PRESS RELEASE NEW YORK, Feb. 23, 2021 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage” or “Company”) (CSE: ACRG.A.U, ACRG.B.U), (OTC: ACRHF, ACRDF) announced today that Glen Leibowitz, Acreage’s Chief Financial Officer, is leaving the Company, effective April 2, 2021. Glen, who was a key player in establishing Acreage as a leading participant in the developing […]
Press Releases
Top Cannabis Businesses, Associations, and Advocacy Organizations Join Forces to Launch U.S. Cannabis Council
PRESS RELEASE A Coalition of Leading Companies and Advocates, USCC Aims to Advance Social Equity and Racial Justice, and End Federal Cannabis Prohibition WASHINGTON–(BUSINESS WIRE)– Top cannabis businesses, associations, and advocacy organizations in the United States today launched the U.S. Cannabis Council (USCC), a 501(c)4 nonprofit organization that strategically aligns and unifies its members’ collective […]
BGP Acquisition Corp. Announces Completion of U.S. $115,000,000 Initial Public Offering Including the Full Exercise of the Over-Allotment Option
PRESS RELEASE VANCOUVER, BC, Feb. 4, 2021 /CNW/ – BGP Acquisition Corp. (“BGP“) is pleased to announce the closing of the initial public offering (the “Offering“) of 11,500,000 class A restricted voting units (“Class A Restricted Voting Units“) (including 1,500,000 Class A Restricted Voting Units issued pursuant to the exercise in full of the over-allotment option) at […]
Fluence Hires Jordon Musser as Chief Product Officer
PRESS RELEASE AUSTIN, Texas–(BUSINESS WIRE)–Fluence by OSRAM (Fluence), a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and agriculture production, announced the appointment of Jordon Musser to chief product officer. Musser joins Fluence from Dallas, Texas-based Flex Lighting Solutions, a division of Flex that provides LED high-bay fixtures to commercial and industrial […]
Cresco Labs Hires PepsiCo Veteran and Supply Chain Expert Ty Gent as Its New Chief Operating Officer
PRESS RELEASE CHICAGO–(BUSINESS WIRE)– Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced the hiring of CPG industry veteran Ty Gent as the Company’s new Chief Operating Officer (“COO”). As COO, Gent will be responsible for operational consistency and efficiency across markets […]
Jushi Holdings Inc. Expands Retail Footprint in California
Press Release Signs definitive agreements to acquire an operating dispensary in Palm Springs and a retail license holder in Grover Beach Entered into a long-term lease agreement and plans to commence construction in Culver City BOCA RATON, Fla., Jan. 14, 2021 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS: JUSHF), […]
Cresco Labs to Expand Into Florida Through Acquisition of Bluma Wellness Inc.
PRESS RELEASE The Company will now have meaningful operations in all 7 cannabis markets that fall within the top 10 most populated states in the U.S. CHICAGO – January 14, 2021 — Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), one of the largest vertically integrated, multistate cannabis operators in the United States, and […]
Innovative Industrial Properties Acquires Massachusetts and Washington Properties and Enters Into Long-Term Leases with 4Front
PRESS RELEASE IIP Expands Portfolio to 66 Properties Comprising 5.4 Million Square Feet in 17 States SAN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisitions of a […]
Flower One Provides Update On Convertible Debenture Interest Payment
PRESS RELEASE Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, announced today that it does not intend to make the applicable interest payments due on December 31, 2020 related to its Unsecured Convertible Debentures issued in March 2019 and […]
Acreage Holdings Names Peter Caldini, Former President Pfizer North America Consumer Healthcare, as CEO
PRESS RELEASE NEW YORK, Dec. 18, 2020 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage”or “Company”) (CSE: ACRG.A.U, ACRG.B.U), (OTC: ACRHF, ACRDF) is pleased to announce that Peter Caldini has been appointed as the Company’s Chief Executive Officer. He officially joins Acreage on Monday, December 21st. Peter brings an ideal mix of capabilities and experience to […]
Aphria and Tilray Combine to Create Largest Global Cannabis Company With Pro Forma Revenue of C$874 Million (US$685 Million)
PRESS RELEASE Complementary, Scalable Medical and Adult-Use Cannabis Businesses Strengthen Leadership Position in Canada; Expands U.S. and International Reach through World-Class Cultivation, Manufacturing, Diversified Product Portfolio and Distribution Footprint Robust Supply Chain and Operational Efficiencies Expected to Generate Approximately C$100 Million of Pre-Tax Annual Cost Synergies Aphria and Tilray to Host a Conference Call and […]
Verano Holdings Enters into an Agreement for a Go-Public Transaction in Conjunction with AltMed Merger
PRESS RELEASE CHICAGO – December 15, 2020 – Verano Holdings, LLC (“Verano” or the “Company”), a leading multi-state cannabis operator, today announced it has entered into a definitive agreement to consummate a go-public transaction in Canada (the “Transaction”). The Transaction will be effected by Verano participating in a reverse takeover (the “RTO”) of Majesta Minerals […]
Clever Leaves Successfully Delivers First Shipment of EU GMP certified Cannabis derived Pharmaceuticals from Colombia to Germany
PRESS RELEASE Clever Leaves expands global capabilities and development of market specific pharmaceutical products NEW YORK, Dec. 10, 2020 (GLOBE NEWSWIRE) — Clever Leaves (“Clever Leaves”), a leading multi-national operator and licensed producer of pharmaceutical-grade cannabinoids, today announced it has successfully delivered the first shipment of EU GMP certified cannabis standardized extract from Colombia to Germany, […]
