Cannabis and Hemp Industry Investment News

Cannabis Industry Press Releases and News Articles from the best investment journalist in the industry. Stay updated on all cannabis investment news from every online source, on MjInvest.com

1933 Industries expects stronger finances in fiscal 2021 as it looks to grow Nevada market share

The company hopes to achieve cash flow break-even and profitability by the fiscal 2Q that ends January 30, 2021

1933 expects the availability of high-quality cannabis flower cultivated in-house will increase demand for its products and have a positive impact on gross margins going forward

1933 Industries Inc () () on Monday said it expects “substantial improvements” during fiscal 2021, with the goal of achieving cash-flow break-even and profitability by the second quarter that ends January 30, 2021.

The company made the forward-looking announcement after reporting fourth quarter and fiscal year 2020 results (both of which ended July 31) that underscored the effects of the COVID-19 pandemic on revenue and income.

For FY20, the company recorded C$12 million in revenue, compared to C$18 million in FY19. Net loss was C$22.2 million versus a loss of C$19.1 million a year before -- which includes a C$2.2 million impairment charge from discontinued operations in California.

READ: 1933 Industries signs agreement to gain 100% ownership of AMA Production

For the 4Q, revenue was C$2.4 million, compared to C$5.2 million in the previous year-ago quarter. Net loss was C$7.2 million versus a loss of C$5.7 million year-over-year. 1933 said the decrease in revenues stemmed from the continuing impact of COVID-19 restrictions in Nevada, the substantial loss of tourism due to the pandemic, and the retail limitations where the company's products are sold. 

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BevCanna Enterprises provides recap of this week's management call, including planned Naturo takeover

The resultant company will combine decades of consumer-packaged goods, capital markets, strategy and public company expertise

Naturo brings over C$35 million of assets, including a 40,000 square foot beverage facility, 315-acres of cultivatable land valued at C$10.4 million, along with beverage manufacturing equipment valued at C$3.4million

BevCanna Enterprises Inc () () (FRA:7BC) has provided investors with the highlights and a chance to listen again to a management call given on November 24, which discussed recent developments at the cannabinoid‐infused drinks specialist, notably, the planned deal to buy partner Naturo, a landmark agreement worth C$6.5 million.

The resultant company will combine decades of consumer-packaged goods (CPG), capital markets, strategy and public company expertise from both teams and eliminate all future payment liabilities under BevCanna’s current agreements with drinks manufacturer Naturo.

READ: BevCanna Enterprises eyeing launch of Keef and Cali-Bloom products in first quarter of 2021

"The proposed combination will create the only fully licensed white-label beverage manufacturing and distribution company with the capability to manufacture and distribute both CPG and cannabis-based beverages, with a global multi-channel distribution network of traditional retail and cannabis sales channels," Bevcanna reminded investors in a statement.

Naturo brings over C$35 million of assets, including a 40,000 square foot (sq ft) beverage facility, 315-acres of cultivatable land valued at C$10.4 million, along with beverage manufacturing equipment valued at C$3.4million as of its year-end.

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BevCanna buys beverage partner Naturo Group Investments in C$6.5M deal

The proposed combination will create a fully licensed white-label beverage manufacturing and distribution company with a global multichannel distribution network of traditional retail and cannabis sales

BevCanna will purchase all issued and outstanding shares of Naturo in exchange for roughly 50 million common shares at a price of C$0.40 per share

BevCanna Enterprises Inc () () (FRA:7BC) has signed a letter of intent to acquire Naturo Group Investments Inc, a privately held beverage company, in an all-stock deal worth C$6.5 million.

BevCanna and Naturo have operated for the past three years under an exclusive partnership, including a master license agreement that gave BevCanna exclusive access to Naturo’s 40,000-square-foot state beverage manufacturing facility and alkaline spring water source. 

