Illinois Department of Financial and Professional Regulation

Greenlight Issues Dividend to Shareholders

Retrieved on: 
Tuesday, April 11, 2023

KANSAS CITY, Mo., April 11, 2023 /PRNewswire/ -- Greenlight ("the Company"), a leading, vertically-integrated, multi-state operator, announced today that it has issued a first dividend totaling seven-figures to its shareholders, the first known issuance of a dividend by a large Multi-State Operator (MSO).

Key Points: 
  • "We are proud to be the first large MSO to issue a dividend and we hope to continue this practice as the business allows," said Jim Mueller, co-founder and Chairman of Greenlight.
  • "We do not have any corporate debt, which gives Greenlight more flexibility with capital while also continuing on our strategic planned growth in 2023.
  • Given the continued challenging regulatory and economic environment affecting cannabis operators, not only is this a historic moment for Greenlight, but also the industry."
  • Greenlight previously opened 4 dispensaries in the Southern part of the state, with Bluefield being the company's 5th dispensary.

Cannect Wellness Launches in Illinois with $7.5M in Funding

Retrieved on: 
Tuesday, March 21, 2023

CHICAGO, March 21, 2023 /PRNewswire/ -- Cannect Wellness, a premium craft cannabis cultivator and product manufacturer, has secured $7.5 million in equity funding to launch in Illinois.

Key Points: 
  • CHICAGO, March 21, 2023 /PRNewswire/ -- Cannect Wellness, a premium craft cannabis cultivator and product manufacturer, has secured $7.5 million in equity funding to launch in Illinois.
  • Cannect Wellness was awarded one of the first Craft Grower licenses issued by the State of Illinois.
  • "We are thrilled to introduce our unique blend of craft cannabis to the Illinois market," said Gabe Singal, CEO and Co-Founder of Cannect Wellness.
  • To learn more about Cannect Wellness and their premium craft cannabis products, please visit their website at www.cannectwellness.com .

Cannect Wellness Launches in Illinois with $7.5M in Funding

Retrieved on: 
Tuesday, March 21, 2023

CHICAGO, March 21, 2023 /PRNewswire/ -- Cannect Wellness, a premium craft cannabis cultivator and product manufacturer, has secured $7.5 million in equity funding to launch in Illinois.

Key Points: 
  • CHICAGO, March 21, 2023 /PRNewswire/ -- Cannect Wellness, a premium craft cannabis cultivator and product manufacturer, has secured $7.5 million in equity funding to launch in Illinois.
  • Cannect Wellness was awarded one of the first Craft Grower licenses issued by the State of Illinois.
  • "We are thrilled to introduce our unique blend of craft cannabis to the Illinois market," said Gabe Singal, CEO and Co-Founder of Cannect Wellness.
  • To learn more about Cannect Wellness and their premium craft cannabis products, please visit their website at www.cannectwellness.com .

Body and Mind Provides Update on Illinois Dispensaries

Retrieved on: 
Tuesday, February 28, 2023

The Body and Mind branded retail store is situated in a high-traffic location with plentiful parking.

Key Points: 
  • The Body and Mind branded retail store is situated in a high-traffic location with plentiful parking.
  • "We believe that the state of Illinois is broadly underserved when it comes to adult use retail outlets, and we are excited to help alleviate that by advancing our first dispensary in the state.
  • We are looking forward to bringing our retail operation experience to the Illinois market and have developed strong relations with national and Illinois-based brands to ensure our customers have a wide choice of proven, tested cannabis offerings," stated Michael Mills, CEO of Body and Mind.
  • The second dispensary, located in the Southern Chicago area, has already received community approval from the village of Lynwood.

Gordon & Rees’ Chicago Office Continues Expansion with Esteemed Healthcare Team

Retrieved on: 
Wednesday, February 22, 2023

Gordon Rees Scully Mansukhani is pleased to announce the addition of partners Diane E. Webster, Karen V. Nathan, and associate Luca J. Giovine to the firm’s Chicago office.

Key Points: 
  • Gordon Rees Scully Mansukhani is pleased to announce the addition of partners Diane E. Webster, Karen V. Nathan, and associate Luca J. Giovine to the firm’s Chicago office.
  • View the full release here: https://www.businesswire.com/news/home/20230222005322/en/
    The group brings substantial litigation and trial experience in complex civil litigation, medical and healthcare, products liability, insurance, and general liability defense.
  • Diane Webster served as the Chicago office managing partner at her former firm, where she was the first woman in that firm’s history to be appointed to the role.
  • The team is also joined by Rachelle Schulte and Lisa Kohlndorfer, two experienced and talented paralegals in healthcare and other litigation.

The TAG Oral Care Center for Excellence Serves its First Round of Patients Providing $370,000 Worth of Free Care to Illinois Residents in Need

Retrieved on: 
Friday, January 6, 2023

CHICAGO, Jan. 6, 2023 /PRNewswire/ -- TAG - The Aspen Group, a nationwide leader in consumer health care, today celebrated its first patients served after the opening of its state-of-the-art TAG Oral Care Center for Excellence in 2022. The new center already provided $370,000 worth of free care and is expected to provide additional care to 2,500 underserved patients each year.

