Cannabis and Hemp Industry Investment News

1933 Industries Inc () () announced Friday it has set up distribution of its Canna Hemp line of wellness products with CBD Plus, the largest and most trusted supplier of CBD products across the US.

The Vancouver, British Columbia-based company said its wholly owned subsidiary Infused MFG signed a master service and supply agreement with MCV Enterprises LLC, an Oklahoma company doing business as CBD Plus and CBD Plus USA for the marketing and sale of Canna Hemp products in CBD Plus corporate-owned and franchisee brick and mortar retail stores. 

The one-year agreement includes a 45-day trial period, effective immediately.

READ: 1933 Industries closes non-brokered private placement for ongoing business development

CBD Plus is focused in the Midwest and Southern US, with over 120 locations in Texas, Oklahoma, Kansas, Arkansas, Tennessee, Georgia, Florida, North Carolina, and Maryland. 

1933 Industries Inc () said Tuesday that it has closed a private placement by issuing 10,510,040 units at a price of $0.075 each to raise $788,253 to fund business development.

The Vancouver-based vertically integrated cannabis consumer packaged goods company said each unit is made up of one share and one-half share purchase warrant, with each whole warrant being exercisable at a price of $0.125 until September 3, 2022. The warrant is subject to an “accelerated expiry” if the closing price of the company's shares exceeds C$0.25 per share for a period of 10 consecutive trading days.

The company forked over $6,037.50 and 40,250 warrants as a finder's fee in connection with the closing. All securities issued in connection with the private placement are subject to a regulatory hold period till January 5, 2021.

In a statement, 1933 Industries CEO Paul Rosen said: “The proceeds of the private placement as well as the progress we’ve made in converting our debentures, in conjunction with the cost control measures we have implemented have positively strengthened our balance sheet.”

BevCanna Enterprises Inc () () is to acquire natural health e-commerce group Naturally Pure Therapy Products Corp in a C$6 million deal, which will enable it to launch its hemp-based CBD drinks into the US and other global markets.

Pure Therapy is a proven e-commerce brand with an extensive list of over 22,000 customers to which it sells a range of natural health products, including nutraceutical and hemp-based cannabidiol products.

READ: BevCanna Enterprises welcomes cannabis facilities design expert Adam Clarke to advisory board

It posted unaudited gross revenue in calendar 2019 of C$4,768,000 and a net profit of C$218,000.

"The brand has a substantial existing customer base and a very powerful direct sales platform in which we can significantly leverage through increased marketing spend, and new product integration into an already proven model," said John Campbell, chief strategic officer at BevCanna.

1933 Industries Inc () (), a cannabis consumer packaged goods company, announced Wednesday that CEO Paul Rosen has been appointed to its board of directors.

The company noted that Rosen has been involved with 1933 Industries in the capacities of strategic investor, advisor and most recently as chief executive, instituting a high level of stewardship and financial oversight that is guiding the company into its next phase of development. 

Leveraging his extensive experience in the cannabis industry as one of its earliest and most active entrepreneurs and company builders, 1933 Industries said Rosen brings vast corporate governance expertise to his new board position, having co-founded and served as CEO of Capital Corp that was later rebranded to The Cronos Group () ().

READ: 1933 Industries launches Canna Hemp PLUS line with double the amount of CBD as part of its wellness portfolio

Currently, Rosen is the executive chairman of Global Go, a consultancy focused on the global regulated cannabis industry and is a co-founder and chairman of Pantry Co, a cannabis-focused start-up in the functional food market. He is a member of the Law Society of Ontario and previously practised constitutional law.

1933 Industries Inc () (), a cannabis company with a diverse portfolio of consumer-driven brands, said Wednesday that it has introduced a new line of extra strength CBD products to its extensive wellness portfolio.

The Vancouver, British Columbia-based company said the new Canna Hemp PLUS line was developed for consumers who want to experience the added benefits of increased CBD at competitive prices from a reliable and trusted brand. With double the amount of CBD, the PLUS line is aimed at offering “competitively-priced products” with some of the “highest amounts of CBD found today in the market,” the company said.

