Legal Affairs
North Carolina Governor Establishes Cannabis Advisory Council Amid Unregulated THC Market
LOS ANGELES- North Carolina Governor Josh Stein has issued an executive order forming a 24–30 member North Carolina Advisory Council on Cannabis to develop policy recommendations aimed at regulating cannabis products and formalizing legalization strategies, ...
Cannabis Stocks Decline as Federal Reform Stalls in U.S
LOS ANGELES- U.S. cannabis stocks have declined sharply as investor enthusiasm dampens amid continued delays in federal reform. The AdvisorShares Pure US Cannabis ETF dropped around 48% in 2024, with company shares like Curaleaf, Verano, ...
AYR Wellness Secures Temporary Waiver in Financing Deal
LOS ANGELES- AYR Wellness Inc. a vertically integrated U.S. multi-state cannabis operator, has entered into a Limited Waiver Agreement with holders of a majority of its senior secured notes . Under this agreement, noteholders temporarily agree ...
Understanding Price Compression and Market Trends in Cannabis
LOS ANGELES—Every CFO needs to know that price compression is a pressing challenge in the cannabis industry, driven by increased competition, oversupply, and constantly shifting consumer demands and preferences. As prices decline, it becomes increasingly ...
Société québécoise du cannabis Reports C$40.5 Million in Third Quarter Income
LOS ANGELES- The Société québécoise du cannabis (SQDC), Quebec's government-operated cannabis retailer, announced a comprehensive income of C$40.5 million for the third quarter of its fiscal year ending January 4, 2025. This represents an increase ...
Idaho House Advances Bill Imposing $300 Minimum Fine for Cannabis Possession
LOS ANGELES- The Idaho House of Representatives has passed House Bill 7, which mandates a minimum fine of $300 for adults convicted of possessing three ounces or less of cannabis. Rep. Bruce Skaug (R-Nampa) introduced ...
Canada Invests Nearly $3 Million in Psilocybin-Assisted Psychotherapy Research
LOS ANGELES- The Government of Canada, through the Canadian Institutes of Health Research (CIHR), has committed nearly $3 million to fund three clinical trials investigating psilocybin-assisted psychotherapy as a treatment for various mental health and ...
North Carolina Governor Establishes Cannabis Advisory Council Amid Unregulated THC Market
LOS ANGELES- North Carolina Governor Josh Stein has issued an executive order forming a 24–30 member North Carolina Advisory Council on Cannabis to develop policy recommendations aimed at regulating cannabis products and formalizing legalization strategies, ...
Cannabis Stocks Decline as Federal Reform Stalls in U.S
LOS ANGELES- U.S. cannabis stocks have declined sharply as investor enthusiasm dampens amid continued delays in federal reform. The AdvisorShares Pure US Cannabis ETF dropped around 48% in 2024, with company shares like Curaleaf, Verano, ...
AYR Wellness Secures Temporary Waiver in Financing Deal
LOS ANGELES- AYR Wellness Inc. a vertically integrated U.S. multi-state cannabis operator, has entered into a Limited Waiver Agreement with holders of a majority of its senior secured notes . Under this agreement, noteholders temporarily agree ...
Legendary Street Artist JonezyArtwork and Unite Vapeware Collaborate to Bring Urban Art to the Cannabis Vape Industry
SACRAMENTO– Unite Vapeware, a leading California-based designer, manufacturer, and supplier of high-end vape-related products has teamed up with famed street artist "JonezyArtwork" to create the "Unite Artist Collection". The collaboration was designed to allow consumers ...
El Blunto Partners with Papa’s Select For Limited Edition 420 Cannabis Cigars
LOS ANGELES– El Blunto, one of California's top blunt producers, announces the release of two special edition El Blunto cannabis cigars made with top-shelf flower and infused with Papa's Select premium living extracts. This marks ...
Harborside Secures $12 Million Revolving Credit Facility
OAKLAND– (CSE: HBOR) (OTCQX: HBORF), Harborside, a California-focused, vertically integrated cannabis business, announced it has entered into a loan financing arrangement with a commercial federally regulated bank, in the amount of US$12 million due March 2024. Harborside ...
Trulieve Reports Fourth Quarter and Full-Year 2020 Results
TALLAHASSEE– (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States, today announced its results for the quarter and year ended December 31, 2020. The Company became a U.S. reporting company ...
Khiron Medical Cannabis Products Arrive in Germany for Immediate Prescription, Sale and Distribution
TORONTO–Khiron Life Sciences Corp. ("Khiron" or the "Company") (TSXV: KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC), a vertically integrated cannabis leader with core operations in Latin America and Europe, is pleased to announce that the Company has ...
GrowGeneration Acquires Agron.io B2B Integrated Platform
DENVER–GrowGeneration Corp. (NASDAQ: GRWG), the nation's largest chain of specialty hydroponic and organic garden centers, today announced its acquisition of Agron.io, a leading wholesale agriculture platform that allows commercial growers to manage their purchasing and ...
Yooma Wellness Inc. Acquires Socati Corp. In US$25MM Transaction
TORONTO– Yooma Wellness Inc. (CSE: YOOM), an emerging marketer and distributor of cannabinoid and hemp-derived wellness products, today announced that it acquired Socati Corp., a U.S. based manufacturer and seller of premium-quality cannabinoid ingredients and ...
Alcanna & YSS Corp. Close Reverse Takeover To Create “Nova Cannabis Inc.”
