Cannabis Stock News Daily Roundup February 26
Weekend Unlimited (CSE: POT) (CSE: POT.CN) (OTCQB: WKULF) has inked a letter of intent with PPK LLC to acquire vertically-integrated operations in Wilburton, Oklahoma. “We have strategically targeted Oklahoma, the state has moved faster than any other state in embracing the industry, and we see the business-friendly market translating into a consumer-friendly environment where the best brands will succeed for the long term,” Weekend CEO Paul Chu said in a statement.
48North Cannabis Corp. (TSXV: NRTH) (OTCMKTS:NCNNF) reported signing Canada’s first-ever letter of intent for outdoor grown cannabis with the Société québécoise du cannabis (SQDC), the sole legal retailer of recreational cannabis in Quebec. Under the agreement, 48North will supply 1,200 kilograms of cannabis to the SQDC from its outdoor farm in Brant County, Ontario, and 120 kilograms of indoor grown cannabis from its facilities in Brantford and Kirkland Lake in Ontario. The 1,200 kilograms of cannabis will be delivered in the fourth quarter of 2019.
Dixie Brands (CSE: DIXI.U) (Frankfurt: 0QV) subsidiary Therabis is entering the $2-billion feline treat market with hemp-based soft chews for cats. The first hemp-based, soft-chew treats, Calm and Quiet, will be Therabis’ first product for cats. The soft-chew cat treat is “targeting a specific indication – in this case stress,” Therabis President Bob Rubin said in a statement.
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) announced that hat each of its cultivation facilities in Las Vegas, Nev., have achieved three organically grown certifications from EnvirOganic, Certified Kind and Clean Green. The company reported earning “triple certification, a first in cannabis cultivation in the state, establishing industry leadership,” according to the company.
1933 Industries (CSE: TGIF) (OTCQX: TGIFF), a cultivator and producer of cannabis flower and concentrates and manufacturer of hemp-derived cannabinoid (CBD) wellness products, has engaged professional athlete and mixed martial arts fighter Sarah Moras as a Canna Hemp sponsored athlete for a six-month engagement. Infused MFG, a company subsidiary which makes Canna HempX branded products, has established a new Action Sports Division and will be working with professional athletes to market its CBD sports recovery cream.
Australis Capital (CSE: AUSA)(OTCQB: AUSAF) has acquired a 100% stake in Mr. Natural Productions, a medical and recreational cannabis brand based in California. The acquisition includes the rights to the Mr. Natural brand, the life story right of Robert Luciano and all related intellectual property, including proprietary processes in a deal valued for $1.3 million and royalty payments based on future performance incentives.
Organigram Holdings (TSX VENTURE: OGI) (OTCQX: OGRMF), the parent company of licensed cannabis producer Organigram, has signed a letter of intent with the Société québécoise du cannabis. Based on currently available public information, the agreement makes Organigram one of only three licensed producers in Canada along with Canopy Growth Corp (TSX:WEED) (NYSE: CGC) and Aphria (TSX: APHA) (NYSE: APHA) to have secured distribution agreements with every province.
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