Legal Affairs
Village Farms International Granted 180-Day Extension to Meet NASDAQ
LOS ANGELES- Village Farms International Inc.has received a 180-day extension from The Nasdaq Stock Market LLC to regain compliance with the exchange's minimum bid price requirement. This extension follows the expiration of the initial compliance ...
Bipartisan Legislation Proposes Framework for Federal Cannabis Legalization
LOS ANGELES- In a significant move towards federal cannabis reform, a bipartisan group of U.S. lawmakers has reintroduced the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment (PREPARE) Act. The legislation aims to establish ...
Greewave Advisors Analysis: Cannabis Companies & Cash Flow – Size Matters
Over the past 6 years (2019-2024), the Tier 1 Multistate Operators (MSOs) have generated $2.3B in Cash Flow from Operations (CFO); Assuming all unpaid 280E related tax liabilities are satisfied this amount is $1.3 Billion. ...
Compass Pathways Advances Psilocybin Research in the UK
LOS ANGELES- Compass Pathways, a biotechnology company specializing in mental health innovations, has commenced the UK segment of its global Phase 3 clinical trial evaluating COMP360 psilocybin therapy for treatment-resistant depression (TRD). This initiative follows ...
Hemp-Derived CBD Market Set to Expand Significantly by 2034
LOS ANGELES- The global hemp-derived cannabidiol (CBD) market is forecasted to grow from $8.28 billion in 2023 to $46.25 billion by 2034, with a compound annual growth rate (CAGR) of 16.93%, according to Research and ...
DEA Faces Allegations of Bias in Cannabis Rescheduling Process
LOS ANGELES- The Drug Enforcement Administration (DEA) is under scrutiny following allegations of bias in its handling of the cannabis rescheduling process. Pro-cannabis advocates assert that the agency has demonstrated an "unalterably closed mind" toward ...
Ohio’s Cannabis Market Expansion in 2024
LOS ANGELES- In 2024, Ohio's legal cannabis market achieved sales exceeding $675 million, marking a 40% increase from the previous year's $484 million. This growth is attributed to the commencement of adult-use cannabis sales in ...
Village Farms International Granted 180-Day Extension to Meet NASDAQ
LOS ANGELES- Village Farms International Inc.has received a 180-day extension from The Nasdaq Stock Market LLC to regain compliance with the exchange's minimum bid price requirement. This extension follows the expiration of the initial compliance ...
Bipartisan Legislation Proposes Framework for Federal Cannabis Legalization
LOS ANGELES- In a significant move towards federal cannabis reform, a bipartisan group of U.S. lawmakers has reintroduced the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment (PREPARE) Act. The legislation aims to establish ...
Greewave Advisors Analysis: Cannabis Companies & Cash Flow – Size Matters
Over the past 6 years (2019-2024), the Tier 1 Multistate Operators (MSOs) have generated $2.3B in Cash Flow from Operations (CFO); Assuming all unpaid 280E related tax liabilities are satisfied this amount is $1.3 Billion. ...
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 ...
Demeetra AgBio Advances Major Pipeline for Therapeutic Cannabinoid Development; Invites Collaborations
LEXINGTON, Ky.,–Demeetra AgBio, Inc., a pre-clinical therapeutics development and genetic engineering company, announced that it is advancing a broad pipeline for therapeutic cannabinoids and expects to file an Investigational New Drug Application for its lead ...
Creso Pharma and Red Light Holland Merge to Introduce The HighBrid Lab, a Leading Global Psychedelics x Cannabis Company
TORONTO–Creso Pharma Limited (ASX: CPH) (FSE: 1X8) (OTCQB: COPHF), a producer of cannabis products designed to better the lives of people and animals, and Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF), ...
Entheon Biomedical’s Subsidiary HaluGen and Silo Wellness Announce Psychedelics Genetic Test Kit Partnership
VANCOUVER, B.C.–Entheon Biomedical Corp. (CSE: ENBI) (OTCQB: ENTBF) (FSE: 1XU1), a biotechnology company focused on developing psychedelic medicines to treat addiction, and Silo Wellness Inc. (CSE: SILO) (OTC: SILFF) (FSE:3K70), a functional and psilocybin mushroom company ...
Alabama Could Add +$600,000,000 To Its GDP In First 3 Years Of Medical Cannabis Sales
DENVER–Business intelligence from Akerna (Nasdaq: KERN), an enterprise software, compliance technology provider, predicts that Alabama will make $600,146,880 in its first three years of medical retail cannabis sales. In May, Alabama became the 36th state to legalize medical cannabis, marking the second ...
