Future Farm Technologies Inc. (the "Company" or "Future Farm") (CSE: FFT) (OTCQB: FFRMF) is pleased to announce it has entered into a lease agreement for an initial 12,960 sq. ft. of space in a 60,000 sq. ft. building, with an option to expand and or buy the building. The property is perfectly suited for the cultivation and processing of hemp into CBD oil, as it has high ceilings for vertical growing, a turnkey commercial kitchen and 1,600-amp, 480-Volt 3 phase electric systems.
Delta 9 Cannabis Inc. (TSXV:NINE) ("Delta 9" or the "Company") is pleased to announce it has entered into a non-binding letter of intent (the "LOI") with Westleaf Cannabis Inc. ("Westleaf") to create a strategic partnership for the joint development of a large-scale cannabis production facility located in Southern Alberta (the "Project").
2018 got off to a hot start for the Canadian cannabis sector as its constituents continue to execute and advance their fundamental story.
Yesterday, the overall sector moved higher on strong volume and we are bullish on this development. In late October, we highlighted the sector’s strengthening volume and momentum, saying the sector was poised for a major breakout.
CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF), today announced that on January 2, 2018, Alta Supply Inc. ("Alta Supply") received a Temporary Cannabis Distribution License (Type 11 – Medical). Vista Distribution Inc. ("Vista"), an Oaklanddistribution company 49% owned by Alta Supply, received the same class of distribution license the date prior (collectively, the ("Licenses").
Friday Night Inc. (Friday Night) (CSE: TGIF) (FWB: 1QF) (OTC: TGIFF) is pleased to announce that it has entered into a land purchase agreement to acquire an additional 2.78 acres of land connected to the location that will host Alternative Medicine Association’s new cultivation facility.
CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF), today welcomed the January 1sttransition of the California market to a full recreational adult-use framework. California is already the largest cannabis market in the world with annual sales of approximately US$2.8 billion in 2016.(1) It is expected to maintain its leading position globally, with sales forecast to grow to US$5.2 billion in 2018(2).
ABcann Global Corporation (TSXV:ABCN) is pleased to announce the closing of its non-brokered private placement of convertible senior unsecured debentures in the aggregate principal amount of $30,000,000.
As previously announced in the Company’s news release of November 27, 2017, the Debentures will:
Aurora Cannabis Inc. ("Aurora") (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) announced that the Company will be filing a dissident circular, and will be soliciting votes against the resolution of CanniMed Therapeutics Inc. ("CanniMed") to issue shares in connection with the proposed acquisition of Newstrike Resources Ltd. ("Newstrike").
CanniMed Therapeutics Inc. (TSX: CMED) is pleased to announce that it has entered into a definitive agreement with PharmaChoice for supply of CanniMed’s herbal, oils and oil derivative cannabis products to PharmaChoice’s over 750 pharmacy locations across Canada. Pursuant to the agreement, PharmaChoice has committed exclusively to CanniMed as its sole supplier of cannabis products, subject to CanniMed meeting certain product and volume requirements.
Canadian cannabis stocks traded higher yesterday after Aphria announced an agreement to become a medical cannabis supplier to Shoppers Drug Mart.
We are favorable on this development and expect to see more agreements like this announced in 2018. Today, we have highlighted 7 company developments that we think investors need to be aware of.
TSX Defers Acceptance of CanniMed’s Plan