HempNewsBreaks – Beard Management Inc. Announces Successful Completion of FDA Inspection

July 22, 2021 11:15:52

Beard Management, the company behind multiple globally recognized e-liquid brands such as Beard Vape Co. and The One E-liquids, today announced its successful completion of an inspection by the U.S. Food and Drug Administration (“FDA”) as a part of the company’s PMTA application review on July 13 and 14. According to the update, Beard Management is currently in the review phase of its PMTA application, which includes 45 of the company’s most popular e-liquid products, including flavors from the Beard Vape Co. and The One E-liquid brands. In April, Beard announced its retention of Blackbriar Regulatory Services LLC (“BRS”) as its exclusive manufacturer and agent of record with the FDA, overseeing the process of providing the FDA with any additional regulatory and testing work required for Beard’s current PMTAs to scientifically prove its products are appropriate for the protection of public health. “This inspection absolutely reaffirms our decision to use BRS for our regulatory needs,” said Brady Bates, CEO of Beard. “Over the past few months, we have worked with them to prepare for the eventuality of an inspection like this. Thanks to BRS’ in-depth understanding of the PMTA review process and their experience in dealing with FDA inspections, we were very well prepared for what transpired. The successful completion of this inspection further strengthens our market position, our application and our positive relationship with the FDA, and we couldn’t be happier with the outcome.”

To view the full press release, visit https://cnw.fm/w0EpL

About Beard Management Inc.

Beard Management owns and distributes numerous brands across varying categories, including electronic nicotine delivery system products, hemp derivatives and rolling papers. Founded in 2014, Beard remains committed to continuous product development while providing high-quality products to adult consumers. Beard currently services retailers and distributors of every size nationally and in over 30 countries worldwide. To learn more about Beard, visit www.BeardVapeCo.com.

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

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HempNewsBreaks – HempFusion Wellness Inc.’s (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO) Private Label Division Marks ‘Just the Beginning’ with $250K Order

July 15, 2021 10:44:52

HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO), a leader in the health and wellness cannabidiol (“CBD”) industry, recently announced that it was rewarded a10 SKU private label deal by a leading national and publicly traded grocery retailer. “The deal marks the official launch of the ‘Private Label’ division, which will be the company’s sixth distribution channel,” reads a recent article. “The retailer, whose name was not disclosed due to existing non-disclosure obligations, represents a significant opportunity for the newly launched Private Label division. The 10 SKU deal was primarily due to the performance of HempFusion and its family of products within the retailer’s current distribution network. ‘We anticipate that this initial $250,000 order is just the beginning and pending sell-through velocity and distribution, we expect this account to generate north of $500,000 for HempFusion in 2021 and upwards of $1,000,000 or more in 2022,’ said HempFusion’s Chief Revenue Officer Jon Visser.”

To view the full article, visit https://cnw.fm/L5noL

About HempFusion Wellness Inc.

HempFusion is a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition. HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research, and HF Labs, to approximately 4,000 retailers across all 50 U.S. states and select international locations. Built on a foundation of regulatory compliance and human safety, HempFusion’s diverse product portfolio comprises 46 SKUs, including tinctures, proprietary FDA Drug-listed over-the-counter (“OTC”) topicals, doctor/practitioner lines, and more. With a strong focus on R&D, HempFusion has an additional 30 products under development. HempFusion is a board member of the U.S. Hemp Roundtable, and HempFusion’s wholly-owned subsidiary, Probulin Probiotics, is one of the fastest-growing probiotics companies in the United States, according to SPINs reported data. HempFusion’s CBD products are based on a proprietary Whole Food Hemp Complex(TM) and are available in-store or by visiting HempFusion online at www.Hempfusion.com or www.Probulin.com.