The proposed combination will create a fully licensed white-label beverage manufacturing and distribution company with a global multichannel distribution network of traditional retail and cannabis sales, the company said. BevCanna will take ownership of the beverage facility and water source, as well as 315-acres of cultivable land valued at C$10.4 million and beverage manufacturing equipment worth C$3.4 million.

READ: BevCanna Enterprises eyeing launch of Keef and Cali-Bloom products in first quarter of 2021

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BevCanna Enterprises eyeing launch of Keef and Cali-Bloom products in first quarter of 2021

First-round discussions with select Canadian provincial buyers are now complete and it is advancing its commercial rollout strategy and timelines

The firm is in talks with one of Canada’s leading Licensed Producers (LP) to distribute BevCanna’s products to provincial cannabis distribution boards

BevCanna Enterprises Inc () () (FRA:7BC) aims to have its Keef and Cali-Bloom drinks products on shelves across Canada in the first quarter of 2021, it told investors, as the firm revealed it had submitted notice of new cannabis product (NNCP) forms to regulator Health Canada. 

In a statement on Wednesday, BevCanna also said first-round discussions with select Canadian provincial buyers are now complete and it is advancing its commercial rollout strategy and timelines. 

READ: BevCanna looking to raise gross proceeds of up to $5.0 million from a non-brokered private placement of up to 10 million units

"We’re extremely pleased with the progress that we’ve made in our commercialization plans for Keef and Cali-Bloom in Canada,” said John Campbell, chief strategic officer for BevCanna.

The firm said it is in talks with one of Canada’s leading Licensed Producers (LP) to distribute BevCanna’s products to provincial cannabis distribution boards.

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BevCanna looking to raise gross proceeds of up to $5.0 million from a non-brokered private placement of up to 10 million units

“As we approach commercialization of our products in the Canadian market and are seeing significant progress in our U.S. cannabidiol and natural products strategy, we will use the funds to accelerate our cannabis and traditional CPG strategies in both markets"

BevCanna develops and manufactures cannabinoid–infused beverages and consumer products for in–house brands and white label clients

BevCanna Enterprises Inc. () (FRA:7BC), has announced plans for a non-brokered private placement of up to 10 million units at an offering price of $0.50 each, to raise gross proceeds of up to $5.0 million.

“We’re very pleased with the show of confidence we’re seeing from prospective investors,” John Campbell, chief financial officer of the emerging leader in cannabis-infused beverages said in a statement.

“As we approach commercialization of our products in the Canadian market and are seeing significant progress in our U.S. cannabidiol and natural products strategy, we will use the funds to accelerate our cannabis and traditional CPG strategies in both markets. This will further solidify our leadership position within the North American beverage and natural products landscape,” he added.

READ: BevCanna partners with Naturo to launch Beyond Energy natural hemp energy drink

Each unit will consist of one common share of the company and one share purchase warrant. Each warrant will be exercisable to acquire one additional common share at an exercise price of $0.75 per share for a period two years from the date of closing of the offering. The terms of the offering are subject to acceptance of the Canadian Securities Exchange.

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BevCanna partners with Naturo to launch Beyond Energy natural hemp energy drink

The company said the partnership with Naturo will bring access to over 3,000 distribution points, and manufacturing expertise

Made with natural mineral spring water, Beyond Energy has natural yuzu and lime flavours, caffeine from natural tea, ginseng, B and D vitamins, and hemp seed extract

BevCanna Enterprises Inc () (OTCQB:BVNNF) (FRA:7BC) on Thursday announced the development of a new Beyond Energy all-natural hemp energy drink. 

The Vancouver-based infused cannabis drinks giant said the new Beyond Energy hemp energy drink launched in partnership with the Naturo Group, will be sold under BevCanna’s flagship house brand, Anarchist Mountain Beverages. 

Made with natural mineral spring water, Beyond Energy features vegan-friendly ingredients, including “natural yuzu and lime flavours, caffeine from natural tea, ginseng, B and D vitamins, and hemp seed extract, which is a functional source of omegas and promotes brain function and overall wellbeing,” said the company.

