Green Growth Brands Inc. (CSE:GGB,OTCQB:GGBXF) was featured in a CNBC article that covered the company’s recent purchase order from American Eagle Outfitters Inc. (NYSE:AEO) and the CBD retail market in the US. According to the press release, American Eagle will be selling the company’s CBD-infused body-care products in nearly 500 stores as well as online with sales expected to start in October. Green Growth Brands has also signed agreements with Abercrombie & Fitch Co. (NYSE:ANF), who will sell the company’s Seventh Sense CBD products in over 160 locations, as well as the DSW (NYSE:DSW).

The article pointed out that this seems to be a new trend within the industry as the CBD market has the potential to become a $22 billion business, according to the Brightfield Group. The rise of the market can be attributed to Congress legalizing hemp-derived CBD in December with the passing of the Farm Bill. According to the article, CBD is now added to just about everything, including makeup, pet treats and soft drinks, despite the US Food and Drug Administration prohibiting it from being added to food, beverages and dietary supplements. Despite these issues, many retailers are comfortable with stocking CBD-based products, like those offered by Green Growth Brands, on their shelves.


While many large and specialty retailers have introduced CBD products to their shops in select states, there are other, like Walmart (NYSE:WMT) and Target (NYSE:TGT), that have largely stayed on the sidelines. This has opened up opportunities for mall owners to enter the market. Green Growth Brands has signed deals with Simon (NYSE:SPG) and Brookfield (NASDAQ:BPY) to open shops in malls. According to the article, Brookfield has stated that it’s opening approximately 70 location and Simon is working on 108.

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CanBud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“CanBud” or the “Corporation”) is pleased to announce that it has closed the final tranche of its oversubscribed non-brokered private placement for aggregate gross proceeds of approximately $4,730,000 (the “Offering”).

The Corporation issued a combined total of 39,409,346 units (each a “Unit“) at price of $0.12 per Unit, with each Unit comprised of one common share in the capital of the Corporation (each a “Common Share“) and one common share purchase warrant (each a “Warrant“). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.22 within 24 months of the closing of the Offering (the “Warrant Term“), provided, however that if the closing price of the Common Shares on the Canadian Securities Exchange (the “CSE“) (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is $0.25 or greater per Common Share for a period of five (5) consecutive trading days at any time after the closing date of the Offering, the Corporation may accelerate the Warrant Term such that the Warrants shall expire on the date which is 30 days following the date a press release is issued by the Corporation announcing the reduced warrant terms.

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Thoughtful Brands Inc. (CSE:TBI)(FSE:1WZ1)(OTCQB:PEMTF) (the “Company” or “Thoughtful Brands) announces that the letter of intent with Franchise Cannabis Corp. (“FCC”), previously announced in January, has been terminated. The previously announced European joint venture with FCC will continue and allow the Company to launch and tailor its products to European consumer demands

In connection with termination of the merger transaction with FCC, the Company has agreed to pay FCC $100,000 in cash and to issue FCC 5,000,000 common shares of the Company at a deemed value of $0.05 per share. The common shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.

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Mergers and acquisitions (M&A) in cannabis space have helped boost the industry to new levels.

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Strategic sale of non-core assets by Lobe adds non-dilutive capital and shareholder value

Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) is pleased to announce, further to its press release dated February 23, 2021, that it has completed the sale to Ionic Brands Corp. (“Ionic Brands”) of Lobe’s non-core cannabis assets relating to Washington-based Cowlitz County Cannabis Cultivation Inc. (“Cowlitz”) held by Lobe’s subsidiary vendor, Green Star Biosciences Inc. (the “Transaction”).

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Adding to its existing presence on the west coast of the United States, all five KOIOS™ flavours and all four Fit Soda™ flavours will be carried in Metropolitan Market stores beginning on Monday, March 22, 2021. Serving the Seattle-Tacoma area (population 3.87 million), Metropolitan Market is one of five chains under its parent firm Good Food Holdings, which has a total of 51 stores in California, Oregon, and Washington State.

Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”) is pleased to announce that beginning on Monday, March 22, 2021, Koios’ entire line of canned beverage products will be sold at all locations of Metropolitan Market, an urban format supermarket chain in the Seattle-Tacoma area of Washington State. In Q1 2021, the Company announced multiple placements of its beverage products with regional grocers in markets on the west coast of the United States including Market of Choice in Oregon Jensen’s in Southern California and major natural grocery chain Sprouts Farmers Market which has a substantial west coast presence with over one third of its locations (360+ stores across 23 states) in California as well as Washington State 1 . The Company has also recently announced other developments relating to its expansion efforts being undertaken in 2021 such as an in-house beverage canning facility and distribution agreements with regional and national wholesale partners.

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