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$WMD $WDDMF’s Color Cannabis Expands Product Portfolio with Debut of Live Resin in Pedro’s Sweet Sativa Cultivar $CRON $GTBIF $INDS $FAF.ca $WEED.ca

Posted by AGORACOM at 2:29 PM on Thursday, March 25th, 2021

*Strain-specific Live Resin product set for release under Color Cannabis adult-use brand
*Available for purchase from Ontario Cannabis Store in May

TORONTO, March 25, 2021 (GLOBE NEWSWIRE) — WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical-grade cannabis, is pleased to announce the debut of its strain-specific live resin product for release under its Color Cannabis adult-use brand, 510-thread vaporization carts. Products will be available for purchase from the Ontario Cannabis Store starting in May, 2021 with eventual expansion to additional provinces and retailers. The live resin line offered in Pedro’s Sweet Sativa cultivar is the first in a series of new extract products recently announced by the Company that will eventually expand to feature solventless hash and rosin concentrates.

WeedMD partnered with Ontario’s Peak Processing, a highly-skilled, third-party processer that specializes in developing hydrocarbon extract of freshly harvested and frozen cannabis biomass to produce live resin formulations. This process ensures the cannabinoid and terpene-rich trichomes are preserved at harvest to produce some of the purest, true-to-nature forms of concentrates from the Company’s award-winning genetics.

“With the launch of our live resin products, we’re excited to introduce consumers to another authentic offering featuring the unique cultivar that is Pedro’s Sweet Sativa,” said Joseph Mele, Senior Vice President, Commercial Sales and Marketing, WeedMD. “The goal with all Color Cannabis products is to expand consumers’ awareness – particularly for those seeking unique terpene profiles and new premium, high-value concentrates. Peak Processing has carefully extracted live resin from fresh-frozen Pedro’s Sweet Sativa, grown and processed alongside our skilled teams, and we’re looking forward to adding more cultivars to this innovative line-up.”

WeedMD is expected to release additional Cannabis 2.0 extract products including solventless hash and rosin concentrates throughout 2021, under its Color Cannabis and Saturday Cannabis adult-use brands. Product development for both solventless cannabis concentrates, including bubble hash and rosin extract products, is currently underway alongside WeedMD and its highly skilled third-party processors currently undergoing trialling processes.

The Company has further developed a unique, in-house sub-critical CO2 extract post-processing methodology, which preserves the flower’s terpene profile and results in a malleable, semi-solid high-potency cannabis extract product. Trials to confirm scalability and product integrity are also currently underway at the Company’s Aylmer, Ontario processing and extraction hub.

Extract products will be produced using WeedMD’s own biomass, grown on-site at the Company’s state-of-the-art greenhouse and outdoor field in Strathroy, Ontario.

Access WeedMD’s 2021 Shareholder Newsletter here. Information about upcoming corporate events can be found here.

To read more, click here.

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

Posted by AGORACOM at 8:08 AM on Tuesday, March 23rd, 2021
This image has an empty alt attribute; its file name is HBOR-square.jpg
  • 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. 

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Molecule Holdings Inc. $MLCL.ca Announces Private Placement Offering of Senior Secured Convertible Debenture Units $TPX.A.ca $ACB.ca $BEV $WEED.ca

Posted by AGORACOM at 10:19 AM on Friday, March 19th, 2021
Molecule MLCL

March 19, 2021 – Ottawa,  Ontario – Molecule Holdings Inc. (CSE:MLCL) (CNSX:MLCL.CN) (“ Molecule ” or the “ Company ”), is pleased to announce that it has completed a non-brokered private placement offering (the “ Offering ”) of 1,000 senior secured convertible debenture units (each a “ Unit ”, collectively the “ Units “) for gross proceeds of $1,000,000.  

Each Unit is comprised of $1,000 in principal amount (the “ Principal Amount ”) of senior secured convertible debenture (each, a “ Debenture ”, collectively the “ Debentures ”) and one share purchase warrant (each a “ Warrant ”, collectively the “ Warrants ”) for each $0.30 of Principal Amount, each Warrant entitling the holder thereof to acquire one common share of the Company (each a “ Warrant Share ”, collectively the “ Warrant Shares ”) at an exercise price of $0.23 per Warrant Share (the “ Exercise Price ”) (subject to adjustment) for a period of thirty-six (36) months from the date of closing of the Offering (the “ Closing ”), expiring on March 18, 2024.

