Legality of cannabis

NewLake Capital Partners Expands Real Estate Partnership and Closes on Cultivation and Processing Facility with The Mint in Arizona

Retrieved on: 
Wednesday, July 7, 2021

NEW CANAAN, Conn., July 07, 2021 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (NewLake), a leading provider of real estate capital to state-licensed cannabis operators, today announced the acquisition of a parcel of land for the construction of a 130,757-square-foot cultivation and processing facility in Phoenix, Arizona.

Key Points: 
  • NEW CANAAN, Conn., July 07, 2021 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (NewLake), a leading provider of real estate capital to state-licensed cannabis operators, today announced the acquisition of a parcel of land for the construction of a 130,757-square-foot cultivation and processing facility in Phoenix, Arizona.
  • Concurrent with the closing of the acquisition, NewLake entered into a long-term, triple-net lease agreement with The Mint, a vertically integrated multi-state cannabis operator based in Tempe, Arizona, which intends to operate the property as a licensed cultivation and processing facility.
  • NewLake is a leading provider of real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases, as well as funding for build-to-suit projects.
  • NewLake has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.

Tilray’s Aphria RX GmbH Subsidiary Completes First Successful Harvest and Delivery of Medical Cannabis Grown in Germany

Retrieved on: 
Wednesday, July 7, 2021

Tilray, Inc. (NASDAQ | TSX: TLRY), a global pioneer in cannabis research, cultivation, production, and distribution, today announced that its wholly-owned subsidiary in Germany, Aphria RX GmbH, has completed the first successful harvest of medical cannabis cultivated in Germany for distribution to German pharmacies.

Key Points: 
  • Tilray, Inc. (NASDAQ | TSX: TLRY), a global pioneer in cannabis research, cultivation, production, and distribution, today announced that its wholly-owned subsidiary in Germany, Aphria RX GmbH, has completed the first successful harvest of medical cannabis cultivated in Germany for distribution to German pharmacies.
  • The medical cannabis harvest is the first cultivated under European Good Manufacturing Practices (EU GMP) standard at Tilrays state-of-the-art 6,000 square meter indoor growing facility in Neumnster, Germany.
  • Our harvest in Germany represents an important milestone in granting access to high-quality and trustworthy medical cannabis to patients and healthcare professionals in Germany, said Denise Faltischek, Tilray's Head of International and Chief Strategy Officer.
  • Our achievement would not have been possible without the trust and cooperation of the Federal Institute for Drugs and Medical Devices (BfArM) and the Germany Cannabis Agency, for which we are sincerely grateful.

Trulieve Announces Start of Operations in West Virginia

Retrieved on: 
Wednesday, July 7, 2021

TALLAHASSEE, Fla., July 7, 2021 /PRNewswire/ - Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company based in the United States, announced today that it commenced operations in West Virginia.

Key Points: 
  • TALLAHASSEE, Fla., July 7, 2021 /PRNewswire/ - Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company based in the United States, announced today that it commenced operations in West Virginia.
  • The Company has begun cultivation at their 100,000 square foot size facility in Huntington, West Virginia.
  • "West Virginia patients have been waiting on medical cannabis for some time, and we are happy to announce we have planted our first crop," said Trulieve Chief Executive Officer Kim Rivers.
  • Trulieve also holds licenses to operate in California, Massachusetts, Pennsylvania, Connecticut, and West Virginia.

Sundial Increases Commitment to SunStream Bancorp Inc. by $350 Million

Retrieved on: 
Wednesday, July 7, 2021

CALGARY, AB, July 7, 2021 /PRNewswire/ -Sundial Growers Inc. (NASDAQ: SNDL) ("Sundial" or the "Company") announced that it has increased its commitment to SunStream Bancorp Inc. ("SunStream") to $538 millionfrom its previously announced commitment of $188 million.

Key Points: 
  • CALGARY, AB, July 7, 2021 /PRNewswire/ -Sundial Growers Inc. (NASDAQ: SNDL) ("Sundial" or the "Company") announced that it has increased its commitment to SunStream Bancorp Inc. ("SunStream") to $538 millionfrom its previously announced commitment of $188 million.
  • Our business is reported and analyzed under two operating segments: one being Cannabis and the other being Investments.
  • Our investment operations seek to deploy strategic capital through direct and indirect investments and partnerships throughout the global cannabis industry.
  • Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release.

Developers Strive to Create Innovative Safeguards Against Cannabis Abuse

Retrieved on: 
Tuesday, July 6, 2021

The expanding nature of cannabis legalization, as well as the increasing advancement in cannabis genetic growth and intellectual property, is also fueling the growth of the market.

