Category: Sponsors

GB Sciences Partners with Wellcana Group, LLC. in the Development of Medical Cannabis in Louisiana

by Todd | Feb 14, 2018 | General, Pharma & Biotech | • GB Sciences Louisiana LLC. Will Operate One of Only Two Licenses Granted by the State of Louisiana under LSU Agricultural Center’s Medical Cannabis License LAS VEGAS, Feb. 14, 2018 /CNW/ — GB Sciences, Inc. (OTCQB: GBLX) and its wholly-owned subsidiary GB Sciences Louisiana, LLC. (GBSL) are pleased to announce the completion of a new agreement with Wellcana Group, LLC. (Wellcana) to work together on the previously announced initiative for the development of medical cannabis in Louisiana, a joint effort of the Louisiana State University AgCenter and GBSL, operating under the AgCenter’s medical cannabis license, which is one of only two licenses granted by the State. The terms of the agreement provide that Wellcana will buy 15% of the newly-issued equity of GBSL for $3 million. Wellcana also has an option to purchase an additional 35% for an additional $7 million investment. This new influx of cash will enable GB Sciences to redirect financial resources already earmarked for the Louisiana project to other areas of operation and in other jurisdictions. The new funds will be used to complete the construction of the Louisiana infrastructure, and for general corporate purposes. This new agreement also furthers the goals of GB Sciences to bring strategic Louisiana investors into the project. Wellcana will have the right to appoint members to the...

Read More

GrowGeneration Purchases Assets of Groco Supply

by Todd | Feb 14, 2018 | General | Denver,CO., Feb. 14, 2018 (GLOBE NEWSWIRE) — GrowGeneration Corp. (OTCQB: GRWG), GrowGeneration (“GrowGen” or the “Company”), one of the largest specialty retail hydroponic and organic gardening stores, with currently 17 locations serving both commercial and home growers, today announced that it has purchased certain assets of Groco Supply located in Bellevue, WA. The assets include both inventory and customer accounts equaling up to $1.0M in new business for GrowGeneration Washington. GrowGen CEO Comments Commenting on GrowGen’s asset purchase of Groco Supply, Darren Lampert, Co-Founder and CEO, said, ” The purchase of the assets of Groco demonstrates GrowGen’s strategy to consolidate new customers and revenue from hydroponic stores who are looking to align with a national company that has economies of scale. GrowGen is identifying these types of opportunities around the country that are accretive to revenue and income.” About GrowGeneration Corp.: GrowGeneration Corp. (“GrowGen”) owns and operates specialty retail hydroponic and organic gardening stores. Currently, GrowGen has 17 stores, which includes 9 locations in Colorado, 4 locations in California, 2 locations in Las Vegas, 1 location in Rhode Island and 1 location in Washington. GrowGen carries and sells thousands of products, including organic nutrients and soils, advanced lighting technology and state of the art hydroponic equipment to be used indoors and outdoors by commercial and home growers. Our mission is...

Read More

Marapharm Ventures Inc. Closes on California Dispensary

by Todd | Feb 13, 2018 | CULTIVATION & RETAIL, General | 0 comments February 14, 2018, Kelowna, BC – Marapharm Ventures Inc., (“Marapharm” or the “Company”) is very pleased to announce that it has closed on the acquisition of an operational dispensary, Green Leaf Wellness in Desert Hot Springs, California, as previously stated in news releases on November 27th, December 20th, 2017 and in the Company’s corporate update on January 1st, 2018. Green Leaf Wellness “GLW” is an established dispensary with a successful medical cannabis history. It has provided valuable support to local patients and veterans in the community and has been successful in developing long lasting relationships in the community with innovative communication, marketing and social media. The dispensary is within 4 miles of Marapharm’s two cultivation facilities which are currently in the planning and development stage. The location is off of the I-10, a major freeway between Phoenix and Los Angeles with a traffic count of approximately quarter million cars a day. Current management will be staying on to support a positive and seamless transition for staff and patrons. Marapharm looks forward to launching a new website, multi social media presence, and “uplifting” the store to better serve both medical and recreational visitors, with the highest quality cannabis products, excellent standards and product knowledge. “California’s cannabis market is expected to soar to $5.1 billion — and...

