Bluma

Cresco Labs Celebrates Milestone Opening of 50th Operating Retail Store

Retrieved on: 
Monday, March 21, 2022
Alternative Medicine, Retail, Health, Tobacco, Agriculture, Natural Resources, Pharmaceutical, Veteran, National Energy Education Development Project, Corona Labs Inc., Social equity, Multimedia, Adult, Cresco Labs, CL, Village, SEED, Achievement, CEO, RSO, Knowledge, Fern Park, Florida, Good news, Bluma, Education, Acquisition, Patient, Syringe, CSE, Amusement park, Drug, Lorenzo Remedi

Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (Cresco Labs or the Company), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced the grand opening of a new Sunnyside dispensary in Lady Lake, Florida.

Key Points: 
  • Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (Cresco Labs or the Company), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced the grand opening of a new Sunnyside dispensary in Lady Lake, Florida.
  • The new store marks a milestone in Crescos nationwide retail expansion, bringing the Companys total retail footprint to 50 locations across seven states and 16 total stores in the state of Florida.
  • View the full release here: https://www.businesswire.com/news/home/20220321005293/en/
    Cresco Labs is celebrating the grand opening of its 50th company-owned retail store in Lady Lake, Florida.
  • (Photo: Business Wire)
    Our 50th store in Florida marks the achievement of a key goal established in 2021 to expand company-owned retail locations in the state, aiming for 16 dispensaries open by the anniversary of the Bluma acquisition, said Charlie Bachtell, CEO & Co-founder at Cresco Labs.

SOL Global Portfolio Company Bluma Wellness Completes Its Sale to Cresco Labs

Retrieved on: 
Thursday, April 15, 2021
Agriculture, Natural Resources, Pharmaceutical, Alternative medicine, Medical Supplies, Finance, Health, Professional services, Cannabis, Equity securities, Cannabis in Illinois, Cresco Labs, Corporate finance, Warrant, Cresco, Bluma

Pursuant to the terms of the Arrangement, holders of common shares of Bluma Wellness (\xe2\x80\x9cBluma Shares\xe2\x80\x9d) received 0.0859 subordinate voting shares of Cresco Labs (\xe2\x80\x9cCresco Shares\xe2\x80\x9d) for each Bluma Share held.

Key Points: 
  • Pursuant to the terms of the Arrangement, holders of common shares of Bluma Wellness (\xe2\x80\x9cBluma Shares\xe2\x80\x9d) received 0.0859 subordinate voting shares of Cresco Labs (\xe2\x80\x9cCresco Shares\xe2\x80\x9d) for each Bluma Share held.
  • In total, Cresco Labs acquired 184,814,281 Bluma Shares, representing all of the issued and outstanding Bluma Shares, in exchange for 15,875,449 Cresco Shares.
  • For more information on the Arrangement, please refer to the news release of Cresco Labs and Bluma Wellness dated April 14, 2021.\nPrior to the completion of the Arrangement, SOL Global held an indirect economic interest in approximately 36.3% of Bluma Shares on a partially-diluted basis through its interest in 48,256,502 Common Shares and 29,665,515 warrants to purchase Common Shares.
  • Bluma\xe2\x80\x99s success has been driven by the incredible strength of its One Plant Florida brand and the electrifying demand for its premium medical flower,\xe2\x80\x9d said Andy DeFrancesco, CEO of SOL Global.

Bluma Wellness Obtains Final Order Approving Arrangement with Cresco Labs

Retrieved on: 
Friday, March 26, 2021
Alternative medicine, Agriculture, Health, Natural Resources, Cannabis, Cannabis in Illinois, Cresco Labs, Cresco, Bluma, Wellness, Blu

Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) (OTCQX:BMWLF) is pleased to announce that the Company has obtained a final order of the Supreme Court of British Columbia approving the previously announced acquisition of the Company by Cresco Labs Inc. (Cresco), by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the Arrangement).

