NetworkNewsBreaks

FridayMar 01, 2019 9:40 am

NetworkNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Hires Celebrated Canadian Chef Ryan Reed to Develop Signature Premium Edibles

Canadian Licensed Producer of premium cannabis products the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) today announced that it has hired celebrated Canadian Chef Ryan Reed to develop signature edible cannabis products for the Flowr brand. Victoria's 2011 Chef of the Year, and a past winner of Iron Chef and Chopped, Reed will collaborate closely with Flowr's R&D Team to research and develop high-quality edibles to target the needs of a premium client. The company expects the unique, gourmet products will be available for purchase following anticipated legalization of edibles and infused products in Q4 2019. “The hiring of Chef Reed…

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FridayMar 01, 2019 9:19 am

NetworkNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Subsidiary Secures 45-Acre Tract of Land in Central Florida

Leading omni-direct lifestyle company Youngevity International (NASDAQ: YGYI) announced on Thursday that its wholly-owned subsidiary, Khrysos Industries, has closed on a 45-acre area of land in Central Florida. The multi-purpose site will hold a 5-acre greenhouse, a research and development (“R&D”) facility committed to hemp plant genetic research, a post processing tolling facility, and 20 acres of farmable land for future use. In addition, the company has leased an 8,800 square foot facility in Central Florida to serve as the assembly, manufacturing, and production facility for Khrysos' one-ton Hyper Supercritical extraction systems. “This is an exciting time for Khrysos Industries…

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ThursdayFeb 28, 2019 3:45 pm

NetworkNewsBreaks – Spectrum Global Solutions Inc. (SGSI) to Attain Unique Growth Prospects via Agreement of Merger with WaveTech Global Inc.

Leading telecommunications engineering and infrastructure services provider Spectrum Global Solutions (OTCQB: SGSI) recently entered into a definitive agreement of merger with WaveTech Global Inc. (http://nnw.fm/7jtlJ). Representatives from both companies believe that the merger will provide unique growth prospects and great value for shareholders. An article discussing the company reads, “The merger will be completed through a sale and exchange of shares and cash. Upon finalization of the transaction, WaveTech will become the majority-controlling shareholder of Spectrum Global Solutions. . . . According to the official announcement, Spectrum will rebrand itself under the WaveTech Global name. The company’s current leadership team…

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ThursdayFeb 28, 2019 3:15 pm

NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Targets Mounting Worldwide Market Forecasted to Reach $50B by 2024

Canadian iron ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) aims to utilize its high-grade iron ore concentrate to exploit the existing deficiency in pellet production feed. An article discussing the company reads, “At its Shymanivske Iron Ore Project, Black Iron aims to produce high-grade, 68 percent iron ore concentrate with few impurities at a very low cost, which it expects to sell for a premium price once in production. . . . Iron ore concentrate is one of the key resources required by the steel industry. Black Iron’s concentrate can be used both in…

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ThursdayFeb 28, 2019 2:43 pm

NetworkNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Lives Up to Name with Recent Financial Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) recently released financial and operational results for the three months ending December 31, 2018. An article discussing the company’s Q2 2019 results reads, “With revenues for the quarter climbing to a fiery run rate of $20.6 million, the company is now one of the top-eight publicly traded Canadian licensed producers. Its Q2 2019 revenue was $7.72 million, marking a 359 percent increase over the $1.68 million of Q2 2018 and a 50 percent increase from Q1 2019 revenues of $5.14 million (http://nnw.fm/9Dn7s). This top-of-the-line run rate is set to continue as…

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ThursdayFeb 28, 2019 2:09 pm

NetworkNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Carves Out Additional Section of Communities in California for Cannabis Cultivation

Cannabis industry incubator Cannabis Strategic Ventures (OTC: NUGS) is preparing cultivation sites in California from San Francisco to Los Angeles. A recent article discussing the company reads, “Drive 400 miles from San Francisco to Los Angeles anytime soon, and you may be passing through Cannabis Strategic Ventures Inc. (OTC: NUGS) land. The Golden State incubator and brand builder is set to benefit from a large batch of licenses awarded in cannabis-friendly communities along the stretch. Recently, NUGS announced that it had signed a letter of intent to partner with a Santa Barbara County grow operation that holds approximately 40 commercial…

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ThursdayFeb 28, 2019 12:44 pm

NetworkNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Announces Closing of C$25M Private Placement

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) today announced its closing on the best efforts private placement with Canaccord Genuity Corp., as lead agent, together with a syndicate of agents, for 25,000 company units, each at a C$1,000 price, for gross proceeds of C$25,000,000. Per the update, Gotham Green Partners and Stable Road Capital were two of the lead investors in the private placement. The company intends to use proceeds from the offering for working capital and other general corporate purposes. “We are thankful for the support we have received from our past investors, and from new…

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ThursdayFeb 28, 2019 12:24 pm

NetworkNewsBreaks – Jefferies Analyst Initiates Coverage on The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF)

Canadian Licensed Producer of premium cannabis products the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) was recently highlighted in an article by Barron’s titled ‘5 Marijuana Stocks to Buy — and 2 to Avoid, According to an Analyst’ authored by Bill Alpert. According to the article, Jefferies, a diversified financial services company, initiated coverage of Canadian marijuana producers on Monday and gave Flowr a “Buy” rating. Owen Bennett, the Jefferies analyst, reports that cannabis will not fall into the pattern of normal agricultural commodities that see major price drops from oversupply. Moreover, Bennett believes that premium cannabis won’t be commoditized and…

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ThursdayFeb 28, 2019 11:36 am

NetworkNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (OTCQX: OGRMF) to Convert $98M Debentures into Common Shares

Organigram Holdings (TSX.V: OGI) (OTCQX: OGRMF) recently announced that it will exercise its right to convert all the principal amount outstanding of the remaining debentures on April 1, 2019 into common shares of the company in accordance with the indenture governing the company's 6 percent convertible unsecured debentures due January 31, 2020. The company believes this conversion will save roughly $4.9 million in cash interest payments that would have accumulated if the outstanding debentures were held to maturity. It will also remove a substantial liability from the company's balance sheet. Per the terms of the indenture, when the volume weighted…

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ThursdayFeb 28, 2019 10:00 am

NetworkNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Releases Q3 Financial Highlights and Corporate Update

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) on Wednesday released its financial results for the three and nine months ended December 31, 2018. Per the update, Canopy Rivers’ full Management's Discussion and Analysis (“MD&A”) and unaudited interim consolidated financial statements for the period are available on its SEDAR profile at www.SEDAR.com and via the company’s website. “With more than $55 million of capital deployed during the quarter, Canopy Rivers continues to position itself as a preeminent investment firm in the cannabis industry,” RIV Chief Financial Officer Eddie Lucarelli said in the news release. “As we continue to see meaningful developments at…

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