M4MM
Brazilian App Turns Patient Adoption Into a Cannabis Data Asset
LOS ANGELES- Brazil’s health-tech startup Blis says its mobile platform now supports more than 300,000 registered patients, generates roughly R$2 million (about US$363,000) in monthly revenue and reaches users in more than 1,800 municipalities. By ...
Blüm Holdings to Acquire Northern California Cannabis Dispensary
LOS ANGELES- Blüm Holdings Inc, a California-based publicly traded holding company and cannabis operator, has signed a binding all‑stock agreement to acquire a majority stake in a licensed adult‑use and medical cannabis dispensary in Northern ...
Colorado Legal Cannabis Market Sees Sustained Growth Through 2030
LOS ANGELES- A recent industry report estimates that Colorado’s legal cannabis market, valued at approximately USD 2.59 billion in 2024, is projected to expand at a compound annual growth rate (CAGR) of 12.9% between 2025 and 2030—reaching ...
British American Tobacco Invests $86.8 Million in Organigram
LOS ANGELES- British American Tobacco (BAT), one of the world's largest tobacco companies, has finalized a strategic investment of approximately $86.8 million (C$124.6 million) in Organigram Holdings Inc., a prominent Canadian cannabis producer. This investment, ...
Arizona Advances Psilocybin Research Initiatives
LOS ANGELES- Arizona legislators have approved measures to promote research into the medical applications of psilocybin, the active compound in certain mushrooms, and to establish a Psilocybin Research Advisory Council. The House Military Affairs & ...
Andy Kovtun Joins Highly Capitalized Network-HCN to Drive Engaging Content Creation
FOR IMMEDIATE RELEASE LOS ANGELES – Highly Capitalized Network-HCN, a leading source of financial news and market insights for the cannabis and psychedelics industries, proudly welcomes Andy Kovtun to its team. With a strong background ...
Canopy Growth’s Stock Declines Amid Share Sale Plans
LOS ANGELES- Canopy Growth Corporation's stock declined by 9% to a historic low of $1.26 per share following the company's announcement to issue up to $200 million in new shares. This move aims to bolster ...
Brazilian App Turns Patient Adoption Into a Cannabis Data Asset
LOS ANGELES- Brazil’s health-tech startup Blis says its mobile platform now supports more than 300,000 registered patients, generates roughly R$2 million (about US$363,000) in monthly revenue and reaches users in more than 1,800 municipalities. By ...
Blüm Holdings to Acquire Northern California Cannabis Dispensary
LOS ANGELES- Blüm Holdings Inc, a California-based publicly traded holding company and cannabis operator, has signed a binding all‑stock agreement to acquire a majority stake in a licensed adult‑use and medical cannabis dispensary in Northern ...
Colorado Legal Cannabis Market Sees Sustained Growth Through 2030
LOS ANGELES- A recent industry report estimates that Colorado’s legal cannabis market, valued at approximately USD 2.59 billion in 2024, is projected to expand at a compound annual growth rate (CAGR) of 12.9% between 2025 and 2030—reaching ...
Curaleaf Celebrates Opening of Scottsdale, Arizona Dispensary
WAKEFIELD, Mass., Oct. 7, 2022 Curaleaf Holdings, Inc, today announced the opening of its Scottsdale dispensary, located at 16277 N Greenway Hayden Loop, Scottsdale, AZ 85260. Curaleaf Scottsdale is one of its 16 dispensaries in the Grand Canyon State. Located across ...
U.S. Food and Drug Administration Names First Internal Cannabis Advisor
NEW YORK- According to an internal memo from earlier this week that an FDA spokesperson provided to the financial publication, MarketWatch, the U.S. Food and Drug Administration has appointed Norman Birenbaum, the former director of ...
Aurora Cannabis Repurchases US$23 Million Principal Amount of Convertible Notes
EDMONTON, AB - Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced that it has repurchased an aggregate of approximately $31.3 million (US$23.0 million) principal amount ...
Sanctuary Medicinals Opens Twelfth Location in Florida
APOPKA, Fla., Oct. 6, 2022. Sanctuary Medicinals today announced the opening of its twelfth medical cannabis dispensary in Florida. Located just six miles west of the original Sanctuary Boca Raton opened in July 2022, Sanctuary's second ...
Cannabis Stocks Surge as Biden Overhauls U.S. Cannabis Policy
NEW YORK - Following President Joe Biden's executive decision to change U.S. policy on cannabis, the White House today announced it is pardoning all prior federal offenses for simple cannabis possession. Consequently, shares of cannabis ...
Global Legal Cannabis Market Report 2022-2030
Dublin, Oct 6, 2022: The "Legal Cannabis Market Size, Share & Trends Analysis Report by Source (Marijuana, Hemp), by Derivative (CBD, THC), by End Use (Medical Use, Recreational Use, Industrial Use), by Region, and Segment ...
Ayr Wellness Brings Concentrates Brand HAZE to Florida
MIAMI - Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), a U.S. multi-state cannabis operator, is announcing the rollout of its premium live resin concentrates and vapes brand HAZE in Florida. Having recently celebrated surpassing 50 ...
Green Thumb Industries Announces Changes to Board of Directors
CHICAGO and VANCOUVER, British Columbia - Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), a national cannabis consumer packaged goods (CPG) company and owner of RISE Dispensaries, today announced that Richard Drexler, a proven financial ...
Cannabis Businesses Increasingly Challenged to Address Industry’s Environmental Impact
DENVER - Energy and water use, packaging, bio waste, social equity, and access to affordable medicine are all issues currently under scrutiny as a maturing cannabis industry grapples with the consequences of its rapid growth. ...
Alberta Government Must Engage With Psychedelics Industry for Regulatory Success
TORONTO - PsyCan, the trade association for the legal Canadian psychedelic medicine and therapy sector, is cautiously optimistic about recently announced rules governing the use of psychedelic drugs for people in therapy by the government ...
Biden Announces Plan to Erase Federal Possession of Cannabis Convictions
WASHINGTON, D.C.– President Joe Biden is beginning the process of decriminalizing cannabis and fulfilling a campaign promise to overturn earlier federal possession convictions. He is also beginning to relax the drug's official categorization. Senior administration ...
Super Critical Brands Appoint Dmitry Ostrovtsev as New Managing Partner & President
LOS ANGELES–Super Critical Brands Group, the global CPG marketing agency for the cannabis and psychedelic industries, announced today the appointment of their new President & Managing Partner, Mr. Dmitry Ostrovtsev. Dmitry has been in the ...
IM Cannabis Closes Second Tranche of Non-Brokered Private Placement of Common Shares
TORONTO and GLIL YAM, Israel, Oct. 5, 2022 IM Cannabis Corp. a medical and adult-use recreational cannabis company with operations in Israel, Canada, and Germany, announce that it has closed the second tranche of its non-brokered private placement, as described in its press ...
Numinus Develops Mushroom Tea for Use in Psychedelic Research
VANCOUVER, B.C, Oct. 5, 2022 Numinus Wellness Inc, a mental health care company today announced that its research division, Numinus Bioscience, has developed a psilocybin-containing tea bag for use in clinical research and, if appropriate regulatory approvals ...
Purpl Scientific and Green Thumb Industries Partner to bring Rapid NIRS Testing to Cannabis Oil Production
LOUIS, Oct. 5, 2022 Purpl Scientific Inc., a division of Nynomic AG which aims to bring near-infrared spectroscopy (NIRS) testing for Cannabis Extracts and finished products. Preliminary results show that NIRS can compete with High-Performance Liquid Chromatography ...