Read More

INDIVA Closes $14,950,000 Public Financing of Units

by Todd | Feb 13, 2018 | CULTIVATION & RETAIL, General | 0 comments LONDON, Ontario, Feb. 13, 2018 (GLOBE NEWSWIRE) — INDIVA Limited (TSX-V:NDVA) (“Indiva” or the “Company”), a federally-licensed producer of medical cannabis, is pleased to announce that it has closed its previously announced “bought deal” short form prospectus offering of units (“Units”) of the Company (the “Offering”), which included the exercise of the over-allotment option granted to the Underwriters (defined below) in full. In connection with closing of the Offering, 14,238,150 Units were sold at a price of $1.05 per Unit (the “Issue Price”) for aggregate gross proceeds of $14,950,057.50. The Offering was completed by a syndicate of underwriters including Eight Capital, as sole bookrunner and lead underwriter, and PI Financial Corp. (the “Underwriters”). Each Unit is comprised of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $1.30 until February 13, 2020. If the volume weighted average price of the Common Shares on the TSX Venture Exchange is equal to or greater than $2.10 for any 10 consecutive trading days, the Company may, upon providing written notice to the holders of Warrants within 10 days of the occurrence of such event, accelerate the expiry date of the Warrants to the date...

Read More

Entry Into Cannabis Tech Sector – CaliPharms 2018 Growth Strategy

by Todd | Feb 13, 2018 | CULTIVATION & RETAIL, General | 0 comments Riverside, CA, Feb. 13, 2018 (GLOBE NEWSWIRE) — CaliPharms, Inc. (OTC PINK: KGET), a Development Stage Company operating in the California Medicinal Cannabis Industry, publicly trading under the OTC Markets symbol “KGET” releases its growth plans for 2018. CaliPharms has expanded its acquisition model into the Cannabis Tech Sector with a medical cannabis delivery app. The Company has already met three times with a cannabis delivery blockchain app developer that could expand the CaliPharms business model into the cannabis tech sector. According to the app developer in laymen’s terms; the App was developed to deliver Cannabis and Cannabis related products to legal use home users with a similar type of customer coordination as the Uber App. The App would not physically touch the product, but it would connect customers to drivers and bill the customers using the block-chain internal software. Essentially the system could allow customers to pay by credit card and have the products delivered to their home. An internal cryptocurrency would be used to complete each transaction. The company would have to hold actual Government Currency within its account to bridge each transaction from delivery to doorstep. CaliPharms President Bo Linton stated, “We continue our meetings with potential acquisition candidates within the Cannabis Industry. So far this year we have already had very...

Read More

Aphria announces closing of Broken Coast Cannabis acquisition

by Todd | Feb 13, 2018 | CULTIVATION & RETAIL, General | 0 comments LEAMINGTON, ON, Feb. 13, 2018 /CNW/ – Aphria Inc. (“Aphria” or the “Company”) (TSX: APH and US OTC: APHQF) today announced that it has closed the previously announced acquisition (the “Transaction”) of Broken Coast Cannabis Inc. (“Broken Coast”), a leading premium cannabis producer located in British Columbia, acquiring 99.86% of all of the issued and outstanding Class A common shares. The closing was effected pursuant to the terms of a definitive share purchase agreement (the “SPA”) dated the date hereof by and among the Company and the vendors party thereto (collectively, the “Vendors”). Pursuant to the SPA, the Company has acquired the Class A common shares held by the Vendors for an aggregate purchase price of approximately CAN$217 million, subject to customary adjustments. The purchase price has been satisfied by Aphria issuing to the Vendors today an aggregate of 14,373,675 common shares in the capital of the Company. “We’re excited to complete this transaction and add one of Canada’s most sought after premium brands to our portfolio,” said Vic Neufeld, Chief Executive Officer of Aphria. “Broken Coast brings award-winning production of small-batch, premium-quality “B.C. bud” and a shared focus on production costs and profitability. When combined with Aphria’s experience in scaling and supply chain management, this acquisition firmly establishes our position as a Canadian leader...

Read More