Legal Affairs
Colorado Court Dismisses Mammoth Farms’ Lawsuit Against Marijuana Enforcement Division
LOS ANGELES- A Denver District Court has dismissed a lawsuit filed by Mammoth Farms against the Colorado Marijuana Enforcement Division (MED), ruling that the cannabis cultivator must pursue regulatory changes through administrative channels rather than ...
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 ...
Senator Lankford Introduces Bill to Prevent Tax Deductions for Cannabis Businesses
LOS ANGELES- Senator James Lankford (R-OK) introduced the "No Deductions for Marijuana Businesses Act," aiming to prevent cannabis businesses from deducting business expenses on their federal taxes, even if cannabis is rescheduled under federal law. ...
What You Need to Know: Mergers, Acquisitions, and Consolidation
LOS ANGELES—Every CFO needs to know that navigating mergers, acquisitions, and consolidation in cannabis and psychedelics industries requires a deep understanding of business valuation complexities and strategic deal-making. Effective M&A strategies are crucial to driving ...
Atai Life Sciences Reports Positive Results from BPL-003 Phase 2a Study
LOS ANGELES- Atai Life Sciences has announced favorable outcomes from a Phase 2a open-label study evaluating BPL-003, an intranasal formulation of 5-MeO-DMT benzoate, in patients with moderate to severe alcohol use disorder (AUD). The study ...
TILT Holdings Divests Massachusetts Dispensaries for $2 Million
LOS ANGELES- TILT Holdings Inc., a cannabis business solutions provider, has entered into an agreement to divest two of its Massachusetts dispensaries to In Good Health, a private single-state cannabis operator, for $2 million in ...
Colorado Court Dismisses Mammoth Farms’ Lawsuit Against Marijuana Enforcement Division
LOS ANGELES- A Denver District Court has dismissed a lawsuit filed by Mammoth Farms against the Colorado Marijuana Enforcement Division (MED), ruling that the cannabis cultivator must pursue regulatory changes through administrative channels rather than ...
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 ...
Radiant Canna Raises $6M, Targets Multi-State Expansion
SANTA ROSA, Calif.-- Radiant Canna, a provider of cannabis manufacturing, distribution and tech solutions to independent brands, announced today that it closed a $6M Seed Round investment. CEO and Co-Founder Aaron Selverston said in making ...
Ayr Wellness Enters the Cannabis-Infused Beverage Market with Proposed Acquisition of Levia
NEW YORK -- Ayr Wellness Inc. (CSE: AYR.A, OTC: AYRWF), a vertically integrated cannabis multi-state operator, has announced that it has entered into a binding letter of intent to acquire Cultivauna, LLC, the owner of ...
MariMed Reports Second Quarter 2021 Earnings
NORWOOD, Mass.-- MariMed, Inc. (OTCQX: MRMD), a leading multi-state cannabis operator focused on health and wellness, today announced its financial and operating results for the quarter ended June 30, 2021. Q2 2021 Financial Highlights Reported ...
Tikun olam-Cannbit continues to expand its footprint in the pharmaceutical arena
TEL AVIV, Israel -- Tikun-Olam Cannbit (TASE:TKUN) reported the first and exclusive partnership of its kind with Wavelength, an Israeli company that develops, manufactures, and exports active pharmaceutical ingredients (APIs) for the pharmaceutical industry, to over 280 pharmaceutical companies ...
RIV Capital Reports First Quarter Fiscal Year 2022 Financial Results
TORONTO, "Throughout the first quarter, we remained focused on identifying and evaluating opportunities in the US cannabis market," said Narbé Alexandrian, President and CEO, RIV Capital. "Last week's announcement of a US$150 million investment ...
Decibel Announces Second Quarter Results
CALGARY, AB - Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF), a premium cannabis producer, announces its second quarter financial results for the three month period ending June 30, 2021. The Company ...
Study Explores How Psilocybin Works in The Brain to Dissolve Ego
LOS ANGELES–The psychedelic experience is not for everyone. Tripping with magic mushrooms or LSD is often describe as a dissolution of the self, otherwise known as ego-death, ego-loss, or ego-disintegration. The experience is life-changing for some ...
Groundbreaking Research Shows Fibromyalgia Patients Using CBD to Reduce Chronic Pain
LOS ANGLES-A growing body of research suggests that Cannabidiol (CBD) may help people with fibromyalgia. Fibromyalgia is a condition characterized by chronic pain. Studies suggest that CBD may help relieve pain and inflammation, so researchers are ...
A New Kind of Psychedelic Research: Psilocybin and Traumatic Brain Injury
LAS VEGAS–Heroic Hearts Project’s USA and UK branches have invited Imperial College to attend upcoming psychedelic healing retreats to conduct an observational study about the effects of psilocybin on veterans with a history of traumatic ...
