THC

Clever Leaves Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, April 1, 2024

TOCANCIPÁ, Colombia, April 01, 2024 (GLOBE NEWSWIRE) -- Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (“Clever Leaves” or the “Company”), a global medicinal cannabis company, is reporting financial and operating results for the fourth quarter and full year ended December 31, 2023. All financial information is provided in US dollars unless otherwise indicated.

Key Points: 
  • Subsequent to the end of the fourth quarter, we completed the $1.5 million sale of our Portuguese farm assets.
  • As we progress into 2024, we remain focused on driving further capital preservation and operational efficiencies.”
    Fourth Quarter 2023 Summary vs.
  • Same Year-Ago Quarter1
    Revenue in the fourth quarter of 2023 increased 5% to $4.6 million compared to $4.4 million for the same period in 2022.
  • Net loss in 2023 includes a $3.7 million loss on investment related to the fourth quarter sale of the Company’s remaining Cansativa stake.

Rubicon Organics Reports 2023 Financial Results

Retrieved on: 
Thursday, March 28, 2024

2023 and Subsequent Sales & Operational Highlights:

Key Points: 
  • 2023 and Subsequent Sales & Operational Highlights:
    Rubicon Organics has established high-quality partnerships for contract grow and co-manufacturing to complement our own premium production and to satisfy the increasing demand for our brands.
  • Simply Bare™ Organic launched infused pre-rolls under the Simply Bare™ Organic brand, including the “Layer J” in BC and Ontario in October 2023.
  • The Company appointed Margaret Brodie as permanent Chief Executive Officer and Janis Risbin as Chief Financial Officer.
  • Q4 2023 Financial and Market Share Highlights:
    For the three months ended December 31, 2023
    The Company will be hosting a conference call to discuss Q4 2023 results on Thursday, March 28, 2024.

Get Ready to Elevate Your Chill Game with Evn's New Hybrid Gummies!

Retrieved on: 
Thursday, March 28, 2024

The new Hybrid Gummies stand out not just for their equilibrium of cannabinoids, with a balanced 1:1 ratio, but also for their flavor – the luscious Anjou Pear.

Key Points: 
  • The new Hybrid Gummies stand out not just for their equilibrium of cannabinoids, with a balanced 1:1 ratio, but also for their flavor – the luscious Anjou Pear.
  • This particular type of pear, known for its juicy and sweet characteristics, ensures that each bite is as pleasurable as it is beneficial.
  • These new hemp-derived Hybrid Gummies by Evn set themselves apart not only in quality but also in legality.
  • For consumers looking to enhance their daily routine with something truly unique, Evn’s new Hybrid Gummies are now available for purchase.

Hemp, Inc. Announces Significant Progress in Hemp Seed Meal Approval for Laying Hen Diets

Retrieved on: 
Wednesday, March 27, 2024

LAS VEGAS, NV, March 27, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- In a recent development for the agricultural and hemp industries, Hemp, Inc. (OTC: HEMP) is thrilled to announce that hemp seed meal is on the cusp of receiving approval for use in animal feed, starting with laying hen diets.

Key Points: 
  • LAS VEGAS, NV, March 27, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- In a recent development for the agricultural and hemp industries, Hemp, Inc. (OTC: HEMP) is thrilled to announce that hemp seed meal is on the cusp of receiving approval for use in animal feed, starting with laying hen diets.
  • Hemp seed meal is recognized for its rich content of vitamins, minerals, oils, and proteins, offering substantial benefits to laying hens.
  • Notably, hemp seeds are devoid of THC and CBD, components that have raised concerns in other hemp products due to potential contamination risks.
  • The Hemp Feed Coalition has ensured that any presence of these substances in hemp seed will be classified as contaminants, aligning with regulatory standards.

Avicanna Announces the Canadian Launch of 10% CBD (THC Free) Proprietary Formulation

Retrieved on: 
Wednesday, March 27, 2024

TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Avicanna Inc. (“Avicanna” or the “Company) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) a biopharmaceutical company focused on the development, manufacturing, and commercialization of plant-derived cannabinoid-based products is pleased to announce the launch of RHO Phyto Micro Drop 100, a 10% CBD (THC free), proprietary oral formulation in Canada. RHO Phyto Micro Drop 100, is designed to deliver enhanced absorption of cannabinoids through an inverted emulsion technology. RHO Phyto Micro Drop 100 will be available to Canadian patients with medical authorization exclusively at the MyMedi.ca medical cannabis care platform.

Key Points: 
  • TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Avicanna Inc. (“Avicanna” or the “Company) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) a biopharmaceutical company focused on the development, manufacturing, and commercialization of plant-derived cannabinoid-based products is pleased to announce the launch of RHO Phyto Micro Drop 100, a 10% CBD (THC free), proprietary oral formulation in Canada.
  • RHO Phyto Micro Drop 100, is designed to deliver enhanced absorption of cannabinoids through an inverted emulsion technology.
  • RHO Phyto Micro Drop 100 will be available to Canadian patients with medical authorization exclusively at the MyMedi.ca medical cannabis care platform.
  • RHO Phyto Micro Drop 100 contains the same proprietary oral formulation as the product Trunerox™.

