News

Jacksam Corporation and MainStem Announce Partnership and Distribution Agreement to Feature Convectium Shark 710 Filling Machines, 710 Captain Capping Machines and Convectium Cartridges on MainStem’s Leading B2B Purchasing Platform

July 23, 2019

RANCHO SANTA MARGARITA, Calif.–(BUSINESS WIRE)–Jacksam Corporation (OTCQB: JKSM) (the “Company” or “Jacksam/Convectium), a workflow automation company focused on developing machinery and equipment solutions for the cannabis and CBD industry, announced today that the Company has signed a Distribution Agreement with MainStem, Inc, the leading marketplace for ancillary products & centralized purchasing. MainStem’s online platform, with…

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Florida Hemp Council Launches

July 23, 2019

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–The Florida Hemp Council (FLHC ) has been formed by representatives of industry leaders: Blue Moon Hemp, Blume Hemp, Evello Global, Evio Labs, GenCanna Global, Green Roads, Mission Lago Farms, Natural Life and Veritas Farms. The Florida Hemp Council is a working group of farmers, processors, manufacturers, wholesalers, retailers and professionals dedicated…

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Tenet Concludes Conifer Strategic Review Process and Plans to Complete a Tax-Free Spin-Off of the Business by the End of the Second Quarter of 2021

July 24, 2019

DALLAS–(BUSINESS WIRE)–Tenet Healthcare Corporation (NYSE: THC) today announced its intention to pursue a tax-free spin-off of its Conifer business as a separate, independent publicly traded company. The company expects to complete the spin-off by the end of the second quarter of 2021. This announcement is the culmination of the Conifer strategic review process announced in…

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Halcyon Thruput, LLC to Open in Hopkinsville, Kentucky Qualified Opportunity Zone

July 24, 2019

FORT WORTH, Texas–(BUSINESS WIRE)–OZ Capital, LLC (“OZ Capital”) is pleased to announce its initial Qualified Opportunity Zone investment in Halcyon Thruput, LLC (“Halcyon”). Halcyon, located in Hopkinsville, KY is a post-harvest, midstream drying and processing facility for the recent federally legalized hemp crop. The business expects to bring more than thirty jobs to the Hopkinsville…

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DionyMed Announces Close of Acquisition with Innovative Industrial Properties for MMAC’s 1.83 acre Los Angeles Campus

July 24, 2019

TORONTO–(BUSINESS WIRE)–DionyMed Brands Inc. (“DionyMed” or “Company”) (CSE: DYME) (OTCQB: DYMEF), a multi-state cannabis brands platform, today confirmed the official close of its previously announced acquisition of select assets from MM Esperanza 2 LLC, doing business as “MMAC,” and MMAC’s 1.83 acre Los Angeles cannabis campus, including retail, distribution, manufacturing and cultivation licenses, for the…

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Harvest Health & Recreation Expands Footprint with Acquisition of Phoenix Operator Urban Greenhouse

July 24, 2019

PHOENIX–(BUSINESS WIRE)–Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) (“Harvest”), a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., announced today the acquisition of Phoenix operator Urban Greenhouse. The agreement advances the company’s expansion and market penetration efforts across Arizona, adding operations of the Urban Greenhouse medical…

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Global Two-wheeler Brake Pads Market 2019-2023 | Development of Green Brake Pads to Boost Growth | Technavio

July 24, 2019

LONDON–(BUSINESS WIRE)–The global two-wheeler brake pads market is expected to post a CAGR of over 9% during the period 2019-2023, according to the latest market research report by Technavio. A key factor driving the growth of the market is the increasing adoption of disc brakes. The increasing demand for safety among consumers has boosted the…

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Turning Point Brands Invests in Distribution Partnership in Canada

July 24, 2019

LOUISVILLE, Ky.–(BUSINESS WIRE)–Turning Point Brands, Inc. (NYSE: TPB), a Kentucky-based industry leading marketer of Other Tobacco Products (OTP) and adult consumer alternatives, announced today it has invested $3 million for a 30% stake in ReCreation Marketing (“ReCreation”), a Canadian distribution entity. ReCreation is a specialty marketing and distribution firm focused on building brands in the…

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Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against CannTrust Holdings Inc.

July 24, 2019

NEW YORK–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLP (http://www.rgrdlaw.com/cases/canntrust/) today announced that a class action has been commenced on behalf of purchasers of CannTrust Holdings Inc. (NASDAQ:CTST) common stock during the period between February 25, 2019 and July 12, 2019 (the “Class Period”). This action was filed in the Southern District of New York and…

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POSaBIT Announces Updated Brokered Private Placement

July 24, 2019

TORONTO–(BUSINESS WIRE)–POSaBIT Systems Corporation (CSE: PBIT) (“POSaBIT” or the “Company”) is releasing an update to its previously announced brokered private placement with a syndicate, led by Canaccord Genuity Corp. (the “Agent”) to sell, by way of a private placement on a “commercially reasonable efforts” basis, units (the “Units”) of the Company at a price of…

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Global Yerba Mate Market 2019-2023 | Rising Prominence of CBD to Boost Growth | Technavio

July 25, 2019

LONDON–(BUSINESS WIRE)–The global yerba mate market is expected to post a CAGR of close to 4% during the period 2019-2023, according to the latest market research report by Technavio. A key factor driving the growth of the global yerba mate market size is the growing consumer awareness about the health benefits of yerba mate. Yerba…

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Sproutly Cannabis Cultivation Results Outperforms Original Design Capacity by 50% in the Three Month Period Ended June 30

July 25, 2019

VANCOUVER, British Columbia–(BUSINESS WIRE)–Sproutly Canada, Inc. (CSE: SPR) (OTCQB: SRUTF) (FSE: 38G) (“Sproutly” or the “Company”) is pleased to provide an update on its recent cannabis production results at its wholly-owned subsidiary Toronto Herbal Remedies Inc. (“THR”). Cannabis Production Results Highlights: Total dry cannabis flower output to date is 298kg versus design capacity of 199kg…

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