Legal Affairs
Cresco Labs Reports: Financial Results for Q4 and Full Year ending December 31, 2024
LOS ANGELES- Cresco Labs Inc., a cannabis company, has announced its financial results for the fourth quarter and full year ending December 31, 2024. The company reported an operating cash flow of $132 million for ...
Vermont Senators Propose Expansion of Psychedelic Therapy Advisory Group
LOS ANGELES- A group of Vermont state senators has introduced Senate Bill 106 (S.106), aiming to extend and expand the scope of the existing Psychedelic Therapy Advisory Working Group. The bill proposes to continue the ...
Idaho Lawmakers Push to Restrict Citizen-Led Ballot Initiatives on Cannabis and Drug Reform
BOISE - Idaho lawmakers have taken a significant step toward restricting citizen-led ballot initiatives related to cannabis and other drug reforms. The Idaho Senate recently passed a House-approved bill that would put a constitutional amendment ...
Week In Review: Washington State Senate Committee Advances Cannabis Direct Sales Bill; New Hampshire House Approves Limited Cannabis Legalization Bill; Jushi Holdings Secures $9.7 Million Through ERC Refund and Debt Financing
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week In Review: TILT Holdings Divests Massachusetts Dispensaries for $2 Million; California Cannabis Industry Faces Potential Crisis Amid Proposed Tax Increase; New Mexico House Bill 331 Proposes Mandatory Labor Peace Agreements for Cannabis Businesses
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week In Review: New York’s Cannabis Regulatory Body Introduces Banking Directory; Arkansas Senate Advances Bill to Fund Free School Breakfasts Using Medical Cannabis Revenue; Tennessee Lawmakers Introduce Bills to Legalize Recreational and Medical Cannabis
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Week In Review: Hawaii Lawmakers Renew Push to Legalize Adult-Use Cannabis with Constitutional Amendment Proposal; PharmaCann Defaults on Innovative Industrial Properties Leases; Florida’s Cannabis Market Sees Shift as Smaller Operators Capture Market Share
LOS ANGELES — Welcome to the far too-exciting world of cannabis and psychedelics, where it’s a tale of two markets with some states doing amazingly well. And some, well...they're not doing so well (hello New ...
Cresco Labs Reports: Financial Results for Q4 and Full Year ending December 31, 2024
LOS ANGELES- Cresco Labs Inc., a cannabis company, has announced its financial results for the fourth quarter and full year ending December 31, 2024. The company reported an operating cash flow of $132 million for ...
Vermont Senators Propose Expansion of Psychedelic Therapy Advisory Group
LOS ANGELES- A group of Vermont state senators has introduced Senate Bill 106 (S.106), aiming to extend and expand the scope of the existing Psychedelic Therapy Advisory Working Group. The bill proposes to continue the ...
Idaho Lawmakers Push to Restrict Citizen-Led Ballot Initiatives on Cannabis and Drug Reform
BOISE - Idaho lawmakers have taken a significant step toward restricting citizen-led ballot initiatives related to cannabis and other drug reforms. The Idaho Senate recently passed a House-approved bill that would put a constitutional amendment ...
PharmaCann Completes $85 Million Senior Secured Note Offering
CHICAGO,– PharmaCann Inc., one of the largest vertically integrated cannabis companies in the United States, today announced that it has completed a private offering of 12% Senior Secured Notes due June 30, 2025. The net ...
Hollister Biosciences Inc. Announces Launch of Pre-Roll Production and Distribution in Arizona
VANCOUVER, BC–Hollister Biosciences Inc. (CSE: HOLL) (OTC: HSTRF) (FRANKFURT: HOB) a diversified cannabis branding company is pleased to announce that it has commenced pre-roll production and distribution in Arizona to complement the Company's existing cannabis concentrate product suite in ...
Kiaro Holdings Corp Announce Q.1 Financial Results Ending April 2021
VANCOUVER, BC,–Kiaro Holdings Corp. (TSXV: KO) announced its first-quarter financial results for the three months ended April 30, 2021, and 2020. All amounts, unless specified otherwise, are expressed in Canadian dollars. "With the majority of our ...
High Tide Continues to Expand U.S. E-Commerce Presence Through Acquisition of Daily High Club
CALGARY, AB,–High Tide Inc. (TSXV: HITI) (Nasdaq: HITI) (FRA: 2LYA), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, is pleased to announce that it is taking another step towards solidifying ...
The Parent Company Expands California Retail Footprint
SAN JOSE, Calif.,–The Parent Company or TPCO Holding Corp. (NEO: GRAM.U) (OTCQX: GRAMF), today announced that it has signed a definitive agreement to acquire 100% of the equity of Calma West Hollywood, an operating dispensary ...
ManifestSeven Announces Strategic Review of Operations
RVINE, Calif.,– Manifest 7 Holdings Corporation (CSE: MSVN; OTCMKTS: MNFSF), an omnichannel platform for legal cannabis, announced that it has initiated a strategic review process to explore, review and evaluate a broad range of potential ...
Former Grassroots Cannabis Co-Founder Rejoins Cannabis Industry As CEO of Big Plan Holdings
CHICAGO–Joshua Joseph, one of the former Co-Founders of Grassroots Cannabis - which sold to Curaleaf for $850 million in July 2020 - has officially returned to the cannabis industry. Joseph, along with a partner, recently entered the Maine cannabis market with ...
