Cannabis

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

Thursday, April 15, 2021 - 2:01pm

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.

Columbia Care Launches First of Its Kind Medical Cannabis Capsule in UK; Provides More Precise Dosing Option and Longer Lasting Therapeutic Benefits for Physicians and Patients

Thursday, April 15, 2021 - 8:00am

This is the first solid-fill capsule of its kind available in the UK and the first dose-metered medicinal cannabis product to be manufactured in the UK.

Key Points: 
  • This is the first solid-fill capsule of its kind available in the UK and the first dose-metered medicinal cannabis product to be manufactured in the UK.
  • These dosing options enable prescribing physicians to offer proven, cannabis-based medical solutions with a degree of precision previously unavailable in the UK market.
  • We believe this has the potential to truly drive normalization around cannabis use for physicians and patients alike,\xe2\x80\x9d said Rosemary Mazanet, M.D./Ph.D., Chief Scientific Officer, Columbia Care.
  • Not only are most patients familiar with a capsule, but many will also see other benefits of this formulation.

Colorado Cannabis Edibles Front Runner TasteBudz Expands Portfolio, Launching ebb

Thursday, April 15, 2021 - 3:03pm

b'The innovative minds behind the leading Colorado cannabis-infused gummy brand, TasteBudz , announced today the launch of ebb , a fast-acting THC dissolvable powder using nano-encapsulating technology.

Key Points: 
  • b'The innovative minds behind the leading Colorado cannabis-infused gummy brand, TasteBudz , announced today the launch of ebb , a fast-acting THC dissolvable powder using nano-encapsulating technology.
  • ebb is water-soluble, fast-acting, low in sugar, gluten-free and vegan.\nebb pays homage to its Earth-centered name\xe2\x80\x94inspired by the ebb and flow of the ocean\xe2\x80\x94by featuring sustainability-minded packaging.
  • Throughout 2021, ebb will continue to launch new cannabinoid products and expand across Colorado.
  • With its fast-acting effects and functional ingredients like electrolytes and vitamin C, ebb pairs perfectly with outdoor activities, exercise recovery and self-care routines.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210415005274/en/\n'

Cresco Labs Closes Acquisition of Bluma Wellness, Expands Into Florida

Wednesday, April 14, 2021 - 9:01pm

Cresco Labs and Bluma Wellness have proven track records of operational execution and together have key advantages for growth and a clear pathway to scale.

Key Points: 
  • Cresco Labs and Bluma Wellness have proven track records of operational execution and together have key advantages for growth and a clear pathway to scale.
  • We look forward to amplifying operations and executing our playbook in Florida this year and in the years to come.\xe2\x80\x9d said Charlie Bachtell, CEO and Co-Founder of Cresco Labs.\n\xe2\x80\x9cWe couldn\xe2\x80\x99t be more excited to begin working with Cresco Labs to execute our shared vision for aggressive expansion in Florida,\xe2\x80\x9d said Brady Cobb, CEO of Bluma Wellness.
  • 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.
  • Sunnyside, Cresco Labs\xe2\x80\x99 national dispensary brand, is a wellness-focused retailer created to build trust, education and convenience for both existing and new cannabis consumers.

Global Cannabinoid Hemp Oil Market Research Report (2020 to 2025) - Featuring Aphria, Canopy Growth and Elixinol Among Others - ResearchAndMarkets.com

Wednesday, April 14, 2021 - 3:11pm

What is the market size and forecast of the Global Cannabinoid Hemp Oil Market?\n2.

Key Points: 
  • What is the market size and forecast of the Global Cannabinoid Hemp Oil Market?\n2.
  • What are the inhibiting factors and impact of COVID-19 shaping the Global Cannabinoid Hemp Oil Market during the forecast period?\n3.
  • Which are the products/segments/applications/areas to invest in over the forecast period in the Global Cannabinoid Hemp Oil Market?\n4.
  • What are the modes and strategic moves considered suitable for entering the Global Cannabinoid Hemp Oil Market?\n'

Heritage Cannabis Holdings Subsidiary CannaCure Receives Amended Sales License Allowing for the Sale of Dried Cannabis Products

Wednesday, April 14, 2021 - 12:00pm

b'Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (\xe2\x80\x9cHeritage\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), is pleased to announce that its subsidiary CannaCure Corp. (\xe2\x80\x9cCannaCure\xe2\x80\x9d) has been granted an amended sales license by Health Canada, effective April 12, 2021.

