M4MM
MindMed Reports 2024 Financial Results and Advances in Clinical Trials
LOS ANGELES- of December 31, 2024, MindMed reported cash and cash equivalents totaling $273.7 million, up from $99.7 million at the end of 2023. This increase is attributed to equity financings totaling approximately $250 million ...
States Propose Cannabis Tax Hikes Amid Industry Pushback
LOS ANGELES- In Michigan, Governor Gretchen Whitmer's recent $3 billion infrastructure plan includes a proposal to close a cannabis tax loophole, potentially generating an additional $470 million for road repairs. This move has alarmed local ...
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, ...
New Jersey Senate Committee Advances Therapeutic Psilocybin Bill
LOS ANGELES- The New Jersey Senate Budget and Appropriations Committee has approved Senate Bill 2283, advancing legislation to legalize the therapeutic use of psilocybin for medical purposes. The bill, sponsored by Senate President Nick Scutari ...
Trulieve Files Defamation Lawsuit Against Florida GOP Over Cannabis Legalization Ads
LOS ANGELES- Trulieve, Florida's largest medical cannabis operator, filed a defamation lawsuit against the Republican Party of Florida on Wednesday, accusing the party of spreading misleading advertisements about Amendment 3. The amendment, which will appear ...
StateHouse Goes Into Receivership With $100 mm In Debt
LOS ANGELES- Pelorus Fund REIT has filed a request with a California court to place StateHouse Holdings, a vertically integrated cannabis operator, into receivership following the company’s default on four loans. Pelorus, a private mortgage ...
Arkansas Supreme Court Orders Continuation of Signature Count for Cannabis Expansion Ballot Initiative
LOS ANGELES- The Arkansas Supreme Court has ordered Secretary of State John Thurston to continue counting approximately 18,000 signatures for a proposed medical cannabis expansion initiative, despite his earlier decision to invalidate them due to ...
MindMed Reports 2024 Financial Results and Advances in Clinical Trials
LOS ANGELES- of December 31, 2024, MindMed reported cash and cash equivalents totaling $273.7 million, up from $99.7 million at the end of 2023. This increase is attributed to equity financings totaling approximately $250 million ...
States Propose Cannabis Tax Hikes Amid Industry Pushback
LOS ANGELES- In Michigan, Governor Gretchen Whitmer's recent $3 billion infrastructure plan includes a proposal to close a cannabis tax loophole, potentially generating an additional $470 million for road repairs. This move has alarmed local ...
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, ...
PharmaCann and LivWell Enlightened Health Announce Planned Merger
CHICAGO & DENVER--PharmaCann, the largest privately held, vertically integrated cannabis company in the United States, and LivWell Enlightened Health, a multi-state cannabis cultivation and retail leader based in Colorado, today announced that they have entered ...
Snoop’s VC Casa Verde Targets Booming European Cannabis Industry
LISBON–US rap artist Snoop Dogg is the co-founder of Casa Verde, a vulture capital (VC) fund based in Los Angeles that focuses on the cannabis industry. He's now turning his attention to Europe. Casa Verde ...
Azuca Introduces Innovation for Infused Chocolate
NEW YORK - Azuca announced its new solution for edibles manufacturers, Azuca Chocolate Activator™ powered by TiME INFUSION™. The patent-pending infusion process is designed to alleviate the challenges of making an infused chocolate for manufacturers, ...
Ayurcann Holdings Corp. Rolls Out Medical Cannabis Strategy
PICKERING, ON - Ayurcann Holdings Corp. (CSE: AYUR) (FSE: 3ZQ0) a Canadian cannabis extraction company focus in the processing of cannabis and hemp for the production of oils and various derivative products, announced that it ...
AceCann Closes $15M in Seed Financing to Produce Organic Flower and Extracts for Europe
LISBON, PORTUGAL - European medical cannabis company AceCann announced the closing of a $15M (USD) round of Seed financing. The funding round was led by venture firm Casa Verde with participation from Portuguese venture capital ...
Treez Enters Colorado Cannabis Market with the Go-Live Implementation of its Cloud Retail Commerce Platform
SAN FRANCISCO - Treez (www.treez.io), a private company and provider of an enterprise cloud platform that streamlines end-to-end commerce in the cannabis market, announced entry into the state of Colorado with the completed implementation of ...
Harborside Announced Planned Commercial-Scale Renewable Energy Microgrid Project
OAKLAND, Calif. - Harborside Inc. (CSE: HBOR), (OTCQX: HBORF) a California-focused, cannabis enterprise, announced plans to install an onsite renewable energy microgrid that is expected to include 4.9 MW of solar panels and 6 MWh ...
Cannabis Brand House TREC Brands to Acquire Licensed Producer Agripharm Corp.
TORONTO - Socially-conscious cannabis brand house TREC Brands announced it has entered into a definitive agreement to acquire Agripharm Corp., a licensed producer of consumer cannabis products with existing provincial supply agreements covering 75% of ...
Sana Botanicals, LLC Announced the Launch of FORCE™ 3000mg Full-Spectrum 30ml CBD Tincture at $29.99
JOELTON, Tenn. - Sana Botanicals, LLC's founding member and product marketing specialist, Will Daugherty, announced that Sana Botanicals is releasing their most powerful, full-spectrum CBD tincture at $29.99 retail pricing. After five years of making ...
Maine’s Cannabis Industry Reports $59 million In First Year Of Sales
AUGUSTA– The Maine Office of Marijuana Policy published sales data from the first full year since adult-use sales began. Maine's adult-use cannabis industry reported more than $58 million in sales in its first year of ...
Governor Newsom Vetoes Cannabis Billboard Advertising
SACRAMENTO– A bill attempting to permit advertising cannabis on billboards in California, was vetoed by Gov. Gavin Newsom last Friday. The bill would have allowed cannabis products to be advertised on freeway billboards in most ...
Cannabis Test Kits Start Sale To Parents in Advance of Halloween
SAN DIEGO - A company called Verifique announced they have Halloween cannabis Test Kits. Their service went live the week of October 5, and their kits are aimed at parents across North America in preparation ...
Cannabis Capital Markets Roundup Week Ending October 8th, 2021
NEW YORK- Welcome to the week that was on Highly Capitalzied. Here's a round up of latest financial news moving the cannabis stock markets. Week ending October 8th, 2021. 1) Tilray Inc (NASDAQ:TLRY) Tilray's Q.1 revenue ...
On November 2nd, Detroiters Can Vote Yes on Proposal E To Decriminalize Plant Based Medicine
DETROIT - According to Michigan law, cannabis, psilocybin and other plant based medicines are currently listed as schedule 1 controlled substances. That means you can be arrested and face massive fines and extensive jail time ...
Sunniva Announces Change of Auditor
VANCOUVER, BC - Sunniva Inc. (CSE: SNN) (OTC Pink Sheets: SNNVF) announced that the board of directors of the Company has appointed GreenGrowth, Chartered Professional Accountants, as the Company's new auditor, replacing MNP LLP, Chartered ...
