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How OrganiGram Holdings Inc (OTCMKTS:OGRMF) Fills Up the Map

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OrganiGram Holdings Inc (OTCMKTS:OGRMF) shares have pulled back to test key support at the stock’s major long-term moving average, but still well above its pivot summertime lows. The trend remains sloped higher into the teeth of this recent volatility. To help assuage the pressure, the company just announced that it has signed a supply agreement with the Province of British Columbia.

As noted in its presser, the company has signed an agreement with the BC Liquor Distribution Branch (BCLDB), the sole, wholesale distributor of non-medical cannabis for the province that will operate standalone, public retail stores and provide online sales. The upshot is the sense that Organigram is now a coast-to-coast player.

OrganiGram Holdings Inc (OTCMKTS:OGRMF) is a TSX Venture Exchange listed company whose wholly owned subsidiary, OrganiGram Inc., is a licensed producer of medical marijuana in Canada.

OrganiGram is focused on producing the highest quality, condition-specific medical marijuana for patients in Canada. OGRMF’s facility is located in Moncton, New Brunswick and the Company is regulated by the Access to Cannabis for Medical Purposes Regulations.

The company’s own portrayal of its market positioning runs as follows: “From the day we started back in 2013, it’s been about making lives better – for our clients, our people, and our community. We’re based in Moncton, New Brunswick, the heart of the Maritimes, but at OrganiGram Holdings we’re committed to improving the quality of life for Canadians across the country. For us, this means working with health-care providers and industry organizations, supporting research and education, and providing a safe, effective product.”

“To be effective in that last goal, we made a decision to produce organic cannabis. Growing certified organic medical cannabis isn’t easy, in fact, most licensed producers won’t take this on. It means more care, more testing, more rules… but in the end, it means a product that we feel delivers on our goals in the best way. And improving the quality of life for Canadians is not just about getting safe, quality product to them effectively. It’s about creating jobs, being good neighbors and contributing to our community.”

 

Coast to Coast

As noted above, OGRMF just came forward with news that the company has signed a supply agreement with the Province of British Columbia to take its geographic exposure to a full coast-to-coast status. The announcement has helped to pare recent pressure in the stock, with shares now up about 12% in the past week.

“Organigram’s strategic vision has always been to establish a definitive national footprint,” says Greg Engel, Organigram’s Chief Executive Officer. “We are proud to realize that vision and offer Canadians from coast to coast access to our growing recreational product portfolio.”

Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -21%. But support appears to be establishing itself in the past week.

“We are excited to work with partners across the country, now including the Province of British Columbia to help ensure the success of new adult-use recreational cannabis markets in each of these regions,” says Tim Emberg, Vice President of Sales and Commercial Operations, Organigram.

OrganiGram Holdings Inc (OTCMKTS:OGRMF) generated sales of $3.7M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of just 1% on the top line.

In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($155.8M against $9.1M).

Business

General Cannabis Corp (OTCMKTS:CANN) Plans To Acquire A Denver Vertically Integrated Cultivator And Retailer

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General Cannabis Corp (OTCMKTS:CANN) is pleased to announce that it will soon make its latest acquisition. However, it first needs to make its entry into a non-binding term sheet. The target is to acquire a huge deal of assets belonging to one Colorado-based licensed recreational cannabis cultivator.

About the business deal

This Colorado business has been running some two indoor cultivation facilities. Asides from that, it has also been operating a retail cannabis dispensary which is situated in central Denver. This dispensary has risen to become one of the most trusted and successful dispensaries in Denver. Nevertheless, it prides itself in being the holder of a library of world-class cannabis genetics.

The Company has already signed the Colorado House Bill 1090 (“HB-1090”). Probably, this is the reason behind the latest activities the company has been undertaking. This law gives a leeway for the interested companies to acquire licensed cannabis companies in Colorado. The approval by the law might witness more companies follow suit in making these acquisitions.

Currently, the parties in charge are working on the various regulations in line with the implementation of the law. When finalized, the business giant reveals that it won’t hesitate in entering the binding transaction for the Business.

Focus into the future

General Cannabis has revealed its plan to purchase the Company’s common stock. These will include the company’s tangible and intangible assets. The business guru expects to pay 40% in terms of shares and sixty percent in form of cash. Focus will at some point shift to the number of common shares issued at closing. In this case, the determination will take into account the 30-day volume weighted average price.

