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Cannabis Stock News Daily Roundup February 5

ME Staff

Cannabis firm AgraFlora Organics International (CSE: AGRA) (OTCPK: PUFXF) – formerly PUF Ventures – said that Natures Hemp Corp., a spin-off company from PUF Ventures that focuses on biotechnology and consumer products, has moved its hemp-based coffee creamer project to the second phase of the development process. The non-dairy coffee creamer will be made using whole hemp seeds. Natures Hemp is also preparing to go public on a Canadian stock exchange.

Namaste Technologies (TSXV: N) (OTCMKTS: NXTTF) announced that its board of directors have initiated a strategic review process to consider “all value-maximizing alternatives” which could include the sale of the company. As part of the process, the board has fired CEO Sean Dollinger for cause and removed him from his position as director, effective immediately. Shares dropped 14% following this announcement.

Zenabis Global (TSXV: ZENA), a licensed cannabis cultivator of medical and recreational cannabis, has signed a supply agreement with Shoppers Drug Mart. Zenabis is seeking approval to sell dried marijuana and cannabis oil. Under the terms of the agreement, Shoppers Mart will online sell Zenabis branded medical cannabis products.

3 Sixty Risk Solutions Ltd. (CSE: SAFE) subsidiary 3 Sixty Secure Corp., which provides security services to the cannabis sector in Canada, has struck a deal with Pineapple Express Delivery to provide security services that support same day, last mile cannabis delivery services to residences and retailers across Canada. As part of the agreement, 3 Sixty Secure will provide secure transport services for large volume cannabis and short-term cannabis storage services across the country.

Aurora Cannabis (TSX: ACB) (NYSE: ACB) said that its extraction technology partner Radient Technologies (TSX-V: RTI) (OTCQX: RDDTF) has received its standard processing license from Health Canada. Radient’s patented technology for the extraction of active ingredients from biomass such as cannabis and hemp is called Microwave Assisted Processing (MAP) which Aurora believes is disruptive for the cannabis industry.

Cannabis focused investment firm Cannabis Growth Opportunity (CSE: CGOC) has made an undisclosed amount of investment in NorCal Cannabis, one of the largest vertically integrated cannabis operators focused on cannabis products and brands. NorCal currently operates the direct-to-consumer delivery platform for retail sales across California.

CannaRoyalty d/b/a Origin House (CSE: OH) (OTCQX: ORHOF), a North American cannabis products and brands company, has agreed to provide $704,000 in financing to Humboldt’s Finest, an alliance of heritage cannabis farms representing Humboldt County. Humboldt’s Finest produces sun-grown cannabis flower on their farms in Humboldt County, California, which is processed into products including jarred flower, pre-roll flower joints, live resin dabs/jars and/or live resin cartridges.

FSD Pharma (CSE: HUGE) (OTCQB: FSDDF), shareholder in High Tide, reported a letter of intent by High Tide with a winner of one of the 25 opportunities to apply for a license to operate a cannabis retail store as a result of the Alcohol and Gaming Commission of Ontario’s expression of interest application lottery conducted last month. Under the terms of the LOI, High Tide will acquire a minority interest in the winner and will assist the winner with establishing and operating a cannabis retail store in Ontario.

C21 Investments (CSE: CXXI) has acquired Phantom Venture Group and Phantom Brands of Oregon. Phantom Farms has outdoor cannabis cultivation facilities totaling 80,000 square feet with an additional 40,000 square feet under development in Southern Oregon. The company also operates a 5,600 square foot facility which includes a wholesale distribution warehouse and an extraction laboratory, and a 7,700 square foot state-of-the-art indoor grow facility in central Oregon.

Helix TCS (OTCQB: HLIX) subsidiary BioTrackTHC has been tapped by the State of Illinois to provide the software solution for tracking medical cannabis sales for patients participating in the state’s Opioid Alternative Pilot Program. BioTrackTHC is already working with the state to track and trace medical cannabis supply chain.

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