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TransCanna $TCAN.ca Appoints Construction & Farming Expert to Board of Directors and Provides MCTO Update $VFF.ca $ACB.ca $GTII.ca $TEQ.ca

Posted by AGORACOM-AB at 3:45 PM on Wednesday, April 14th, 2021
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  • Commercial farming and construction expert Josh Baker joins TransCanna’s Board of Directors
  • “I’m extremely excited to join TransCanna, and would not have joined if I didn’t see the tremendous potential here,” said Mr. Baker. “I really see it becoming one of the greatest cannabis companies in California in the next three years.”

Vancouver, British Columbia–(Newsfile Corp. – April 14, 2021) – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) is pleased to announce the appointment of commercial farming and construction expert, Josh Baker, to its Board of Directors today.

The appointment comes in conjunction with the Company’s first draw down of its recently secured $2M construction loan. Mr. Baker is the US-based lender’s nominee to the Board, who will provide guidance and stewardship while the loan is deployed to increase production capacity at the Company’s Daly Facility in Modesto, California.

Mr. Baker brings a wealth of relevant experience to the Board. He is a 6th generation farmer local to the Central Valley, with decades of experience building and operating commercial and residential family farms, giving him an intimate understanding of everything that goes into agricultural construction and how to optimally and efficiently grow and market crops.

As the Board Member representing the lender’s interests, Mr. Baker will monitor the construction project and confirm when each phase is complete.

Phase One, currently underway, includes the construction of a 6,000 sq ft vegetative room, and five new cultivation rooms that can produce up to 200 lbs of harvest every two weeks.

“I’m extremely excited to join TransCanna, and would not have joined if I didn’t see the tremendous potential here,” said Mr. Baker. “The $2M construction loan will help bring it to profitability, and I really see it becoming one of the greatest cannabis companies in California in the next three years.”

Bob Blink, Company CEO, said, “Everyone has hit the ground running with this new loan. As of today, we already have new construction workers at the facility, and expect to have plants in the new cultivation rooms within the next three weeks.”

MCTO Update

The Company wishes to provide an update with respect to the previously announced Management Cease Trade Order (the “MCTO”) issued by the British Columbia Securities Commission on March 31, 2021. The MCTO was issued in connection with the delay by the Company in filing its annual financial statements, management’s discussion and analysis and related officer certifications for the financial year ended November 30, 2020 (collectively, the “Required Filings”) before the prescribed deadline of March 30, 2021. The Company continues to work closely with its auditor and expects to file the Required Filings on or before May 31, 2021.

The Company is providing this status update in accordance with National Policy 12-203 Management Cease Trade Orders (“NP 12-203”). The Company intends to follow the provisions of the Alternative Information Guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the form of news releases. The Company confirms as of the date of this news release that there has been no material change in the information contained in the announcement issued on April 1, 2021, and there is no other material information concerning the affairs of the Company that has not been generally disclosed.

AGORACOM Small Cap 60: Harborside $HBOR.ca $HBORF Wholesale Capabilities Growing Margins $VFF.ca $HARV.ca $ACB.ca

Posted by AGORACOM-Eric at 1:39 PM on Wednesday, April 14th, 2021
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Harborside Inc. $HBOR.ca $HBORF Announces Upcoming Conference Participation $VFF.ca $HARV.ca $ACB.ca

Posted by AGORACOM-Eric at 8:58 AM on Monday, April 12th, 2021
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  • Going Deep Intro the California Cannabis Market Conference
  • Presenting Wednesday, April 14, 2021, 12:50

Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR),(OTCQX: HBORF) a California-focused, vertically integrated cannabis enterprise, today announced Matt Hawkins, Chairman of the Board, and Peter Bilodeau, Interim CEO, will participate in the upcoming PI Financial Golden State Green: Going Deep Intro the California Cannabis Market Conference on Wednesday, April 14, 2021. Management is scheduled to present a Company overview at 12:50 p.m. ET. To register for the event, click here.

