Business
Australia Legalizes Psilocybin and MDMA Prescriptions for Mental Health
SYDNEY, Australia–It has been an extraordinary week in the world of mental health treatment. The province of British Columbia has recently legalized drugs, and now, in a momentous development, the Australian Federal Government has decided to allow the use of MDMA and psilocybin for the treatment of specific mental health issues. As of July 1st, ...
3,000 Cannabis Leaders And Investors To Convene At World’s Largest Cannabis Business And Investment Conference, April 11-12 In Miami Beach
The 16th edition of the Benzinga Cannabis Capital Conference, the world's largest gathering of high-impact decision-makers, founders, and investors in the cannabis industry, is set to take place at the Fontainebleau Miami Beach Hotel on April 11-12, 2023. This two-day conference offers a platform for entrepreneurs, investors, and retail investors to learn about the industry, ...
Bright Green Issues Statement of Intent on Illegal Short Selling Activities
GRANTS, N.M. - Bright Green Corporation (NASDAQ: BGXX) (“Bright Green” or “the Company”), one of the very few companies selected by the U.S. government to grow, manufacture, and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export, today announced it has begun a review of the ...
TerrAscend Closes on Acquisition of High-Performing Dispensary in Maryland
TORONTO - TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), a North American cannabis operator, today announced the closing of its previously announced acquisition of Allegany Medical Marijuana Dispensary ("AMMD"), a medical dispensary in Cumberland, Maryland. Under the terms of the agreement (the "Transaction"), TerrAscend has acquired a 100% equity interest in AMMD for total consideration of ...
Akerna Corp. Announces Merger with Gryphon Digital Mining and Sale of Software Business to POSaBIT
DENVER - Akerna Corp. (Nasdaq: KERN) today announced it will merge with Gryphon Digital Mining, Inc. in an all-stock deal. Simultaneously with the closing of the merger with Gryphon, Akerna will sell its software business to POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), a leading provider of payments infrastructure in the cannabis industry. Gryphon, a ...
Ayr Wellness Announces Mutual Termination of Proposed Acquisition of Dispensary 33
MIAMI - Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), a U.S. multi-state cannabis operator, announced the termination of the Company’s previously announced proposed acquisition of the equity interests of Gentle Ventures, LLC d/b/a Dispensary 33, and certain of its affiliates that collectively own and operate two licensed retail dispensaries in Chicago, Illinois. Following the mutual ...
Charlotte’s Web Issues Statement on Hemp CBD Regulation
DENVER - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc., issues the following statement regarding the FDA's January 26th press announcement: Charlotte's Web is encouraged that the Administration has agreed that it is necessary for Congress to act for the regulation of hemp-derived cannabidiol. The FDA position has taken four years to come together, while ...
Curaleaf Announces Launch of Adult-Use Cannabis Sales at Stamford, CT Dispensary
NEW YORK - Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF), an international provider of consumer cannabis products, announced that it has been approved by the Connecticut Department of Consumer Protection to commence adult-use sales at its Stamford, Connecticut location, beginning Saturday, January 28 at 10:00 a.m. Curaleaf Stamford, located at 814 East Main St, is ...
Curaleaf Announces Closure of Operations in California, Colorado and Oregon
NEW YORK - Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF), an international provider of consumer cannabis products, announced the proactive closure of the majority of its operations in California, Colorado and Oregon, beginning this month, as part of its continued effort to streamline its business. Additionally, in an effort to further optimize operations and reduce ...
The Parent Company Announces Social Equity Ventures’ Brand Success Program
SAN JOSE, Calif. - TPCO Holding Corp. (NEO: GRAM.U) (OTCQX: GRAMF), a consumer-focused California cannabis company, today announced four participants in the Company's Social Equity Ventures Brand Success Program. Through the SEV Brand Success Program, The Parent Company aims to empower social equity brands with the knowledge and opportunity to scale their business, increase brand ...
Clever Leaves Announces Wind-Down of Portugal Operations as Part of Ongoing Restructuring Initiatives
TOCANCIPÁ, Colombia - Clever Leaves Holdings Inc. (Nasdaq: CLVR, CLVRW), a multinational operator and licensed producer of pharmaceutical-grade cannabinoids, is announcing the wind-down of all operations in Portugal as part of its ongoing restructuring initiatives. Under this restructuring plan, the Company expects its Portuguese flower cultivation, post-harvest processes, and manufacturing activities to cease in full ...
Wana Brands Partners with TerrAscend to Bring its Best-In-Class Edibles to New Jersey
NEW YORK and TORONTO - TerrAscend Corp.(CSE: TER) (OTCQX: TRSSF), a North American cannabis operator, today announced a multi-year agreement with Wana Brands, the edibles manufacturer in North America, to introduce Wana's products at The Apothecarium retail stores and additional third-party retailers in New Jersey. The agreement will also transfer to TerrAscend, the manufacturing and ...
Shiny Health & Wellness Welcomes Ontario Government’s Investment in Private Healthcare
TORONTO - Shiny Health & Wellness Corp. (TSXV: SNYB) welcomes the Ontario government's new plan, announced on January 16, 2023, revealing permanent legislative changes which allow private health clinics in the province to perform publicly-funded surgeries and health procedures to improve patient backlog and wait times. This decision follows other recent legislation, which came into ...