READ: 1933 Industries signs deal to exclusively manufacture and distribute Five Star Brands line of cannabis beverages and tinctures in Nevada

"Our exciting suite of wellness products continues to grow in a number of segments and price points. Over the last three years, we have earned the trust of our consumers by offering products that are effective, reliable and contain the highest quality CBD sourced in the USA," Eugene Ruiz, the president of 1933 Industries said in a statement.  

BevCanna Enterprises Inc () () has appointed cannabis infrastructure design expert Adam Clarke to its independent advisory board with effect from July 20, the group told investors.

Clarke is co-founder and CEO of consultancy Stratus Designs Ltd, which specializes in the planning, layout, design, commissioning and inspection of cannabis and hemp cultivation and processing facilities.

READ: BevCanna inks supply agreement with Weed Pool to bring line of cannabis-infused products to Saskatchewan

"Adam's expertise in operational design and regulatory compliance will be very valuable to BevCanna as we continue to focus on operational excellence within our facilities," said John Campbell, chief strategic officer of BevCanna, in a statement.

"His experience in designing facilities that meet and exceed international regulatory requirements will allow us to operate most effectively while complying with international standards."

1933 Industries Inc () () is teaming up with premium cannabis brand Five Star Extracts to produce its products exclusively in Nevada.

The Vancouver-based firm said Thursday that its subsidiary Alternative Medicine Association LC (AMA) signed a one-year licensing agreement with Five Star Group LLC to cultivate, manufacture and sell Five Star Extracts-branded products in the state.

AMA will manufacture Five Star products, including its exclusive flavored Double Shot line and flavored cannabis tinctures, which have already received approval from Nevada’s newly-formed Cannabis Compliance Board.

READ: 1933 Industries enters high value cannabis flower market in Nevada

"We are excited to work with a team who shares the same high standards, passion and pride for crafting top quality cannabis products," 1933’s director of sales for brands and partners Jordan Stroum said in a statement.

BevCanna Enterprises Inc () (), a dominant player in the infused cannabis beverages industry, said Thursday that it has finalized a deal with Maritime-based licensed cannabis producer Argentia Gold Corp to exclusively represent BevCanna's line of cannabis-infused beverages in Newfoundland, Prince Edward Island (PEI) and New Brunswick.

The two companies have signed a definitive agreement for Argentia to distribute, market and sell BevCanna products across the three provinces.

READ: BevCanna inks supply agreement with Weed Pool to bring line of cannabis-infused products to Saskatchewan

With consumption rates for cannabis among the highest in Canada (25.9% for Newfoundland, and 20.9% for PEI), the Atlantic provinces represent an attractive market for cannabis-infused product producers like BevCanna.

BevCanna Enterprises Inc () (), a dominant player in the infused cannabis beverages industry, said Monday that the company’s board has appointed beverage industry pioneer Douglas Mason to its independent advisory board.

As an experienced C-suite level executive and board member in the hemp processing and natural foods sector, Mason spent nearly 20 years leading Clearly Food & Beverage Company Ltd (NASDAQ:CCBC). In his role as founder CEO he led the company to annual sales of more than $155 million.

The Vancouver-based firm said Mason will share his beverage expertise with BevCanna as it continues on its rapid growth trajectory, and will work with the company on identifying and securing domestic and international M&A opportunities.

READ: BevCanna inks supply agreement with Weed Pool to bring line of cannabis-infused products to Saskatchewan

PyroGenesis Canada Inc () () said Thursday that it had received payments totalling over $7.5 million under its contract with waste management company Drosrite International LLC. In March, PyroGenesis received an initial payment of C$1.4 million, kicking off a deal that licenses the Montreal-based company to manufacture and sell aluminum dross processing DROSRITE systems and technology to Saudi Arabia and other Middle Eastern countries. Aluminum dross is a byproduct of smelting, that, with treatment, can be recycled. In a statement Thursday, CEO Peter Pascali confirmed the total payments received to date under the $25 million Drosite contract due to a “large number of inquiries” received from shareholders and investors.

