Legal Affairs
New Zealand Approves Psilocybin for Medicinal Use
LOS ANGELES— New Zealand’s government has authorized the prescription of psilocybin, the psychoactive compound found in so‑called “magic mushrooms,” for patients with treatment‑resistant depression. This marks the first time psilocybin has been approved for medical use ...
Psyence Group Inc. Announces C$600,000 Private Share Offering
LOS ANGELES— Psyence Group Inc. a biotechnology firm focused on nature-derived psilocybin for mental health and palliative care, has announced a non-brokered private placement to raise up to C$600,000. The offering, detailed in a news ...
Texas Governor Expands Medical Cannabis Program, Vetoes THC Ban
LOS ANGELES— Texas Governor Greg Abbott has signed House Bill 46 into law, significantly expanding the state’s limited medical cannabis program, while vetoing Senate Bill 3, which aimed to ban hemp‑derived THC products—including delta‑8 gummies, ...
Trulieve Reports Strong Fourth Quarter Performance
LOS ANGELES- Trulieve Cannabis Corp., a multi-state cannabis operator, has announced its financial results for the fourth quarter and full year ending December 31, 2024, showcasing notable growth and operational efficiency. Financial Highlights Revenue: The ...
Solvonis Therapeutics to Acquire Awakn Life Sciences in Strategic Biotech Merger
LOS ANGELES- Solvonis Therapeutics PLC, a UK-based biotechnology firm specializing in treatments for mental health and substance use disorders, has entered into an agreement to acquire Awakn Life Sciences Corp., a Toronto-based company developing therapeutics ...
Compass Pathways Projects FY2025 Net Cash Use of $120M-$145M
LOS ANGELES- Compass Pathways plc a mental health care company specializing in psilocybin therapy, has announced an expected net cash utilization of $120 million to $145 million for the fiscal year 2025. As of February ...
Cronos Group Reports $8.7 Million in Operating Expense Savings for FY2024
LOS ANGELES- Cronos Group Inc. has announced operating expense savings of $8.7 million for the fiscal year 2024, aligning with its previously stated target range of $5 million to $10 million. These savings were primarily ...
New Zealand Approves Psilocybin for Medicinal Use
LOS ANGELES— New Zealand’s government has authorized the prescription of psilocybin, the psychoactive compound found in so‑called “magic mushrooms,” for patients with treatment‑resistant depression. This marks the first time psilocybin has been approved for medical use ...
Psyence Group Inc. Announces C$600,000 Private Share Offering
LOS ANGELES— Psyence Group Inc. a biotechnology firm focused on nature-derived psilocybin for mental health and palliative care, has announced a non-brokered private placement to raise up to C$600,000. The offering, detailed in a news ...
Texas Governor Expands Medical Cannabis Program, Vetoes THC Ban
LOS ANGELES— Texas Governor Greg Abbott has signed House Bill 46 into law, significantly expanding the state’s limited medical cannabis program, while vetoing Senate Bill 3, which aimed to ban hemp‑derived THC products—including delta‑8 gummies, ...
Entheon Biomedical Uplists on OTCQB Venture Market
VANCOUVER, B.C.– Entheon Biomedical Corp. (CSE: ENBI) (OTCQB: ENTBF) (FSE: "1XU1"), a biotechnology company focused on developing psychedelic medicines to treat addiction, announces it has been approved for trading on the OTCQB Venture Market effective ...
GreenGro Technologies Announce Plans To Uplist to OTCQB Market
ANAHEIM–GreenGro Technologies, Inc. (OTC PINK: GRNH), a provider of eco-friendly green technologies for the industrial hemp and cannabis industries, today announced that it has initiated its plan to upgrade its position in the public markets ...
New Study Finds People Turned to Cannabis During the Pandemic to Feel Happier
DENVER–Did the stressors of COVID-19 drive more Americans to use medical cannabis as an alternative tool for managing their mental health? A new national study exploring this question found a positive correlation between national demand ...
New Consumer Poll Reveals Sustained Surge in Cannabis Delivery Over A Year into Pandemic
LOS ANGELES– Ganja Goddess, a California-based premium online shopping, delivery and lifestyle brand that caters to cannabis consumers statewide in California, released its third consumer trend poll conducted during the pandemic, revealing a lasting change ...
BREAKING: Sundial Growers Acquires Inner Spirit Holdings & Spiritleaf Retail Cannabis Network
CALGARY, A.B.–Sundial Growers Inc. (NASDAQ: SNDL) and Inner Spirit Holdings Ltd. (CSE: ISH) (OTCQB: INSHF) announced they've entered into an agreement in which Sundial will acquire all of the issued and outstanding common shares of ...
Gold Flora Releases Newly Developed Limited Edition Strain in California
COSTA MESA, Calif.,–Gold Flora, a vertically-integrated cannabis company in California, announced it is releasing a newly developed, limited edition strain, Lion's Cake. This balanced hybrid strain is a proprietary cross that combines Zkittlez Cake, Lava Cake, and ...
Ascend Wellness Shares Surges 22% On Canadian Stock Market IPO
TORONTO– Ascend Wellness Holdings (AWH) Inc surged about 22% in its Canadian stock market debut on Tuesday to fetch a market value of $1.6 billion, as the green rush gains momentum following a sustained surge ...
