Newsfeeds Archive - Page 2 of 65

2 minute read

Here’s Where To Buy Legal Weed: Nevada’s Deep Roots Harvest Has New Owner, Shops In Three States That Just Launched Sales

June 10, 8:47 PM

C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF) has completed the previously announced acquisition of a 6,500-square-foot, purpose-built, operational retail cannabis dispensary in South Reno, Nevada. The company's wholly-owned Nevada subsidiary, Silver State Relief, LLC, bought Deep Roots Harvest, Inc. in a $3.5 million deal.Higher Collective, a cannabis retail brand "committed to social equity," announced the grand opening of its fifth location in Torrington, Connecticut . From The Earth State Line in Kansas City, Missouri kicked off cannabis sales recently.Schwazze,opened its 35th New Mexico dispensary last week.

CSE:CXXI

2 minute read

Here’s How To Enhance Marijuana Therapies: KindlyMD And Curaleaf Collab Provide More Resources And Information To Utah Patients

By Jelena Martinovic

June 10, 1:51 PM

Healthcare data company KindlyMD, Inc. (NASDAQ: KDLY) has teamed up with the U.S. cannabis giant Curaleaf Holdings, Inc. (TSX: CURA)(OTCQX: CURLF) to provide educational resources and information with a community perspective on holistic pain management and treatment. KindlyMD said its providers will debut the KindlyMD Complete Care program, under which patients in Utah County and its surrounding areas would have the option to more easily access the medical cannabis care options offered by Curaleaf pharmacists.Tim Pickett, PA-C, founder and CEO at KindlyMD, said the goal of the new collaboration with CUraleaf is addressing the issue of the nation's opioid crisis and "negative impacts of addiction and overdose."

CURLF

2 minute read

Germany Sets THC Limits For Drivers, Opposition Groups Say It’s Too High

By Jelena Martinovic

June 7, 11:22 AM

Lawmakers in Germany have set a maximum allowed limit of THC – tetrahydrocannabinol, a psychoactive substance found in the cannabis plant- for drivers to have in the blood. The Bundestag, the country's lower house of parliament, introduced this week a limit of 3.5 nanograms per milliliter. As DW highlighted that's an equivalent to 20 milligrams of alcohol per 100 milliliters of blood. The decision builds on a recommendation by an expert panel commissioned by the Transport Ministry.

ACB

2 minute read

Tilray Ramps Up Its Cannabis Portfolio In Canada, Wins International Spirits Competition

By Jelena Martinovic

June 6, 10:39 AM

Tilray Brands, Inc. (NASDAQ: TLRY) (TSX: TLRY) announced on Thursday the launch of 'Purple Churro,' by Redecan cannabis.The new sativa offers "a sweet, indulgent experience with a potent twist and boasting THC levels," the Canadian cannabis giant said in a press release.Purple Churro is a cross of Cinnamon Horchata and Apples & Bananas, featuring a blend of sweet vanilla and cinnamon-tasting notes.In the meantime, the company's liquor business is celebrating two wins at the 15th annual New York International Spirits Competition. Tilray's subsidiary Breckenridge Distillery was a winner at Colorado American Blended Whiskey Distillery of the Year and Double Gold for Breckenridge Port Cask Finish.

TLRY

2 minute read

Canopy Growth Announces $250M At-The-Market Equity Program

By Jelena Martinovic

June 6, 9:58 AM

Canopy Growth Corporation (NASDAQ: CGC) announced on Thursday that it has established an at-the-market equity program under which it can issue and sell up to $250 million worth of its common shares from treasury from time to time in concurrent public offerings in the United States and Canada.The Canadian cannabis giant said that any of its common shares sold in the ATM program will be sold in transactions made directly on the Nasdaq or the TSX or on any other available U.S. or Canadian trading market. Canopy will set the volume and timing of sales under the program, with the common shares being distributed at market prices prevailing at the time of each sale or certain other prices.

ACRHF

2 minute read

Global Weed Business: Flora Buys Australian Vaporizers As IM Cannabis Doubles Down On Germany

By Jelena Martinovic

June 5, 1:48 PM

Lifeist Wellness Inc. (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF) said on Wednesday the sale of Australian Vaporizers Pty Ltd., its wholly owned Australian subsidiary to Flora Growth Corp. (NASDAQ: FLGC).The sale, first announced in September 2023, was wrapped up through a share purchase agreement, under which Lifeist has sold the issued and outstanding shares of Aussie Vapes to Flora, for roughly CA$900,000 ($658,439). The sum is payable by Flora issuing from treasury to Lifeist 550,000 of its common shares.In the meantime,

CSE:IMCC

2 minute read

Craft Cannabis Co. Grown Rogue Expands In This Booming East Cost Weed Market Via New Acquisition

By Jelena Martinovic

June 5, 11:30 AM

Grown Rogue International Inc. (CSE: GRIN) (OTC: GRUSF) has obtained licensing approval with the New Jersey Cannabis Regulatory Commission and closed its first option to acquire 44% of ABCO Garden State, LLC on Friday, May 31.Obie Strickler, the company's CEO, said "All regulatory approvals from the CRC have been received and we exercised and closed our option to acquire 44% of ABCO."Under the deal, Grown Rogue has an option to acquire 70% of ABCO through two options, including Option 1 and Option 2, for 44% and 26%, respectively.

CSE:GRIN

2 minute read

Acreage Announces $10M Private Placement Of Units Ahead Of Acquisition By Canopy

By Jelena Martinovic

June 5, 10:03 AM

Acreage Holdings, Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) announced on Wednesday it's seeking to secure $10 million in finding.The New York-based company said in a press release that it has entered into subscription agreements with certain institutional investors to issue units by way of a brokered private placement for $833.33 per unit.

ACRDF

2 minute read

Cannabis Joint Venture Looks To Capitalize On Marijuana Beverages As Growing Alternative To Alcohol

By Jelena Martinovic

June 4, 2:05 PM

Flora Growth Corp. (NASDAQ: FLGC) has formed a joint venture with Althea Group Holdings (ASX: AGH) to debut in the hemp-derived beverage market.Peak USA JV LLC is designed to capitalize on current commercial opportunities in the beverage market in the U.S.It will utilize and combine Flora's U.S.-based CPG team with Althea's Peak Processing Solutions - which is a recognized operator in the cannabis-infused beverages space. Peak has a 40% market share in Canada.

FLGC

3 minute read

Canopy Growth Doubles Down On Its USA Strategy, Announces Exercise of Acreage Options

By Jelena Martinovic

June 4, 12:51 PM

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced on Tuesday today that the option to acquire all of the issued and outstanding Class E subordinate voting shares of Acreage Holdings, Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), has been exercised.The latest move is by the terms of the arrangement agreement dated April 18, 2019, as amended, between Canopy Growth and Acreage.In connection with the arrangement agreement dated October 24, 2022, by and among Canopy Growth, Canopy USA, LLC and Acreage, as amended, in respect of the Class D subordinate voting shares of Acreage, on closing, Canopy USA will acquire all of the fixed shares and floating shares and Acreage will become a wholly-owned subsidiary of Canopy USA.

ACRDF