Grow Solution Holdings Inc. (OTCMKTS:GRSO) In Negotiations To Provide An 80 Unit $20 Million Facility

Grow Solution Holdings Inc. (OTCMKTS:GRSO) In Negotiations To Provide An 80 Unit $20 Million Facility

Grow Solution Holdings Inc. (OTCMKTS:GRSO) has announced that it has commenced final discussions to sign a Letter of Intent to provide a customer near Smithers B.C with an 80 unit $20 million facility. The company will provide more details on the progress of the deal soon.

Agreement
to provide facility part of the company’s expansion plans

The company has been expanding its operations in recent times as part of the company’s strategy to enhance its foothold in the market. Grow Solutions Chief Executive Officer Chad Fischl stated that the move is part of the company’s aggressive global expansion plans. He said that as a company, they were delighted to start a series of Strategic Partnerships and Joint Ventures in the next few weeks and coming months.

Regarding the facility near Smithers B.C,
the CEO stated that currently they are still in negotiations and the processes
are promising. The company will provide a detailed announcement regarding the
deal in the next few days.

Equally, the company has indicated that it
has completed it’s 2017 financial and expects to complete 2018 through 2019
financial in the next four weeks. This will be vital in ensuring the company is
current and remove the stop sign from its symbol.

Product
lease agreement with Sundance Prairie Products

In July the company announced that its
subsidiary AeroGrow Manufacturing Corp had entered a “product lease and loyalty
agreement” with Sundance Prairie Products Ltd. The company expects the project
to begin with the manufactures and building of 32 AeroPod Units. Grow Solutions
anticipates completion of the project towards the end of the second quarter of
2020.

Commenting on the project, the CEO indicated that the agreement underscored the commitment of the company has in offering investors value. He added that this was a significant step in the implementation of the company’s strategic expansion plans across the globe. The CEO indicated that the joint venture project would generate revenue close to $215 million in the next five years.

Besides AeroGrow Manufacturing, the company
also runs another Wholly-owned subsidiary Pure Roots Holdings Ltd.

Published at Wed, 11 Sep 2019 11:42:07 +0000

Industry Stakeholders Address Vaping-Related Lung Disease Outbreak, FTC Warns CBD Companies Against Unsubstantiated Health Claims: Week in Review

Industry Stakeholders Address Vaping-Related Lung Disease Outbreak, FTC Warns CBD Companies Against Unsubstantiated Health Claims: Week in Review

MARSHALL, Mich. – PRESS RELEASE – Michigan Pure Med, Michigan’s largest vertically-integrated pharmaceutical-grade medical cannabis company and parent company of Common Citizen, has urged elected leaders to ban the use of non-natural additives and cutting agents in vape cartridges.

“We urge state leaders to ban the use of non-natural additives and cutting agents in vape cartridges immediately,” said Michael Elias, CEO of Michigan Pure Med. “Manufacturers are cutting corners by using non-natural ingredients as additives in vape cartridges. We urge swift action by elected leaders to ban this potentially hazardous practice.”

Michigan Pure Med also announced that it will remove any and all vape cartridges that don’t disclose ingredients and only sell vape products that are 100-percent free from non-natural additives. Michigan Pure Med has informed all vape manufacturers supplying products to Common Citizen they will be required to detail safety and testing practices, protocols and ingredients so customers can make informed choices.

“Safety is our top priority at Michigan Pure Med, and we are committed to only selling products in our Common Citizen stores that are made from marijuana and all-natural plant material and free from non-natural additives,” Elias said. “As part of our commitment to patient safety, we will be removing any product from our shelves that does not clearly disclose its ingredients or meet the highest safety and quality standards.”

In addition to removing vape cartridges that don’t use natural ingredients or clearly state its ingredients, Common Citizen will only carry products made with natural terpenes found in marijuana and other natural products like lavender (i.e. linalool) and citrus (i.e. limonene). Common Citizen employees will also distribute educational information at its store locations with facts about vaping and how customers can protect themselves from dangerous products that may pose a risk to human health.

