November 21, 2018
Company News
Companies Reporting Financial Results:
- Body and Mind Inc. (CSE: BAMM) – Q4/18 (July 31)
- CannTrust Holdings Inc. (TSX: TRST) – Q3/18 (September 30)
- Canopy Growth Corporation (TSX: WEED) – Q2/19 (September 30)
- Cronos Group Inc. (TSX: CRON) Q3/18 (September 30)
- Emblem Corporation (TSXV: EMC) – Q3/18 (September 30)
- MariMed Inc. (OTCQB: MRMD) – Q3/18 (September 30)
- Surna (OTCQB: SRNA) – Q3/18 (September 30)
- The Green Organic Dutchman (TSX: TGOD) – Q3/18 (September 30)
- The Supreme Cannabis Company (TSXV: FIRE) – Q1/19 (September 30)
- Tilray Inc (NASDAQ: TLRY) – Q3/18 (September 30)
- Trulieve Cannabis Corp. (CSE: TRUL) – Q3/18
- Village Farms International (TSX: VFF) – Q3/18 (September 30)
Aleafia Health to Launch Global Cannabis Education Platform with D2L: Aleafia Health Inc. (TSXV: ALEF) (OTCQX: ALEAF) has entered into a global agreement with D2L (Desire2Learn) Corporation, in which Aleafia Health will deploy D2L’s Learning Management System (LMS) Brightspace. Brightspace is a cloud-based learning platform employed by major organizations including Walmart, the American Nurses Association and the Elementary Teachers’ Federation of Ontario. Under the terms of the global agreement, D2L will produce a series of cannabis education courses on Aleafia Health’s behalf. As part of a multi-phase roll-out expected to begin in early 2019, Aleafia Health will launch the series of proprietary, unique cannabis courses. The courses will harness Aleafia Health’s cannabis expertise, with content developed by experts including Aleafia’s practising physicians. The courses will also use the Company’s Intellectual Property containing in excess of 10 million patient data points along with D2L’s leadership in cloud-based learning platforms. Courses will include: Cannabis 101, Cannabis in the Workplace, Patient Dosing and Titration, Referring Doctor Training, and Medical Professional Training. globenewswire.com
Harvest One Completes Acquisition of Israeli-based Phytotech Therapeutics: Harvest One (TSXV: HVT) (OTC: HRVOF) it has completed its acquisition of 100% of Israeli-based Phytotech Therapeutics Ltd.from Australian-based MMJ Group Holdings Ltd. In consideration for the acquisition of PTL, Harvest One paid C$1,000,000 in cash and 8,326,694 Harvest One common shares. Founded in 2014, Phytotech has developed advanced oral delivery formulations for cannabinoid-based prescription drugs and holds an exclusive worldwide licensing agreement with Yissum Research Development Company, the commercial arm of the University of Jerusalem, for a proprietary lipid nanotechnology. PTL was also responsible for administrating the successful clinical trials using Satipharm’s proprietary capsules. The Phase 1 clinical trials demonstrated the safety and high performance of the oral capsule technology, including the effective delivery profile of cannabidiol (“CBD”), while Phase 2 clinical trials were completed in 2017, returning favourable results in the treatment of pediatric epilepsy. www.newswire.ca
International Cannabis Adds Portuguese CBD License, Continues Expansion Into European Union: ICC International Cannabis Corp. (CSE: WRLD) announced it has entered into a definitive agreement to acquire 100 per cent of Enigma Unipessoal Lda. Enigma controls one of the first hemp licenses to be issued in Portugal, which permits the cultivation, processing and import/export of hemp-derived products. Enigma successfully harvested and extracted its first hemp crop in 2015, and has become a notable importer of proprietary hemp seeds. This licence authorizes International Cannabis to cultivate hemp on 400 acres of fertile agricultural land located in the Castelo Branco region of Portugal. The Company’s Portuguese hemp operations are estimated to yield 45,000 kg of finished, extracted pure CBD isolate product per annum, and a full operating team and infrastructure is in place. globenewswire.com
Coca-Cola (KO) Chalks Out Plan for Coffee Business, Cannabis: The Coca-Cola Company’s (NYSE: KO) CEO James Quincey revealed that the company intends to craft a fresh coffee experience, with its latest $5.1-billion buyout of the London-based coffee chain that has nearly 4,000 retail outlets worldwide. While the coffee business provides a solid opportunity, James sees cannabis as a business with many obstacles. Coca-Cola is still keen on only incorporating cannabidiol in its drinks. The company remains wary of its entry in this fast-growing space due to concerns regarding the legitimacy, safety and the consumable quotient of these ingredients, whether THC or CBD, on an everyday basis. Coca-Cola notes that the use of cannabis in beverages is not legal in the United States as well as in Canada yet. Further, there is an ongoing research to ascertain whether these ingredients are safe for everyday consumption. finance.yahoo.com
