Legal Affairs
Atai Gains Nasdaq Biotechnology Index Spot
NEW YORK – AtaiBeckley N.V., the clinical-stage biopharmaceutical firm born from the November merger of atai Life Sciences and Beckley Psytech, has secured a place in the Nasdaq Biotechnology Index (NBI), a move that underscores ...
Vireo Growth Acquires Eaze, Expands into California and Florida
MINNEAPOLIS – Vireo Growth Inc. announced a definitive agreement to acquire Eaze Inc. in a stock-based transaction valued at $47 million upfront, marking the company's first push into the competitive California and Florida markets. The ...
Massachusetts Cannabis Rollback Gains Legislative Traction
BOSTON – State election officials have validated more than 78,000 signatures for a measure that would dismantle the commercial side of Massachusetts' recreational Cannabis industry, thrusting the issue back into legislative hands just as the ...
Colorado Wholesale Cannabis Prices Hit Record Low
DENVER – Wholesale prices for Cannabis flower in Colorado have sunk to $649 per pound, matching the state's lowest level on record, even as the number of licensed growers has shrunk by a quarter over ...
Washington State Regulators Plan to Label Cannabis with Harvest & Processing Dates
OLYMPIA – State regulators in Washington are advancing a proposal to reinstate harvest and processing dates on labels for recreational Cannabis products, a requirement that could equip buyers with clearer indicators of freshness amid concerns ...
FinCEN Reveals Steady Banking Access for Cannabis Businesses Despite Persistent Federal Barriers
WASHINGTON – A recent report from the Financial Crimes Enforcement Network shows that 816 banks and 182 credit unions filed suspicious activity reports (SARs) related to Cannabis businesses through the end of 2024, signaling stable ...
Texas Regulators Set Age Limit on Hemp-Derived THC Sales
AUSTIN – The Texas Alcoholic Beverage Commission (TABC) voted unanimously on Tuesday to bar liquor-license holders from selling hemp-derived THC products to customers under 21, marking the state's initial response to Governor Greg Abbott's call ...
Atai Gains Nasdaq Biotechnology Index Spot
NEW YORK – AtaiBeckley N.V., the clinical-stage biopharmaceutical firm born from the November merger of atai Life Sciences and Beckley Psytech, has secured a place in the Nasdaq Biotechnology Index (NBI), a move that underscores ...
Vireo Growth Acquires Eaze, Expands into California and Florida
MINNEAPOLIS – Vireo Growth Inc. announced a definitive agreement to acquire Eaze Inc. in a stock-based transaction valued at $47 million upfront, marking the company's first push into the competitive California and Florida markets. The ...
Massachusetts Cannabis Rollback Gains Legislative Traction
BOSTON – State election officials have validated more than 78,000 signatures for a measure that would dismantle the commercial side of Massachusetts' recreational Cannabis industry, thrusting the issue back into legislative hands just as the ...
Neptune Provides Sprout Organics Distribution Update
LAVAL, QC and MONTVALE, N.J. - Today Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on plant-based, sustainable and purpose-driven lifestyle brands, is providing a ...
Global Cannabis Extract Market to Surpass US$ 32,597.2 Million by 2030
Seattle - According to Coherent Market Insights, the global cannabis extract market is estimated to be valued at US$ 9,125.8 million in 2022 and expected to exhibit a CAGR of 17.3 % over the forecast ...
The Valens Company Announces Nomination of Independent Director to Board of Directors
KELOWNA, BC - The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS), a leading manufacturer of branded cannabis products, today announced that Ms. Aïda Moudachirou-Rébois, Senior Vice President and Global Chief Marketing Officer at MAC Cosmetics, ...
Tilray Medical Launches Cannabis Education Platform ‘WeCare-MedicalCannabis’ Across Europe
NEUMÜNSTER, Germany - 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 Seeds Market To Observe Highest CAGR Growth of 18.70 by 2029
NEW YORK - Data Bridge Market research has recently released expansive research titled "Global Cannabis Seeds Market" guarantees you will remain better informed than your competition. This study provides the broader perspective of the market ...
Canopy Growth Announces Closing of Previously Announced Exchange Transaction
SMITHS FALLS, ON - Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced that it has closed its previously announced exchange transaction of certain 4.25% unsecured notes due 2023 in order to reduce its debt obligations ...
MariMed Announces Kitchen Expansion in Maryland
NORWOOD, Mass. - MariMed, Inc. (CSE: MRMD), (OTCQX: MRMD), a multi-state cannabis operator focused on improving lives every day, today announced its wholly owned subsidiary, Kind Therapeutics USA, has received approval from the Maryland Medical ...
Clever Leaves Announces First Export to Israeli Partner InterCure
BOCA RATON, Fla. - Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW), a multinational operator and licensed producer of pharmaceutical-grade cannabinoids, announced today the first commercial export to Israel of high THC Flower for medical use ...
