TGOD Set to Acquire European CBD Company

The Green Organic Dutchman Holdings (TSX:TGOD) announced an agreement to acquire European manufacturer and marketer of premium organic CBD oils, HemPoland. As quoted in the press release: This strategic acquisition provides access to HemPoland’s vast distribution network, premium Cannabigold brand, state-of-the-art hemp oil extraction technologies, and provides a strategic pathway into the European market for TGOD’s medical & recreational products and licensing deals. The financial terms of the transaction are US$7.75 million (CAD$10.2 million) cash and 1,968,323 restricted TGOD shares currently worth US$7.75 million (CAD$10.2 million), which will be escrowed for a term of three years from closing. In addition, there is contingent consideration of up to 3,047,722 shares of TGOD currently worth US$12 million (CAD$15.8 million) based on delivery of US$32 million (CAD$42.1 million) EBITDA in the 2021 fiscal year. TGOD will invest a further US$10.3 million (CAD$13.5 million) in HemPoland to fund product development, R&D, drug development and continue global … Continue reading

Auxly Set to Acquire KGK Science

Auxly Cannabis Group (TSXV:XLY) announced an agreement to acquire all shares of KGK Science for a consideration worth C$12.3 million payable in cash and common shares of the company. As quoted in the press release: KGK is a leading health and wellness focused private contract research organization based in London, Ontario, and the Company expects to leverage KGK’s expertise and research abilities to further the Company’s product development efforts through collaboration with the Company’s wholly owned subsidiary, Dosecann Inc. (“Dosecann”). Pursuant to the Share Purchase Agreement, the Company will acquire all of the issued and outstanding shares of KGK (the “Acquisition”). Upon the completion of the Acquisition, KGK will become a wholly-owned subsidiary of the Company. As consideration for the KGK Shares, the shareholders of KGK (the “KGK Shareholders“) are entitled to receive 4,132,231 common shares in the capital of the Company (“Common Shares“) priced at $1.21 per Common Share, with … Continue reading

Emerald Health Announces CEO Appointment for Pure Sunfarms

Emerald Health Therapeutics (TSXV:EMH) and Village Farms International (TSX:VFF) announced the appointment of Mandesh Dosanjh as president and CEO of 50/50 owned cannabis joint venture Pure Sunfarms. As quoted in the press release: Mr. Dosanjh joins Pure Sunfarms from his position as Senior Vice President, Supply Chain and Wholesale, at the Liquor Control Board of Ontario (LCBO), where he led LCBO’s supply chain division, and developed and managed its supply chain and wholesale strategy as the LCBO prepared for the legalization of adult-use cannabis. Mr. Dosanjh commented, “Over the past two years at the LCBO, I became immersed in the Canadian cannabis industry and gained an in-depth knowledge and understanding of its many suppliers. Pure Sunfarms truly stands out in the industry for both the experience and expertise of its team, and the quality of its growing operations, strongly positioning it for leadership in the adult-use market,” said Mr. Dosanjh. “I look forward … Continue reading

Marapharm Gives Licensing Update

Marapharm Ventures (CSE:MDM) announced a fully funded operating agreement with Full Spectrum Medicinal and provided an update on its medical license application. As quoted in the press release: Marapharm has taken immediate action to amend two items on its late- stage Health Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”) application. The Company is currently amending the location for its license application to Celista, BC, FSM’s 40-acre site, 1 hour from Salmon Arm and the new appointment of a Quality Assurance Person (QAP). 10 – 10,000 sq. ft. engineered bio-secure facilities, which have been fully funded by FSM, will be constructed in two phases, ultimately maximizing the potential of our 100,000 [square feet] ACMPR licence once approved by Health Canada. Ground preparation on the site began on August 15. “As a Canadian based company, we are confident about the demand and anticipated size of the Canadian cannabis market. This strategic alliance … Continue reading