READ: BevCanna to launch “Beyond Energy” range of ready-to-mix CBD beverages

The fortified hemp seed extract formulation does not require Health Canada cannabis licensing. The company said this will allow the drink to be sold in traditional mass retail points and through e-commerce channels.

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1933 Industries signs agreement to gain 100% ownership of AMA Production

Under the deal, the company is purchasing the remaining 9% interest in AMA Production

1933 Industries will issue 3.7 million non-transferable share purchase warrants exercisable at $0.075 each and expiring on June 13, 2024

1933 Industries Inc () () announced Thursday it has signed an agreement to purchase the remaining 9% interest in AMA Production LLC, giving it 100% ownership, which includes a property in Las Vegas. 

Subject to the terms of the agreement, 1933 Industries said it will issue 3.7 million non-transferable share purchase warrants exercisable at $0.075 each and expiring on June 13, 2024. 

As part of the transaction, 1933 Industries said a total of 1,650,000 outstanding warrants and 2,050,000 options will be cancelled, and the operating agreement for Alternative Medicine Association LLC (AMA) will be amended to concede complete managerial control of AMA to 1993 Industries.

READ: 1933 Industries to close C$918,720 private placement to help refocus business strategy on Nevada

“This is another step towards putting 1933 Industries on solid footing as it continues to progress on its key initiatives,” said CEO Paul Rosen in a statement. “The Agreement provides the Company with additional operating flexibility, which, alongside the most recent capital raises, the successful amendments to the Company’s convertible debentures and the continuing increases to our cultivation capacity, moves us forward towards our goal of achieving profitability.”

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BevCanna to launch “Beyond Energy” range of ready-to-mix CBD beverages

The ready-to mix line of CBD beverage enhancers have functional ingredients and will be launched on its Pure Therapy e-commerce platform

The company forecasts C$7.28 million in overall gross revenue for the Pure Therapy’s business vertical and a net profit of C$.26 million in 2021

BevCanna Enterprises Inc () (OTCQB:BVNNF) (FRA:7BC) on Thursday announced the development of a new all-natural “Beyond Energy” ready-to-mix line of hemp-based CBD beverage enhancers.

The Vancouver-based infused cannabis drinks giant said the new products will be sold on BevCanna’s recently acquired Pure Therapy e-commerce platform, which has over 23,000 active customers.

BevCanna said the new beverage enhancer product portfolio is symbolic of the “significant progress” the firm has made in its plans to expand a proprietary range of hemp-CBD and nutraceutical products in the global health and wellness market.

READ: BevCanna successfully completes product line-up and NNCP forms for Keef and Cali-Bloom launch in Canada

The company revealed that it has developed the flavors, functional ingredients and formats of the new beverage enhancers based on feedback from a North America-wide consumer study. The firm said it identified and measured consumer trends and preferences across Canada and the United States.

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1933 Industries to close C$918,720 private placement to help refocus business strategy on Nevada

The Vancouver-based company said it will close the placement on November 3 by offering 13,920,000 units at a price of C$0.066 for gross proceeds of C$918,720

CEO Paul Rosen said the firm was boosting the distribution for its branded products, as its Canna Hemp CBD line enters new channels across the US, and it brings new THC products to Las Vegas

1933 Industries Inc () (), a vertically-integrated cannabis consumer packaged goods company, announced on Monday that it will close a non-brokered private placement for C$918,720 this week to raise working capital and refocus the firm’s business strategy on its core market of Nevada.

The Vancouver, British Columbia-based company said it will close the placement on November 3 by offering 13,920,000 units at a price of C$0.066 for gross proceeds of C$918,720.

The company said each unit consists of one share and one transferable share purchase warrant. Each warrant entitles the holder to buy one share at an exercise price of C$0.106 per unit for a period of 18 months from the closing date.

