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Cannabis Stock News Daily Roundup August 28

ME Staff

Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) has announced that an Alberta provincially-approved cannabis retail licensee is opening a cannabis retail store in Cold Lake, Alberta, under the Choom brand. The Choom-branded store is set to open on Saturday, August 31.

GB Sciences (OTCQB: GBLX) has named Darin Carpenter as the company’s new executive vice president for operations and general manager. In his new role, Carpenter will design and implement business strategies, marketing, manage the company’s cultivation and manufacturing operations, create and maintain tight budgets, and take the lead in monitoring and improving company performance and capital, according to a company statement.

CBD Nationwide, the largest in-house CBD manufacturer, has expanded operations and facilities in a bid to boost the production of CBD products for clients. In addition to its formulations of CBD oils, candies, caramels, gummies, and skincare, the company said that its newly-added CBD products are available for private label, including lollipops, soft chews and tablets.

Harvest One Cannabis (TSX-V: HVT) (OTCQX: HRVOF) has appointed Aaron Wong as chief financial officer, effective immediately. Wong will lead the company’s finance strategy and oversee financial operations. While, Chris Podolsky, interim CFO, will remain in an advisory capacity to the company for an appropriate period to ensure a smooth CFO transition, the company said in a statement.

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Curaleaf Holdings (CSE: CURA) (OTCQX: CURLF) reported its financial and operating results for the second quarter ended June 30. Total revenue for the quarter rose 231% year-over-year to $48.5 million, versus $14.6 million in the same quarter of 2018. Net loss for the quarter was $24.4 million, versus a loss of $6.4 million in the same period of 2018. Net loss per share was $0.05, versus a loss of $0.01 for the same 2018 quarter.

The post Cannabis Stock News Daily Roundup August 28 appeared first on Market Exclusive.