Category: CULTIVATION & RETAIL

Maricann Announces Receipt for Amended & Restated Preliminary Prospectus for the Qualification of Units Underlying Special Warrants

SHARE THIS POST TORONTO, Ontario, March 6, 2018 – Maricann Group Inc. (CSE:MARI, OTCQB:MRRCF, FRANKFURT:75M, “Maricann” or the “Company”) is pleased to announce that it has obtained a receipt for an amended & restated preliminary short form prospectus (the “Prospectus”) filed in each of the Provinces of Ontario, British Columbia, Alberta, Saskatchewan and New Brunswick (the “Qualifying Jurisdictions”) in connection with the qualification of 21,131,250 common shares and 10,565,625 warrants issuable upon deemed exercise of 20,125,000 previously issued special warrants. The Company raised aggregate gross proceeds of $40,250,000 pursuant to the offering of special warrants which closed on January 9, 2018. The Company remains committed to continue efforts to complete the prospectus qualification process for the distribution of the units underlying the 20,125,000 special warrants. As previously announced each special warrant will entitle the holder to receive, upon the exercise thereof, for no additional consideration, 1.05 units (instead of one (1) unit) provided, however, that any fractional entitlement to such units will be rounded down to the nearest whole unit. There is no assurance that a final short form prospectus will be filed or that a receipt therefor will be issued by the securities regulatory authorities in the Qualifying Jurisdictions prior to the expiry of the statutory four month hold period on May 10, 2018. A copy of the Prospectus and receipt therefor are available on SEDAR under the...

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Marapharm Ventures Inc. Dispensary Is On Track To Double Sales In First Month

SHARE THIS POST Marapharm Ventures Inc. (CSE: MDM) (OTXQX: MRPHF) (FSE: 2M0) (“Marapharm” or the “Company”), announced in a news release published on February 14, 2018, the closing of “420 Express Delivery, Inc,” dba “Green Leaf Wellness,” a dispensary located in the City of Desert Hot Springs, California. We are delighted to report that the transition of business has been remarkably smooth and well received by existing staff, patrons, and clients. Based on current performance, the dispensary in on track to double sales in the first month of operations. Our legal counsellor, Director of Operations, two consultants and staff, have been instrumental in the success of the transition of “Green Leaf Wellness.” Audits and reviews of inventory, accounting, staffing, security, vendors, and compliance have been the focus of the transition, which will continue to be refined to ensure the success of Green Leaf Wellness. “The team’s efforts have exceeded our expectations! To all of those involved, thank you for your commitment to making this a great beginning of our venture ahead”. Linda Sampson, CEO ABOUT MARAPHARM VENTURES INC.www.marapharm.com Marapharm is a publicly traded company investing in the medical and recreational cannabis space, since 2014. Marapharm has rapidly expanded to include having cultivation, production and dispensary locations in the key North American states of Washington, Nevada, and California, and are seeking expansion opportunities worldwide. FOR FURTHER INFORMATION:www.marapharm.com or Linda Sampson,...

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Friday Night Inc. Closes on Land Purchase Agreement

SHARE THIS POST VANCOUVER, B.C., CANADA (March 6th, 2018) – Friday Night Inc. (the Company or Friday Night) (CSE: TGIF) (FWB: 1QF) (OTCQB: TGIFF) is pleased to announce the closing of its previously announced land purchase agreement. The Company reports that it has closed on the purchase of an additional 2.78 acres of land which is contiguous to the current location that will host Alternative Medicine Association’s (“AMA”) new cultivation facility. AMA now owns 4.17 acres of land on a major thoroughfare in Las Vegas which includes the original plot of 1.39 acres that has already received a special use permit for cannabis cultivation and a building permit for its future, state-of-the-art 67,000 sq. ft. cultivation facility. “The additional land will allow for future expansion of the cultivation facility as well as a new production facility when needed. It could also be used as the location for a retail dispensary license application if the Company decides to apply when that window opens again. This acquisition gives us a strategic advantage and flexibility for our long-term plans to meet the market demand as it grows,” said Mark Zobrist, Managing Partner of Alternative Medicine Association. About Friday Night Inc. Friday Night Inc. is a Canadian public company, which owns and controls cannabis and hemp-based assets in Las Vegas Nevada as well as an international cannabis and mining security logistics consulting firm....

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ABcann Global Provides Business Update

SHARE THIS POST NAPANEE, Ontario, March 06, 2018 (GLOBE NEWSWIRE) — ABcann Global Corporation (TSXV:ABCN) (“ABcann” or the “Company”) is pleased to provide the following business update. “Over the past five months we have enhanced our leadership team, strengthened our balance sheet, improved operational effectiveness and executed a strategic acquisition. Last week, after completing an extensive strategic review of our operations and growth plans, our board of directors approved our 2018 Business Plan, and the ABcann team is now sharply focused on execution,” stated Barry Fishman, Chief Executive Officer. With the closing of our recent oversubscribed financing of $75 million, the Company is well-positioned with over $135 million in cash to accelerate the growth of our business. A disciplined capital allocation process is in place, with the following four priorities: • Expanding to 500,000 square feet to produce over 30,000 kilograms of capacity• Focusing on branding and product innovation in the medical and adult-use sectors• Expanding our proven Harvest Medicine platform to multiple new locations in 2018; and• Developing strategic partnerships in the industry to broaden our reach and scale ABcann is widely recognized as a producer of premium cannabis – grown using proprietary advanced techniques tailored to optimize quality and consistency. High-tech growing is our current differentiator. Our technology allows us to precisely control environmental variables to maximize yield and produce pharmaceutical-grade cannabis. “In mid-2018 we are excited...

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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...

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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...

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