By Jonathan Bench, Attorney at Harris Bricken One of the most fundamental questions facing any businessperson in the cannabis industry and every other industry is: “What type of business entity should I use?” This is such a loaded question that your lawyer or accountant will first respond with, “That depends,” and then they will need […]
LLC
Business Law: Amending LLC and Partnership Agreements Protect Against the New IRS Audit Rules
For those of you with business partnerships (including LLCs taxed as partnerships) filing an IRS Form 1065 U.S. Return of Partnership Income, this blog contains important news for you. Treasury Regulations implementing the centralized partnership audit regime under the Bipartisan Budget Act of 2015 (the “BBA Procedures”) were published earlier this year. The BBA Procedures […]
C-BeyondHealth, LLC Partners With Next Frontier Biosciences To Bring Advanced Cannabinoid Formulations To The Medicinal Cannabis Market
PRESS RELEASE Innovative Formulations and Delivery Methods Designed for Improved Administration Offer Patients Better and Safer Options GOLDEN, COLORADO, March 27, 2019— C-BeyondHealth, LLC and Next Frontier Biosciences are working together to bring patients a premium line of medicinal cannabinoid-based products with a focus on superior quality, consistency, and effectiveness. Together, the companies intend to […]
Harvest Health & Recreation to Acquire Verano, Creating One of the Largest U.S. Multi-State Cannabis Operators
PRESS RELEASE One of the Largest U.S. cannabis consolidations in history will give Harvest the right to operate up to 200 facilities across 16 states and territories Brings together geographically complementary, market-leading MSOs focused on quality, sound operations and value creation for shareholders March 11, 2019 – Phoenix, AZ and Chicago, IL – Harvest Health & Recreation, […]
4Front Strengthens Platform with Acquisitions in Massachusetts and Arizona
Press Release The acquisitions of Healthy Pharms and Greens Goddess increase 4Front’s national footprint and position it well in the Massachusetts and Arizona markets PHOENIX – Feb. 26, 2019 – 4Front Holdings, LLC (“4Front”), a leading retail and brand development company in the U.S. cannabis sector, has closed two recent acquisitions that expand its national […]
Medical marijuana grows hope in Cotton Plant
COTTON PLANT, Ark. – Patients in Arkansas are still not able to buy medical marijuana. But, there is a cultivation facility that is actively growing the plant. Bold Team, LLC has set up shop in the Woodruff County town of Cotton Plant. The downtown drag is lined with empty buildings and street signs falling apart. […]
The Lean, Mean and Green Harvest Health & Recreation Machine
By Rob Meagher CBE recently had the opportunity to meet with Jason Vedadi, Chairman of Harvest Health & Recreation (CSE: HARV) and Steve White, CEO. This is a story about two driven men, with complimentary skill sets and a shared vision, who have a strategic plan to become the dominant player in the Cannabis Industry while running […]
Essence Cannabis Dispensary Awarded Record Number of New Licenses in the State of Nevada
PRESS RELEASE LAS VEGAS, Nev. – December 11, 2018 – Essence, Las Vegas’ largest marijuana dispensary and cultivation operation, is pleased to announce it was awarded a record number of new dispensary licenses in the state of Nevada, one of the only limited license, adult-use cannabis markets in the U.S. Essence applied for and was […]
4Front and Cannex Capital Announce Transformational Business Combination to Create Operations-Focused Industry Leader
PRESS RELEASE Cannex’s proven large-scale cultivation and manufacturing leadership combined with 4Front’s retail platform, business development and executive team will create a multi-state vertically integrated powerhouse Vancouver, BC and Phoenix, AZ, November 26, 2018 – Cannex Capital Holdings Inc. (“Cannex” or the “Company”) (CSE: CNNX / OTCQX: CNXXF) and 4Front Holdings, LLC (“4Front”) are pleased to announce that […]
Applied Inventions Management Corp. Announces Completion of its Continuance to British Columbia and Name Change and Completion of Subscription Receipt Financing
