M4MM
Cannara Biotech Secures $10M Credit Expansion for Valleyfield Facility Growth
MONTREAL – Cannara Biotech Inc., has announced a $10 million expansion of its credit facility with Bank of Montreal (BMO) to fund enhancements at its Valleyfield, Quebec, facility. This strategic move supports the company’s ambition ...
DCC and Metrc Advance California Cannabis Safety with QR Recalls
LAKELAND – In a move aimed at strengthening public health protections in the state's regulated Cannabis sector, Metrc has introduced a new recall notification system tied to its Metrc Retail ID™ QR codes. The feature, ...
German Health Ministry Draft Sparks Patient Backlash Over Medical Cannabis Access
FRANKFURT – A recent survey by MedCanOneStop, a German medical Cannabis platform, has highlighted sharp concerns among patients about a proposed amendment from the Federal Ministry of Health (Bundesministerium für Gesundheit, BMG) that would limit ...
Analysis: What’s Next for Texas THC Policy After Gov. Abbott’s Veto?
DALLAS - In a move that stunned the Texas political establishment and delighted the state’s burgeoning hemp industry, Governor Greg Abbott last weekend vetoed Senate Bill 3 (SB 3), a measure that would have banned ...
Maryland Governor Expands Cannabis Pardons
LOS ANGELES- Maryland Governor Wes Moore has announced an additional round of approximately 6,938 pardons for individuals previously convicted of simple cannabis possession, following a 2024 executive order that granted clemency to over 175,000 convictions ...
Verano Taps Arizona Partner to Introduce Grow Sciences’ Cannabis Line in Illinois
LOS ANGELES- Verano Holdings Corp. a vertically integrated multi-state cannabis operator, entered into an exclusive distribution partnership with Arizona-based Grow Sciences to launch a curated selection of premium cannabis flower and solventless extracts in Illinois. Starting ...
Court Reverses Health Canada’s Ban on Psilocybin Training for Clinicians
LOS ANGELES- A recent decision by the Federal Court of Appeal ruled that Health Canada’s 2022 refusal to grant exemptions allowing health-care professionals to participate in experiential psilocybin training was unreasonable. The court determined that ...
Cannara Biotech Secures $10M Credit Expansion for Valleyfield Facility Growth
MONTREAL – Cannara Biotech Inc., has announced a $10 million expansion of its credit facility with Bank of Montreal (BMO) to fund enhancements at its Valleyfield, Quebec, facility. This strategic move supports the company’s ambition ...
DCC and Metrc Advance California Cannabis Safety with QR Recalls
LAKELAND – In a move aimed at strengthening public health protections in the state's regulated Cannabis sector, Metrc has introduced a new recall notification system tied to its Metrc Retail ID™ QR codes. The feature, ...
German Health Ministry Draft Sparks Patient Backlash Over Medical Cannabis Access
FRANKFURT – A recent survey by MedCanOneStop, a German medical Cannabis platform, has highlighted sharp concerns among patients about a proposed amendment from the Federal Ministry of Health (Bundesministerium für Gesundheit, BMG) that would limit ...
A Glance at Denmark’s Cannabis Destruction Data: Implications for the Medical Pilot Program
COPENHAGEN- Reporting from MJBizDaily shows tat Denmark destroyed 100 tonnes of cannabis, the article went on to describe how Denmark has a cannabis industry, recent data released by the Danish Parliament’s Health Committee has brought ...
Rapid Therapeutic Science Laboratories Faces SEC Lawsuit Over Alleged Fraudulent Activities
LOS ANGELES- In a significant development in the business world, the U.S. Securities and Exchange Commission (SEC) has brought charges against Texas-based Rapid Therapeutic Science Laboratories Inc. and its founder, Donal Schmidt Jr., accusing them ...