As of Sept. 10, there have been as many as 450 cases and six deaths related to vaping, according to the Centers for Disease Control and Prevention (CDC). It is likely many of these cases are linked to illicit vape cartridges that contain synthetic ingredients, including synthetic vitamin E acetate, according to the U.S. Food and Drug Administration. Experts say vitamin E acetate should not be inhaled.

“Safety is our number one priority and it’s high-time for elected leaders to crack down on black market operators who are selling untested, dangerous products and passing it off as medicine,” Elias said. “We need stronger enforcement for bad actors who are causing people to get sick from tainted vape cartridges and we call upon state leaders and licensed manufacturers to adopt Good Manufacturing Practices to make Michigan a leader in consumer safety.”   

Michigan Pure Med is committed to following Good Manufacturing Practices and applying them to every step of its manufacturing process to ensure products are safe for human consumption. Good Manufacturing Practices ensure products are consistently produced and controlled according to quality standards set by the U.S. Food and Drug Administration.

Elias praised Gov. Gretchen Whitmer, the Marijuana Regulatory Agency, and Sen. Curt VanderWall (R-Ludington) for their work and leadership in taking the first steps to making GMP a reality in Michigan.

“The recent vaping related illnesses and deaths are unfortunate and show the urgent need to enact Good Manufacturing Practices,” Elias said. “Good Manufacturing Practices require all raw materials going into marijuana products to be assessed for contaminants before they are turned into a final product. We urge elected leaders to apply Good Manufacturing Practices to every step of the marijuana manufacturing process to ensure products are safe for human consumption and we stand ready to support much-needed research to determine the causes of the recent vaping related illnesses.”

Published at Sat, 14 Sep 2019 14:00:00 +0000

Zenabis Global Inc. (OTCMKTS:ZBISF) Provides Updates On Construction Of Facilities

Zenabis Global Inc. (OTCMKTS:ZBISF) Provides Updates On Construction Of Facilities

Zenabis
Global Inc. (OTCMKTS:ZBISF)

has provided an operations update on its recent facility construction as well
as licensing activities.

The company is finalizing the construction and licensing of the Zenabis Atholville facility and has set sights at Zenabis Langley. The construction at Zenabis Langley is on track with previous guidance. This will increase annual cultivation capacity to 143,200 Kgs of dried cannabis upon completion of licensing.

Review
of design capacity for Zenabis Atholville

Zenabis CEO Andrew Grieve stated that the company attained strong cultivations results in July thanks to cultivation success through June. Grieve said that the company reviewed its design capacity upwards by 35% for Zenabis Atholville. He added that the cultivation team has been refining growing practices to optimize yields from the currently licensed space.

The CEO indicated that through October, the
company expects a range of cultivation approaches and the scale-up of the
facility to result in the substantial room by room variance. After which the
company will attain steady-state yield for every cultivar at the Zenabis
Atholville facility.

The company will update and publish the
latest design updates for the facilities once it has completed harvest from all
the flower rooms. The design capacity for Zenabis Atholville was increased to
46,300 kg per year from 34,300 kg per year.

The
$25 million senior secured bet

Last month the company announced the completion of a new senior secured debt of $25 million. This will enable the company to finalize the expansion of its facilities to attain an annual design capacity of 143,200 kg dried flower. Equally, Zenabis believes that the financing is enough for the company to become cash-flow positive without seeking incremental debt financing, issue incremental equity capital, or raise convertible debt.  

Concerning the senior secured debt, the
company also issued warrants to R.C. Morris Capital Management Ltd for the
acquisition of 902, 514 common stock. Also, it reviewed the terms of the
subordinated secured convertible notes with holders of the Secured Convertible
notes receiving warrants for the acquisition of 1.37 million common shares.

Published at Fri, 13 Sep 2019 12:01:20 +0000

Innovative Industrial Properties Declares Third Quarter 2019 Dividends

Innovative Industrial Properties Declares Third Quarter 2019 Dividends

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a third quarter 2019 dividend of $0.78 per share of common stock, representing a 30% increase over IIP’s second quarter 2019 dividend of $0.60 per share of common stock, and an approximately 123% increase over IIP’s third quarter 2018 dividend of $0.35 per share of common stock. The dividend is equivalent to an annualized dividend of $3.12 per common share, and is the fifth dividend increase since the Company completed its initial public offering in December 2016.

Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% Series A Cumulative Redeemable Preferred Stock.

The dividends are payable on October 15, 2019 to stockholders of record at the close of business on September 30, 2019.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Additional information is available at www.innovativeindustrialproperties.com.

This press release contains statements that IIP believes to be “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts are forward-looking statements. When used in this press release, words such as we “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe” or “should” or the negative thereof or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Investors should not place undue reliance upon forward-looking statements. IIP disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Copyright Business Wire 2019

Source: Business Wire (September 13, 2019 – 6:30 AM EDT)

News by QuoteMedia
www.quotemedia.com

Published at Fri, 13 Sep 2019 11:52:03 +0000

Michigan Pure Med Urges Ban on All Non-Natural Additives Used in Vape Pen Cartridges

Michigan Pure Med Urges Ban on All Non-Natural Additives Used in Vape Pen Cartridges

As new states legalize and regulate cannabis, prospective business owners looking to set up shop in these new markets must first navigate the license application process. How can entrepreneurs craft winning licensing applications to set their business plans in motion?

While all eyes are currently on Illinois’ adult-use market, which is set to launch Jan. 1, there are many similarities across all states’ licensing application processes, and core strategies can be carried over and modified based on a specific state’s application, according to Derek Sigman, director of licensing for SIVA, a full-service cannabis business development firm that provides full state license application support, among other services.

Here, Sigman outlines his top tips for securing a cannabis business license in Illinois and beyond.

1. Perform a self-assessment of the team.

The first step of the license application process should be an honest assessment of the team members that make up the group of applicants, Sigman says. This includes identifying everyone’s unique skillset, as well as the team’s overall vision.

“Part of this process is making sure that you guys have a well-rounded team, that you have people who have experience in cannabis, compliance, marketing [and] operations,” Sigman says. “What you’re going to do when you put the application together to stand out is not just demonstrating, ‘Look, we want to open up a retail facility. Here are our SOPs. Here’s our environmental plan.’ You want to be able to tell a story about your group, what you represent and what you want to accomplish within the community.”

While the most important area of a business license application used to be a company’s operating procedures, over the past year or so, that’s been supplanted by the question of who the applicant actually is.

“What’s your professional experience? What have you done for the community?” Sigman says. “A lot of that … comes back to the self-assessment, where you’re always going to have a couple people that really stand out within your ownership and your management group, and you want to be able to highlight those individuals’ skillsets and experience as you start crafting some of your answers.”

2. Establish a solid employee training plan.

A business’s training plan for its employees should be clearly demonstrated on the application, Sigman says.

“Your training plan really is a core component of your business, and we always encourage applicants to offer training that extends beyond what is required by the state,” he says. “Being able to offer your employees training related to personal and professional development not only demonstrates your commitment to providing meaningful employment opportunities, but it also sets up your business to be able to hire and promote from within so that the people who may be working in a dispensary for the first time today can become your store managers tomorrow.”

3. Work with someone who has experience in the cannabis licensing process.

There is no question that the cannabis business license application process can be daunting; if a state does not implement character or page limits on its licensing applications, applicants could submit up to 700 pages, detailing every detail of the business, Sigman says.

Therefore, once a group of applicants has identified its specific strengths and weaknesses through the self-assessment process, it may be time to hire a consultant experienced in cannabis licensing, or at least turn to another cannabis business operator for guidance.

“We always encourage people to work with somebody in the industry, whether it’s a consulting agency or whether it’s somebody who just has extensive experience,” Sigman says.

Working with a third-party also offers a fresh perspective, he adds. “Oftentimes, groups … will become personally vested in how their business is presented, which is a good thing, but it can also be difficult to truly and impartially analyze the strengths and weaknesses of your business and your applications. Working with a third-party consultant can help ensure that you have a group of people that are able to provide that neutral and essential feedback throughout the development of your application.”

4. Implement—and adhere to—internal deadlines.

As prospective business owners go through the license application process, Sigman says it is vital that they implement internal deadlines for completing the various sections of the application—and that they actually stick to those deadlines.

