Category: Sponsors

Quinsam Announces Letter of Intent To Provide Debt Financing To Earn 15% Equity Stake in ACMPR Application Lineage Grow Company Commences Trading

SHARE THIS POST Toronto, Ontario, March 5, 2018 – Quinsam Capital Corporation (“Quinsam” or the “Company”) (CSE:QCA) is pleased to announce that it has signed a binding letter of intent (“LOI”) with Medicinal Compassion Canni Farms Inc. (“Licenseco”) and a numbered company (“Buildingco”) to provide financing for a late-stage Access to Cannabis for Medical Purposes Regulations (“ACMPR”) applicant.Pursuant to the LOI, Quinsam will advance a $1.5 million loan for a period of 12 months at an interest rate of 12%. The loan will be secured by a mortgage on a 54,000 square foot building in Guelph, Ontario on a 2.75 acre lot. Security also includes an assignment of leases, personal guarantees and general security agreements. The loan is subordinate to certain other indebtedness. Proceeds of the mortgage will be used to complete the ACMPR buildout of the facility. The buildout will consist of 10,000 square feet of office space, 24,000 square feet of grow operation, and 20,000 square feet will be reserved for future use. Construction of the buildout is currently underway. While this mortgage provides Quinsam with an attractive rate of return on its own, the Company will have the added upside of receiving a 15% equity stake in both the Buildingco and the Licenseco. Quinsam also retains an option to convert the balance of the loan, plus applicable fees and interest, into additional equity stakes of both...

Read More

Cannabis Wheaton Income Corp. Announces Closing of Definitive Agreement With Streaming Partner FV Pharma Inc.

SHARE THIS POST VANCOUVER, British Columbia, March 05, 2018 (GLOBE NEWSWIRE) — Cannabis Wheaton Income Corp. (TSX.V:CBW) (“Cannabis Wheaton” or the “Company”) is pleased to announce that further to its previously announced letter of intent, it has entered into a binding definitive agreement (the “Agreement”) with its streaming partner FV Pharma Inc. (“FV Pharma” or “FV”) to develop all aspects of FV’s cannabis cultivation facility in mutually agreed staged phases (the “Facility Development”), with the potential to build out the largest indoor cannabis cultivation facility in the world. The FV Pharma state-of-the-art facility (the “Facility”), hosts an existing 620,000 square feet of building space and is famously known as the former KRAFT® food manufacturing facility. The Facility is ideally situated only one hour east of Toronto in Cobourg, Ontario, off of the 401 highway and has access by car or rail to Ottawa and Montreal. Pursuant to the Agreement, the Company will receive a 49.9% stream of all cannabis (or cannabis-derived products including any immature cannabis plants and any cannabis trim) produced at the Facility, under partnership with Cannabis Wheaton, in perpetuity (the “Cannabis Wheaton Allocation”). The Company estimates that the Cannabis Wheaton Allocation will result in approximately 200,000,000 grams of cannabis for the Company’s benefit per annum upon completion of all phases of the Facility Development.In exchange for the Cannabis Wheaton Allocation, using its unique expertise and experience...

Read More

PotNetwork Holding’s Diamond CBD Signs Exclusive Global Affinity Marketing Agreement with Exponential, Inc.

SHARE THIS POST FT LAUDERDALE, Fla., March 05, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE–PotNetwork Holding, Inc. (OTC Pink:POTN) (“Company”) today announced that its subsidiary, Diamond CBD, Inc., had entered into an exclusive agreement with affinity marketing company Exponential, Inc., (“XPO2”), a cause-related technology marketing firm that develops white-label e-commerce platforms serving charities, clubs and non-profit organizations globally. Diamond CBD, selected as the exclusive XPO2 CBD product supplier, will be providing all 18 of its top quality CBD brands to XPO2’s extensive network of hundreds of major participating online merchants including Best Buy, Walmart, eBay, Groupon, Macy’s, Skechers, Nike, Staples, and many other online industry leaders. “This new commercial partnership with XPO2 represents a major milestone for our Company,” said Richard Goulding, CEO of PotNetwork Holding Inc. Among the affinity groups represented by Exponential is the United Pro Soccer League, which represents more than 140 teams, and the Los Angeles Jr. Kings Hockey Club, plus numerous other affinity groups and charitable organizations across the U.S. and Australia. Goulding concluded: “This program will enable us to reach totally new consumer market segments centered in affinity marketing, and we are confident that consumers who use such affinity marketing programs will discover the exceptional value and effectiveness of our ever-expanding product line. We believe Diamond CBD’s will thrive even further as a result of this initiative.” Several hundred additional organizations are...