About Harborside:
Harborside Inc. is one of the oldest and most respected cannabis retailers in California, operating three of the major dispensaries in the San Francisco Bay Area, a dispensary in the Palm Springs area outfitted with Southern California’s only cannabis drive-thru window, a dispensary in Oregon and a cultivation/production facility in Salinas, California. Harborside has played an instrumental role in making cannabis safe and accessible to a broad and diverse community of California consumers. In 2006, Harborside was awarded one of the first six medical cannabis licenses granted in the United States and today holds cannabis licenses for retail, distribution, cultivation, nursery and manufacturing. Harborside is currently a publicly listed company on the Canadian Securities Exchange (“CSE”) trading under the ticker symbol “HBOR”. Additional information regarding Harborside is available under Harborside’s SEDAR profile at www.sedar.com.

$HOLL $HSTRF Announces Exclusive Distribution Partnership with Nabis for Expanded Market Reach Across California $CRON $GTBIF $INDS $META.ca $FAF.ca $WEED.ca

Posted by AGORACOM-AB at 11:20 AM on Monday, April 5th, 2021
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  • Hollister leverages California’s largest dispensary network and Nabis’ rapid order fulfillment for its brand portfolio

VANCOUVER, BC, April 5, 2021 /CNW/ – Hollister Biosciences Inc. (CSE: HOLL) (OTC: HSTRF) (FRANKFURT: HOB) (the “Company“, “Hollister Cannabis Co.” or “Hollister“) has partnered with one of California’s leading distributors, Nabis, as demand for Hollister products continues to build. The new exclusive partnership will help streamline sales, grow retail opportunities and reduce wholesale delivery times on all orders. 

Nabis supports California’s cannabis market with its wholesale distribution services. Supplying more than 99% of California’s dispensaries with a diverse selection of innovative products, Nabis works directly with brands to ensure timely fulfillment, and provides actionable sales data and insights to help brands scale and grow.

The partnership comes at a time when Hollister’s portfolio of products continues to gain brand awareness. HashBone, a hash-infused pre-roll, is one of the company’s signature products in California, and Hollister recently acquired one of Arizona’s leading concentrate brands, Venom Extracts, which is coming soon to the California market. This month, Hollister will introduce Easyriders pre-rolls in a collectible tin as the first products from its collaboration with the iconic motorcycle lifestyle magazine. Hollister also has product collaborations with Tommy Chong and the veterans-aligned medicinal brand Tactical Relief. 

“We are excited to be partnered with Nabis for our last mile fulfillment. Nabis has built a best-in-class last-mile fulfillment business that will help Hollister’s brands reach more California dispensaries with reduced lead times,” says Carl Saling, the Co-Founder, CEO and Director of Hollister Biosciences.

“While Nabis works with a wide range of cannabis brands, we always have our eye on companies with well established and diverse brand portfolios as potential partners,” said Jun S. Lee, President of Nabis. “Hollister Cannabis Co. joining our family of Nabis-distributed brands is a great partnership for all parties. We look forward to distributing Hollister’s high-profile, top-quality products to dispensaries across California.”

To read more, click here.

AGORACOM Small Cap 60: Harborside Inc. $HBOR.ca $HBORF Sees Industry Growth in California as Legalization Approaches $VFF.ca $HARV.ca $ACB.ca

Posted by AGORACOM-Eric at 11:07 AM on Tuesday, March 30th, 2021
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TransCanna $TCAN.ca Launching Two of the Most Powerful Cannabis Strains on the Market This Weekend $VFF.ca $ACB.ca $GTII.ca $TEQ.ca

Posted by AGORACOM-AB at 10:20 AM on Friday, March 26th, 2021
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*VICE TV Celebrities and over 10,000 Fans to Attend

*“We are actively in, on the ground, and arm in arm with our consumers, where they celebrate their passions, like drag racing, and idols, like Donkmaster and Country C. This is how they know we are the real deal,” said Shaun Serpa, Marketing Director for Lyfted Farms.

Vancouver, British Columbia–(Newsfile Corp. – March 26, 2021) – TransCanna Holdings Inc. (CSE: TCAN) (OTC PINK: TCNAF) (FSE: TH8) (“TransCanna” or the “Company”) and its wholly-owned subsidiary Lyfted Farms, is thrilled to announce two much-anticipated new product launches this weekend in San Diego, California.