Key Points: 
  • The expanding nature of cannabis legalization, as well as the increasing advancement in cannabis genetic growth and intellectual property, is also fueling the growth of the market.
  • Recreational use of cannabis is legalized in 18 states, the District of Columbia, the Northern Mariana Islands, as well as Guam.
  • Specifically, government regulators have voiced their concerns over the potential for cannabis abuse.
  • This has led to recent reports from AAA and IIHS outlining the impact of driving performance under the influence of cannabis.

GTEC Holdings Announces Date of Second Quarter 2021 Earnings Release and Conference Call Details

Retrieved on: 
Tuesday, July 6, 2021

Management will host a conference call to discuss the financial results for GTEC on July 14, 2021 at 5.00 p.m. Eastern Time.

Key Points: 
  • Management will host a conference call to discuss the financial results for GTEC on July 14, 2021 at 5.00 p.m. Eastern Time.
  • The Company has three fully licensed and operational facilities and is currently distributing cannabis through medical and recreational sales channels.
  • GTEC is a publicly traded corporation, listed on the TSXV (GTEC), OTCQB Venture Market (GGTTF) and Frankfurt Stock Exchange (1BUP).
  • Accordingly, readers should not place undue reliance on forward-lookinginformation, which speak only as of the date of this news release.

Curaleaf International Secures Complete GMP Certification of Second EU GMP Facility in Europe

Retrieved on: 
Tuesday, July 6, 2021

Antonio Costanzo, CEO of Curaleaf International, said, This approval once more validates our science-led strategy and integrated business model.

Key Points: 
  • Antonio Costanzo, CEO of Curaleaf International, said, This approval once more validates our science-led strategy and integrated business model.
  • It will also significantly increase our ability to manufacture and export high-quality medical cannabis products across the growing European market and beyond.
  • Curaleaf International (formerly EMMAC Life Sciences Group) is Europes largest vertically integrated cannabis company, bringing together pioneering science and research with cutting-edge cultivation, extraction and production.
  • With a unique supply and distribution network throughout Europe, Curaleaf Internationals vision is to bring the life-enhancing potential of cannabis to the people who need it.

GABY Inc. Discusses Mankind Merger and Launch of Kind Republic Cannabis Brand with The Stock Day Podcast

Retrieved on: 
Thursday, July 1, 2021

"We're on track to do $40 million in revenue this year, and we are cash flow positive," said Micallef.

Key Points: 
  • "We're on track to do $40 million in revenue this year, and we are cash flow positive," said Micallef.
  • Jolly then asked about a recent release on June 17th detailing the Company's launch of their cannabis brand, Kind Republic.
  • Mankind is a well-known, and highly respected dispensary with deep roots in the California cannabis community operating in San Diego, California.
  • GABY curates and sells a diverse portfolio of products, including its own proprietary brands, Kind Republic, Sonoma Pacific and Lulu's through Mankind.

Medical Marijuana, Inc. Subsidiary HempMeds® Applauds Mexico’s Supreme Court for Decriminalizing Cannabis

Retrieved on: 
Thursday, July 1, 2021

The Supreme Court has been one of the main engines working toward establishing the Mexican cannabis industry.

Key Points: 
  • The Supreme Court has been one of the main engines working toward establishing the Mexican cannabis industry.
  • This new Supreme Court ruling stated that sections of the countrys general health law prohibiting personal consumption and home cultivation of marijuana are unconstitutional.
  • Now more than ever, the public is in favor of cannabis legalization in both Mexico and the US.
  • Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act.

HERBL Announces Retirement of Chief Operating Officer Art Smuck, Appoints Robert Turner as Incoming COO

Retrieved on: 
Wednesday, June 30, 2021

SANTA BARBARA, Calif., June 30, 2021 /PRNewswire/ -- HERBL, California's largest cannabis distributor and supply chain solutions company, today announced the retirement of its Chief Operating Officer (COO), Art Smuck, and the appointment of Robert (Bobby) Turner as the incoming COO.

Key Points: 
  • SANTA BARBARA, Calif., June 30, 2021 /PRNewswire/ -- HERBL, California's largest cannabis distributor and supply chain solutions company, today announced the retirement of its Chief Operating Officer (COO), Art Smuck, and the appointment of Robert (Bobby) Turner as the incoming COO.
  • Mr. Turner joins HERBL with over three decades of management experience at Whole Foods Market and will oversee operations, transportation, purchasing and product security throughout the organization.
  • At HERBL, Mr. Smuck led the company's Operations, Transportation, HR, Legal, Compliance, Loss Prevention and IT departments.
  • In June, HERBL announced its acquisition of Blackbird, a premier cannabis distributor and direct-to-consumer software solutions company based in Nevada.