Legal Affairs
HCN Launches HCN Pay: The First Dual-Processor Payments Solution Designed Specifically for Cannabis Retail
LOS ANGELES — Highly Capitalized Network, a leading business and financial media platform for the Cannabis, psychedelics, and wellness industries, has officially launched HCN Pay, a breakthrough payments solution built exclusively for Cannabis retailers. HCN ...
Week In Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES - Critical compliance issues, market exits, and clinical and regulatory breakthroughs shaped a turbulent week for cannabis and psychedelics businesses. Cannabis Industry Highlights 1.Cresco Labs Exits California, Refocuses on Profitability Cresco Labs confirmed ...
Glass House Brands Tightens Up Compliance After ICE Raids Shake Operations
LOS ANGELES – Glass House Brands Inc. has swiftly moved to strengthen its compliance protocols following federal immigration raids on two of its California farms on July 10. Conducted by U.S. Immigration and Customs Enforcement ...
Former Metrc Executive Alleges Company Enabled Illegal Cannabis Sales in Whistleblower Suit
LOS ANGELES- A former senior executive at Metrc, the leading cannabis compliance tracking company in the U.S., has filed a federal whistleblower lawsuit accusing the firm of turning a blind eye to unlawful activity, including ...
Beer Gets Burned, Hemp Drinks Heat Up
New insights from Whitney Economics show hemp beverages could win big as tariffs slam the beer industry The team at Whitney Economics just dropped their latest cannabis and hemp market forecast—and it’s a must-read for ...
Cannabis Prices Decline in New York Amid Market Expansion
LOS ANGELES- The legal cannabis market in New York is experiencing a notable decrease in product prices, coinciding with rapid industry growth and increased consumer access. Price Reductions Across Product Categories Recent data indicates a ...
Psilocybin Use Rises Amid Shifting Public Perception and Regulatory Changes
LOS ANGELES- Recent studies indicate a significant increase in psilocybin use across the United States, correlating with evolving public attitudes and regulatory developments. Data from the University of Colorado Anschutz Medical Campus and Rocky Mountain ...
HCN Launches HCN Pay: The First Dual-Processor Payments Solution Designed Specifically for Cannabis Retail
LOS ANGELES — Highly Capitalized Network, a leading business and financial media platform for the Cannabis, psychedelics, and wellness industries, has officially launched HCN Pay, a breakthrough payments solution built exclusively for Cannabis retailers. HCN ...
Week In Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES - Critical compliance issues, market exits, and clinical and regulatory breakthroughs shaped a turbulent week for cannabis and psychedelics businesses. Cannabis Industry Highlights 1.Cresco Labs Exits California, Refocuses on Profitability Cresco Labs confirmed ...
Glass House Brands Tightens Up Compliance After ICE Raids Shake Operations
LOS ANGELES – Glass House Brands Inc. has swiftly moved to strengthen its compliance protocols following federal immigration raids on two of its California farms on July 10. Conducted by U.S. Immigration and Customs Enforcement ...
Demand for Delta-8 THC Gummies is Rising Says Exhale Wellness
LOS ANGELES–Exhale Wellness has made many people switch to Delta-8 THC as it continues to produce innovative products. With the rising demand for Delta-8 gummies, it is one of the few organizations that make all-natural Delta-8 ...
Schwazze Closes Acquisition of Southern Colorado Growers
DENVER– Schwazze, (OTCQX:SHWZ) , announced that it has closed the transaction to acquire the assets of Southern Colorado Growers in Huerfano County, Colorado; previously announced June 1, 2021. The acquisition includes 34 acres of land with outdoor ...
NuLeaf Naturals Launches New Multicannabinoid Formula
DENVER–On July 9, 2021, NuLeaf Naturals launched their new Multicannabinoid™ oil and softgels. NuLeaf Naturals Multicannabinoid™ is a comprehensive formula designed to elevate your health and wellbeing. They say their daily blend contains several key ...
GrowGeneration Acquires Mendocino Greenhouse & Garden Supply Expanding Footprint in California’s Emerald Triangle
DENVER–GrowGeneration Corp. (NASDAQ: GRWG), the nation's largest chain of specialty hydroponic and organic garden centers, today announced its acquisition of Mendocino Greenhouse and Garden Supply, a Northern California-based hydroponic garden center, located in Mendocino, California. Mendocino ...
Cannabis Concentrate Sales Rose 50% On 710 Cannabis Oil Day
DENVER–Business intelligence from Akerna (Nasdaq: KERN), an enterprise software, leading compliance technology provider, shows that concentrate sales were up 50% on Saturday, July 10th also known as "710 Day", as inverting the value 710 spells OIL, another word ...
Body and Mind Closes US$11 Million Debt Financing
VANCOUVER, BC–Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ), a multi-state operator, is pleased to announce that it has closed a US$11.1 million debt financing with related entities to FocusGrowth Asset Management, LP. Under the ...
Master Hashish Maker Frenchy Cannoli Has Died
SAN FRANCISCO–Frenchy Cannoli, the legendary Californian-French Hashish Maker has died, according to a post on his company Instagram account. Frenchy was a California-based teacher, consultant, artisan, and activist dedicated to the production and appreciation of traditional ...
