Cannabis Stock News Daily Roundup July 16

MYM Nutraceuticals (CSE: MYM) (OTCBB: MYMMF) reported that planting is now complete for the 2019 growing season at the CBD-rich hemp project situated on 120-acres in Nye County, Nev. MYM has entered into a production agreement with Elite Ventures and invested $500,000 to grow one pivot of 120-acres of CBD-rich hemp in Nevada. Elite will plant, grow, and harvest the crop of which MYM is entitled to 50%.

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Rubicon Organics (CSE: ROMJ) (OTCQX: ROMJF) has received organic certification from the Fraser Valley Organics Producers Association at its 125,000-sq.-ft. hybrid greenhouse facility in Delta, BC. The company says it now positioned to supply organic and “super-premium cannabis grown at scale to a market where organic products are in high demand, short supply and priced at significant premiums,” according to a statement.

Charlotte’s Web Holdings (TSX: CWEB) (OTCQX: CWBHF) has appointed Tony True to the newly formed role of chief customer officer. True comes to Charlotte’s Web from Pharmavite, one of the largest U.S. manufacturers of vitamins, minerals, and other dietary supplements, where he served as executive vice president of sales.

Valens GroWorks Corp. (TSXV: VGW) (OTC: VGWCF) reported its financial results for the second quarter of fiscal 2019, with revenue increasing quarter-over-quarter 296% to $8.8 million. Gross profit rose to $5.1 million, or 58% of revenue, for the second quarter of 2019, versus $0.9 million or 38.3% of revenue in the first quarter.

PurLife Management Group, a multi-state cannabis operator with a dominant footprint in the state of New Mexico, announced the opening of a new dispensary location in Farmington. The new store is the company’s sixth location in New Mexico.

Harvest One Cannabis (TSX-V: HVT) (OTCQX: HRVOF) announced that its United Greeneries Ltd. subsidiary has signed a supply agreement with 9869247 Canada Ltd. Under the agreement, 9869247 Canada will cultivate and harvest United Greeneries’ premium cannabis genetics at their facility in Ontario.

Aurora Cannabis (NYSE: ACB) (TSX: ACB) has received Health Canada licenses for outdoor cultivation at two Canadian sites. The new sites in Quebec and British Columbia will be used for cultivation research to develop new technology, genetics and intellectual property in order to drive sustainable, high-quality outdoor production.

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