Business

VANCOUVER, BC–Trait Biosciences Inc.-- a cannabinoid research company focused on developing technologies that enable the production of safe, high-quality, predictable, and efficacious CBD products -- today announced the completion of a C$31 million Series A financing round. The Financing features a combination of new cash and the conversion of existing company debt. The Financing was led ...

AUSTIN–goodblend™ Texas, a retail brand of Parallel, one of the nation's largest privately-held multi-state cannabis operators, today announced the launch of the first cannabinol (CBN) products for patients registered in the Texas Compassionate Use Program. The Surterra Wellness Dream +CBN branded tincture introduction marks the fifth first-to-market product innovation the company has launched in the Lone Star State in the last ...

MIAMI–CBD brand House of Wise launches with a full line of luxury, full-spectrum, organic CBD products empowering women to give more intention and purpose to sleep, stress management and sex so they can be in the driver's seat of their lives. In celebration of the official launch, the brand will host a "U Up?" texting hotline ...

VANCOUVER, B.C. – Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF), an extraction company that owns one of the largest portfolios of U.S. patents for the extraction and distillation of cannabinoids, is pleased to announce the launch of a Specialty Molecules Division to focus on the development and commercialization of novel psychoactive compounds. The division is supported ...

HERZLIYA, Israel–Innocan Pharma Corporation (CSE: INNO) (FSE: IP4) (OTCQB: INNPF) announce it has filed an international patent application for a novel cannabis-based Vaginal Moisturizer and Lubricant Treatment. The composition comprises cannabinoids and additional agents of a phytoestrogen and hyaluronic acid and may be applied to alleviate vaginal dryness and vaginal atrophy. Vaginal moisturizers and lubricants are ...

DENVER–Created nearly one year ago by Travis "TJ" Owens, SmokeSesh.Life is finalizing plans to officially come to market as the first cannabis-focused social media site of its kind. With hundreds of users already signed up, and more than $12,000 contributed via Kickstarter and private funding, the collaborative network is off to a running start. As ...

SAN DIEGO–Creo, an ingredient technology company with a proprietary platform for producing natural cannabinoids without the cannabis plant, today announced collaborations with both Fifth & Root and Joiya to introduce new CBG skincare products using Creo CBG. The company has also unveiled its first annual Creovate event, which will bring together experts to discuss promising cannabinoid ingredients like cannabigerol (CBG) and the ...

TALLAHASSEE– Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading cannabis company in the United States, today announced the closing of the acquisition of Solevo Wellness West Virginia LLC and its three West Virginia dispensary permits. Total transaction was for $650,000. Solevo was awarded two permits in Morgantown and one in Parkersburg in January 2021 as part of the West Virginia application process. These ...

LOS ANGELES– Nabis, California's largest licensed cannabis distributor, announced today the opening of their new Southern California fulfillment center and new partnerships with a number of market leading brands. The 20,000 square-foot facility in Los Angeles allows Nabis to store three times the amount of product as its previous facility location. The highly secure, climate-controlled distribution hub can facilitate up to ...

KELOWNA–Fiore Cannabis Ltd. (CSE: FIOR) (OTCQX: FIORF), a licensed multi-state cannabis cultivator, producer and retailer, today announced it has signed a Letter of Intent to purchase California Patients Club, a cannabis delivery company operating in the state of California, for US$1.2 million payable in a stock and cash transaction. The delivery business will further integrate ...

KELOWNA, B.C.– Klonetics Plant Science Inc announced they received its Health Canada Nursery Cultivation licence to produce cannabis starting materials available for sale to the cannabis industry in Canada. Its impressive 25,000 Square Foot state of the art facility in Kelowna will produce Ready to Flower plants at an industrial scale, providing 2.8 million ready ...

SANTA BARBARA– HERBL, California's largest cannabis supply chain solutions company, today announced its acquisition of Blackbird a cannabis distributor and direct-to-consumer software solutions company based in Nevada. The transaction allows HERBL to leverage Blackbird's ecosystem of national retail and logistics insights to enter the Nevada market and create the most comprehensive supply chain platform in the industry. ...