Columbia Care Completes Acquisition of Project Cannabis
PRESS RELEASE NEW YORK–(BUSINESS WIRE)–Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”) announced that it has completed its acquisition of Project Cannabis, a leading cannabis cultivator, wholesaler and retailer based in Los Angeles, California. Total transaction consideration includes approximately $52.5 million in Columbia Care stock and an […]
Curio Wellness Launches Investment Fund to Combat Diversity and Inclusion Challenges within Cannabis Industry
PRESS RELEASE $30 Million in Capital will Provide 50 Diverse Entrepreneurs with Up to Ninety-Three Percent of the Capital Needed to Open a Curio Franchise in any one of eight states. December 01, 2020 09:00 AM Eastern Standard Time TIMONIUM, Md.–Curio Wellness today announced a new funding program that will provide start-up capital for minority […]
Jushi Holdings Inc. Announces Significant Expansion of Pennsylvania Cultivation Facility
PRESS RELEASE Company to triple grower-processor’s canopy from ~33,000 sq. ft. to ~98,000 sq. ft. in fast-growing market; Increase total facility size from ~90,000 sq. ft. to ~160,000 sq. ft. BOCA RATON, Fla., Nov. 23, 2020 – Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS: JUSHF), a vertically integrated, multi-state cannabis operator, announced […]
Cresco Labs Announces Record Revenue of $153.3 Million, Growth of $59 Million or 63% QoQ, and Adjusted EBITDA1 of $46.4 Million
PRESS RELEASE Company affirms position as the largest wholesaler of branded products in the industry with $90.5 million in wholesale revenue Record revenue of $153.3 million, 63% growth QoQ, an absolute increase of $59 million Record adjusted EBITDA1 of $46.4 million, 182% growth QoQ Record cashflow from operations of $17.8 million Retail revenue growth of […]
Realm of Caring, in Collaboration With Johns Hopkins, and Bloom Medicinals Develop Partnership for Cannabis Therapy Research
PRESS RELEASE Cannabinoid Research Nonprofit Partners With Multistate Dispensary Operator to Serve as a Data Resource for Medical Marijuana Research Across the Country DENVER–(BUSINESS WIRE)– Realm of Caring (RoC), a nonprofit dedicated to cannabinoid research, educational programs and services, is pleased to announce a one-year partnership with Bloom Medicinals, a multistate operator of medical cannabis […]
Harvest Health & Recreation Inc. Reports Third Quarter 2020 Financial Results
PRESS RELEASE Third quarter revenue was $61.6 million, up 86% from the third quarter 2019 and 11% sequentially Third quarter adjusted EBITDA was $10.5 million, compared to $4.1 million in the second quarter of 2020 2020 revenue target increased to greater than $225 million, up from $215- 220 million PHOENIX, November 10, 2020 — […]
BDSA Launches Retail Sales Tracking Service for the $2.5B Canadian Cannabis Market in Partnership with Buddi
PRESS RELEASE Canada Represents World’s Largest Nationally Legal Market and 20% CAGR Through 2025 BOULDER, Colo., Oct. 7, 2020 — BDSA announces the expansion of its cannabis retail sales tracking coverage to include Canada, the world’s largest nationally legal cannabis market. BDSA forecasts Canada’s cannabis industry revenues will total $2.5 billion (CAD$3.3 billion) in 2020 […]
Government of Colombia Declares Clever Leaves Colombia as ‘Project of National and Strategic Interest’
PRESS RELEASE Priority Status Highlights Government Support; Accelerates Execution of Strategic Projects and Regulatory Processes NEW YORK, Sept. 23, 2020 (GLOBE NEWSWIRE) — Clever Leaves (the “Company”), a leading multi-national operator and licensed producer of pharmaceutical-grade cannabinoids, announced today that its Colombian operations have been named a Project of National and Strategic Interests (“PINE”) by […]
Innovative Industrial Properties Acquires Florida Property and Expands Real Estate Partnership with Parallel, a U.S. Cannabis Company
PRESS RELEASES SAN DIEGO–(BUSINESS WIRE)– Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Lakeland, Florida from an affiliate of Parallel, one of the largest […]
Cresco Labs Bolsters Leadership Team With Three Senior Promotions
PRESS RELEASES David Gacom, Melissa Wagamon and Sean McAlister, who move into Regional President roles, will lead the business across the platform while strengthening the company’s geographic footprint Cresco Labs promotes David Gacom, Melissa Wagamon and Sean McAlister to Regional President positions. CHICAGO – September 17, 2020 — Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the […]
Wana Brands and Terrapin Care Station support Street Wise Boulder
PRESS RELEASE Nonprofit Street Art Festival aims to harness the power of murals as a tool for change within the Boulder Community Boulder, Colo. (Sept. 2, 2020)—Wana Brands, America’s No. 1 infused-edibles company, and Terrapin Care Station, a consumer-focused cultivator, processor and provider of high-quality cannabis products, have teamed up as title supporters of the […]
Innovative Industrial Properties Acquires Michigan Property and Expands Real Estate Partnership with Holistic Industries
PRESS RELEASE IIP Expands Property Portfolio to 62 Properties in 16 States Comprising Over 4.7 Million Square Feet AN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition […]
Resource Innovation Institute Launches PowerScore Comply for State Regulatory Agencie
PRESS RELEASE Massachusetts is first state to leverage energy and water compliance reporting service BOSTON (Sept. 1, 2020)─Resource Innovation Institute (RII) has launched PowerScore Comply, the nonprofit’s compliance reporting service available to governments who require cannabis cultivators to report their annual energy and water use. PowerScore Comply makes it quick and easy for cultivators to […]