Lyfted Farms, renowned in the industry for its masterful cultivation techniques and unique and powerful strains of exotic cannabis flower, will tease two new very potent strains to 10,000 existing and potential consumers at the Barona Raceway near San Diego tomorrow, Saturday, March 27th.

VICE TV celebrities “Donkmaster” Sage Thomas and “Country C” will be championing and promoting the launch directly to the audience at the Raceway, and limited ‘first taste’ products will be available for sale on-site through a licensed delivery service.

The new THC-dominant strains, Carolina Cantaloupe, and Heads Up Pro-Tree, with 31% and 25% THC respectively, will rank among some of the most potent THC strains to come onto the market in 2021. The strains are proprietary to Lyfted Farms and have never before been sampled by consumers.

“This kind of direct-to-consumer loyalty and relationship-building is the central theme of our marketing and how we differentiate,” said Shaun Serpa, Marketing Director for Lyfted Farms. “We are actively in, on the ground, and arm in arm with our consumers, where they celebrate their passions, like drag racing, and idols, like Donkmaster and Country C. This is how they know we are the real deal.”

Donkmaster and Country C will personally be on-hand to meet and greet fans and further promote the new strains on Sunday March 28th at the COOKIES La Mesa retail store in San Diego.

COOKIES, with over 25 retail locations throughout the United States, is one of the most authentic and well-respected cannabis lifestyle brands in the country and is set to massively scale its retail footprint in 2021 and beyond.

Immediately following the exclusive launch events at Barona Raceway and COOKIES, full distribution of the new strains will roll out to additional select Lyfted Farms retail dispensaries.

To read more, click here.

Harborside Inc. $HBOR.ca $HBORF Secures $12 Million Revolving Credit Facility $VFF.ca $HARV.ca $ACB.ca

Posted by AGORACOM-Eric at 8:08 AM on Tuesday, March 23rd, 2021
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  • First Commercial Bank Lending Deal of its Kind For a U.S. Cannabis Company

Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically integrated cannabis enterprise, today announced it has entered into a loan financing arrangement with a commercial federally regulated bank (the “Bank“), in the amount of US$12 million (the “Loan“) pursuant to a senior secured revolving credit facility (the “Credit Facility“) due March 2024.

Harborside expects to use the majority of the Loan proceeds to support the purchase of the Company’s 47-acre production campus later this year, which includes 200,000 sq. ft. of licensed cultivation space, including 155,000 sq. ft. of flower canopy space and 45,000 sq. ft. of nursery space in Salinas, California.

“To the best of our knowledge, Harborside is the first cannabis business in the United States to secure a commercial loan of this kind with a traditional lender,” said Tom DiGiovanni, Chief Financial Officer of Harborside. “This deal is the culmination of months of effort and reflects the close working relationship and trust that we have developed with our bank. By significantly lowering our cost of capital, we will be able to better serve our customers, provide high-quality products and invest more heavily throughout California.”

“We are thrilled to solidify our relationship with our bank as they help support our efforts and growth throughout the state of California,” said Matthew Hawkins, Chairman of Harborside. “This Loan is a significant milestone for the entire U.S. cannabis industry and testament to the work that Harborside has done over the last four quarters in an effort to deliver for our customers and shareholders.”

Loan Terms

The Credit Facility has a variable interest rate based on the prime rate charged by the Bank plus a premium, with a floor rate of 5.75%, and will be secured by a first-priority security interest on substantially all of the Company’s assets. As consideration for the Credit Facility, the Company has agreed to, among other things: (i) deliver a commercial security agreement, an assignment of deposit account, and a security agreement in respect of cash collateral to the Bank; (ii) make an upfront cash payment based on the principal amount of the Credit Facility to the Bank as an original issue discount; and (iii) issue 4,100 warrants (the “Warrants“) to the Bank to purchase multiple voting shares (“MVS“) of the Company, which subject to certain conditions, are convertible into subordinate voting shares (“SVS“) of the Company at a conversion rate of 100 SVS for each MVS converted. Each Warrant will entitle the Bank to purchase one MVS of the Company at a price of C$369, at any time prior to March 19, 2023. 

