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REISSUE - ABcann to Acquire Leading B.C. Producer Canna Farms

2018-07-31 11:00:00

Creating a leading fully-integrated international cannabis company with:

NAPANEE, Ontario and HOPE, British Columbia, July 31, 2018 (GLOBE NEWSWIRE) -- ABcann Global Corporation (TSX-V: ABCN) (OTCQB: ABCCF) (“ABcann” or the “Company”) is pleased to announce that it has entered into a definitive agreement to acquire 100% of the issued and outstanding share capital of Canna Farms Limited (“Canna Farms”), a premium cannabis company in British Columbia (the “Transaction”). Canna Farms was the first Licensed Producer in B.C. and has many years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow. A conference call to discuss the Transaction will take place on Tuesday July 31, 2018 at 9:00 a.m. ET (details below).

“This is a transformational acquisition, and key benefits include increased production capacity, an expanded product offering, operational efficiencies, and a more robust platform to accelerate our growth,” commented Barry Fishman, CEO of ABcann. “We will maximize operational and financial synergies, so that the combined company will be greater than the sum of its parts.”

Transaction Highlights – Combining our Strengths

Transaction Summary

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Radient Announces Closing of Bought Deal Financing Including Exercise in Full of Over-Allotment Option, for Gross Proceeds of $24.84M and Closing of the Initial Tranche of the Non-Brokered Private

2018-07-31 10:00:26

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

EDMONTON, July 31, 2018 /CNW/ - Radient Technologies Inc. ("Radient", or the "Company") (TSX-V: RTI) is pleased to announce that it has closed the bought deal equity financing initially announced June 28, 2018 (the "Offering"). The Company issued 20,700,000 units (the "Units") of the Company (which includes 2,700,000 common shares issued pursuant to the exercise in full of the over-allotment option) at a price of $1.20 per Unit (the "Offering Price") for aggregate gross proceeds of $24,840,000 (the "Offering").

Each Unit consists of one common share in the capital of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant is exercisable to acquire one additional common share (a "Warrant Share") of the Company for a period of two years from the closing date at an exercise price of $1.50 per Warrant Share. If, at any time following the issuance of and prior to the expiry date of the Warrants, the volume weighted average price of Radient's common shares exceeds $2.25 for 20 consecutive trading days, the Company may deliver a notice to the holders of Warrants then outstanding accelerating the expiry date of the Warrants to the date that is 30 days following the date of such notice (the "Accelerated Exercise Period"). Any unexercised Warrants shall automatically expire at the end of the Accelerated Exercise Period. The Warrants will not be listed for trading on the TSXV or any other public exchange.

The Offering was underwritten by a syndicate of underwriters led by Canaccord Genuity Corp. (the "Lead Underwriter") and including GMP Securities L.P. and Laurentian Bank Securities Inc. (together with the Lead Underwriter, the "Underwriters").

In connection with the Offering, the Company has paid the Underwriters a cash commission equal to 6% of the gross proceeds from the Offering (the "Underwriters' Fee"). In addition to the Underwriters' Fee, the Company has issued to the Underwriters compensation options (the "Compensation Options"), exercisable at the Offering Price to purchase 6% of the aggregate number of Units sold.

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Just Kush Commits To CROPSoft Software System

2018-07-31 09:00:00

VANCOUVER, July 31, 2018 /CNW/ - Liberty Leaf Holdings Ltd. (CSE: LIB) (OTCQB: LIBFF) (FSE: HN3P) (the "Company") is pleased to announce that its subsidiary, Just Kush Enterprises Ltd., has entered into a Perpetual Licensing Agreement with InterNexusMedia Ltd. for installation and use of the CROPSoft Software System, a solution which meets ACMPR requirements for seed-to-sale tracking, record keeping and reporting.

CROPSoft is gaining traction as one of the foremost, fully ACMPR-compliant traceability, record keeping and reporting software systems available to Canadian Licensed Producers of cannabis products. CROPSoft offers a complete system of inventory control, supply management, quality assurance, client management, production, post-production, oil, packaging, labelling, shipping, sales and distribution record keeping, reporting, and financial tools designed specifically for the Canadian cannabis industry.

"The selection of CROPSoft is a key step for Just Kush in securing its Affirmation of Readiness required by Health Canada to demonstrate full ACMPR compliance as a Licensed Producer," said Will Rascan, President and CEO of Liberty Leaf.

It offers the ability to manage all aspects of medicinal marihuana production, processing, packaging, labelling and sales, but also involves recreational wholesale and retail cannabis products with the development of a secondary platform; the Cannabis Regulatory Operations Point Of Sale (CROPOS) build on the foundation of CROPSoft.

