Author: TroyFlowers

Denver Roofer Offers Potential New Customers $500 in Free Weed

Image Credit: Masterpiece Roofing & Painting Facebook Page With legal cannabis being a multi-billion dollar industry in Colorado, it seems like every single week there is some kind of new innovative product or service hitting the marketplace. In this particular instance, it wasn’t a new cannabis product or service – it was a service provider offering new customers $500 in free herb for doing business with his company. The owner of Masterpiece Roofing and Painting, Rex “the Roofer” Corley recently released a video on his company’s Facebook page telling everyone about his unique new promotion. The video features another...

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Organigram Reports Q3 Financial Results – Increased Product Quality – 25% Patient Growth

SHARE THIS POST MONCTON, NEW BRUNSWICK–(Marketwired – July 28, 2017) – Organigram Holdings Inc. (TSX VENTURE:OGI)(OTCQB:OGRMF) (“Organigram” or the “Company“) announces the financial results for the quarter ending May 31, 2017. Organigram’s financial results for the quarter completed May 31, 2017 included expenses associated with the implementation of an industry leading quality assurance program (the “QA Program“). The QA Program was implemented to ensure that the Company produces the highest quality product available in the marketplace and in response to a previously announced voluntary recall of certain product produced in 2016. As a result of Organigram’s increased focus on product quality and safety with the stated objective of establishing a leadership position in such regard within the industry, the Company focused on introducing product of the highest quality to the market. In practice, the program effectively identified product lots that were to be removed from inventory well before being introduced to the marketplace. The successful implementation of this program resulted in a reduction in inventory value for the quarter. Organigram is pleased with the results and progress made during the quarter from an operational perspective and management is confident that these actions build the foundation for long-term success for the Company. This focus on product quality contributed to a 25% net increase in registered patients in Q3 when compared to Q2. Additionally, the Company continued to make significant headway...

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Alliance Negotiates Equity Partnership for Licensed Cultivation Facility in City of Long Beach

July 27, 2017 – Vancouver, B.C. – Alliance Growers Corp. (CSE: ACG; FWB: 1LA; WKN: A2DFYX) (“Alliance Growers” or the “Company”) is pleased to announce that the Company has entered into negotiations with a private company for an equity partnership for a licensed cultivation facility in the City of Long Beach. The partnership will be for a 100% ownership in a 6000 sq. ft. licensed medical marijuana cultivation building and a 50% or higher ownership of the cultivation business. The intention would then be to add a Manufacturing License which would add an additional valuable revenue stream to the business. This would provide full ownership of the building and two revenue streams while leaving the running of the day-to-day business to the private company team.  Alliance also expects to provide tissue cultured plantlets to the facility and potentially other facilities in California via an “in-house” lab arrangement.  Alliance will be working with a long-time legal contact in California to begin working through the various rules and regulations with regard to foreign ownership of a US cannabis operation. Dennis Petke, Alliance Growers’ President and CEO, commented on the proposed partnership. “We are very excited to have been presented this tremendous opportunity in the heart of the marijuana-friendly state of California, in a location with the stature of The City of Long Beach. The market is making tremendous inroads into the...

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New Health Canada Regulations Allow for Substantial Increase in MYM Vault Size

Vancouver, B.C., July 27, 2017 – MYM Nutraceuticals Inc., (CSE: MYM) (the “Company” or “MYM”) is extremely pleased to announce that Health Canada has introduced new regula-tions that will allow for a substantial increase in production at the Laval location vault size. The new regulations will increase the authorized capacity of the vault size from 320kg to 1000kg of dried cannabis. At full capacity, the increase in vault size represents an additional $3,400,000 in gross revenue. The new regulations enable MYM to manage the production of cannabis products based on the capacity and security of the vault. Secondly, low-value cannabis waste products will not be included in the maximum authorized storage capacity. This will create additional storage space in the secure vault for finished cannabis products. Under the new regulations, MYM will no longer have to wait for Health Canada to conduct a pre-license inspection to begin cultivation. MYM will now be required to demonstrate that the location is in good working order. Health Canada will follow up with inspections during the cultivation of cannabis. About MYM MYM Nutraceuticals Inc. is an innovative company focused on acquiring Health Canada licenses to produce and sell high-end organic medicinal cannabis supplements and topical products. To ensure a strong presence and growth potential within the industry, MYM is actively looking to the acquire complementary businesses and assets in the technology, nutraceuticals and...

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