EDMONTON and CALGARY, AB, – Alcanna Inc. (TSX: CLIQ) and YSS Corp. (TSX-V: YSS; WCN: A2PMAX; and OTCQB: YSSCF) announce the completion of their business combination previously announced on January 18, 2021, which resulted in ...
FDA Warns Companies Illegally Selling Over-the-Counter CBD Products for Pain Relief
SILVER SPRING, Md.,– The U.S. Food and Drug Administration has issued warning letters to two companies for selling products labeled as containing cannabidiol (CBD) in ways that violate the Federal Food, Drug, and Cosmetic Act ...
Akerna Announces Financial Results for the Quarter Ended December 31, 2020
DENVER–Akerna (Nasdaq: KERN), an enterprise software, compliance technology provider and developer of seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform), today reported its unaudited financial results for the quarter ended December 31, 2020. "In ...
Greenrose SPAC Acquires 4 Cannabis Businesses Creating New Vertically Integrated Company
AMITYVILLE, N.Y.– Greenrose Acquisition Corp. (NASDAQ: GNRSU, GNRS, GNRSW) (Greenrose), a special purpose acquisition company targeting companies in the cannabis industry, has entered into definitive agreements to acquire four cannabis companies (The Platform). The companies ...
War On Drugs Ends For Residents Of Cambridge Massachusetts
CAMBRIDGE – Cambridge's City Council agreed 8-1 last month with an order written by councillor Jivan Sobrinho-Wheeler that the city make arresting adults with controlled substances “amongst the lowest law enforcement priority” and that the ...
California Cannabis Equity Grants Program Provides $15 Million in Grant Funding for Local Jurisdictions
Sacramento, CA – The Governor’s Office of Business and Economic Development (GO-Biz), in partnership with the Bureau of Cannabis Control, today announced $15 million in grant funding through the Cannabis Equity Grants Program for Local Jurisdictions. ...
Nabis Announces Exclusive Partnership with PLUS to Distribute All THC Products in California
OAKLAND– Nabis, one of California's cannabis wholesale marketplaces, announced today that the company entered into an exclusive partnership with Plus Products Inc. (CSE: PLUS) to provide licensed distribution for their cannabis products in California. "PLUS ...
SAFE Banking Act for Cannabis Industry Reintroduced in House
WASHINGTON, D.C.–Reps. Ed Perlmutter (D-CO), Steve Stivers (R-OH), Nydia Velázquez (D-NY), and Warren Davidson (R-OH) reintroduced the Secure and Fair Enforcement (SAFE) Banking Act today, which would provide protections for financial institutions serving cannabis-based businesses ...
Curaleaf’s Select Brand Introduces “Select Fresh” Line in 10 States
WAKEFIELD, Mass.,– Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF), a leading U.S. provider of consumer products in cannabis, today announced the latest addition to its suite of products with Select Fresh, which will make history ...
Study: New Yorkers Support Recreational Cannabis, Just Not in Their Neighborhood
NEW YORK– While 61% of New York State residents support the legalization of adult-use recreational cannabis sales, more than half (52%) of those living in New York City would oppose its sale in their neighborhood. ...
Canopy Growth Announces US$750 Million Term Loan Financing
SMITHS FALLS, ON– Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) is pleased to announce that it has entered into a credit agreement with Funds advised by King Street Capital Management, L.P. Under the Credit Agreement, ...
GrowGeneration Enters Massachusetts’ Cannabis Market Via Acquisition of Aquarius Hydroponics
DENVER– GrowGeneration Corp. (NASDAQ: GRWG), a specialty hydroponic and organic garden centers, today announced its acquisition of Aquarius Hydroponics, an indoor-outdoor garden supply center specializing in hydroponics systems, lighting and nutrients. Aquarius Hydroponics is one ...
Hemp Bombs Extends CBD Edibles line with New Flavors and Formats
TAMPA–Global Widget, the manufacturer and distributor of iconic CBD brands Hemp Bombs, Nature's Script™ and Perfect Paws Hemp, announces the expansion of its best-selling, industry award-winning CBD edibles from Hemp Bombs with four new and improved products: Immunity ...
Limitless CEO Jas Mathur and Floyd Mayweather partner to launch CBD product line SMILZ
LOS ANGELES– Jas Mathur, global business titan, and his longtime associate megastar Floyd Mayweather today announced the launch of SMILZ, a full spectrum CBD brand. Created to serve a market of customers that have a range of ...
High Tea Cannabis Co. Announces 11 New Locations Across Ontario
BRAMPTON, ON– Legal cannabis retailer, High Tea Cannabis Co., announced the establishment of 11 additional dispensaries across Ontario. Originally based in Brampton, the new stores will span across east and southwestern Ontario to cater to ...
Cannabis Legends: Irishman William Brooke O’Shaughnessy
Sir William Brooke O'Shaughnessy (1809-1889) was an early pioneer of the cannabis industry. William O’Shaughnessy was born in Limerick, Ireland, during the days of the British Empire. Talented in science and medicine, he was accepted ...
Green Thumb Industries Reports Fourth Quarter and Full Year 2020 Results
CHICAGO and VANCOUVER, British Columbia, March 17, 2021 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb,” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of ...
Sundial Reports Full Year and Fourth Quarter 2020 Financial and Operational Results
CALGARY– Sundial Growers Inc. (NASDAQ: SNDL) reported its financial and operational results for the full year and fourth quarter ended December 31, 2020. All financial information in this press release is reported in millions of Canadian ...