Tikun Olam-Cannbit Takes Another Step Into The Pharmaceutical Arena
TEL AVIV–Tikun Olam Cannbit (TASE: TKUN) reports acquisition of 20% of the leading Femtech company Gynica, developer of cannabinoid-based solutions for women's health. Tikun Olam-Cannbit today reported an estimated NIS 5 million agreement for investment in 20% of the ...
Curaleaf Expands Presence in New Jersey with New Dispensary and Cultivation Facility
WAKEFIELD, Mass.,– Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF), a leading international provider of consumer products in cannabis, today announced the opening of Curaleaf Edgewater Park, the Company's second dispensary in New Jersey and 107th ...
Humble & Fume Appoints Chief Executive Officer Joel Toguri From Supreme Cannabis
TORONTO–Humble & Fume Inc. (CSE: HMBL), an integrated cannabis and distribution platform in North American, announced today the appointment of Joel Toguri as Chief Executive Officer, effective July 5, 2021. "Armed with significant leadership experience ...
GoldCann Announces Acquisition of Land in Mexico for Cannabis Extraction and Production Facility
TORONTO–Goldcann International Inc., a Canadian corporation headquartered in Toronto, Ontario, is announcing the acquisition by its Mexican subsidiary, Goldcann S.A. de C.V., of 14,000 square meters of land near Mazatlan, on the Pacific coast of ...
Rhode Island Senate Approves Legalizing Cannabis For Adults
PROVIDENCE–The Rhode Island Senate approved legalizing recreational cannabis use for adults on Tuesday. This is the first time either chamber of the state Legislature has voted on a bill to legalize cannabis. (Providence, Rhode ...
Charlotte’s Web Appoints Former Canopy Growth Executive, Tim Saunders, to Board of Directors
DENVER–Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF), a market leader in hemp CBD extract products, announced the appointment of Tim Saunders to its Board of Directors. Tim Saunders was Chief Financial Officer of Canopy Growth ...
Cannabis Website Leafly To Raise $30 Million In Fresh Funding
LOS ANGELES–Cannabis marketplace Leafly is raising $30 million in a fresh funding round, it said in a filing on Wednesday, as the world’s biggest cannabis-related website taps strong investor appetite for companies in the burgeoning ...
Yooma to Cease Operations in China Due to New CBD Regulations
TORONTO–Yooma Wellness Inc. (CSE: YOOM), a Toronto-based vertically integrated global wellness platform that develops and markets a portfolio of wellness brands, today announced that it will be discontinuing its operations in China, effective immediately. The decision comes ...
New Female-founded Wellness Brand, House Of Wise, Raises $2M
MIAMI–Today, new female-founded CBD brand House of Wise announces a $2M seed funding round to improve the lives of women everywhere through community, content, and trustworthy CBD products. Building a brand in the face of adversity, House of ...
CannaCraft Launches Gem + Jane in California
SANTA ROSA, Calif.,–CannaCraft, a large-scale cannabis manufacturer and innovator in beverage and cannabis emulsion technology, has launched its new brand Gem + Jane: the women-focused sparkling botanical beverage that blends simple ingredients with microdoses of rare ...
Little Green Pharma Accelerate Growth With Acquisition of World-Class Production & Manufacturing Facility in Denmark
PERTH, Australia–Little Green Pharma Ltd (ASX: LGP) has acquired a world-class, fully-operational, GMP medicinal cannabis cultivation and manufacturing facility in Denmark from Canopy Growth Corporation (TSX:WEED, NASDAQ: CGC). The facility, located in Northern Odense, has the capacity to produce in excess ...
A LIFE IN A DAY: Jeffrey Welsh: Cannabis Industry Personalities
JEFFREY WELSH is a partner at Vicente Sederberg LLP, the main attorney group in cannabis. For over 10 years, Vicente Sederberg LLP have been at the cutting edge of cannabis laws. Vicente Sederberg are also ...
Connecticut to Legalize Regulate And Tax Cannabis For Adult Use
HARTFORD, Conn. — State lawmakers passed a bill Thursday to legalize, regulate, and tax cannabis for adult use. Gov. Ned Lamont (Democrat) said he will sign S.B. 1201 into law, making Connecticut the 19th state ...
Plant&Co Announces Uplisting to OTCQB Market
TORONTO–Plant&Co. Brands Ltd. (CSE: VEGN) (FSE: VGP) (OTCQB: VGANF), a health and wellness company curating plant-based foods, announced that its common shares will commence trading on the OTC Markets Group's OTCQB Venture Market in the ...
Cannabis Agricultural Workers at Tikun Olam CA Vote to Join Teamsters
ADELANTO, Calif.,– On Monday, cannabis agricultural workers at Tikun Olam California's Adelanto facility voted overwhelmingly to join Teamsters Local 1932. The results mark the first Agricultural Labor Relations Board election victory for cannabis workers in ...
Berlin’s Cantourage Provides Fast Track Access To European Medical Cannabis Market For International Cultivators
BERLIN–European medical cannabis company Cantourage today launched its new and innovative platform, enabling cultivators from across the world to bring their product into the growing and profitable European market more quickly and cheaply. Already a ...
Wake Network Retains CRO Santé Cannabis to Conduct Clinical Trials in Psilocybin Therapies
TORONTO–Wake Network Inc., a global leader in psilocybin and medicinal mushroom production and developer of genomics-based integration therapies, is pleased to announce that it has entered into an agreement with Santé Cannabis for consultation and clinical ...
