Aleafia Completes First Transaction with CannTrust Under Their 15,000 kg Cannabis Supply Agreement: Aleafia Health Inc. (TSXV: ALEF) (OTCQX: ALEAF) (FRA: ARAH) has sold two cannabis crops to CannTrust Holdings Inc. (TSX: TRST) (OTCPK: CNTTF), together, representing the first transactions under the Parties’ previously announced 15,000 kg cannabis supply agreement for 2019.
The two crops purchased by CannTrust were harvested at Aleafia’s indoor Port Perry cultivation facility. They will supplement CannTrust’s offering of high-quality cannabis for its growing medical patient base, which now includes more than 58,000 registered customers, and CannTrust’s four recreational brands: liiv, Synr.g, Xscape and Peak Leaf. The Cannabis Investor
MPX Shareholders Overwhelming Approve iAnthus Merger: iAnthus Capital Holdings, Inc. (CSE: IAN) (OTCQX: ITHUF) and MPX Bioceutical Corporation (CSE: MPX) (OTCQX: MPXEF) are pleased to announce that at the special meeting of MPX securityholders held today, MPX Securityholders voted overwhelmingly in favour of a special resolution to approve the previously announced plan of arrangement under the Business Corporations Act (British Columbia) between iAnthus and MPX whereby iAnthus will acquire all of the issued and outstanding common shares of MPX pursuant to the terms of an Arrangement Agreement between iAnthus and MPX dated October 18, 2018. Obtaining approval from the MPX Securityholders is one of the primary conditions to completing the Arrangement. The Cannabis Investor
Privateer Holdings Does Not Plan to Register, Sell or Distribute Any of Its 75 Million Shares of Tilray in the First Half of 2019: Privateer Holdings Inc., the world’s first and leading private equity firm investing exclusively in the emerging legal cannabis industry, today issued the following statement, strongly emphasizing that it does not have plans to register, sell or distribute the 75 million shares that Privateer owns in Tilray, Inc. (NASDAQ: TLRY) when the lock-up expires next week. The Cannabis Investor
Trulieve Opens 24th Dispensary in Florida: Trulieve Cannabis Corp. (CSE: TRUL) (OTCPK: TCNNF), Florida’s leading medical marijuana provider, is opening the doors on its newest location Monday, the dispensary a first for St. John’s County and the company’s 24th in Florida. The Cannabis Investor
Organigram Continues to Chart Course to Launch of Cannabis Edibles, Partners with Canada’s Smartest Kitchen to Develop Premium Chocolate Products: Organigram Holdings Inc. (TSXV: OGI) (OTCQX: OGRMF), the parent company of Organigram Inc., a leading licensed producer of cannabis has partnered with Canada’s Smartest Kitchen (CSK), a leader in food product development, to expand the Company’s ongoing research and development related to edible cannabis products. Following the legalization of adult use recreational cannabis in Canada in 2018, cannabis edibles are expected to be legalized later in 2019 with the draft amendments to The Cannabis Act for edibles having been issued by the Federal Government for public consultation on December 20, 2018. Organigram’s initial strategic product development work with CSK will focus on the chocolate confectionery market. Newswire.ca
TILT Holdings Announces Closing of Blackbird Deal: TILT (CSE: TILT) (OTC: SVVTF) closed the acquisition of Blackbird Holdings Corp. Blackbird is a distribution company providing logistics operations and software solutions for each touchpoint in the cannabis supply chain. The acquisition further supports TILT’s expansion of offerings for both cannabis business owners and consumers. Consideration paid for the acquisition is approx. US $50 million.. Blackbird supports more than 250 wholesale and retail cannabis operators in Nevada and California to transport an average of $30 million in wholesale cannabis products every 30 days. In addition to back-end delivery and operations solutions for cannabis dispensaries, Blackbird has a consumer marketplace for cannabis delivery and pick-up called BlackbirdGo, in Nevada and California, which connects dispensaries and brands with access to more than 95,000 legal consumers. www.businesswire.com
TerrAscend Completes Acquisition of Grander Distribution, a US Hemp-Derived Products Company: TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) announced the closing of the previously reported asset acquisition of Grander Distribution, LLC. Grander is an industry leader in the production and distribution of innovative hemp-derived wellness products. Their whole-plant hemp extract products are made in the USA and are available for sale in ~10,000 retail locations worldwide. www.prnewswire.com
RE Botanicals Achieves USDA Organic Hemp CBD Milestone: Boulder-based RE Botanicals® have received their organic certification by the USDA (United States Department of Agriculture) National Organic Program for US grown hemp. PR Newswire