NOTE TO INVESTORS: The latest news and updates relating to HempFusion are available in the company’s newsroom at https://cnw.fm/HempFusion

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

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HempNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO) Positioned for Success in 2021 and Beyond

June 29, 2021 11:47:12

HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO), a leader in the health and wellness cannabidiol (“CBD”) industry, is keen on expanding its international distribution channels, demonstrating its compliance with regulatory standards for hemp-derived products worldwide, and seeking to expand access points for CBD. The company’s HempFusion USA, through Probulin Probiotics LLC, sells its products in about 4,000 retail locations in all 50 U.S. States. “Probulin’s network for probiotics sales has proved useful for helping the company gain an entry point in marketplaces hesitant to consider CBD,” reads a recent article. In March, the company announced Probulin’s entry into the Asian market through Tmall Global and, in April, announced its products had received Tmall’s conditional approval. HempFusion also sells its Probulin products in Mexico, South Korea, the United Arab Emirates, and Ireland with expectations of entering India and the United Kingdom. According to an April operational update by the company, “COVID and continued lack of clarity from the FDA related to official regulatory guidance for CBD used in dietary supplements, foods and beverages has made 2020 a challenging year. However, these challenges have led to strategic changes, establishing the foundation for HempFusion to succeed in 2021 and beyond.”

To view the full article, visit https://cnw.fm/7MLWW

About HempFusion Wellness Inc.

HempFusion is a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition. HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research, and HF Labs, to approximately 4,000 retailers across all 50 US states and select international locations. Built on a foundation of regulatory compliance and human safety, HempFusion’s diverse product portfolio comprises 46 SKUs, including tinctures, proprietary FDA Drug-listed over-the-counter (“OTC”) topicals, doctor/practitioner lines, and more. With a strong focus on R&D, HempFusion has an additional 30 products under development. HempFusion is a board member of the U.S. Hemp Roundtable, and HempFusion’s wholly-owned subsidiary, Probulin Probiotics, is one of the fastest-growing probiotics companies in the United States, according to SPINs reported data. HempFusion’s CBD products are based on a proprietary Whole Food Hemp Complex(TM) and are available in-store or by visiting HempFusion online at www.Hempfusion.com or www.Probulin.com.

NOTE TO INVESTORS: The latest news and updates relating to CBDHF are available in the company’s newsroom at https://cnw.fm/CBDHF

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

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Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Ready as Ottawa Review of Federal Cannabis Act Approaches

June 28, 2021 14:15:29

  • Canadian lawmakers are scheduled to assemble during Q4 to assess past, current, future state of legal cannabis market
  • Pac Roots Cannabis has quietly positioned itself as an integrated producer of premium cannabis and hemp
  • Pac Roots is generating revenue through a hemp JV, has access to exclusive cultivars, is completing a production facility, has an agreement for more land and recently bought an established cannabis lifestyle brand

The Canadian government has taken a measured approach to legalization of marijuana, but now nearly three years in, advocates will be looking at meaningful progress with regards to regulations to support the industry when a review is expected later this year. As the market has been maturing, Vancouver-based Pac Roots Cannabis (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) has been steadily building a formidable asset base, including constructing a new production facility, forging a key joint venture and penning an agreement to acquire prime agricultural land as it emerges as a premium provider of cannabis and hemp products with its genetics-focused approach.

While the legal cannabis market didn’t get off to the blistering pace some analysts envisioned, it has grown quite briskly and there are signs that the market has reached an inflection point. Deal flow is strong, including Quebec-based Hexo (TSX: HEXO) (NYSE: HEXO) recently agreeing to pay C$925 million for…

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NOTE TO INVESTORS: The latest news and updates relating to PACR are available in the company’s newsroom at http://cnw.fm/PACR

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

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Grapefruit USA Inc. (GPFT) Provides Status Update on Joint Venture, Possible Acquisition

June 25, 2021 08:00:11

  • Earlier this year, Grapefruit was approached by a Canadian cannabis company about a potential acquisition.
  • A series of events have delayed the process.
  • Final decisions, details should be discussed in the next 30–60 days.

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed, California-based cannabis company, is providing clarification regarding its previously announced potential acquisition transaction by a Canadian cannabis company (https://cnw.fm/2xIyE).

