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Beleave Announces Strategic Alliance Agreement with Rollins Group to Open and Operate Cannabis Retail Stores Across Canada
TORONTO, Nov. 9, 2018 /CNW/ - Beleave Inc. (CSE: BE) (OTCQX: BLEVF) ("Beleave" or the "Company") is pleased to announce it has entered into a Strategic Alliance Agreement (the "Agreement") with the Rollins Group Inc. ("Rollins") to open and operate cannabis retail stores across Canada.
Rollins will apply for cannabis retail sales licenses across the country to open and operate cannabis retail stores. Beleave is supporting Rollins to secure lease covenants for all planned locations. Rollins will be responsible for managing the day-to day operations of the stores.
Key Takeaways of the Agreement:
Beleave and Rollins have created a Joint Relationship Committee to review the growth and performance of the retail locations, comprised of Andrew Wnek, CEO of Beleave, Bojan Krasic, President & CFO of Beleave, and David Shekthter and Daniel Stern, the principal partners at Rollins.
KELOWNA, BC, Nov. 9, 2018 /CNW/ - GTEC Holdings Ltd. (TSXV: GTEC) (OTC: GGTTF) ("GTEC" or the "Company") is pleased to announce that its wholly owned subsidiary, Alberta Craft Cannabis Inc ("ACC") received its updated license on November 8th, 2018 in accordance with Health Canada's Cannabis Act and Cannabis Regulations, which had previously been issued under the Access to Cannabis for Medical Purposes Regulations ("ACMPR").
Effective immediately, Alberta Craft Cannabis is authorized to sell cannabis in accordance with subsection 11(5) of the Cannabis Regulations, which include the following activities:
Since its debut on the TSX Venture Exchange on June 22, 2018, the Company has entered into strategic partnerships with the following Licensed Producers:
Green Growth Brands CEO Peter Horvath to speak at Arcview's International Investor Forum in Las Vegas
COLUMBUS, OH, Nov. 9, 2018 /CNW/ - Green Growth Brands (GGB) announced today that CEO Peter Horvath will be a key speaker at Arcview's International Investor Forum. GGB is the Marquee Sponsor of the event, being held in Las Vegas on November 11-13, 2018. The Arcview Group is the largest group of high net worth cannabis investors, and the International Investor Forum brings together accredited investors with publicly listed cannabis companies.
Mr. Horvath will host a tour of GGB's best-in-class cannabis dispensary, The Source, on Sunday. On Monday, Mr. Horvath will address the forum as a Presenting Speaker, and will also participate in an event panel, lending his retail and branding expertise to the group. Green Growth Brands is also sponsor of the Forum after-party, hosting over 500 industry investors and insiders.
About Green Growth Brands Green Growth Brands is a lifestyle-oriented, consumer products company that celebrates health, wellness and happiness. GGB is focused on the cannabis and CBD sectors in both the United States and Canada and is using proven retail methodologies to create and market a portfolio of lifestyle brands. GGB is led by the widely-renowned retailer Peter Horvath.
SOURCE Green Growth Brands
Green Growth Brands (CNW Group/Green Growth Brands)
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LOS ANGELES, Nov. 9. 2018 /CNW/ - MedMen Enterprises Inc. (CSE:MMEN)(OTCQX: MMNFF) ("MedMen" or the "Company"), is pleased to announce that it has entered into a letter of engagement with Canaccord Genuity Corp. ("Canaccord"), under which Canaccord has agreed to purchase, as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively with Canaccord, the "Underwriters") 17,648,000 units of the Company (the "Units"), on a "bought deal" basis pursuant to the filing of a short form prospectus, subject to all required regulatory approvals, at a price per Unit of $6.80 (the "Issue Price") for gross proceeds of $120,006,400 (the "Offering").
The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 2,647,200 of the Units at the Issue Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. The over-allotment option may be exercised to acquire Units, Class B Shares, and/or Warrants (as defined below) of the Company. If this option is exercised in full, an additional $18,000,960 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be approximately $138,007,360.
Each Unit will be comprised of one Class B Subordinate Voting Share of the Company (each, a "Class B Share") and one-half of one Class B Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant shall entitle the holder thereof to purchase one Class B Share at an exercise price of $10.00, subject to adjustment in certain events, for a period of 36 months following the closing of the Offering.
The Company intends to use the net proceeds of the Offering for working capital and other general corporate purposes.
TORONTO, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Wayland Group (CSE:WAYL) (FRANKFURT: 75M) (OTCQB:MRRCF) (“Wayland” or the “Company”) is pleased to announce it has completed a definitive joint venture agreement with CBD Italian Factory S.S., a company of Group San Martino for the production of high quality cannabis products in Italy.
