Case Studies
California Governor Approves Fast Track for Cannabis and Psychedelics Studies
LOS ANGELES – Governor Gavin Newsom (D) signed Assembly Bill ...
AYR Wellness Secures Extension of Debt Waiver Ahead of Financial Deadline
LOS ANGELES- AYR Wellness Inc. a vertically integrated multi-state cannabis ...
Americans Overwhelmingly Oppose Federal Cannabis Prohibition
LOS ANGELES- A recent survey by the Pew Research Center ...
Solvonis Therapeutics to Acquire Awakn Life Sciences in Strategic Biotech Merger
LOS ANGELES- Solvonis Therapeutics PLC, a UK-based biotechnology firm specializing in treatments for mental health and substance use disorders, has entered into an agreement to acquire Awakn Life Sciences Corp., a Toronto-based company developing therapeutics ...
Compass Pathways Projects FY2025 Net Cash Use of $120M-$145M
LOS ANGELES- Compass Pathways plc a mental health care company specializing in psilocybin therapy, has announced an expected net cash utilization of $120 million to $145 million for the fiscal year 2025. As of February ...
Cronos Group Reports $8.7 Million in Operating Expense Savings for FY2024
LOS ANGELES- Cronos Group Inc. has announced operating expense savings of $8.7 million for the fiscal year 2024, aligning with its previously stated target range of $5 million to $10 million. These savings were primarily ...
Senate Farm Bill Draft Proposes Redefinition of Hemp
LOS ANGELES- The U.S. Senate Agriculture Committee has released a draft of the 2024 Farm Bill, introducing significant changes to the federal definition of hemp. The proposed legislation aims to address concerns over intoxicating hemp-derived ...
California Cannabis Dispensaries Face New Tax Payment Rules
LOS ANGELES- In November 2024, numerous licensed cannabis dispensaries in the Los Angeles area received notices from the California Department of Tax and Fee Administration (CDTFA) indicating a shift in their tax payment schedules from ...
Willow Biosciences Reports Q3 2024
LOS ANGELES- Willow Biosciences Inc., a biotechnology firm specializing in the industrial production of functional ingredients, has reported its financial results for the third quarter of 2024. The company achieved record revenue of $1.7 million ...
UK Explores Raising THC Limits for Industrial Hemp to Boost Farming Prospects
LOS ANGELES- The United Kingdom is evaluating a proposal to increase the permissible tetrahydrocannabinol (THC) content in industrial hemp from 0.2% to 0.3%, aligning with standards in the European Union and the United States. This ...
Solvonis Therapeutics to Acquire Awakn Life Sciences in Strategic Biotech Merger
LOS ANGELES- Solvonis Therapeutics PLC, a UK-based biotechnology firm specializing in treatments for mental health and substance use disorders, has entered into an agreement to acquire Awakn Life Sciences Corp., a Toronto-based company developing therapeutics ...
Compass Pathways Projects FY2025 Net Cash Use of $120M-$145M
LOS ANGELES- Compass Pathways plc a mental health care company specializing in psilocybin therapy, has announced an expected net cash utilization of $120 million to $145 million for the fiscal year 2025. As of February ...
Cronos Group Reports $8.7 Million in Operating Expense Savings for FY2024
LOS ANGELES- Cronos Group Inc. has announced operating expense savings of $8.7 million for the fiscal year 2024, aligning with its previously stated target range of $5 million to $10 million. These savings were primarily ...
Cannabis Vaporizer Market Projected To Reach US$ 26 Billion By 2030
NEW YORK– Vaporizing using electronic devices and conventional smoking are the two methods of cannabis consumption. Portability, flexibility, and temperature control features have led to the shift of consumers toward handheld vaporizers from conventional methods, ...
Houseplant Launches at The Apothecarium’s California Dispensaries
SAN FRANCISCO– The Apothecarium is offering cannabis from Houseplant, the cannabis lifestyle brand founded by Seth Rogen and Evan Goldberg, at its five California dispensaries. The Apothecarium has three San Francisco locations (Castro, SOMA and ...
Actor Jaleel White Launching Cannabis Line Featuring ‘Purple Urkle’ Strain on 4/20
LOS ANGELES – Jaleel White's alter ego Steve Urkel is a household name in the USA, but the 44-year-old said he was more like Willy Wonka when he was discussing his new cannabis line ItsPurpl, ...
Trulieve Announces Expungement Programs in Several States as Part of 420 Celebration
TALLAHASSEE– Trulieve (CSE: TRUL) (OTCQX: TCNNF) a multi-state cannabis company, announced today a series of expungement clinics located throughout south and central Florida, as well as virtual events in Georgia and Massachusetts. The clinics are ...
Boston Cannabis Delivery Company, Zip Run, Secures $2.3 Million Seed Funding
BOSTON– ZIP RUN, one of the first social equity companies to create a cannabis delivery platform, announced today the completion of a $2.3 million seed funding round led by Mollitiam Capital. Zip Run is on ...
Psychedelic Decriminalization Bill Clears 2nd Hurdle in California Senate
SACRAMENTO: State Senator Scott Weiner announced his bill #SB519 easily advanced through the Health Committee on a 6-2 vote on Wednesday. This was the second hurdle in the California Senate committee has approved a bill ...
Cannabis Sales Predicted to Reach $370M For 4/20
DENVER– Business intelligence from Akerna (Nasdaq: KERN), an enterprise software, compliance technology provider, predicts that Tuesday, April 20th, a widely-popular yet unofficial "holiday" celebrating cannabis consumption, will gross $95,000,000 in legal cannabis retail sales nationally, ...
