Legal Affairs
Thailand Moves to Restrict Cannabis Use to Medical Purposes Within 40 Days
LOS ANGELES- Thailand's Public Health Minister, Somsak Thepsutin, has announced plans to implement regulations within 40 days that will restrict cannabis use to medical purposes only. Under the forthcoming rules, both Thai nationals and foreigners ...
The Cannabist Company Receives Court Approval for Corporate Restructuring Plan
LOS ANGELES- The Cannabist Company Holdings Inc. a U.S.-based cannabis cultivator, manufacturer, and retailer, has obtained final approval from the Ontario Superior Court of Justice (Commercial List) for its previously announced Plan of Arrangement under ...
Canada’s Legal Cannabis Market Forecasted to Reach $5.79 Billion by 2030
LOS ANGELES- Canada's legal cannabis industry is projected to expand significantly over the next five years, with market size estimates reaching USD 5.79 billion by 2030, up from USD 3.25 billion in 2024. This growth ...
Canopy Growth Initiates $200 Million At-The-Market Equity Program
LOS ANGELES- Canopy Growth Corporation has established a new at-the-market (ATM) equity program, enabling the company to issue and sell up to $200 million in common shares across U.S. and Canadian markets. The company intends ...
GTI Q4 2024: Strong Leadership, But Can It Sustain Momentum?
NEW YORK–Green Thumb Industries (GTI) has once again demonstrated why it remains a leader in the U.S. cannabis industry. With a steady growth trajectory and disciplined financial management, the company continues to post strong results ...
Analysis: Movers and Shakers: Cannabis Quarterly Earnings
NEW YORK - Cannabis companies are reporting earnings from Q4 2024 and full year results. Here are just some of the results from the companies we are covering at HCN, in both cannabis and psychedelics: ...
Verano Holdings Reports 2024 Financial Results and Outlines 2025
LOS ANGELES- Verano Holdings Corp., a multi-state cannabis operator, has released its financial results for the fourth quarter and full year ending December 31, 2024, highlighting a decrease in revenue and an increase in net ...
Thailand Moves to Restrict Cannabis Use to Medical Purposes Within 40 Days
LOS ANGELES- Thailand's Public Health Minister, Somsak Thepsutin, has announced plans to implement regulations within 40 days that will restrict cannabis use to medical purposes only. Under the forthcoming rules, both Thai nationals and foreigners ...
The Cannabist Company Receives Court Approval for Corporate Restructuring Plan
LOS ANGELES- The Cannabist Company Holdings Inc. a U.S.-based cannabis cultivator, manufacturer, and retailer, has obtained final approval from the Ontario Superior Court of Justice (Commercial List) for its previously announced Plan of Arrangement under ...
Canada’s Legal Cannabis Market Forecasted to Reach $5.79 Billion by 2030
LOS ANGELES- Canada's legal cannabis industry is projected to expand significantly over the next five years, with market size estimates reaching USD 5.79 billion by 2030, up from USD 3.25 billion in 2024. This growth ...
Saucey Farms & Extracts Partners With Higher Life CBD to Launch THC Products in the Metaverse
LOS ANGELES - This week, luxury cannabis brand Saucey Farms & Extracts and Higher Life CBD Dispensary have launched the first THC products available for purchase in the metaverse. The product offering expansion falls on ...
Global Legal Marijuana Market Size Projected to Rack Up USD 70.7 Billion By 2028
NEW YORK - Zion Market Research study, Legal Marijuana industry accrued revenue of about US$ 10.1 billion in 2020 and is anticipated to garner earnings of approximately US$ 70.7 billion by 2028. Moreover, Legal Marijuana ...
Analysis: New California Bill Seeking Cannabis Tax Breaks Opposed by Youth Groups Who Fear Losing Funding
SACREMENTO- While California Senator Mike McGuire introduced a tax relief bill on Tuesday aimed at helping the cannabis industry survive a potential market collapse, youth and social justice organizations across the state responded with a ...
Pocket-sized, Cannabis Beverage Drink Loud Launches in CA
LOS ANGELES - Cannabis beverage Drink Loud launches its tiny-but-mighty cannabis potion into dispensaries throughout California. Made with 100 milligrams of THC packed into a 1.8 ounce bottle using proprietary nanotechnology, Drink Loud is both ...
South America’s Cannabis Extraction Equipment to be installed outside Bogota, Colombia
BOGOTA, Colombia - CannabCo Pharmaceutical Corp. Colombia S.A.S. (CannabCo Colombia), a Colombia-based cannabis cultivator and manufacturer of medical cannabis products, is pleased to announce the procurement of an enhanced integrated extraction platform to be deployed ...
New York Bill Will Authorize Hemp Farmers and Processors to Cultivate and Process Cannabis
NEW YORK–On February 11, 2022, the New York Senate and Assembly put forth mirror image bills (A9283/S8084A) supporting legislation for conditional adult-use cultivator and processor licenses. This legislation is heading to Governor Hochul's desk for signature ...
Canadian Cannabis Entrepreneur Raises $1,500,000 for Ukraine With Saint Javelin
CHRISTIAN BORYS is a former journalist who spent half a decade in Ukraine before founding the creative agency Black Hawk. He is the creator a Saint Javelin, a viral fundraising initiative for victims of ...