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

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BevCanna says Canadian standard processing licence in final review stage with Health Canada

The company said receiving the licence will be a “major milestone” for the company’s commercialization and white-label plans

Once BevCanna receives the licence, it will be fully authorized to begin production at its high-capacity beverage manufacturing facility and expects to begin servicing its white label clients and commercializing its in-house brands this winter

BevCanna Enterprises Inc () (OTCQB:BVNNF) (FRA:7BC) announced on Friday that it has moved to the final review stage for a Standard Processing Licence from Health Canada.

The Vancouver-based infused cannabis beverages giant said it submitted its Site Evidence Package to Health Canada on June 22 this year. It has now received confirmation from Health Canada that the Site Evidence Package has been assigned for final active review.

Once the company receives the licence, BevCanna said it will be fully authorized to begin production at its industry-leading high-capacity beverage manufacturing facility and expects to begin servicing its white label clients and commercializing its in-house brands through licensed Canadian retailers this winter.

READ: BevCanna successfully completes product line-up and NNCP forms for Keef and Cali-Bloom launch in Canada

“The receipt of our processing licence will be a major milestone in BevCanna’s commercial strategy and regulatory process,” John Campbell, who is the chief strategic officer for BevCanna, said in a statement.

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BevCanna successfully completes product line-up and NNCP forms for Keef and Cali-Bloom launch in Canada

The infused cannabis beverages giant expects to launch the popular US beverage and distillate vape lines by the first quarter of 2021

John Campbell, Chief Strategic Officer for BevCanna said the firm received "excellent feedback" from its discussions with cannabis 2.0 provincial buyers on both its Keef and Cali-Bloom product lines

BevCanna Enterprises Inc () (OTCQB:BVNNF) (FRA:7BC) announced on Thursday that it has successfully completed its first round of product launch discussions with select provincial buyers throughout Canada. 

The Vancouver-based infused cannabis beverages giant said that during these “in-depth” product launch discussions, BevCanna validated its strategy of delivering established US brands to Canadian consumers. Initial provincial feedback has enabled BevCanna to finalize its award-winning line-up of Keef Beverages and Cali-Bloom products, allowing the team to complete the Notice of New Cannabis Product Forms (NNCP). 

"We received excellent feedback from our initial discussions with cannabis 2.0 provincial buyers across the country on both our Keef and Cali-Bloom product lines," said John Campbell, Chief Strategic Officer for BevCanna. 

READ: BevCanna appoints beverage marketer Donald Wood to Advisory Board as it eyes expansion

"Based on this input, we've now streamlined our offerings to align with consumer tastes and provincial product demand forecasts. We've also completed the required NNCP forms for the branded products, allowing us to register them with Health Canada and commercialize them as early as 60 days from submission," he added.

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BevCanna appoints beverage marketer Donald Wood to Advisory Board as it eyes expansion

The former Canadian CEO of Arrowhead Water Products will help BevCanna win domestic and international distribution, sales, and M&A opportunities

John Campbell, chWood's experience marketing bottled beverages globally will be "invaluable" as the firm accelerates its expansion plans and builds partnerships both domestically and internationally

BevCanna Enterprises Inc () (OTCQB:BVNNF) (FRA:7BC) said on Wednesday that it has added veteran retail beverage marketer Donald Wood to the infused cannabis beverage giant’s independent Advisory Board at a time when it is looking at rapid expansion. 

As former Canadian CEO of Arrowhead Water Products and current consultant on the bottled water market, Wood brings a wealth of sales and marketing experience in the beverage sector to BevCanna, working with such clients as Tipco Foods (Aura Mineral Water), Primo Water and CBD Naturals. 

He is a specialist in acquisitions within the bottled water sector and leverages 25 years of experience marketing international bottled water brands in the Canadian and southeast Asian markets. Prior to his role as a consultant, Wood also worked for Nestle SA in the Pure Life bottled water division and was a co-founder of Coastal Mountain Water, a North Vancouver-based residential and corporate beverage delivery company.

