 2019. “Today's approval of the Hope, British Columbia expansion is in…

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FridayMar 22, 2019 2:17 pm

NetworkNewsBreaks – Altimmune, Inc. (NASDAQ: ALT) Closes $14M Registered Direct Offering

Altimmune (NASDAQ: ALT), a clinical-stage immunotherapeutics company, recently announced the closing of the sale of common units and pre-funded units for a total of 4,361,370 units in a registered direct offering with two institutional investors resulting in gross proceeds to Altimmune of $14 million. In a March 8, 2019 news release Altimmune disclosed that as of December 31, 2018, it held roughly $34.4 million in cash, cash equivalents and restricted cash. The company plans to use its cash on hand combined with the net proceeds of approximately $12.7 million from this offering toward the continued advancement and development of its…

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FridayMar 22, 2019 10:10 am

NetworkNewsBreaks – Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) to Launch Premium Oil Products Line to Canadian Market

Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced plans to introduce its oil products line to select adult-use Canadian markets starting in April 2019, with expansion to additional provinces expected by the end of June 2019. Per the update, the products will contain a proprietary blend of highly-purified cannabis oils and terpenes derived from plants grown by 7ACRES. “Premium oils require premium cannabis,” Supreme Cannabis CEO Navdeep Dhaliwal said in the news release. “Our formulation will leverage super-critical CO2 technology to produce a high quality, purified cannabis oil which we re-formulate with the naturally occurring cannabis…

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FridayMar 22, 2019 9:51 am

NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) to Complete a Private Placement Financing

Canadian iron ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) on Thursday announced its intention to complete a non-brokered private placement financing of up to 25,000,000 company units, each at a price of $0.06 per unit, for maximum gross proceeds of $1,500,000. According to the update, the company plans to use the net proceeds to advance Black Iron’s Shymanivske project, including to further discussions and negotiations to secure essential land surface rights and construction financing, as well as for general working capital. Each unit will consist of one common share of the company and one-half…

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FridayMar 22, 2019 9:32 am

NetworkNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Subsidiary Receives Health Canada Approval for Vanluven Road Facility Expansion

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) on Thursday announced that its wholly-owned subsidiary, ABcann Medicinals Inc., received approval from Health Canada to commence cultivation in the expansion of its Vanluven Road facility in Napanee. The expansion includes production and product development space built to GMP standards and doubles the company’s Ontario cultivation capacity. Cultivation in the expanded area will begin immediately. In addition, the company has incorporated a supercritical CO2 extraction suite for production of concentrates into the facility, which is expected to be brought on-line mid-2019. “The GMP certification of our Vanluven expansion, expected later this year, will enable…

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ThursdayMar 21, 2019 12:48 pm

NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Closes $11.4M Bought Deal Including Partial Exercise of Over-Allotment Option

Lithium-focused exploration company Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) today indicated that it has closed its previously announced bought deal offering, including partial exercise of the over-allotment option. According to the update, a total of 11,390,500 company units were issued at a price of $1.00 each for gross proceeds of $11,390,500. Each unit consists of one common share and one-half of one common share purchase warrant of the company (each whole common share purchase warrant). Until March 21, 2022, each warrant is exercisable to acquire one common share of the company at an exercise price of $1.30 per…

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ThursdayMar 21, 2019 12:20 pm

NetworkNewsBreaks – The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Receives Health Canada Approval for Expansion of 7ACRES Facility

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced that its wholly owned subsidiary, 7ACRES, has obtained Health Canada approval for six additional flowering rooms totaling 60,000 sq. ft. of additional production space at its facility in Kincardine, Ontario. With this expansion, total flowering room space at 7ACRES’ facility is expected to increase to 180,000 sq. ft., with annual production capacity estimates rising from roughly 17,500 kg to 26,250 kg. “Today's announcement is a major milestone which represents a 50% increase in our estimated annual production capacity. With 18 of 25 flowering rooms at 7ACRES…

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