Business
Curaleaf Fires Back at Aurora Claims with Detailed Fact Sheet
STAMFORD – Curaleaf Holdings Inc. released a 14-point public fact sheet taking direct aim at what it described as misleading statements Aurora Cannabis Inc. has circulated in opposition to Curaleaf's unsolicited bid to acquire the company. The hostile takeover bid values Aurora at approximately US$272 million (C$374.8 million). Aurora's board unanimously rejected the proposal and ...
Cannaflex Opens European Export Route
RABAT – Moroccan operator Cannaflex has secured EU-GMP compliance verification for the commercial export of medical Cannabis starting materials to Switzerland and broader European markets, marking an operational milestone for the Kingdom's legal framework. Working in collaboration with Swiss-based Pharmaserv AG, the documented supply pathway links GACP-certified cultivation in Morocco's historic Rif region directly with ...
Opus Consulting Appointed Receiver for PharmaCann Maryland Assets
BALTIMORE – Business advisory firm Opus Consulting, acting through President Jacques Santucci, has been appointed court receiver for the Maryland assets of PharmaCann, initiating a court-approved structured bidding process to sell the company’s state-issued licenses and operational infrastructure. The receivership, ordered by the Circuit Court for Montgomery County, MD, follows an action initiated by Argent ...
Grown Rogue Launches Cultivation Ops in Minnesota
MEDFORD – Grown Rogue International Inc. officially began cultivation operations at its Fridley, Minnesota facility, nine months after first securing the location in December 2025. Phase I puts roughly 8,000 sq. feet of flowering canopy into production. The first indoor craft flower to come out of a purpose-built, multi-state-operator facility inside the state. The building ...
NEWS: Psilocybin Could Help Prevent Debilitating Nerve Damage Caused by Chemotherapy
AUSTIN – A new study from The University of Texas MD Anderson Cancer Center suggests that psilocybin, the psychedelic compound found in certain mushrooms, could eventually help prevent one of chemotherapy’s most painful and persistent side effects. The research, published September 3 in the journal Science, examined whether psilocybin could prevent chemotherapy-induced peripheral neuropathy, commonly known ...
Elixinol Offloads Its US Hemp Business to Ananda Health
SYDNEY – Australian Elixinol Wellness Limited has entered into a binding asset purchase agreement with Ananda Health to sell its wholly-owned subsidiary, Elixinol LLC, effectively exiting the United States hemp market. Under the transaction terms, Ananda Health will acquire the assets, intellectual property, and operational goodwill of Elixinol’s U.S. operations for a total headline consideration ...
cbdMD Moves to Acquire Twinlab
CHARLOTTE – cbdMD, Inc. entered into a definitive asset purchase agreement to acquire the operating assets and brands of Twinlab, including Twinlab, Reserveage, Metabolife and Alvita Tea. The transaction is structured through an assignment for the benefit of creditors proceeding and remains subject to court approval along with customary closing conditions. Based on unaudited figures, ...
Aurora vs Curaleaf: M&A Clash Reaches Shareholder Decision Point
EDMONTON - STAMFORD – Aurora Cannabis Inc. filed its directors' circular, unanimously urging shareholders to REJECT the unsolicited takeover bid from Curaleaf Holdings Inc., calling the offer inadequate and warning it puts long-term shareholder value at risk. Curaleaf fired back the same afternoon, reaffirming its bid and calling Aurora's board defiant at shareholders' expense. The ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Some weeks move the needle. The past fortnight moved the whole dial. A Phase 3 breakthrough, a nine-figure pharma bet, a federal price tag on legalization, hemp THC ban delay, and a hostile takeover bid that turned into a very public argument about what this industry is actually worth. Cannabis and Psychedelics ...
ATB Cormark Conference: Cannabis Operators Focus on Debt and Cash Flow
NEW YORK – Senior executives from major MSOs, including Green Thumb Industries, Trulieve Cannabis, Verano Holdings, Curaleaf and Vireo Growth are scheduled to hold private meetings with institutional fund managers in Manhattan next week at the ATB Cormark Cannabis Institutional Investor Conference. Hosted by ATB Cormark Capital Markets, the event marks the primary life sciences ...
Cresco Labs Closes Pennsylvania Dispensary Deal
CHICAGO – Cresco Labs Inc. announced the closing of its acquisition of 100% of the outstanding equity interests in PharmaCann Penn, LLC for an aggregate consideration of $50 million. The deal covers nine operational retail medical Cannabis dispensaries in the Keystone State – the transaction immediately accretive to revenue, margins and cash flow. The integration ...
Grön Scatters Pearls Over Four States at Once
PORTLAND – Grön officially announced that its flagship Pearls line is now available in California, Colorado, Michigan, and Nevada – the company's largest simultaneous multi-state rollout to date. The expansion places Grön inside some of the most competitive Cannabis retail environments in the country, where brands fight for limited shelf space and hard-to-retain consumer attention. ...
CSP C-Store Cannabis Board Teams with Element Training on Hemp and Cannabis Certified Education
CHICAGO – The CSP C-Store Cannabis Board has formalized a partnership with Element Training to deliver structured Hemp and Cannabis Education to convenience store operators and their staff. The program covers product knowledge, age verification, and compliance requirements at the federal, state, and county level, with content automatically calibrated to each store's location. Built into ...
