Author : Gayan Welgama

Cannabis companies failed their first big test, now they have a second chance

Gayan Welgama
After the first nearly full quarter of recreational cannabis sales, the world’s largest pot producers had a shot to prove they belonged among blue-chip stocks. They mostly failed. For a sector crawling toward legitimacy, the first crop of recreational cannabis earnings did little to dispel longstanding clichés about those involved...

Supreme Cannabis’ 7ACRES Facility Approved for Additional 50,000 Square Feet of Production Capacity

Gayan Welgama
Licensed space at 7ACRES increases to 230,000 sqft. Target annual production capacity is estimated to increase by 28% to approximately 33,580kg. Supreme Cannabis expects to submit additional rooms for Health Canada approval in the near term. TORONTO, May 13, 2019 /PRNewswire/ – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE)...

Indus Holdings, Inc. Acquires Humble Flower Co. Oils And Lotions To Portfolio Of Award-Winning Brands

Gayan Welgama
Cannabis-infused skin products available at licensed dispensaries and retailers throughout California SALINAS, Calif., May 8, 2019 /PRNewswire/ — As part of its ongoing commitment to provide access to the most innovative and useful cannabis products on the market, Indus Holdings, Inc. (CSE:INDS) has acquired the assets and global rights and business of Humble Flower...

Pet Parents Embrace CBD Products in Growing Pet Supplements Market, reports Packaged Facts

Gayan Welgama
ROCKVILLE, Md., May 8, 2019 /PRNewswire/ — From notable market growth to the expanding presence of CBD (cannabidiol) products, these are exciting and innovative times for the pet supplements industry, according to market research firm Packaged Facts in the brand new report Pet Supplements in the U.S., 7th Edition. Packaged Facts research reveals that...

Asia’s Medicinal Cannabis Market Could Be Worth Over $US5.8 Billion by 2024 – Prohibition Partners

Gayan Welgama
LONDON, May 8, 2019 /PRNewswire/ — The Asian medical cannabis market will be worth an estimated US$5.8 billionby 2024, the world’s leading market intelligence and strategic consultancy firm Prohibition Partners has found in its latest report. According to analysis, if legislation is introduced in a number of the continent’s major markets, this estimate could quadruple by 2027....

Canopy Growth announces offtake agreement with PharmHouse

Gayan Welgama
SMITHS FALLS, ON, May 9, 2019 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NYSE: CGC) is pleased to announce today that has signed an offtake agreement with PharmHouse Inc. (“PharmHouse”), a 49 per cent-owned joint venture of Canopy Rivers Inc. (TSXV: RIV) (OTC: CNOPOF). Under the terms of the...

Medical Marijuana, Inc. Announces April 2019 as the Largest Sales Bookings Month in Company History

Gayan Welgama
SAN DIEGO, May 9, 2019 /PRNewswire/ — Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, today announced that the company had its the largest-ever (unaudited) sales bookings month in its history in April 2019. The company also reached major milestones in its business operations. “We are proud to announce our...

Medical Marijuana, Inc. Subsidiary Kannaway® Unveils New CBD Coffee and Tea Pods

Gayan Welgama
SAN DIEGO, May 7, 2019 /PRNewswire/ — Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, today announced that its subsidiary Kannaway® has released its new Single-Serving Coffee and Tea Pods, infused with 10 mg of hemp-derived cannabidiol (CBD) per pod. Kannaway® French Roast Coffee cups are made with 100...

Cannassure Completes Their Medical Cannabis Analytical Method Development and Validation in Accordance With the Israeli Medical Cannabis Agency (IMCA) Requirements

Gayan Welgama
ASHDOD PORT CITY, Israel, May 7, 2019 /PRNewswire/ — Cannassure Therapeutics (TASE: CSURE) announces another company milestone as they successfully complete their medical cannabis analytical method development and validation, in accordance with IMCA requirements. The activity was conducted in the company’s laboratory, led by Dana Marom, VP QA, and performed by the highly skilled Cannassure R&D and...

Lifestyle Delivery Systems’ Subsidiary, CSPA Group, Inc., Has Been Approved by the Bureau of Cannabis Control for a Provisional California State Transportation and Distribution License English

Gayan Welgama
VANCOUVER, British Columbia, May 8, 2019 /PRNewswire/ — Lifestyle Delivery Systems Inc. (CSE: LDS), (OTCQB: LDSYF) and (Frankfurt: LD6, WKN: A14XHT) (“LDS” or the “Company”) announces that on May 7, 2019, the Bureau of Cannabis Control approved CSPA Group, Inc. for a Provisional Transportation and Distribution License. This provisional license is the last step...