SAN JOSE–TPCO Holding Co. (NEO: GRAM.U) (OTCQX: GRAMF), California’s leading vertically integrated cannabis company, is pleased to announce that it has selected Josephine & Billie’s, a Los Angeles-based cannabis brand and retail concept, as the Company’s first social equity corporate venture fund investment. Founded and led by Black women, Josephine & Billie’s was developed to ...

CAPE TOWN–Goodleaf Company, the leading cannabis brand in South Africa, has merged with Highlands Investments, formerly Canopy Growth Africa, in a deal valued at almost $50 million. The transaction has resulted in the largest vertically integrated cannabis operation in Africa, with an investment in excess of $25 million to date. "We are delighted to conclude ...

SASKATOON–Small- and medium-sized enterprises contribute to the growth of Western Canada's economy. The Government of Canada is supporting high-growth businesses as they increase productivity, find new markets, and create opportunities for Saskatchewan. Today, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages, and Minister responsible for Western Economic Diversification Canada, announced $11,513,951 for 11 projects under ...

LAS VEGAS– The Nevada legislature passed a bill on Monday allowing cannabis lounges. One kind of licence allows an existing dispensary to add a space for a lounge. Strangely, only one lounge is allowed no matter how many locations a dispensary has in Nevada. The other model permits independent businesses to build a consumption lounge ...

SEATTLE– Amazon released a statement confirming that it will no longer test job seekers for cannabis. Furthermore, the company said that they back cannabis legalization. "In the past, like many employers, we've disqualified people from working at Amazon if they tested positive for marijuana use," the company said in a blog post on Tuesday. "However, ...

EDMONTON, AB–Nova Cannabis Inc. (TSXV: NOVC), today announced several business developments intended to accelerate the Company's growth, including: Entering into two conditional asset purchase agreements to acquire a total of six retail cannabis locations in Ontario, which will be operated under the "Value Buds" banner; Acquiring the Queen Street West "Nova Cannabis" store and converting it to ...

BOULDER–(TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc., a marketer of hemp CBD wellness products announced the collaboration of its CW Labs division on a preclinical sleep and anxiety study with the University of Colorado-Boulder's REACH (Research and Education Addressing Cannabis and Health) Center. The scientific investigation uses the Company's full spectrum hemp formulations with ...

LOS ANGELES–Elegance Brands, Inc, a beverage company with a focus on innovation, announced today the launch of its own self-distribution company – aptly named "Elegance Distribution Company" – to distribute Elegance Brands products throughout Los Angeles and San Bernardino county. The Elegance Distribution Company will serve over 1,400 retailers throughout Los Angeles and San Bernardino. Long time sales ...

SAN FRANCISCO–Simpson Foundation, Inc, which operates, and partners with university research centers across the United States, is pleased to announce their lab tested, A-grade formula of Rick Simpson Oil (RSO). Famously favored California Rick Simpson Oil cannabis consumers, the company expands its reach with newly leased farmland throughout the Midwest. The latest research looks at ...

DENVER–GrowGeneration Corp. (NASDAQ: GRWG), a chain of specialty hydroponic and organic garden centers, today announced the launch of GrowGeneration.com. The company's newly redesigned e-commerce platform now includes the option to Buy Online Pickup in Store. The BOPIS service will be available at select GrowGen locations. GrowGeneration.com is a one-stop e-commerce destination for commercial and craft growers, ...

BOULDER–Front Range Biosciences, a cannabis and hemp genetics platform company, announced today plans to begin a partnership with Colorado's leading medical and adult use cannabis operator, Native Roots Cannabis Co. Under the agreement, Native Roots will establish a new tissue culture program at their flagship Denver facility leveraging FRB's proprietary Clean Stock® platform. Since 2010, ...