Standard Wellness CEO Jared Maloof Takes a Methodical Approach to Scaling April 12, 2022 Tom Hymes Company Stories, Multiple State Operators, Spotlight 0 Comments Founded in 2017 by CEO Jared Maloof and friends, Cleveland, Ohio-based Standard Wellness is a vertically integrated multistate operator of modest size that as much as any of its larger peers has its finger on the pulse of local cannabis… Read More→
From WeWork to Weed: Artie Minson Joins LeafLink as President, COO April 5, 2022 Tom Hymes Company Stories, Spotlight 0 Comments LeafLink, the New York-based online wholesale marketplace for the cannabis industry whose platform links and provides services to over 40 percent (10,000+) of the industry’s brands, distributors, and retailers, recently announced the addition of Artie Minson to its executive team… Read More→
Cannabis Ancillary Würk Adds 401(k) to Its SaaS-based HCM Toolbox March 28, 2022 Tom Hymes Company Stories, HR and Staffing, Spotlight 0 Comments As the industry’s overall reach and the relative size of its companies continue to grow, ancillary companies like Denver, Colorado-based Würk add much-needed guarantees and efficiencies to cannabis operations that managers in other industries take for granted. A SAAS-based Human… Read More→
Cresco Labs to Buy Columbia Care in $2 Billion Cannabis Deal March 23, 2022 AggregatedNews Mergers & Acquisitions, Spotlight 0 Comments Deal will expand Cresco reach to 17 states, up from 10, Marijuana industry is consolidating amid U.S. legal hurdles Cresco Labs Inc. plans to buy Columbia Care Inc. for about $2 billion in one of the largest cannabis industry mergers yet.… Read More→
Four Tips for Becoming a First Mover in New Jersey’s Adult-Use Cannabis Market March 17, 2022 Ryan Douglas Cultivation, Spotlight 0 Comments New Jersey's recreational cannabis market is expected to launch soon and become one of the largest legal marijuana markets on the East Coast. Like any new cannabis program in a populous state, there's likely to be a shortage of cannabis… Read More→
Five Business Tips for NY Hemp Growers Transitioning to High-THC Cannabis March 7, 2022 Ryan Douglas Cultivation, Hemp Business Executive, New York, Spotlight 0 Comments Last month, New York governor Kathy Hochul signed into law a unique licensing program that will allow the state's hemp growers to cultivate high-THC cannabis. The goal is to slowly phase into the state's recreational cannabis market and avoid the… Read More→
Ascend Wellness Holdings: A Vertical MSO with an East Coast State of Mind March 2, 2022 Tom Hymes Company Stories, Multiple State Brands, Multiple State Operators, Spotlight 0 Comments Ascend Wellness Holdings Inc. (AWH) (CSE: AAWH.U, OTCQX: AAWH) is a vertically integrated MSO with retail operations in five states – Illinois, Michigan, Massachusetts, New Jersey, and Ohio – and eyes firmly set on New York. Founded in 2018 by… Read More→
Safe Harbor Financial Enters SPAC Territory with a Proven Fintech Model Primed for Expansion February 23, 2022 Tom Hymes Banking, Finance & Real Estate, Spotlight 0 Comments If there is a better name for Safe Harbor Financial than, well, Safe Harbor Financial, I cannot think of it. What this rare Denver, Colorado-based Credit Union Service Organization (CUSO) does and has been doing since 2015 is precisely and… Read More→
Branding and the MSO’s Cultivation Conundrum February 21, 2022 Ryan Douglas Cultivation, Spotlight 2 Comments How can multistate operators (MSOs) develop a genuine cannabis flower brand when the interstate transport of THC is prohibited? If a brand promises uniform quality, how does an MSO guarantee that a gram of Sour Diesel sold at their California… Read More→
A High Tide of Discount Club Cannabis is Headed to the U.S. from Canada February 14, 2022 Tom Hymes Company Stories, Spotlight 1 Comment Forget the bridge-blocking Canadian truckers! A discount membership club for cannabis is on its way to the United States from Canada, and it looks to be on steroids, courtesy of Raj Grover and High Tide Inc. (NASDAQ: HITI) (TSXV: HITI)… Read More→
IM Cannabis is Building a Brand-based Supply Chain for the EU (and Maybe the World) February 10, 2022 Tom Hymes Company Stories, Spotlight 0 Comments I originally was scheduled to interview Rinat Efrima, the newly appointed Israeli CEO for IM Cannabis Corp. (CSE:IMCC) (NASDAQ:IMCC), or IMC, but when I jumped on the call I was greeted by CEO and founder Oren Shuster, who informed me… Read More→
Binske CEO Jake Pasternack Built a Quality Brand MSO on a Foundation of IP February 2, 2022 Tom Hymes Company Stories, Multiple State Brands, Spotlight 0 Comments Founded in Colorado in 2015 by Miami-born-and-raised brothers, Jacob and Alex Pasternack, Binske (silent 'e') is that rarest of cannabis entities, a brand MSO. Unlike product MSOs or vertical MSOs, which typically own and operate oodles of licenses in various… Read More→
The REIT Stuff: AFC Gamma CEO Leonard Tannenbaum on Institutional Lending in Cannabis January 20, 2022 Tom Hymes Company Stories, Spotlight 0 Comments At the tail-end of our recent phone interview, I mentioned to Leonard Tannenbaum, founder, partner, and CEO of West Palm Beach, Florida-based AFC Gamma (NASDAQ: AFCG), that the term “boutique REIT” had popped into my head as he was explaining… Read More→
The Valens Company CEO Tyler Robson on Creating a One-Stop-Shop for Cannabis January 12, 2022 Tom Hymes Company Stories, Spotlight 0 Comments The Valens Company (NASDAQ/TSX: VLNS) is a Kelowna, BC-based cannabis multi-state company with a very distinctive structure and objective. At first glance, it may look like just another extraction company but look again and its shape shifts into that of… Read More→
U.S. Cannabis Council CEO Steve Hawkins on the Federal Lobbying Group’s Goals for 2022 January 4, 2022 Tom Hymes News & Insights, Organizations & Associations, Spotlight 0 Comments A 501(c)4 nonprofit based in Washington, D.C., the United States Cannabis Council (USCC), launched a mere 11 months ago with the mandate “to advance social equity, end the federal prohibition of cannabis, modernize federal and state regulations and promote high… Read More→