READ: BevCanna Enterprises successfully completes trial production runs of Keef and State B beverage lines

“We’re very pleased to have an expert of Don’s calibre join our Independent Advisory Board,” said John Campbell, chief strategic officer at BevCanna.

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BevCanna Enterprises successfully completes trial production runs of Keef and State B beverage lines

BevCanna has produced and evaluated multiple formulations of the products, including sparkling water, tea-based and soda formats, and multiple bottling formats

BevCanna's state of the art facility currently is capable of formulating, processing and packaging a range of beverage product formats

BevCanna Enterprises Inc () (OTCQB:BVNNF) (FRA:7BC) has successfully completed the research & development and trial production runs of its exclusively licenced award-winning line of Keef Beverages and the white-label beverages the company is producing for State B Beverages. 

In a statement Tuesday, BevCanna said it produced and evaluated multiple formulations of the Keef and State B products, including sparkling water, tea-based and soda formats, and multiple bottling formats such as PET and aluminum. 

Tests were conducted for research and development, shelf stability testing, and equipment commissioning purposes in preparation for the receipt of its Standard Processing License and subsequent product commercialization by the first quarter of 2021.

READ: BevCanna positioned for growth in US recreational cannabis market through Keef Brands partnership

BevCanna said it is currently in late-stage discussions to partner with a leading Canadian-licensed producer to distribute its products to provincial cannabis distribution boards through the LP's Health Canada-issued sales license. 

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BevCanna Enterprises receives capital injection of $750,000 from private placement and options exercise

The private placement was for $250,000 at $0.25 per unit and the $500,000 senior management exercise of 1,500,000 stock options was at an exercise price of $0.30 per share

"This capital injection has allowed us to accelerate the equipping of our world-class beverage manufacturing facilities to process a range of infused cannabis beverages," John Campbell, chief financial officer of BevCanna

BevCanna Enterprises Inc. () (FRA:7BC), the emerging leader in infused cannabis beverages, announced on Friday that it has received a capital injection of $750,000.

The private placement was for $250,000 at $0.25 per unit and the $500,000 senior management exercise of 1,500,000 stock options was at an exercise price of $0.30 per share.

The group said the funds are being used to provide additional working capital, including that related to the preparation of the company's Canadian industry-leading high-capacity beverage manufacturing operations for the imminent receipt of their Standard Processing License from Health Canada. Receipt of this license will enable BevCanna to begin production at the manufacturing facility for its white-label clients and to begin selling its products through licensed Canadian retailers.

READ: BevCanna taps former PepsiCo pro Melise Panetta to drive global commercial strategy

"This capital injection has allowed us to accelerate the equipping of our world-class beverage manufacturing facilities to process a range of infused cannabis beverages," John Campbell, chief financial officer of BevCanna said in a statement. "We're in the final stages of approval for our Standard Processing License and these enhancements will ensure that we're ready to move ahead immediately upon receipt."

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1933 Industries to manufacture and distribute Orchid Venture products in Nevada cannabis market

Under the three-year agreement, 1933 Industries will purchase Orchid's PurTec hardware and packaging component products and proprietary terpene blends for the production of Orchid Essentials products

Both companies will leverage the extraction expertise and well-established sales and distribution channels of 1933 Industries’ subsidiary, Alternative Medicine Association

1933 Industries Inc () () said Tuesday it is partnering with Orchid Ventures Inc (CSE: ORCD) (OTCMKTS:ORVRF) to manufacture and distribute Orchid products in the Nevada cannabis market.

The supply and licensing agreement was struck between Washington-based Orchid Ventures’ subsidiary Orchid Brands, LLC and 1933 Industries’ subsidiary Alternative Medicine Association LLC. 

Both companies will leverage AMA's extraction expertise and well-established sales and distribution channels in the state, 1933 Industries said. 

READ: 1933 Industries to sell its Canna Hemp line of wellness products in CBD Plus stores in US

Under the three-year agreement, 1933 Industries said it will purchase Orchid's PurTec hardware and packaging component products and proprietary terpene blends required for the production of Orchid Essentials products.