Earlier this year, Grapefruit announced that it had been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction (https://cnw.fm/OBDib). At the time, Grapefruit CEO Bradley J. Yourist noted that “Grapefruit is not surprised to be approached concerning a potential acquisition, in light of the company’s recent disclosure concerning its…

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NOTE TO INVESTORS: The latest news and updates relating to GPFT are available in the company’s newsroom at https://cnw.fm/GPFT

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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Grapefruit USA Inc. (GPFT) Accepts Crypto Payments on New E-Commerce Site

June 24, 2021 08:00:14

  • GPFT customers can convert crypto of choice at checkout to make online purchases.
  • Announcement demonstrates company’s outreach to growing demographic of early adopters, younger buyers.
  • Grapefruit is building a well-earned reputation for pioneering future-looking ideals and products.

In an industry known for embracing the use of cryptocurrency (https://cnw.fm/nMhx5), Grapefruit USA (OTCQB: GPFT) joined other leaders in the cannabis space in paving the way forward when it announced that it is accepting cryptocurrency as payment on its recently launched e-commerce store (https://cnw.fm/rONPW). The company noted that its customers who prefer Bitcoin, Ether, Bitcoin Cash, Litecoin, Dogecoin or Monero will now be able to “convert” their crypto of choice at checkout to make online purchases.

“Grapefruit’s THC-free hemp-derived CBD Hourglass technology-driven products, just like cryptocurrencies and the blockchain, are the future, and Grapefruit’s acceptance of crypto as payment demonstrates GPFT’s outreach to the explosively growing demographic of crypto early adopters and other ‘younger’ buyers who also seek the holistic benefits of Grapefruit’s THC-free, hemp-derived Hourglass time-release…

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NOTE TO INVESTORS: The latest news and updates relating to GPFT are available in the company’s newsroom at https://cnw.fm/GPFT

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

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BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Focused on Building Leading U.S. Ecosystem

June 21, 2021 12:30:43

  • Recent agreements have been strategic steps taken by BEV to position itself in growing U.S. market
  • Agreements involve key manufacturing, distribution, fulfillment partners
  • TRACE products feature the company’s alkaline, plant-based mineral beverages and nutraceuticals

Committed to creating a powerful ecosystem focused on developing and manufacturing alkaline, plant-based, and cannabinoid beverages and supplements, BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) has announced a number of agreements recently. Each agreement has been part of a strategic business plan as the company moves into the United States and strengthens its position as a leading resource of high-quality health and wellness beverages and natural products for both in-house brands as well as white-label clients.

In May, BevCanna finalized a co-packing agreement with California-based Riviera Beverages LLC (https://cnw.fm/91eks). The agreement outlines arrangements for Riviera to manufacture BevCanna’s TRACE…

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NOTE TO INVESTORS: The latest news and updates relating to BVNNF are available in the company’s newsroom at http://cnw.fm/BVNNF

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

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Golden Triangle Ventures Inc. (GTVH) Finalizes Acquisition of Industrial Hemp, CBD Industry Leader

June 16, 2021 08:57:47

  • GTVH completes acquisition of long-time partner Sonder Fulfillment LLC
  • CEO believes acquisition will lead to “one of the most powerful and greatest end-consumer CBD product manufacturers in the entire world”
  • With added resources, Sonder Fulfillment can increase marketing efforts, create new distribution channels and vastly expand international footprint

Golden Triangle Ventures (OTC: GTVH), a multifaceted consulting company pursuing ventures in the health, entertainment and technology industries, has completed the acquisition of Sonder Fulfillment LLC (https://cnw.fm/hNv0A). GTVH focuses on purchasing, acquiring or entering joint ventures with high-quality companies that, with GTVH’s support and resources, can develop into unique opportunities, and Sonder Fulfillment is a perfect example of that strategy put into action.

“The team at Sonder Fulfillment have been partners of ours for a long time, and we have all been working together for years on many different projects,” said Golden Triangle Ventures CEO Steffan Dalsgaard. “Completing this acquisition brings one of the most amazing teams I have ever had the pleasure to…

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NOTE TO INVESTORS: The latest news and updates relating to GTVH are available in the company’s newsroom at https://cnw.fm/GTVH

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

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Golden Triangle Ventures Inc. (GTVH) Is ‘One to Watch’