Canada Is Now the World’s Largest Cannabis Market
OTTAWA – Supported by 3,420 licensed stores and roughly 7.1 million past-year consumers, Canada's legal industry generated C$5.42 billion (approx. US$3.98 billion) in retail sales in 2025, making it the world's largest federally-legal Cannabis market by a substantial margin. That distinction matters. Unlike the United States, where Cannabis remains a Schedule I federal substance and ...
JARS Cannabis Acquires Sonoran Roots, Claiming Arizona’s Retail Top Spot
PHOENIX – JARS Cannabis and Sonoran Roots have signed a definitive agreement under which JARS will acquire Sonoran Roots, creating Arizona's largest Cannabis retail network – 27 dispensary locations operating under a single platform. The deal adds Sonoran Roots' eight Ponderosa Dispensary locations (in Chandler, Flagstaff, Glendale, Mesa, Phoenix, Queen Creek, Tempe, and Tucson) to ...
California Tightens Rules on Cannabis Packaging Attractive to Kids
LOS ANGELES – California's effort to draw a sharper legal line around child-appealing Cannabis packaging has cleared the legislature, sending AB 2249 to Gov. Gavin Newsom for final action. The measure, sponsored by Assemblymember Jacqui Irwin (D), received final legislative approval when the Assembly voted 69-1 to concur with amendments made by the Senate. The ...
Massachusetts Opens New Round of Social Equity Applications for Cannabis
BOSTON – The Massachusetts Cannabis Control Commission will begin accepting new applications for its Social Equity Program on September 1, with the intake period running through November 30. The commission will also hold four virtual application clinics, beginning August 26, to help prospective participants understand the program and application process. The Social Equity Program (SEP) ...
Aurora Disputes the Narrative Behind Curaleaf’s Hostile Bid
EDMONTON – Aurora Cannabis Inc. fired back at Curaleaf Holdings Inc., rejecting the claims the Connecticut-based MSO has been advancing to Aurora shareholders to justify its unsolicited takeover bid. In a statement issued today, Aurora's leadership challenged Curaleaf's portrayal of its business across four fronts: the German medical Cannabis market, the history of pre-bid negotiations, ...
Portugal Medical Cannabis Outpaces 2025 Export Run Rate
LISBON – Portugal's medicines regulator, Infarmed, has confirmed that the country exported 66,305 kilograms of medical Cannabis between January and June 2026, equivalent to more than 80% of everything it shipped in all of 2025. At that pace, the full year is on track to comfortably double the previous annual record. The trajectory over the ...
CRB Monitor and NCS Analytics Partner to Bridge the Cannabis Compliance Data Gap
DENVER – Two of the industry's most data-intensive platforms that have long operated on parallel tracks in the Cannabis compliance space announced a formal partnership, combining regulatory licensing records with real-time operational analytics into a unified intelligence layer for financial institutions. CRB Monitor, the market authority on Cannabis licensing and corporate intelligence, and NCS Analytics, ...
Decibel Reports Q2 2026 Financial Results
CALGARY – Decibel Cannabis Co. Inc. reported second-quarter net revenue of $35.6 million for the period ended June 30, 2026, the best three-month result in the company's history. A licensed Canadian Cannabis producer simultaneously raised its full-year 2026 guidance and announced a 15-to-one share consolidation. Net revenue grew 19% year-over-year, with domestic sales rising 6% ...
Organigram Pulls Sanity Group Into a Single Global Structure
TORONTO – Organigram Global Inc. did not wait out the calendar. Roughly four months after the April 2026 closing of its acquisition of Sanity Group GmbH, the Canadian Cannabis producer announced an accelerated integration of its German subsidiary under a unified global operating structure, backed by senior leadership changes and a restructured earnout agreement. The ...
Aurora Takes Ownership of UK Patient Supply Chain with Birmingham Acquisitions
EDMONTON – Aurora Cannabis Inc. has acquired two licensed UK pharmaceutical entities, consolidating vertical control of its distribution network in one of Europe's most active medical Cannabis markets. Through a wholly owned subsidiary, Aurora announced that it indirectly purchased all of the shares of Internode Pharma Limited, a licensed Cannabis importer and wholesaler, and HAP ...
Texas’s Dazed Inc Claims Expansion and Buyback Strategy
AUSTIN – Dazed Inc., formerly MedX Holdings, Inc., released a corporate update covering retail expansion, Q2 2026 financial results, a planned stock buyback, and product distribution. The company announced a signed franchise agreement for a new Lazydaze Coffeeshop in Dallas. According to Dazed, the brand now has 13 locations in its overall footprint, including 7 ...
Analysis: The DEA Is Now Fighting to Move Cannabis to Schedule III
WASHINGTON, D.C.,- For more than 50 years, the Drug Enforcement Administration has helped enforce federal Cannabis prohibition. This week, the DEA formally argued that Cannabis no longer belongs in Schedule I. In its final written argument following 11 days of hearings, the agency defended moving Cannabis from Schedule I to Schedule III and rejected the ...
