Legal Affairs
AYR Wellness Secures Temporary Waiver in Financing Deal
LOS ANGELES- AYR Wellness Inc. a vertically integrated U.S. multi-state cannabis operator, has entered into a Limited Waiver Agreement with holders of a majority of its senior secured notes . Under this agreement, noteholders temporarily agree ...
Minnesota Awards 249 Cannabis Business Licenses in State’s First Lottery
LOS ANGELES- Minnesota’s Office of Cannabis Management (OCM) held its inaugural lottery on June 5, 2025, awarding 249 provisional licenses for social equity and general applicants across four categories: cultivator, manufacturer, mezzobusiness, and retailer. The ...
Ukraine Advances Medical Cannabis Access with Support from Soros-Affiliated NGOs
LOS ANGELES- Ukraine’s State Service for Medicines and Drug Control issued its first license for importing medical cannabis on June 2, 2025, following the enactment of a law in August 2024 that authorized the use ...
Blueberries Medical Corp. Announces C$1 Million Non-Brokered Private Placement
LOS ANGELES- Blueberries Medical Corp., a Latin American licensed producer of medicinal cannabis and cannabis-derived products, has announced a non-brokered private placement to raise approximately C$1.05 million (approximately US$740,000). Offering Details Common Shares Issued: ...
TerrAscend Reports Fourth Quarter and Full Year 2024 Financial Results
LOS ANGELES- TerrAscend Corp., a cannabis company, has announced its financial results for the fourth quarter and full year ending December 31, 2024. Fourth Quarter 2024 Highlights Net Revenue: $74.4 million, a 0.3% increase from ...
San Diego Evaluates Cannabis Business Tax Increase
LOS ANGELES- The San Diego City Council is considering a proposal to raise the tax rate on cannabis businesses from 8% to 10%, aiming to address a projected $258 million budget deficit for the upcoming ...
MindMed Reports 2024 Financial Results and Advances in Clinical Trials
LOS ANGELES- of December 31, 2024, MindMed reported cash and cash equivalents totaling $273.7 million, up from $99.7 million at the end of 2023. This increase is attributed to equity financings totaling approximately $250 million ...
AYR Wellness Secures Temporary Waiver in Financing Deal
LOS ANGELES- AYR Wellness Inc. a vertically integrated U.S. multi-state cannabis operator, has entered into a Limited Waiver Agreement with holders of a majority of its senior secured notes . Under this agreement, noteholders temporarily agree ...
Minnesota Awards 249 Cannabis Business Licenses in State’s First Lottery
LOS ANGELES- Minnesota’s Office of Cannabis Management (OCM) held its inaugural lottery on June 5, 2025, awarding 249 provisional licenses for social equity and general applicants across four categories: cultivator, manufacturer, mezzobusiness, and retailer. The ...
Ukraine Advances Medical Cannabis Access with Support from Soros-Affiliated NGOs
LOS ANGELES- Ukraine’s State Service for Medicines and Drug Control issued its first license for importing medical cannabis on June 2, 2025, following the enactment of a law in August 2024 that authorized the use ...
GrowGeneration Relocates to New 25,000 Sq. Ft. Super Hydroponic Garden Center in Phoenix, Arizona
DENVER - GrowGeneration Corp. (NASDAQ: GRWG), the company specialty hydroponic and organic garden centers, today announced the relocation of its Phoenix, Arizona store. The new 25,000 sq. ft. Super Hydroponic Garden Center is in the ...
High Tide Announces At-The-Market Facility of up to CAD$40,000,000 for Strategic Initiatives
CALGARY, AB - High Tide Inc. (TSXV: HITI) (NASDAQ: HITI) (FSE: 2LYA), a retail-focused cannabis company with bricks and mortar as well as global e-commerce assets, announced it has established an at-the-market equity offering program ...
Analysis: Financing Adaptogenic Mushroom Companies: Seven Basic Regulatory Points to Understand
LOS ANGELES–Aside from a small number of companies the FDA has permitted to pursue the development of psilocybin therapies (e.g., Compass), the majority of psychedelic mushroom sales in the U.S. currently violate both state and ...
Mesohemp, a cosmetic containing hemp seed oil, launched in the US
SEOUL, South Korea - With hemp seed oil as the main ingredient, Koru Pharmaceuticals launched a new professional cosmetic line, Mesohemp. The firm's latest brand, Mesohemp, is a skincare range that contains a native Korean ...
Entheon Biomedical Provides Update on Clinical and Preclinical DMT Programs
VANCOUVER, B.C.– Entheon Biomedical Corp. (CSE: ENBI) (OTCQB: ENTBF) (FSE: 1XU1), a biotechnology company focused on developing psychedelic medicines to treat addiction, is pleased to provide an update on its upcoming human trial, EBRX-101 and ...
At 16.27% CAGR, Industrial Hemp Market Accounted for USD 3.91 Bn in 2020 says Brandessence Market Research
PUNE, India - According to Brandessence Market Research, the hemp industry projections are on a promising trajectory to grow at promising 16.27% CAGR during 2021-2027 period. The Industrial hemp market forecast estimated that industrial hemp ...
CBD Kratom Heads West in New York City
ST. LOUIS, - CBD Kratom will open its fifth New York City store, 2039-B Broadway in the Upper West Side with a soft store opening planned for today, December 3 followed by an official Grand ...
Humble & Fume Announces Sales and Distribution Partnership with PAX Labs, Inc. for PAX®-Branded Vape Devices in Canada
TORONTO - Humble & Fume Inc. (CSE: HMBL), a North American distributor of cannabis and cannabis accessories, announced that it has entered into a sales representation and distribution partnership with PAX Labs, Inc., a company ...
