Legal Affairs
Ascend Wellness Secures $50 Million Through Private Placement of Senior Secured Notes
LOS ANGELES- Ascend Wellness Holdings, Inc. a multi-state, vertically integrated cannabis operator, has completed a $50 million private placement of its 12.75% senior secured notes due 2029. The notes, issued at 97.5% of face value, ...
Alphabet Soup: Common Acronyms in Cannabis and Why You Need to Know Them
LOS ANGELES- Running a cannabis business means speaking more than the language of cultivation and branding — it means speaking compliance, with all its acronyms. You’ve likely seen a wall of them — ADA, OSHA, ...
Financial and Regulatory Hurdles Challenge New Cannabis Enterprises
LOS ANGELES- Emerging cannabis businesses in the United States are encountering significant barriers to entry, primarily due to financial constraints, complex regulatory environments, and competition from established entities. Access to capital remains a primary obstacle ...
Texas Republicans Approve Total Ban on Hemp-Derived THC Products
DALLAS-In a sweeping move that could reshape Texas' booming hemp industry, the state House of Representatives has passed an amended version of Senate Bill 3 that bans all hemp products containing any form or amount ...
Analysis: Germany Legalized Cannabis. Now the Real Work Begins.
BERLIN-On April 1, 2024, Germany made history by legalizing adult-use cannabis. But legalization was only the first step. More than a year later, the rollout has exposed the complexities of implementing cannabis reform in a ...
Silo Pharma’s SP-26 Ketamine Implant Meets All Endpoints in Preclinical Fibromyalgia Study
LOS ANGELES- Silo Pharma Inc. a developmental-stage biopharmaceutical company, announced that its investigational ketamine implant, SP-26, met all primary endpoints in a preclinical study targeting fibromyalgia. The study, conducted in minipigs, assessed the implant's safety, ...
Tilray Medical Introduces Good Supply Cannabis Brand to German Market
LOS ANGELES- Tilray Medical, a division of Tilray Brands Inc has launched its Canadian cannabis brand, Good Supply, in Germany. This expansion aims to provide German medical cannabis patients with access to a range of ...
Ascend Wellness Secures $50 Million Through Private Placement of Senior Secured Notes
LOS ANGELES- Ascend Wellness Holdings, Inc. a multi-state, vertically integrated cannabis operator, has completed a $50 million private placement of its 12.75% senior secured notes due 2029. The notes, issued at 97.5% of face value, ...
Alphabet Soup: Common Acronyms in Cannabis and Why You Need to Know Them
LOS ANGELES- Running a cannabis business means speaking more than the language of cultivation and branding — it means speaking compliance, with all its acronyms. You’ve likely seen a wall of them — ADA, OSHA, ...
Financial and Regulatory Hurdles Challenge New Cannabis Enterprises
LOS ANGELES- Emerging cannabis businesses in the United States are encountering significant barriers to entry, primarily due to financial constraints, complex regulatory environments, and competition from established entities. Access to capital remains a primary obstacle ...
Missouri Governor Signs Executive Order to Ban Intoxicating Hemp Product Sales
LOS ANGELES- Missouri Governor Mike Parson has signed an executive order banning the sale of intoxicating, hemp-derived products in the state, effective September 1. The order prohibits the sale of hemp-derived products containing delta-8 and ...
NEWS: Ohio Dispensaries Set to Begin Recreational Cannabis Sales
CLEVELAND- Starting Tuesday, Ohioans aged 21 and over will have the opportunity to purchase recreational cannabis without needing a medical card. This marks a significant change in the state's cannabis regulations. The Ohio Department of ...
Government Survey Data Shows Nearly 20 Percent Decline in Teen Cannabis Use Over Past Decade
LOS ANGELES- Government survey data released today by the US Department of Health and Human Services confirms that state-specific cannabis legalization laws have not negatively impacted teen cannabis use rates. The latest National Survey on ...
Ohio to Launch Recreational Cannabis Sales
LOS ANGELES- Ohio will commence recreational cannabis sales early next week, possibly as soon as Tuesday, August 6, following the issuance of the first necessary licenses on Monday. Jamie Crawford, Public Information Officer for Ohio’s ...
MindBio Reports Sustained Antidepressant Effects from Microdosing LSD in Phase 2A Depression Trials
LOS ANGELES- MindBio Therapeutics Corp. a Vancouver-based biopharmaceutical company, has announced promising durability data from its Phase 2A clinical trials testing MB22001, a proprietary microdosed LSD treatment for depression. The study, which involved self-administered, take-home ...
Ascend Wellness Stock Rises Amid Major Debt Refinancing Deal
LOS ANGELES- Ascend Wellness Holdings, Inc. saw its stock price increase by 2.9% on Friday, trading as high as $1.07 before closing at the same price. This trading activity represented a 301% increase in volume, ...
Tilray Expands Medical Cannabis Portfolio in Portugal
LOS ANGELES- Tilray Brands, Inc. has announced a new achievement in its European medical cannabis operations. The company received approval for its new product, Tilray Solução Oral THC10, in Portugal. This follows earlier approvals for ...
Philippine Lawmakers Push for Medical Cannabis Legalization
LOS ANGELES- The Philippines is making another attempt to legalize medical cannabis, with the House of Representatives approving a new bill on Tuesday. The measure, passed by a vote of 177-9, seeks to establish a ...