Jushi Holdings Inc. Reports Second Quarter 2020 Financial Results
PRESS RELEASE Second Quarter 2020 Revenue Increases 73% Sequentially to $14.9 million; Reports Continued Strong Gross Profit of $7.5 million and Gross Margins of 50%; Announces Filing of Preliminary Base Shelf Prospectus to Provide Financing Flexibility; Provides Updated FY 2020 and FY 2021 Outlook Boca Raton, Florida – August 27, 2020 – Jushi Holdings Inc. […]
Innovative Industrial Properties Expands Real Estate Partnership with AWH at Illinois Property
PRESS RELEASE AN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it entered into an amendment of the lease with a subsidiary of Ascend Wellness Holdings, LLC (AWH) at the property located […]
Maverick Public Relations Expands to Meet Growing Client Roster
PRESS RELEASE Operations and Marketing Communications Leadership Expands Expertise in Areas of Professional Services, Building Efficiency and Legal Cannabis Markets DENVER (August 10, 2020)—Maverick Public Relations, an award-winning boutique public relations and communications agency promoting health, horticulture, science and sustainability customers across North America, is pleased to announce the addition of 20-year agency veteran Stan […]
Cresco Labs Announces Appointment of Carol Vallone to its Board and the Retirement of Brian McCormack
PRESS RELEASE CHICAGO–(BUSINESS WIRE)– Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced additional actions in board refreshment and corporate governance to further strengthen its leadership in the cannabis industry. Appointment of Carol Vallone Cresco has appointed Carol Vallone to its […]
Lightshade Supports Expungement Efforts in Denver
PRESS RELEASE No one should have criminal convictions on their record for low-level cannabis crimes DENVER (July 23, 2020)–Colorado Gov. Jared Polis signed a bill in June aimed at making Colorado’s cannabis industry more accessible to people of color, as well as those who have been convicted of cannabis crimes that are no longer on […]
Innovative Industrial Properties Acquires New Jersey Property and Enters Into Long-Term Lease with Curaleaf
PRESS RELEASE IIP Expands Portfolio to 4.5 Million Square Feet in 16 States SAN DIEGO–(BUSINESS WIRE)– Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in […]
Jushi Holdings Inc. Reports First Quarter 2020 Financial Results
PRESS RELEASE Announces First Quarter 2020 Revenue of $8.6 million, a Sequential Increase of 43%; Gross Profit of $4.2 million, a Sequential increase of 55%; Pre-announces Second Quarter 2020 Revenue of Approximately $15.0 million, a Sequential Increase of 74%; Annualized Revenue Run-Rate for June 2020 of Approximately $69 million BOCA RATON, Fla., July 07, 2020 […]
Cresco Labs Announces Retirement of Ken Amann and Appointment of Dennis Olis as Chief Financial Officer
PRESS RELEASE Mr. Amann to remain in an advisory role as part of the planned transition CHICAGO–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that Ken Amann, who has been the Company’s Chief Financial Officer since 2015, is retiring […]
Acreage Holdings Reports First Quarter 2020 Results
PRESS RELEASE NEW YORK, June 25, 2020 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) today reported financial results for the first quarter of 2020. FIRST QUARTER FINANCIAL HIGHLIGHTS (UNAUDITED) First quarter reported revenue was $24.2 million, an 88% increase compared to the same period in 2019, and a 15% […]
Viola Announces First Harvet and Official Launch of Detroit Cultivation Facility
PRESS RELEASE Limited Edition Celebratory Merchandise Line To Benefit Social Justice Nonprofits LOS ANGELES (June 22, 2020) – Viola, a nationwide leader in the production and sale of premium quality cannabis products, founded by NBA veteran Al Harrington, announced today its first harvest in the company’s Detroit, Michigan cultivation facility. The announcement also marks the […]
Quicksilver Scientific appoints David Durkee Vice President of New Ventures
PRESS RELEASE Beverage industry Chemical Engineer poised to boost product line Louisville, Colo. (June 22, 2020)—David Durkee, Ph.D., has been named Quicksilver Scientific’s Vice President of New Ventures after working for nearly a decade in a wide range of roles at Molson Coors Brewing Company. Quicksilver Scientific, a leader in the field of health and […]
Innovative Industrial Properties Expands Real Estate Partnership with Green Leaf at Pennsylvania Property
PRESS RELEASE SAN DIEGO–(BUSINESS WIRE)– Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it entered into an amendment of the lease with a subsidiary of Green Leaf Medical, LLC (Green Leaf) at 135 […]
Columbia Care Announces Second Tranche of Debt Financing, Raising Over US$54.0 Million in Aggregate
PRESS RELEASE Incremental US$15.7 Million in Senior Secured Convertible Notes and Additional US$4.0 Million in Senior Secured Term Debt Will Exceed US$50.0 Million Target When Combined with First $34.4 Million Tranche Additional Capital Enhances Company’s Cash Position and Bolsters Financial Flexibility in Advance of Expected Transition to Positive Adjusted EBITDA in 2H 2020 NEW YORK–(BUSINESS […]
California’s Local Marijuana Laws Fail to Heed Decades of Lessons from Tobacco Controls
PRESS RELEASE Allowing high potency products, fruit flavored and candy-like products designed to attract youth, aggressive marketing, and a lack of accurate information has led to a market that fails to protect young people from marijuana health risks, says JAMA Network Open study Oakland, CA- A study published today by Public Health Institute (PHI) researchers […]
Jenny Montenegro Named Chief Operating Officer of Indus Holdings, Inc.
