Hydrofarm to Spend $161 Million for Third Nutrients Acquisition in 2021

Hydrofarm Enters into Agreement to Acquire Aurora Innovations and its Organic Nutrients and Grow Media Operations Aurora Innovations Brings Valuable Manufacturing Presence on the West Coast in Oregon, on the East Coast in New York State, and in Western Canada FAIRLESS HILLS, Pa., June 17, 2021 (GLOBE NEWSWIRE) — Hydrofarm Holdings Group, Inc. (“Hydrofarm”) (Nasdaq: […]

Ayr Wellness Receives Provisional License to Sell Adult-Use Cannabis at Flagship Boston Dispensary

TORONTO, June 17, 2021 (GLOBE NEWSWIRE) — Ayr Wellness Inc. (CSE: AYR.A, OTC: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated cannabis multi-state operator, announced today that the Massachusetts Cannabis Control Commission (“CCC” or the “Commission”) has granted its local partner Sira Naturals (“Sira”) a provisional license for the sale of adult-use cannabis at […]

Cresco Labs Launches Social Justice Campaign on 50th Anniversary of War on Drugs

A summertime series of expungement events, employee volunteerism, documentary filmmaking, fundraising and more demonstrate the importance of commitment to reform and restorative justice to build an equitable, inclusive cannabis industry CHICAGO-June 17, 2021-(BUSINESS WIRE)–Today, on the 50th anniversary of when America started its longest war—the War on Drugs—Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), […]

British CBD Manufacturer Brains Bioceutical Corp. Raises $31.9 Million

Brains Bioceutical Corp. completes a USD $31.9 Million Capital Raise with Lead Investor DSM Venturing VANCOUVER, BC, June 16, 2021 /CNW/ – Brains Bioceutical Corp. (“Brains” or the “Company”) is pleased to announce the completion of a USD $31.9 million capital raise with DSM Venturing and existing Brains shareholders. DSM Venturing, who acted as lead […]

SC Labs Develops Comprehensive Hemp Testing Panel

The California-based company has developed an ISO-accredited hemp testing panel that tests for a variety of contaminants, designed to cover requirements set by every state in the country.

The post SC Labs Develops Comprehensive Hemp Testing Panel appeared first on Cannabis Industry Journal.

This IP-Focused MSO Expects Strong Growth in All Five of Its Core Markets

Exclusive Interview with Goodness Growth Holdings Chairman and CEO Kyle Kingsley Vireo Health has changed its name to Goodness Growth Holdings (CSE: GDNS) (OTCQX: GDNSF), and the company expects to see significant growth in its five core markets over the next 18 to 24 months. Chairman and CEO Kyle Kingsley last spoke to New Cannabis Ventures in […]

Canadian Cannabis Biotech Company Trait Raises C$31 Million

Trait Biosciences Receives Strategic Investment From Btomorrow Ventures As Lead Investor In A C$31 Million Series A Financing VANCOUVER, BC, June 16, 2021 /PRNewswire/ — Trait Biosciences Inc. (“Trait”) — a global leader in cannabinoid research focused on developing technologies that enable the production of safe, high-quality, predictable, and efficacious CBD products — today announced […]

The Parent Company Announces The Peakz Company as Second Social Equity Investment

Company invests in Black-founded and led business, further cementing its commitment to create a more equitable and inclusive cannabis marketplace SAN JOSE, Calif., June 16, 2021 /PRNewswire/ – TPCO Holding Co. (“The Parent Company” or the “Company”) (NEO: GRAM.U) (OTCQX: GRAMF), California’s leading vertically integrated cannabis company, is pleased to announce that it has selected The Peakz Company (“Peakz”), an Oakland-based cannabis […]

Columbia Care to Expand in Colorado with $42 Million Medicine Man Acquisition

Columbia Care Signs Definitive Agreement to Acquire Medicine Man, a Rapidly Growing, Vertically Integrated Operator in the Denver Metro Area Pioneering Vertical Operator Will Significantly Strengthen Columbia Care’s Position as Leader in World’s Second-Largest Cannabis Market Immediately accretive to Columbia Care’s gross margin, Adjusted EBITDA, and free cash flow Adds four retail locations and a […]

Charlotte’s Web Names Former Molson-Coors Exec as CFO

Charlotte’s Web Appoints Wes Booysen as Chief Financial Officer Former Molson-Coors executive brings international operating and regulatory experience BOULDER, Colo., June 15, 2021 /PRNewswire/ – (TSX: CWEB) (OTCQX: CWBHF), Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”), the market leader in whole-plant hemp extract products with naturally occurring cannabinoids, including cannabidiol (“CBD”), is pleased […]