MjLink Cannabis Business News and Press
The JV will utilize licensed proprietary technology that allows for the partitioning of acid cannabinoids from their neutral counterparts with high efficiency
Cannabis One Holdings Inc () has announced the formation of Diamond Ventures for the production of high purity THCa extract products to further expand its current product offerings beyond existing brands including Honu, Cheech, INDVR and Fat Face Farms.
Diamond Ventures is a new and equally owned joint venture between Cannabis One US Inc, a wholly owned subsidiary of Cannabis One, and Empire, a Colorado limited liability company.
The joint venture will utilize licensed proprietary technology and know-how that allows for the partitioning of acid cannabinoids from their neutral counterparts with high efficiency.
READ: Cannabis One Holdings raises $1.6 million in management-led strategic financing
This technology will be used in tandem with licensed proprietary techniques to consistently achieve greater than 99% purity THCa "diamonds" for use in a wide array of new retail products.
Body and Mind operates a cannabis production operation in Nevada, as well as dispensaries
(CSE AUSA) (OTCPINK AUSAF) announced Wednesday that it has now sold down its holding in by a total of around 5.9mln shares.
Australis, which was spun out from cannabis behemoth Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) in September 2018 as its US investment vehicle, was an early investor in Body and Mind which operates a cannabis production operation in Nevada, as well as dispensaries, and its products include dried flower, edibles, topicals, extracts as well as GPEN Gio cartridges.
READ: Australis Capital acquires payment provider Paytron in US$120K stock deal
On December 24, 2019, Australis disposed of 5.0 million Body and Mind shares following a vendor agreement between Australis and RAPIDCASH ATM Ltd. The company said the share deal formed part of the consideration payable for the purchase of self-service kiosks for the global cannabis dispensary market from RAPIDCASH.
Body and Mind operates a cannabis production operation in Nevada, as well as dispensaries
(CSE AUSA) (OTCPINK AUSAF) announced Wednesday that it has now sold down its holding in by a total of around 5.9 million shares.
Australis, which was spun out from cannabis behemoth Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) in September 2018 as its US investment vehicle, was an early investor in Body and Mind which operates a cannabis production operation in Nevada, as well as dispensaries, and its products include dried flower, edibles, topicals, extracts as well as GPEN Gio cartridges.
READ: Australis Capital acquires payment provider Paytron in US$120K stock deal
On December 24, 2019, Australis disposed of 5.0 million Body and Mind shares following a vendor agreement between Australis and RAPIDCASH ATM Ltd. The company said the share deal formed part of the consideration payable for the purchase of self-service kiosks for the global cannabis dispensary market from RAPIDCASH.
AgraFlora CEO Brandon Boddy said the partnership is a nod to the group’s capacity to deliver ‘technically superior’ extraction-ready material
AgraFlora Organics International Inc () (OTCPINK:AGFAF) said Wednesday that its wholly-owned subsidiary, Sustainable Growth Strategic Capital Corp (SGSC), a licensed cannabis company, has struck an extraction partnership for hemp processing with a top tier extractor in Quebec.
In a statement, AgraFlora said the partnership is with Greater Toronto Area-based SGSC’s joint venture partner Micro C45 Inc, a Canadian hemp company that has developed a post-harvest mechanical separation process for hemp biomass that results in higher extraction values.
Under the terms of the agreement, the supply partners will deliver to the extractor 44,000 kilograms of hemp biomass for crude and distillate extraction in four installments over six months. As the supply partners, Micro C45 will provide the high-quality hemp biomass to the extractor with SGSC serving as the funding partner.
viewAgraFlora Organics International Inc.
AgraFlora Organics (CSE: AGRA-OTCPK: AGFAF) Chairman and CEO Brandon Boddy joined Steve Darling from Proactive Vancouver with news the company has received a cultivation license from Health Canada for their delta facility. That facility is the 2nd largest in Canada.
Boddy telling Proactive what this milestone means for the company and when they are planning for their first crop of high potency plants.
CSE:AGRA
The group's CEO Brandon Boddy said obtaining the license marks the 'end of a journey' started in the fourth quarter of 2018 and is the 'key milestone' in beginning cannabis sales
AgraFlora Organics International Inc () (OTCPINK:AGFAF), a joint venture partner in Propagation Services Canada Inc which operates a greenhouse in Delta, British Columbia said the facility has secured a standard cultivation license from Health Canada.
"Obtaining the license at the Delta facility marks the end of a journey commenced in Q4 2018 and is the key milestone in beginning cannabis sales from what is the second largest and one of the most advanced greenhouses in Canada,” AgraFlora Organics CEO Brandon Boddy said in a statement on Tuesday.
“With license in hand, we’re commencing the cultivation of a curated portfolio of elite live plant genetics that will enable us to execute on a focused strategy of high-potency, low-cost cannabis to drive high-volume value brands from coast to coast,” he added.
READ: AgraFlora Organics closes $28,750,000 private placement in a sign of investor confidence
The 51,000 square foot automated edibles manufacturing centre is designed to be one of the most technologically-advanced and efficient cannabis facilities in Canada
AgraFlora Organics International Inc () (OTCPINK:AGFAF) announced Friday that its subsidiary The Edibles and Infusions Corporation (EIC) has completed construction on its Winnipeg manufacturing facility, clearing a path towards cannabis production.
The company said it plans to submit a processing license application to Health Canada before the end of the month.
The 51,000 square foot automated edibles manufacturing centre is designed to be one of the most technologically-advanced and efficient cannabis facilities in Canada, according to EIC’s operational manager James Fletcher.
READ: AgraFlora Organics closes $28,750,000 private placement in a sign of investor confidence
“Rather than trying to scale up practices developed in unlicensed establishments, we have built a facility which can produce cannabis edibles using world-class food manufacturing processes,” Fletcher said in a statement. “As a result, we will be able to provide our clients with the highest level of service and support as we work together to build lasting and valuable brands nationwide.”