AYR Wellness Launches kynd Premium Edibles in Florida and Nevada

Retrieved on: 
Wednesday, March 27, 2024

MIAMI, March 27, 2024 (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 that its flagship cannabis brand, kynd, will launch its first line of premium edibles in Florida and Nevada.

Key Points: 
  • MIAMI, March 27, 2024 (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 that its flagship cannabis brand, kynd, will launch its first line of premium edibles in Florida and Nevada.
  • Patients in Florida can now begin exploring kynd's newest offering, with Nevada to follow in the coming weeks.
  • We believe our customers in Florida and Nevada will be thrilled with the new offerings, and we look forward to introducing kynd edibles to customers and wholesale partners in additional states later this year.
  • To learn more about Season of Kyndness, kynd's refreshed brand identity or the launch of premium edibles in Florida and Nevada, please visit www.kynd.com or @kyndflower on Instagram.

Muha Meds Continues to Expand with First California Dispensary New Los Angeles Store Lights Up with Grand Opening & Homecoming for Brand

Retrieved on: 
Tuesday, April 9, 2024

LOS ANGELES, April 9, 2024 /PRNewswire/ -- Muha Meds , the cannabis brand known for setting the industry standard, is proud to announce the opening of their first titular California retail location in the Eagle Rock region of Los Angeles.

Key Points: 
  • LOS ANGELES, April 9, 2024 /PRNewswire/ -- Muha Meds , the cannabis brand known for setting the industry standard, is proud to announce the opening of their first titular California retail location in the Eagle Rock region of Los Angeles.
  • Located at 1731 Colorado Blvd, Los Angeles, CA 90041, Muha Meds celebrated with a grand opening party and ribbon cutting ceremony on Saturday, March 30th where fans of the brand enjoyed festivities alongside the leadership team.
  • The 800+ square feet of space channels the overall look and feel of Muha Meds products into brick and mortar form — modern, sleek and luxurious.
  • Featuring custom murals that celebrate Los Angeles culture and unique holographic displays, the store creates an unparalleled cannabis retail experience in the East Los Angeles region.

Minnesota's Top-Selling THC Beverage Brand Trail Magic Wins National Honors at the High Spirits Awards in California

Retrieved on: 
Monday, April 8, 2024

MINNEAPOLIS, April 8, 2024 /PRNewswire-PRWeb/ -- Minneapolis-based THC beverage producer Trail Magic, which was launched by Minneapolis Cider Company in 2022, has won a top prize from California's High Spirits Awards, a national celebration of cannabinoid-infused beverages launched by the L.A. Spirits Awards. Trail Magic won Best Infused Ready-To-Drink, a national recognition for Minnesota's top-selling THC beverage brand.

Key Points: 
  • Trail Magic won Best Infused Ready-To-Drink, a national recognition for Minnesota's top-selling THC beverage brand.
  • Trail Magic launched in July 2022, just weeks after Minnesota changed its laws allowing for hemp-derived THC in edible and drinkable products.
  • Since then, hordes of Minnesota-based beverage and edibles manufacturers have followed suit, ushering low-dose THC products into the mainstream culture.
  • With Minnesota leading the nation in THC beverage production, Dayton is eager to see more people get introduced to low-dose THC consumption.

Cronos Launches Lord Jones® Chocolate Fusions

Retrieved on: 
Monday, March 25, 2024

TORONTO, March 25, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”), an innovative global cannabinoid company, announced today the launch of Lord Jones® Chocolate Fusions, its exciting first entry into the chocolate edibles category.

Key Points: 
  • TORONTO, March 25, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”), an innovative global cannabinoid company, announced today the launch of Lord Jones® Chocolate Fusions, its exciting first entry into the chocolate edibles category.
  • “We are thrilled to bolster the recent successful launch of the Lord Jones® brand in Canada with our first chocolate edibles,” said Jeff Jacobson, Chief Growth Officer, Cronos.
  • We believe Chocolate Fusions™ are a category-defining product that will expand the chocolate segment,” said Mike Gorenstein, President, Chairman, and Chief Executive Officer, Cronos.
  • Lord Jones® Chocolate Fusions launch in Ontario this month and will be available throughout Canada by mid-2024.

Redecan Cannabis Launches New Spring Lineup

Retrieved on: 
Thursday, March 21, 2024

Later this Spring, Redecan will debut its new Redees Hemp’d Taster Series and additional new flower.

Key Points: 
  • Later this Spring, Redecan will debut its new Redees Hemp’d Taster Series and additional new flower.
  • This innovative release marks Redecan’s commitment to providing consumers with exceptional cannabis experiences.
  • The Redecan Redees Hemp’d Taster Series will allow consumers to enjoy a variety of distinct indica strains in one convenient 10-pack of straight-cut pre-rolls.
  • You can find Space Age Cake Flower and pre-rolls at authorized cannabis retailers in select regions and retailers across Canada, along with the Redees Hemp’d Taster Series later this Spring.