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Cannabis Industry Business Professionals Blogs, Press Releases and News Articles from the best journalist in the industry. Stay updated on all MMJ news from every online source, on MjLink.com

Cannabis One Holdings announces strategic rebrand to INDVR Brands to put the spotlight on its cannabis distribution model

The company also announced that CEO Jeffrey Mascio has resigned from the Cannabis One leadership team as well as the board of directors effective immediately but remain involved with the company in an executive advisory role

The Vancouver-based company is advancing a “House of Brands” model that aggregates and optimizes popular cannabis names in North America

Cannabis One Holdings Inc () (OTCMKTS:CAAOF) has announced plans to change its name to INDVR Brands Inc in a bid to better reflect its cannabis distribution business model.

The Vancouver-based company is advancing a “House of Brands” model that aggregates and optimizes popular cannabis names in North America. It also owns a retail storefront in Colorado called The Joint, which was ranked the number one dispensary in the state by Leafly for three consecutive years.

The company also announced that CEO Jeffrey Mascio has resigned from the Cannabis One leadership team as well as the board of directors effective immediately. Mascio will remain involved with the company in an executive advisory role and the company's president Joshua Mann will take up the interim CEO position.

In a statement on Friday, Mann said that directors and executive management team have collectively decided that its current name does not properly reflect its business or its business model. The name change will not affect the firm’s existing share structure or shareholder rights, the group said.

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NA Proactive news snapshot: Humanigen, NetCents Technology, Talon Metals, Aftermath Silver, OTC Markets Group, Karora Resources UPDATE …

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
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NA Proactive news snapshot: District Metals, Nemaura Medical, Gold Resource, BioLargo UPDATE …

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
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NA Proactive news snapshot: Biome Grow, ImagineAR, BetterLife Pharma, Loop Insights …

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
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Biome Grow to sell cannabis subsidiary Highland Grow to MYM Nutraceuticals in C$12.9 million deal

Post-closing, Biome Grow will become MYM’s largest shareholder with a 19% stake in the company
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Asterion Cannabis updates on milestones in bid to become world’s largest pharma-grade medicinal cannabis supplier

The firm aims to construct a 4.3 million sq ft (40 hectares) facility, which will be built in three phases

Asterion aims to have an initial product ready with revenues within 24 months of breaking ground

Asterion Cannabis Inc outlined the various significant milestones achieved as the private firm continues its bid to build the world’s largest glasshouse medicinal cannabis production facility in Australia.

In a lengthy investor update, Asterion, which is currently raising C$10 million via a placing, highlighted that in April last year, it inked a definitive deal to buy 75 acres of land in Toowoomba, adjacent to the Toowoomba Wellcamp Airport in Queensland.

READ: Asterion Cannabis launches C$10M brokered private placement

The firm aims to construct a 4.3 million sq ft (40 hectares) facility, which will be built in three phases - the first and second phases being 10 hectares each.

It will include full extraction and processing equipment as well as a research and development (R&D) facility.

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AgraFlora Organics says it has prepared 1,000kg of CBD oil for sale this quarter

The company is currently in talks with potential buyers to determine the optimal sales mix of CBD isolate, CBD distillate and CBD crude oil

The CBD oil was produced from around 10,000 kilograms of hemp biomass that was run through the firm's proprietary pre-extraction processes

AgraFlora Organics International Inc () () revealed that it has now produced around 1,000 kg of CBD oil with its biomass partner MicroC45, which it is preparing to sell this quarter.

The company said it is currently in talks with potential buyers to determine the optimal sales mix of CBD Isolate, CBD Distillate and CBD Crude Oil and expects to close its first bulk transactions this quarter.

READ: AgraFlora Organics International unveils partnership with MicroC45 Inc for growing hemp at Ontario farm

In June this year, AgraFlora struck a cultivation partnership with MicroC45 for growing hemp in Ontario, Canada. MicroC45 has a proprietary separation process that results in higher extraction value and ultimately a greater yield of major and minor cannabinoids.