PRESS RELEASE Game-changing leader will further Indus Holdings, Inc.’s culture and strategic planning and execution SALINAS, Calif., June 16, 2020 (GLOBE NEWSWIRE) — Indus Holdings, Inc. (“Indus”) (CSE:INDS; OTCQX: INDXF), a leading, vertically-integrated cannabis company, today announced that Jenny Montenegro, its Vice President of Commercialization has been promoted to the role of the company’s Chief Operating […]
4Front Announces Fiscal Year 2019 Fourth Quarter and Year End Financial Results, Preliminary First Quarter 2020 Results and Business Update
PRESS RELEASE Q4 2019 Systemwide Pro Forma Sales of $17.5m, an increase of 525% over Q4 2018. 2019 Full Year Systemwide Pro Forma Sales for 2019 of $63.5m, an increase of 786% over full year 2018. Q1 2020 Systemwide Pro Forma Sales of $23.8m, an increase of 36% over Q4 2019. Robust consumer demand continues […]
Innovative Industrial Properties Acquires Pennsylvania Property and Expands Real Estate Partnership with Holistic Industries
PRESS RELEASE SAN DIEGO–(BUSINESS WIRE)– Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property located at 911 Industrial Street in New Castle, Pennsylvania, which comprises approximately […]
Cresco Labs Announces the Appointment of National Basketball Players Association Executive Director and Renowned Trial Lawyer Michele Roberts to its Board of Directors
PRESS RELEASE Michele Roberts, National Basketball Players Association executive director and esteemed trial lawyer, joins Cresco Labs’ board. CHICAGO–(June 10, 2020)—Cresco Labs (CSE:CL)(OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced that it has welcomed current Executive Director of the National Basketball Players Association (“NBPA”), […]
Caltabiano resigns from Cresco board of directors
PRESS RELEASE Chicago (June 5, 2020)–Cresco Labs co-founder Joe Caltabiano has resigned from the company’s board of directors effective immediately. He previously had left his executive role as president at the company in March but had remained on the board until now. “As a co-founder of Cresco, I’ll admit it’s difficult to leave after watching […]
Quicksilver Scientific partners with Truss to power new Veryvell Drops line
PRESS RELEASE TORONTO (June 3, 2020)—As consumer interest in infused cannabis products continues to grow, Quicksilver Scientific has teamed up with Truss Beverage—a joint-venture between Molson-Coors and Hexo Cannabis—to provide the crucial delivery system for the company’s cannabis line Veryvell Drops, which recently launched in Canada. Expected to be the first in a series of […]
FSD Pharma Receives U.S. FDA Approval to Design a Phase 2a Clinical Trial to Treat Patients with Suspected or Confirmed COVID-19 Diagnosis
PRESS RELEASE TORONTO–(BUSINESS WIRE)– FSD Pharma Inc. (Nasdaq: HUGE) (CSE: HUGE.CN) (FRA: 0K9A) (“FSD Pharma” or the “Company”) today announced that the U.S. Food and Drug Administration (FDA) has given the company permission to submit an Investigational New Drug Application (IND) for the use of FSD-201 (ultramicronized palmitoylethanolamide, or ultramicronized PEA) to treat COVID-19, the […]
Cresco Labs Announces First Quarter 2020 Results
PRESS RELEASE Record revenue of $66.4 million in Q1’20, 60% growth over Q4’19 revenue, 26% growth on the same asset base as net pro-forma Q4’191 Completed largest cultivation expansion in company history adding 6x cultivation space in Illinois and 4x cultivation space in Pennsylvania with incremental first harvests continuing on a rolling basis throughout 2020 […]
Government Agencies Approve MMJ’s Import of Marijuana for Research
PRESS RELEASE ST.PETERSBURG, FL / ACCESSWIRE / May 21, 2020 / Multiple government agencies have cooperated to allow MMJ International Holdings to import cannabis extracts to the United States, for use in potential therapies the company is developing for clinical trials in Huntington’s disease and multiple sclerosis. The cannabis plant makes numerous compounds called cannabinoids, […]
Former Harborside’s CEO, Andrew Berman, joins Nucleus One
Press Release Portland, Maine – Nucleus One, the leading cannabis consulting firm in New England, announced that Andrew Berman has joined the team as an Advisor. Based in San Francisco, California, Andrew Berman will help Nucleus One complement its service offering and thought leadership in the cannabis industry and expand its footprint to the West […]
Athletes for CARE in Partnership with LeagueSide Launches Save Youth Sports Fundraising Initiative
PRESS RELEASE The Athlete-Founded Non-Profit Is Collaborating With LeagueSide, The Nation’s Leading Youth Sports Sponsorship Platform, To Generate Immediate Assistance for Youth Sports Across the Country e future. Philadelphia, Pa.(May 7, 2020) – Athletes For CARE(A4C), in partnership with LeagueSide, is proud to launch #SaveYouthSports, a funding initiative for youth sports. Due to the financial […]