Dicalite Launches Two New Products Under the Harvest Hero Brand
WEST CONSHOHOCKEN, Pa. - Dicalite Management Group, LLC, introduced the second and third products from Harvest Hero, a brand of value-added soil amendments and growing media targeting the cannabis industry and overall horticultural market. Harvest ...
AMNESIA Media Launches Highlyte – AI-driven Software Platform
SAN FRANCISCO - Completing a successful $980,000 round of financing, AMNESIA Media announced the launch of its effortlessly compliant software client HIGHLYTE, the first platform to use artificial intelligence to ensure social media safety in ...
PHBI – Pharmagreen Announces Revenue Plan For Proprietary Cannabis Tissue Culture Technology
CARSON CITY, Nev. - Pharmagreen Biotech, Inc., (OTC Pink: PHBI), released a management update from CEO Peter Wojcik. The update is the first in a series of narratives breaking out the company's strategy as it ...
NEKTR Set to Become the First Pro-Medical Cannabis NFT Gaming Platform
RICHLAND, Wash. - At a time when most countries still maintain a tough legal regime prohibiting the use and supply of cannabis, NEKTR token is joining forces with other pro-cannabis communities to spread awareness about ...
Cannabis Legalization Associated with Improved Clearance Rates for Violent Crimes
SALT LAKE CITY – (NORML)– The legalization of cananbis is associated with improvements in police clearance rates for multiple types of violent crimes, according to data published online ahead of print in The International Journal of Drug ...
C3 Industries Completes Deal with Kiva to Produce Kiva Brand Products For Missouri
LOS ANGELES- C3 Industries , a multi-state, vertically integrated cannabis company with headquarters in Ann Arbor, MI, has announced the launch of its new 15,000 square foot manufacturing facility in St. Louis, Missouri, which is expected to ...
US Government Provides Financial Grants For Research Into Psilocybin
WASHINGTON, D.C.– The US federal government has granted researchers studying the therapeutic potential of psychedelic medicine for the first time in 50 years. Indeed, the NIH was a major funder of the early research that ...
Report: Black Friday Cannabis Spending increased 20%, while Overall Retail decreased 28.3%
DENVER - Business intelligence from Akerna (Nasdaq: KERN), an enterprise software company and the developer of comprehensive technology infrastructure, ecosystem, and compliance engine for the global cannabis industry, shows that Green Wednesday (11/24) and Black ...
United States’s First Commercial Testing Cannabis Lab, Steep Hill, Announces Expansion into Illinois
BERKELEY, Calif. - Steep Hill, the United States' commercial cannabis testing lab, expands with a new licensee partner into the state of Illinois. In 2019, Illinois became the 11th state to legalize an adult use ...
Chemistree to Invest up to $200,000 in Pure-Play Renewable Energy
VANCOUVER, BC - Chemistree Technology Inc. (CSE: CHM) (CSE: CHM.wt) (US OTCQB: CHMJF), announced that the Company has entered into a Subscription Agreement with Philippine Metals Inc. to invest up to $200,000 in Subscription Receipts. ...
Plant-based Hemp + Oat Gelato Debuts Coast to Coast
CLEVELAND - After launching into much-loved Cleveland grocer Heinen's in 2019, Wonderlab's Doozy Pots has announced a major expansion. Their dairy-free oat and hemp gelatos are now available for the first time nationwide in 371 ...
Global CBD Market Retail Sales Jump Along With Rising Consumer Acceptance
PALM BEACH, Fla. - Due to its healing properties, the demand for cannabidiol (CBD) for health and wellness purposes is high, which is the major factor driving the market growth. In addition, the rising acceptance ...
Advanced Container Technologies Now Offers Products at The Supply Joint in Los Angeles
CORONA, Calif. - Advanced Container Technologies, Inc (Ticker: ACTX), announced that a selection of its products are now available at The Supply Joint in Los Angeles. The Supply Joint will sell a variety of Advanced ...
Supervised Drug Injection Sites to Open in NYC in Hopes of Preventing Overdoses
NEW YORK– Mayor Bill de Blasio announced Tuesday that overdose prevention center (OPC) services, aimed at reducing overdose deaths will open in New York City. OPCs are secure facilities where people who use drugs can ...
Cybin Announces FDA Approvals for Clinical Trial to Treat Frontline COVID-Related Distress
TORONTO–Cybin Inc. (NEO:CYBN) (NYSE:CYBN), a biopharmaceutical company focused on progressing “Psychedelics to Therapeutics”, today announced that the U.S. Food and Drug Administration has authorized an investigator-initiated randomized, placebo-controlled Phase 2 clinical trial evaluating psychedelic-assisted psychotherapy ...
Red White & Bloom Provides Q3 2021 Financial Results: Revenue Increased $6 Million Over Q3 2020
TORONTO– Red White & Bloom Brands Inc. (CSE: RWB and OTCQX: RWBYF), a multi-state cannabis operator and house of premium brands, announces 2021 third quarter financial results highlighted by a 93% increase in third quarter year ...
Dalwhinnie Farms Names New Chief Executive Officer
Ridgway, CO–Dalwhinnie Enterprises, LLC, the Ridgway, Colorado based cannabis purveyor, names Brandon Barksdale as Chief Executive Officer. The Dalwhinnie family of companies includes the Dalwhinnie Farms vertically integrated luxury cannabis brand, Shift Cannabis, Ridgway Hemp Company, ...