The group said the CBD oil was produced from approximately 10,000 kilograms of hemp biomass that was run through the firm's proprietary pre-extraction processes.

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AgraFlora Organics International unveils partnership with MicroC45 Inc for growing hemp at Ontario farm

AgraFlora said Binbrook Farm was expected to yield around 50,000 kilograms of high CBD hemp in fall 2020

AgraFlora CEO Brandon Boddy said cultivation at Binbrook represented "another milestone for this core-asset strategy”

AgraFlora Organics International Inc () () told investors on Friday that it had struck a cultivation partnership with MicroC45 Inc for growing hemp in Ontario, Canada.

The deal is between subsidiary Sustainable Growth Strategic Capital Corp (SGSC) and MicroC45 Inc and SGSC has already successfully planted 50 acres of high-quality hemp at a farm in Binbrook, it revealed in a statement.

READ: AgraFlora Organics International expects PSC joint venture to begin sales this year 

AgraFlora said Binbrook Farm was expected to yield around 50,000 kilograms of high CBD hemp in fall 2020.

"Cultivation at Binbrook represents another milestone for this core-asset strategy,” said Brandon Boddy, AgraFlora's executive chairman and CEO.

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AgraFlora Organics International expects PSC joint venture to begin sales this year

The group's Propagation Services Canada Inc (PSC) venture has begun cultivation using a portfolio of live-plant genetics

The venture's delta facility sits in a desirable agricultural micro-climate on the Pacific coast and the first phase of operations uses 422,828 square foot

AgraFlora Organics International Inc (CSE:AGRA) (OCTMKTS:AGFAF) told investors that its greenhouse in Delta, British Columbia has started commercial cannabis growing and sales are expected to begin this year.

The group's asset Propagation Services Canada Inc (PSC) has begun cultivation using a portfolio of live-plant genetics, focused on producing high potency cannabis with attractive strains at a low cost, AgraFlora said.

READ: AgraFlora Organics subsidiary Farmako signs three-year supply agreement with Zenabis Global's ZenPharm

"Our partners at PSC have a long history of low-cost agricultural production which we expect to translate into our ability to produce low-cost cannabis at the Delta Facility," Brandon Boddy, AgraFlora's chief executive said in a statement.

"We have witnessed a trend in the market towards higher potency genetics with exotic strains on one hand, and a move towards value pricing on the other; but we have yet to see companies successfully do both.

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Cannabis One make transformational move by acquiring assets of Cannabis Corp

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Cannabis One ( CSE: CBIS- OTCMRKTS: CAAOF) President Joshua Mann joined Steve Darling from Proactive Vancouver to discuss a massive deal the company has just done that will see them take over the licences from Cannabis Corp and all the assets in Colorado.

These assets include the very popular retail store, “The Joint” Mann discusses how they were able to take over those licenses and he also gave us an update on their operations in Oregon and Washington State.

CSE:CBIS

Market: CSE
Market Cap: $11.22 m
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NA Proactive news snapshot: Benchmark Metals, Tinka Resources, Antibe Therapeutics, Marrone Bio Innovations, Nerds On Site, FSD Pharma, Altamira Gold UPDATE …

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires

Benchmark Metals Inc (CVE:BNCH) (OTCQB:CYRTF) is set to drill the largest drill program in the Toodoggone region of British Columbia in 2020. The Edmonton-based company is planning a drill program of up to 50,000 metres at the at the Lawyers gold-silver project, which is located in British Columbia’s prolific Golden Triangle mining district. Toodoggone is a historically underexplored area, but it did see production in the form of the Cheni gold-silver mine that operated from 1989 to 1992 and recorded output of 171,200 ounces of gold and 3.6 million ounces of silver.