“When you go to submit, there’s always something else you could’ve done, whether it’s adding an individual to the group that strengthens a portion of your management group [or] establishing a relationship with another civic or local organization—there are always ways you can improve it,” Sigman says. “What you don’t want … is a situation where, leading up to the final days of submission, you’re still waiting for a formal relationship to be established. Every change that you make is going to impact multiple layers of the application. You want everything to read cohesively.”

The application timeline will ultimately be determined by the state, based on when regulators release the application and begin accepting submissions, but even before the application is released, there is work to be done, Sigman says.

“We always encourage people to give it four to six months, and a lot of that goes back to being able to develop relationships in the community,” he says. “Even when you’re looking at a situation when the application window is only a month, the process really needs to be started several months prior, and that’s why we’re encouraging people who are serious about submitting applications and going in on this particular bid [in Illinois] to start putting together your groups and start contacting people as soon as possible so you can get those relationships in place.”

5. Select a location where you already have ties.

When deciding on a location for your business, it is more important to consider areas where you already have connections than to look at regions that have less competition, Sigman says.

“The way Illinois is doing it, there are only a certain number of licenses available in each particular region,” he says. “If you’re trying to play the odds, your odds are higher when you apply to areas that have a higher population and [a] higher [number of] retail licenses available. That being said, those are also the areas that are going to attract the most attention and have the most competition. So, it really comes down to why you want to locate in a particular region. If you have a group of people who have ties to a particular region, whether they grew up there or they’re currently working there, I would highly recommend that people start focusing on those particular areas.”

6. Build relationships in the community as soon as possible.

Once a group settles on a location, Sigman says it’s time to start generating ties with the local community. This process should begin almost immediately upon a group deciding that it wants to pursue a license in a particular area, he says, as it is the most time-consuming aspect of the licensing process.

“When you start talking about the application, when you’re going through making the written responses, the time that it takes to complete those is in your hands. It’s something you have a great degree of control over,” Sigman says.

Applicants should consider working with certain leaders and stakeholders in the community, he says, whether its collaborating with local law enforcement on a security plan or reaching out to educational and religious business leaders to establish relationships and receive feedback.

“Ultimately, … you want to be a part of that community, not just a business that’s located there,” Sigman says. “The people who are going to be able to provide important feedback are the people that are located there. You can do things such as establishing community advisory boards, where you get people who live near the dispensaries [and] different stakeholders and leaders within the industry who have a connection to your business and meet on a regular basis to provide feedback. Give back to the areas that the members of the community say are most needed.”

7. Clearly define your approach to social equity requirements.

The aspect of Illinois’ adult-use cannabis licensing process that stands out to Sigman most is how the state set up its social equity program. When applying for a license in states with social equity requirements, it’s imperative that businesses define a clear approach to how they will meet these requirements.

“Illinois is implementing a new set of criteria for Social Equity Applicants that really extends opportunities to businesses and individuals throughout the state,” Sigman says. “One of the unique components of this particular program is that it extends the qualifications of social equity to family members of individuals that have been impacted by the prior criminalization of cannabis rather than just the individual that was convicted. It’s an important step toward acknowledging the negative impact that criminalization has on entire families and communities.”

In most states’ social equity programs, an applicant must have a certain percentage—usually 51 percent—of equity and control reserved for entities that qualify for that particular state’s equity program. In Illinois, however, there are additional ways that applicants can qualify as Social Equity Applicants.

“With Illinois, the applicant also has the option of having 51 percent or more of their employees living in disproportionately impacted communities if they employ 10 or more people,” Sigman says. “This indirectly incentivizes applicants to find locations that are in or near these disproportionately impacted communities so that they’re located in an area where they can offer employment opportunities to the members of these communities.”

When applying for licenses in Illinois and beyond, applicants should thoroughly understand the state’s social equity requirements and clearly articulate how they will apply under the social equity program, if applicable.

8. Maintain excess capital reserves.

Finances always play a part in the application process, Sigman says, although the actual importance of a business’s financials varies state to state, depending on how much weight regulators apply to this particular area.

To find success in this area, businesses should take an honest look at their sales projections, Sigman says. “You want to make sure that your projections are actually based on assumptions that are realistic and defensible. … The state knows when you’re inflating your overall revenues to try to demonstrate a high amount of tax revenue.”