The company has inked a definitive deal with cannabis operator Capna Intellectual, which will see BevCanna manufacture and sell Bloom branded products
BevCanna will provide the product, and Argentia will distribute it in Newfoundland, Prince Edward Island (PEI) and New Brunswick
Proceeds from the financing will be used to assist in the closing of certain acquisitions and fund the expansion of the group's Colorado and Washington operations
Cannabis One Holdings Inc (), the cannabis branding house, has undertaken a management-led strategic financing that netted the company over $1.6 million.
Led by insiders, the company’s non-brokered private placement consisted of just over 7.6 million subordinate voting units priced at C$0.068 and around 1.7 million super-voting units priced at C$0.68 for gross proceeds of $1.61 million.
READ: Cannabis One Holdings adds veteran real estate developer Regan Hauptman to its board
Nearly half of the proceeds came from managers and board members of Cannabis One, who participated for an aggregate of 2.6 million subordinate voting units and 904,000 super-voting units to raise around $794,000.
Proceeds from the financing will be used to fund general working capital, assist in the closing of certain acquisitions, and fund the expansion of its Colorado and Washington operations, Cannabis One told shareholders in a statement Wednesday.
Proceeds from the financing will be used to assist in the closing of certain acquisitions and fund the expansion of the group's Colorado and Washington operations
Cannabis One Holdings Inc (), the cannabis branding house, has undertaken a management-led strategic financing that netted the company over $1.6 million.
Led by insiders, the company’s non-brokered private placement consisted of just over 7.6 million subordinate voting units priced at C$0.068 and around 1.7 million super-voting units priced at C$0.68 for gross proceeds of $1.61 million.
READ: Cannabis One Holdings adds veteran real estate developer Regan Hauptman to its board
Nearly half of the proceeds came from managers and board members of Cannabis One, who participated for an aggregate of 2.6 million subordinate voting units and 904,000 super-voting units to raise around $794,000.
Proceeds from the financing will be used to fund general working capital, assist in the closing of certain acquisitions, and fund the expansion of its Colorado and Washington operations, Cannabis One told shareholders in a statement Wednesday.
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The group has a 292-acre cultivation site in the Okanagan Valley, a spring water aquifer, and a 40,000-square-foot manufacturing facility
The group will leverage its extensive experience in launching beverages in the Canadian market to maintain compliance with Health Canada as well as national sales and distribution efforts
CEO Brandon Boddy said the cash infusion at a substantial premium to market is indicative of AgraFlora's 'pole position' through the 'next phase of cannabis normalization'
AgraFlora Organics International Inc () (OTCPINK:AGFAF) announced that it has closed a non-brokered private placement offering consisting of 28,750 unsecured convertible debentures with an aggregate face value of $1,000 for gross aggregate proceeds of $28,750,000.
The diversified international cannabis company said the proceeds will be used as general working capital and to continue the company's continuing capital expenditures at its 2.2 million square foot Delta greenhouse complex, as well as its 51,500 square foot Winnipeg edibles facility.
READ: AgraFlora Organics subsidiary succcessfully completes first batch of CBD oil and distillate
“While Tier 1 LP peers continue to encounter challenges in remaining adequately capitalized throughout these dynamic market conditions, this material cash infusion at a substantial premium to market is indicative of AgraFlora's pole position through the next phase of cannabis normalization,” Agraflora's CEO Brandon Boddy said in a statement.
The firm owed Naturo Group Investments Inc for a strategic advance which was a debt of C$197,000
Sustainable Growth Strategic Capital Corp has partnered with Micro C45, a firm that has developed a post-harvest mechanical separation process for hemp that results in higher extraction value
AgraFlora Organics International Inc () (OTCPINK:AGFAF) announced Friday that its subsidiary Sustainable Growth Strategic Capital Corp (SGSC) has produced its first run of full spectrum winterized CBD crude oil and distillate.
SGSC, based in the Greater Toronto Area, is targeting the underserviced market for CBD oil, distillate and isolate by establishing revenue-generating partnerships.
To that end, the company teamed up with Micro C45 Inc, a firm that has developed a post-harvest mechanical separation process for hemp that results in higher extraction value. The partnership has led to agreements with multiple Canadian companies to create formulations and finished products with oil, distillate and isolate.
READ: AgraFlora Organics International eyeing cultivation licence for large British Columbia greenhouse before end of second quarter
Now, SGSC’s first batches of CBD oil and distillate are complete and in the final stages of being prepared for sale, the company said. The first batch of distillate is expected in the second quarter.
Asterion Cannabis Inc. is currently a privately-owned medicinal-cannabis producer with operations in Australia, specializing in medical cannabis and focused on producing the highest quality of genetically uniform cannabis strains, at an affordable price.
The Vancouver-based company is led by a team of highly experienced executives with over 120 years of combined experience in medical cannabis, renewable energy, capital markets, and other highly relevant sectors across North America, Oceania, Europe, Africa and Asia.
Chairman and CEO Stephen Van Deventer, for example, spearheaded the financing and reverse takeover of Aurora Cannabis, after helping to create its structure and provide strategic direction.
Asterion is in the process of rolling out an ambitious project in southeast Queensland, to construct the world's largest purpose-built greenhouse cannabis production facility.
The facility will cover a 4.3 million sq/ft site with an aim to ultimately have an annual capacity in excess of 500,000 kilograms.
CFO John Campbell said the company was ‘very pleased’ with the confidence investors had shown in BevCanna, despite the ‘uncertain economic times’
The drink will be based on the popular Trace beverage, a non-CBD version, which is already approved by Health Canada