Progressive Planet Solutions Inc (CVE:PLAN), a low-carbon cement products company, has received initial results from exploration work at its precious metal and natural pozzolan property in Heffley Creek, British Columbia. The company has commenced a systematic soil geochemical and outcrop sampling program, which will focus on precious metals. The program confirmed previously reported samples from February, revealing gold values of 0.16 and 0.05 parts per million (ppm) in the outcrop below the soil, and resampling of the soil horizon resulted in values of 0.28, 0.25 and 0.15 ppm, the company said. The exploration program is being led by Dwayne Melrose, a geoscientist with three decades of international mining experience in Central Asia, China, Africa, North America and South America. He is the former CEO of True Gold Mining and , the latter of which saw him oversee a positive preliminary economic assessment.

Vehicles Corp (NASDAQ: SOLO) announced Thursday that its latest SOLO electric vehicle retail location will draw crowds in suburban Portland, at Oregon’s well-known Washington Square Mall. The Vancouver-based firm is revving up the marketing of its all-electric SOLO, a three-wheeled single-passenger car by targeting key US West Coast markets which assiduously buy environmentally-friendly vehicles.The September 1 opening will mark the company’s second retail outpost at a Macerich-owned property following its successful debut at Scottsdale, Arizona’s Fashion Square in June. In the first few weeks of operation, the SOLO has generated “strong visibility” from both word-of-mouth and foot traffic, said the company.

Newgioco Group Inc () reported strong first-quarter results on Thursday that showed the gaming company swing to a profit compared to the year-ago quarter. Total revenue for the three-month period ended March 31, 2020 increased to US$10.2 million, up from the $9.3 million it put up a year earlier, while profit came in at $158,000 compared to the $3.1 million loss it posted in the first quarter of 2019. In a statement, Newgioco attributed the jump in revenue to the switch to online and mobile gaming from more traditional land-based venues, as well as the market’s adoption of the firm’s proprietary sports book solution.

Vehicles Corp (NASDAQ: SOLO) announced Thursday that its latest SOLO electric vehicle retail location will draw crowds in suburban Portland, at Oregon’s well-known Washington Square Mall. The Vancouver-based firm is revving up the marketing of its all-electric SOLO, a three-wheeled single-passenger car by targeting key US West Coast markets which assiduously buy environmentally-friendly vehicles.The September 1 opening will mark the company’s second retail outpost at a Macerich-owned property following its successful debut at Scottsdale, Arizona’s Fashion Square in June. In the first few weeks of operation, the SOLO has generated “strong visibility” from both word-of-mouth and foot traffic, said the company.

Newgioco Group Inc () reported strong first-quarter results on Thursday that showed the gaming company swing to a profit compared to the year-ago quarter. Total revenue for the three-month period ended March 31, 2020 increased to US$10.2 million, up from the $9.3 million it put up a year earlier, while profit came in at $158,000 compared to the $3.1 million loss it posted in the first quarter of 2019. In a statement, Newgioco attributed the jump in revenue to the switch to online and mobile gaming from more traditional land-based venues, as well as the market’s adoption of the firm’s proprietary sports book solution.

Pacton Gold Inc () (OTCPINK:PACXF) has announced plans Thursday to begin a new expansion drill program at the Sidace joint venture (JV) gold project in Red Lake, Ontario. Pacton and its JV partner, Evolution Mining, have approved a C$2.44 million exploration program that includes 11,500 meters of drilling, along with re-logging and re-sampling historic drill core and geophysics. Pacton will run the program in October, which will focus on expanding all three mineralized zones.