Bipartisan Efforts Surge to Reform Federal Cannabis Regulations and Enhance Industry Safety
LOS ANGELES-- In a significant bipartisan move, the House of Representatives Oversight and Accountability Committee advanced the Cannabis Users’ Restoration of Eligibility (CURE) Act, a pivotal piece of legislation seeking to modify federal employment guidelines ...
FARRIS FORWARD: Surviving a Down Market: 7 Tips for Cannabis Operators
FARRIS FORWARD: Welcome to Farris Forward, a new series of articles curated by Jon Farris and distributed by Highly Capitalized. The series highlights the insights and strategies being deployed by industry insiders and experts, offering ...
California Moves to Broaden Cannabis Consumer Rights with New Bills
LOS ANGELES- California lawmakers are moving forward with legislation aimed at enhancing the rights of cannabis consumers. Two significant bills have advanced to Governor Gavin Newsom's desk, which could potentially alter the current state of ...
SEC Files Lawsuit Against Rapid Therapeutic Science Laboratories Alleging Fraudulent Operations
LOS ANGELES- The U.S. Securities and Exchange Commission (SEC) has formally accused Texas-based company, Rapid Therapeutic Science Laboratories, and its founder, Donal Schmidt Jr., of engaging in a multi-faceted securities fraud and violations amounting to ...
NewLake Capital Partners Advances Revenue Strategy Amid Nascent U.S. Cannabis Sector
LOS ANGELES- The U.S. cannabis industry, which is in its nascent stages of development, has been shadowed by a perception of elusive profitability, regarded by investors as a distant goal rather than a current reality. ...
Clearmind Medicine Inc. Navigates Choppy Financial Waters, Raising $2.25M in U.S. Public Offering
LOS ANGELES- In a critical move to stabilize its financial position, psychedelic pharmaceutical biotech firm Clearmind Medicine Inc. has successfully completed a public offering exclusive to the United States, amassing approximately $2.25 million in funds. ...
Oklahoma Supreme Court Sidesteps Lawsuit on Escalated Cannabis Business Licensing Fees
OKLAHOMA CITY- In a significant development, the Oklahoma Supreme Court has decided not to hear a lawsuit challenging the hike in medical cannabis business fees, maintaining that the fees instituted by the Oklahoma Medical Marijuana ...
Cannabis Stocks Surge Amidst Favorable Regulatory Signals
NEW YORK, NY–In recent days, cannabis stocks have been on an upward trajectory, buoyed by positive regulatory developments. This rally has sparked optimism among investors, particularly in the Canadian Licensed Producers (LPs) and U.S. Multistate ...
Canopy Growth Foresees Strengthened Financial Position with $50 Million Private Placement
LOS ANGELES– In a significant move underscoring its commitment to fortifying its financial foothold, Canopy Growth Corporation, a player in the North American cannabis and consumer packaged goods sector, announced on Monday its entry into ...
COMPASS Pathways Secures $285 Million in Funding to Propel Psychedelic Research for Mental Health
LOS ANGELES- COMPASS Pathways, a biotechnology company at the forefront of mental health innovation, recently secured $285 million in private financing to further its research into the potential benefits of psychedelic medicines. The infusion of ...
Columbia Care Advances Financial Strategy with $25 Million Private Placement
NEW YORK - Columbia Care Inc., a cultivator, manufacturer, and retailer of cannabis products in the U.S, has embarked on the next stage of its strategy to enhance its balance sheet, commencing with a private ...
Curaleaf Employees in Phoenix Stage Strike Demanding Fair Contract Negotiations
PHOENIX- Employees at a Curaleaf Holdings Inc. dispensary in Phoenix took a bold step last Friday, initiating a strike aimed at pushing the company's executives to actively engage in contract negotiations. This marks a historic ...
Chicago City Council Ponders Restrictions on Sale of Hemp-Derived THC Products
CHICAGO CITY- In a bid to address what is being termed as "a public health crisis" related to the unregulated sale of hemp-derived products containing THC variants like delta-8, delta-10, and THC-O, the Chicago City ...
