Legal Affairs
Canada’s Cannabis Industry Defies Economic Odds
TORONTO – In a striking contrast to Canada’s faltering economy, the legal Cannabis industry continues to flourish, bolstering the nation’s GDP while other sectors struggle. Statistics Canada reports that the licensed cannabis sector grew by ...
Cannabis Giants Grapple with Weak ROIC, Viridian Report Finds
LOS ANGELES – A recent analysis by Viridian Capital Advisors paints a somber picture for the Cannabis industry, projecting that none [!] of the 11 major companies studied will achieve a Return on Invested Capital ...
Aurora Cannabis Inc. Reports 93% Sales Surge & Focus on Medical Market Dominance
OTTAWA – Aurora Cannabis Inc. (ACB), a leading Canadian cannabis producer, has reported a 93% jump in sales for its latest quarter, cementing its position in the medical cannabis market. The Edmonton-based company’s financial results, ...
$10M Medicaid Settlement Raises Alarms Over Political Spending Tied to DeSantis’ Anti-Cannabis Push
LOS ANGELES- Florida’s medical settlement funds are under scrutiny after a $10 million payment intended for charitable use was channeled to two organizations that later fueled a high-dollar campaign against adult-use cannabis in the state. ...
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. ...
Canada’s Cannabis Industry Defies Economic Odds
TORONTO – In a striking contrast to Canada’s faltering economy, the legal Cannabis industry continues to flourish, bolstering the nation’s GDP while other sectors struggle. Statistics Canada reports that the licensed cannabis sector grew by ...
Cannabis Giants Grapple with Weak ROIC, Viridian Report Finds
LOS ANGELES – A recent analysis by Viridian Capital Advisors paints a somber picture for the Cannabis industry, projecting that none [!] of the 11 major companies studied will achieve a Return on Invested Capital ...
Aurora Cannabis Inc. Reports 93% Sales Surge & Focus on Medical Market Dominance
OTTAWA – Aurora Cannabis Inc. (ACB), a leading Canadian cannabis producer, has reported a 93% jump in sales for its latest quarter, cementing its position in the medical cannabis market. The Edmonton-based company’s financial results, ...
GreenBroz Inc. Revolutionizes Customer Experience With Las Vegas R&D Facility and Showroom Launch
LAS VEGAS -- GreenBroz Inc. today announced the opening of its R&D facility and showroom in Las Vegas to the public. This state-of-the-art, 50,000-square-foot facility brings together design, prototyping, production and a showroom under one ...
Inner Spirit Holdings Celebrates Opening 100th Spiritleaf Cannabis Store
CALGARY, AB, - Inner Spirit Holdings Ltd. (CSE: ISH) (OTCQB: INSHF), a Canadian company that has established a national network of Spiritleaf retail cannabis stores, today announced the celebration for the opening of its 100th Spiritleaf ...
Glass House Brands Reports First Quarter 2021 Financial Results
TORONTO–Glass House Brands Inc. (NEO: GLAS.A.U) (NEO: GLAS.WT.U), a vertically integrated cannabis and hemp companies in the U.S. as a final filing requirement to the merger transaction completed June 29, 2021 today reported financial results ...
Kiaro Acquires Cozy Cannabis and Enters Ontario
VANCOUVER, B.C.–Kiaro Holdings Corp. (TSXV: KO), a national omni-channel cannabis retailer and wholesale distributor, is pleased to announce the Company has completed the acquisition of all issued and outstanding shares of Sculthorp SEO Inc., which ...
Global Law Firm Clark Hill Acquires Hoban Law Group To Grow Cannabis Practice
DENVER–International law firm Clark Hill PLC announced last-week that the firm has expanded its Cannabis Industry Group with the addition of eight attorneys and a team of paralegals and support staff from Denver-based, leading cannabis ...
Eaze Launches First Shoppable Cannabis Delivery App for Apple
SAN FRANCISCO–Eaze, the nation’s largest cannabis delivery marketplace, today announced the launch of a first-of-its-kind shoppable app for iPhone users. Available for download today via the Apple App Store, the app allows customers to complete ...
Family Office Networks Launches Exclusive Family Office Cannabis Investment Club
PALM BEACH–Family Office Networks announced today the official launch of the exclusive Family Office Cannabis Investment Club as a membership-only group designed to help family offices and other ultra-high net worth investors to get access to ...