Key Points: 
  • The new center already provided $370,000 worth of free care and is expected to provide additional care to 2,500 underserved patients each year.
  • ft. clinic opened in July 2022 with the mission to provide comprehensive dental care at no cost to underserved patients in Illinois.
  • "Our first implant course was a huge success and makes us very enthusiastic about the future of the TAG Oral Care Center," said Julie Frantsve-Hawley, Ph.D., CAE, executive director of the TAG Oral Care Center.
  • The TAG Oral Care Center builds on TAG's history of breaking down barriers and expanding access to care.

High Haven Wins Five Licenses in Illinois for Cannabis Operations

Retrieved on: 
Thursday, September 22, 2022

High Haven received licenses in four BLS regions throughout the state, including Chicago-Naperville-Elgin, Bloomington, St. Louis, and Carbondale, through its advocacy in the state and engagement with Illinois corrective lottery.

Key Points: 
  • High Haven received licenses in four BLS regions throughout the state, including Chicago-Naperville-Elgin, Bloomington, St. Louis, and Carbondale, through its advocacy in the state and engagement with Illinois corrective lottery.
  • More information can be found about High Havens Illinois cannabis license winnings, here: High Haven beat long odds by winning a lottery and a court challenge.
  • We are thrilled to receive five new cannabis licenses in the important, ground-breaking Illinois market, which has helped the US craft one of the most successful legal cannabis markets in the world, said Mahja Sulemanjee-Bortocek, CEO of High Haven.
  • The group secured multiple cannabis business licenses in Illinois following the success of HH Entertainment, its flagship cannabis entertainment operation in Bay City, Michigan.

MariMed Acquires Fifth Adult-Use Dispensary License in Illinois

Retrieved on: 
Monday, August 8, 2022

The dispensary license is for the BLS District #16, which is situated in the Central-Eastern part of Illinois, bordering Indiana.

Key Points: 
  • The dispensary license is for the BLS District #16, which is situated in the Central-Eastern part of Illinois, bordering Indiana.
  • Vernon, Illinois, making MariMed a full vertical operator in the state when completed.
  • I am excited to announce we have acquired our fifth dispensary license in Illinois, which will further bolster our market share in that state, said Bob Fireman, Chief Executive Officer of MariMed.
  • Acquiring another dispensary in Illinois aligns with our strategic growth plan and delivers on another shareholder commitment.

Body and Mind Reports Q3 FY2022 Financial Results

Retrieved on: 
Tuesday, June 21, 2022

LAS VEGAS and VANCOUVER, BC, June 21, 2022 /PRNewswire/ - Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) (the "Company" or "BaM"), a multi-state US cannabis operator, is pleased to report its financial results for the third fiscal quarter ended April 30, 2022.

Key Points: 
  • LAS VEGAS and VANCOUVER, BC, June 21, 2022 /PRNewswire/ - Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) (the "Company" or "BaM"), a multi-state US cannabis operator, is pleased to report its financial results for the third fiscal quarter ended April 30, 2022.
  • Received first concentrate extracts from third-party extractor using Body and Mind biomass;
    Cultivation operations achieved steady state of operations with flower and extracted product sales through wholesale to other dispensaries and sales in the attached Body and Mind dispensary.
  • Expended brands and offerings at the Body and Mind dispensary in Muskegon;
    Paused the Manistee cultivation and production facility construction for evaluation.
  • "Our team continues to expand retail and wholesale operations as our newer facilities in Ohio, Arkansas and Michigan ramp up with increased product offerings," stated Michael Mills, CEO of Body and Mind.

Ayr Wellness Closes Acquisition of Herbal Remedies Dispensaries, LLC

Retrieved on: 
Wednesday, May 25, 2022

MIAMI, May 25, 2022 (GLOBE NEWSWIRE) -- Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (Ayr'' or the Company), a leading vertically integrated U.S. multi-state cannabis operator (MSO), today announced it has closed the definitive agreement to acquire Herbal Remedies Dispensaries, LLC (Herbal Remedies), an operator of two licensed retail dispensaries in Quincy, Illinois.

Key Points: 
  • MIAMI, May 25, 2022 (GLOBE NEWSWIRE) -- Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (Ayr'' or the Company), a leading vertically integrated U.S. multi-state cannabis operator (MSO), today announced it has closed the definitive agreement to acquire Herbal Remedies Dispensaries, LLC (Herbal Remedies), an operator of two licensed retail dispensaries in Quincy, Illinois.
  • We are thrilled to finalize the acquisition of Herbal Remedies, strengthening our operational footprint with the addition of Illinois, a strategic and growing adult-use market, said Jonathan Sandelman, Founder, Chairman and CEO of Ayr.
  • Herbal Remedies was among the first cannabis dispensaries licensed in the State of Illinois when the State approved the Compassionate Use of Medical Cannabis Program in 2013.
  • Herbal Remedies has licenses and sells cannabis for both uses, as will Ayr going forward.