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BevCanna taps former PepsiCo pro Melise Panetta to drive global commercial strategy

The Vancouver-based infused cannabis beverages giant has appointed Panetta as an executive advisor as it eyes rapid business development

John Campbell, chief strategic officer for BevCanna said Panetta's 'significant expertise' in marketing and commercializing both mainstream and cannabis products 'will be invaluable' as the firm executes its branded and white-label strategies across Canada and globally

BevCanna Enterprises Inc () () (FRA:7BC), a dominant player in the infused cannabis beverages industry, said Monday that former Inc () (FRA:PEP) pro, Melise Panetta has joined the BevCanna team in the role of executive advisor to lead the firm’s global commercial strategy. 

Panetta, an experienced marketing and commercial leader within the consumer-packaged goods industry, has held senior roles at global giants like Inc (), PepsiCo and SC Johnson. She has also led commercial efforts in the cannabis space as Canada's chief commercial officer. Panetta will leverage this experience to lead BevCanna's commercial strategy globally, said the company.

"Melise is a recognized leader within the consumer marketing space, and we're excited to have her join the team," said John Campbell, chief strategic officer for BevCanna.

READ: BevCanna positioned for growth in US recreational cannabis market through Keef Brands partnership

"Her significant expertise in marketing and commercializing both mainstream and cannabis products will be invaluable as we execute our branded and white-label strategies across Canada and globally," he added.

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NA Proactive news snapshot: Next Green Wave, DGTL Holdings, Phunware, Hill Street Beverage, Thunderbird Entertainment UPDATE …

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires

Holdings Inc () (OCTMKTS:NXGWF) revealed that the first 30 days of sauce cartridge sales generated revenue of over US$100,000, at a gross margin of around 60%. The Vancouver, British Columbia-based premium seed to shelf craft cannabis producer offering products through its in-house brand portfolio and wholesale flower to other cannabis manufacturers, said that the successful soft launch had inspired it to rapidly expand distribution to all current retail partners. Next Green Wave currently has the several branded products in the market including indoor flower, pre-roll joints, dabbable extracts, the sauce cartridges, shortened to Carts. The company said their Carts are “totally different” than your standard "vape" or "sauce cart" as it is a non-distilled sauce with COA's coming back as high as 85% THC and 95% total cannabinoids.

DGTL Holdings Inc () reported Thursday that it has secured a new client service agreement with a global leader in the e-marketing services sector. The 12-month contract is valued at US$1 million and will leverage Hashoff's "IAM" and "Create Marketplace" products for marketing to the e-sports sector, DGTL said in a statement. Hashoff is an enterprise-level self-service CaaS (content-as-a-service) built on proprietary Artificial Intelligence and Machine Learning (AI-ML) technology. The Toronto-based company said the SaaS license agreement was executed with a global marketing partner, currently active in four continents, with over 120 active consultants, operating across 15 sectors, including; financial services, specialized distribution, telecommunications, media and technology, transportation and mobility, etc.

() announced Thursday the launch of its Multiscreen-as-a-Service (MaaS) customer data platform (CDP). Phunware's MaaS CDP is cloud-based and includes software that aggregates and organizes customer data in real time across multiple touchpoints to create persistent, unified customer databases, the company said. These databases are fueled by the more than 16 billion unique Phunware IDs created to date and facilitate unique data segment generation, the company said. That data is easily accessible and consumable within core enterprise engagement packages, including customer relationship management (CRM) and marketing automation (MA) systems.