The amount of cash an applicant needs on hand will largely depend on the area in which he or she plans to locate, he adds, and operating expenses also need to be considered.

“Real estate is always going to be one of your biggest up-front expenses, and when you start looking at how much capital you actually need … and how much you need to demonstrate in the application, you want to be able to at least show that you have … 20 percent [more capital] than what your anticipated operating costs are,” Sigman says. “When states start looking at groups for preliminary approvals for awarding a license, they are going to be wanting groups that are going to be able to enter the market quickly.”

9. Go beyond the minimum requirements.

“One of the things that we always encourage people to do is to make sure that the business plan you’re putting together, you use the regulations as a guideline, but those are really the minimum for what you need to do,” Sigman says. “Everything you put together is going to have to be in excess of what the state actually requires, and having a clear vision of what you represent and what kind of business you want to be, that really guides the entire application process.”

Security plans, for example, are one area where businesses should exceed expectations.

“A lot of the security standards are going to be dictated by the regulations, but when you put together your application, you’re going to need to demonstrate your plan extends beyond just hitting the regulatory requirements,” Sigman says. “You’ll need to incorporate mechanical security systems, virtual security systems and standard operating procedures that show a tremendous amount of forethought and understanding of the risks facing cannabis retailers.”

Published at Fri, 13 Sep 2019 17:48:00 +0000

New Mexico’s Cannabis Task Force in Favor of Licensing Businesses

New Mexico’s Cannabis Task Force in Favor of Licensing Businesses

We’ve recently seen quite a bit of M&A activity in the U.S. cannabis sector, which comes as no surprise following the consolidation that’s occurred in Canada. It makes sense that a growing industry fragmented by scarce institutional capital, varying state-by-state license structures and regulations specifically geared toward individual ownership would eventually mature towards a more familiar model with a handful of players making up the majority of the market. But the real question is: Who will emerge as the winners?

Back in April, Cresco Labs announced its agreement to acquire Origin House in what could be the largest public company acquisition in U.S. cannabis. Fast forward to June, and the potential transaction was delayed by the DOJ due to antitrust review. This isn’t uncommon in the cannabis industry. In fact, it appears this is becoming the norm. The DOJ has extended the HSR Act waiting period via a second request for other transactions as well—even prompting 4Front and Cannex to determine that their combination was not reportable under HSR and they therefore withdrew their filing with the FTC.

This goes to show that the hard part has only just begun. As exemplified above, closing isn’t always smooth sailing. Regulatory, market-related and general transactional hurdles can delay closing or even prevent an announced transaction from crossing the finish line. And that’s just the tip of the iceberg.

The biggest lift is integration.

There’s a laundry list of challenges that makes combining two companies difficult: consolidating different technology platforms, navigating inevitable cultural changes and homogenizing previously independent operations to name just a few of the unavoidable post-merger obstacles to overcome. There are no guarantees that the organization will survive the merger either. A cultural rift that runs too deep can kill a combined company long after closing.

While the consolidation that’s happening in the U.S. cannabis industry is great, companies need to be careful not to spend so much time and money on closing deals in which they haven’t allocated enough resources toward integration. It’s an easy mistake to make. All eyes are on you as you’re closing a headline-grabbing transaction—less so when you’re deciding which ERP software is best going forward for the new organization.

When I navigated the iAnthus acquisitions of both MPX and CBD For Life, planning for integration ahead of closing was critical to effectively and efficiently continue growing operations in the combined company. I frankly had no choice but to plan for a smooth transition since I was joining the iAnthus team as Chief Strategy Officer. However, not all deals have the same level of mutually aligned interests.

Issues can arise in many forms: Individual operators can have a tough time implementing changing standards, employees might find it difficult adjusting to new platforms, and then there’s the most precarious impediment to successful integration of all—the culture clash. Getting caught off guard with any of these can make the already onerous task of merging two independent businesses go from difficult to impossible.

So, one of the best first steps in planning for an array of potential challenges is to identify the likely pain points prior to closing the deal. It sounds simple, yet it’s not always done. Key members of the transition team need to be aware of these potential pitfalls in order to discuss the best ways to manage them. Being on the lookout ahead of time can mean the difference between a seamless integration and wishing you never did the deal in the first place.

