Business
Skye Bioscience Completes Drug Production for Phase 1 Clinical Study
SAN DIEGO-- Skye Bioscience, Inc. (OTCQB: SKYE), a pharmaceutical company developing a proprietary, synthetic cannabinoid derivative to treat glaucoma, has been advised by its contract manufacturer that it has completed the production of SBI-100 Ophthalmic Emulsion for Skye’s Phase 1 clinical trial. The final drug product will be released and available for clinical use in ...
MJ Unpacked Releases Full Speaker Lineup for Las Vegas Show
LAS VEGAS - MJ Unpacked, the first national event created exclusively for cannabis CPG brands, retail executives and accredited investors actively investing in cannabis, announced the speaker lineup and event programming for Sept. 28-30 at the MGM Grand in Las Vegas. MJUnpacked exhibition floor: Over the course of three days, guests will have the opportunity ...
Curaleaf Completes Majority Stake Acquisition of Germany’s Four 20 Pharma
WAKEFIELD, Mass., Sept. 19, 2022 Curaleaf Holdings, Inc. a provider of consumer products in cannabis, today announced the completion of its agreement to acquire a 55% stake in Four 20 Pharma GmbH, a fully EU-GMP & GDP licensed German producer and distributor of medical cannabis. Boris Jordan, Executive Chairman of Curaleaf, stated, "We are pleased ...
Managing The Cyclical Nature of The Cannabis Industry for Investors
NEW YORK–Despite the current downturn in cannabis in 2022, the cannabis industry has been flourishing over the last few years. A measure of this is the number of cannabis businesses starting-up has been growing 30% annually from 2016 through to 2021. Wages, employment and many company revenues have been growing exponentially. But it hasn't been ...
Has Mike Tyson’s Cannabis Gummy Brand Been Knocked Out in Canada?
TORONTO–Mike Tyson's cannabis edibles brand Mike Bites, will reportedly not be sold in Quebec or Alberta by Canadian Cannabis LP, Hexo. According to reporting by the journalist Matt Lamers, in MJBiz Daily, two Canadian regional governments have apparently cited federal regulations prohibiting celebrities from promoting cannabis in deciding whether to permit Hexo Corp. to provide ...
Cannabis Consumer Spending Tightens, Highlighting Importance of Brand Strength
DENVER - Akerna (Nasdaq: KERN), an enterprise software company and the developer of one of the most comprehensive technology infrastructures, ecosystems, and compliance engine powering the global cannabis industry, notes that consumer cannabis spending over Labor Day weekend was roughly flat over the same time period last year, with this year showing a total of ...
MariMed’s Brands and Products to Enter Missouri Market
NORWOOD, Mass. - MariMed, Inc (CSE: MRMD), (OTCQX: MRMD), , a multi-state cannabis operator focused on improving lives every day, today announced an agreement that will bring the Company’s award-winning portfolio of cannabis-infused edibles to Missouri. As part of the agreement, MariMed will develop and manage a state-of-the-art production kitchen. MariMed anticipates completion of the ...
Ayr Wellness’ Partner Wins Provisional Cultivation License in Connecticut
MIAMI and HARTFORD, Conn. - Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF, a U.S. multi-state cannabis operator, announced that Connecticut Cultivation Solutions, an entity co-owned by Tiana Hercules Esq., a Hartford City Councilwoman, and Ayr, has been awarded a provisional Disproportionately Impacted Area cultivator license in Connecticut. Ayr has partnered with Attorney Hercules to bring ...
Ascend Wellness CEO Abner Kurtin Arrested & Charged With Battery in Florida
MIAMI- Abner Kurtin, the CEO of Ascend Wellness (CSE: AAWH), was arrested in Miami-Dade County. He was then charged with violence and freed yesterday after posting a $1,500 bond. A "stay away order" was issued, although conditional victim contact prior to trial was permitted. The corporation had to respond to this development yesterday night in ...
MJUnpacked Announces Las Vegas Show This Month & Partnership with Clio Cannabis Awards
NEW YORK, May 25, 2022 – MJ Unpacked, the first cannabis CPG trade event designed to both drive commerce and integrate access to capital, has announced its return to Las Vegas on September 28-30, 2022 at the MGM Grand. Additionally, MJ Unpacked Las Vegas is partnering with Clio to host the Clio Cannabis Awards show on September 29. On the heels of its ...
SEC, OCS and DOJ Investigate Dan Bilzerian’s Ignite Cannabis Company
TORONTO-Dan Bilzerian is under investigation by investigators from the US and Canadian governments. With more than 30 million followers on Instagram alone, Dan is regarded as the ''King of Instagram,'' but with the latest news, he may never become the ''King of Cannabis.'' Dan launched Ignite Ltd in a blaze of "bling" and bikini-clad-models (with ...
Tilray Initiates Roundtable With German Regulators to Kick-Off Draft Legislation to Legalize Adult-Use Cannabis in Germany
BERLIN - Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), global cannabis and consumer packaged goods company, today announced that the Company has initiated a policy roundtable with German regulators on adult-use cannabis legalization in Germany. In this meeting, the German Drug Commissioner, Burkhard Blienert, presented the plan for adult-use cannabis legalization and repeated the German ...
