VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 28, 2016) – Finore Mining Inc. (“Finore” or the “Company“) (CSE:FIN)(CSE:FIN.CN)(OTC PINK:FNREF) and Kushtown USA LLC (CNSX:FIN) announce that the companies are working closely with their legal advisors and are nearing completion of final documentation for filing with the Canadian Securities Exchange for completion of Finore’s merger with Kushtown USA and plan to file the documentation in the coming weeks.
Kushtown USA Progress
Kushtown USA has entered into consulting agreements with leading industry legal and regulatory advisors on marijuana legalization in California and North America and is working with these advisors to structure the company’s operations to be fully compliant with the changing legislation across North America.
Kushtown USA, with guidance from its advisors has entered into an Option to Lease a facility to establish an automated bottling and edibles manufacturing and distribution facility in the Greater Los Angeles area and is finalizing its due diligence on the facility. The company is working with its advisors to ensure its planned manufacturing facility will be compliant with the California Food Safety Program.
The Food Safety Program of the Food and Drug Branch of California strives to be a world leader and trusted voice in farm to table food safety. The mission of the program is to protect and improve the health of consumers by assuring foods are safe, and are not adulterated, misbranded, or falsely advertised. This is accomplished through enforcement based upon scientific principles and specific legal authority.
Kushtown International Branding Program
Kushtown USA owns the trademark “KUSHTOWN” in the United States and has submitted applications to trademark KUSHTOWN in Europe, Australia, New Zealand, Canada, and Latin America. Kushtown’s goal is to build the Kushtown brand of sodas, sauces and edibles across all regions where marijuana is legal for medicinal or recreational marijuana products. Initial plans are for Kushtown USA to focus in the USA and Canada. The company will also be seeking licensing partners to the Kushtown brand in other countries such as Colombia, Netherlands, Puerto Rico, Portugal and Spain, where marijuana has been largely legalized.
Kushtown President, Peter Moret states, “We are moving quickly to be the first company to work towards an internationally recognized cannabis brand of sodas and edibles. I am proud to stand behind the reputation that Kushtown USA has built in the California cannabis medicinal market and it has long been my goal to build Kushtown into an internationally recognized name brand. Our transaction with Finore will establish a Canadian public listing and acquire the required funding to do so. We have engaged the best industry advisors who will guide us to be a first mover in this exciting business opportunity and move forward with full compliance to the changing regulatory fields in the various jurisdictions.”
Read the full press release.
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Codebase Ventures Inc. (“Codebase” or the “Company”) (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) announces it has completed a first closing of a non-brokered private placement of up to $2,000,000. The Company accepted subscriptions for 13,740,000 units at a price of $0.05 per unit, for gross proceeds of $687,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $0.075 for a period of two years from the date of closing, subject to the option of the Company to accelerate the expiry date in the event that its shares trade at $0.15 or more for 10 consecutive days
The Company paid $18,000 in cash and issued 160,000 warrants on the same terms as noted above to qualified finders. Securities issued pursuant to this tranche are subject to trading restrictions until April 5, 2021. The Company is expecting to complete the financing by December 16, 2020. Proceeds will be used for working capital and to fund future investments.
Hill Street Beverage Company Inc. (TSXV: BEER) (“Hill Street” or the “Company”), announces that further to its press release dated December 3, 2020, the TSX Venture Exchange has approved the repricing of 19,405,804 warrants of the Company that were originally issued on July 27, 2018, to $0.10. These warrants are set to expire on December 31, 2020.
For anybody wishing to exercise these Warrants, please contact the Chief Executive Officer, Terry Donnelly at the particulars below.
Cannabis Profits In Focus: CEO’s of HEXO, Icanic Brands, Tilray, and Aurora Cannabis Discuss Next Wave of Global Growth Opportunities and Brands Innovation
Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Tilray, Inc. (NASDAQ: TLRY), Icanic Brands (OTC: ICNAF) (CSE: ICAN), Aurora Cannabis (NYSE: ACB) (TSX: ACB), and HEXO Corp. (NYSE: HEXO)
Cannabis leaders are focusing on innovation in premium branding, global expansion, and tight operational execution in the drive towards profitability. Wall Street Reporter highlights the latest comments from industry thought leaders:
TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) is pleased to announce that it has closed the 2nd and final tranche of its Unit financing. In connection with the closing, the Company issued 1,356,873 Units at a price of $0.55 per Unit, for gross proceeds of $746,280.15. Each Unit consists of one (1) common share and one (1) warrant. Each warrant entitles the holder to purchase one common share of the Company, at an exercise price of $0.75 per share, for a period of two years from the date of issuance. The warrants are subject to an acceleration right that allows the Company to give notice of an earlier expiry date if the Company’s share price on the CSE (or such other stock exchange the Company’s shares may be trading on) is equal to or greater than $1.25 for a period of 20 consecutive trading days. Finder’s fees of $42,542, 3,200 Finder’s shares and 80,550 Finder’s warrants were issued in connection with finder’s fees payable.
In total, the Company raised gross proceeds of $1,757,180 and issued 3,194,873 Units.
Sweet Earth Holdings Corp. (CSE: SE) (FSE: 1KZ1) (OTCQB: SEHCF) (“Sweet Earth” the “Company”) is pleased to announce that it has received full Depository Trust Company (“DTC”) eligibility in the United States. On October 20, 2020, Sweet Earth announced that its shares had been listed on the United States’ Over-The-Counter Bulletin (“OTCQB”) under the ticker SEHCF.
DTC status means that Sweet Earth shares are now eligible to be transferred between brokerage accounts within the United States and significantly augments the ease in which American-based investors are able to trade Sweet Earth shares.