Columbia Care Reports Preliminary First Quarter 2020 Results and Provides Operational Update
PRESS RELEASE Unaudited First Quarter Combined Revenue (1) up 125% Over Prior Year Period and 18% Sequentially Capital Transactions Provide Approximately $45 Million in Liquidity – Additional Transactions Expected to Follow in 2H 2020 NEW YORK–(BUSINESS WIRE)–Columbia Care, Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”) is providing an […]
iAnthus CEO Hadley Ford Resigns, Special Committee Appoints Randy Maslow as Interim CEO
PRESS RELEASE iAnthus Announces Conclusion of Special Committee’s Investigation NEW YORK and TORONTO, April 27, 2020 /CNW/ – iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company“) (CSE: IAN, OTCQX: ITHUF), which owns, operates, and partners with regulated cannabis operations across the United States, announced today that its Board of Directors (the “Board“) has accepted and considered […]
Cannabis Doing Good Launches State-Wide Giving Initiative in Colorado To Support the Communities Most Devastated by COVID-19
PRESS RELEASE DENVER (April 27, 2020)—Cannabis is essential. Essential as a provider of medicine, jobs, recreation, and in the best cases, equity and access. And as an essential sector it is imperative that the industry collectively support community need in the midst of the current COVID-19 pandemic. As of 4/20, CDG Gives has raised nearly […]
Jushi Holdings Inc. Plans to Open Up to Five Additional Dispensaries in Virginia
PRESS RELEASE Virginia Senate bill 976 expands Commonwealth’s cannabis program allowing for up to five additional cannabis dispensing facilities per health service area and removes 5% Cap on the Concentration of THC Permitted to be Contained in Cannabis Oil Jushi’s subsidiary is one of only five applicants to have received conditional approval to operate in […]
Simplifya Closes $1.5 Million in Over-Subscribed Bridge Round; Increases Round to $2.5 Million In Response to Strong Interest from Investors
PRESS RELEASE Denver – April 23, 2020 – Simplifya, the leading provider of regulatory and operational compliance software for the cannabis industry, announced today that it has closed $1.5 million of its currently over-subscribed bridge round. Based on strong interest and preliminary commitments, Simplifya expects to close an additional $1 million as part of the […]
Innovative Industrial Properties Acquires Michigan Property and Expands Real Estate Partnership with Cresco Labs
PRESS RELEASE SAN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Michigan, which comprises approximately 115,000 square feet of industrial space in the […]
California Cannabis Equity Grants Program Provides $30 Million in Grant Funding for Local Jurisdictions
PRESS RELEASE Today, the Governor’s Office of Business and Economic Development (GO-Biz), in partnership with the Bureau of Cannabis Control, announced $30 million in grant funding through the Cannabis Equity Grants Program for Local Jurisdictions. The program focuses on the inclusion and support of individuals in California’s legal cannabis marketplace who are from communities negatively […]
Two-Year Study Spotlights Generational Divides in CBD Use; Boomers Want Proof Points, Gen X are Emerging Fans, Millennials Focus on Wellness
PRESS RELEASE CHICAGO (April 20, 2020) – A new, two-year study from Chicago marketing agency Colman Brohan & Davis, Inc. (CBD Marketing) shines a spotlight on generational differences in the use of non-THC CBD and CBD-infused products . The study also focuses on the important role social media plays in influencing how the “CBD experience” […]
Perfect Union Leads the Way in Coronavirus Bonus Pay Extended to Employees
PRESS RELEASE Extends additional hardship allowance to both UFCW employees and front-line management. SACRAMENTO, Calif.–(BUSINESS WIRE)– Perfect Union, one of the nation’s premier cannabis dispensary operations, announced the extension of their retail-industry leading coronavirus bonus pay program for employees. The company, which operates vertically integrated dispensaries in California, New Mexico, and Rhode Island, began paying […]
Acreage Announces Operational Updates, Executive Resignation, Suspension of Guidance and Termination of Proposed Deep Roots Acquisition
PRESS RELEASE NEW YORK, April 03, 2020 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) today announced a series of operational updates and strategic business decisions related to the significant impact of the COVID-19 pandemic and other uncontrollable factors that have greatly shifted the cannabis landscape. The […]
Helix Technologies Announces Fourth Quarter and FY 2019 Results: Banner Year With Record Revenues, Expanding Gross Margins and Improving Cash Flow From Operations