Key Points: 
  • Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) (OTCQX:BMWLF) is pleased to announce that the Company has obtained a final order of the Supreme Court of British Columbia approving the previously announced acquisition of the Company by Cresco Labs Inc. (Cresco), by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the Arrangement).
  • The Arrangement was approved by the Bluma Shareholders at the special meeting of Bluma Shareholders held on March 19, 2021.
  • Bluma Wellness Inc. owns and operates a vertically-integrated, licensed medical cannabis company in the State of Florida doing business as One Plant Florida.
  • Bluma Wellness plans to continue expanding its cultivation and distribution operations as the Florida market grows.

Bluma Wellness Inc. Announces Expiration of HSR Act Waiting Period for Its Proposed Acquisition By Cresco Labs

Retrieved on: 
Thursday, March 11, 2021
Agriculture, Natural Resources, Alternative energy, General Health, Health, Energy, Specialty, Retail, Cannabis, Cannabis in Illinois, Cresco Labs, Bluma, Wellness, Cresco

The waiting period expired without the issuance of a so-called second request by the United States Department of Justice Antitrust Division (the DOJ).

Key Points: 
  • The waiting period expired without the issuance of a so-called second request by the United States Department of Justice Antitrust Division (the DOJ).
  • We are excited to be one step closer to bringing the Cresco Labs and Bluma Wellness teams together to execute on our aggressive expansion plans in Florida, said Brady Cobb, CEO of Bluma Wellness.
  • Bluma Wellness Inc. owns and operates a vertically-integrated, licensed medical cannabis company in the State of Florida doing business as One Plant Florida.
  • Bluma Wellness plans to continue expanding its cultivation and distribution operations as the Florida market grows.

Bluma Wellness Inc. Provides End-of-Month Operations Update and Financial Highlights for February 2021

Retrieved on: 
Friday, March 5, 2021
Agriculture, Alternative medicine, Natural Resources, Health, Pharmaceutical, OTC Markets Group, Wellness, Bluma

Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) (OTCQX:BMWLF) is pleased to provide its patients and investors with an end-of-month sales and operations report for the month ended February 28, 2021.

Key Points: 
  • Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) (OTCQX:BMWLF) is pleased to provide its patients and investors with an end-of-month sales and operations report for the month ended February 28, 2021.
  • The financial highlights disclosed in this press release are management prepared and have not been audited or reviewed by the Companys auditors.
  • Bluma Wellness is pleased to provide the following sales and financial highlights from the month of February 2021:
    Revenues less cost of sales before fair value adjustments: approx.
  • Bluma Wellness plans to continue expanding its cultivation and distribution operations as the Florida market grows.

Bluma Wellness Announces Filing of Circular and Date of Special Meeting of Shareholders to Approve Proposed Plan of Arrangement with Cresco Labs

Retrieved on: 
Friday, February 26, 2021
Finance, Agriculture, Natural Resources, Professional services, Forest Products, Stock market, Shareholder, Bluma

Bluma Shareholders of record at the close of business on February 8, 2021 will be entitled to attend and vote at the Meeting.

Key Points: 
  • Bluma Shareholders of record at the close of business on February 8, 2021 will be entitled to attend and vote at the Meeting.
  • The Circular and related meeting materials are available on the Companys SEDAR profile at www.sedar.com and have been mailed to Bluma Shareholders of record on February 8, 2021.
  • Holders of the Companys restricted share units will also be sent a copy of the Circular.
  • If the Arrangement is completed, Bluma Shareholders will receive 0.0859 of a subordinate voting share of Cresco for each Bluma Share held, subject to adjustment in accordance with the terms of the Plan of Arrangement.

Bluma Wellness Inc. Provides End-of-Month Operations Update and Financial Highlights for January 2021

Retrieved on: 
Monday, February 1, 2021
Alternative medicine, Agriculture, Health, Natural Resources, Wellness, Bluma

Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) is pleased to provide its patients and investors with an end-of-month sales and operations report for the month ended January 31, 2021.