June 7, 2021 10:39:07

  • Golden Triangle Ventures Inc. is a multifaceted consulting company pursuing ventures in the health, entertainment and technology industries
  • Global Health Services, a wholly owned subsidiary of Golden Triangle, does business in the industrial hemp/CBD industry
  • Lavish Entertainment, a wholly owned subsidiary of Golden Triangle, has helped organize some of the most exciting electronic dance music concerts in Las Vegas
  • HyFrontier Technologies, a wholly owned subsidiary of Golden Triangle, owns HyGrO, a patent-pending molecular hydrogen and oxygen delivery system for the agriculture industry
  • Napa Wine Brands, a wholly owned subsidiary of Golden Triangle, aims to provide a world-class portfolio of brands birthed from the heart of California’s Wine Country
  • Golden Triangle has recently announced multiple strategic acquisitions aimed at strengthening its portfolio of products and services
  • The company’s management team boasts a diverse background and decades of combined experience in relevant industries

Golden Triangle Ventures (OTC: GTVH) is a multifaceted consulting company pursuing ventures in the health, entertainment and technology industries, with many additional projects being developed that provide synergistic values to these divisions. The company aims to purchase, acquire and/or joint venture with established entities that management can help assist and develop into unique opportunities.

Additionally, GTVH provides a professional corporate representation service to different companies in these sectors while consulting on a variety of business development objectives. The goods and services represented are…

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NOTE TO INVESTORS: The latest news and updates relating to GTVH are available in the company’s newsroom at https://cnw.fm/GTVH

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

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Green Hygienics Holdings Inc. (GRYN) Joins Forces with Mexican Scientific Body, Creates New Company to Research Endocannabinoid Deficiencies

June 1, 2021 10:40:02

  • Green Hygienics has launched TruLife Biotech LLC. to focus on the development and advancement of innovative cannabinoid-based nutraceutical and skincare products and brands
  • The global industrial hemp market was valued at $5.66 billion in 2020 and is expected to reach a value of $27.72 billion by 2028, growing at a CAGR of 25.17%
  • Hemp-derived cannabinoids have been studied for the last 20 years with nothing more than pre-clinical data but the new collaboration with Cinvestav and the creation of TruLife Biotech can help answer these questions and develop the products necessary for ECS deficiencies

Green Hygienics Holdings (OTCQB: GRYN), a California-based tech-driven enterprise focused on the high standard cultivation of industrial hemp and manufacturing of pharmaceutical-grade bioactive cannabinoids, recently announced that to advance R&D efforts, it has entered into a scientific research collaboration agreement with Cinvestav, the Center for Research and Advanced Studies of the National Polytechnic Institute of Mexico (Centro de Investigación y de Estudios Avanzados del Instituto Politécnico Nacional) (https://cnw.fm/5f2Z8).

Cinvestav is a high-ranked, leading Mexican multidisciplinary scientific research institute that will work with Green Hygienics in R&D efforts to develop cannabinoid-based products targeting the…

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NOTE TO INVESTORS: The latest news and updates relating to GRYN are available in the company’s newsroom at http://cnw.fm/GRYN

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

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HempNewsBreaks – Hero Technologies Inc. (HENC) Strengthens Balance Sheet with Veteran Hemp

May 27, 2021 10:45:37

Hero Technologies (OTC: HENC) recently received an independent third-party valuation and purchase price allocation for the acquisition of the assets of Veteran Hemp Co. “In November 2020, Hero Technologies entered into a purchase agreement to acquire all the assets of Veteran Hemp Co. from Patriot Shield National LLC,” reads a recent article. Veteran Hemp Co., which offers hemp that is tested, tasted and veteran approved, is committed to providing quality, consistent, delicious product, and it accomplishes this by working with the best farmers in the country, delivering the best genetics, helping at every point along the way, and packaging only the best product. “According to the valuation, which was calculated by Doty Scott Enterprises, the acquired assets from Veteran Hemp are valued at $169,711. The report noted that the acquisition improved Hero Technologies’ balance sheet with $140,805 in total tangible assets, $71,526 in net tangible assets, and $98,195 in intangible assets, including trade names, customer base and goodwill.”

To view the full article, visit https://cnw.fm/Mfo8F

About Hero Technologies Inc.