() (OTCMKTS:VLMGF), the US-focused prospect generator, is set to raise up to C$4 million in a placing for further exploration at its properties and for working capital. In a statement on Thursday, the company said it was in the final planning stages of a drill program beginning in August at the 900 hectare Silver Cliff project, Custer County, Colorado. The project boasts an open pit resource which the firm expects to expand. This Kate Silver resource (KSR) has been extensively drilled since the 1960s, and is one of four known historic silver deposits at Silver Cliff. The KSR underlies around 36 hectares or 4% of the 900 hectares at Silver Cliff which Viscount controls.

BevCanna Enterprises Inc () (), revealed on Thursday that it has signed a non-binding letter of intent with Saskatchewan-based retail cooperative Weed Pool Cannabis Cooperative Limited (WPCC). Under the agreement, WPCC will distribute and sell BevCanna's line of cannabis-infused beverages and high-end extracts across its Saskatchewan cannabis retail distribution network. The Vancouver-based firm said the two companies intend to sign a definitive agreement within “the next 120 days.” A collective of independently-owned Saskatchewan cannabis retailers, WPCC is the largest cannabis buying group in the province. It is responsible for more than 50% of licensed cannabis sales in the province.

PowerOre Inc () is adding to its land position in the Chibougamau region of Quebec with a new acquisition next to its Opemiska copper complex. The Toronto-based junior said it has acquired the Scott property, a 2,930-hectare swath of prospective land contiguous with Yorbeau Resources’ Scott Lake project. ’s acquisition boosts its land package in Chibougamau by 30% to nearly 13,000 hectares in the province.

Loop Insights Inc () (OCTMKTS:VRZPF), a provider of contactless solutions and artificial intelligence to drive marketing, revealed on Thursday that it will launch its contact tracing platform in Nevada with two of Grupo Anderson's flagship Las Vegas restaurants, Senor Frog's and Carlos'n Charlies. The Vancouver-based technology company said the Vegas entry supports its broader push for global adoption. In addition to possible expansion into Grupo Anderson's other locations in Mexico, the Caribbean, and Spain, Loop is gaining traction with large projects in Canada, Australia, the UK, and Indonesia. Loop launched an automated contact tracing platform in June to support coronavirus (COVID-19) pandemic government mandates that require business owners to collect and store customer contact information for a 30-day period.

KULR Technology Group Inc () announced Thursday it will supply its carbon fiber thermal interface (FTI) material to Drako Motors, a Silicon Valley manufacturer of the high-performance electric supercar Drako GTE. The company said FTI offers superior thermal conductivity, ultra-lightweight and flexible mechanical properties designed for space exploration and defense applications where efficient cooling is paramount. Drako Motors will utilize KULR’s proprietary FTI as part of the thermal management system in Drako GTE, the quad motor 1,200 horsepower, 206 mph luxury electric supercar.  “In our collaboration with Drako Motors, we are demonstrating a reference design platform for the highest performance EV supercar in the world,” said KULR CEO Michael Mo in a statement. 

BevCanna Enterprises Inc () (), revealed on Thursday that it has signed a non-binding letter of intent with Saskatchewan-based retail cooperative Weed Pool Cannabis Cooperative Limited (WPCC).

Under the agreement, WPCC will distribute and sell BevCanna's line of cannabis-infused beverages and high-end extracts across its Saskatchewan cannabis retail distribution network.

The Vancouver-based firm said the two companies intend to sign a definitive agreement within “the next 120 days.”

READ: BevCanna signs deal to manufacture white-label CBD and THC-infused beverages for State B Beverage of British Columbia

1933 Industries Inc () (OTCQX:GIFF), a vertically integrated cannabis packaged goods company, said Wednesday that it had added premium smokable flower and pre-roll joints to its portfolio of brands.

The Vancouver-based company noted that while most cannabis companies focus on growing quantity, the company's AMA brand will “fill a void” in the market for craft-style quality cannabis grown at scale.

Nevada dispensaries resumed instore sales in May and recorded a 52% rise in sales, compared to the previous month when brick-and-mortar stores operated only through home delivery and curbside pickup. According to BDS Analytics, sales reached $58.2 million in May, 6% lower, compared to May 2019, but strong enough to drive year-to-date sales to $273.2 million.