The General Cannabis Chief Executive Officer and Executive Chairman Michael Feinsod expressed his excitement in the latest developments. He said that the acquisition of the third licensed Colorado cannabis operator was a major step forward for them. The official looks forward to the company expanding its business to central Denver. According to him, the planned move will show their dedication to an expansion strategy.

General Cannabis is set to also expand its customer base by a significant margin if all moves according to plan.

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Leafbuyer Technologies Inc (OTCMKTS:LBUY) To Create A Mobile App With Blockchain Capabilities

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Leafbuyer Technologies Inc (OTCMKTS:LBUY) today spoke at length regarding the development of a new mobile application. The company spent several months in the creation of the all-encompassing application. One top official working with the business says that they will soon give a Press release regarding the latest move.

The application

The uniqueness of the application lies in how it manages to merge the various aspects of functionality. These include Leafbuyer’s search technology and the current deals. The business guru has also designed some blockchain wallet capabilities. The purpose is to ensure that the company’s loyal customers get the most from the move.

The CEO of Leafbuyer Kurt Rossner opines, “Leafbuyer provides multiple technology solutions to help businesses in the cannabis industry to attract and retain consumers. The integration of blockchain technology within the mobile application will boost transparency and provide accessible information regarding transactions and loyalty points.”

Leafbuyer says that the hosting of its wide range of products on multiple platforms will see it generate high profits. The tablets at participating dispensaries, the Leafbuyer app, and the Greenlight app are all remarkable platforms according to analysts.

This new application is all about centralizing the experience of the various consumers. Soon, the application will be distributed via the iOS App Store and the progressive web application (PWA).

Views about the future

The COO of Leafbuyer, Mark Breen, has spoken in relation to the much-awaited rollout. The official says that they look forward to seeing their consumers interact much more easily with clients. According to him, the ongoing efforts on the connection develop a good reputation for the company. Sooner or later, Leafbuyer will become very important for product company clients and dispensaries across the country.

Most of the consumers are looking forward to the completion of this app. They say that it will make it a lot easier for them to search for deals and businesses. The other services they will enjoy include the ordering of their favorite products as well as getting other items delivered. Those consumers that need to keep track of their loyalty points will do it more easily.

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Cannabis Science Inc (OTCMKTS:CBIS) Confirms The Success Of Its Reorganization Activities

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Cannabis Science Inc (OTCMKTS:CBIS) has spoken in regards to its European business. The company outlines that its reorganization activities have been successful. For that reason, it is hopeful that it will be able to fulfill most of its customers’ requirements. The business giant also takes its stakeholders and business partners seriously and seeks to satisfy their needs effectively.

Company’s areas of focus

The reorganization is set to take efficiency of the CBIS’ European operations to the next level. This is according to one of the top executives in the company who believes the operation should be effective as well. The official says there is need to set in place the necessary infrastructure. This will make it possible for the business to manage its own supply chain logistics. The company also needs to focus on other areas such as revenue growth and new product development.

Cannabis Science has also settled on The Netherlands as the headquarters for its cultivation, extraction, and manufacturing activities. The company also wishes to let interested parties understand that it has already dissolved its former operations in Germany.

Mr. Dabney’s perspective

The Chief Executive Officer and also a co-founder Mr. Raymond C. Dabney outlines that they want to be more aggressive. They want to pay attention to major areas such as cultivation, product development activities and extraction. According to the top executive, the company wants to merge all its activities in Europe and let all of them run in a single organization.

Earlier, the initiatives were run through joint ventures. The parties here were CBIS Europe GmbH and Dupetit GmbH but will now run under CBIS Holding B.V. Dabney is confident that they will succeed in their efforts targeted at growing their business throughout the European market.

CBIS Holding B.V. is working on its business plans. Hopefully, it will be manufacturing and distributing the current CannaPOW® and Cannabia® beverage line. The other products it will be dealing in will be the hemp and cannabis-infused products.

Mr. Dabney has also confirmed that the company has also achieved other major business developments in the U.S. The recapitalization of CBIS preparations are currently underway and are running alongside the new important projects.

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