Multistate marijuana operator Acreage Holdings is getting $100 million to shore up a hemp-focused subsidiary, part of a restructuring announced Thursday with Canadian marijiana giant Canopy Growth Corp. Canopy announced plans to acquire Acreage last year. The restructuring includes a loan from Canopy so that Acreage’s hemp subsidiary, called... Read more
A Canadian biotechnology hemp company is entering an agreement with a Spanish company to produce and distribute a THC-free, high -CBG variety of the plant in Canada. Ottawa-based Cannabis Orchards’ partnership with Hemp Trading to get the hemp variety, called Panakeia, into the Canadian market comes after “successful distribution”... Read more
Canopy Growth & Acreage Holdings Agree to Modify Plan of Arrangement as Canopy Growth’s U.S. Expansion Continues Canopy Growth and Acreage agree to amend plan of arrangement to provide potential additional upside for all shareholders Amended arrangement provides for up-front cash payment to Acreage shareholders and certain convertible security... Read more
Cresco Labs Announces Retirement of Ken Amann and Appointment of Dennis Olis as Chief Financial Officer Mr. Amann to remain in an advisory role as part of the planned transition CHICAGO-June 25, 2020-(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis... Read more
Exclusive Interview with Greenlane Co-Founder and CEO Aaron LoCascio Cannabis accessories distributor Greenlane Holdings (NASDAQ: GNLN) launched its IPO last April. Today, the ancillary company is continuing to grow through its different business segments. Co-Founder and CEO Aaron LoCascio spoke with New Cannabis Ventures about Greenlane’s different revenue channels,... Read more
The Department of Cannabis Regulation (DCR) in the City of Los Angeles is making a big push for a comprehensive overhaul of certain parts of the City’s cannabis licensing protocols and its Social Equity Program. Los Angeles has been through the ringer on cannabis legal reform from the inception of the passage of Measure M […]
Ryan Allway June 25th, 2020 Psychedelics, Top News The psychedelics industry is projected to grow from about $2 billion in 2019 to nearly $7 billion by 2027, according to Data Bridge Market Research, representing a 16.3% compound annual growth rate. With ongoing clinical trials and support from the FDA,... Read more
Ryan Allway June 25th, 2020 Indiva introduces Bhang® CBD Milk Chocolate and INDIVA™ CBD Softgels LONDON, Ontario, June 25, 2020 (GLOBE NEWSWIRE) — Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) is pleased to announce the introduction of two new CBD offerings to its product portfolio. Bhang® CBD Milk... Read more
Ryan Allway June 25th, 2020 LOS ANGELES and TORONTO, June 24, 2020 (GLOBE NEWSWIRE) — The Tinley Beverage Company Inc. (“Tinley” or the “Company”) is pleased to announce that its Phase 3 bottling facility in Long Beach, California has passed all remaining municipal inspections. The facility has received a... Read more
Ryan Allway June 25th, 2020 SAN MATEO, Calif., June 25, 2020 (GLOBE NEWSWIRE) — Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) (the “Company” or “PLUS”), a cannabis and hemp branded products company in the U.S., today announced the expansion of its recently launched wellness and relief brand, PLUS CBDRelief, with... Read more