Hero Technologies is a cannabis company working toward a vertically integrated business model. The company owns a majority stake in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation system that provides optimal growing conditions to enhance photosynthesis and cultivation of large flowering plants, creating increased harvest efficiencies. Hero Technologies’ strategic business plan includes cannabis genetic engineering, farmland for both medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, and retail and dispensary operations that make the company a multi-state operator (“MSO”). For more information about the company, visit www.HeroTechnologiesinc.com.

NOTE TO INVESTORS: The latest news and updates relating to HENC are available in the company’s newsroom at https://cnw.fm/HENC

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

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Hero Technologies Inc. (HENC) Receives Confirmation of Value of Veteran Hemp Acquisition

May 20, 2021 09:13:15
  • Company pleased that independent review has confirmed fair value of Veteran Hemp Co. asset acquisition
  • HENC entered into purchase agreement to acquire all assets of Veteran Hemp Co. in November 2020
  • Hero Technologies CEO noted that “acquisition is in line with our company’s growth strategy of adding accretive assets to our portfolio”

Hero Technologies (OTC: HENC), a cannabis company focused on a vertically integrated strategy, has received an independent third-party valuation and purchase price allocation for its acquisition of the assets of V Broker LLC., or Veteran Hemp Co. (https://cnw.fm/hGJwu).

“We are pleased that an independent review has confirmed the fair value of our Veteran Hemp Co. asset acquisition,” said Hero Technologies CEO Gina Serkasevich. “As we continue to develop and execute our integrated ‘seed to sale’ market strategy for cannabis products, we strive to make…

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NOTE TO INVESTORS: The latest news and updates relating to HENC are available in the company’s newsroom at https://cnw.fm/HENC

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

To receive instant SMS alerts, text HEMPWIRE to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.HempWire.com

Please see full terms of use and disclaimers on the HempWire website applicable to all content provided by HW, wherever published or re-published: https://www.HempWire.com/Disclaimer

Do you have a questions or are you interested in working with HW? Ask our Editor

HempWire (HW)
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www.HempWire.com
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HempWire is part of the InvestorBrandNetwork.

Grapefruit USA Inc. (GPFT) Releases FY2020 Financial Report, Notes 714% Revenue Growth

May 13, 2021 11:57:42
  • Company announces renegotiation of $4.2 million of convertible notes
  • Report shows net revenues of $3,672,353 for the year ended Dec. 31, 2020, an increase of $3,221,157 over 2010 revenues
  • GPFT looks forward to growing distribution business, ushering in the age of Hourglass

After spending the last six weeks renegotiating key terms of an estimated $4.2 million of convertible notes, Grapefruit USA (OTCQB: GPFT) announced its financial results for fiscal year 2020, the period ended Dec. 31, 2020 (https://cnw.fm/L7rv5). In addition to the restructure of the convertible debt, a highlight of the report in was the company’s 714% year-over-year revenue growth.

“We are pleased to report net revenues of $3,672,353 for the year ended Dec. 31, 2020, an increase of $3,221,157 or 714% over revenues of $451,196 for the year ended Dec. 31, 2019, despite operating during a global pandemic,” said Grapefruit CEO Brad Yourist. “We are also heartened to report that over the last several weeks we have been engaged in an exercise in holding the line for our…

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NOTE TO INVESTORS: The latest news and updates relating to GPFT are available in the company’s newsroom at https://cnw.fm/GPFT

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

To receive instant SMS alerts, text HEMPWIRE to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.HempWire.com

Please see full terms of use and disclaimers on the HempWire website applicable to all content provided by HW, wherever published or re-published: https://www.HempWire.com/Disclaimer

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HempNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Releases Q1 2021 Financial Report, Corporate Updates