Cornbread Hemp Launches First Full Spectrum Certified Organic CBD Gummies
LOUISVILLE– Cornbread Hemp, the most widely distributed CBD brand from Kentucky, announced the launch of its Organic Berry CBD Gummies, just in time for 4/20. Made with 100% plant-based, vegan-friendly ingredients, this is the first CBD ...
Premier Cannabis Beverage Company Keef Brands Expands Eastward: Missouri, Ohio and Maine
DENVER – The next evolution of drinking with friends has come to the Midwest and East Coast. Keef Brands, founded in 2010 in Boulder, CO as one of the original cannabis-infused beverage companies and now ranked by ...
California Cannabis Lifestyle Brand LEUNE Raises Over $5M
LOS ANGELES–Today Leune, a California-based lifestyle brand that caters to the Cannabis 3.0 Consumer, is unveiling a strategic fundraise with influential investors in sports, music, and cannabis. Participants include La La Anthony, Carmelo Anthony, John ...
Green Flower Anounces Washington Cannabis Career Summit
BELLINGHAM, Wash.,–Green Flower is launching their first online Cannabis Career Summit designed to help career seekers better understand the realities and complexities of the cannabis industry, learn what skills and qualifications they need to stand ...
Decibel Announces Year-End Financial Results
CALGARY, AB, – Decibel Cannabis Company (TSXV: DB) (OTCQB: DBCCF) , a cannabis producer and retailer, is announced its year-end financial results for the three and twelve month periods ending December 31, 2020. "The success ...
The Valens Company Enters Topicals Category With Launch Of ”Nūance” CBD Bath Bombs
KELOWNA, BC, – The Valens Company (TSX: VLNS) (OTCQX: VLNCF), a leading manufacturer of cannabis products, today announced the launch of nūance CBD bath bombs. The bath bombs will join nūance's lineup of premium wellness products developed with ...
Connected Cannabis Co. Announces $30M Capital Raise
SACRAMENTO– Connected Cannabis Co, a cannabis cultivator, retailer and market leader in California, today announced the closing of a $30 million capital raise consisting of debt and equity financing. The round was led by existing investors Navy ...
The Legion of Bloom Partners with Environmental Not-for-Profits
SANTA ROSA, Calif.,–The Legion of Bloom, a cannabis company based in Northern California, announced the launch of a new program that cements its reputation for sustainability and corporate social responsibility by aligning with environmental not-for-profits. ...
Khiron Receives Accreditation for UK Medical Cannabis Education and Partners with UK’s Cellen Therapeutics to Improve Clinician Education
TORONTO– Khiron Life Sciences Corp. (TSXV: KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC), a vertically integrated cannabis leader with core operations in Latin America and Europe, announced it has received UK Continuing Professional Development accreditation for Khiron ...
QwikLeaf Unveils World’s First Cannabis Smart Locker and Delivery Network
PALM SPRINGS, Calif.,– QwikLeaf, developer of the world's first smart locker solution for cannabis deliveries, today announced the completion of its technology platform. The platform allows for cannabis customers to order online and pick-up orders ...
Canopy Growth Introduces Vert – a Quebec-Exclusive Cannabis Brand
MIRABEL, QC,– Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, hemp, and vaporization device company, is announcing the launch of Vert, the Company's first Quebec-exclusive brand. The first two strains to launch ...
The Valens Company Reports Financial Results for the First Quarter of Fiscal 2021
KELOWNA, BC– The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF), a manufacturer of cannabis products, reported its first quarter financial results for the period ended February 28, 2021. Tyler Robson, Chief Executive Officer, Co-Founder and ...
Premier Cannabis Brand COOKIES Founder and CEO Celebrates 4/20 with Cannabis and Comedy
SAN FRANCISCO– Premier Cannabis Brand COOKIES Founder and CEO Gilbert Milam Jr. aka Berner hosts "Couch Locked," a 420 Comedy Show on April 20, 2021, the holiday celebrating marijuana. The hybrid live/virtual event is co-hosted by comedians Michael Blackson and Paul Rodriguez and ...
The Emerald Cup Announces 2021 Award Winners
LOS ANGELES – The pandemic did not stop the “Academy Awards of Cannabis” known as The Emerald Cup from celebrating excellence in the sungrown cannabis world and awarding the “best-in-class” in their community. Airing live, The ...
Aphria Shareholders Overwhelmingly Approve Proposed Arrangement With Tilray
LEAMINGTON, ON–(TSX: APHA) (NASDAQ: APHA), a leading global cannabis-lifestyle consumer packaged goods company, today announced that its holders of Aphria's common shares at the special meeting of Aphria Shareholders approved the previously announced arrangement under the Business ...
Lumiera Health Begins Sales Of Awaye™ Pain Relief Cream and Launches DTC e-Commerce
MONTREAL– Lumiera Health Inc. (TSXV: NHP), a company specializing in the development and commercialization of evidence-based botanical products for the healthcare industry, announced the launch of Awaye™ pain relief cream for the Canadian market. Awaye™ provides ...
C21 Announces Release Date of Fiscal Year End Financial Results
VANCOUVER, B.C.,– C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF), a vertically-integrated cannabis company today announces it will release its year end audited financial results on May 18, 2021. The Company has received the requisite approvals ...
Nextleaf Solutions Awarded U.S. Patent for Synthesizing THC-O-Acetate
VANCOUVER, B.C.– Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA), the world's most innovative cannabis processor, announced that the United States Patent and Trademark Office has granted the Company a patent pertaining to a ...