Hill Street Beverage Company Inc () has signed a non-binding term sheet with Molecule Holdings Inc to produce select cannabis-infused beverages for Hill Avenue Cannabis Co, the wholly owned subsidiary of Hill Street. The Notice of New Product Introduction to Health Canada was filed on October 1 for the first beverages to be produced by the partnership, Hill Street said in a statement Thursday. The filing begins the 60-day notice period wherein the two companies can begin arranging sales and distribution agreements with provincial regulators and independent retailers. Hill Street said the three-year agreement will include both formulating and manufacturing beverage products using proprietary infusion technologies provided either by Molecule or Hill Street's previously announced Joint Manufacturing Partnership with Lexaria Biosciences Corp () (), once Hill Street's cannabis processing facility has been licensed by Health Canada.

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NA Proactive news snapshot: Fireweed Zinc, HighGold Mining, Loop Insights, BevCanna Enterprises, Tocvan Ventures - UPDATE..

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires

() (OTCMKTS:FWEDF) (FRA:20F) said this year's drill program at its giant Macmillan Pass project in Yukon has now been completed with assays for all holes awaited. Ten diamond drill holes for 2,948 metres (m) and nine reverse circulation holes for 507m were sunk and a highlight was the new discovery of near-surface zinc-lead mineralization west of the Boundary zone, now called 'Boundary West'. "It has been a short but intense exploration season at Macmillan Pass where we had three drills working," Brandon Macdonald, the chief executive told investors. "Highlights for the season are several wide intersections of zinc-lead mineralization in long step out holes at Boundary West Zone for which we eagerly await assays," he added. "These include yet more wide zones of mineralization in new step out holes 008 and 009 at Boundary West Zone. We also drilled wide intersections in the heart of Boundary Zone and tested other targets as well."

() (OTCMKTS:INOTF) announced Thursday that an Ontario-based Anderson Haulage trucking company has installed the first ThermalPass temperature screening system in North America to help mitigate the spread of COVID-19. ThermalPass celebrated its commercial launch at the headquarters of Anderson Haulage, which employs more than 200 persons, on October 13. The trucking firm has installed the ThermalPass fever detection system at the entrance of its headquarters in Gormley, Ontario, to screen employees as they enter the facility. ThermalPass is a medical-grade, artificial intelligence-enabled thermal sensor, temperature screening system, that can easily be assembled in minutes at entrances to factories, supermarkets, drugstores, and more. ThermalPass takes 480 temperature readings per second without encroaching on an individual's privacy or violating social distancing rules.

Bam Resources Corp () (OTCPINK:NPEZF) announced Thursday that Alan Morris will write a new National Instrument 43-101 Technical Report for its flagship Majuba Hill property, a copper, silver, and gold porphyry project in Nevada. In a statement, the company said Morris was the author of the original Technical Report written in 2017 and he has over 39 years of geologic mineral exploration experience in the Western US, Alaska, and Yukon, Canada. Bam said Morris, a Certified Professional Geologist, is particularly knowledgeable about early-stage generative projects and mid-stage drill projects for precious and base metal projects. 

Loop Insights Inc () (OCTMKTS:RACMF) said Thursday it has been accepted into the TELUS Corp IoT (Internet of Things) Marketplace, which will serve to significantly expand Loop's sales distribution channels on a national scale. TELUS launched the marketplace to help Canadian businesses accelerate the adoption of IoT tech. Loop said the marketplace is designed to allow businesses to quickly deploy IoT solutions while acting as a lead generation and sales channel for developers and TELUS has also committed its sales and marketing teams to provide support. "By partnering with innovative and leading IoT development companies, such as Loop, we're ensuring that our customers have access to some of the most advanced IoT business solutions in the world," said Andrew Turner, vice president of strategy at TELUS.

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NA Proactive news snapshot: BevCanna Enterprises, Tocvan Ventures, The Valens Company, Silvercorp Metals …

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires

BevCanna Enterprises Inc () (), a dominant player in the infused cannabis beverages industry, said Thursday that its partnership with award-winning Keef Brands positioned the infused beverage operator “very well for rapid growth” within the US market in anticipation of “positive federal regulatory reform” aimed at US federal cannabis legalization. BevCanna said its North American agreement with Keef Brands leverages the strengths of both companies “to full advantage.” BevCanna will act as the exclusive licensee, manufacturing and distribution partner to the award-winning US line of Keef infused drinks for the Canadian market, and will use the large Keef US manufacturing and distribution network to access the US cannabis market. The US has more than 1,000 dispensaries and delivery services across Colorado, California, Arizona, Nevada, Michigan, Oklahoma, and Puerto Rico, said the company.

