On Friday, the U.S. House passed a $3-trillion relief bill aimed at the economic pressures of the coronavirus pandemic. Included in the bill was the legislative language of the SAFE Banking Act, which would allow cannabis businesses to work freely with banks. The stimulus bill is known as The... Read more
Kelowna, B.C., May 14, 2020 – PRESS RELEASE – Valens GroWorks Corp., a developer and manufacturer of cannabinoid-based products, has announced that it has signed a distribution agreement with Cannvalate Pty Ltd., Australia’s largest medicinal cannabis distributor and clinical research organization, with a current estimated market share of almost 50%... Read more
Like many other ballot initiative campaigns across the country, Nebraskans for Medical Marijuana faced a great deal of uncertainty as the COVID-19 pandemic left circulators unable to gather signatures. As state officials began to loosen coronavirus restrictions, the campaign announced plans to resume its signature drive while maintaining strict... Read more
Declining sales coupled with a spike in operating expenses have resulted in a loss for Charlotte’s Web, the Denver-based cannabidiol (CBD) manufacturer, in the first quarter of 2020. The company recently released its Q1 earnings for 2020, reporting a loss of $11 million versus a profit of $2.3 million... Read more
A Seattle maker of CBD for pets and a holistic pet company that sold branded CBD treatments called the “Zen Pen” are now embroiled in a legal battle over shelf stability and expiration dates. Sage Fulfillment sued Earth Animal Ventures Inc. in April, accusing the Connecticut company of failing to purchase the... Read more
Green Growth Brands Obtains Initial Order Under Companies’ Creditors Arrangement Act COLUMBUS, Ohio, May 20, 2020 (GLOBE NEWSWIRE) — Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) announced today that it and certain of its direct and indirect wholly owned subsidiaries (collectively “GGB”, the “Company” or the “Applicants”) have... Read more
Trulieve Reports Strong Operational Results and Record Revenue in the First Quarter of 2020 Market leading presence in Florida fueled record revenue growth TALLAHASSEE, FL, May 20, 2020 /CNW/ – Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the... Read more
In our ongoing coverage of trademark litigation in the cannabis space, we now have a lawsuit filed by National Grange against the Oregon-based Hemp Grange. The National Grange of the Order of Patrons of Husbandry (or the National Grange) is the nation’s oldest agricultural fraternal organization. The National Grange is a “family, community organization with […]
THC.CSETHCBF – OTCTFHC.F VANCOUVER, May 20, 2020 /PRNewswire/ – THC BioMed Intl Ltd. (“THC BioMed” or the “Company“) is pleased to announce that it will begin this week to ship its ready-to-drink Cannabis Beverage Shot, THC KISS, to the legal adult recreational cannabis market. THC BioMed’s first shipment of THC Kiss will head to Saskatchewan, with shipments to B.C.... Read more