Numinus Announces Health Canada Approval of MAPS-Sponsored Open Label Study for MDMA-Assisted Therapy for PTSD
VANCOUVER, BC–Numinus Wellness Inc. (TSXV: NUMI), a mental health care company advancing innovative treatments and safe, evidence-based psychedelic-assisted therapies, is pleased to announce that Health Canada has cleared the MAPS-sponsored single-arm, open-label safety and feasibility study evaluating MDMA-assisted therapy ...
Terra Tech Merges With Unrivaled And Rebranding As Unrivaled Brands, Inc.
SANTA ANA–Terra Tech Corp. (OTCQX:TRTC) today announced that the Company has successfully completed its merger with UMBRLA, Inc., doing business as Unrivaled. The merger with Unrivaled brings together two California-based companies with combined operations in ...
Curaleaf Appoints Ranjan Kalia As Chief Financial Officer
WAKEFIELD–Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF), a leading international provider of consumer products in cannabis, announced today that Ranjan Kalia (pictured) will join the company as Chief Financial Officer on July 19, 2021. Kalia ...
The Parent Company Expands Value Vape Offering Launching Fun Uncle Cruisers Vapes with Live Resin
SAN JOSE– TPCO Holding Corp. (NEO: GRAM.U) (OTCQX: GRAMF), a vertically-integrated cannabis company, today announced that it has extended its value product offerings with the introduction of Fun Uncle Cruisers with Live Resin full gram ...
10 Women Cultivators and Business Owners in Cannabis & Why We Should Support Them
MIAMI–The world is male dominated and it shouldn’t be. Women are definitely the backbone and magic in every society in every nation. The two highest IQ scores in history belong to women. In 2018, it ...
France Becomes The First Country to Ban All Five Pesticides Linked to Bee Deaths
PARIS – France, inadvertently, is now leading the world in saving the bees by setting a benchmark in the global effort to save the bees and prevent “ecological Armageddon.'' This is very relevant to cannabis. ...
Nextleaf’s State B To Be Featured On Canada’s ”Dragon’s Den” TV Show
VANCOUVER, B.C.–Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF), an extraction company that owns one of the largest portfolios of U.S. patents for the extraction and distillation of cannabinoids, with State B Cannabis Beverage Co. is ...
Chicago’s Green Thumb Industries Acquires Virginia’s Dharma Pharmaceuticals
CHICAGO–Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ Dispensaries, announced it has closed on its acquisition of Dharma Pharmaceuticals LLC, previously announced on ...
Microdose Psychedelic Insights Closes Oversubscribed Financing Round
TORONTO–Microdose Psychedelic Insights, a privately held media company, announced today that it has closed a seven figure oversubscribed round, Charlie Finnie, Chief Executive Officer of Origin Therapeutics joins as a board member. Investors in this ...
Cardiol Therapeutics’ Board of Directors Appoints Dr. Guillermo Torre-Amione as Chairman
TORONTO- Cardiol Therapeutics Inc. (TSX: CRDL) (OTCQX: CRTPF) (FSE: CT9), a clinical-stage biotechnology company focused on developing innovative anti-inflammatory therapies for the treatment of cardiovascular disease, today announced that its Board of Directors has appointed Dr. Guillermo Torre-Amione ...
Nature’s Medicines Celebrates 8th Anniversary Hosting Free NORML Expungement Clinics
PHOENIX–The passage of Prop 207 in Arizona last November not only legalized marijuana for adults 21 and over. It also allows eligible people convicted of cannabis violations to erase their criminal records starting July 12, ...
Auxly Strengthens Financial Position With Implementation Of Amendments To Imperial Brands $123 Million Convertible Debenture & Sale of Curative Cannabis
TORONTO– Auxly Cannabis Group Inc. (TSX – XLY) (OTCQX: CBWTF) a leading consumer packaged goods company in the cannabis products market, is pleased to announce the implementation of amendments to certain provisions of its previously ...
Cannabis Delivery Leader Emjay Expands to San Francisco Market, Serving 400,000 New Households
SAN FRANCISCO– Emjay, a fully-vertical cannabis delivery and retail company with operations in California, today announced its expansion to the San Francisco market with a new facility dedicated entirely to delivery. The company - which already serves millions ...
GreenGro Technologies Announces Launch of New Hemp Infused Product Line Under GreenGro Brand
Anaheim–GreenGro Technologies, Inc. (OTC: GRNH), an established provider of eco-friendly green technologies for the industrial hemp and cannabis industries, today announced the launch of its highly anticipated product line of hemp infused tinctures, topicals, oil ...
Trulieve Announces Start Of Operations In West Virginia
TALLAHASSEE–Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company based in the United States, announced today that it commenced operations in West Virginia. The Company has begun cultivation at their 100,000 ...
