Grown Rogue International (CSE: GRIN) (OTC: NVSIF) reported a 365% year-over-year increase in revenues for the first quarter ending January 31. The company’s flower production represents around 55% of total sales with the remainder coming from concentrates, pre-rolls, and a new edibles line launched in December 2018.
Colombian company cannabis cultivator Pideka SAS is partnering with Canadian cannabis business innovator Lisa Campbell, CEO of Lifford Cannabis Solutions, to bring medical cannabis to the Canadian market. Pideka is licensed to produce and manufacture cannabis extracts, seeds and final products for medical and scientific use and is currently exploring global market export opportunities in the near future from Colombia to Canada.
Canadian firm Empower Clinics (CSE: EPW), which owns medical cannabis clinics, said that it will be conducting a non-brokered private placement of unsecured convertible debentures of up to $1.50 million. Each debenture will be convertible into units of the company at a conversion price of $0.15 per unit, with each unit to consist of one common share in the capital of the company and one non-transferable share purchase warrant.
Flower One Holdings (CSE: FONE) (OTCQB: FLOOF) has filed and been receipted for a preliminary short form prospectus with securities regulatory authorities in all provinces of Canada (except Québec) in connection with a proposed overnight-marketed public offering of convertible debenture units. Each debenture unit will consist of one 8.0% unsecured convertible debenture and an amount of common share purchase warrants to be determined in the course of marketing the offering.
Harvest One Cannabis (TSXV: HVT) (OTCQX: HRVOF) and Delivra Corp. (TSXV: DVA) have entered into an agreement under which Harvest One will acquire all of the issued and outstanding common shares of Delivra. Under the terms of the agreement, shareholders of Delivra will receive 0.595 common shares of Harvest One for each Delivra share.