Canopy Growth Receives New York State Hemp License and Will Establish U.S.-Based Commercial Operations: Canopy Growth (TSX: WEED) (NYSE: CGC) has been granted a license by New York State to process and produce hemp. Canopy Growth will establish within the Hemp Industrial Park large-scale production capabilities focused on hemp extraction and product manufacturing within the United States. Depending on Board approval of a specific site, Canopy Growth intends to invest between $100 million USD and $150 million USD in its New York operations, capable of producing tons of hemp extract on an annual basis. Canopy Growth will be the anchor business in the broader Hemp Industrial Park where third parties can join an innovative hemp ecosystem focused on every potential application of the hemp crop, from fiber, to seed, to cannabinoids. www.prnewswire.com
Invictus and GTEC Holdings Announce Formal Termination of Merger Plans and Maintain Existing Working Relationship: GTEC Holdings (TSXV: GTEC) (OTCQB: GGTTF) announced that pursuant to the terms of a non-binding LOI entered into with Invictus (TSXV: GENE) (OTCQX: IVITF), as announced on November 16, 2018, the parties have mutually agreed to terminate the LOI and not proceed with the merger. GTEC and Invictus maintain a strong working relationship based on their previously announced definitive agreement dated August 30, 2018 whereby: GTEC entered into a $2m convertible loan facility with Invictus. globenewswire.com
Tilray® and Authentic Brands Group Sign Global Revenue Sharing Agreement to Develop and Market Consumer Cannabis Brands: Tilray, Inc. (NASDAQ: TLRY)and Authentic Brands Group (ABG), an owner of a portfolio of global lifestyle and entertainment brands, announced that they have signed a long-term revenue-sharing agreement to market and distribute a portfolio of consumer cannabis products within ABG’s brand portfolio in jurisdictions where regulations permit. Under the terms of the agreement:
- The parties will leverage ABG’s portfolio of brands to develop, market and distribute consumer cannabis products across the world, as and where legal, with an immediate focus on opportunities, including CBD, in Canada and the U.S. subject to applicable and brand appropriate regulations.
- Tilray will be the preferred supplier of active cannabinoid ingredients for such products.
- Tilray will initially pay to ABG US$100 million and up to US$250 million in cash and stock, subject to the achievement of certain commercial and/or regulatory milestones.
- Tilray will have the right to receive up to 49% of the net revenue from cannabis products bearing ABG brands, with a guaranteed minimum payment of up to US$10 million annually for 10 years, subject to certain commercial and/or regulatory milestones. businesswire.com
CLS Holdings USA, Inc. (CSE: CLSH.U) Locks Up Acquisition of In Good Health, Inc.: CLS Holdings USA, Inc. “CLS”, a diversified cannabis company operating as Cannabis Life Sciences, is pleased to announce that it has entered into an option (the “Agreement”) to acquire In Good Health, in accordance with the previously executed letter of intent. In Good Health is a licensed medical dispensary in Brockton, Massachusetts.. In Good Health is currently servicing 18,000 registered patients and delivering to 1,700 homes with key product offerings of flower, concentrates, vapes, edibles, pre-rolls and tinctures. www.newswire.ca
New Age Beverages Announces Agreement To Develop and Distribute Marley Branded CBD-Infused Beverages: New Age Beverages Corporation (NASDAQ: NBEV) announced the signing of an agreement to develop and distribute Marley branded cannabis-infused beverages. Key Highlights:
- Partnership leverages Docklight Brands’ extensive CBD expertise and utilizes their depth of insight in regulatory, compliance, production and quality control
- Venture leverages New Age global retail distribution footprint, brand and product development capabilities to launch Marley+CBD in key markets beginning immediately
Bob Marley CBD-infused beverages were introduced at the Winter Fancy Food Show on January 13th and began fielding initial orders on a first-come, first-served basis finance.yahoo.com
Flower One (CSE: FONE) (OTCQB: FLOOF) Provides Corporate Update and Outlines Approach to Developing a Strategic Portfolio of Brand Partners and Retail Partners: Flower One provided the following update.
- Conversion of 400,000 Square Foot Commercial Greenhouse in Nevada: Company remains on time, on plan and on budget with the conversion of Flower One’s 400,000 ft² greenhouse and the build out of a 55,000 ft² post-harvest processing, production and custom packaging facility. In the coming weeks company will begin the process of transferring of plant material from NLVO to the greenhouse to formally begin the onboarding of more than 80,000 cannabis plants.
- Building a Strategic Portfolio of Brand Partners: This greenhouse’s cultivation output, along with Flower One’s current construction of its 55,000 square foot processing and high-volume packaging facility, serve as anchors for the Company’s cornerstone strategy in Nevada which is to enter commercial agreements with a diverse mix of well-established and reputable cannabis Brand Partners looking to enter and gain prominent shelf space with Nevada’s expanding network of cannabis retailers.