PRESS RELEASE DENVER, Col., March 30, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Helix Technologies, Inc. (OTCQB:HLIX) (the “Company”) today reported its results for the fourth quarter and fiscal year 2019. “2019 was a pivotal year for Helix Technologies. We made tremendous progress in rolling out our fully integrated suite of services, improved every metric across the […]
Innovative Industrial Properties Acquires Massachusetts Property and Expands Real Estate Partnership with AWH
PRESS RELEASE SAN DIEGO–(BUSINESS WIRE)– Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Athol, Massachusetts, which comprises approximately 199,000 square feet of industrial space. […]
Cronos Group Reports 2019 Fourth Quarter and Full-Year Results
PRESS RELEASE Completed Audit Committee Review and Restated Certain 2019 Unaudited Interim Financial Statements Expanded Canadian distribution to new provinces and product categories across the adult-use market Established Cronos Fermentation, a critical step in advancing the production of cultured cannabinoids in partnership with Ginkgo Bioworks Enhanced research and development capabilities at the Peace Naturals Campus […]
Medicine Man Technologies Provides Company Update and Announces Fourth Quarter and Full Year 2019 Financial Results
PRESS RELEASE Company to Host Conference Call and Webcast Today at 4:30 p.m. ET Company Remains On Schedule with Acquisition Strategy to Roll-up Colorado Cannabis Operators Company Revenue Increases 31% in 2019 Year Over Year DENVER–(BUSINESS WIRE)–Medicine Man Technologies, Inc. (OTCQX: MDCL) (“Medicine Man Technologies” or “the Company”) today provided a company update and announced […]
Surna Reports Q4 2019 and Full Year Results
PRESS RELEASE Announces $15.2 Million in 2019 Revenue and Downsizing of Operations in Response to Coronavirus Boulder, Colorado, March 24, 2020 (GLOBE NEWSWIRE) — Surna Inc. (OTCQB: SRNA) announced today operating and financial results for the three and 12 months ended December 31, 2019. Due to the unprecedented circumstances surrounding the COVID-19 virus and the uncertainty […]
Global CBD Brand Elixonal Appoints New CEO Americas
PRESS RELEASE Westminster, Colo. (March 24, 2020) ─ Elixinol, a global hemp derived CBD brand, announced it has named Tom Siciliano as the organization’s new CEO Americas effective immediately. Siciliano is charged with leading Elixinol’s refined strategy on hemp derived CBD in the Americas region. “We are delighted to appoint a leader with Tom’s strategic, […]
Native Roots Cannabis Co. Issued First-Ever Colorado Marijuana Delivery Permit
PRESS RELEASE Boulder, CO – Last week, Native Roots Cannabis Co. became the first company to receive a newly created marijuana delivery permit from the Colorado Marijuana Enforcement Division. In 2019, lawmakers approved House Bill 19-1234(Reps. Valdez, Singer and Sens. Gonzales, Marble) which allows licensed medical marijuana retailers with permission from their local government to […]
urban-gro, Inc. Files Preliminary Non-Offering Prospectus and Submits Listing Application with the Canadian Securities Exchange
PRESS RELEASE LAFAYETTE, Colo., March 16, 2020 (GLOBE NEWSWIRE) — urban-gro, Inc. (OTCQX: UGRO) (“urban-gro” or the “Company”), a leading engineering design services company that integrates complex equipment systems into high-performance indoor cannabis cultivation facilities around the world, is pleased to announce that it has filed a preliminary non-offering long form prospectus (the “Prospectus”) with […]
Harvest Announces New Funding, Corporate Updates, Management and Board Changes
PRESS RELEASE Private Placement Funding, Progress on ICG Merger, Resignation of Executive Chairman Jason Vedadi and Planned Board Appointments PHOENIX, March 11, 2020 /CNW/ — Harvest Health & Recreation Inc. (CSE: HARV) (“Harvest“), a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., today announced the closing of an initial tranche of […]
Medicine Man Technologies Names Shane Sampson as Chief Marketing and Merchandising Officer
PRESS RELEASE Retail Executive Brings Operational Background with Innovative Marketing, Merchandising and Product Experience to Rapidly Growing Cannabis Company DENVER–(BUSINESS WIRE)–Medicine Man Technologies, Inc. (OTCQX: MDCL) (“Medicine Man Technologies” or “the Company”) today announced Shane Sampson has been named Chief Marketing and Merchandising Officer, reporting directly to Justin Dye, Chief Executive Officer. In this newly […]
Cannabis Trade Federation Founder to Step Down as CEO
PRESS RELEASE Neal Levine is being promoted to the Board of Directors and agreed to continue with the organization as Senior Strategic Advisor WASHINGTON — The Cannabis Trade Federation (CTF), a national coalition of cannabis-related businesses, announced today that Neal Levine has decided to step down as CEO of the Federation. “When I initially accepted this position in June […]
Indiva Partners With Award-Winning Wana Brands, Inc.