READ: 1933 Industries’ premium Canna Hemp brand of CBD products now available in most of the US

BevCanna Enterprises Inc () () said Monday it has entered into a non-binding letter of intent to manufacture white-label CBD and THC-infused beverages for British Columbia-based beverage brand State B Beverage Co. 

Under the proposed agreement, BevCanna said it will leverage its extensive experience developing and launching beverages in the Canadian market to create the new State B beverage concept, which will merge functional beverages and cannabis drinks. 

READ: BevCanna Enterprises strikes deal to acquire Exceler Holdings to access distribution points in Europe and Asia

BevCanna also will be responsible for regulatory compliance with Health Canada, while State B will handle national sales and marketing efforts to launch the product line in Canada. The white label agreement will run for an initial term of three years with a subsequent three-year renewal option.

"The State B brand is an intriguing new concept, and we're excited to be the ones to launch the new line," John Campbell, chief strategic officer at BevCanna said in a statement. "Our plan to create a sustainable consistent revenue stream through our white-label portfolio is well on track, and adding the State B brand will add to the momentum."

1933 Industries Inc () () has announced plans to raise up to $5 million to pursue more business opportunities in the cannabis space.

The Vancouver-based cannabis firm will offer nearly 66.7 million units priced at C$0.075 each and consisting of one share and one-half of one warrant exercisable at C$0.125 for a 24-month period following the closing of the offering.

In a statement, new 1933's CEO Paul Rosen told shareholders that the company has the assets in place to build a profitable, self-sustaining business.

READ: 1933 Industries boosts management team with the appointment of new CFO Tricia Kaelin

“Our new cultivation facility in Las Vegas is now running at full capacity and we have launched new hemp and CBD wellness products and opened up new sales channels, including through Amazon and Walmart,” Rosen told investors.

TruTrace Technologies Inc () () CEO Robert Galarza thanked shareholders for their support on Tuesday after the company launched a new real-world implementation of its StrainSecure platform with Canada’s largest pharmacy chain Shoppers Drug Mart. Earlier this week the University Health Network, in partnership with Medical Cannabis by Shoppers Drug Mart, began nationwide clinical trials studying the effects of cannabis use on chronic plain, sleep issues, anxiety and depression. The trial will use TruTrace’s StrainSecure cannabis tracing and verification platform, an integrated blockchain platform that registers and tracks cannabis intellectual property from genome to sale.

Vehicles Corp () and updated their valuation for the trendy Canadian electric vehicle car maker based on hopes for the Tofino, the company’s high-performance two-seater electric roadster sports car. The broker's analysts also reiterated a $7.50 price target on the carmaker which is developing the all-electric SOLO, a single passenger vehicle, as well as the Tofino. “We are updating our model and valuation to bring our methods in line with the consensus approach for market leaders. One consequence of this analysis is the relative importance of the Tofino roadster for valuation,” Roth analysts Craig Irwin and Andrew Scutt said in a note to clients. “In our view, the largest catalysts in the next couple of years are likely to come from the selection of a design partner and launching production of the Tofino.”

() () announced Tuesday that its products and strains have been included in University Health Networks’ (UNH) Medical Cannabis Real-World Evidence study. UNH is launching nationwide clinical trials studying the effects of cannabis use on chronic plain, sleep issues, anxiety and depression. Participating patients can select their medical cannabis products using the online portal created by Medical Cannabis by Shoppers Drug Mart. WeedMD is one of the first licensed producers (LPs) to have its products and strains included, the company said.

Canadian biotechnology firm has started human clinical trials of a potential COVID-19 vaccine derived from plants, it said Tuesday. The Quebec-city based firm uses virus-like particles (VLPs) that mimic the shape and dimensions of a virus, allowing the body to develop an immune response in a non-infectious way. The Phase 1 trial will evaluate the plant-based product in 180 healthy participants ranging from ages 18 to 55, with another Phase 2/3 study planned to begin in October.