MjLink Cannabis Business News and Press
First-round discussions with select Canadian provincial buyers are now complete and it is advancing its commercial rollout strategy and timelines
“As we approach commercialization of our products in the Canadian market and are seeing significant progress in our U.S. cannabidiol and natural products strategy, we will use the funds to accelerate our cannabis and traditional CPG strategies in both markets"
The company said the partnership with Naturo will bring access to over 3,000 distribution points, and manufacturing expertise
Australis Capital (CSE: AUSA- OTC: AUSAF) CEO Harry DeMott joined Steve Darling from Proactive to bring news that a leading independent international corporate governance analysis and proxy advisory firm, has recommended that Australis shareholders vote with current management at the upcoming Annual General and Special Meeting of Shareholders.
DeMott tells Proactive the firm noted that the board has taken steps to refresh itself, as “the management slate includes two recently appointed independent directors with skills and expertise that could be beneficial to Australis”
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Under the deal, the company is purchasing the remaining 9% interest in AMA Production
1933 Industries Inc () () announced Thursday it has signed an agreement to purchase the remaining 9% interest in AMA Production LLC, giving it 100% ownership, which includes a property in Las Vegas.
Subject to the terms of the agreement, 1933 Industries said it will issue 3.7 million non-transferable share purchase warrants exercisable at $0.075 each and expiring on June 13, 2024.
As part of the transaction, 1933 Industries said a total of 1,650,000 outstanding warrants and 2,050,000 options will be cancelled, and the operating agreement for Alternative Medicine Association LLC (AMA) will be amended to concede complete managerial control of AMA to 1993 Industries.
READ: 1933 Industries to close C$918,720 private placement to help refocus business strategy on Nevada
“This is another step towards putting 1933 Industries on solid footing as it continues to progress on its key initiatives,” said CEO Paul Rosen in a statement. “The Agreement provides the Company with additional operating flexibility, which, alongside the most recent capital raises, the successful amendments to the Company’s convertible debentures and the continuing increases to our cultivation capacity, moves us forward towards our goal of achieving profitability.”
The ready-to mix line of CBD beverage enhancers have functional ingredients and will be launched on its Pure Therapy e-commerce platform
The Vancouver-based company said it will close the placement on November 3 by offering 13,920,000 units at a price of C$0.066 for gross proceeds of C$918,720
1933 Industries Inc () (), a vertically-integrated cannabis consumer packaged goods company, announced on Monday that it will close a non-brokered private placement for C$918,720 this week to raise working capital and refocus the firm’s business strategy on its core market of Nevada.
The Vancouver, British Columbia-based company said it will close the placement on November 3 by offering 13,920,000 units at a price of C$0.066 for gross proceeds of C$918,720.
The company said each unit consists of one share and one transferable share purchase warrant. Each warrant entitles the holder to buy one share at an exercise price of C$0.106 per unit for a period of 18 months from the closing date.
READ: 1933 Industries’ premium Canna Hemp brand of CBD products now available in most of the US
The units shall be subject to a four month and one day hold period, expiring on March 4, 2021.
The company said receiving the licence will be a “major milestone” for the company’s commercialization and white-label plans
The infused cannabis beverages giant expects to launch the popular US beverage and distillate vape lines by the first quarter of 2021
The former Canadian CEO of Arrowhead Water Products will help BevCanna win domestic and international distribution, sales, and M&A opportunities
BevCanna Enterprises successfully completes trial production runs of Keef and State B beverage lines
BevCanna has produced and evaluated multiple formulations of the products, including sparkling water, tea-based and soda formats, and multiple bottling formats
The private placement was for $250,000 at $0.25 per unit and the $500,000 senior management exercise of 1,500,000 stock options was at an exercise price of $0.30 per share
(CSE: AUSA-OTC: AUSAF) CEO Harry DeMott joined Steve Darling from Proactive to share details about a letter he sent to current shareholders addressing some of the things a group of dissident shareholders have said about management and the company.
DeMott also told Proactive about his vision for the company as they look to the future following the proxy vote.
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The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
Under the three-year agreement, 1933 Industries will purchase Orchid's PurTec hardware and packaging component products and proprietary terpene blends for the production of Orchid Essentials products
1933 Industries Inc () () said Tuesday it is partnering with Orchid Ventures Inc (CSE: ORCD) (OTCMKTS:ORVRF) to manufacture and distribute Orchid products in the Nevada cannabis market.
The supply and licensing agreement was struck between Washington-based Orchid Ventures’ subsidiary Orchid Brands, LLC and 1933 Industries’ subsidiary Alternative Medicine Association LLC.
Both companies will leverage AMA's extraction expertise and well-established sales and distribution channels in the state, 1933 Industries said.
READ: 1933 Industries to sell its Canna Hemp line of wellness products in CBD Plus stores in US
Under the three-year agreement, 1933 Industries said it will purchase Orchid's PurTec hardware and packaging component products and proprietary terpene blends required for the production of Orchid Essentials products.
The Vancouver-based infused cannabis beverages giant has appointed Panetta as an executive advisor as it eyes rapid business development
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
The Vancouver infused beverage expert will leverage Keef's large US distribution network to launch their house brands in the American market
The group's wholly-owned subsidiary, Pure Therapy reported C$1.53 million in unaudited gross revenue for the first nine months of 2020