Read More

Earth Science Tech, Inc. (ETST) Update on Human Trials of CBD-based Formula Targeting Opioid Crisis Covered by NetworkNewsAudio

SHARE THIS POST NEW YORK, March 05, 2018 (GLOBE NEWSWIRE) — via NetworkWire — NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company for business, today announces the audio version of a recent Earth Science Tech, Inc. (OTC: ETST) press release titled “Earth Science Tech, Inc. Finalizes Plans for Human Trials on New CBD-Based Formula Targeting Opioid Addiction Epidemic.” To hear the Earth Science Tech, Inc. AudioPressRelease (APR) version, visit: http://nnw.fm/uR4QOTo read the original press release, visit: http://nnw.fm/YU5hv About Earth Science Tech, Inc. Earth Science Tech has among the highest quality, purity and full-spectrum high-grade hemp CBD (cannabidiol) oil on the market. Made using the superior supercritical CO2 liquid extraction, ETST’s CBD oil is 100% natural and organic. The company’s research, performed alongside the University of Central Oklahoma and DV Biologics laboratory, demonstrates that ETST is the top nutritional and dietary supplement brand for high-grade hemp CBD oil. To learn more and to buy CBD Hemp Oil, please visit: www.EarthScienceTech.com. About NetworkNewsAudio NetworkNewsAudio (NNA) , a NetworkNewsWire (NNW) Solution, allows you to sit back and listen to market updates, CEO interviews and a Company AudioPressRelease (APR). These audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio (NNA) is another NetworkNewsWire (NNW) Solution that can assist your company by cutting through the overload of information in today’s market, NNA brings its clients unparalleled visibility, recognition and brand awareness. NetworkNewsWire...

Read More

MGC Operational and Strategy Update

SHARE THIS POST • Production of first CannEpilTM batch remains on track for completion in March, with grant of full GMP Certification of MXC’s European laboratory and compounding facility expected soon after this final compliance stage• All extraction equipment and systems now fully installed at MXC’s European Facility, for commencement of second phase of GMP certification.• RMIT collaboration delivers significant progress in developing the Library of Cannabinoids over the past 6 months• Partnership discussions commenced between RMIT, MXC and leading Israeli research universities to identify and potentially deliver new medicinal cannabis technologies to market• Commencement of first 2018 crop at MXC’s Czech Republic glasshouse facility using new generation cannabis genetics• Extraction of cannabinoids from 2017 Czech botanical production to be completed in Prague during March, to be used in manufacture of new MGC products• Potential strategic investment and JV opportunities for a MXC operation identified with established licensed producers in Australia and North America, providing opportunity to fast track the Company’s operations in both regions to complement its European pharma infrastructure and product development MGC Pharmaceuticals Ltd (ASX: MXC or “the Company”) is pleased to provide the following operational update as it continues to make strong progress across its MGC Pharma, MGC Botanic and MGC Derma divisions. The Company’s core strategic focus remains to build the MGC Pharma business into a leading global bio-Pharma operation, and it has made...

Read More

Maple Leaf Provides Update on its Telkwa, British Columbia Facility

SHARE THIS POST CALGARY, Alberta, March 05, 2018 (GLOBE NEWSWIRE) — Maple Leaf Green World Inc. (“Maple Leaf” or the “Company”) (TSXV:MGW) (OTCQB:MGWFF) is pleased to announce it has received a progress report from the Company’s project manager, MMP Structural Engineering Ltd. (“MMP”), for the Company’s proposed cannabis cultivation facility located in Telkwa, British Columbia (the “Facility”). The foundation of the Facility is expected to be completed in the middle of March as scheduled and Rethinking Construction (“Rethinking”) has advised the Company that the installation of the building structure will start immediately. Rethinking also reported to the Company that the magnesium oxide boards used for the Facility’s exterior and interior sheathing are being fabricated in its factory according to schedule. Rethinking anticipates the installation of the Facility’s building structure will take approximately 1 month to complete, after which interior installations are expected to begin. “We are excited that the construction of the Facility is on schedule, and that we can now concentrate on developing the branding and distribution strategies for the Company’s anticipated operations in Canada in both the medical and recreational cannabis market as we have formulated,” said Raymond Lai, Maple Leaf’s President & Chief Executive Officer. For latest photos of the Facility and further information regarding the Company, please visit www.mlgreenworld.com. About Maple Leaf Green World Inc. Maple Leaf is a public Canadian company that focuses on...

Read More