CX Industries Signs Exclusive Agreement with Ignite International Brands to Supply Premium Cannabis and CBD Products
CX Industries Signs Exclusive Agreement with Ignite International Brands to Supply Premium Cannabis and CBD Products Ignite-branded offerings to be produced and distributed by CX Industries and WeedMD for purchase in Canadian retail markets Toronto, Canada, July 24, 2019–WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical-grade cannabis, […]
Green Growth Brands Conducts Raise After Completing Share Buyback
Green Growth Brands (CSE: GGB) investors had an eyebrow raising moment yesterday after the close, when the company announced that they would be conducting a bought deal financing to the tune of C$50.2 million. This news follows a recent share buyback that the company went through only a few short months ago. The financing, to […]
Curaleaf Holdings Hit By FDA Warning Letter
Curaleaf Holdings (CSE: CURA) was slapped by the FDA this morning with a warning letter related to unsubstantiated medical claims for the use of cannabidiol (CBD). Shares traded sharply downward on the announcement of the Food and Drug Administration issuing a warning letter to the firm, falling from $10.57 at the open to as low […]
WeedMD Launches CX Industries, A Wholly Owned Extraction Subsidiary
WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical-grade cannabis, is pleased to announce it has launched CX Industries Inc. (“CX Industries” or “CX”), a wholly-owned subsidiary that will specialize in extraction, tolling processing and third-party product formulation from WeedMD’s fully-licensed Aylmer, Ontario facility. CX Industries will have […]
Zenabis Global Secures Additional Non-Dilutive Financing
Zenabis Global (TSX: ZENA) has secured a second non-dilutive loan agreement. After initially signing a loan agreement with Tilray’s High Park Holding’s subsidiary at the start of July, the firm has managed to secure a second agreement similar in nature. This time to the tune of $10 million, the non-dilutive loan comes from that of […]
Nemaska Lithium Secures $600 Million Equity Investment Proposal
Nemaska Lithium (TSX: NMX) announced this morning that it had finally made progress on securing funding for its lithium hydroxide project in Quebec. It was announced back in February that the firm was running out of money quick, and would need at least $375 million to continue with the project. The source of potential funding […]
Namaste Technologies Posts Decreased Revenues in Second Quarter
Namaste Technologies (TSXV: N) released its financials after hours yesterday, posting revenues of $3.99 million for the quarter, down from both the first quarter of 2019, as well as on a year over year basis. While revenues were down, this wasn’t the only bad news for investors. It seems that Namaste, who launched an internal […]
Isodiol Terminates Agreement to Purchase CBD Naturals Assets
Isodiol International (CSE: ISOL) quietly announced yesterday evening that it was terminating the acquisition of Carlsbad Naturals LLC assets. The assets were to be acquired by Iso International, a wholly owned subsidiary of Isodiol International. Originally announced on February 14, 2019, Isodiol was to acquire all assets associated with Carlsbad Naturals LLC. The assets consisted […]
Early-Stage Interest Allegedly Exists for Canntrust Assets
Canntrust Holdings (TSX: TRST) (NYSE: CTST) allegedly has parties interested in purchasing its assets, according to a BNN Bloomberg article published this afternoon. The firm has allegedly had early-stage interest from “white knights” according to BNN’s sources. While it has been identified that two cannabis firms have been approached by bankers to determine interest in […]
Origin House Expects to Nearly Double First Quarter Revenues
Origin House (CSE: OH) announced preliminary revenue figures for the second quarter of 2019 today, reporting estimated gross margins of 17% on top line revenues of C$21 million. Top line revenues for the previous quarterly came in at C$11 million, demonstrating the explosive growth currently being experienced by Origin House. The firm is heavily focused […]