You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. Friends, In... Read more
SNDL Announces Agreement to Acquire The Valens Company to Create Leading Vertically Integrated Cannabis Platform CALGARY, AB and KELOWNA, BC, Aug. 22, 2022 /PRNewswire/ – SNDL Inc. (Nasdaq: SNDL) (“SNDL”) and The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS) (“Valens”) are pleased to announce today that they have entered... Read more
Agrify Completes Previously Announced Credit Facility Modification New Terms Provide Company with Additional Flexibility to Pursue Long-Term Growth Initiatives BILLERICA, Mass., August 19, 2022 – Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced it has... Read more
Statistics Canada released June retail sales for the country, with cannabis sales increasing from May by 0.7% to C$377.5 million, despite one less day. May was revised from C$375.8 million to C$373.6 million. The sales were up 23% from a year ago, up from the 19.5% May growth rate and above the lowest... Read more
Unrivaled Brands Reports Second Quarter 2022 Financial Results SANTA ANA, Calif., Aug. 19, 2022 (GLOBE NEWSWIRE) — Unrivaled Brands, Inc. (OTCQX: UNRV) (“Unrivaled” or the “Company”), a multi-state vertically integrated company focused on the cannabis sector with operations in California and Oregon, yesterday reported its second quarter 2022 financial... Read more
Exclusive Interview with Greenlane CEO Nick Kovacevich Greenlane Holdings (NASDAQ: GNLN) is making progress on its consumer house of brands strategy as it navigates cannabis industry headwinds. The ancillary company is selling non-core assets and strategically improving its liquidity. CEO Nick Kovacevich last spoke to New Cannabis Ventures at... Read more
A top Thailand official has a clear message to would-be tourists who are considering a cannabis-filled visit to the southeast Asian country: Don’t bother. “We don’t welcome those kinds of tourists,” Thailand’s health minister Anutin Charnvirakul said Wednesday while talking to reporters, as quoted by CNN. The country has... Read more
Workers at British Columbia’s only wholesaler and distributor of regulated cannabis products went on strike this week, leaving the province’s legal pot shops scrambling to ensure they have enough product to keep their doors open. Workers with the British Columbia General Employees’ Union (BCGEU), which represents about 33,000 service industry... Read more
Draft rules were published on the Federal Register on Aug. 15, which guides medical examiners (MEs) who conduct physical examinations for commercial drivers, and are responsible for certifying drivers for the U.S. Department of Transportation (DOT). Called the “Qualifications of Drivers: Medical Examiner’s Handbook and Medical Advisory Criteria Proposed... Read more
One South Dakota reservation, the Pine Ridge Indian Reservation, allows legal cannabis, though they still ban alcohol from within the reservation borders. In 2020, the Oglala Sioux Tribe overwhelmingly voted to legalize recreational and medical cannabis. The site has banned alcohol for the last 100 years, and they aren’t... Read more