Tinka Resources Limited (CVE:TK) (OTCPINK:TKRFF) is reactivating its exploration program at its Ayawilca property in Peru after the country’s government lifted restrictions in place as part of the coronavirus pandemic. Last week the Peruvian government initiated Phase 2 of its economic reactivation plan, which includes mineral activities. Vancouver-based Tinka submitted a coronavirus health and monitoring protocol to the Ministry of Health, allowing it to recommence exploration at any time, the company said in a statement Tuesday. 

Antibe Therapeutics Inc (CVE:ATE) has reached a bought deal financing agreement worth $25 million to advance its anti-inflammatory drug ATB-346 and others in its pipeline. The Toronto-based company, which develops non-addictive medicines for pain and inflammation, agreed to offer 62.5 million units at a price of $0.40 per unit. Each unit contains one common share and one-third of a share purchase warrant, and whole warrants are exercisable at $0.60 for a period of 24 months.

Marrone Bio Innovations Inc (NASDAQ:MBII) shares jumped Friday after the company announced an exclusive commercial agreement with multinational agribusiness UPL to distribute its REGALIA MAXX Fungicide in South Africa. South Africa is a major producer of wine and table grapes, with more than 120,000 hectares in production. Marrone’s REGALIA MAXX stimulates plants’ ability to fight diseases and has been used in North America to manage botrytis and other grape diseases.

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NA Proactive news snapshot: Marrone Bio Innovations, Nerds On Site, FSD Pharma, Altamira Gold UPDATE …

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires

Marrone Bio Innovations Inc (NASDAQ:MBII) shares jumped Friday after the company announced an exclusive commercial agreement with multinational agribusiness UPL to distribute its REGALIA MAXX Fungicide in South Africa. South Africa is a major producer of wine and table grapes, with more than 120,000 hectares in production. Marrone’s REGALIA MAXX stimulates plants’ ability to fight diseases and has been used in North America to manage botrytis and other grape diseases.

Nerds On Site Inc (CSE:NERD) (OTCQB:NOSUF) said Tuesday that it is advancing with its investment AdamNetworks, which has won patents in the US and Europe for its cybercrime-defeating AdamOne feature "Don't Talk To Strangers." Nerds said it has provided about C$1 million in the form of debt over the last four years to establish AdamNetworks. The company postponed interest payments as the technology was under development in exchange for 20% royalty payable to Nerds. And in other company news, Nerds also said its founders have purchased 400,000 company shares while it has launched investor information pages on Facebook and LinkedIn.

FSD Pharma Inc (CSE:HUGE) (NASDAQ:HUGE) has closed a C$10.125 million financing by way of a private placement of 1.5 million shares priced at C$6.75 and an additional 1.5 million warrants exercisable at C$9.65 for a five-year term. The Toronto-based company also granted the placement agents an option to arrange for purchases of up to an additional C$10.125 million of Securities on the terms above for a period of 30 days following the initial closing. Net proceeds are expected to be used for working capital and other general corporate purposes.

Altamira Gold Corp (CVE:ALTA) (OTCPINK:EQTRF) (FSE:T6UP) announced it had sold its Crepori gold project in Para state to a small-scale Brazilian gold miner as it continues to transition to a junior gold producer from an exploration firm. The firm will receive a total of C$500,000 from the sale to Mineracao do Para Ltda (MAP) and retain a 4% net smelter royalty (NSR) following the start of production. "This agreement is an important step in our transition from an exploration company to a junior gold producer and will add to future revenues, further reducing our need to raise capital through dilutive private placements," Altamira's CEO Mike Bennett told investors.