The Debentures will bear interest at a simple rate of 8.00% per annum, payable quarterly in cash beginning on June 30 th , 2021, and maturing eighteen (18) months from the date of issuance, being September 18, 2022 (the ” Maturity Date “).   The holders of the Debenture are entitled to convert the Principal Amount of the Debentures at any time prior to the Maturity Date into common shares of the Company at a conversion price of $0.15 (the “ Conversion Price ”), subject to adjustment.  

As of the date that is four (4) months and one (1) day following the Closing Date, the Company will have a right to prepay or redeem the Principal Amount, in whole or in part, at par plus accrued and unpaid interest at any time by providing a minimum of 30 days’ and a maximum of 60 days’ notice.

Read More: https://agoracom.com/ir/MoleculeHoldings/forums/discussion/topics/757660-molecule-holdings-inc-announces-private-placement-offering-of-senior-secured-convertible-debenture-units/messages/2308946#message

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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 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.

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Quizam $QQ.ca $QQQFF Announces $808,500 Private Placement $FAF $FAF.ca $CLIQ $ISH $ISH.ca $SUN.ca

Posted by AGORACOM at 4:02 PM on Monday, March 15th, 2021
  • Quizam Announces $808,500 Financing @ $0.33 with 18 months ½ warrant at $0.60

March 15, 2021 – TheNewswire – Vancouver, BC – Quizam Media Corporation (“the Company”) (C NSX :QQ. CN ) (OTC:QQQFF) is pleased to announce that it has negotiated a non-brokered private placement of 2,450,000 units of the Company at a price of $0.33 per unit.

Each unit will consist of one common share and a 1/2 share purchase warrant exercisable at $0.60 for 18 months.

Read More: https://agoracom.com/ir/QuizamMedia/forums/discussion/topics/757378-quizam-announces-808-500-private-placement/?message_id=2308263#message

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

Posted by AGORACOM at 10:09 AM on Monday, March 15th, 2021
tcan-square
  • 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.

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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 at 9:33 AM on Thursday, March 11th, 2021
tcan-square
  • 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.

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Molecule Holdings’ $MLCL.ca Landmark Deal with Ontario Cannabis Store Gives it Confirmed Shipping Date to Bring 5 Infused Craft Beverages to Market $BEV $KBEV

Posted by AGORACOM-JC at 9:14 AM on Thursday, March 11th, 2021
Molecule

Working at the cutting edge of the nascent cannabis industry, Molecule is a Canadian, craft-focused, cannabis beverage production company.

Boasting a 200,000 square foot production facility based in Ontario, the company has just been given the green light to begin selling its unique line of cannabis-infused beverages throughout Canada, starting in Ontario and Québec.

  • Molecule now has its first order-ins from the Ontario Cannabis Store (OCS) and a confirmed shipping date.
  • Molecule will bring 5 brands to the market in this first order, matching the number of Ready-to-Drink products offered by the category leader in the market, which also has 5 brands on offer. 
  • This confirms Molecule will be shipping product in Q1 2021. Much of the product is already inventoried. Inventory accumulation continues daily now.
  • The company recently received a major shipment of Aluminum Cans, allowing it to ramp up production.

Check out our exclusive one-on-one with David Reingold, Director and Strategic Advisor, Molecule Holdings:

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Molecule $MLCL.ca Receives Opening Pipeline Orders from Ontario Cannabis Store and Commits to Shipping Date of March 25 $TPX.A.ca $ACB.ca $WEED.ca

Posted by AGORACOM at 8:55 AM on Thursday, March 11th, 2021
Molecule

March 11 2021 Ottawa, Ontario – Molecule Holdings Inc. (CSE:MLCL) (CNSX:MLCL.CN) (“ Molecule ” or the “ Company ”), a Canadian craft-focused cannabis beverage production company, is pleased to announce that it has received its first pipeline fill orders for 5 of its brands from the Ontario Cannabis Store (“ OCS ”), and has committed to shipping to the OCS Distribution Centre by March 25. The OCS anticipates further follow-up PO’s, “one and two weeks after launch”.