The second step is communicating to your employees the areas that will change. Employees want to know their value is recognized by management. And while people can tell you how great it is to work for you, if you’re selling the company and fail to tell employees what they can expect a change in their day to day, the only thing you’re really telling them is their value is no longer recognized. It’s vitally important to include them in the process by proactively opening dialogue about what life will be like at the new organization. Again, this isn’t rocket science, but it’s often overlooked and can quickly lead to decreased productivity and high turnover.

The third step is to let the acquirer know what should not change. If someone is interested in buying your company in this industry, you’re likely doing a few things right. You need to carefully consider some of the practices that have made you so successful, and you should not be shy about them when it comes to the business combination. Navigating the politics that inevitably come with an acquisition can be tricky, but it’s imperative that early on you directly communicate the parts of your business that need to continue operating the same way.

The thing all these steps boil down to is communication. The dialogue needs to be open and honest with the transition team, employees, and acquirer. Sometimes this can be easier said than done, but failing to do so can hinder integration—resulting in delays and even decline. However, planning for change and openly communicating about it can minimize any hiccups and make the transition relatively uneventful.

The cannabis industry is rife with M&A activity. But big deal announcements offer no guarantee about the future of the proposed combined organization. The only thing guaranteed is consolidation, and the way companies integrate will determine which few players will be left at the end of it all.

Published at Thu, 12 Sep 2019 17:29:00 +0000

Next Green Wave Rolls Out Premium Exotic Flower Line In Collaboration With Iconic “NoJumper”

Next Green Wave Rolls Out Premium Exotic Flower Line In Collaboration With Iconic “NoJumper”

Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) (“Next Green Wave”, “NGW” or the “Company”) is pleased to announce that it has partnered with the iconic “NoJumper” brand and host “Adam 22” to roll out its latest premium exotic flower strains. The products will be featured on a monthly basis through NoJumper’s Podcast with 45 million viewers per stream and Next Green Wave’s brand house SDC. The flower will be available at leading Los Angeles and San Diego dispensaries, including March and Ash within two weeks.

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With over 45 million views per stream, NoJumper has become an influential hub to launch upcoming musicians, artists and acts on its weekly celebrity-spot podcast show. NoJumper clothing and merchandise are currently sold at their Melrose store in Hollywood and Zumiez clothing stores nationwide.

This strategic partnership will enable Next Green Wave to gain access to major cultural events such as music festivals and leverage its many influencer and celebrity social channels that directly reach the Company’s target consumer demographic.

“We are really thrilled about the collaboration with NoJumper as it demonstrates we are ready to permeate major consumer markets and are delivering premium craft product that is being sought out for its quality and value, which is currently lacking in the legal market in California.” -Michael Jennings, CEO.

“Recently we did a test pop-up shop and meet and greet with Adam 22 in Chicago and to our surprise over 1000 people attended, some even slept in line overnight to be first inside. That is when we knew this brand has real reach and a powerful voice of influence.” – Ryan Lange CMO

In addition, the Company would like to announce that it has completed a Non-Brokered financing of 2,000,000 units (the “Units”) at a price of $0.25 per Unit for gross proceeds of $500,000 (the “Financing”). Each unit will be comprised of one common share of Next Green Wave (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder there of to acquire one Share at a price of $0.35 for a period of 24 month, subject to an acceleration provision whereby in the event that at any time after the expiry of the statutory hold period, the Shares trade at $0.50 or higher on the Canadian Securities Exchange for a period of 10 consecutive days, the Company shall have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise the acceleration right.

There were no finders’ fees incurred in connection with the Financing.

The Company intends to use the proceeds from the Financing to accelerate inventory purchase requirements and marketing initiatives for our SDC products, brands, and operations.

NoJumper

Adam John Grandmaison, better known as Adam22, is an American podcast host, internet personality, and record executive. He is best known for being the creator and host of pop culture and hip hop-oriented podcast NoJumper. NoJumper has grown into a Mega Brand that started in a small BMX stop on Melrose Avenue next to the famed BAIT store. It is there that they started interviewing professional athletes and music celebrities for their podcast that quickly grew to over a million followers on Instagram. The team is well known for breaking new Hip Hop acts and introducing major artists on their channel.