CanPay Now Accepted at More Than 1,000 Cannabis Merchant Locations
LITTLETON, Colo. - CanPay, the largest legitimate payment network for cannabis retailers and consumers, is now available at more than 1,000 participating merchant locations in 31 states across the U.S. CanPay's easy-to-use app allows consumers to pay for purchases at cannabis retailers with a simple debit from their checking account using the Automated Clearing House ...
CryoMass Signs $10.2 Million Multi-State License Agreement
DENVER - CryoMass Technologies Inc.(OTCQX: CRYM) is pleased to announce the signing of a multi-state license agreement with California-based RedTape Core Partners LLC following the successful market launch of the Company’s patented cryogenic Trichrome Separation system. On December 12th, 2022, CryoMass delivered the Company’s first Trichome Separation unit to RedTape’s Coastal Refinement Solutions cannabis extraction ...
MariMed Strengthens Sales, Marketing, and R&D Teams With Senior Executive Hires
NORWOOD, Mass. - MariMed, Inc. (CSE: MRMD), (OTCQX: MRMD), a multi-state cannabis operator, announced that two highly accomplished executives have joined the Company to help drive retail and wholesale revenues and product innovations that meet the needs of today’s cannabis consumer. Matt Truppo joins MariMed as Vice President of Retail Sales, and Jay O’Malley joins ...
Trym and Dutchie Partner to Provide Software Solution for Vertical Cannabis Businesses
NOVATO, Calif. - Cannabis cultivation software provider Trym announced today an integration with Dutchie, the technology platform powering cannabis commerce, to offer advanced functionality to vertically integrated businesses. Recent price compression across many major cannabis markets has led cannabis operators to focus on optimizing yields and reducing cultivation operational expenses. The Trym and Dutchie partnership ...
SNDL Completes Acquisition of The Valens Company
CALGARY, AB - SNDL Inc. (Nasdaq: SNDL) announces the completion of the previously disclosed acquisition of all of the issued and outstanding common shares of The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS), other than those held by SNDL and its subsidiaries, pursuant to a plan of arrangement under the Canada Business Corporations Act, for ...
Greenway Granted Processing License
KINGSVILLE - Greenway Greenhouse Cannabis Corporation (CSE: GWAY) (OTC: GWAYF), a cultivator of high-quality greenhouse cannabis for the Canadian market, is pleased to announce that it has received a standard processing licence from Health Canada. "This new license will complement Greenway's B2B business model by allowing the company to provide value-added processing services, as well ...
New Partnership Uses Blockchain to Advance Credibility and Quality in Legal Cannabis, CBD Industries
LAS VEGAS - Covalent CC LLC, a premium supplier of cannabinoids, is thrilled to announce it has entered a partnership with Qredible®, the cannabis industry’s first blockchain-backed digital registry and integrated network of validated and verified suppliers. For both companies, the partnership is a crucial step forward in achieving increased visibility in the legalized cannabis, ...
Legal Use of Medicinal Cannabis on the Rise in Australia
MELBOURNE, Australia - According to Levin Health, a sports science company focused on researching, developing and commercialising a range of medicinal cannabis products, such as CBD oil Australia-wide, although medical marijuana's Australia wide was made legal in 2016, the vast majority was obtained via illegal avenues at first. The CAMS-18 study of medical cannabis use ...
Verano Welcomes Connecticut Lieutenant Governor Susan Bysiewicz and Cannabis Customers at Zen Leaf Meriden
CHICAGO - Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF), a multi-state cannabis company, today celebrated the commencement of adult use cannabis sales in Connecticut at the Company’s Zen Leaf Meriden dispensary. The Company welcomed Lieutenant Governor Susan Bysiewicz, Department of Consumer Protection Commissioner Michelle H. Seagull, Social Equity Comissioner Paul Robertson, Meriden Mayor Kevin Scarpati, ...
Cannabis Company Tilray May Pivot to Fruit & Veg Cultivation
NEW YORK- After Canadian cannabis company Tilray Brands Inc. TLRY, +1.09% said it had lost money in the second quarter, its stock fell 3.7% in premarket trading on Monday. In contrast to a profit of $5.8 million, or breakeven per share, for same time last year, Tilray recorded a loss of $61.64 million, or 11 ...
Jushi Holdings Inc. Announces Leadership Appointments and Management Changes
BOCA RATON, Fla. - Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF), a multi-state cannabis operator, announced leadership appointments and management changes. These changes include the appointment of Michelle Mosier as the Company’s Chief Financial Officer effective January 16, 2023, and the resignation of Leonardo “Leo” Garcia-Berg from his position as Chief Operations Officer, effective January ...
The Parent Company Restructures Jay-Z and Other Partnerships
SAN JOSE- TPCO Holding Corp. (NEO: GRAM.U) (OTCQX: GRAMF), a leading consumer-focused California cannabis company, today announced that it has entered into modification agreements to restructure the relationship between Roc Nation LLC, SC Branding, LLC and The Parent Company. As part of the restructured arrangement, Shawn 'JAY-Z' Carter and affiliates and Roc Nation will return approximately 7.1 million ...