Charlotte’s Web Hemp Harvest Increases 10X, Building Inventory to Meet Growing CBD Product Demand: Charlotte’s Web (CSE: CWEB) (OTCQX: CWBHF) reported more than a 10 times growth in harvested hemp compared to its 2017 grow season. The company planted 300 acres of hemp in 2018, up from 70 acres in 2017. Oregon was added as the third cultivation state during 2018 along with Colorado and Kentucky. The 2018 total harvest far exceeded initial estimates of between 250,000 lbs. and 350,000 lbs. of hemp, producing a total of approximately 675,000 lbs. between the three states combined. www.newswire.ca
Wayland Group Enters into a Letter of Intent to Sell 49.9% of International Business to International Cannabis Corp.: Wayland Group (CSE: WAYL) (OTCQB: MRRCF) announced that, pursuant to the Company’s previously announced strategic review, it has entered into a Letter of Intent to sell 49.9% of the Company’s international portfolio of assets to International Cannabis Corp. Wayland will receive 300,000,000 shares of ICC that trade under the symbol WRLD.U on the Canadian Securities Exchange, at a deemed price of USD $0.43 per share. Based on the Issue Price, once complete this transaction will value Wayland’s international business at approximately USD$258,000,000. Upon consummation of the proposed transaction. globenewswire.com
Grown Rogue Expands into Michigan Cannabis Market: Grown Rogue International Inc. (CSE: GRIN) (OTC: NVSIF) signed of a Memorandum of Understanding to expand its brand and products into Michigan through a strategic partnership with established local cannabis operators and investors. The expansion is anticipated to initially include two retail dispensaries, a 19,000 sq ft indoor cultivation and processing center in Detroit, and an interest in a 28-acre parcel located in the northern portion of the lower peninsula which can be used for cultivation. The company anticipates it will house two Class C growing licenses that will allow up to 3,000 plants for cultivation with an estimated annual production capacity of 2500 kgs. www.prnewswire.com
Aurora to Acquire Whistler: Aurora Cannabis (TSX: ACB) (NYSE: ACB) announced that the company has entered into an LOI to acquire all the issued and outstanding shares of privately held Whistler Medical Marijuana Corporation, in an all-share transaction valued at up to approximately $175 million.
- Whistler operates two indoor licensed production facilities, with its first located in Whistler, British Columbia, and the second, a recently licensed, purpose-built, state-of-the-art facility located a 20-minute drive from the Whistler facility. Once the second facility reaches full capacity (anticipated for Summer 2019) the facilities are anticipated to have a combined production capacity of over 5,000 kg per year. Whistler sells medical cannabis derivatives internationally to both Australia and the Cayman Islands, and through the addition of Aurora’s deep experience in completing EU GMP certified facilities and its large global distribution network, Aurora plans to pursue additional international export opportunities.
- Whistler has differentiated large-scale cold-water extraction technology and processes, creating a full suite of organic certified oil products (including THCA, CBG, and high CBD oils). prnewswire.com
Canopy Rivers Targets CBD Health and Wellness Market With Investment in Greenhouse Juice Company: Canopy Rivers Inc. (TSXV: RIV) (OTCPK: CNPOF) announced its investment in Greenhouse Juice Company, a dynamic plant-based food and beverage company. Canopy Rivers has committed $9 million in a convertible debt financing package that includes secured and unsecured debt, warrant coverage, and board representation rights. Proceeds from this financing will be used to supplement Greenhouse’s national expansion and initiatives for the development of natural health and wellness beverages infused with cannabidiol. www.nasdaq.com
Namaste Technologies CEO Sells Shares Right After Company Buys on the Open Market: As 2018 was nearing an end, Namaste Technologies (TSXV: N) (OTCQB: NXTTF) CEO Sean Dollinger unloaded shares, which he reported on December 28th, a week after making the sales. He sold a total of 2.357 million shares that he held directly or indirectly, as documented at Canadian Insider. Ordinarily, this type of sale, which represented a small fraction of Dollinger’s holdings, wouldn’t be considered particularly significant. In total, he sold 2.357 million shares, or 11% of his holdings, for total proceeds of C$2.056 million, leaving him with 18.6 million shares. What was disturbing about the sale was that it was conducted like he was under pressure, with all of the shares sold in a single day after the price of the stock had already collapsed. www.newcannabisventures.com
Aphria’s CEO and Co-Founder Step Down: Canadian cannabis producer Aphria (TSX: APHA) (NYSE: APHA), which was accused in December by a short seller and then targeted by a hostile takeover, is changing up its senior leadership. Aphria is still fending off a hostile takeover after facing accusations of fraudulent financial reporting from Gabriel Grego — a well-known short seller with Quintessential Capital Management — surfaced in December, causing Aphria share prices to plummet. After the accusations, the board removed CEO Vic Neufeld from his position as Chairman of the Board. The original five-year commitment for CEO Vic Neufeld and Co-Founder Cole Cacciavillani expired at the start of the new fiscal year. Both leaders announced they will be leaving their positions at the company, though Cacciavillani and Neufeld will remain on the Board of Directors. Ganjapreneur
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