CLIENT FEATURE: $HOLL $HSTRF Powering Class-leading #Cannabis Products From Seed to Shelf $CRON $GTBIF $INDS $META.ca $FAF.ca $WEED.ca

Posted by AGORACOM-AB at 2:46 PM on Wednesday, March 17th, 2021

CLIENT FEATURE: Hollister Biosciences Inc. (HOLL: CSE)Acquiring, developing and powering class-leading cannabis consumer products.

WHY HOLLISTER?

  • Vertically integrated, high-margin cannabis company with high-quality cannabis and hemp products in over 280 dispensaries throughout California and over 90 dispensaries throughout Arizona, plus joint ventures, licensing agreements, and partnerships with global brands.
  • Hollister controls the whole process from manufacturing to sales, to distribution. From seed to shelf. 
  • Fully licensed and compliant and have established a statewide distribution within California for medical and recreational cannabis.
  • The U.S. market for cannabis-infused drinks is expected to grow to $1.4 billion by 2024. Zenith Global.
  • The market for hemp-derived CBD products was USD $591 Million in 2018, expected to reach USD $22 Billion by 2022.

Recent Highlights:

Q4 2020 Financial Highlights:

Q4 2020 Performance Includes CDN $14.93 Million in Revenue With an Estimated CDN $2.53 Million in EBITDA a YoY Revenue Increase of 3215% from Q4 2019

March:

February:

January

December:

Market Analysis/Overview:

What is Hollister?

  1. Hollister Biosciences Inc. is a multi-state company with a portfolio of innovative, high-quality cannabis & hemp branded consumer products and white-labelling manufacturing. Products are sold in 370 dispensaries across Arizona and California.
  2. Hollister Biosciences owns 100% of Venom Extracts, a category-leading brand that sold over 4 million grams in 2020, accounting for up to 30 percent of category sales in Arizona.
  3. Products from Hollister Biosciences Inc. include HashBone, the brand’s premier artisanal hash-infused pre-roll, along with concentrates (shatter, budder, crumble), distillates, solvent-free bubble hash, pre-packaged flower, pre-rolls, tinctures, vape products, and full-spectrum high CBD pet tinctures. 
  4. The wholly-owned California subsidiary Hollister Cannabis Co is the 1st state and locally licensed cannabis company in the city of Hollister, CA birthplace of the “American Biker”.

What Brands Does Hollister Own?

Hollister $HOLL.ca $HSTRF 

$CRON $GTBIF $INDS $META.ca $FAF.ca $WEED.ca

Hollister Biosciences Inc. is traded on the CSE as HOLL.

For more information, visit: https://hollisterbiosciences.co/investors/

FULL DISCLOSURE: Hollister Biosciences Inc. is an advertising client of AGORA Internet Relations Corp.

TransCanna $TCAN.ca Product Ranks in Leafly’s Top Cannabis Strains List $VFF.ca $ACB.ca $GTII.ca $TEQ.ca

Posted by AGORACOM-AB at 10:09 AM on Monday, March 15th, 2021
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  • World-leading cannabis information website Leafly.com has endorsed a Lyfted Farms cannabis strain in its February column, “Leafly Buzz“.
  • Leafly.com has over 15 million loyal monthly readers and highlights the newest, best, and top selling cannabis strains each month.
  • Endorsement Comes Amidst Company-Wide Packaging Improvements

Vancouver, British Columbia–(Newsfile Corp. – March 15, 2021) – TransCanna Holdings Inc(CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company“) announces that world-leading cannabis information website Leafly.com has endorsed a Lyfted Farms cannabis strain in its February column, “Leafly Buzz“. The endorsement comes amidst a Company-wide overhaul of product packaging that will have a significant impact on costs, distribution and marketing efforts.

In its February column, Leafly.com writes about “Nump’s Garlic Noodles” strain as being “Biting, savory, and hella strong…”. Nump’s Garlic Noodles is a strain that is unique and proprietary to Lyfted Farms, a wholly owned subsidiary of TransCanna Holdings. Inc. Leafly.com has over 15 million loyal monthly readers and highlights the newest, best, and top selling cannabis strains each month.

“The Lyfted Team is thrilled to have one of our strains endorsed by one of the most influential publications in the industry,” said Bob Blink, CEO of TransCanna. “Millions of consumers turn to Leafly.com as one of the industry’s most trusted cannabis resources -so this mention is a huge win of recognition and provides increased market exposure for our Company and for our superior genetic strains.”