Key Points: 
  • Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) is pleased to provide its patients and investors with an end-of-month sales and operations report for the month ended January 31, 2021.
  • The financial highlights disclosed in this press release are management prepared and have not been audited or reviewed by the Companys auditors.
  • Bluma Wellness is pleased to provide the following sales and financial highlights from the month of January 2021:
    Revenues less cost of sales before fair value adjustments: approx.
  • Bluma Wellness Inc. owns and operates a vertically-integrated, licensed medical cannabis company in the State of Florida doing business as One Plant Florida.

Bluma Wellness Announces Change of Auditors

Retrieved on: 
Thursday, December 3, 2020
Alternative medicine, Health, Natural Resources, Other Natural Resources, Berwind Corporation, WellPet, Wellness, Bluma, Blu

Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) announces that it has changed its auditors from SRCO Professional Corporation (the Former Auditor) to Marcum LLP (the Successor Auditor) effective November 19, 2020.

Key Points: 
  • Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) announces that it has changed its auditors from SRCO Professional Corporation (the Former Auditor) to Marcum LLP (the Successor Auditor) effective November 19, 2020.
  • "We would like to thank SRCO Professional Corporation for their services and guidance, and we are excited to work with Marcum and their experienced team as we continue to scale up our operations in Florida, said Brady Cobb, Chief Executive Officer of Bluma Wellness.
  • Bluma Wellness Inc. owns and operates a vertically-integrated, licensed medical cannabis company in the State of Florida doing business as One Plant Florida.
  • Bluma Wellness plans to continue expanding its cultivation and distribution operations as the Florida market grows and may enter into other US states where the production, distribution and use of cannabis is permitted under state law.

Bluma Wellness Reports Fiscal Results for the Third Quarter 2020

Retrieved on: 
Monday, November 30, 2020
Alternative medicine, Agriculture, Health, Natural Resources, Bluma, Cobb, Net income

Revenue: Net revenue for the third quarter of 2020 increased 47.7% from the prior quarter.

Key Points: 
  • Revenue: Net revenue for the third quarter of 2020 increased 47.7% from the prior quarter.
  • Net Income: Net income for the third quarter 2020 was approximately $300,000, or $0.003 per basic and diluted share.
  • As we near the close of 2020, Bluma Wellness has continued to establish itself as the premium flower and flower-derived products company in the budding Florida medical cannabis marketplace, said Brady Cobb, CEO of Bluma Wellness.
  • I am also proud to share the same-dispensary sales growth that One Plant Florida has achieved from the second quarter to the third quarter of 2020, added Cobb.

Bluma Wellness Inc. Provides End-of-Month Operations Update and Financial Highlights for October 2020

Retrieved on: 
Monday, November 2, 2020
Alternative medicine, Retail, Health, Agriculture, Natural Resources, Specialty, Pharmaceutical, Bluma, Alternative medicine, Retail, Health, Agriculture, Natural Resources, Specialty, Pharmaceutical, Bluma

Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) is pleased to provide its patients and investors with an end-of-month sales and operations report for the month ended October 31, 2020.

Key Points: 
  • Bluma Wellness Inc. (the Company or Bluma Wellness) (CSE: BWEL.U) is pleased to provide its patients and investors with an end-of-month sales and operations report for the month ended October 31, 2020.
  • Bluma Wellness opened One Plant Floridas sixth retail dispensary location and delivery hub in the State of Florida, located in Avon Park, on October 19, 2020.
  • Bluma Wellness values its long-term partnership with Advanced Flower Capital and is proud to secure this advance, said Bluma Wellness Inc. CEO Brady Cobb.
  • Bluma Wellness values its long-term partnership with Advanced Flower Capital and is proud to secure this advance, said Bluma Wellness Inc. CEO Brady Cobb.