Oct 4, 2018
Company News
GW Pharmaceuticals plc (NASDAQ: GWPH) Announces Pricing of Public Offering of ADSs Raising Gross Proceeds of $300 Million: GW Pharmaceuticals announced the pricing of an underwritten public offering by the Company. GW will issue 1,900,000 American Depositary Shares, representing 22,800,000 ordinary shares of GW, at a price to the public of $158.00 per ADS on the Nasdaq Global Market, raising gross proceeds of approximately $300 million. globenewswire.com
MedMen Acquires Illinois Dispensary, Continues its U.S. Expansion: MedMen (CSE: MMEN) announced that it has signed a definitive agreement to acquire Seven Point, a licensed medical cannabis dispensary located in the historic Chicago suburb of Oak Park, Illinois. www.businesswire.com
MedMen Significantly Expands National Reach with Entrance into Arizona’ www.businesswire.com
Flowr announces strategic partnership with new cannabis brand Ace Valley: The Flowr Corporation (TSXV: FLWR) announced a strategic partnership with Ace Valley, a new brand of cannabis products for the upcoming adult-use recreational market created by the team behind Ace Hill Beer. Ace Valley’s curated product portfolio includes pre-rolled joints and premium dried flower. globenewswire.com
The Green Organic Dutchman Announces C$75 Million Bought Deal. The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) has entered into an agreement with a syndicate of underwriters pursuant to which the Underwriters have agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 10,950,000 units at a price of $6.85 per Unit for aggregate gross proceeds to the Company of $75,007,500. www.newswire.ca
GTEC Announces Launch of Six Unique Craft Cannabis Brands. GTEC Holdings Ltd. (TSXV: GTEC) (OTCPK: GGTTF) announced its portfolio of craft cannabis brands. GTEC’s primary focus is on cultivating, testing, processing, marketing and selling premium quality craft cannabis, with full control from seed to shelf. www.newswire.ca
Aleafia Submits Application to List on NASDAQ. Aleafia Health Inc. (TSXV: ALEF) (OTCQX: ALEAF) announced that it has submitted a finalized application to list its common shares on the NASDAQ. Listing on a major United States stock exchange will provide unparalleled liquidity and place Aleafia among a small handful of Canadian cannabis companies. Aleafia’s common shares will continue to trade on the OTCQB under the ticker symbol “ALEAF” until NASDAQ approval and up-listing. Aleafia’s common shares will also continue to trade on the TSX Venture Exchange under the ticker symbol “ALEF” post-NASDAQ up-listing. www.nasdaq.com
Cannabis Industry’s Most Recognized Consumer Packaged Goods Brand Going Public, Expanding Global Operations. Dixie Brands, Inc. (Dixie) signed a definitive merger agreement on September 28, 2018 in connection with its proposed public listing on the Canadian Securities Exchange (CSE). Pending approval from the CSE, Dixie will complete a reverse takeover (RTO) of a Canadian public company, Academy Explorations Limited (Academy) and will be subsequently renamed Dixie Brands (USA) Inc. Both Academy and Dixie have received board and shareholder approval for the RTO. As a result, Dixie will boast the largest global footprint of infused product manufacturing and distribution facilities of any brand in the cannabis space. www.prnewswire.com
Aphria unveils comprehensive portfolio of adult-use brands: Aphria Inc. (TSX: APH) (OTCQB: APHQF) unveiled its comprehensive portfolio of adult-use brands that will be available for sale in the adult-use market. The brands feature a range of price points and offer a variety of product formats and consumption options tailored to consumer preferences. www.newswire.ca
Aphria Closes Acquisition of Assets in Latin America and the Caribbean. Aphria Inc. (TSX: APH) (OTCQB: APHQF) announced that it has closed the acquisition of LATAM Holdings Inc. from Scythian Biosciences (CSE:SCYB). www.newswire.ca
Khiron Life Sciences Signs Non-Binding MOU to Enter Chilean Medical Cannabis Market with Country’s Only Licensed Producer, Fundacion Daya and DayaCann: Upon closing of the partnership, Fundacion Daya and Khiron expect to ultivate a minimum of 5 tonnes of dried flower in Chile exclusively for Khiron to be used to formulate two products targeting patients with neuropathic pain and epilepsy; Commence clinical trials led by medical teams directed by Khiron and Fundacion Daya and more. www.newswire.ca
Emerald Health Pharmaceuticals Initiates Phase I Clinical Study on its Oral Drug Candidate Derived from Cannabidiol. Emerald Health Pharmaceuticals Inc. (EHP) announced the initiation of enrollment of its Phase I clinical trial of EHP-101, an oral formulation of a patented, synthetic new chemical entity (NCE) derived from cannabidiol (CBD) and chemically modified to affect other validated targets. globenewswire.com
Canadian Cannabis Company, The Flowr Corporation, to Begin Trading on the TSX Venture Exchange: The Flowr Corporation (TSXV: FLWR) announced that it started trading on September 26, 2018. This follows the recent completion by Flowr of both an oversubscribed $C36 million capital raise and reverse takeover of a capital pool company previously listed on the Exchange. globenewswire.com
Acreage, Harvest win medical cannabis dispensary licenses in North Dakota: A couple of large, multistate players won North Dakota’s first medical marijuana dispensary licenses, snagging permits for the state’s two biggest cities as the industry edges closer to launching operations by late this year or early 2019. mjbizdaily.com
Tilray, Inc. (NASDAQ: TLRY) intends to offer $400 million in convertible senior notes in a private placement to qualified institutional buyers. Businesswire.com
Namaste (TSXV: N) Enters Into $45 Million Bought Deal Equity Financing: Globenewswire.com
Green Thumb Industries (CSE: GTII) Announces CAD $65 Million Bought Deal Financing. Markets.businessinsider.com
Singer Toni Braxton is serving as a spokeswoman for CBD t company Uncle Bud’s. WKYC.com
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