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NA Proactive news snapshot: Cannabis One, Kincora Copper, Canafarma Hemp Products, American Manganese …

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires

Cannabis One Holdings Inc (CSE:CBIS) (OTCMKTS:CAAOF) announced Tuesday that it has executed a definitive purchase agreement to acquire Colorado-based Cannabis Corp. which will transform the group into a fully-licensed cannabis operator. Cannabis Corp. holds the licenses and cannabis inventory assets of the Fox Street and Kingston cultivation facilities, as well as the award-winning "The Joint" dispensary in Denver, Colorado. The consideration payable to Cannabis Corp shareholders in connection with the transaction will be US$1,800,000 (C$2,500,000) in Class B super voting shares of Cannabis One at a per CBIS super-voting share price of $1.289 (equivalent to $0.1289 per Class A subordinate voting share) equaling 1,938,974 Class B super voting shares of Cannabis One.

Kincora Copper Ltd’s (CVE:KCC) ongoing drilling campaign at the Trundle copper-gold porphyry project in New South Wales, Australia has gone two from two. On May 19, the company revealed that it had intersected multiple mineralised skarn zones in core from the first of its drill holes into Trundle, at the southern Trundle Park skarn-porphyry target. Fast forward three weeks and the core from the second hole has now been received and reviewed. Kincora has put out some further visuals and it too is showing significant mineralisation, this time at the Mordialloc porphyry target. Although the proof will ultimately lie in the assay testing, and it is still early in Kincora’s maiden drill program at Trundle, both holes look very promising.

Canafarma Hemp Products Corp (CSE:CNFA) has revealed it is teaming up with private drugs group PharmOps to develop a bioequivalent drug to Hydroxychloroquine amid the coronavirus (COVID-19) pandemic. In April this year, Canafarma inked a letter of intent to buy PharmOps and its 25,000 square foot nutraceutical manufacturing facility in New Jersey. The hemp product-focused group told investors that as due diligence continues on that acquisition, the pair have also agreed to work together to develop a bioequivalent material to Hydroxychloroquine - a drug, which US President Donald Trump has been an advocate of amid the battle against the virus.

American Manganese Inc (CVE:AMY) (OTCPINK:AMYZF) has reported highly positive news on the development of its recycling pilot plant after engineering work that has increased its processing capacity. In May this year, the firm announced the launch by its contractor Kemetco of optimization tests in a bid to upgrade the plant, which extracts cathode materials, such as lithium, cobalt, nickel, and manganese at battery-grade purity from spent batteries. "As a result of the upgrades, the pilot plant capacity was successfully increased from 64 kg/day to 160 kg/day, without sacrificing the recovery potential of cobalt, lithium, nickel, manganese, and aluminum," American Manganese said in a statement on Tuesday.

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Cannabis One to transform into fully licensed Colorado operator as it cuts deal to acquire Cannabis Corp

The deal will add annual earnings before interest, taxes, depreciation and amortization of around US$3.6 million to the group’s Colorado operations

The acquisition is expected to close on September 2020 subject to approvals from the Colorado Marijuana Enforcement Division and other regulatory agencies

Cannabis One Holdings Inc () (OTCMKTS:CAAOF) announced Tuesday that it has executed a definitive purchase agreement to acquire Colorado-based Cannabis Corp. which will transform the group into a fully-licensed cannabis operator.

Cannabis Corp. holds the licenses and cannabis inventory assets of the Fox Street and Kingston cultivation facilities, as well as the award-winning "The Joint" dispensary in Denver, Colorado.

READ: Cannabis One forms JV for production of high purity THCa extract products

The consideration payable to Cannabis Corp shareholders in connection with the transaction will be US$1,800,000 (C$2,500,000) in Class B super voting shares of Cannabis One at a per super-voting share price of $1.289 (equivalent to $0.1289 per Class A subordinate voting share) equaling to 1,938,974 Class B super voting shares of Cannabis One.

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AgraFlora Organics subsidiary Farmako signs three-year supply agreement with Zenabis Global's ZenPharm

The agreement sees ZenPharm supplying EU-GMP quality flower to Farmako to distribute to medical cannabis patients in Germany

Germany’s medical cannabis market has a value of over EUR 170 million

AgraFlora Organics International Inc () (OTCPINK:AGFAF) announced Friday that its wholly-owned subsidiary Farmako GmbH has signed a new supply agreement with Zenanbis Global subsidiary ZenPharm Ltd.

