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FSD Pharma Receives License to Sell to Other Licensed Producers and Expands Growth Production Footprint
CSE: HUGE OTCQB: FSDDF FRA: 0K9
TORONTO, Nov. 13, 2018 /CNW/ - FSD Pharma Inc. ("FSD Pharma" or the "Company") (CSE: HUGE) (OTCQB: FSDDF) (FRA: 0K9) announced today that the license of its wholly-owned subsidiary, FV Pharma Inc. ("FV Pharma") under the Access to Cannabis for Medical Purposes Regulations ("ACMPR") has been migrated to the Cannabis Act and its regulations, effective November 8, 2018. The issuance of the new cannabis license includes the ability to sell cannabis to other licensed producers in accordance with subsection 11(5) of the Cannabis Regulations.
As of November 7, 2018, FV Pharma also received license amendments approving all of the remaining 25,000 square feet currently built out for additional grow and operations. The Company continues to move aggressively to achieve its next significant development of a further production footprint of 220,000 square feet.
Thomas Fairfull, President, CEO and Founder of FV Pharma stated "The migration of the Company's license, with the ability to sell under subsection 11(5) of the Cannabis Regulations, along with the recent addition of grow and operation areas to its existing license, brings the Company to the verge of readiness for a pre-sale inspection and obtaining of a full sales license from Health Canada."
About FSD Pharma
TORONTO, Nov. 13, 2018 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX: TGOD) (US:TGODF) reported its financial and operational results for the third quarter of fiscal 2018, ended September 30th, 2018. These filings are available for review on the Company's SEDAR profile at www.sedar.com
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COLUMBUS, OH, Nov. 13, 2018 /CNW/ - Xanthic Biopharma Inc. d.b.a. Green Growth Brands (CSE: GGB) ("GGB" or "the company") will make its trading debut on the Canadian Securities Exchange (CSE) at today's market open under the ticker symbol "GGB". The highly-anticipated listing on the CSE represents the completion of the reverse takeover (RTO) announced by the Company in July 2018.
"Our listing on the Canadian Securities Exchange represents a significant milestone in the journey of building Green Growth Brands," said Peter Horvath, CEO of GGB's operating entity. "The transition to a publicly-traded company will benefit our current investors, give new investors a chance to join us and provide the Company with the currency to facilitate our aggressive growth plan."
"Our team has run multi-billion dollar businesses, operating as number ones in their respective categories, competing for customers in saturated mature markets. We're eager to do it again in the burgeoning North American cannabis industry," continued Horvath.
Petro Vista Energy Corp. Enters Into Definitive Agreement with 3 Sixty Secure Corp. and Total Cannabis Security Solutions Inc.
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./
VANCOUVER, Nov. 13, 2018 /CNW/ - Petro Vista Energy Corp. (NEX: PTV.H) ("Petro Vista") announces that it has entered into a definitive agreement dated November 9, 2018 (the "Definitive Agreement") with 3 Sixty Secure Corp. ("3Sixty"), a privately held corporation existing under the provisions of the Business Corporations Act (Ontario) (the "OBCA") and Total Cannabis Security Solutions Inc. ("TCSS"), a privately held corporation existing under the provisions of the OBCA, in furtherance of Petro Vista's proposed business combination (the "RTO Transaction") with an amalgamated corporation ("Amalco") resulting from the prior amalgamation of 3Sixty and TCSS (the "PrivateCo Amalgamation"), all as previously disclosed in Petro Vista's news release dated September 20, 2018, a copy of which, along with the Definitive Agreement, is available on Petro Vista's company profile at www.sedar.com.
Pursuant to the terms of the Definitive Agreement, a special-purpose subsidiary of Petro Vista will amalgamate with Amalco under the OBCA (the "PubCo Amalgamation") and Petro Vista (then, the "Resulting Issuer") will carry on the business of 3Sixty and TCSS under the name "3 Sixty Secure Corp.".
Immediately prior to the completion of the PubCo Amalgamation, Petro Vista will consolidate all of its issued and outstanding common shares ("Petro Vista Shares") on the basis of one post-consolidation Petro Vista Share for every two pre-consolidation Petro Vista Shares. At the effective time of the PubCo Amalgamation (the "Effective Time"), each issued Amalco common share will be cancelled and replaced by one common share in the capital of the Resulting Issuer (a "Resulting Issuer Share") and all other outstanding convertible securities of Amalco will become exercisable for Resulting Issuer Shares in accordance with the terms of the Definitive Agreement.
TORONTO, Nov. 13, 2018 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSXV: FIRE) (OTCQX: SPRWF) (FRA: 53S1), announced today that it has entered into a definitive agreement to acquire leading communications and stakeholder relations firm Bayfield Strategy, Inc. ("Bayfield"). Bayfield's CEO, founder and shareholder, Riyaz Lalani, will be appointed to the position of Chief Corporate Officer ("CCO") of the Company where he will help shepherd the Company through its next stage of growth as a leading premium cannabis producer in the world. Bayfield's employees will enter into employment agreements with Supreme Cannabis and assume a variety of roles in corporate operations and stakeholder relations.