The Result of Intensive Analysis of Available Options

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Delta 9 Enters Licensing Agreement with Nanosphere Health Sciences

2018-07-31 08:00:30

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/

WINNIPEG, July 31, 2018 /CNW/ - DELTA 9 CANNABIS INC. (TSXV: NINE) ("Delta 9" or the "Company") is pleased to announce it has signed memorandum of understanding (the "MOU") with Nanosphere Health Sciences Inc. (CSE: NSHS) ("Nanosphere"). The MOU provides that Delta 9 and Nanosphere intend to negotiate and enter into a master agreement (the "Agreement") pursuant to which Nanosphere will grant a master license for Nanosphere's patented technology to Delta 9 for all of Canada. Delta 9 may also sub-license the technology to other licensed producers of cannabis under the Access to Cannabis for Medical Purposes Regulations (the "ACMPR").

Nanosphere is a nano-biotechnology company focused on providing next generation delivery of nutritional elements and medications. The company's patented NanoSphere Delivery System™ platform technology addresses the problems of low bioavailability and excessive dosage amounts of a wide range of bioactive compounds, including cannabinoids.

The NanoSphere Delivery System™ provides more bioavailability in comparison to other methods of delivery by transporting essential ingredients directly to the bloodstream and cells. Nanosphere's cannabis brand, Evolve Formulas, currently has products on sale in over 200 dispensaries across Colorado and has signed licensing agreements to bring products to California and Arizona in the coming months. It also holds the patent for delivery of cannabis via phospholipid nanoparticles, as well as a master patent covering its core technology.

"We are very excited to reach this agreement with Nanosphere," said Delta 9 CEO John Arbuthnot. "We believe Nanosphere has developed on of the world's most advanced delivery system for cannabinoids. We believe this partnership will revolutionize the medical use of cannabis in Canada and around the world, and that it also has important applications in the recreational market."

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Canopy Growth Corporation Announces Results of Special Shareholder Meeting

2018-07-31 07:00:00

Acquisition of remaining interest in Canopy Health Innovations also voted on by its shareholders

SMITHS FALLS, ON, July 31, 2018 /CNW/ - Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) ("Canopy Growth" or "the Corporation") is pleased to announce the results of the Special Meeting of Shareholders ("Special Meeting") which took place on July 30, 2018.

At the Special Meeting, Shareholders approved the Amended and Restated Omnibus Incentive Plan (the "OIP"), as described in the Corporation's management information circular dated June 13, 2018 (the "Special Meeting Circular").  The detailed results of the votes for the approval of the OIP are provided below.

Special Item

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Aphria Secures $25 Million Loan from WFCU Credit Union

2018-07-31 07:00:00

LEAMINGTON, ON, July 31, 2018 /CNW/ - Aphria Inc. ("Aphria" or the "Company") (TSX: APH and US OTC: APHQF) today announced that it is has secured $25 million in debt financing from WFCU Credit Union ("WFCU"). The five-year term loan bears interest at 4.68%, has a 15-year amortization and was entered into on July 27, 2018. This is the second round of debt-financing secured by the Company from WFCU, having previously secured a $25 million five-year loan on May 9, 2017.

"We are delighted to once again have the support of WFCU Credit Union as Aphria continues to execute on its long-term strategic plan," said Vic Neufeld, Chief Executive Officer at Aphria. "Our diversified approach to innovation, strategic partnerships and global expansion are driving long-term shareholder value, and as our company and industry evolve we are always looking for opportunities to normalize our debt to equity structure."

The term loan is secured by a first charge on the Company's real estate holdings, and a first position on a general security agreement including cash, accounts receivable and inventory.

We Have A Good Thing Growing

About Aphria

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Isodiol International Inc. Reports Fiscal Year 2018 Audited Financial Results

2018-07-31 02:05:48

Isodiol experienced significant growth during Fiscal Year 2018 with over $19,000,000 in sales since the acquisition of Iso International LLC in May 2017

VANCOUVER, British Columbia, July 30, 2018 (GLOBE NEWSWIRE) -- Isodiol International Inc. (CSE: ISOL) (OTC: ISOLD) (FSE: LB6A.F) (the “Company” or “Isodiol”), a global CBD innovator specializing in hemp-based health and wellness products, the development of pharmaceutical CBD delivery methods, and the manufacturing of pure, natural CBD as an Active Pharmaceutical Ingredient (API) for use in Finished Pharmaceutical Products (FPPs), reports audited revenues for the Fiscal Year Ended March 31, 2018 of $19,137,266 compared to Fiscal Year Ended March 31, 2017 audited revenues of $355,959; a year-over-year increase of 5276%.

