MjLink Cannabis Business News and Press
Clarke is co-founder and CEO of consultancy Stratus Designs Ltd, which specializes in the planning, layout, design, commissioning and inspection of cannabis and hemp cultivation and processing facilities
viewCannabis One Holdings Inc.
The group noted that Mohamed brings over 20 years of private and public sector experience having built an exceptional reputation in business development, capital markets, operational streamlining, mergers, acquisitions, and internal audit
() has announced the appointment of Rahim Mohamed to its board as an independent director as the company proceeds with its strategic rebranding to INDVR Brands Inc.
The group noted that Mohamed brings over 20 years of private and public sector experience having built an exceptional reputation in business development, capital markets, operational streamlining, mergers, acquisitions, and internal audits.
READ:Cannabis One appoints Alnoor Nathoo to board amid two executive-level departures
Mohamed, who is a member of the Private Capital Markets Association of Canada (PCMA) - formerly known as Exempt Market Dealers Association of Canada (EMDA) - currently serves as chief executive officer and a director of Softlab9 Technologies Inc.
viewAgraFlora Organics International Inc.
The firm said it agreed with holders of its 10% senior unsecured convertible debentures due March 12, 2021, that provides for the purchase of $3 million aggregate principal amount of the debentures
Agraflora Organics International Inc () (OCTMKTS:AGFAF) has said it is exchanging $3 million worth of debentures for shares in the company.
The firm said it agreed with holders of its 10% senior unsecured convertible debentures due March 12, 2021, that provides for the purchase of $3 million aggregate principal amount of the debentures.
The cannabis company will distribute nearly 55 million shares priced at C$0.05472, which is the daily volume-weighted average price of shares between June 24, 2020, and June 30, 2020.
viewCannabis One Holdings Inc.
Cannabis One (CSE: CBIS) President and Interim CEO Joshua Mann joined Steve Darling from Proactive Vancouver with news the company has changed up their board of directors. Mr Alnoor Nathoo has joined the board and Mann talks about the experience he brings.
Mann also discusses his role changing as he takes over as CEO and also why the company had decided to move away from Cannabis One, rebranding as INDVR Brands.
CSE:CBIS
Market: CSE
Market Cap: $6.27 m
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Five Star’s Double Shot line is a fast-acting beverage that contains 20 milligrams of THC in a variety of flavors and its cannabis-infused tincture beverage enhancers allow users to mix and match flavours
1933 Industries Inc () () is teaming up with premium cannabis brand Five Star Extracts to produce its products exclusively in Nevada.
The Vancouver-based firm said Thursday that its subsidiary Alternative Medicine Association LC (AMA) signed a one-year licensing agreement with Five Star Group LLC to cultivate, manufacture and sell Five Star Extracts-branded products in the state.
AMA will manufacture Five Star products, including its exclusive flavored Double Shot line and flavored cannabis tinctures, which have already received approval from Nevada’s newly-formed Cannabis Compliance Board.
READ: 1933 Industries enters high value cannabis flower market in Nevada
"We are excited to work with a team who shares the same high standards, passion and pride for crafting top quality cannabis products," 1933’s director of sales for brands and partners Jordan Stroum said in a statement.
Highland Grow is licensed to cultivate, process, and distribute cannabis from its facility in Antigonish, Nova Scotia
The personnel changes come as the company prepares to strategically rebrand itself INDVR Brands
Cannabis One Holdings Inc () (OTCMKTS:CAAOF) announced Tuesday the appointment of Alnoor Nathoo to its board of directors, one of several new additions the company said it plans to make.
The company also announced two resignations, that of board director Bernard Radochonski and interim CFO Theresa Mohan. Radochonski still remains a large shareholder and long-standing supporter of the company, the group noted.
The executive-level personnel changes come as Cannabis One prepares to strategically rebrand itself INDVR Brands Inc in a bid to better reflect its cannabis distribution business model.
READ: Cannabis One to transform into fully licensed Colorado operator as it cuts deal to acquire Cannabis Corp
In a statement, Cannabis One noted that Nathoo brings a wealth of public and private company experience. He is the principal of a privately held hotel development company which over the past two decades has developed and sold over 10 hotels across Canada.
The Las Vegas-based company said the terms of the acquisition agreement require Passport to pay "a break fee and the company's demonstrated expenses"
() () announced on Tuesday that Passport Technology Inc has informed it that the company has terminated a previously announced acquisition agreement.
“The terms of the acquisition agreement require Passport to pay a break fee and the company's demonstrated expenses,” Australis Capital said in a statement.
On June 25, Las Vegas-based Australis first announced that it planned to acquire Passport Technology, which partners with casino operators to increase gaming revenue by delivering funds to the casino floor through cash and cashless payment portals. Passport is in 72 physical casinos with 124 unattended kiosks throughout five countries.
Passport would have complemented Australis’ existing fintech assets – Cocoon Technology and Paytron – to leverage purpose-built technology for highly regulated industries with a growing need for unattended kiosk solutions with a global market expected to surpass $46 billion by 2026.
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
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.
The companies have signed a definitive agreement for Argentia to sell BevCanna products across Newfoundland, Prince Edward Island and New Brunswick
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Post-closing, Biome Grow will become MYM’s largest shareholder with a 19% stake in the company
Mason has spent nearly two decades as founder CEO of Clearly Food & Beverage Company Ltd and was the CEO of Naturally Splendid Enterprises from 2017 to 2019
1933 Industries (CSE: TGIF- OTCQX: TGIFF) New President Eugene Ruiz joined Steve Darling from Proactive Vancouver to talk about his new role with the company. He provided his background and what he is bringing to his new role.
Ruiz also told Proactive about some recent happening with the company including a cultivation update and a new hemp line for major names like Amazon and Walmart.
CSE:TGIF
Market: CSE
Market Cap: $19.98 m
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A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
A collective of independently-owned Saskatchewan cannabis retailers, Weed Pool is the largest cannabis buying group in the province
