Breaks Categories: News

MondayFeb 08, 2021 2:44 pm

CBDNewsBreaks – CBD.market Expects Newcomer Growth in 2021

CBD.market, an education-focused online CBD products store, predicts that 2021 will see substantial growth in the number of newcomers entering the CBD market. An increase in the number of CBD consumers will drive the demand for a wide variety of products and necessitate the need for more online retailers. According to High Yield Insights, many new users discovered the benefits of CBD products in the last six months of 2020. During that time, almost one in four CBD users entered the U.S. market, increasing the number of users by 9 million. In addition to new customers, one-third of established consumers…

Continue Reading

MondayFeb 08, 2021 11:11 am

CBDNewsBreaks – Grapefruit USA Inc. (GPFT) Releases Preliminary Revenue Numbers, Notes 714% Growth for Calendar Year

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis company, announced its unaudited revenue results for calendar year 2020. The numbers indicate that Grapefruit totaled revenues of an estimated $3,672,353 for the year ended Dec. 31, 2020, which represents an increase of approximately $3,221,156 from 2019. The announcement noted that, based on those preliminary numbers, the company is reporting revenue growth of 714% in 2020. The company has spent the last year and a half focused on bringing its patented Hourglass(TM) topical THC/cannabinoid delivery cream to market. Demand for the disruptive product has been robust, the company reported, with…

Continue Reading

WednesdayFeb 03, 2021 12:10 pm

CBDNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) to Hold Extraordinary Meeting of Debentureholders

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in the United States, has announced an upcoming shareholder meeting. The meeting, scheduled for 10 a.m. ET on Feb. 25, 2021, is an extraordinary meeting of holders of 8% unsecured convertible debentures that are due Feb. 28, 2021. Information containing detailed information regarding the amendments and resolutions to be considered during the meeting has been mailed to the company’s debentureholders of record. The meeting will be held virtually to maintain COVID-19 social distancing requirements; participants will be attending via a telephone conference. The announcement noted that the company’s…

Continue Reading

WednesdayFeb 03, 2021 11:13 am

CBDNewsBreaks – XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) Signs Production Agreement with Applied Pharmaceutical Innovation

XPhyto Therapeutics (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), a bioscience accelerator at the leading-edge of the life science industry, announced that it has signed an agreement with Applied Pharmaceutical Innovation. A not-for-profit institution at the University of Alberta, Applied supports translational drug development for industry and innovators. XPhyto’s psychedelic pharmaceutical production agreement calls for the synthesis of pharmaceutical-grade psychedelic compounds and the development of the standard operating procedures required to obtain regulatory approval for the commercial production process. As part of its psychedelic pharmaceutical program, XPhyto needs industrial-scale production of standardized active pharmaceutical ingredients. This agreement is part of that strategic…

Continue Reading

TuesdayFeb 02, 2021 11:16 am

CBDNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) Enters Exclusive Partnership with Leading Race Team Loenbro Motorsports

HempFusion Wellness (TSX: CBD.U), a leader in the health and wellness cannabidiol (“CBD”) industry, has announced an exclusive partnership with Loenbro Motorsports, one of the world’s leading race teams. The collaboration makes HempFusion CBD, a leading brand utilizing the power of whole-food hemp nutrition, and Probulin, one of the fastest growing probiotic brands in the U.S. according to SPINs reported data, the exclusive sponsors in their respective categories for the 2021 racing season. The sponsorship kicks off with debut of the HempFusion #00eh car at the 50th Annual DIRTcar Nationals at Volusia Speedway near Daytona, with Loenbro Motorsports’ legendary driver,…

Continue Reading

MondayFeb 01, 2021 11:45 am

CBDNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Will Transition Medical Business to Wholesale Model, Offer Products Through Online Platform

The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organically grown cannabis, has announced plans to transition its medical business to a wholesale model. In the announcement, the company noted that the strategic move aligns with other pharmaceutical products' distribution models and allows the company to reallocate resources to support growth opportunities. TGOD’s national supply agreement with Canada's largest pharmacy network, Medical Cannabis by Shoppers, means that all TGOD products will be available through an online store platform. Medical Cannabis by Shoppers is a subsidiary of Shoppers Drug Mart Inc. and is Shoppers' largest supplier of…

Continue Reading

TuesdayJan 26, 2021 12:06 pm

CBDNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) Secures Inclusion in Two Cannabis ETFs

HempFusion Wellness (TSX: CBD.U), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, this morning reported that it attained inclusion in two leading cannabis and hemp-derived CBD focused exchange-traded funds (“ETFs”), AdvisorShares Pure US Cannabis ETF (NYSE: MSOS) and AdvisorShares Pure Cannabis ETF (NYSE: YOLO). YOLO, the first US-based actively managed ETF focused on the global cannabis industry, and MSOS, the only US-listed ETF dedicated solely to US cannabis exposure, intend to achieve long-term capital growth by investing in major cannabis and hemp-derived CBD companies internationally. As of January 22, 2021, the two ETFs hold…

Continue Reading

TuesdayJan 26, 2021 10:34 am

CBDNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) Announces Biomass Purchase Agreements to Scale-Up Extract Production

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF), a plant-based extraction company specializing in cannabis, hemp and mushroom products, has entered into its first initial substantial biomass purchase agreements; the agreements are designed to support an increase in the company’s production of THC and CBD oil extracts. Executed with a large Canadian Licensed Producer, one purchase agreement outlines Pure Extracts’ intent to purchase 220 kgs of high-potency THC cannabis dried flower; the company also agreed to purchase approximately 1,000 kgs of high-potency CBD biomass from a top Western Canada cultivator. The company plans to use the cannabis to produce full-spectrum (“FSO”) THC…

Continue Reading

WednesdayJan 20, 2021 2:53 pm

CBDNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Appoints C.A. Fortune E-Comm to Represent Entire Alkaline88 Non-CBD Beverage Line

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER) has announced a partnership with C.A. Fortune E-Comm, the online arm of C.A. Fortune, to offer WTER’s A88 family of beverages across various e-commerce platforms. The partnership is effective Jan. 21, 2021, and platforms include Amazon.com, Walmart.com, Kroger.com, Thrive.com, Boxed.com and zulilly.com among others. WTER is a producer of premium bottled alkaline water, flavor-infused waters, and CBD-infused products sold under the brand names Alkaline88(r), A88 Infused(TM), and A88CBD(TM) respectively. In the announcement, WTER noted that the C.A. E-Comm team includes account representatives, inventory specialists, content specialists and data analysts. These experts will assist…

Continue Reading

TuesdayJan 19, 2021 3:05 pm

CBDNewsBreaks – Grapefruit USA, Inc. (GPFT) Announcement Reflects on Steady Growth in Market Cap, Disruptive Hourglass(TM) Time Release THC+CBD Delivery Cream

Grapefruit USA, Inc. (OTCQB: GPFT), a premiere fully licensed California-based cannabis company, recently updated and clarified recent developments concerning its patented breakthrough, disruptive Hourglass(TM) time release THC+ Cannabinoid delivery cream. Grapefruit entered into an Exclusive License and Supply Agreement with Zylö Therapeutics Inc., of Greenville, S.C. on July 27, 2020, marking the successful completion of the seventeen-month development of Hourglass(TM), the only topical delivery technology capable of efficaciously crossing the transdermal barrier. Commenting on the steady growth in market capitalization and daily trading volume, Bradley J. Yourist, Grapefruit's CEO stated, "It has been satisfying to watch our market capitalization grow…

Continue Reading