Legal Affairs
Kansas Governor Renews Call for Medical Cannabis Legalization
LOS ANGELES- Governor Laura Kelly has reiterated her support for legalizing medical cannabis in Kansas, urging lawmakers to advance legislation that would establish a regulated program for patients with qualifying medical conditions. Despite previous efforts, ...
Consolidation, Capital, and the Climb: Tracking U.S. Cannabis M&A and Investment Trends
NEW YORK –The U.S. cannabis industry has experienced major shifts in merger and acquisition (M&A) activity over the past year, reflecting broader trends of consolidation and strategic realignment. According to Viridian Capital Advisors, the Cultivation ...
When Hype Fails: Are Cannabis Giants Like Canopy and Tilray Just Ponzi Schemes in Disguise?
TORONTO-There’s an old saying in finance: “If you don’t understand where the returns are coming from, you might be the return.” While actual Ponzi schemes are illegal frauds—where old investors are paid with new investors’ ...
What You Need to Know Inventory Management and Cost Accounting
LOS ANGELES- Every entrepreneur, CEO and CFO needs to know that effective inventory management and accurate cost accounting are critical to success in the cannabis and psychedelic industries. As businesses navigate a landscape marked by ...
What You Need to Know Banking and Financing Challenges
LOS ANGELES- Every entrepreneur CEO or CFO needs to know that navigating the banking and financing landscape in the cannabis industry presents unique challenges. Despite the rapid growth of the cannabis market in the United States, ...
What Entrepreneurs Need to Know Regulatory Compliance Costs
LOS ANGELES- Every entrepreneur, CFO and CEO needs to know that navigating regulatory compliance in the cannabis industry is not just a legal obligation, but also a significant financial undertaking. As the cannabis market continues ...
Texas Agriculture Commissioner Advocates for Hemp Restrictions and Medical Cannabis Expansion
LOS ANGELES- Texas Agriculture Commissioner Sid Miller has expressed support for restricting the sale of unregulated hemp-derived THC products while advocating for the expansion of the state's medical cannabis program. In a recent opinion piece, ...
Kansas Governor Renews Call for Medical Cannabis Legalization
LOS ANGELES- Governor Laura Kelly has reiterated her support for legalizing medical cannabis in Kansas, urging lawmakers to advance legislation that would establish a regulated program for patients with qualifying medical conditions. Despite previous efforts, ...
Consolidation, Capital, and the Climb: Tracking U.S. Cannabis M&A and Investment Trends
NEW YORK –The U.S. cannabis industry has experienced major shifts in merger and acquisition (M&A) activity over the past year, reflecting broader trends of consolidation and strategic realignment. According to Viridian Capital Advisors, the Cultivation ...
When Hype Fails: Are Cannabis Giants Like Canopy and Tilray Just Ponzi Schemes in Disguise?
TORONTO-There’s an old saying in finance: “If you don’t understand where the returns are coming from, you might be the return.” While actual Ponzi schemes are illegal frauds—where old investors are paid with new investors’ ...
Cirona Labs Raises $1.5M In Seed Round
GENEVA, N.Y.– Cirona Labs a premier innovator in cannabinoids and other functional botanical ingredient manufacturing, announced it has closed an oversubscribed $1.5 million seed round led by LiDestri Food & Drink, BevSource, and Sweetener Supply. ...
Klonetics Plant Science Inc. Receives Nursery Cultivation License from Health Canada
KELOWNA, B.C.– Klonetics Plant Science Inc announced they received its Health Canada Nursery Cultivation licence to produce cannabis starting materials available for sale to the cannabis industry in Canada. Its impressive 25,000 Square Foot state ...
Curaleaf’s Select Brand And Rolling Stone Announce Strategic Partnership
NEW YORK–(CSE: CURA) (OTCQX: CURLF), a leading international provider of consumer products in cannabis, announced a strategic partnership between its Select brand and Rolling Stone. Together, the leading lifestyle brand in cannabis joins the most ...
HERBL Acquires Blackbird Creating New Multi-State Distributor
SANTA BARBARA– HERBL, California's largest cannabis supply chain solutions company, today announced its acquisition of Blackbird a cannabis distributor and direct-to-consumer software solutions company based in Nevada. The transaction allows HERBL to leverage Blackbird's ecosystem of ...
Connecticut Moves Closer To Legalizing Recreational Cannabis
HARTFORD, CT.– Connecticut has moved closer to legalising adult-use cannabis in a close run vote. This morning, the bill passed Connecticut's state Senate, with one Republican and six Democrats voting against it. If the bill passes, ...
CENTR Brands Corp. Hires Carlyle Group Executive David Young as CFO
VANCOUVER, B.C.– CENTR Brands Corp. (CSE: CNTR) (FSE: 303) (OTCQB: CNTRF), a CBD beverage company today announced that current Board member David Young has joined the Company as Chief Financial Officer. Young brings more than ...
Pharmadrug Launches Psilocybin Online Retail Platform in the Netherlands
Toronto, Ontario–PharmaDrug Inc. (CSE: BUZZ) (OTC Pink: LMLLF) a specialty pharmaceutical company focused on the research, development and commercialization of controlled-substances and natural medicines such as psychedelics, cannabis and naturally-derived approved drugs, is pleased to ...