The joint venture will marry the best of both entities with world-leading technology by Rockwell Automation paired with existing infrastructure in Piedmont, Italy, which includes agricultural expertise and biogas electricity. This will allow the sustainable production of quality CBD and THC products from a naturally derived fuel source.
CBD Italian Factory S.S. and San Martino Group will bring mass-scale agricultural skills to the joint venture with a focus on local sustainable practices and expertise in Biomass Energy production. The joint venture will be a split of 50.1% (Wayland)/49.9% (CBD Italian Factory) with Massimiliano Umberto Signorini assuming the role of CEO for the new company.
Wayland Group has identified that Europe is an important market for cannabis with over 742 million people and combined gross domestic product of EUR 15.3 trillion with the cannabis market forecast to be worth EUR 115.7 billion by 2028.i The Company is familiar with and able to navigate the strict European regulatory framework and complex licensing process, as proven by EU-GMP certification of its Canadian facilities. The Company believes that joint ventures such as this are key to gaining first mover advantage in a growing market through working with trusted in-country partners to gain speed to market.
“We are now well positioned in the Italian market for CBD and potential THC production. We are proud to partner with Umberto Signorini to build on the strong business and agricultural platform they have established in Milan and Piedmont.” said Ben Ward, Chief Executive Officer of Wayland.
VANCOUVER, Nov. 9, 2018 /CNW/ - INVICTUS MD STRATEGIES CORP. ("Invictus" or the "Company") (TSXV: GENE; OTCQX: IVITF; FRA: 8IS1) and Poda Technologies Ltd. ("Poda") are pleased to announce the completion of the plan of arrangement to give effect to the spinout transaction (the "Arrangement"), as previously announced on August 21, 2018. The arrangement agreement between Invictus and Poda dated September 10, 2018, sets out the terms of the Arrangement. The Arrangement was voted on and approved by the Company's shareholders at its 2018 Annual General and Special Meeting of Shareholders, held on October 18, 2018.
Computershare Investor Services Inc. (the "Depositary") will forward to each registered Invictus Shareholder a letter of transmittal containing instructions with respect to the deposit of common shares of Invictus (the "Old Invictus Shares") with the Depositary for use in exchanging their Invictus common share certificates for certificates representing the post-Arrangement Invictus common shares ("New Invictus Shares") and Poda Class A common shares (the "Poda Shares"), to which they are entitled under the Arrangement. Upon return of a properly completed letter of transmittal, together with certificates formerly representing Invictus Shares and such other documents as the Depositary may require, certificates for the appropriate number of New Invictus Shares and Poda Shares will be distributed.
Holders of outstanding Invictus warrants ("Warrants") immediately prior to the effective date of the Arrangement (the "Effective Date") will receive, upon exercise of each such Warrant at the same original exercise price, one New Invictus Share and one Poda Share, in lieu of the one Old Invictus Share that was issuable upon exercise of such Warrant, immediately prior to the Effective Date.
For more information, see the Company's Information Circular dated September 14, 2018, which is available on the Company's website at www.invictus-md.com and under the Company's SEDAR profile at www.sedar.com.
On Behalf of the Board, George E. Kveton CEO and Director
EDMONTON, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI) today announces that all resolutions were passed by the requisite majority at its annual general meeting (“AGM”) held in Edmonton, Alberta, on November 7, 2018.
At the AGM, shareholders voted in favor of setting the number of directors at ten (10) and the following incumbent directors were re-elected: Denis Taschuk, Mike Cabigon, Harry Kaura, Steven Dauphin, Francesco Ferlaino, Dimitris Tzanis, Jith Veeravalli, Jan Petzel, Steven Splinter and Terry Booth. Further, shareholders approved the Company’s stock option plan and approved the re-appointment of Grant Thornton LLP as auditors of the Company for the ensuing year.
Following the AGM, the board of directors of Radient re-appointed Denis Taschuk as CEO and President, Prakash Hariharan as CFO, and Mike Cabigon as COO.
A total of 59,732,647 common shares were represented at the AGM, representing 22.95% of the issued and outstanding Radient common shares. Radient would like to thank its shareholders for their participation and continued support.
Shares for Debt Transaction
IRVINE, Calif., Nov. 08, 2018 (GLOBE NEWSWIRE) -- Terra Tech Corp. (OTCQX: TRTC) (“Terra Tech” or the “Company”), a vertically integrated cannabis-focused agriculture company, today announced its Third Quarter financial results for the period ended September 30, 2018.