A LIFE IN A DAY: Charlie Weiss: Cannabis Industry Personalities
CHARLIE WEISS is a Sales and Marketing Director in the successful California cannabis industry. He came to cannabis in 2018 from a successful, twenty-year career in the alcoholic-beverages category. After doing it all, supplier, distributor, ...
East Coast CommCan Announces Partnership With West-Coast Based Cookies
MILLIS, Mass., – CommCan - The Commonwealth Cannabis Co. announced a partnership with Cookies, the iconic and market leading Cannabis Brand. CommCan will become the cultivation, manufacturing and distribution partner for Cookies throughout the Commonwealth ...
Full Spectrum Cannabis Extracts Market Expected To Remain Dominant for Next Few Years
LOS ANGELES – Cannabis extracts have gained wide recognition in recent years and are expected to provide added momentum to cannabis market growth. Based on product type, cannabis extracts are classified into oils and tinctures. ...
Cansortium Reports Fourth Quarter And Full Year 2020 Financial Results
MIAMI–Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) Company a vertically-integrated cannabis company operating under the Fluent brand, is reporting financial results for the fourth quarter and full year ended December 31, 2020 and is providing an ...
Kiaro Reports 230% Increase in Revenue in Fiscal Year 2021
VANCOUVER, BC–Kiaro Holdings Corp. (TSXV: KO) today announced its fourth quarter and year end financial results for fiscal year 2021 ended January 31, 2021. All amounts, unless specified otherwise, are expressed in Canadian dollars. "Fiscal ...
Tilray-Aphria Officially Complete Joint Merger
TORONTO–Tilray Inc. and Aphria Inc. say their merger deal has now closed after receiving approval from shareholders of both companies. Tilray shareholders voted April 30 in favour of issuing stock to Aphria’s shareholders, but the ...
Greg Engel Steps Down As CEO of Organigram
Organigram Holdings Inc. announced that CEO George Engel is stepping down effective immediately, with Peter Amirault the board chairman, assuming Mr. Engel's responsibilities immediately. The move comes only a month after the announcement of British ...
How to Get More Out of Your Cannabis by Making Edibles
OAKLAND– Have you ever re-upped on some fire cannabis bud on a Friday only to smoke through the whole batch by Sunday? The whole situation could leave you feeling burned. Why not get more out ...
Tryp Therapeutics Partners with Fluence for Psychotherapy Design
SAN DIEGO –Tryp Therapeutics (CSE: TRYP) (OTCQB: TRYPF) (FSE: 8FW) a pharmaceutical company focused on developing clinical-stage compounds for diseases with unmet medical needs, announced today a master service agreement with Fluence to provide design and ...
Good Supply Expands Product Portfolio With the Introduction of Hash, Wax, and Kief
LEAMINGTON, ON– Aphria Inc. (TSX: APHA) (NASDAQ: APHA), a cannabis-lifestyle consumer packaged goods company, today announced that it has entered the concentrates category under the Good Supply brand with the introduction of hash, wax, and kief. ...
Green Bee Botanicals face serum wins 1st place in “Academy Awards of Cannabis”
SAN FRANCISCO – The Emerald Cup is the most important and influential cannabis contest in the world, similar to the Wine Spectator awards for the winemaking industry — the reason Rolling Stone calls it "the Academy ...
Terrabis Dispensary Opens First of Five Locations in Missouri
O'FALLON, Mo.,–The Terrabis dispensary in O'Fallon will open its doors on May 3rd, just shortly after the state of Missouri released medical marijuana sales data showing nearly $30 million since the market first launched in ...
“Dangerous Delta-8?” CBD Manufacturer Warns Consumers About Potentially Harmful Chemical
SOUTHBRIDGE, Mass.,– High Purity Natural Products today announced a warning for consumers and manufacturers about potentially harmful chemicals within Delta-8 THC. Delta-8 THC, derived through a chemical process from hemp, is "said to be legal" ...
Next Green Wave Announces Financial Results And Provides Dispensary Update
VANCOUVER, B.C. – Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF), a seed-to-shelf craft cannabis producer, announced operational and financial updates. Dispensary Updates The Company now has placed multiple product lines in approximately 75 dispensaries ...
High Tide Increases U.S. Presence Through Acquisition of Leading CBD E-Commerce Retailer FABCBD
CALGARY, AB,– (TSXV: HITI) (OTCQB: HITIF) (FRA: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, announced that it is taking another step towards solidifying itself as a major player ...
TerrAscend Closes Acquisition of Keystone Canna Remedies
NEW YORK and TORONTO–TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today reported it has closed the previously announced acquisition of GuadCo, LLC and KCR Holdings LLC for an implied enterprise ...
PharmaCielo Announces Financial Results for Fourth Quarter & Fiscal Year 2020
TORONTO and RIONEGRO, Colombia–PharmaCielo Ltd. (TSXV: PCLO), (OTCQX: PCLOF), the Canadian parent of Colombia's premier cultivator and producer of medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., today announced financial results for the fourth quarter and year ended December ...
Emerald Health Therapeutics Reports 2020 Year-end And Fourth Quarter Financial Results
VANCOUVER, B.C.– Emerald Health Therapeutics, Inc. (CSE: EMH) (OTCQX: EMHTF) released its financial results for the 12 months ended December 31, 2020. "We ended 2020 with a complete transformation of Emerald's balance sheet and operating ...