California Inches Closer To Decriminalization of Psychedelic Medicines
SACRAMENTO–California has moved a step closer to decriminalizing psychedelic drugs after legislation this week was advanced by the state's Senate. The bill, SB 519 was passed by a 21-16 vote. Interestingly, the new legislation does ...
The Parent Company Announces Josephine & Billie’s As First Social Equity Investment
SAN JOSE–TPCO Holding Co. (NEO: GRAM.U) (OTCQX: GRAMF), California’s leading vertically integrated cannabis company, is pleased to announce that it has selected Josephine & Billie’s, a Los Angeles-based cannabis brand and retail concept, as the ...
VIVO Cannabis Launches CBD Cream WithTerpene Formulation Designed for Medical Use
TORONTO–VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF), a provider of cannabis products and services and holder of licenses under the Cannabis Act through its wholly-owned subsidiaries, Canna Farms Limited and ABcann Medicinals Inc., today announced the launch ...
Goodleaf Merges With Highlands Investments, Formerly Canopy Growth Africa
CAPE TOWN–Goodleaf Company, the leading cannabis brand in South Africa, has merged with Highlands Investments, formerly Canopy Growth Africa, in a deal valued at almost $50 million. The transaction has resulted in the largest vertically ...
RIV Capital Reports Fourth Quarter and Fiscal Year 2021 Financial Results
TORONTO–RIV Capital Inc. (TSX: RIV) (OTC: CNPOF) today released its financial results for the fourth quarter and fiscal year ended March 31, 2021. "Our quarter and fiscal year were highlighted by the closing of our ...
Neptune Announces Appointment of Steve West as Vice President, Investor Relations
LAVAL, QC–Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT), a diversified and integrated health and wellness company focused on plant-based, sustainable, and purpose-driven lifestyle brands, today announced it has appointed Steve West as Vice President, ...
Canadian Federal Funding Provides Boost To Saskatchewan Companies
SASKATOON–Small- and medium-sized enterprises contribute to the growth of Western Canada's economy. The Government of Canada is supporting high-growth businesses as they increase productivity, find new markets, and create opportunities for Saskatchewan. Today, the Honourable ...
Delivery Service Market is One of the Hottest Revenue Streams In Cannabis Industry
PALM BEACH–Over the past few years the legalization of cannabis has spurred the industry's growth in both medicinal and recreational markets and the growth appears that it will continue to substantially rise in the years ...
The Valens Company Enters Flower, Pre-Roll Categories
KELOWNA, BC–The Valens Company (TSX: VLNS) (OTCQX: VLNCF), a manufacturer of cannabis products, today announced that it has launched several new products in partnership with Verse Cannabis in the flower, pre-roll, concentrates, and edibles categories. With ...
Nevada Approves Cannabis Consumption Lounges Starting by the End of 2021
LAS VEGAS– The Nevada legislature passed a bill on Monday allowing cannabis lounges. One kind of licence allows an existing dispensary to add a space for a lounge. Strangely, only one lounge is allowed no ...
Amazon Will Stop Testing For Cannabis & Throws Weight Behind Cannabis Legalization
SEATTLE– Amazon released a statement confirming that it will no longer test job seekers for cannabis. Furthermore, the company said that they back cannabis legalization. "In the past, like many employers, we've disqualified people from ...
U.S. National Institutes Of Health Leader Stands Behind Psychedelic Medicines and Cannabis Therapies
WASHINGTON, D.C.–The National Institutes of Health (NIH), is the leading health organization in the U.S.A., Dr. Francis Collins, (who Dr. Anthony Fauci works for) praised the potential of psychedelic research during a U.S. Senate budget ...
High Tide Begins Trading on Nasdaq Today Under Symbol “HITI”
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 the Company's common shares will commence trading ...
Fiore Cannabis Announces First Quarter 2021 Financial Results
KELOWNA–Fiore Cannabis Ltd. (CSE: FIOR) (OTCQX: FIORF), a licensed multi-state cannabis cultivator, producer and retailer, today announced its first quarter 2021 financial results support the turnaround efforts made by the Company and its push forward ...
Harborside Announces Acquisition of Salinas Production Campus
OAKLAND–Harborside Inc. (CSE: HBOR),(OTCQX: HBORF) a California-focused, vertically integrated cannabis enterprise, today provided an update on its previously announced plan to purchase the Company's 47-acre production campus, which includes 200,000 sq. ft. of licensed cultivation ...
Nova Provides Business and Plans Updates
EDMONTON, AB–Nova Cannabis Inc. (TSXV: NOVC), today announced several business developments intended to accelerate the Company's growth, including: Entering into two conditional asset purchase agreements to acquire a total of six retail cannabis locations in Ontario, which ...
Global Cannabidiol (CBD) Market Size Expected to Reach $55 Billion In 2028
PALM BEACH– Out of all cannabinoids, cannabidiol is most widely used for therapeutic reasons due to the lack of psychoactive effects. In many medical applications, cannabidiol oil is used, such as anxiety and depression treatment, ...
MariMed Names Howard Schacter as Chief Communications Officer
NORWOOD, Mass.,–MariMed, Inc. (OTCQX: MRMD), a multi-state cannabis operator focused on health and wellness, today announced Howard Schacter has been appointed as the Company's Chief Communications Officer and a member of the MariMed Executive Management ...