COMPASS Pathways Evaluates Prospects Despite Earnings Miss
LOS ANGELES- COMPASS Pathways reported a quarterly loss of $0.55 per share on May 8th, missing analysts' expectations of a $0.52 loss. The company is forecasted to post a loss of $2 per share for ...
Curaleaf Earnings Estimates Lowered
LOS ANGELES- Analysts at Atb Cap Markets have revised their Q2 2024 earnings estimates for Curaleaf Holdings, Inc. now forecasting a loss of $0.04 per share, down from a previous estimate of $0.03 per share. ...
Trulieve Contributes $5 Million to Florida Recreational Cannabis Campaign
LOS ANGELES- Trulieve, a medical cannabis company, has contributed an additional $5 million to support the campaign for legalizing recreational cannabis in Florida. This donation, made on July 15th, was directed to the Smart & ...
Aurora Cannabis Reports Quarterly Earnings
LOS ANGELES- Aurora Cannabis Inc. reported its quarterly earnings on Thursday, June 20th, surprising analysts with a positive earnings per share (EPS) of $0.11. This result significantly surpassed the consensus estimate of a $0.18 loss ...
Texas Cities Advance Cannabis Decriminalization Efforts Amid Legal Challenges
LOS ANGELES- Activists in several Texas cities are pushing for cannabis decriminalization, with measures set to appear on the November ballot in Lockhart, Dallas, and potentially Bastrop. These initiatives aim to reduce penalties for possession ...
Tilray Brands Reports 26% Increase in Revenue for Fiscal 2024
LOS ANGELES- Tilray Brands announced a 26% increase in net revenue for the fiscal year ending May 31, 2024, reaching $789 million. This result surpassed Wall Street analysts' projections of $783 million. The company's growth ...
Ohio Cannabis Health & Business Summit 2024: Exploring the Future of Medical and Adult-Use Cannabis
CLEVELAND, Ohio – The Ohio Cannabis Health & Business Summit (OCHBS) is thrilled to announce its annual conference, scheduled for October 4-5, 2024, at the I-X Center in Cleveland, Ohio. Since its inception in 2019, ...
Verano Acquires Cannabist Company’s Assets in Virginia, Arizona for $105 Million
NEW YORK- Verano Holdings Corp., a Chicago-based cannabis operator, has reached an agreement to acquire the plant-touching operations of The Cannabist Co. in Arizona and Virginia. The acquisition, valued at $105 million in a mix ...
Kamala Harris Emerges as Pro-Cannabis Advocate Amidst Potential Presidential Bid
LOS ANGELES- Vice President Kamala Harris, once opposed to cannabis legalization during her tenure as District Attorney of San Francisco, has now become a leading advocate for the cause. In April, she made history as ...
Organigram Advances Cannabis Product Portfolio with $1M Investment in Phylos
LOS ANGELES- Organigram Holdings Inc. has announced the completion of a partial third tranche investment of $1 million into Phylos Bioscience Inc., a U.S.-based cannabis genetics company. This investment is part of a broader strategy ...
DeSantis Criticizes Cannabis Legalization Initiative’s Ballot Inclusion
LOS ANGELES- Florida Governor Ron DeSantis expressed concerns over the state's cannabis legalization initiative, known as Amendment 3, during a Florida Sheriffs' Association conference. DeSantis argued that the ballot summary for the amendment does not ...
SNDL Announces Major Restructuring, Job Cuts to Save $20 Million Annually
LOS ANGELES- Canadian cannabis company SNDL Inc. has announced a significant financial restructuring plan, which includes the elimination of 106 full-time positions. The restructuring aims to optimize corporate overhead spending and consolidate its cannabis segments ...
Minnesota Opens Social Equity License Application for Adult-Use Cannabis Market
LOS ANGELES- The Minnesota Office of Cannabis Management (OCM) has initiated the first social equity business license application process for the state's adult-use cannabis market. The application window, which began on Wednesday, will remain open ...
Tilray Brands’ Aphria RX GmbH Receives License Under Germany’s New Cannabis Law
LOS ANGELES- Tilray Brands, Inc. announced that its German subsidiary, Aphria RX GmbH, has received a cultivation license under Germany's newly enacted adult-use cannabis legalization law. The facility, previously licensed in 2019 for Germany's medical ...
Dallas Officials Approve Cannabis Decriminalization Petition for November Ballot
LOS ANGELES- Dallas officials have finalized a petition allowing voters to decide on a cannabis decriminalization ordinance this November. The proposed measure aims to make the enforcement of Class A and Class B misdemeanor cannabis ...
Ohio Accelerates Adult-Use Cannabis Program Implementation
LOS ANGELES- The rulemaking process for Ohio's pending adult-use cannabis program is progressing rapidly, with sales expected to start by the third quarter of this year. Following voter approval of Issue 2, which legalized cannabis ...
Field Trip Health Ltd. Shares Rise 5.8% Amid Increased Trading Volume
LOS ANGELES- Field Trip Health Ltd. experienced a 5.8% increase in its share price during trading on Tuesday. The stock reached a high of C$1.11, before settling at C$1.09 by the end of the trading ...
