October 31, 2018
Company News
Aleafia Labs Partners on Cannabinoid Pharmacogenetics Study. Aleafia Labs, a division of Aleafia Health Inc. (TSXV: ALEF) (OTCQX: ALEAF) and Guided 420 Genetics Inc. with U.S.-based AKESOgen, Inc., are announcing the commencement of a joint study on cannabinoid pharmacogenetics in medical cannabis therapy. The initial 200 patient study will focus on developing medical cannabis patient genetic screening tools in the areas of THC-CBD sensitivity and metabolism, Endocannabinoid Deficiency Syndrome and cannabis treatment safety and adverse event risk. This initiative will be funded by G420 and will be administered by Aleafia physicians practicing within the Canabo Medical Clinic network. It is expected that this study will lead to additional clinical investigations and larger retrospective cohort studies as well as prospective clinical trials based on the indications generated. globenewswire.com
Liberty Health Sciences Opens Three New Medical Cannabis Education Centers In Palm Harbor, Winter Haven and Merritt Island: Liberty opens three new dispensaries in October, bringing total number of Florida locations to seven. Liberty Health (CSE: LHS) (OTCQX: LHSIF) announced the planned opening this week of three of its newest Cannabis Education Center (CEC) dispensaries in Winter Haven, FL; Palm Harbor, FL, and Merritt Island, FL featuring free 24-hour delivery service throughout Florida. www.prnewswire.com
Medmen Files Trademark Application for “Cannabis” Use on T-Shirts – MedMen (CSE: MMEN) (OTCQX: MMNFF) filed a federal trademark application with the United States Patent and Trademark Office claiming “first use” and thus dominion over the use of the term “cannabis”—albeit with some limitations. If federal patent examiners agree and the application is granted, other firms would not be able to print t-shirts or other clothing with the word “cannabis” without risking infringement of MedMen’s trademark (and attendant lawsuits) Leafly.com
Companies Reporting Financial Results:
- Body & Mind Inc. (CSE: BAMM) – Q3/18 (April 30)
- CannTab Therapeutics Limited (CSE: PILL) – Q1/19 (August 31)
- Crop Infrastructure Corp. (CSE: CROP) – Q2/19 (August 31)
- Harvest One Cannabis Inc. (TSXV: HVT) – Q4/18 (June 30)
- ICC International Cannabis Corp. (TSXV: ICC) – Q2/19 (August 31)
- Liberty Health Sciences Inc. (CSE: LHS) – Q2/19 (August 31)
- Relevium Technologies Inc. (TSXV: RLV) – Q4/18 (June 30)
- GTECH Holdings Ltd. (TSXV: GTEC) – Q3/18 – August 31
- MYM Nutraceuticals Inc. (CSE: MYM) Q1/19 – August 31
- Namaste Technologies Inc. (TSXV: N) – Q4/18 – August 31.
- Valens GroWorks Corp. (CSE: VGW) – Q3/18 – August 31
All financial reports can be accessed on www.sedar.com
New Listings
- Aphria to Commence Trading on the NYSE November 2: newswire.ca
- High Tide Files Preliminary Prospectus in Connection with the Listing of its Common Shares on the Canadian Securities Exchange: newswire.ca
- Plus Products Inc. Completes CAD$20 Million Initial Public Offering com
- See Curaleaf (below)
Curaleaf Shares Fall on Debut After Record Equity Raise – U.S. cannabis retailer Curaleaf Holdings Inc (CSE: CURA) (OTCPK: LDVTF) opened lower in its trading debut in Toronto on Monday after amassing $400 million in the biggest equity raising in Canada’s marijuana industry. Curaleaf opened at C$8.70 on the Canadian Securities Exchange (CSE), lower than the offer price of C$11.45. It recovered to trade 18.4 percent higher at 10:26 a.m. ET but remained below the issue price at C$10.30. reuters.com
LiveWell Canada and Vitality Sign Major CBD Supply Deal with U.S. Private Equity Firm: LiveWell Canada Inc. (TSXV: LVWL) (OTCPK: LXLLF) announced that it has partnered with Vitality CBD Natural Health Products Inc. to sign a binding term sheet with Global Wellness Distributors, LLC, a Nevada entity controlled by a U.S. private equity firm, for the supply of cannabidiol (CBD) wholesale products in North America. Commencing in January 2019, Global Wellness will distribute a minimum quantity of 1,000 kilograms per month. Starting April 2019 to March 2020, the minimum quantity increases to 3,000 kilograms per month, for a total minimum quantity of 39,000 kilograms over the 15-month contract period. Based on current observable wholesale market pricing, CBD isolate pricing ranges between US$6,500 to US$10,000 based on the quality and purchase volume of the CBD purchase order. www.newswire.ca
Ontario Cannabis Store Apologizes for Delays, Blames Canada Post: The Ontario Cannabis Store is blaming early order delays on labour action at Canada Post, which shut down the key Toronto mail processing facilities just as the province was preparing to ship out its first wave of orders. And OCS warned that the cannabis delivery delays may not be solved yet. The provincial retailer of cannabis and cannabis products said it has received more than 150,000 orders for cannabis since the product was legalized on Wednesday Oct. 17 ottawacitizen.com This government-run store ranked as the worst legal cannabis store in Canada, according to its customers. www.narcity.com
Cannmart Signs Supply Agreement with Maple Leaf Green World Inc. Including First Right of Refusal on 100% of Production: www.newswire.ca and Cannmart Signs Supply Agreement With Rocky Mountain Marijuana Inc for 20% of RMMI’s gross production.- www.newswire.ca
CannTrust Expands Global Reach and Access To Asia-Pacific Region CannTrust Holdings Inc. (TSX: TRST) (OTC: CNTTF) entered into a strategic partnership with Australian licensed producer, Cannatrek Ltd.. Cannatrek is one of the first Australian vertically integrated enterprises to be awarded a cannabis research, cultivation, manufacturing, sales and import license by federal and state governments and is pioneering a world class 1.7 million sq. ft. greenhouse facility, which will position Cannatrek to be one of the lowest cost producers in Australia. CannTrust is making an investment of AUD $6.4 million (approximately CAD $6 million) for a 19.8% stake in Cannatrek, with an option to maintain this shareholding through any future share issuances up to and including Cannatrek completing an initial public offering. www.prnewswire.com
World’s Largest Cannabis Mega-Store Splashes Down in Las Vegas – Planet 13, the world’s largest retail cannabis store, opened to a celebrity, industry, and politician-packed crowd of VIPs Tuesday night in Las Vegas. Nevada state gubernatorial candidate Steve Sisolak, state Sen. Tick Segerblom and North Las Vegas mayor Pamela Goynes-Brown joined several hundred attendees at the $7.5 million Planet 13 super-store dispensary, which features 45 cash registers, a digital koi pond floor, and hovering drone light orbs just off the Vegas Strip. – Leafly.com
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