Small Cannabis Farmers Join Forces to Create a Crypto-Exclusive Cannabis Community
MENDOCINO, Calif. - A group of California cannabis farmers, led by legacy farmer and entrepreneur Justin Calvino, are coming together to build Emerald Road, a crypto-exclusive digital cannabis community. The advanced e-commerce platform will connect ...
Tilray Brands’ CANACA Joins this Year’s Calgary Stampede and Releases ‘Wild West’ Product Lineup
TORONTO - Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, today announced the ‘Wild West’ ...
Harborside Inc. Changes Name to StateHouse Holdings Inc.
OAKLAND, CALIF., AND TORONTO - Harborside Inc. (CSE: HBOR), (OTCQX: HBORF ), announced that it will complete the previously announced name change to StateHouse Holdings Inc. on July 25, 2022. The Company previously filed articles ...
Analysis: Flower Continues to Dominate US, Canadian Cannabis Markets
SANTA MONICA, CALIFORNIA-According to data from the International Journal of Drug Policy, cannabis users in the United States and Canada prefer marijuana flower to other product formulations. Researchers from the University of Waterloo in Ontario, ...
Vicente Sederberg Receives Top Ranking from Chambers and Partners for Fourth Straight Year
LOS ANGELES–Vicente Sederberg LLP was once again recognized by Chambers and Partners as a top cannabis law practice in the U.S., and five of the firm's partners were individually ranked among the nation's top cannabis attorneys. ...
Avant Brands Reports Financial Revenues for H1 2022
Kelowna, BC – July 13, 2022 – Avant Brands Inc. (TSX: AVNT), a producer of premium handcrafted cannabis products, announced its financial results for the quarter ended May 31, 2022. “Q2 2022 continued Avant’s strong ...
The Valens Company Reports Second Quarter Fiscal 2022 Financial Results
KELOWNA, BC, July 13, 2022 /CNW/ - The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS), a manufacturer of cannabis products, is pleased to report its second quarter fiscal year 2022 financial results for the period ...
Neptune Announces Amendment and Expansion of Sprout Secured Promissory Notes Led by Morgan Stanley
LAVAL, QC - Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT), a health and wellness company focused on plant-based, sustainable and purpose-driven lifestyle brands, announced today that Sprout Foods Inc., the Company's organic plant-based baby ...
Tilray Brands Announces Closing of Transaction with HEXO
LEAMINGTON, Ontario - Tilray Brands, Inc. (Nasdaq | 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 the Company ...
How A Cannabis Company Was Affected By The Full Scale War in Ukraine
DNIPRO, Ukraine – Everyone was surprised when the war in Ukraine started. In the weeks before February 24th, many people thought Putin was simply playing hard-ball and his massive military build-ups and war maneuvers were ...
Cannabis Dispensaries to Host Crypto ATMs Nationwide
MIAMI - BankLine's unique Crypto ATM banking services, in partnership with cannabis-friendly financial institutions, provide nationwide armored cash logistic services to Crypto ATM operators within licensed cannabis dispensaries - facilitating exciting new business opportunities. The ...
Jushi Holdings Inc. Announces Management Change
BOCA RATON, Fla.- Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF), an integrated, multi-state cannabis operator, announced that Ed Kremer has resigned from his position as Chief Financial Officer to accept a role at a competing ...
Charlotte’s Web Enters Employee Health Benefits Channel in Partnership with SBM, LLC.
DENVER - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc., is the first company to achieve formulary approval and inclusion of its products in SBM LLC's exclusive employee benefits program. Through this employer-sponsored benefit plan, ...
Curaleaf’s Select Brand Announces Launch of “The Farmer’s Select” Program
WAKEFIELD, Mass. - Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF), international provider of consumer cannabis products, today announced that its Select brand has launched "The Farmer's Select" program, an ongoing series of limited-edition collaborations ...
Clever Leaves Strengthens German Presence Through Expanded Cantourage Partnership
BOCA RATON - Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW), a multinational operator and licensed producer of pharmaceutical-grade cannabinoids, announced today the continued expansion of the Company’s partnership with European medical cannabis leader Cantourage GmbH ...
Neptune Reports Fiscal Fourth Quarter and Full Year 2022 Financial Results
LAVAL, QC - Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT), announced its financial and operating results for the three-month and twelve-month periods ending March 31, 2022. Statement from Neptune Management and Board of Directors: ...
Akerna Flash Report: Fourth of July Weekend Cannabis Sales Total $255.5 Million
DENVER - Business intelligence from Akerna (Nasdaq: KERN), an enterprise software company and the developer of one of the most comprehensive technology infrastructures, ecosystems, and compliance engines powering the global cannabis industry, today announced that ...