Tocvan Ventures Corp () updated Thursday on its conclusions from recent technical studies at its Pilar project in Sonora, Mexico, which the firm believes could be a large epithermal gold-silver system. As reported last month, a significant recent find has been the interpretation of a pipe-like feature, 100 metres (m) in diameter in the east-central part of the property, which may be a feeder pipe related to epithermal mineralization. Notably, this pipe is coincident with the discovery, announced in June, of the high-grade silver East Zone, which contains areas of high-grade gold and high-grade silver. In fact, the two highest silver assay results are in this area, at 317 grams per ton (g/t) from soil sampling and 323 g/t of the precious metal from rock-grab samples, noted Tocvan.

Inc (CVE:VLNS) () (FRA:7LV) posted fiscal third-quarter results that saw its revenue jump 10% year-over-year driven by new brand partnerships, white-label, custom manufacturing agreements and existing contracts. For the period ended August 31, 2020, the Kelowna, British Columbia-based manufacturer of cannabinoid-based products, reported revenue of $18.1 million, compared to $16.5 million in the third quarter of 2019. The company’s gross profit was $7.3 million, or 39.5% of revenue, for the fiscal third quarter, compared to $12.8 million, or 77.8% of revenue, in the same period in fiscal 2019. Valens chalked up the reduction in gross profit to the “pullback in toll extraction volumes,” as the company shifts its focus toward driving “greater white label and custom manufacturing product volumes and sales.”

(CVE:SVM) has announced the results of its exploration program at the TLP mine in Henan province in China. The company said from October 1, 2019, to September 30, 2020, the drilling program at TLP has targeted the down/up-dip and along-strike extensions of known mineralized vein structures in the production areas, adding that exploration drilling and tunneling are continuing at the mine and all other mines at the Ying mining district where the project is located.

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BevCanna positioned for growth in US recreational cannabis market through Keef Brands partnership

The Vancouver infused beverage expert will leverage Keef's large US distribution network to launch their house brands in the American market

John Campbell, chief strategy officer for BevCanna said the partnership with Keef Brands is a "fantastic opportunity for BevCanna"

BevCanna Enterprises Inc () (), a dominant player in the infused cannabis beverages industry, said Thursday that its partnership with award-winning Keef Brands positioned the infused beverage operator “very well for rapid growth” within the US market in anticipation of “positive federal regulatory reform” aimed at US federal cannabis legalization. 

Cannabis is a bipartisan issue that will be a pivotal election issue in November. Before the coronavirus pandemic and election season amplified political turmoil in Washington, it almost seemed like US elected officials were working together on bi-partisan cannabis legislation. 

Meanwhile, BevCanna said its North American agreement with Keef Brands leverages the strengths of both companies “to full advantage.” BevCanna will act as the exclusive licensee, manufacturing and distribution partner to the award-winning US line of Keef infused drinks for the Canadian market, and will use the large Keef US manufacturing and distribution network to access the US cannabis market. The US has more than 1,000 dispensaries and delivery services across Colorado, California, Arizona, Nevada, Michigan, Oklahoma, and Puerto Rico, said the company.

READ: BevCanna says it is on track for very strong fourth quarter and 2021 after Pure Therapy Products acquisition

"This partnership with Keef Brands is a fantastic opportunity for BevCanna," said John Campbell, chief strategy officer for BevCanna. "Keef's robust US manufacturing and distribution network will be a significant asset to BevCanna's expansion plans in the US and BevCanna's expertise in the Canadian infused beverage market will build Keef's Canadian presence. It's a strong combination, with excellent potential for both companies.”

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