Emack & Bolio’s & MariMed Create Cannabis-Infused Ice Cream
NORWOOD, Mass.,– MariMed, Inc. (OTCQX: MRMD), a leading multi-state cannabis operator focused on health and wellness, today announced a joint collaboration with the legendary Boston ice cream brand Emack & Bolio’s®. MariMed and the ice ...
The Parent Company Extends Retail Footprint Into the Central Valley with DELI by Caliva
SAN JOSE, Calif.,–TPCO Holding Corp. (NEO: GRAM.U) (OTCQX: GRAMF), a vertically-integrated cannabis company, announced the opening of its latest DELI by Caliva location in Hanford today. The new store will service the Central Valley in ...
High Tide Closes Acquisition of Leading Online Retailer DankStop
CALGARY, AB,–High Tide Inc. (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a retail-focused cannabis corporation involved in the manufacturing and distribution of consumption accessories, announce the Company has completed the acquisition of DS Distribution Inc., operating as ...
Goodness Growth Holdings Appoints Josh Rosen to Board of Directors
MINNEAPOLIS–Goodness Growth Holdings, Inc. (CSE: GDNS; OTCQX: GDNSF), a physician-led, science-focused cannabis company and IP incubator, today announced that its Board of Directors has appointed Josh Rosen (main picture) to its Board of Directors, bringing ...
Goodness Growth Holdings Announces Second Quarter 2021 Financial Results
MINNEAPOLIS–Goodness Growth Holdings, Inc. (CSE: GDNS; OTCQX: GDNSF), a physician-led, science-focused cannabis company and IP incubator, today reported financial results for its second quarter ended June 30, 2021. "Our second quarter performance was in line ...
Neptune Reports First Quarter Results
LAVAL, QC, 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, today announced its financial and operating results for the ...
GrowGeneration Reports Record Second Quarter 2021 Financial Results
DENVER, GrowGeneration Corp. (NASDAQ: GRWG), the chain of specialty hydroponic and organic garden centers with 58 locations across 12 states, today reported record second quarter 2021 revenues of $125.9 million, versus $43.5 million in the ...
Charlotte’s Web Holdings, Inc. Reports Q2-2021 Results
DENVER, (TSX: CWEB) (OTCQX: CWBHF), Charlotte's Web Holdings, Inc. the market share leader in full spectrum hemp extract wellness products, today reported financial results for the second quarter ended June 30, 2021. All amounts are ...
The Green Organic Dutchman Reports Second Quarter 2021 Results
TORONTO - The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODF), a producer of certified organically grown cannabis, reports its unaudited interim financial results for the quarter ended June 30, 2021. These filings are ...
Canbud To Enter U.S. Analytical Testing Services Market Via LOI To Acquire Steep Hill Labs
TORONTO–Canbud Distribution Corp. (CSE: CBDX) (FSE: CD0) announced that, on August 7, 2021, it entered into a non-binding Letter of Intent with Steep Hill Inc. in respect of a proposed transaction, whereby the Corporation would ...
New Urbn Leaf Dispensary CEO Ed Schmults Bolsters Leadership Team
SAN DIEGO– Urbn Leaf, a cannabis retailer led by CEO Ed Schmults (main picture), announced a bolstered leadership team ''accelerating the underlying business, sharpening consumer experiences, and positioning the company for future growth.'' Schmults, a ...
The Valens Company & Verse Launch New Vape Carts and Infused Beverages
KELOWNA, BC–The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF), a manufacturer of cannabis products, today announced the launch of three new products in partnership with Verse Cannabis, including two new vape cartridges and the brand's ...
Sundial Reports Second Quarter 2021 Financial and Operational Results
CALGARY, AB–Sundial Growers Inc. (NASDAQ: SNDL) reported its financial and operational results for the second quarter ended June 30, 2021. All financial information in this press release is reported in millions of Canadian dollars and ...
Psychedelics As Medicine: Right To Try Case Versus DEA
DENVER– In what could be a groundbreaking case for psychedelic medicine, Vicente Sederberg's, Shane Pennington, is working as part of a wider team on an exciting and very important United States Court of Appeals for ...
Chill Pill Nominated as Best Edible in Arizona
PHOENIX–Desert Medical Campus in Payson, Arizona, is proud to announce that its Chill Pill brand of cannabis gel caps has been nominated as one of the best edibles in Arizona. The brand was selected by Phoenix New Times, and voting is now ...
Nova Announces Second Quarter 2021 Results
EDMONTON, AB–Nova Cannabis Inc. (TSX: NOVC) today released its unaudited condensed interim consolidated financial statements and management's discussion and analysis for the three and six months ended June 30, 2021. "During the second quarter we ...
