Exclusive Interview with MedMen Chairman and CEO Tom Lynch The MedMen (CSE: MMEN) (OTCQX: MMNFF) story has been shaped by its many public problems, but the company’s Chairman and CEO, Tom Lynch, is looking to leave those legacy issues behind. He is leading the company through a restructuring process... Read more
While recreational marijuana sales have soared in 2021 as Massachusetts emerges from the pandemic, business complications and governmental actions have slowed the pace of the industry’s growth, cannabis advocates say. Massachusetts legalized marijuana in 2016, becoming the seventh state to do so, but only licensed sales in 2018. “Right out... Read more
For Christopher Fevry, the CEO and co-founder of cannabis delivery company Your Green Package, October has brought a milestone of crossing 2,500 deliveries. After starting delivery with NETA over the summer, Your Green Package is also working with Garden Remedies now, and is doing 30-plus deliveries per day, Fevry... Read more
4Front Ventures Announces Accretive Acquisition of Massachusetts Based New England Cannabis Corporation Expected to add significant accretion to 2022 EBITDA and beyond More than doubles 4Front’s total flower canopy in important limited-license state of Massachusetts Fully operational 55,000 sq. ft. cultivation facility adds scale and depth in the State Cash... Read more
Cannabis dispensaries in Massachusetts will no longer be permitted to offer curbside pickup of recreational marijuana purchases to their customers after state regulators allowed an emergency rule permitting the practice to expire. At a meeting of the Massachusetts Cannabis Control Commission on September 17, regulators voted to extend some... Read more
A former mayor of a city in Massachusetts was charged with extorting prospective cannabis business owners, among other charges, and sentenced to numerous years in prison. Jasiel F. Correia II, former mayor of Fall River, Massachusetts, first took on the role at 23 years of age in 2016. During... Read more
Exclusive Interview with Verano Holdings Co-Founder, Chairman and CEO George Archos Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) Co-Founder, Chairman and CEO George Archos last spoke with New Cannabis Ventures in March, shortly after the company’s public debut. The company went public to more easily pursue M&A, and Verano... Read more
Jushi Holdings Inc. Completes Nature’s Remedy Acquisition and Officially Enters Massachusetts Market Jushi Holdings Inc. Completes Acquisition of Massachusetts-Based Nature’s Remedy Negotiates Revised Transaction Terms Resulting in 4.3 million Fewer Shares Issued Adds Vertically Integrated Operator with Two Retail Dispensaries and a Cultivation and Manufacturing Facility Officially Enters Its... Read more
AFC Gamma Expands Existing Senior Secured Credit Facility With Devi Holdings, Inc. by $30 Million Supporting Continued Growth of its Existing Borrower; AFC Gamma Commits $62.5 Million under Expanded Credit Facility WEST PALM BEACH, Fla., Sept. 13, 2021 (GLOBE NEWSWIRE) — AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced... Read more
Cresco Labs Closes Acquisition of Cultivate, Strengthens Position in Massachusetts CHICAGO-September 03, 2021 -(BUSINESS WIRE)–Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or the “Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, announced today the closing of the Company’s previously announced acquisition... Read more