LGC Capital Shares Update from Italian Partner

LGC Capital (TSXV:LG) announced its Italian partner, Evolution Bnk started planting cannabis at its facility, with the first harvest expected by October. As quoted in the press release: In addition to the Pavia research facility, the construction of Evolution Bnk’s Sanremo Phase 1 facility, the first 20,000 square feet of its 70,000 square feet of greenhouse in Sanremo, Italy, is nearing completion. This will be the growing location for the clones from the mother plants at Pavia. The remaining 50,000 square feet of the 70,000 square feet will be completed in Phase 2 by the end of 2018. Upon completion of Phase 2 construction at Sanremo, Evolution Bnk will have capacity of 7,000 [kilograms] of dry cannabis flowers per year.  This estimate is based on actual industry observed yields of 25 grams per square foot per cycle when using the same production methods as Evolution Bnk. All production will comply with … Continue reading

Marijuana stock briefs: Kannaway takes a European vacation - PotNetwork (blog)

Marijuana stock briefs: Kannaway takes a European vacationPotNetwork (blog)“It is an excellent opportunity for our brand ambassadors, new and old alike, to network with their fellow brand ambassadors, learn about new and upcoming products and build a successful Kannaway business.” According to a company’s statement, direct … Continue Reading … Continue reading

Invictus Announces Spinout of Poda to Access International and U.S. Markets

Invictus (TSXV:GENE, OTC:IVITF) today announced the proposed spinout of its wholly-owned subsidiary, Poda Technologies Ltd. (“Poda”), by way of plan of arrangement (the “Arrangement”), in a bid to create a stand-alone entity to conduct business in the U.S. and internationally, outside of the TSXV. Poda is a zero-cleaning vaporizer system, harnessing innovative technology that can be paired with almost any vaporizable substance including cannabis, tobacco, e-liquids, concentrates, coffee and more. Other pod-based vaporizers on the market today still require cleaning and produce significant waste. Poda vaporizers use patent-pending zero clean technology and offer biodegradable pods. Most importantly, Poda vaporizers will provide consumers with consistent performance. As part of the Arrangement, each common share of the Company held by an Invictus Shareholder will be exchanged for one new common share of the Company and one Poda common share. Immediately after the Arrangement, the Invictus Shareholders shall be the shareholders of Poda. Each … Continue reading

Maricann Group Inc. Joins Short List of Recreational Suppliers to Launch in OCS

Maricann Group Inc. (CSE:MARI; FWB:75M; OTCQB:MRRCF) (“Maricann” or the “Company) is pleased to announce that the Company has been selected by The Ontario Cannabis Store (“OCS”) to supply a variety of safe, high quality cannabis products through its online store launching October 17, 2018. Maricann will supply 37 listings with a wide range of sizes, formats and strains. The Company is committed to supporting the Ontario economy, with state-of-the-art low cost, high efficiency facilities based in Langton, Ontario. Maricann has invested over $100MM into south western Ontario with near term plans for further expansion. Today’s announcement marks Maricann’s fourth provincial supply contract, cementing its position as a bona fide national player in Canada’s recreational cannabis market. Maricann proudly looks forward to serving Ontarians through the OCS ecommerce platform on October 17, 2018, and in the near future with private retailers. “This is an exciting milestone for our team and positions … Continue reading

Village Farms International Announces Appointment of Pure Sunfarms President and CEO

Mandesh Dosanjh Brings Extensive Consumer Products Experience with Recent Cannabis Focus at Liquor Control Board of Ontario VANCOUVER, Aug. 21, 2018 /CNW/ – Village Farms International, Inc. (“Village Farms” or the “Company”) (TSX:VFF) (OTC: VFFIF) and Emerald Health Therapeutics, Inc. (TSXV:EMH; OTCQX:EMHTF) (“Emerald”) today announced that Mandesh Dosanjh has been appointed President and Chief Executive Officer of Pure Sunfarms Corp., their 50/50 owned cannabis joint venture, effective on or before October 1, 2018.  Mr. Dosanjh joins Pure Sunfarms from his position as Senior Vice President, Supply Chain and Wholesale, at the Liquor Control Board of Ontario (LCBO), where he led LCBO’s supply chain division, and developed and managed its supply chain and wholesale strategy as the LCBO prepared for the legalization of adult-use cannabis. Mr. Dosanjh commented, “Over the past two years at the LCBO, I became immersed in the Canadian cannabis industry and gained an in-depth knowledge and understanding … Continue reading