DENVER, Colo., July 16, 2019- (24/7MarketNews via COMTEX) Venture Market News for July 16, 2019.
CV Sciences, Inc. Expands Operations with New Production and Warehousing Facility to Support Worldwide Growth Opportunities
Facility Expansion Increases Hemp CBD Oil Production and Warehousing/Fulfillment Capacity by More Than 500 Percent
SAN DIEGO, July 16, 2019 (GLOBE NEWSWIRE) — CV Sciences, Inc. (OTCQB:CVSI) (the “Company”, “CV Sciences”, “our”, “us” or “we”), a preeminent supplier and manufacturer of hemp cannabidiol (CBD) products through its industry-dominating brand, PlusCBD™ Oil, today announced the expansion of its operations with a new production and warehouse facility.
Khiron Targets Over 40,000 Beauty Industry Leaders with Kuida Skin Care Brand at Cosmoprof North America
- Full portfolio of Kuida products will be exhibited at the event’s Discover Beauty Pavilion to over 40,000 retail buyers, distributors, and beauty industry professionals
- Kuida is the first Colombian mass-market CBD cosmeceutical brand to showcase at Cosmoprof
- Participation in Cosmoprof North America marks crucial step towards expansion of Kuida into the United States, subject to TSX approval, targeting $20 billion dollar U.S. cosmetic market (Euromonitor)
- Further solidifies strong relationship between Kuida and a growing network of retailers, distributors and buyers, as the brand continues to experience strong demand
- Kuida the only CBD skin care product line available at retail in Colombia
TORONTO, July 16, 2019 /PRNewswire/ – Khiron Life Sciences Corp. (“Khiron” or the “Company“) (TSXV: KHRN), (OTCQB: KHRNF), (Frankfurt: A2JMZC), a vertically integrated cannabis leader with core operations in Latin America, announced today that the Company will participate in Cosmoprof North America, taking place July 28 – July 30 at the Mandalay Bay Convention Center in Las Vegas, Nevada. Recognized as the leading B2B beauty event in North America, this event will present the Company’s Kuida cosmeceutical portfolio to a vast network of U.S. retailers, distributors and buyers, as the Company targets U.S. consumers through its previously announced Joint Venture with Dixie Brands.
United Cannabis Corporation Signs CBD Isolate Contract Valued at $30 – $40 Million
DENVER, July 16, 2019 (GLOBE NEWSWIRE) — United Cannabis Corporation (OTCBB: CNAB) (the “Company” or “United Cannabis”) today announced it has been contracted to provide a single customer with its hemp-derived CBD isolate oil for a period of 100 weeks. The fair market value of the agreement is estimated to be between $30 to $42 million, based on mutually agreed-price adjustments. The CBD isolate will be processed at the Company’s 14,300 square foot, state-of-the-art extraction facility in Mead, Colorado.
TILT Holdings Announces U.S. $125 Million Convertible Note Financing
TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQB: SVVTF) today announced that it has signed a binding term sheet for a private placement of US $125 million from a syndicate of institutional investors (the “Financing Syndicate”) led by UCP, a Toronto-based investment firm specializing in cannabis and alternative assets. This investment will be in the form of convertible senior secured notes (the “Notes”) that will provide aggregate gross proceeds to TILT of a minimum of US $50 million and up to US $125 million, at the election of the Company (the “Financing”). The Financing is subject to the completion of due diligence and definitive legal documentation, and it is expected to close in August.
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