“This is a very exciting day for the Molecule team as this marks an important new chapter for Molecule’s commercialization.  Having this type of representation in the largest cannabis market in the country is a testament to Molecule’s business model and will put us head-to-head with the biggest and the best in the Canadian cannabis industry,” said Molecule President and CEO Philip Waddington.

Read More: https://agoracom.com/ir/MoleculeHoldings/forums/discussion/topics/757072-molecule-receives-opening-pipeline-orders-from-ontario-cannabis-store-and-commits-to-shipping-date-of-march-25th/?message_id=2307582#message

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Dreamy Delivery Announced as the Official Delivery Platform of the 2021 Emerald Cup Awards

Posted by AGORACOM at 6:38 PM on Monday, March 8th, 2021
Hollister Biosciences Inc. | CSE - Canadian Securities Exchange
  • Hollister’s direct-to-consumer delivery platform, Dreamy Delivery, will be the official delivery platform of the 2021 Emerald Cup Awards
  • “The Emerald Cup Awards have been the premier Cannabis Cup in California for 17 years. It is a huge part of the fabric of cannabis in Northern California. We are excited and honored to be the official delivery platform of The Emerald Cup Awards,” Carl Saling, Co-Founder, CEO and Director of Hollister Biosciences, said.

VANCOUVER, BC, March 8, 2021 /PRNewswire/ – Hollister Biosciences Inc. (CSE: HOLL) (OTC: HSTRF) (FRANKFURT: HOB) (the “Company“, “Hollister Cannabis Co.” or “Hollister“) is pleased to announce that its direct-to-consumer delivery platform, Dreamy Delivery, will be the official delivery platform of the 2021 Emerald Cup Awards.  Dreamy Delivery will feature prominently in all Emerald Cup promotions and coverage, and it will help connect Bay Area, Sacramento, Hollister and Central Coast consumers with the brands participating in the virtual awards this April.

“The Emerald Cup Awards have been the premier Cannabis Cup in California for 17 years. It is a huge part of the fabric of cannabis in Northern California. We are excited and honored to be the official delivery platform of The Emerald Cup Awards,” says Carl Saling, the Co-Founder, CEO and Director of Hollister Biosciences.

“We’re excited to have Dreamy Delivery as our sponsor for this year’s Emerald Cup. We share the same values of vetting only the best cannabis products, best business practices, supporting social equity and offering a 5-Star experience. We are honored collaborating together this year.” ~Tim Blake, Founder of The Emerald Cup

For the first time in Emerald Cup history, the awards will be a virtual global event streaming on the Social Club TV network. Whether NoCal consumers want to sample the brands taking home the top trophies or try past winners, Dreamy Delivery brings these best-in-class products directly to their front doors utilizing all of the recommended safety protocols. This means virtual participants can experience the 17th-annual event with actual winning products delivered directly and safely to their homes. 

As the official delivery platform for the awards, Dreamy Delivery will feature prominently in a six-month promotion that includes social media posts, newsletters, PR statements and brand placement in the title card and afterparty.

The Emerald Cup Awards (described as the “Academy Awards of Cannabis” by Rolling Stone) celebrate the best emerging and established brands, and a slate of hand-picked judges selects winners that are announced daily during Take Over Week ahead of the official awards celebration. The coverage will culminate in the Social Club TV-broadcasted ceremony on Sunday, April 11, 2021 with the top honors given out in the prestigious cannabis flower categories.

About The Emerald Cup

The Emerald Cup is Northern California’s premier cannabis destination. While advancing the concept of sustainable, outdoor farming, its reputation is firmly solidified as the largest, most respected, outdoor cannabis competition in the world. As a group, The Emerald Cup prides itself in bringing together experts and educators in the cannabis industry to our fellow farmers, patients, and patrons each year.

It is a community celebration that has grown to become a global movement honoring the year’s finest, organic, sun-grown, cannabis harvest.

https://theemeraldcup.com/

To read more, click here.

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