Over the last two decades, Mr. Lalani has advised public companies, boards of directors, private equity funds and hedge funds across North America. Prior to founding Bayfield, Mr. Lalani was the Chief Operating Officer of the leading shareholder services firm in Canada. Beforehand he was the head of research for an international asset manager in New York and Toronto, focused on investments in biotechnology, life sciences, resources, and a variety of other industry sectors. Mr. Lalani will contribute a unique and diverse experience set that encompasses capital allocation, strategic communications, and operational execution.
"Over the past year we have come to appreciate the vision, sophistication and enthusiasm of the Supreme Cannabis team, and the extraordinary leadership of Navdeep Dhaliwal and John Fowler. The mission and positioning of Supreme Cannabis in one of the most exciting new industries in the world was an opportunity we could not pass up," said Riyaz Lalani, CEO of Bayfield. "I believe it speaks volumes that in Bayfield's best year ever, our team believed so strongly in Supreme Cannabis' mission and growth prospects that we jumped on the opportunity to join their team full-time."
"I am excited to welcome the Bayfield team to Supreme Cannabis. We have worked closely with Bayfield and have come to trust their advice, work ethic, and values. As we enter an exciting growth stage for the Company and the global cannabis industry, we will benefit from the infusion of skills and experience brought by the Bayfield team. Supreme's acquisition of Bayfield and our retention of Riyaz Lalani as our new CCO, will support our growth efforts for Supreme's businesses in Canada and internationally," said Navdeep Dhaliwal, CEO of Supreme Cannabis.
Increased Revenues 186% and Kilograms Sold 213% Year-over-Year
Licensed and Commenced Cultivation in Building 4
Announced Landmark Partnership with Ginkgo Bioworks to Produce Cultured Cannabinoids
Launched Mainstream Recreational Brand Spinach™
Created NatuEra, the First Cannabis CMO in Latin America and Received Non-Psychoactive Plant License
Enabling specialty Brock Street-branded beers brewed from cannabis to be sold in both alcohol and legal marijuana markets
TORONTO, Nov. 13, 2018 /CNW/ - Province Brands of Canada — the Canadian company developing the world's first beers brewed from the cannabis plant, including nonalcoholic beers which intoxicate using THC and other phytocannabinoids (to be released only when and where the sale of marijuana beverages are permitted by law) and Cambridge Bay Imperial Pilsner , a first-of-its-kind, 7% ABV imperial pilsner brewed from hemp in place of barley (which does not contain marijuana) — announces a co-packing and licensing agreement with Brock Street Brewing Company, an award-winning craft brewery in Whitby, Ontario.
The agreement will allow Brock Street Brewing Company to license Province Brands of Canada's patent-pending technology to launch two new beers under Brock Street Brewing Company. The first will be an alcohol beer brewed from hemp (which contains no marijuana) and the second will be a nonalcoholic beer brewed from cannabis, which intoxicates using THC and other phytocannabinoids. The cannabis-brewed beer will be brewed at Province Brands of Canada's facility only once the manufacture and sale of such products are legalized in Canada.
Over the past two years, Province Brands of Canada has developed a patent-pending process for brewing a premium beer from the cannabis plant. The first step in the brewing process, milling and "mashing" (i.e. saccharifying or extracting fermentable sugars from the cannabis plant) requires specialized equipment which would not be found in a normal brewery. Regardless of whether the starting material is hemp (the parts of the hemp plant used by Province Brands are not a controlled substance in Canada) or marijuana (a controlled substance in Canada, regulated under the Cannabis Act) the process is essentially the same except that when the beer is brewed from cannabis, the alcohol is removed prior to sale.
"We are so excited to partner with Province Brands to perfect innovative craft beers at our new state-of-the-art brewery in downtown Whitby. Over the next year these new beers will be brewed from hemp using Province Brands' unique technology, and we look forward to incorporating craft beers brewed from marijuana into our product lineup once legal," said Mark Woitzik, Co-Founder of Brock Street Brewing Company.
Rubicon Organics Inc.'s 40,000 sq. ft. high-tech Washington Greenhouse Facility Receives Cannabis Licensing
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, Nov. 13, 2018 /CNW/ - Rubicon Organics Inc. (CSE:ROMJ) ("Rubicon Organics" or the "Company"), a premium organic cannabis company with operations in Canada, California and Washington, is pleased to announce that the Washington State Liquor and Cannabis Board ("LCB") has granted a transfer of a tier 3 marijuana producer and processor license under I-502 regulations to the tenant of its 40,000 sq. ft. high-tech greenhouse facility.
The greenhouse tenant is preparing to commence production in the next month and will be utilizing Rubicon Organics' proprietary growing methodology to produce premium quality, organic cannabis at low cost without any chemical fertilizers or pesticides. Rubicon Organics lease payments from the facility commence in 2019.
