News

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the cannabis testing market and it is poised to grow by USD 1.03 billion during 2020-2024, progressing at a CAGR of almost 13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Technavio suggests three…

POSaBIT Enters Alaska Market, Expects Rapid Expansion in 2020

SEATTLE–(BUSINESS WIRE)–POSaBIT Systems Corporation (CSE: PBIT), a leading financial technology company that provides unique payment processing solutions for cash-only businesses with a focus on those within the Cannabis industry, has introduced their industry leading point of sale system in Alaska. POSaBIT’s entry into Alaska signifies a continued focus on geographical expansion as they build out…

Bluma Wellness Inc. Subsidiary One Plant Florida to Open New Dispensary and Delivery Hub Location in Port St. Lucie

TORONTO–(BUSINESS WIRE)–Bluma Wellness Inc. (the “Company” or “Bluma Wellness”) (CSE: BWEL.U) is pleased to announce that its subsidiary company, One Plant Florida (“One Plant”), is set to open its latest dispensary retail location and delivery hub in Port St. Lucie, Florida. The store is expected to open on June 26, 2020, subject to the receipt…

Cannabis Science and Technology® Partners with Marijuana Business Daily® to Kick Off Virtual Events for Hemp and Cannabis Industry Executives

CRANBURY, N.J.–(BUSINESS WIRE)– #MJBizConNEXT–Cannabis Science and Technology® has partnered with Marijuana Business Daily® to host an extraction meetup on Tuesday, June 30 from 3-4 p.m. MDT at its 2020 MJBizConNEXT Direct and Hemp Industry Daily Conference Direct concurrent virtual conferences and expos. The conferences, originally planned as in-person events, were transitioned to a virtual format…

Biuma Wellness Inc. Subsidiary One Plant Florida to Open New Dispensary and Delivery Hub Location in Port St. Lucie

Cresco Labs Announces Retirement of Ken Amann and Appointment of Dennis Olis as Chief Financial Officer

CHICAGO–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that Ken Amann, who has been the Company’s Chief Financial Officer since 2015, is retiring effective December 31, 2020. As part of a planned transition, the Company also appointed Dennis Olis…

Sproutly Announces Resignation of Board Members

VANCOUVER, British Columbia–(BUSINESS WIRE)–Sproutly Canada, Inc. (CSE: SPR) (OTCQB: SRUTF) (FSE: 38G) (“Sproutly” or the “Company”) announced today that Justin Kates and Michael Bellas have resigned from the Board of Directors, effective June 22, 2020. Mr. Bellas will remain a trusted advisor to the CEO, Dr. Arup Sen. As part of the Company’s Business Transformation…

Data Communications Management Corp. Announces First Quarter Financial Results For 2020

BRAMPTON, Ontario–(BUSINESS WIRE)–DATA Communications Management Corp. (TSX: DCM): FIRST QUARTER 2020 COMPARISON TO Q1, 2019 AND Q4, 2019: First Quarter Highlights (vs. Q1, 2019) First Quarter Highlights (vs. Q4, 2019) Revenue of $77.4 million, compared to $78.5 million Revenue of $77.4 million, compared to $71.5 million Cost of sales of $55.8 million, compared to $57.8…

Xtraction Services Announces Name Change to XS Financial Inc., Effective June 26, 2020

LOS ANGELES–(BUSINESS WIRE)–Xtraction Services Holding Corp., (“Xtraction Services”, “XS” or the “Company”) (CSE: XS) (OTCQB: XSHLF) a specialty finance company engaged in equipment leasing in the United States, is pleased to announce a name change to XS Financial Inc. Effective at the start of trading on Friday June 26, 2020, XS Financial Inc. will commence…

“The Gold Standard” in THC Distillate Returns to California: The Clear™ Original is Coming Back to Its Birthplace

LOS ANGELES–(BUSINESS WIRE)–Clear Cannabis, Inc. is announcing the return of The Clear™ THC distillate in California. Clear Cannabis, Inc. owns and operates some of the most well-known brands in legal cannabis markets across the U.S., and is bringing back The Clear’s original Lobster Butter distillate with a highly limited release of Elite cartridges, now available…

Genomind Mental Health Map: First-Ever Consumer DNA Test to Unlock the Connection Between Genetics and Mental Wellness-Related Behavioral Tendencies, Offers “How-To” Guidance to Improve Mental Health and Wellness

KING OF PRUSSIA, Pa.–(BUSINESS WIRE)–Genomind®, a leading mental health company, today announced the official launch of Genomind® Mental Health Map™. This unique product is the most comprehensive direct-to-consumer test focused solely on genetics, traits, and predispositions associated with mental health and wellness. Genomind has curated an extensive portfolio of mental health-related genetics expertise to develop…

Stillwater Brands Launches Ripple QuickSticks, the Newest Way to Consume Fast-Acting Cannabis with Powder and Precision

June 23, 2020

DENVER–(BUSINESS WIRE)–Stillwater Brands (the “Company”), leader in cannabis dissolvables and edibles, launched its latest product innovation: Ripple QuickSticks. Ripple QuickSticks come in single-serve packets of flavored powder that dissolve directly on the tongue. A brand-new offering, the powders are available in three flavors with different THC:CBD ratios. Known for its original Ripple Dissolvables, a flavorless…