Key Points: 
  • b'Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (\xe2\x80\x9cHeritage\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), is pleased to announce that its subsidiary CannaCure Corp. (\xe2\x80\x9cCannaCure\xe2\x80\x9d) has been granted an amended sales license by Health Canada, effective April 12, 2021.
  • This amended sales license allows Heritage to sell dried cannabis products, including flower and pre-rolls, directly to the provincial and territorial cannabis boards.\nHeritage already offers extract and extract derivative products across Canada through their Pura Vida, Purefarma, RAD, Premium 5, and feelgood.
  • brands, and with this amended license, will have the opportunity to address the largest category in terms of revenue in the Canadian cannabis market, topping 67% of total product sales in 2020.
  • In Canada, Heritage operates through its subsidiaries Voyage Cannabis Corp. and CannaCure Corp., both regulated under the Cannabis Act Regulations.

Makers of Topricin Announce Strategic Partnership With National Cannabis and Hemp leader, Toast

Wednesday, April 14, 2021 - 12:02pm

b"Topical BioMedics, Inc. today announced a new exclusive partnership with Aspen, CO born Toast, a national cannabis and hemp company.

Key Points: 
  • b"Topical BioMedics, Inc. today announced a new exclusive partnership with Aspen, CO born Toast, a national cannabis and hemp company.
  • Topricin is available in over 40,000 locations nationwide.\n\xe2\x80\x9cOur goal is to continue providing cutting edge solutions for our customers.
  • You can also find Topricin products online at topricin.com, amazon.com, walmart.com, walgreens.com, target.com, and jet.com.\nBorn in Aspen, Toast is a national, BIPOC led Cannabis and Hemp Multi-State Brand.
  • Toast consumers enjoy products across the full spectrum of cannabis and hemp during life\xe2\x80\x99s celebratory moments.

Operator of Some of the Largest Dispensaries in the U.S. Celebrates 4/20 with Car Giveaway, Name Change & Hiring Spree Amidst National Expansion

Tuesday, April 13, 2021 - 12:25pm

It is also an up-and-comer on the national cannabis scene, having recently received the \xe2\x80\x9cMost Innovative Medical Cannabis Dispensary\xe2\x80\x9d designation from the international Commercial Cannabis Awards.\nThe Mint recently opened its third Arizona retail location in metropolitan Phoenix.

Key Points: 
  • It is also an up-and-comer on the national cannabis scene, having recently received the \xe2\x80\x9cMost Innovative Medical Cannabis Dispensary\xe2\x80\x9d designation from the international Commercial Cannabis Awards.\nThe Mint recently opened its third Arizona retail location in metropolitan Phoenix.
  • At 5,000-square-feet, it is the largest in the city of Phoenix, and the second largest in Arizona.
  • A Mint-branded retail location in Kalamazoo, Michigan opened in October; it will be followed by new retail and cultivation locations in Clare, Portage, Coldwater, and Monroe this year.
  • For more information, visit themintcannabis.com .\nMedia note: To access and download visuals from The Mint, click here: https://bit.ly/2Q95a0g\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210413005624/en/\n'

Pamos, a California-Born Cannabis Spirit, Launches in Los Angeles

Tuesday, April 13, 2021 - 2:00pm

Pamos is a premium quality, non-alcoholic cannabis spirit infused with THC, CBD, and plant terpenes and is now available for pre-orders at www.pamos.com in Los Angeles.

Key Points: 
  • Pamos is a premium quality, non-alcoholic cannabis spirit infused with THC, CBD, and plant terpenes and is now available for pre-orders at www.pamos.com in Los Angeles.
  • With the belief that a good time shouldn\xe2\x80\x99t be a gamble, Pamos speaks to conscious consumers who want to satisfy their social needs without sacrificing their wellness goals.
  • The THC in the Pamos spirits provides a sense of calm, while the CBD is included to relax one\xe2\x80\x99s body.
  • Pamos can be enjoyed on the rocks or you can tap into your inner mixologist to make it your own.

Clear Cannabis Inc. Announces Partnership with Trucenta to Bring The Clear Back to Michigan Market

Tuesday, April 13, 2021 - 1:06pm

b'Clear Cannabis Inc. (CCI), master licensor of legacy cannabis concentrates brand The Clear\xe2\x84\xa2 , has announced a partnership with the vertically-integrated cannabis company Trucenta to bring The Clear brand to Michigan.

Key Points: 
  • b'Clear Cannabis Inc. (CCI), master licensor of legacy cannabis concentrates brand The Clear\xe2\x84\xa2 , has announced a partnership with the vertically-integrated cannabis company Trucenta to bring The Clear brand to Michigan.
  • \xe2\x80\x9cWe finally found the perfect partner to provide the quality and consistency that Michigan consumers deserve.
  • Keep an eye on The Clear website and your favorite dispensaries for launch availability.\nFor information on where to find The Clear, visit: www.clearconcentrate.com\nClear Cannabis, Inc. is a national cannabis brand company and licensor of The Clear\xe2\x84\xa2.
  • Established in 2013, The Clear THC products are available in multiple cannabis markets in the U.S., with CBD products distributed internationally.