About Next Green Wave

NGW is a fully integrated premium cannabis producer with 8 legacy brands and over 45 products through its subsidiary WEARESDC. Based in Coalinga, California the company owns and operates a state-of-the-art cultivation facility and is currently expanding operations on the cannabis zoned property it is situated on. NGW has a seed library of over 120 strains which include multiple award-winning genetics and cultivars and is developing its nursery cloning operations with bio-tech leader Intrexon. The company also has an investment in OMG, a Colombian cannabis operator with over 8,000 access points of sale. To find out more visit us at www.nextgreenwave.com or follow us on TwitterInstagram, or LinkedIn.

On behalf of the board,

Michael Jennings, CEO

Next Green Wave Holdings Inc.

For more information regarding Next Green Wave, contact:

Caroline Klukowski

VP Corp. Development

Tel: +1 (778) 589-2848

IR@nextgreenwave.com

Next Green Wave Forward Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, among others, the risk factors included in the preliminary prospectus, including without limitation dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing state, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits to complete construction of its proposed facilities in a timely manner; engaging in activities which currently are illegal under US federal law and the uncertainty of existing protection from U.S. federal or other prosecution; regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization, particularly in California, due to inconsistent public opinion, perception of the medical-use and adult-use marijuana industry, bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; NGW’s limited operating history and lack of historical profits; reliance on management; NGW’s requirements for additional financing, and the effect of capital market conditions and other factors on capital availability, including closing of Tranche 1 and Tranche 2 of the Notes; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers. Readers are encouraged to the review the section titled “Risk Factors” in NGW’s prospectus. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although NGW has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. NGW no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47754

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Authored By

Anthony Varrell

Anthony Varrell is Managing Director of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

Published at Thu, 12 Sep 2019 13:17:35 +0000

Elev8 Brands Inc. (OTCMKTS:VATE) Places A Reorder Of 100K Iced Tea Bottles

Elev8 Brands Inc. (OTCMKTS:VATE) Places A Reorder Of 100K Iced Tea Bottles

Elev8 Brands Inc. (OTCMKTS:VATE) has announced a reorder of 100,000 units of its ready to drink CBD-Infused tea along with a spectacular new look as it gains national traction.

New
design around Elev8 Hemp logo

The new order will showcase the creative
new design around the upgraded Elev8 Hemp logo. The new design will feature
across all the company products, thus creating continuity which is an essential
element for emerging brands. Eleve8 has gained a grip on the market in just a
few months of selling through the initial run of the ready to drink products.

Elev8 believes that having an easily
recognizable logo is an important part in the establishment of a national brand.
The spectacular new design makes the company distinct and easily legible to new
customers as well as those familiar with the brand.

In the meantime, Elev8 has placed a small reorder of ready to drink CBD-infused coffee and tea with the current labels. In line with the small run, the company placed an order of 100k ready-to-drink iced tea bottles. The bottles are already in hand and are waiting for the newly designed labels before shipping. Elev8 is encouraging consumers and investors to watch out for the official new flavors expected in the coming weeks.

Collaboration
with Bright Rain Collaborative

Elev8 is partnering with Bright Rain
Collaborative (BRC) for all its marketing and branding. The company will
benefit from the leadership experience of BRC in marketing and advertising. BRC
has marketed and advertised for some of the well-known brands such as Olive
Garden, Cheribundi Tart Cherry Juices, Barnies, BlockStrong, Coffee & Tea
Company as well as Lennar. Equally, over the years, they have brought several
emerging brands and startup to the national scene.

Bob Sitter, the CEO of BRC, said that Elev8 Hemp and its product line are ready to take a leadership role in the CBD space. He added that they have over 30 years of experience in developing emerging brands.

The redesign comes at a time when Elev8
Hemp’s presence in the CBD market continues to grow.

Published at Thu, 12 Sep 2019 12:13:23 +0000

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Published at Wed, 11 Sep 2019 12:53:23 +0000






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