Choom Expands into Medical Cannabis Channel with the Acquisition of Clarity Cannabis Medical Centres: Choom™ (CSE: CHOO) (OTCQB: CHOOF) announced it has acquired Clarity Cannabis Medical Centre Inc. and affiliates doing business as Clarity Medical Centres. Choom™ (CSE: CHOO) (OTCQB: CHOOF) (the “Company” or “Choom”) an emerging adult use cannabis company that has secured one of the largest national retail networks in Canada, is pleased to announce it has acquired Clarity Cannabis Medical Centre Inc. and affiliates doing business as Clarity Medical Centres. www.newswire.ca
Province Brands of Canada and Lost Craft Beer Announce Agreement to Launch Cannabis-Brewed Craft Beer: The agreement will allow Lost Craft Beer to license Province Brands of Canada’s patent-pending technologies and brew beers in Province Brand’s 123,000 square foot facility in Grimsby, Ontario (currently under construction). Under the agreement Lost Craft and Province Brands will collaborate to launch non-alcoholic beer brewed from cannabis, which will intoxicate using marijuana instead of alcohol. www.newswire.ca
Canopy Rivers Portfolio Company Radicle Receives Licence From Health Canada to Commence Sales of Premium Craft Cultivated Product: Canopy Rivers Inc. (TSXV:RIV) (OTCPK: CNPOF) announced its portfolio company, Radicle Medical Marijuana Inc. received its production and sales licence from Health Canada that will allow Radicle to supply and sell finished cannabis products for both the medical and adult-use market in Canada. First licensed for cultivation in early 2018, Radicle’s 140,000 square foot indoor facility located in Hamilton, ON is focused on small-batch cultivation of unique genetic strains using proprietary and sustainable growth methods. In August 2018, Radicle was one of the original 26 licensed cannabis producers selected in a highly competitive product call by the Ontario Cannabis Store for recreational sale online and one of two entities selected despite only having a licence to cultivate at the time. www.nasdaq.com
Grown Rogue Completes Reverse Takeover Transaction: Grown Rogue International Inc. (CSE: NVS) has closed its previously announced RTO with Grown Rogue Unlimited, LLC.. www.newswire.ca
Invictus Completes Acquisition of Canandia in British Columbia, its Third Licensed Cultivation Facility Under the Cannabis Act & Cannabis Regulations: Invictus MD Strategies Corp. (TSXV: GENE) (OTCQX: IVITF) has successfully exercised its option to acquire 100% of the outstanding shares of 0989561 B.C. Ltd. from its current shareholders. Canandia features two properties located in Delta and Mission, British Columbia. The Delta Facility includes a cultivation, production and research facility, recently licensed under the Cannabis Act and Cannabis Regulations. The Mission Location includes 32 acres of buildable land, expandable up to 1 million square feet of production capacity under one Cannabis Act and Cannabis Regulations license. With a shortage of supply in the market, Invictus remains focused on scaling production to address demand with up to 200,000 square feet of cultivation capacity expected to come online in the first quarter of 2019. www.newswire.ca
GTEC Holdings Announces Strategic Merger with Invictus Forming Western Canada’s Largest Indoor Vertically Integrated Cannabis Company: Invictus MD Strategies Corp. (TSXV: GENE) (OTCQX: IVITF) has entered into a non-binding Letter of Intent with GTEC Holdings Ltd. (TSXV:GTEC) (OTCPK: GGTTF) for the acquisition by Invictus of all of the issued and outstanding shares in the capital of GTEC in an all-share transaction valued at approximately $100 million, forming Western Canada’s largest indoor vertically integrated cannabis companies. The Transaction would produce the following assets:
- 400,000 square feet of funded purpose-built indoor cultivation which spans across British Columbia, Alberta and Ontario;
- a robust and diverse range of products and brands, complemented with a genetic portfolio of over 80 strains;
- an EU-GMP certified facility to meet the rigorous requirements of the European Union markets;
- 30+ retail stores located across British Columbia, Alberta and Saskatchewan;
- an e-commerce website to service the non-medical market in Saskatchewan;
- two purpose-built state of the art extraction labs;
- an analytical testing lab; and
- a combined senior management team with pedigree from some of the world’s largest food & beverage, wine & spirits and tobacco companies, including Phillip Morris International, Diageo Plc and Saputo Inc. www.prnewswire.com