The agreement sees ZenPharm supplying EU-GMP quality flower to Farmako to distribute to medical cannabis patients in Germany.

Farmako anticipates distributing 1,500 kilograms of cannabis flower in Germany over a three-year term, with both parties having the option to extend the supply relationship.

READ: AgraFlora Organics subsidiary submits documents to Health Canada for standard processing license at Winnipeg edibles facility

As part of the agreement, Farmako will receive the products in Germany and distribute them nationally under its own brand to its network of German pharmacies and doctors. In addition, Farmako and ZenPharm have agreed to do more collaborative work on additional product formulations, including cannabis oils and other dosage forms.

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Asterion Cannabis launches C$10M brokered private placement

The private company intends to use the proceeds to finance pre-construct costs for greenhouses in Queensland, Australia, to produce medicinal cannabis

Under the terms of the financing, Vancouver-based Asterion is offering nearly 6.7 million units at C$1.50 per unit

Asterion Cannabis Inc has announced a brokered private placement to raise up to C$10 million.

In a statement Wednesday, the company said it intends to use the proceeds to finance pre-construct costs for about 40 hectares (99 acres) of cutting-edge greenhouses in Queensland, Australia, to produce high-quality medicinal cannabis. 

Asterion said the money also will help it execute its early revenue strategic plan and list its shares on a recognized stock exchange while providing general working capital.

READ: Asterion Cannabis welcomes Amy Stephenson as chief investment officer

Under the terms of the financing, Vancouver-based Asterion is offering nearly 6.7 million units at C$1.50 per unit.

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AgraFlora Organics subsidiary submits documents to Health Canada for standard processing license at Winnipeg edibles facility

Management estimates that the first revenue post-processing licensing will be delivered in the fourth quarter of 2020

The company currently holds a research and development license from Health Canada

AgraFlora Organics International Inc () (OTCPK:AGFAF) said its subsidiary, The Edibles and Infusions Corporation (EIC) has submitted its Site Evidence Package to Health Canada for a standard processing license at its edibles manufacturing facility in Winnipeg, Manitoba.

The company currently holds a research and development license that it intends to use to develop and perfect the recipes and formulations for client edibles, increasing customer satisfaction, reducing operational risk, and allowing the company to move into revenue quickly once the standard processing license is obtained.

Although there is no guarantee on licensing timelines, AgraFlora said its management estimates that the first revenue post-licensing will be delivered in the fourth quarter of 2020.

READ: AgraFlora Organics subsidiary strikes extraction partnership with top tier extractor in Quebec

“License permitting, we are confident in our timelines to be able to reach first packaged sales in Q4 of this year,” James Fletcher, one of the founders and the operational manager of EIC said in a statement on Wednesday.

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Cannabis One has bold vision for growth becoming the “House Of Brands”

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Cannabis One () President and CEO Jeffery Mascio joined Steve Darling from Proactive Investors Vancouver on Skype to discuss the cannabis company that is rapidly becoming a major player in the space with their “House of Brands” philosophy. Mascio explaining what that means.

Mascio also telling proactive about their plan plans moving forward including expansion plans in the United States and beyond.

CSE:CBIS

Market: CSE
Market Cap: $10.81 m
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Cannabis One has bold vision for growth becoming the “House Of Brands”

viewCannabis One Holdings Inc.

Cannabis One () President and CEO Jeffery Mascio joined Steve Darling from Proactive Investors Vancouver on Skype to discuss the cannabis company that is rapidly becoming a major player in the space with their “House of Brands” philosophy. Mascio explaining what that means.

Mascio also telling proactive about their plan plans moving forward including expansion plans in the United States and beyond.

CSE:CBIS

Market: CSE
Market Cap: $10.81 m
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Biome Grow signs major production and supply agreement with NFLD and Labrador

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