PRESS RELEASE Leading U.S.-based cannabis-infused products producer chooses Indiva as first global partner LONDON, Ontario – March 10, 2020: Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) is excited to announce that it has partnered with award-winning Wana Brands (“Wana”) to bring their innovative cannabis-infused products to Canada. Wana is the premiere U.S. edibles company […]
Organigram Expands Leadership Team with the Appointment of Chief Strategy Officer and Newly Appointed Chief Financial Officer
PRESS RELEASE Paolo De Luca, current CFO, appointed Chief Strategy Officer Derrick West, currently on Board of Directors, joins as Chief Financial Officer MONCTON, New Brunswick–(BUSINESS WIRE)– Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. (the “Company” or “Organigram”), a leading licensed producer of cannabis, is pleased to announce that […]
Cresco Labs Announces Resignation of Joe Caltabiano as President
PRESS RELEASE CHICAGO–(BUSINESS WIRE)– Cresco Labs Inc. (CSE:CL)(OTC:CRLBF) (“Cresco Labs” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that Joe Caltabiano has advised the Company of his decision to resign from the position of President effective immediately. Mr. Caltabiano’s management responsibilities will be taken up […]
Tilray, Inc. Reports Fourth Quarter and Full Fiscal Year 2019 Financial Results
PRESS RELEASE Revenue Increased 287% to $167.0 (C$217.4) Million in Full Fiscal Year 2019 Compared to the Prior Year Adult-Use Revenue Increased Over Three-Fold in the Fourth Quarter Compared to the Prior Year Period; 7% Sequential Quarterly Revenue Growth Signed and Closed $60 Million Senior Credit Facility NANAIMO, BRITISH COLUMBIA – Tilray, Inc. (“Tilray” or […]
Medicine Man Technologies Announces Departure of President and Vice Chairman
PRESS RELEASE DENVER–(BUSINESS WIRE)– Medicine Man Technologies Inc. (OTCQX: MDCL) announced today that Andy Williams, president and vice chairman of the Board, has decided to leave the Company to focus on cannabis medical and genetic research, along with pursuing new opportunities in the cannabis industry. Williams, a cannabis entrepreneur, founded the Company in 2014 and […]
NUG Expands Executive Team with New Hires and In-House Promotions
PRESS RELEASE Vertically integrated cannabis company enlists talent with broad experience to support product development and brand growth OAKLAND, CA (February 24, 2020) – NUG, one of the premier diversified cannabis companies in California, is expanding its leadership team with both new hires and in-house promotions of veteran professionals with deep experience in the cannabis, […]
Cannabis Use Among Older Adults has Increased 75 Percent Since 2015
PRESS RELEASE Cannabis use continues to increase in popularity among adults 65 years of age and older in the United States, according to a new study from NYU Grossman School of Medicine. Published today in JAMA Internal Medicine, researchers estimate that cannabis use in adults age 65 and older increased from 2.4 percent to 4.2 […]
Emerald Scientific Announces Leigh White as New CEO
PRESS RELEASE SAN LUIS OBISPO, CA, Feb. 18, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Emerald Scientific, LLC (“Emerald”), the cannabis industry’s most distinguished distributor of high-quality scientific supplies to cannabis testing laboratories, announced today the promotion of its Chief Financial Officer, Leigh White, to Chief Executive Officer. White will lead the Emerald Scientific team […]
Three New Standards Aim to Support Cannabis Facility Security
PRESS RELEASE W. CONSHOHOCKEN, Pa., Feb. 13, 2020 – Three new ASTM International standards aim to support security for cannabis businesses. The standards cover video surveillance systems, access control systems, and intrusion detection systems. “Cannabis businesses and facilities have unique needs related to protecting cannabis products and waste as well as the people and assets […]
Pax Labs Appoints Michael Murphy as President and CEO
SAN FRANCISCO–(BUSINESS WIRE)–PAX Labs, Inc. has announced the appointment of Michael Murphy as the company’s president and CEO. Murphy brings more than 35 years of professional experience in providing improved operational and financial consulting services to CPG and technology companies. Prior to joining PAX, he was a Managing Director for international consulting firm AlixPartners and […]
USDA Announces Details of Risk Management Programs for Hemp Producers
PRESS RELEASE WASHINGTON, D.C., February 6, 2020 – The U.S. Department of Agriculture (USDA) today announced the availability of two programs that protect hemp producers’ crops from natural disasters. A pilot hemp insurance program through Multi-Peril Crop Insurance (MPCI) provides coverage against loss of yield because of insurable causes of loss for hemp grown for […]
Agritek Holdings, Inc. Announces Filing for Name Change to Contrarian Real Estate Acquisition Corp. and Moves to Complete Uplisting for $5M Equity Line Financing
PRESS RELEASE LOS ANGELES, CA, Jan. 30, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Agritek Holdings, Inc. (AGTK) www.AgritekHoldings.com, a fully integrated, active real estate investor for the cannabis sector, today announced that the Company expects to file next week with the SEC and FINRA to formally change its name from Agritek Holdings Inc. to “Contrarian […]
State of Colorado pilot program connects breweries and cannabis cultivators to capture and reduce greenhouse gas emissions
PRESS RELEASE Denver, Colo. (Jan. 29, 2020): The State of Colorado, Earthly Labs, Denver Beer Co., and The Clinic announced today a new pilot program to establish the first commercial exchange of recovered carbon dioxide, a greenhouse gas. The pilot program captures and stores excess carbon dioxide produced during the beer fermentation process for later […]
Flexibility for the states is key to hemp’s future says state ag officials
PRESS RELEASE Arlington, VA, January 29, 2020 Today, the National Association of State Departments of Agriculture (NASDA) submitted final comments to the U.S. Department of Agriculture (USDA) Agricultural Marketing Service (AMS) on the Establishment of a Domestic Hemp Production Program interim final rule (Rule). The Agricultural Improvement of Act of 2018 (2018 Farm Bill) provided […]
National Cannabis Industry Association Releases Extensive Report on Vaping Illness and Related Policy
PRESS RELEASE Report contains detailed information on proximate causes and provides recommendations for displacing the illicit market and minimizing potential for future public health issues WASHINGTON, D.C. – In response to an outbreak of respiratory illnesses primarily associated with unregulated cannabis vape cartridges found in the illicit market in recent months, the National Cannabis Industry […]
Cresco Labs Closes Sale-and-Leaseback With Innovative Industrial Properties for Ohio Facility
PRESS RELEASE CHICAGO–(BUSINESS WIRE)– Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it has closed on the agreement to sell its Yellow Springs, OH property to Innovative Industrial Properties, Inc. (“IIP”). The sale (previously announced on November 26th) […]
New Report: Cannabis Concentrate Sales Plummet Post-Vape Crisis, Threatening Market on Track to Break $10 Billion in 2024
PRESS RELEASE Concentrate sales down 25% in two months; but likely to rebound in 2020 as consumers rely on legal market products BOULDER, Colo.–(BUSINESS WIRE)–According to “Cannabis Vaping: Opportunities in an Uncertain Future,” released today by Arcview Market Research and BDS Analytics, cannabis vape sales plummeted from a peak of $160 million in August 2019 […]
Cresco Closes Acquisition of Origin House, Adding Leading California Wholesale Distribution and Cultivation Operations to Its Strategic National Footprint
PRESS RELEASE Establishes Cresco as one of the largest wholesale distributors in California. Expected to enable Cresco to continue developing its house of brands in one of the largest and most influential legal cannabis markets in the world. Combines two industry-leading cultivation, branding and distribution teams. CHICAGO–(BUSINESS WIRE)– Cresco Labs Inc. (CSE: CL, OTCQX: CRLBF) […]
Akerna Names John Fowle CFO
PRESS RELEASE Established SaaS and Business Services Professional Brings 20 Years of Experience to Role DENVER, Dec. 23, 2019 (GLOBE NEWSWIRE) — Akerna (Nasdaq: KERN), a leading cannabis compliance technology provider and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), has named John Fowle, chief financial officer (CFO). […]
Curaleaf Appoints Tracy Brady Vice President, Corporate Communications at Curaleaf Holdings, Inc.
