Guest post by Erik Ott, Partner at KO Acquisitions The latest news on cannabis M&A transactions in the US might make one wonder if more deals are falling apart than are closing. In Q4 2019, over US$1 billion in M&A deals were terminated by Multi-State Operators (MSOs), including: Cresco... Read more
MediPharm Labs Files Statement of Claim BARRIE, Ontario, Jan. 24, 2020 (GLOBE NEWSWIRE) — MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) (“MediPharm Labs” or the “Company”) today announced that its wholly owned subsidiary, MediPharm Labs Inc., has filed a statement of claim (the “Claim”) in the Ontario... Read more
A city council member has proposed that Detroit extend its decision to temporarily opt-out of Michigan’s newly legal recreational cannabis market while a plan to ensure local participation in the industry is created. The proposed ordinance, introduced by Councilman James Tate at a meeting of the council on Monday,... Read more
“Landscapes are changing, and the Cherokee Nation needed to modernize its HR policies to reflect those changes,” said Principal Chief Chuck Hoskin Jr. in a January 15 press release. The communication was meant to inform the public that Hoskin’s tribal association would be leaving space for its employees to... Read more
A Vermont lawmaker wants to relax the laws surrounding psychedelics. In a bill introduced Wednesday, state Rep. Brian Cina took the first step toward decriminalizing psilocybin, peyote, ayahuasca and kratom, with the legislation alluding to them as “certain drugs commonly used for medicinal, spiritual, religious, or entheogenic purposes.” The... Read more
SAN DIEGO, January 23, 2020–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that it has commenced a public offering of 2,000,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 300,000 shares of its... Read more
Exclusive Interview with Cresco Labs CEO Charlie Bachtell New Cannabis Ventures last spoke with Cresco Labs (CSE: CL) (OTCQX: CRLBF) CEO Charlie Bachtell in early 2018. Since then, Cresco has transitioned from a private company to a publicly traded one, significantly grown its team and executed in the M&A... Read more
The city government of Toronto spent more than $350,000 to blockade unlicensed cannabis shops with slabs of concrete last summer, according to a city official. Senior communications adviser Alex Burke said that a total of $361,459.49 was spent to install and then reinstall large concrete blocks that barred entry... Read more
Sicilian cannabis patients may be celebrating after news dropped yesterday that the region’s medical marijuana supplies would be free to certain qualified program participants. Sicily’s top health administrator Ruggero Razza signed a decree that patients with chronic or neuropathic pain, cerebral palsy, or multiple sclerosis will qualify for the... Read more
Cresco Labs Announces Signing of Senior Secured Credit Agreement Initial Drawdown of up to US$100 million expected end of January; Agreement Includes Mutual Option to Increase to up to US$200 million CHICAGO-January 23-(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis... Read more