Cannabis Products Global Market Report 2021
Dublin - Major players in the cannabis products market are Canopy Growth Corporation, Aphria Inc., Aurora Cannabis, Cara Therapeutics and GW Pharmaceuticals PLC. The global cannabis products market is expected to grow from $16.51 billion ...
Icanic Brands Announces Issuance of Cease Trade Order
VANCOUVER, British Columbia - Icanic Brands Company Inc. (TSXV: ICAN) is announcing today that it has been issued a Cease Trade Order by the British Columbia Securities Commission under National Policy 11-207. On November 30, ...
17 Organizations Issue Joint Open Letter to State Agriculture Leaders
CHAMPAIGN, Ill. - On February 9, 2022, 17 industry and regulatory organizations issued a joint open letter to state agriculture leadership, calling on them to support greater education and scientific research to ensure the safety ...
Schwazze Closes $6.7 Million Acquisition of Colorado Cultivation Grower Brow 2, LLC
DENVER - Schwazze, (OTCQX: SHWZ), announced that it has closed the transaction to acquire the assets of Brow 2, LLC, located in Denver, Colorado. The planned transaction includes a 37,000 square foot building and equipment ...
Cansativa Group Closes $15M Series B to Become the ‘Amazon’ of Cannabis for Europe
FRANKFURT, Germany - Cansativa Group today it has closed a $15M Series B investment. The funding round was led by Casa Verde with participation by Argonautic Ventures and Munich-based family office Alluti. This represents Casa ...
Cannabis Study Reveals Optimal Canopy Density for Highest Yield
PORTLAND, Ore. - Phylos® alongside its research and cultivation partner, Progressive Plant Research (PPR) have announced the results of their day-neutral cannabis density trial. The purpose of this study was to establish the effect of ...
Psyched Wellness Announces Key Findings from the 90-Day Oral Toxicity Study
TORONTO - Psyched Wellness Ltd. (CSE: PSYC) (OTCQB: PSYCF) (FSE: 5U9) a life sciences company focused on the production and distribution of artisanal functional and psychedelic mushrooms, is pleased to announce the key results from the ...
Item 9 Labs Corp. Announces First Quarter FY 2022 Financial Results
PHOENIX-- Item 9 Labs Corp. (OTCQX: INLB)—a vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products—today reported operating and financial results for the three months ended December 31, 2021, the Company's first ...
Enveric Biosciences Announces Closing of $10 Million Public Offering
NAPLES, Fla. - Enveric Biosciences (NASDAQ: ENVB), a neuroscience company developing next-generation, psychedelic-inspired mental health and oncology treatments, today announced the closing of its previously announced underwritten public offering of 20,000,000 shares of its common ...
Microdose Psychedelic Insights Announces the Launch Of Microdose X – A Network of Locally Organized In-person Events
TORONTO - Microdose Psychedelic Insights, the leading guide to the business of psychedelics, is proud to announce the launch of Microdose X with the purpose of shifting the world's perception of psychedelic medicine, one city ...
Enveric Biosciences Announces Closing of $10 Million Public Offering
NAPLES, Fla.-- Enveric Biosciences (NASDAQ: ENVB), a neuroscience company developing next-generation, psychedelic-inspired mental health and oncology treatments, today announced the closing of its previously announced underwritten public offering of 20,000,000 shares of its common stock ...
Treez Continues Aggressive Growth Track with Announcement of Robust 2021 Results
SAN FRANCISCO -- Treez (www.treez.io), a private company and leading enterprise cloud commerce platform that streamlines retail and supply chain operations in the cannabis market, today announced highlights of its 2021 results, reflecting aggressive revenue ...
Ayr Wellness Closes Acquisition of Levia Cannabis Infused Seltzer
MIAMI - Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), a U.S. multi-state cannabis operator, announced that it has closed the acquisition of Cultivauna, LLC, the owner of Levia branded cannabis infused seltzers and water-soluble tinctures. ...
Aleafia Health Reports Q4 2021 Financial Results with $11.5 Million Revenue
TORONTO - Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) report its financial results for the three and 12 months ended December 31, 2021. The Company’s 2021 unaudited, consolidated financial statements and management discussion and analysis ...
Cann, Raises $27M Series a to Fuel International Expansion
LOS ANGELES - Cann, cannabis-infused beverage company, announced a $27M Series A funding round coming from fresh institutional capital, existing investors like Imaginary Ventures doubling down, and a roster of new celebrity investors including Nina ...
Charlotte’s Web Exploring New CBD Beverage
DENVER - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc., is exploring the entry into the CBD wellness beverage market with new CBD social elixirs currently under development with an expected launch date later in ...
YourWay Announces Multi-Year Exclusive Licensing Agreement With Airo
VANCOUVER, BC - YourWay Cannabis Brands Inc. (CSE:YOUR) (OTC:YOURF) (FSE:HOB), a multi-state and consumer-centric House of Brands committed to redefining the way consumers and cannabis brands interact, announced it has entered into an exclusive multi-year ...
Harborside Inc. Announces Increased Interest in Haight-Ashbury Dispensary
OAKLAND, Calif. and TORONTO - Harborside Inc. (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically-integrated cannabis enterprise, today announces the acquisition of a further 29.9% interest in FGW Haight, Inc., a company that has the conditional ...
