NetworkNewsBreaks

TuesdayJun 23, 2020 11:30 am

NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Announces Plans to Expand into Cannabis Cultivation in Verticalization of BudCars Model

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today announced that the Company is submitting an application to the California Bureau of Cannabis Control to expand into cannabis cultivation as part of a strategic plan to partially verticalize its BudCars model, a process that management strongly believes will further increase the Company’s gross profitability over the long-term and provide a rapid potential path to branded product development. According to the update, the Company has already secured a property containing a 5,000 square-foot indoor premium cannabis cultivation facility located in very close proximity to its Sacramento BudCars hub.…

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TuesdayJun 23, 2020 10:38 am

NetworkNewsBreaks – Willow Biosciences Inc. (TSX: WLLW) (OTCQB: CANSF) Appoints New SVP to Lead Sales and Marketing of New Line of Cannabinoids

Willow Biosciences (TSX: WLLW) (OTCQB: CANSF) on Monday announced that Christopher Speed has joined the Company as Senior Vice President, Sales and Marketing, effective July 1, 2020. In this role, Speed will be responsible for leading the sales and marketing of Willow's new line of cannabinoids, along with the Company's strategic planning and customer initiatives. “We are very excited to have Chris join our team,” Trevor Peters, president and CEO of Willow, stated in the news release. “His expertise and experience in sales and marketing along with his strong background in the ingredients space with consumer packaged goods will be…

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TuesdayJun 23, 2020 10:05 am

NetworkNewsBreaks – Canopy Rivers Inc.’s (TSX: RIV) (OTC: CNPOF) Most Recent Addition to Portfolio of Disruptive Cannabis Companies Receives Health Canada License

Canopy Rivers (TSX: RIV) (OTC: CNPOF) on Monday announced that the most recent addition to its portfolio of disruptive cannabis companies, Dynaleo Inc., has received its Standard Processing License from Health Canada. According to the update, this follows the completion and commissioning of Dynaleo's 27,000 square foot purpose-built facility and is a key milestone as it aims to ramp up production of white label gummies for the Canadian recreational market. "We are thrilled with the momentum at Dynaleo," Narbé Alexandrian, president and CEO of Canopy Rivers, stated in the news release. "Data shows that the total addressable market for edibles,…

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TuesdayJun 23, 2020 10:00 am

NetworkNewsBreaks – Genius Brands International, Inc. (NASDAQ: GNUS) Announces “Win-Win” Solution to Retire All Senior Secured Convertible Debt

Genius Brands International (NASDAQ: GNUS), a global brand management company that creates, licenses and broadcasts multimedia entertainment content for children, today announced that it has come to an agreement with all of its existing senior secured convertible noteholders to have the noteholders pre-pay their Notes for an aggregate of $4 million, three months early and then have the noteholders convert all of their $13.75 million of debt to equity. “This is a win-win for all parties.  The Company today is debt free and holding $55 million in cash,” Andy Heyward, Chairman and CEO of Genius Brands, stated in the news…

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TuesdayJun 23, 2020 9:30 am

NetworkNewsBreaks – DarioHealth Corp. (NASDAQ: DRIO) Announces KOL Call on Digital Therapeutics for Management of Diabetes and Other Chronic Conditions

DarioHealth (NASDAQ: DRIO), a pioneer in the global digital therapeutics market, recently announced that it will host a key opinion leader (“KOL”) call on digital therapeutics for the management of diabetes and other chronic conditions. The call, scheduled to take place at 10:30 a.m. Eastern Time on Tuesday, June 23, 2020, will feature a presentation by KOL David Simmons, MD, who will discuss the importance of digital therapeutics as a complement to the current standard of care for the long term management and treatment of patients with diabetes and other chronic diseases. The DarioHealth management team will also discuss its…

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MondayJun 22, 2020 12:18 pm

NetworkNewsBreaks – Trxade Group, Inc. (NASDAQ: MEDS) Building Parallel Network to Healthcare Chains Such as Walgreens or CVS

Trxade Group (NASDAQ: MEDS), an integrated drug procurement, delivery and healthcare platform, is building a parallel network to healthcare chains such as Walgreens or CVS by bringing together independent pharmacies across the country under its technology and by offering a promise of same-day delivery. The company, which was recently uplisted to Nasdaq, has been bringing together independent pharmacies under one umbrella through its web-based purchasing platform and is now present in all 50 states and rapidly adding 100-150 pharmacies every month. In an interview with AlphaStreet, Trxade CEO Suren Ajjarapu said the company’s focus is to empower independent pharmacies to…

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MondayJun 22, 2020 11:41 am

NetworkNewsBreaks – Champignon Brands Inc. (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496) Announces Regulatory Review

Champignon Brands (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496), a human optimization sciences company with an emphasis on ketamine and psychedelic medicine, today announced that it has been selected for a continuous disclosure review by the British Columbia Securities Commission (the “Commission”).  The review relates to Champignon’s disclosure obligations since it became a reporting issuer on February 6, 2020 and includes a review of the disclosure surrounding certain recent acquisitions completed by the Company. “With the recent growth and interest in our industry, ensuring our disclosure obligations are satisfied is at the forefront of our attention.  Ensuring fulsome and timely disclosure…

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MondayJun 22, 2020 11:10 am

NetworkNewsBreaks – Hemptown Organics Corp. to Participate in Prohibition Partners LIVE Virtual Conference

Hemptown Organics on Friday announced its participation in the Prohibition Partners LIVE virtual conference occurring June 22 and 23. The event brings together delegates from every corner of the globe to help share knowledge, gain insight and shape the future of cannabis. The virtual conference replicates a traditional event in an online environment, providing attendees across the globe access to a live stream of talks and networking opportunities with industry experts regardless of location. Hemptown will participate in the conference as part of the ProCapital presentation series partnership with MAZAKALI. "We look forward to presenting the progress Hemptown has made…

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MondayJun 22, 2020 10:46 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Regains Compliance with Nasdaq Listing Rule 5550(a)(2)

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced its receipt of notification from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), concerning minimum bid price listing requirements. As previously announced, Nasdaq had notified Foresight that its American Depositary Shares (“ADSs”) failed to maintain a minimum bid price of $1.00 over 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market. Nasdaq, on June 19, 2020, provided confirmation to the company that, for the last 10 consecutive…

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MondayJun 22, 2020 10:20 am

NetworkNewsBreaks – VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) Announces Expansion of Cultivation and Processing Capacity

VIVO Cannabis (TSX: VIVO) (OTCQX: VVCIF) today announced that its wholly-owned subsidiary, Canna Farms Limited, has received all necessary Health Canada approvals to commence operations in its Phase 5 expansion, and that its wholly-owned subsidiary, ABcann Medicinals Inc. ("NCC"), has begun commercial production in its ethanol extraction suite. According to the update, the Phase 5 expansion of the Hope, British Columbia facility consists of 10,000 square feet of production space customized to incorporate Canna Farms' two-tier growing systems, as well as vegetative, mother and processing rooms and storage vaults. "Health Canada's approval of Phase 5 is a major milestone for…

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