PRESS RELEASE WAKEFIELD, Mass., Dec. 16, 2019 /PRNewswire/ — Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading vertically integrated cannabis operator in the United States, today announced that Tracy Brady will become Vice President, Corporate Communications at Curaleaf Holdings, Inc., effective immediately. Tracy brings over 20 years of experience executing […]
Emerald Scientific Announces Leigh White as Chief Financial Officer
PRESS RELEASE SAN LUIS OBISPO, CA, Dec. 16, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Emerald Scientific, LLC (“Emerald”), the cannabis industry’s most distinguished distributor of high-quality scientific supplies to cannabis testing laboratories, announced today the appointment of its new Chief Financial Officer, Leigh White. White brings over two decades of building and leading innovative companies […]
Medicine Man Technologies Acquisiton Target, MedPharm, to Launch a Landmark Randomized Clinical Trial Taking Aim at Treating Alzheimer’s with Cannabis
PRESS RELEASE DENVER–(BUSINESS WIRE)–Medicine Man Technologies Acquisiton Target, MedPharm, to Launch a Landmark Randomized Clinical Trial Taking Aim at Treating Alzheimer’s with Cannabis (Graphic: Business Wire) MedPharm will be exploring the action of a research-based, scientifically formulated compound containing cannabinoids and nootropic nutrients in patients diagnosed with Dementia and Alzheimer’s. The study will encompass patient […]
Founders of Preeminent California Cannabis Law Firm Frontera Join Top-ranked National Cannabis Law and Policy Firm Vicente Sederberg LLP
PRESS RELEASE VS significantly expands California operations with addition of partners Luke Stanton and Jeffrey Welsh in Los Angeles and associate attorney Christina Sava in Oakland LOS ANGELES — The founders of preeminent California cannabis business firm Frontera Law Group have joined top-ranked national cannabis law and policy firm Vicente Sederberg LLP. Luke K. Stanton […]
Tilray® Expands Global Leadership Team with New Manitoba Harvest President
Former Mattel and General Mills executive, Katy Dickson, joins Tilray’s leadership team as Manitoba Harvest President to continue global growth for hemp foods NANAIMO, B.C. – Today, Tilray, Inc. (NASDAQ: TLRY), a global pioneer in cannabis production, research, cultivation and distribution, announced the expansion of its global senior leadership team with the appointment of Katy […]
Cresco Labs Announces Increased Profitability in Third Quarter 2019 With Revenue Growth of 184% Year-Over-Year and 21% Quarter-Over-Quarter
PRESS RELEASE Conference Call with Investors and Analysts to be Held at 6:00 p.m. Eastern Time Today CHICAGO–(BUSINESS WIRE)– Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco” or the “Company”) one of the largest vertically integrated multistate cannabis operators in the United States, today released its unaudited financial results for the third quarter […]
Akerna Names Alex Shah CTO
PRESS RELEASE Technology Industry Veteran Brings Wide-Ranging Expertise to the Role DENVER, Nov. 27, 2019 (GLOBE NEWSWIRE) — Akerna Corp. (Nasdaq: KERN), a leading cannabis compliance technology provider and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), has named Ashesh C. Shah (Alex), chief technology officer (CTO). As […]
Rebuke: FDA warns 15 companies for illegally selling various products containing cannabidiol as agency details safety concerns
PRESS RELEASE WASHINGTON–(BUSINESS WIRE)–In response to an alert from the U.S. Food and Drug Administration (FDA), “What You Need to Know (And What We’re Working to Find Out) About Products Containing Cannabis or Cannabis-derived Compounds, Including CBD,” and a news release, “FDA warns 15 companies for illegally selling various products containing cannabidiol as agency details […]
New Cannabis Consumer Report Highlights Growing Usage for Health and Wellness
PRESS RELEASE —Survey results indicate that cannabis is becoming an integral part of a healthy lifestyle— DENVER (Nov. 25, 2019) ─ Cannabis is becoming destigmatized as more active lifestyle participants are using cannabis for exercise, recovery, and to maintain general health and wellness, according to research conducted by Clear Path Market Research on behalf of […]
