Newsfeeds Archive - Page 19 of 65

2 minute read

SEC Green Lights Public Listing Of Texas Cannabis Co. That Will Use AI In Clinical Trials

December 15, 11:09 AM

Cannabis Bioscience, a Houston-based clinical research company, has announced plans to conduct cannabis clinical trials using artificial intelligence (AI) programs. The company aims to optimize the research processes and promote the use of cannabinoid therapies as a first option for patients. Proceeds from a stock offering by selling shareholders will be used to fund these trials.

CBIH

2 minute read

Colombia’s President Wants Weed Legalized Despite Senate Opposition: Prohibition Increases ‘Profits Of Drug Trafficking, Violence’

By Jelena Martinovic

December 15, 9:21 AM

The Colombian Senate has put on hold a measure seeking to legalise marijuana, despite it having advanced through the Chamber of Representatives and a Senate committee. Colombian President Gustavo Petro objected to the decision, arguing that it would increase the profits of drug trafficking and its violence. If lawmakers decide to implement the reform, they will have to start the two-year legislative process from scratch next year.

CLVR

2 minute read

Burna Boy’s Vapor Products Go Global: When Are They Hitting Nigeria, Ghana, South Africa, EU & UK?

By Jelena Martinovic

December 14, 12:43 PM

Ispire Technology Inc., a vaping technology company, has entered into a five-year exclusive global manufacturing and distribution agreement with lifestyle brand BrkFst. Under the agreement, Ispire will distribute and commercialize BrkFst branded vapor products, including a range of unique varieties and flavors. The products will be initially launched in Nigeria, Ghana, and South Africa, with plans to expand to the European Union and United Kingdom in 2024. Ispire is known for its innovation in vaping technology and holds over 500 patents in the industry. This collaboration aims to offer consumers exclusive vaping technologies and products.

HPCO

2 minute read

NBA Legend Isiah Thomas & Stephen Marley Team Up To Bring Personal Care CBD Products To LatAm

By Jelena Martinovic

December 14, 10:20 AM

Bob Marley's son, Stephen Marley, and business partner Shelly O'Neill have teamed up with Isiah Thomas' One World Products to sell their CBD-enriched skincare product range, Kx Family Care, into the Colombian and Latin American markets. Under the collaboration, One World will produce, market, and distribute the products throughout Colombia and the surrounding regions.

OWPC

2 minute read

Drive-Thru Cannabis Sales Help C21: Same-Store Sales Up, But Revenue Down In Q3

By Jelena Martinovic

December 14, 9:36 AM

C21 Investments reported a 4.5% year-over-year and a 3.9% sequential decrease in revenue to $6.9 million for the third quarter ended October 31. The Vancouver-based company also reported a sequential increase in same-store sales. Gross profit totaled $2.7 million, down from $3.9 million in the prior year's quarter, and the net loss was $376,150 compared to net income of $248,507 in the same period last year. C21 Investments generated $0.9 million of adjusted EBITDA, unchanged from the prior quarter, and cash at the end of Q3 was $1.9 million, unchanged since the start of the year.

CSE:CXXI

3 minute read

Alabama Regulator Grants Most Coveted Medical Cannabis Licenses To Five Applicants As Legal Dust Finally Settles

By Jelena Martinovic

December 13, 1:22 PM

Nearly two weeks after granting 20 medical cannabis licenses for the production, distribution and testing of medical marijuana, the Alabama cannabis regulator has voted to award the most coveted permits – the integrated facility licenses, which allow for vertical integration – to five applicants out of 33. On Tuesday, Dec. 12, the Alabama Medical Cannabis Commission gave the green light to Trulieve Alabama Inc. - part of Trulieve Cannabis Corp. - Sustainable Alabama, LLC; Wagon Trail Med-Serv, LLC; Flowerwood Medical Cannabis, LLC; and Specialty Medical Products of Alabama.Alabama Always filed a new and third lawsuit against the Commission in Montgomery County Circuit Court.However, Judge Anderson denied the temporary restraining order request by Alabama Always.

CSE:TRUL

2 minute read

Curaleaf Will Ring Opening Bell At Toronto Stock Exchange To Celebrate Landmark Listing

By Jelena Martinovic

December 13, 11:41 AM

Curaleaf Holdings, Inc. announced on Tuesday that it has complied with all the conditions listed in the conditional listing approval delivered by the Toronto Stock Exchange in connection with the listing of its subordinate voting shares on the TSX. The cannabis giant said the shares will commence trading on the TSX on Thursday, Dec, 14. under the ticker symbol "CURA." It will celebrate the milestone by ringing the opening bell of the TSX in Toronto on the same day.In connection with the TSX listing, the shares will be delisted from the Canadian Securities Exchange (CSE) at the close of markets on Wednesday, Dec. 13.

CSE:CURA

2 minute read

Canopy Growth To Consolidate Shares To Meet NASDAQ Requirements

By Jelena Martinovic

December 13, 10:39 AM

on one post-consolidation common share for every ten pre-consolidation common shares. The consolidation, which has been previously approved by the company's shareholders at their annual general and special meeting of shareholders on Sept. 25, is being implemented to ensure that the company continues to comply with the listing requirements of the Nasdaq Global Select Market, the Smiths Falls, Ontario-based company said in a press release. Now, the consolidation is subject to approval by the Toronto Stock Exchange (TSX) and is expected to become effective on Friday, Dec.15, with the post-consolidation common shares commencing trading on the TSX and the Nasdaq at market open on Wednesday, Dec. 20, subject to final confirmation from the TSX and the Nasdaq.

CGC

2 minute read

Tilray’s Solei Takes Tea To A New Level With Three Premium Cannabis-Infused Blends

By Jelena Martinovic

December 13, 9:52 AM

Tilray Brands, Inc. announced on Wednesday the latest seasonal release from its cannabis wellness brand, Solei. Solei introduced three new cannabis-infused tea blends, including Decaffeinated Jasmine Green Tea, Spiced Starlight, and Chai Rooibos.The new launch follows the introduction of Solei's inaugural tea collection, including Peach Ginger Green Tea, Lavender Chamomile, and Mint Tea, focused on intentional consumption around its cannabinoid variations of CBD, CBN, and THC.

TLRY

3 minute read

Capitalizing On Plant-Based Trend: Cultured Foods Acquisition Allows This US Hemp Co. To Expand In Europe

By Jelena Martinovic

December 12, 5:52 PM

CV Sciences announced on Tuesday that it has consummated its purchase of Cultured Foods, a leading manufacturer and distributor of alternative plant-based vegan foods. The total consideration for the acquisition of Cultured Foods is up to $535,000.The acquisition creates an opportunity for the importation of Cultured Foods to the US and establishes a European base of operations for the sale and distribution of +PlusCBD products, opening doors to numerous new retail and distributor partners.

CVSI