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Cannabis Stock News Daily Roundup February 14

M.Nadeem

Weekend Unlimited (CSE: POT) (OTCMKTS: WKULF) has agreed to acquire R&D Pharma’s Jamaican interests. R&D, which is building a medical cannabis business in Jamaica, secured a license for full cultivation of cannabis plants.

Adult use cannabis retailer Choom (CSE: CHOO) (OTCQB: CHOOF) has entered into a letter of intent agreement with one of the 25 Cannabis Retail lottery winners to open a location in Ontario. The company is building one of the largest retail cannabis networks in Canada.

Village Farms International (TSX: VFF) (OTCQX: VFFIF) said that its 50%-owned joint venture for large-scale, low-cost cannabis production Pure Sunfarms Corp. entered into a credit agreement with Bank of Montreal for a C$20 million loan. The company intends to use the money to finance the final costs of converting its 1.1 million square foot greenhouse for cannabis production, and for general corporate purposes.

Lifestyle Delivery Systems (CSE: LDS) (OTCQX: LDSYF) said that it has finalized artwork for the new CannaStrips packaging. The company and its subsidiary CSPA Group have been struggling with the numerous changes to the state packaging regulations which were passed in the last fourteen months.

Liht Cannabis (CSE: LIHT) (OTCQX: LIHTF) has launched a new hemp seed oil based skincare brand called PureCloud 9. It is a collection of six hemp seed oil based skincare products for the health and wellness market.

Liberty Health Sciences (CSE: LHS) (OTCQX: LHSIF) is opening a new dispensary in North Miami, Florida. The dispensary, located at 10795 Biscayne Blvd., Miami, will provide “the highest-quality medical marijuana,” according to a company’s press statement.

1933 Industries (CSE: TGIF) (OTCQX: TGIFF), a Canada-based licensed cultivator and producer of cannabis flower and concentrates and manufacturer of hemp/CBD wellness products, said that its subsidiary Infused MFG has established its own product distribution in 46 states. Infused MFG, which makes hemp-based, CBD infused health and wellness products, has established its own distribution to more than 600 stores.

Youngevity International (NASDAQ: YGYI) has entered into an agreement to purchase all the assets of Khrysos Global, a Tampa, Fla.-based manufacturer of hemp-based CBD extraction equipment. The purchase price is $16 million, consisting of common shares and cash.

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