"Rubicon Organics' Washington Facility is a state of the art, world class cannabis cultivation facility designed by Thomas Larssen Greenhouse Engineering. We look forward to demonstrating that when third party state licensed producers utilize Rubicon Organic's intellectual property for organic cannabis cultivation, they are able to produce ultra-premium quality cannabis at a very low cost base," said Jesse McConnell, Chief Executive Officer of Rubicon Organics.
The Washington Facility
KELOWNA, BC, Nov. 13, 2018 /CNW/ - Valens GroWorks Corp. (CSE: VGW) (OTC: MYMSF) (the "Company" or "Valens"), a multi-licensed, vertically integrated provider of cannabis products and services focused on various proprietary extraction methodologies, distillation, cannabinoid isolation and purification, as well as associated quality testing is pleased to announce it will begin trading, at market open today, on the OTCQB® under the ticker symbol "MYMSF". Quotes and market information are now available at: www.otcmarkets.com/stock/MYMSF/quote
"We are excited to have finalized our new listing on the OTCQB® Marketplace. This new listing, combined with the current work underway to finalize the Company's DTC eligibility, will increase Valens' presence with United States investors, providing increased liquidity to the Company's growing shareholder base," says Tyler Robson, Valens CEO.
Valens' common shares continue to trade on the Canadian Securities Exchange under the symbol "VGW".
About Valens GroWorks
Valens GroWorks Corp. is a research-driven, vertically integrated Canadian cannabis company focused on downstream secondary extraction methodology, distillation and cannabinoid isolation and purification, as well as associated quality testing with three wholly-owned subsidiaries located in and around Kelowna, BC. Subsidiary Valens Agritech ("VAL") holds a standard processing and standard cultivation license class under the Cannabis Act. VAL also has a supply agreement with Canopy Growth Corporation under their extensive CraftGrow distribution network. Subsidiary Valens Labs is an ISO 17025 accredited cannabis testing lab providing sector-leading analytical services and has partnered with Thermo Fisher Scientific to develop a Centre of Excellence in Plant Based Science. Subsidiary Valens Farms is in the process of becoming a purpose-built facility in compliance with European Union (EU) Good Manufacturing Practices (GMP) standards, ensuring the product from this facility can be exported anywhere in the world where Cannabis is nationally legal for medical or adult usage purposes. For more information, please visit http://valensgroworks.com. The Company's investor deck can be found specifically at http://valensgroworks.com/investors/
TORONTO, Nov. 12, 2018 (GLOBE NEWSWIRE) -- Nutritional High International Inc. (“Nutritional High” or the “Company”) (CSE: EAT, OTCQB: SPLIF, FRANKFURT: 2NU) is pleased to announce that it has completed a sale and leaseback financing of certain equipment located at its La Pine, Oregon facility (the “Equipment”) for gross proceeds of $438,407 USD to Veterans Capital Fund II, LP (the “Buyer” or “Veterans”). In addition, Nutritional High issued 156,574 common share purchase warrants (each, a “Warrant”) to the Buyer. Each Warrant entitles the Buyer to purchase one common share in the capital of the Company (a “Common Share”) at a price of $0.70 CDN per Common Shares for a period of 24 months from the date of issuance. The Equipment sold by the Company to the Buyer comprises substantially all of the equipment used by Nutritional High at the La Pine facility.
Pursuant to the agreement with the Buyer, the Company will continue to utilize the Equipment to process a wide range of products under its FLI brand, including its vape cartridges, syringes, and dab. Nutritional High will roll out FLI-branded cannabis-infused edibles including chocolate bars, shots, additional syringe offerings and other innovative products (collectively, the “FLI Edibles”). The FLI Edibles are expected to roll out in Q1 of 2019. The Company has successfully completed the first batch production for laboratory testing through the cold ethanol extraction equipment.
Located in the City of La Pine, 30 miles from scenic Bend, Oregon, the facility is comprised of three contiguous parcels of land totaling and aggregate of 18,295 square feet (0.42 acres) with 4,662 square feet of manufacturing and office space and 540 square feet of mezzanine storage space. Nutritional High completed the facility build-out and was granted a Marijuana Processor License for the facility by the Oregon Liquor Control Commission in early September 2018. With the expansion and development of the facility, the Company is well situated to serve the Portland market as well as smaller centers across the state.
Jim Frazier, CEO of Nutritional High, commented, “The leaseback gives us the flexibility and additional capital to better serve the La Pine Facility, as well as other Nutritional High operations, potential investments and partnerships as the Company grows. We are very excited about the development and production in Oregon and look forward to introducing our flagship FLI-branded products into the state in November." About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing products under recognized brands in the cannabis products industry, with a specific focus on edibles and oil extracts for medical and adult recreational use. The Company works exclusively with licensed facilities in jurisdictions where such activity is permitted and regulated by state law.