The Cannabis Catch-Up is a convenient and easy to read daily summary of the top cannabis stock news.
We’ve scanned the newsfeeds of all the important marijuana stocks and put together this recap so you don’t have to.
Top News Stories for Monday, September 16, 2019:
Cresco Labs to Acquire Tryke Companies, Announces $73,500,000 Offering
Cresco Labs (CSE: CL) (OTCQX: CRLBF) announced the signing of a purchase agreement to acquire certain assets from Tryke Companies, a vertically integrated seed-to-sale cannabis company, including six prime Reef Dispensary locations in Nevada and Arizona, expanded licensed cultivation and process capacity in Las Vegas and Phoenix and entry into the Utah market.
Cresco also announced the filing of a shelf prospectus of 7,350,000 units at a price of C$10.00 for gross proceeds of $73,500,000 CDN.
Trulieve Set to Open its 33rd Dispensary in Florida
Trulieve Cannabis (CSE: TRUL) (OTCQX: TCNNF) is set to open the doors of its new dispensary in Key West on Tuesday, September 17th.
As the company’s 33rd physical storefront in Florida, the dispensary will directly serve patients living in the Florida Keys, continuing Trulieve’s mission of expanding and ensuring patient access.
Village Farms Joint Venture Pure Sunfarms Starts Shipping Branded Cannabis to OCS
Village Farms (TSX: VFF) (NASDAQ: VFF) announced its 50%-owned JV Pure Sunfarms, has begun shipping branded dried cannabis products to the Ontario Cannabis Store (OCS), for retail sale in Ontario.
Pure Sunfarms expects its first products to be available at licensed retailers in Ontario and through the OCS website this month.
HEXO’s Agnes Kwasniewska Wins Master Grower of the Year at Inaugural Grow Up Awards
HEXO Corp. (TSX: HEXO) (NYSE: HEXO) announced its Master Grower, Agnes Kwasniewska, was recognized as the first-ever Master Grower of the Year at the Grow Up Conference and Expo Awards.
The award recognizes professional cannabis growers whose dedication to their craft consistently produces top-quality crops for the marketplace.
Source: Shutterstock
Valens GroWorks to Sell Cannabis Oil Shoppers Drug Mart
Valens GroWorks (TSXV: VGW) (OTCQX: VGWCF) announced it entered a supply agreement to sell cannabis oil products to the online medical cannabis ecommerce site of Shoppers Drug Mart, Medical Cannabis by Shoppers.
“Valens is proud to be chosen as the first third party extraction and product development company to supply cannabis oil products to one of the most recognized pharmacy retailers in Canada.” said Tyler Robson, CEO of Valens.
iAnthus Opens 9th Dispensary in Florida, 27th Overall
iAnthus (CSE: IAN) (OTCQX: ITHUF) announced the opening of its dispensary in Bonita Springs, Florida.
This brings the company’s total number of dispensaries in Florida to 9 and its system-wide total to 27.
Spectrum Therapeutics and Santé Cannabis Launch Medical Cannabis Training Program in Quebec
Spectrum Therapeutics, the medical division of Canopy Growth (TSX: WEED) (NYSE: CGC) announced today at the new Santé Cannabis clinic and research centre in Montréal that it has partnered with Santé Cannabis to launch its Prescriber Training Program.
This new program developed by Santé Cannabis provides physicians with the most up-to-date clinical guidelines, support networks, online and in-person training opportunities so they can prescribe and monitor cannabinoid treatment plans with confidence.
MedMen Begins Nevada Delivery Service
MedMen (CSE: MMEN) (OTCQX: MMNFF) announced the start of its delivery program for all its Nevada locations. The company’s delivery service is the most robust of its kind boasting over 300 products.
MedMen already launched the delivery service in California last month and has plans to expand the program nationwide.
Emerald Health’s JV Pure Sunfarms Begins Shipping to the Ontario Cannabis Store
Emerald Health (TSXV: EMH) (OTCQX: EMHTF) announced that its 50%-owned joint venture Pure Sunfarms launched its Pure Sunfarms branded products and introduced eight strains of dried cannabis flower for the Canadian adult-use market.
It has also begun shipping branded dried cannabis products to the Ontario Cannabis Store (OCS) for retail sale in Ontario.
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