Curaleaf Opens Tallahassee’s Largest Medical Marijuana Dispensary: Curaleaf Holdings, Inc. (CSE: CURA) (OTCPK: LDVTF) has opened Tallahassee’s largest medical marijuana dispensary in the community’s Midtown area. As the state approaches 150,000 registered medical marijuana patients, Curaleaf is opening its 16th medical marijuana dispensary in Florida. Curaleaf’s nationwide retail footprint is now 31 dispensaries. Over 6400 square feet, Curaleaf’s first dispensary in Tallahassee offers patients its premium medical marijuana products in a spacious, comfortable environment that includes private consultation rooms. In addition, Curaleaf now offers free daily delivery service throughout the Panhandle region. www.newswire.ca
Isodiol International Inc. Announces a Research & Development Partnership with Record Street Brewing Co. for Hemp-Based Beers and Functional Beverages: Isodiol International Inc. (CSE: ISOL) (OTCQB: ISOLF) has entered into an agreement with Record Street Brewing Co., a music culture and lifestyle branded craft-beer company based in Reno, Nevada, for the research and development of hemp-based beers and functional beverages. The Company announced its hiring of a lead brewer and the acquisition of a pilot brewing plant, including a 7-bbl brewhouse, four 15-bbl fermentation tanks, a 30-bbl fermentation tank, a 15-bbl brite tank, and a 30-bbl brite tank. In addition, the Company acquired a 12-ounce bottling line and a 22-ounce bottling line. globenewswire.com
Beleave Announces Development of Cannabis-Infused Powder and Sugar Products for the Recreational Market: Beleave Inc. (CSE: BE) (OTCQX: BLEVF) announced that it has developed water-soluble cannabis-infused powder and sugar products to prepare for the adult recreational cannabis-infused food and beverage market next year. Beleave’s Hamilton laboratory is being expanded to make room for methods to formulate cannabis extracts into soluble, flavourless powders, sugar crystals, and syrups for use in beverages and food products using stability-enhancing techniques for prolonged shelf-life. The final product offered to consumers will be a flexible, food-grade ingredient that delivers an accurate dose of THC and CBD when ingested orally, and with enhanced bioavailability. Spearheading these efforts is the Company’s recently-appointed VP of Science and Technology, Dr. Peter Chen, who is a Postdoctoral Fellow at the University of Waterloo, School of Pharmacy. Product development and optimization protocols will be done alongside long-term Beleave collaborator, Dr. Michael Rogers, Associate Professor in the Department of Food Sciences at the University of Guelph. www.newswire.ca
MJardin Group Announces Completion of Reverse Takeover Transaction: MJardin Group (CSE: MJAR) (OTC: MJARF) announced it has closed the previously announced reverse takeover of Sumtra Diversified Inc. (TSXV: SDV.H). In connection with the RTO, Sumtra has changed its name to “MJardin Group, Inc.” and has had its common shares delisted from the TSX Venture Exchange. MJardin Group has received conditional approval from the Canadian Securities Exchange and anticipates that its shares will commence trading on the CSE on November 15th under the ticker “MJAR.” www.businesswire.com
MariMed Enters Fast-Growing Hemp CBD World Market in Partnership with GenCanna Global: MariMed Inc. (OTCQB: MRMD) and GenCanna Global Inc. announced that the companies have entered into an agreement whereby MariMed has invested $30 million in GenCanna, and the companies have created a strategic partnership, including a long-term supply agreement. The partnership expands MariMed’s robust product development capabilities and strengthens GenCanna’s position as a global leader in the Hemp CBD industry. MariMed, a multi-state operator that develops and manages cannabis facilities and branded product lines, intends to create a product and branding business unit focused on the development and distribution of Hemp CBD-derived products. globenewswire.com
Province Brands of Canada Announces Agreement with Brock Street Brewing Company: Province Brands of Canada — the Canadian company developing the world’s first beers brewed from the cannabis plant, including nonalcoholic beers which intoxicate using THC and other phytocannabinoids (to be released only when and where the sale of marijuana beverages are permitted by law) and Cambridge Bay Imperial Pilsner , a first-of-its-kind, 7% ABV imperial pilsner brewed from hemp in place of barley (which does not contain marijuana) — announces a co-packing and licensing agreement with Brock Street Brewing Company, an award-winning craft brewery in Whitby, Ontario. The agreement will allow Brock Street Brewing Company to license Province Brands of Canada’s patent-pending technology to launch two new beers under Brock Street Brewing Company. The first will be an alcohol beer brewed from hemp (which contains no marijuana) and the second will be a nonalcoholic beer brewed from cannabis, which intoxicates using THC and other phytocannabinoids. The cannabis-brewed beer will be brewed at Province Brands of Canada’s facility only once the manufacture and sale of such products are legalized in Canada. www.newswire.ca
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