May 13, 2021 08:57:26

The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organically grown cannabis, announced its unaudited interim financial numbers for the quarter ended March 31, 2021, as well as key corporate updates. Financial highlights included revenue Q1 revenue of $8.98 million, an increase of 194% from Q1 2020 numbers; gross profit for the quarter reach $3.13 million, an increase of 83% over the same period during the previous year; and net income totaled $12.46 million. In addition, the company provided status reports on various business operations, including the company’s planned entry into the U.S. market, the sale of its Quebec facility and other key strategic initiatives designed to maximize shareholder value, which include the potential sale or spin-off for an IPO of HemPoland, TGOD’s wholly owned subsidiary, and the potential for mergers and acquisitions in the Canadian cannabis LP sector. In conjunction with the release of its financial numbers, TGOD announced an investor conference call and webcast to discuss the Q1 2021 report. The event is scheduled for May 13, 2021, at 10 a.m. ET. Anyone desiring to participate may dial 416-764-8688 in Toronto or 1-888-390-0546 in North America and use the conference ID 19888977. “This quarter’s improving financials demonstrate how we are strengthening TGOD’s foundations by executing our turnaround plan,” said TGOD CEO and interim CFO Sean Bovingdon in the press release. “From monetizing underutilized assets to streamlining our organizational structure and strengthening our balance sheet, our new leadership team is making great strides towards completing the transformation of TGOD into a profitable and agile organic cannabis producer that stands to benefit from accelerated growth in Canada and abroad with opportunities in Germany, Mexico, Australia and the United States. The achievement of net income reflects the positive outlook for our cash flows in relation to our right-sized operations. We look forward to the potential lifting of COVID restrictions as vaccinations increase, which will allow for better access for consumers to our organically grown quality products, that are now consistently achieving THC levels greater than 20%.”

To view the webcast, visit https://cnw.fm/ODgfS

To view the full press release, visit https://cnw.fm/15F93

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman is a premium certified organically grown cannabis company focused on the health and wellness market. Its organic cannabis is cultivated in living soil, as nature intended. The Company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities have been built to LEED certification standards and its products are sold in recyclable packaging. In Canada, TGOD sells dried flower and oil, and recently launched a series of next–generation cannabis products such as hash, vapes, organic teas and dissolvable powders. Through its European subsidiary, HemPoland, the company also distributes premium-hemp CBD oil and CBD-infused topicals in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale. For more information about the company, please visit www.TGOD.ca.

NOTE TO INVESTORS: The latest news and updates relating to TGODF are available in the company’s newsroom at http://cnw.fm/TGODF

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

To receive instant SMS alerts, text HEMPWIRE to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.HempWire.com

Please see full terms of use and disclaimers on the HempWire website applicable to all content provided by HW, wherever published or re-published: https://www.HempWire.com/Disclaimer

Do you have questions or are you interested in working with HW? Ask our Editor

HempWire (HW)
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HempWire is part of the InvestorBrandNetwork.

HempNewsBreaks – Why Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Is ‘One to Watch’

May 10, 2021 12:45:55

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a torchbearer blazing a new frontier in American cannabis, adheres to the highest ethical, manufacturing, educational, branding and employment standards available in the industry. “Red White & Bloom is a super state operator, leveraging a sizable footprint to dominate the areas in which it operates. CEO Brad Rogers and other management members have seen the struggles of multistate operators who have spread themselves too thin, which is why Red White & Bloom is intent on dominating each state it enters before expanding further,” reads a recent article about the company. “Red White & Bloom has entered strategic brand acquisitions and partnerships aimed at helping the company expand its presence and position as one of the largest players in the United States cannabis market. Red White & Bloom is always diligently searching for brands to acquire that will provide additional value to the company and expand its national footprint.”

To view the full article, visit https://cnw.fm/RD67E

About Red White & Bloom Brands Inc.

Red White & Bloom Brands is positioning itself to be one of the top-three, multistate cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on major U.S. markets, including Florida, Illinois, California, Michigan, Oklahoma and Arizona with respect to cannabis, as well as the United States and internationally for hemp-based CBD products. For more information about the company, visit www.RedWhiteBloom.com.

NOTE TO INVESTORS: The latest news and updates relating to RWBYF are available in the company’s newsroom at https://cnw.fm/RWBYF

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

To receive instant SMS alerts, text HEMPWIRE to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.HempWire.com

Please see full terms of use and disclaimers on the HempWire website applicable to all content provided by HW, wherever published or re-published: https://www.HempWire.com/Disclaimer

Do you have questions or are you interested in working with HW? Ask our Editor

HempWire (HW)
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www.HempWire.com
303.498.7722 Office
Editor@HempWire.net

HempWire is part of the InvestorBrandNetwork.