The Daily Hit: January 10, 2019

It’s time for your Daily Hit of cannabis financial news for January 10, 2019.

On The Site

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) has capitalized on its prior relationships with the DSW (NYSE: DSW) shoe chain to reach an agreement to sell its Seventh Sense Botanical Therapy brand at select stores in the U.S.

DSW stands for Designer Shoe Warehouse and the company has 515 warehouses in 44 states. Many of the Green Growth executives previously worked at DSW, so the relationship between the two has been expected. Accessories, including beauty and wellness products, is a growing category for DSW and the company said that it will continue to be a component of its growth strategy.

In Other News

Zenabis Global Inc. is pleased to announce that the trading of its common shares will commence at market open today under exchange symbol “ZENA” on the TSX Venture Exchange. This event follows the completion of the reverse takeover of Bevo Agro Inc. (TSXV: BVO) by Sun Pharm Investments Ltd. on January 8, 2019. As previously announced on October 4, 2018, Bevo and Sun Pharm entered into an arrangement agreement with respect to the spin-out of Bevo’s interest in CubicFarm Systems Corp. and subsequent a reverse take-over of Bevo by Sun Pharm, with the resulting combined issuer being Zenabis.

PharmaCielo Ltd. the Canadian parent of Colombia’s premier cultivator and producer of medicinal-grade cannabis oil, today provided a corporate progress update in preparation for its public listing on the TSXV under the ticker PCLO (TSXV: PCLO), on or about January 18, 2019.

C21 Investments Inc. (CSE: CXXI) today announced that it has received approval from the Nevada Department of Taxation for the transfer of the licenses of Silver State Relief and Silver State Cultivation.  Together these businesses are established and profitable, vertically integrated cannabis cultivation, processing and retailing operation with trailing 12-month revenue of US$24.5 million.  The formal closing and transfer procedures are scheduled to be completed on Tuesday, January 15.

CannAmerica Brands Corp. (CSE: CANA) (OTCQB: CNNXF) announces that it has repriced its brokered private placement previously announced on November 20, 2018, to now consist of up to 16,666,666 units of the company at an issue price of $0.60 per Unit for gross proceeds of up to $10,000,000.

HempAmericana, Inc. (OTC: HMPQ) is excited to announce that the company has signed a Letter of Intent (“LOI”) for the purchase of the entire crop of hemp flower from a key East Coast supplier. Such hemp involved in a subsequent purchase agreement will go toward supplying the company’s CBD extraction and production activities at its primary facility in Augusta, Maine.

 

Debra Borchardt

Debra BorchardtDebra Borchardt

Debra Borchardt is the CEO, Co-Founder, and Editor-In-Chief of GMR. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Prior to becoming a financial journalist, Debra was a Vice President at Bear Stearns where she held a Series 7 and Registered Investment Advisor license. Debra has a Masters degree in Business Journalism from New York University.


One comment

  • Avatar
    doran.bill88@gmail.com

    January 11, 2019 at 9:52 pm

    I am interested in the Cannabis Business. I think about how many new business could be created in just the CBD from hemp alone.

    Reply

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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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