“Although the Company experienced tremendous growth for its Fiscal Year 2018, we strongly believe that CBD is still in its infancy stage, and we are just beginning to understand its benefits for the human body,” said CEO of Isodiol, Marcos Agramont.  “Isodiol has made significant strategic acquisitions over the last 12 months that are just now beginning to bear fruit, and the Company is well positioned as a global leader in the manufacturing, distribution, and full commercialization of hemp-derived CBD products.”

Isodiol believes it has a strong balance sheet with $24,069,692 in cash and acquisition deposits, which are intended to facilitate continued growth throughout Fiscal Year 2019.  With positive changes in regulation that have affected the legality of hemp and CBD around the globe, the Company is expanding its worldwide sales force with the intention of capitalizing on the untapped market for API sales and Finished Pharmaceutical Products.

The Company incurred significant acquisition advisory and consulting costs during Fiscal Year 2018 that the Company deemed necessary to accomplish the following transactions:

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ABcann to Acquire Leading B.C. Producer Canna Farms

2018-07-30 23:01:13

Creating a leading fully-integrated international cannabis company with:

NAPANEE, Ontario and HOPE, British Columbia, July 30, 2018 (GLOBE NEWSWIRE) -- ABcann Global Corporation (TSX-V: ABCN) (OTCQB: ABCCF) (“ABcann” or the “Company”) is pleased to announce that it has entered into a definitive agreement to acquire 100% of the issued and outstanding share capital of Canna Farms Limited (“Canna Farms”), a premium cannabis company in British Columbia (the “Transaction”). Canna Farms was the first Licensed Producer in B.C. and has many years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow. A conference call to discuss the Transaction will take place on Tuesday July 31, 2018 at 9:00 a.m. ET (details below).

“This is a transformational acquisition, and key benefits include increased production capacity, an expanded product offering, operational efficiencies, and a more robust platform to accelerate our growth,” commented Barry Fishman, CEO of ABcann. “We will maximize operational and financial synergies, so that the combined company will be greater than the sum of its parts.”

Transaction Highlights – Combining our Strengths

Transaction Summary

...

Read more


Newstrike Retains LodeRock Advisors for Investor Relations

2018-07-30 21:01:00

TORONTO, July 30, 2018 (GLOBE NEWSWIRE) -- Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike" or the "Company") today announced that it has retained LodeRock Advisors Inc. ("LodeRock") for strategic investor relations and capital markets communications services.

"We are pleased to announce that we have engaged LodeRock as our professional advisors,” said Jay Wilgar, Chief Executive Officer and Chairman of Newstrike.   “With their expertise, Newstrike can accelerate the communication of our compelling growth plan as we continue to execute on our business model.  LodeRock will assist us with increasing our profile as we enter into a legalized adult-use cannabis market and beyond."

Under the terms of the agreement, which will continue until either party has terminated the agreement with sixty (60) days’ notice, Newstrike will pay LodeRock a monthly fee of $10,000 for ongoing strategic communication services. At the time of this agreement, neither LodeRock, nor any of its executives have an ownership interest, directly or indirectly, in Newstrike or its securities, and Newstrike has not granted LodeRock or its executives any right to acquire any such interests.

LodeRock Advisors is a group of senior capital markets communications executives who develop and execute communications programs in order to help companies achieve their capital markets objectives and capture the full potential of their public listing. The engagement of LodeRock remains subject to the approval of the TSX Venture Exchange.

For further information:

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MPX Postpones Filing Date of 2018 Annual Statements

2018-07-30 20:46:38

Company to reschedule conference call with shareholders upon finalization of financial results

TORONTO, July 30, 2018 (GLOBE NEWSWIRE) -- MPX Bioceutical Corporation (“MPX” or the “Company”) (CSE: MPX; OTC: MPXEF) today announced the Company will postpone the filing of its fiscal 2018 financial statements as a result of accounting delays caused by the numerous acquisitions the Company closed during the fiscal year. Specifically, the Company and its auditors are still working to finalize reporting of the purchase price allocations in respect of those acquisitions. As a result of a change to the Company’s expected fiscal year 2018 reporting date, the Earnings press release, as well as the Earnings call previously scheduled for Tuesday, July 31st, will also be rescheduled.

As soon as possible, management will issue a press release announcing a revised date for the fiscal year ended March 31, 2018 conference call and Earnings press release.

About MPX Bioceutical Corporation

MPX, through its wholly-owned subsidiaries in the U.S., provides substantial management, staffing, procurement, advisory, financial, real estate rental, logistics and administrative services to three medicinal cannabis enterprises in Arizona operating under the Health for Life (dispensaries) and the award-winning Melting Point Extracts (high-margin concentrates wholesale) brands. The successful Health for Life brand operates in the rapidly growing Phoenix Metropolitan Statistical Area.  With the acquisition of The Holistic Center, MPX added another operating medical cannabis enterprise to its footprint in Arizona.

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