Audacious Acquires LOOS, a California Beverage & Edibles Company
LAS VEGAS– Australis Capital Inc., operating as Audacious (CSE: AUSA) (OTC: AUSAF), today announced the Company has entered into a binding terms sheet to acquire all of the issued and outstanding shares of Gary Maverick ...
The Green Organic Dutchman Announces Preliminary Unaudited Second Quarter 2021 Revenue, Appoints Chief Growth Officer
TORONTO–The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US-OTC: TGODF), a leading producer of premium certified organically grown cannabis in Canada, today announced preliminary unaudited revenue for the second quarter of 2021, reflecting growth of ...
Harborside Announces Management Changes
OAKLAND–Harborside Inc. (CSE: HBOR), (OTCQX: HBORF) a California-focused, vertically integrated cannabis enterprise, today announced that Peter Bilodeau has been asked to step down from his role as Interim Chief Executive Officer effective immediately, and Matt ...
The Parent Company Extends Cannabis Accessibility with Launch of Mobile Shopping App
SAN JOSE–TPCO Holding Corp. (NEO: GRAM.U) (OTCQX: GRAMF), a leading vertically-integrated cannabis company, announced the launch of an upgraded, shoppable app available through Apple's App Store, allowing California-based consumers to make cannabis purchases through the ...
Mera Acquires Greenleaf Productions Inc. And Receives Health Canada Standard Processing Licence
ST. THOMAS, ON– MERA announced that, effective July 7, 2021, it completed the acquisition of all of the issued and outstanding shares of Greenleaf Productions Inc. under a share purchase agreement with the shareholders of ...
2 Chainz and GAS Cannabis Teams Up With Black-Owned Cannabis Direct to Consumer Technology Platform, CampNova
LOS ANGELES– GAS Cannabis by 2 Chainz, a Grammy Award Winning hip-hop artist, is teaming up with direct-to-consumer Black-owned cannabis lifestyle technology platform, CampNova. Through this exclusive partnership, with just a few clicks and a matter ...
HCN Investigates: Cannabis SPACs: What Are They? What Should You Know About Them?
LOS ANGELES– Cannabis companies have traditionally had trouble gaining funding via public offerings. With SPACs, entities in the cannabis and hemp sectors can be publicly traded in both American and Canadian markets. What are cannabis ...
Neptune Reports Fourth Quarter and Fiscal 2021 Results
LAVAL, QC– Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT), a health and wellness company focused on plant-based brands, today announced its financial and operating results for the three-month and twelve-month periods ending March 31, 2021. ...
A LIFE IN A DAY: Jeffrey Batliner: Cannabis Industry Personalities
Jeffrey Batliner, Chief Financial Officer of Unrivaled Brands, Inc., joined the company in December of 2018 when he was hired as the Director of Financial Reporting, where his responsibilities focused on SEC Reporting as well ...
Florida Initiates Process for New Medical Cannabis Licenses
MIAMI–The Florida Department of Health (DOH) recently announced it is kicking off rulemaking for two separate competitive medical cannabis treatment center (MMTC) license application processes. Key-Takeaways This announcement has been a long time coming, as ...
Power and Collaboration Will Be The Name of the Game at New WEIC Women’s Leadership Summit
San Francisco, CA — July 15, 2021 — WEIC, the largest global community of women working in cannabis and ancillary industries, kicks-off its first virtual Women’s Leadership Summit on July 21, 2021. Themed “Power and ...
Hemp Industry Response to the Cannabis Administration and Opportunity Act
WASHINGTON– The National Industrial Hemp Council (NIHC) Board Chair Patrick Atagi released the following statement after the Cannabis Administration and Opportunity Act was released in draft form by Senate Majority Leader Chuck Schumer (D-NY), Senator ...
The Valens Company Reports Financial Results for The Second Quarter of Fiscal 2021
KELOWNA, BC– The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF), a manufacturer of cannabis products reported its second quarter financial results for the period ended May 31, 2021. Tyler Robson, Chief Executive Officer, Co-Founder and Chair ...
Bernard Noble And Fab 5 Freddy Partner With Curaleaf To Launch B Noble Brand
WAKEFIELD, Mass.– B Noble Inc. and Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF), a leading international provider of consumer products in cannabis, today announced the launch of the B Noble brand in Massachusetts and Maryland, ...
U.S. Senate Majority Leader Schumer Unveils Bill To Federally Decriminalize Cannabis
WASHINGTON, D.C.–Senate Majority Leader Chuck Schumer, D-N.Y., (main picture) announced a sweeping bill on Wednesday to end the ''war on drugs'' and decriminalize cannabis at the federal level, a key milestone signaling shifting attitudes in ...
Red Light Holland Sells Approximately 350,000 Grams of Magic Truffles
TORONTO–Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX), an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands, is pleased ...
Vicente Sederberg: Not Your Average Law Firm
DENVER–The booming cannabis industry has come a long way in the last decade. From the early days of adult-use legalization to multimillion dollar mergers and acquisitions, the space has grown exponentially and continues to drive ...
The Israeli Medical Establishment Voices Support For Tikun Olam-Cannbit’s Partnership With HMOs And Hospital
TEL AVIV– Tikun Olam-Cannbit (TASE: TKUN), an Israeli leading medical cannabis company, known for marketing of Clinically studied inflorescence and medical cannabis products, has signed this week an agreement with Maccabi Healthcare Services, Israel's second-largest HMO. As ...