“During the third quarter of 2018 we implemented several strategic initiatives intended to drive long term growth and build value for shareholders,” commented Derek Peterson, Chief Executive Officer of Terra Tech. “We invested in our organic growth by working toward upgrading our IVXX® production facilities to optimize efficiency and output at our wholesale business. While this transition impacted revenues in the short term, these steps will allow us to increase production and achieve greater distribution throughout California, building a more defensible and scalable long term business model. To also position the IVXX brand for larger-scale sales and distribution within Nevada, we commenced cultivation activities at our Sparks, Nevada facility, which we own 50% in conjunction with NuLeaf. This was shortly followed by the commencement of IVXX production activities at our new Reno, Nevada facility, also co-owned by NuLeaf, which occurred late in the third quarter.
“Furthermore, we took several steps to streamline the operations of our Blüm™ retail dispensaries and maximize their potential sales growth. In particular, we sold our Western Avenue, NV, location and purchased a retail property in the heart of the booming Downtown Las Vegas trade area, which we plan to convert the building into a Blüm™ retail dispensary. In California, we continue to work toward completing the build out of vertically integrated cannabis facilities in San Leandro and Santa Ana, and were pleased to secure three vertically-integrated Phase I permits for the properties in Santa Ana,” continued Mr. Peterson.
“Not only is the U.S. market experiencing rapid growth, the emerging international opportunity is also becoming more and more evident. We are committed to advancing the business so that it is ready and able to be a market leader in this booming legal cannabis industry. To more rapidly grow our business to achieve the size and reach needed to take advantage of the major opportunity before us, we have been aggressively exploring potential M&A opportunities that can bring scale, new brands and product diversification to the business.
“To this end, we signed a non-binding letter of intent to merge with Golden Leaf Holdings subsequent to the quarter end. Golden Leaf operates seven retail stores, six of which operate under the “Chalice Farms” brand, in Golden Leaf’s home market, Oregon, as well as indoor/outdoor cultivation and production facilities. It also has a wide selection of wholesale products including cannabis infused “Golden” fruit chews, “Golden Tinctures” offered in orange, cherry, mint and strawberry flavors, “Golden Private Stash” distillate vape cartridges, and its Golden CBD product lines. Moreover, combining forces with Golden Leaf would give us an entry point into Canada’s market, strengthen our position in Nevada and enable us to benefit from multiple operational synergies, including product line synergies such as economies of scale and improved purchasing power,” concluded Mr. Peterson
VANCOUVER, British Columbia, Nov. 08, 2018 (GLOBE NEWSWIRE) -- ICC Labs Inc. (the Company or ICC) (TSX-V: ICC) is pleased to announce that the Supreme Court of British Columbia has issued a final order (the Final Order) approving the plan of arrangement (the Arrangement) between ICC and Aurora Cannabis Inc. (Aurora) (TSX: ACB, NYSE: ACB). Subject to the terms and conditions of an arrangement agreement between ICC and Aurora dated September 8, 2018 (the Arrangement Agreement), Aurora will acquire all of the issued and outstanding common shares of ICC (ICC Shares). Obtaining the Final Order is one of the conditions to completing the Arrangement.
Receipt of the Final Order follows the special meeting of shareholders of ICC (ICC Shareholders) on November 6, 2018 wherein approximately 98.74% of votes cast by all of the ICC Shareholders eligible to vote at the Meeting voted in favour of a special resolution to approve the Arrangement.
If the Arrangement becomes effective, each ICC Shareholder will receive $1.95 per ICC Share, payable in common shares of Aurora (the Aurora Shares) valued at the volume-weighted average trading price of Aurora Shares on the Toronto Stock Exchange (the TSX) during the twenty trading day period ending on the second to last trading day on the TSX immediately prior to the date the Arrangement is completed pursuant to the terms of the Arrangement Agreement and as further described in ICC’s management information circular (the Circular) in respect of the Arrangement, a copy of which is available under ICC’s profile on SEDAR at www.sedar.com.
Completion of the Arrangement remains subject to other customary closing conditions, including the receipt of certain Uruguayan regulatory approvals. All requested documents have been submitted to the relevant Uruguayan authorities to apply for such approvals and a response is currently being awaited. Assuming that the conditions to closing are satisfied or waived, it is expected that the Arrangement will be completed in the fourth quarter of 2018.
EDMONTON, Nov. 8, 2018 /CNW/ - Aurora Cannabis Inc. ("Aurora" or the "Company") (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM), today announced that it has scheduled its conference call to discuss the results for its first quarter ended September 30, 2018. The call will be hosted on Monday, November 12th, 2018 at 10:30 a.m. Eastern Time by Terry Booth, Chief Executive Officer, Glen Ibbott, Chief Financial Officer, and Cam Battley, Chief Corporate Officer followed by a question and answer period.
CONFERENCE CALL DETAILS
Monday, November 12th, 2018