Canopy Growth Issues 9 Million Shares to Complete Acquisition of Supreme Cannabis

Canopy Growth Completes Acquisition of Supreme Acquisition solidifies Canopy Growth’s leadership position in the Canadian recreational market SMITHS FALLS, ON, June 23, 2021 /PRNewswire/ – Canopy Growth Corporation (“Canopy”) (TSX: WEED) (NASDAQ: CGC) and The Supreme Cannabis Company, Inc. (“Supreme”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) are pleased to announce the completion of the previously announced arrangement (the “Arrangement”) […]

Unnecessary Obstacles for the Canadian Edibles Market

Complex regulatory standards, dosage limits, price disparities and a limited variety of products all hinder the Canadian edibles market and prevent the category from flourishing as it should.

The post Unnecessary Obstacles for the Canadian Edibles Market appeared first on Cannabis Industry Journal.

Australian Cannabis Producer Buys Canopy Growth Denmark Facility for C$20 Million

PERTH, Australia, June 22, 2021 /PRNewswire/ — Little Green Pharma Ltd (ASX: LGP) has acquired a world-class, fully-operational, GMP medicinal cannabis cultivation and manufacturing facility in Denmark from Canopy Growth Corporation (TSX:WEED, NASDAQ: CGC). The facility, located in Northern Odense, has the capacity to produce in excess of 12 tonnes per annum of finished flower […]

Ayr Wellness Opens Third Pennsylvania Dispensary in Gibsonia

TORONTO, June 21, 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 the opening of the third Ayr medical dispensary in the Commonwealth of Pennsylvania, located in Gibsonia, a suburb of Pittsburgh. The Ayr Wellness dispensary is the third in […]

Cresco Labs Announces Opening of Sunnyside Philadelphia, Its Fourth Dispensary in Pennsylvania and 33rd Operating U.S. Store

CHICAGO, June 21, 2021–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, announced today the opening of Sunnyside Philadelphia, its fourth dispensary in Pennsylvania. The medical-only cannabis store is located at 1221 Chestnut St. in Philadelphia. It is in the former historic Cathay […]

Valens Closes $40 Million Acquisition of CBD Manufacturer Green Roads

The Valens Company Completes Acquisition of Leading US CBD Company, Green Roads Creating a global leader in the cannabis health and wellness market Purchase of Green Roads for US$40 million equating to approximately 1.8x 2020 revenue with maximum earnout of US$20 million subject to achieving certain EBITDA milestones in 2022, which if fully achieved implies ~4.5x fiscal 2022E EBITDA1 […]

Charlotte’s Web Appoints Former Canopy Growth Executive, Tim Saunders, to Board of Directors

Brings global and Canadian cannabis and hemp sector governance and finance expertise This news release constitutes a “designated news release” for the purposes of Charlotte’s Web Holdings Inc.’s prospectus supplement dated June 3, 2021 to its short form base shelf prospectus dated May 5, 2021. DENVER, June 21, 2021 /PRNewswire/ – Charlotte’s Web Holdings, Inc. […]

What’s New With Cannabis Stocks for the Week Ending 06/18/21

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more. Summary  Connecticut became the 3rd Eastern state to legalize for adult-use through the legislative process in 2021. Health Canada added 8 licenses, leaving the total now at 700. 420 Investor model portfolios have […]