GCAC to Pursue Cannabis Joint Venture to Establish Distribution and Cultivation Hub in Portugal

Vancouver, British Columbia, Canada, August 14, 2019 – Global Cannabis Applications Corp. (“GCAC” or the “Company”) (CSE: APP, FSE: 2FA, OTCQB: FUAPF), a leading developer of innovative data and AI technologies for the medical cannabis industry, is pleased to announce it has signed a Letter of Intent (the “LOI”) with Porto Group Global (“Porto Group”), a Portugal based private company with offices in…

Read More

Sugarmade CEO Expects Golden State Hemp Legislation to Benefit the Industry – Company Prepares First Closing of BZRTH Acquisition

MONROVIA, Calif., Aug. 13, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Sugarmade, Inc. (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation and hemp sectors, today announces it is now prepared to complete the first closing of its BZRTH, LLC acquisition.  Recently, the Company announced BZRTH had completed its financial audit, which was one of the major…

Read More

Canopy Growth (TSX:WEED) CEO Ousted: Is the Stock Still a Buy?

The departure of the embattled Bruce Linton from Canopy Growth (TSX:WEED)(NYSE:CGC) on July 3 seems to be hurting the largest cannabis company in the world. The company’s founder was mainly responsible for Canopy’s growth for the past six years. Today, there’s doubt as to whether investors should still buy WEED. Linton left the company with 5.6 million square feet of…

Read More

KALY Adds New CBD Extraction Contract Worth $10 Million in Annual Revenue

Kali Extracts

DALLAS, July 9, 2019 /PRNewswire/ — Kali-Extracts, Inc. (Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC: KALY) (“KALY”) today announced a second hemp derived CBD extraction contract worth $10 million in annual revenue. KALY has previously announced a contract with a New York State Licensed Hemp Cultivation Operation anticipated to generate an estimated $5 million in revenue for KALY. Management has set a…

Read More

Colombian Cannabis IPOs Follow in the Footsteps of the Oil Industry

Cannabis cultivators are increasingly utilizing a model pioneered by upstream Canadian oil and gas explorers, allowing them to establish operations in superior cannabis cultivating jurisdictions outside Canada while taking advantage of improved access to capital in Canada. Canadian energy stocks acquired oil acreage in South American nations, most notably Colombia, then raised capital in Canada by listing on the TSX…

Read More

Why Did This Pot Stock Lose 49% in 3 Months?

Canadian cannabis cultivator CannTrust (TSX:TRST)(NYSE:CTST) saw its stock plunge after Health Canada found that one of its greenhouse facilities was non-compliant. This comes on the back of what has been a tough few months for the burgeoning legal marijuana industry with significant doubts emerging about its viability in the wake of Canopy Growth’s shock fiscal fourth-quarter 2019 results. Those results…

Read More

Colombia: The Next Major Threat to Canada’s Burgeoning Cannabis Industry

Being the only developed jurisdiction to legalize the recreational consumption of cannabis has seen Canada become the global leader in cultivation, processing, and distribution of marijuana. This has been a boon for companies such as Canopy Growth (TSX:WEED)(NYSE:CGC), Aurora Cannabis, and Cronos Group, which have seen their stocks soar by 578%, 393%, and 1,074%, respectively, over the last two years.…

Read More

Forget About Aurora Cannabis (TSX:ACB): I Prefer This Growth Stock

Interest in cannabis stocks hasn’t waned, although the intensity has diminished post-legalization. The largest cannabis producer, Aurora Cannabis, is extremely popular to investors. However, the industry giant, along with other major players, is showing stress. Lesser-known stocks like Village Farms International (TSX:VFF)(NASDAQ:VFF) might be a better investment option if you want exposure in the promising cannabis industry. Although the company…

Read More

KALY and NOUV Pull Trigger on Launching Texas CBD Extraction Lab After Texas Governor Legalizes Hemp and CBD

Kali Extracts

DALLAS, June 13, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Kali-Extracts, Inc. (Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC: KALY) (“KALY”) and Nouveau (USOTC: NOUV) (“NOUV”) today announced moving forward with a CBD extraction lab the two companies have had in the works now that Texas Governor Greg Abbott signed a new law Monday this week legalizing hemp and hemp-derived…

Read More

Colombia: Poised to Become the World’s Leading Cannabis Growing Jurisdiction

The global legal marijuana industry continues to boom with analysts predicting a massive surge in demand over the next decade and that the global market could expand to be worth US$66 billion by 2025. That represents an annual compound growth rate (CAGR) of 24%, highlighting the considerable growth ahead for an industry that is still in its infancy. While Canada…

Read More