The United States Food and Drug Administration has granted a flavonoid of cannabis (Caflanone) the status of the Orphan Drug. It is estimated that within the next few months, the approved Orphan Drug will be used in clinical trials for treating pancreatic cancer. The clinical trials will involve human subjects. Flavocure is a drug innovation and development company. The company…
Cannabis company Cronos Group Inc. reported a profit in its third quarter, boosted by an $835-million gain in derivative liabilities, as revenue grew to $12.7 million. The company says its net profit amounted to $788 million or 53 cents per diluted share for the quarter ended Sept. 30. That compared with a loss of $7.3 million or four cents per…
Achieving considerable progress in the research and development of new products utilizing its innovative cannabinoid delivery systems In the process of introducing several cannabinoid consumer products based on the company’s internally developed high bioavailability infusion technologies Highly experienced management team with significant participation in the cannabis and hemp industries IP portfolio includes four patents on the company’s cannabinoid delivery technology…
Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on Tuesday announced that it will release its first quarter fiscal 2020 results after market close on Monday, November 25, 2019. GGBXF will also be holding a conference call with company management to discuss the results at 8:30 AM ET on Tuesday, November 26, 2019. To join the call, dial…
It’s a basic tenet of retailing: if you want to reach more customers, you need more locations. And according to the Ontario Chamber of Commerce, that principle applies to pot just as much any other product. The chamber says people in this province are open to allowing a bigger role for private industry in providing convenient access to cannabis, if it helps get…
In October, Quebec-based pot producer Hexo Corp. announced the unveiling of a new cannabis line comprising a hybrid blend of sativa called “Original Stash.” Most newsworthy about the new line of pot: it marked a significant price reduction for the cannabis seller, with 28-gram packages priced at just $4.49 a gram — less than half the average retail price, and…
Canadian securities regulators are calling on companies in the cannabis industry to strengthen their governance and disclosure practices to ensure investors are aware of potential conflicts of interest for executives and directors relating to M&A activity. The Canadian Securities Administrators, an umbrella organization for provincial securities regulators, issued a staff notice on Tuesday saying it will monitor developments in the…
The Yale School of Medicine and CT Pharmaceuticals Solutions Inc. have teamed up to conduct a study on the impact of medical marijuana on stress and mental health. On Friday, Yale and CT Pharmaceuticals announced that they would be conducting a phase-one study on the effects of a variety of cannabis strains with medicinal qualities for alleviating pain and stress.…
According to a new study, the number of people diagnosed with cannabis use disorder (CUD) is not increasing. The results contradict the expectation of public health experts who thought that due to the legalization of marijuana, more people would consume more and more weed. The incidence of CUD is decreasing, and this could be attributed to the growing number of…
Kanvas(TM), a creator of innovative solutions designed to elevate the user experience for legal cannabis and cannabidiol (“CBD”) consumers, this morning announced its latest innovation, a smart pod system. The end-to-end vaporization solution consists of a comprehensive collection of hardware and software features designed to empower brands to provide reliable, controlled experiences to end users. The device features cutting-edge anti-counterfeiting…
Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today released full financial performance data for its recent acquisition of BZRTH, a leading hydroponics ecommerce supplier. Per the update, data for the six months ended June 30, 2019, reveal net profitability on sales exceeding $15 million, which represents 25% revenue growth on a sequential six-month period…
City View Green Holdings (CSE: CVGR) (OTCQB: CVGRF) today amended its buildout and business strategy to respond to the evolving cannabis market. According to the update, City View will put the cultivation buildout and operations on hold until there is a strong business case to enter the cultivation market, and will focus on extraction, edibles and distribution. The company continues…