StateHouse Holdings Inc. Reports Second Quarter 2022 Financial Results
SAN DIEGO and TORONTO - StateHouse Holdings Inc.(CSE: STHZ) (OTCQX: STHZF), a California-focused, cannabis enterprise, announced its financial results for the three and six months ended June 30, 2022, and provided additional business updates. The unaudited condensed interim consolidated financial statements for Q2 2022 and corresponding management's discussion and analysis are available for download from ...
Fire & Flower US Holdings Inc. Closes $5,000,000 Convertible Debenture Financing
TORONTO - Fire & Flower US Holdings Inc. (formerly American Acres Managers), announced that it has completed a non-brokered private placement of unsecured convertible debentures in the principal amount of approximately $5,000,000 to the existing shareholders of the Company. The net proceeds from the Offering will be used for acquisition capital, capital expenditures, and general ...
Aurora Cannabis Acquires Controlling Interest in Bevo Farms
EDMONTON, AB - Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, is pleased to announce today that a wholly-owned subsidiary of the Company has acquired a controlling interest in Bevo Agtech Inc., the sole parent of Bevo Farms Ltd., one of the largest suppliers of propagated vegetables ...
Glass House Brands Forms Genetics and Nursery Partnership with Seed Junky
LONG BEACH, Calif. and TORONTO, Aug. 24, 2022 /PRNewswire/ - Glass House Brands, Inc. (NEO: GLAS.A.U) (NEO: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF), one of the fastest-growing, vertically integrated cannabis companies in the U.S., today announced its partnership with Seed Junky Genetics. Seed Junky is one of the premier breeders both in California and globally, has created many of the most well-known strains in cannabis ...
Tilray Medical Receives Verification From the Natural Health Science Foundation in Australia and New Zealand
SYDNEY, Australia - Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), a global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, today announced that its medical cannabis division, Tilray Medical, has received approval and verification from The Natural Health Science Foundation of its flagship product, Tilray ...
RIV Capital Signs Lease for Flagship Cannabis Cultivation and Manufacturing Facility in Buffalo, New York
TORONTO - RIV Capital Inc. (CSE: RIV) (OTC: CNPOF), a cannabis packaged goods company with a focus on establishing one of the strongest portfolios of brands in key strategic U.S. markets, acting through its wholly-owned indirect subsidiary, RIV Capital US Real Estate LLC, and Etain, LLC announced that RIV Capital has entered into a lease ...
Tilray Medical Bolsters Market Leading Position in Europe With Market Authorization in Poland
LEAMINGTON, Ontario and CANTANHEDE, Portugal - Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), a global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, today announced that its medical cannabis division, Tilray Medical, has received approval to commercialize its Tilray branded medical cannabis products in Poland ...
MariMed’s Nature’s Heritage Brand Sponsors Cultivators Cup
NORWOOD, Mass. - MariMed, Inc. (CSE: MRMD), (OTCQX: MRMD), a multi-state cannabis operator, announced its Nature’s Heritage brand of craft flower and concentrates is a Presenting Sponsor of Cultivators Cup, the leading cannabis industry festival and awards competition in Massachusetts. A celebration of cannabis culture and the best cannabis products produced in the state, Cultivators ...
Ayr Wellness Receives Key Massachusetts Regulatory Approval for Adult-Use Sales in Somerville
MIAMI - Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), a multi-state cannabis operator, announced that the Massachusetts Cannabis Control Commission (“CCC” or the “Commission”) has granted a final license for adult-use cannabis at its Sira Naturals dispensary in Somerville. The Company also received approval to open the first phase of its cultivation expansion in Milford, ...
Jamie Pearson to Step Down as Bhang President/CEO and Director
LAS VEGAS- Bhang Inc. (CSE:BHNG) (OTCQB:BHNGF) ("Bhang" or the "Company") has announced the resignation of President, CEO, and Board Member, Jamie L. Pearson, who has been with the Company since 2015 and has served as President/CEO of the award-winning brand since 2019. Under Ms. Pearson's leadership, Bhang transformed from a California favorite into a global cannabis ...
Curaleaf Announces Majority Stake and Forms Strategic Partnership with Germany’s Four 20 Pharma
WAKEFIELD, Mass.- Curaleaf Holdings, Inc. announced that Curaleaf International Holdings Limited, the company's European holding company, has signed a definitive agreement to acquire a 55% stake in Four 20 Pharma GmbH, a EU-GMP & GDP licensed German producer and distributor of medical cannabis with its own product line. The unique partnership creates a strategic pathway ...
Charlotte’s Web Engages Hanson Faso Sales and Marketing, Inc. for the Central United States
DENVER - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc., is expanding in the central United States in partnership with Hanson Faso Sales and Marketing Inc., brokers in the sales and marketing of specialty, natural, confection and perishable foods. Hanson Faso accesses thousands of retail customer locations across specialty, grocery, natural, mass merchants, drug accounts, ...
Jushi Holdings Inc. Settles Lawsuit with Large Multi-State Operator
BOCA RATON, Fla., - Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF), a multi-state cannabis operator, announced that it entered into a confidential settlement agreement with Curaleaf Holdings, Inc. and with Jushi’s former Chief Financial Officer, Edward Kremer, to resolve claims Jushi asserted in a lawsuit filed on July 15, 2022, including a claim asserted against ...