The endorsement comes amidst a Company-wide overhaul of product packaging from glass jars to flexible pouches – a move that will dramatically reduce waste and costs, and will greatly improve the product experience for the consumer.

“Consumers look for convenience, clear messaging, and superior product quality when deciding to purchase cannabis products, and these new pouches deliver on all three,” said Shaun Serpa, CMO for Lyfted Farms. “This packaging features a clear side so customers can closely examine flower quality, while its heat-sealing and zip-type closure improves product shelf life and prevents loss of moisture and terpenes. This packaging is much lighter and easier to transport than glass jars, and the increased surface area means more marketing inches for us to communicate on product benefits and features.”

The reduction in weight and mass from 100 gram jars to 5 gram pouches (for 3.5 grams of flower) represents a 95% reduction in packaging waste, a large reduction in shipping and transportation costs, and overall a 50% cost reduction in Company-wide product packaging expenses.

“The new packaging has already rolled out to retailers and consumers and the reduction in expenses is beginning to positively impact the Company’s bottom line,” said Bob Blink, TransCanna CEO. “The transition to pouches was planned to align with the opening of our new Daly California facility, which houses automated packaging lines that can produce the final product on a much more efficient and massive scale.”

Update on Secured Convertible Loan

Further to its news release of February 3, 2021, the Company has extended the date for execution of the definitive documentation and satisfaction of other conditions from February 15, 2021 to March 18, 2021.

For more news on Transcanna, click here.

TransCanna’s $TCAN.ca Lyfted Farms to Partner with VICE TV Personality For Co-Branding Deal $VFF.ca $ACB.ca $GTII.ca $TEQ.ca

Posted by AGORACOM-AB at 9:33 AM on Thursday, March 11th, 2021
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  • Lyfted Farms to be featured on cars in popular drag racing reality show “DonkMaster”
  • In addition, gaming audiences will connect with both brands virtually on the hit mobile game “Doorslammers 2”

Vancouver, British Columbia–(Newsfile Corp. – March 11, 2021) – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) today announced that its subsidiaryLyfted Farms is entering an exciting partnership and co-branding deal with popular VICE TV personality Sage ‘Donkmaster’ Thomas.

Thomas, the star of the popular reality show ‘DonkMaster’, is a larger than life personality with a cult-like following in the car racing subculture of donk racing (drag racing for classic American muscle cars stylized with oversized rims).

The new arrangement involves a proprietary Lyfted Farms cannabis product and brand for Thomas and branding exposure for Lyfted Farms on cars featured on ‘DonkMaster’, which has received over 30 million views online since it premiered in August 2020. In addition, gaming audiences will be connecting with both brands virtually on ‘Doorslammers 2’ – a mobile drag racing game that receives about 20,000 monthly downloads on iOS and Android. Lyfted Farms branding will be prominently featured on the DonkMaster avatar, which is the most popular car on the game.

“This is a strategic partnership that brings together targeted and overlapping audiences in the cannabis, drag racing and gaming worlds. As both brands have built long-standing trust with their loyal, ‘raving fan’ audiences, we consider this cross-promotional partnership as a tremendous win-win,” said Shaun Serpa, Marketing Director for Lyfted Farms.

Mr. Thomas is revered by his fans for his success story of redemption – from transitioning from a persecuted rebel in the underground cannabis world to fame and pop culture legitimacy in drag racing, television and now cannabis again.

“The Lyfted Farms culture and brand is one of deep pride in its master cultivators, its prohibition era roots, and its resonance with the misfits and the rebels of this world. Sage ‘DonkMaster’ Thomas is one such misfit whose fan base is rooting for him as his persona, brands, and businesses expand into mainstream culture,” said Serpa. “While other brands opt for lazier celebrity endorsement deals, we pride ourselves on staying loyal and authentic to our roots and our audience. That’s why we chose Thomas.”

In addition to his TV and video game fame, Thomas is the Founder of the National Donk Racing Association, the owner of In And Out Customs, and an Instagram social media influencer with over 263,000 followers.

To real more, click here.