Venture Market News for January 15, 2019
- Charlotte’s Web Hemp Harvest Increases 10X, Building Inventory to Meet Growing CBD Product Demand
Ensuring quality CBD products are always available for people who rely on
“The World’s Most Trusted Hemp Extract™”
BOULDER, CO, Jan. 15, 2019 /CNW/ – (CSE: CWEB; OTCQX: CWBHF) Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”), the market leader in whole-plant hemp extract products with naturally occurring cannabidiol (“CBD”), today reported its 2018 harvested hemp results. The Company reported more than a 10 times growth in harvested hemp compared to its 2017 grow season. The high-quality 100% U.S.-grown hemp will be processed through proprietary extraction methods to create whole plant hemp extract that will be used in Charlotte’s Web products for sale in 2019 and 2020.
- MariMed Forms MariMed Hemp, Inc. Subsidiary For Hemp-Derived CBD Product Branding and Distribution
Norwood, MA, Jan. 15, 2019 (GLOBE NEWSWIRE) — MariMed Inc. (OTCQB:MRMD), a leading multi-state cannabis operator, today announced the formation of MariMed Hemp, Inc., a wholly-owned subsidiary to be entirely focused on hemp-derived CBD products. MariMed Hemp will have a dedicated executive team, proprietary brand and product lines, and distribution and marketing relationships, all separate from MariMed’s core cannabis business.
- MJardin Group Commences Trading on OTCQX Best Market
MJardin Group, Inc. (“MJardin” or the “Company”) (CSE:MJAR) (OTCQX: MJARF), a global leader in cannabis management, announced today that its common stock has been approved to upgrade to the OTCQX Best Market, effective immediately.
- Origin House to Convert MÜV Royalty Interest to AltMed Equity, Increasing Ownership Position in Leading Florida and Arizona Cannabis Company
OTTAWA, Jan. 15, 2019 /CNW/ – CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF), (“Origin House” or the “Company”) a leading North American cannabis products and brands company, today announced that it has signed a binding term sheet (the “Agreement”) with Alternative Medical Enterprises, LLC (“AltMed”) to convert the Company’s 3.5% royalty interest on the sale of AltMed’s MÜV branded products (“MÜV”) into a combination of cash and 125 units of AltMed’s equity raising Origin House’s aggregate equity position in AltMed to 5.1%.
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