PRESS RELEASE TORONTO and NEW YORK, Nov. 13, 2018 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (the “Company”), formerly Applied Inventions Management Corp., and High Street Capital Partners, LLC (d/b/a Acreage Holdings) (“Acreage”) are pleased to announce that, further to their September 21, 2018 announcement regarding the business combination pursuant to which, among other things, Acreage […]
Cresco Labs Expands Arizona Footprint With Acquisition of Cultivation, Processing and Dispensary Assets
PRESS RELEASE Cultivation Footprint Now Approaching 1,000,000 Square Feet (Chicago, IL) – October 29, 2018 – Cresco Labs, one of the largest multi-state vertically integrated cannabis operators in the United States, today announced its acquisition of licenses and assets in the state of Arizona. This marks Cresco Labs’ second acquisition in Arizona, adding two cultivation […]
4Front Raises $31M In Oversubscribed Funding Round
PRESS RELEASE PHOENIX, Oct. 25, 2018 — 4Front Holdings, LLC (“4Front”), a leading U.S. cannabis retail and brand development company, is pleased to announce that it has completed a private placement of equity securities for gross proceeds of approximately $31 million (the “Offering”). Due to strong investor demand, the Offering size was increased from its initial amount of $15 million. […]
Cannabis Strategies Acquisition Corp. Announces Proposed Qualifying Transaction
As a follow-up to the story CBE posted on April 11, 2018, “The Largest Cannabis Industry IPO to Date: Cannabis Strategies Acquisition Corporation (CSAC)” , CSAC issued the following press release this past Thursday. PRESS RELEASE Highlights of the Transaction CSAC has executed agreements to acquire 5 existing companies to create an anchor portfolio (the “Anchor […]
Multi-State Cannabis Company Green Thumb Industries (GTI) to Begin Trading on the Canadian Securities Exchange June 13 Under Ticker Symbol “GTII”
PRESS RELEASE Capital Allocation, Strategic Growth and Shareholder Value Remain Top Priorities Chicago, June 12, 2018 (GLOBE NEWSWIRE) — Green Thumb Industries (“GTI”), a multi-state cannabis cultivator, dispensary operator and consumer packaged goods company that produces and distributes a portfolio of cannabis branded products, announces that it will begin trading June 13 under the ticker […]
True Leaf Exercises Option to Purchase 40-acre Site in Lumby, B.C. to Build Cannabis Production Facility
PRESS RELEASE Construction to begin with 25,000 sq. foot hydroponic medicinal cannabis production facility VERNON, BC – (January 2, 2018) – True Leaf Medicine International Ltd. (“True Leaf”) (CSE: MJ) (FSE: TLA) (OTCQB: TRLFF), has exercised its option to purchase 40 acres of land that encompasses its facility in Lumby, B.C. through its wholly owned subsidiary […]
2017 Recap and New Year’s Wishes from Cannabis Industry Leaders!
The cannabis industry began 2017 with a high degree of optimism but also a great deal of uncertainty. The fall of 2016 saw tremendous movement towards legalization with new initiatives in the form of full legalization in California, Nevada, Maine and Massachusetts. Four other states, Arkansas, Florida, Montana and North Dakota moved towards legalization of […]
Colorado’s Most Trusted Cannabis Company, incredibles, Launches a Line of Triple Tested, Healthy Alternative Wellness Products for the Medical Marijuana Patient
PRESS RELEASE Powerhouse Cannabis Brand, incredibles, Debuts Its Trusted New incredible Wellness Product Line Throughout Colorado with High MG Suppositories and Tinctures Along with 1:10 THC:CBD Vapes, Aromatherapeutic Bath Salts and Topicals DENVER, Nov. 10, 2017 /PRNewswire/ — Pioneering cannabis brand incredibles (licensed by MC Brands LLC. and manufactured by Medically Correct, LLC in Colorado), […]
GTI Maryland Sues Maryland Medical Cannabis Commission for Illegally Removing Pre-Approval of GTI’s Grower License That Was Based on Expert Review
PRESS RELEASE Just 48 Hours After Voting 5-0 to Accept RESI’s Top 15 Recommendations, Commission Subcommittee Met Behind Closed Doors, Reversed Course and Improperly Substituted a Lower-Ranking Applicant for GTI September 20, 2016 (Baltimore, MD) – GTI Maryland, LLC announced at a press conference today that it has filed a lawsuit against the Maryland Medical […]
