SAFER

Readout of SBA Administrator Guzman’s Visit to Allentown with President Biden

Retrieved on: 
Friday, January 12, 2024

Upon arriving in Allentown, Administrator Guzman and President Biden joined U.S. Rep. Susan Wild and Sen. Bob Casey for visits to three local small businesses.

Key Points: 
  • Upon arriving in Allentown, Administrator Guzman and President Biden joined U.S. Rep. Susan Wild and Sen. Bob Casey for visits to three local small businesses.
  • Later in the day, Administrator Guzman and President Biden visited Mack Southside Fire Station and Training Academy, home to Allentown’s fire department training academy.
  • Administrator Guzman and President Biden were greeted by the president of the firefighters’ union and the head of the training academy before embarking on a tour of the facility.
  • Together, Administrator Guzman and President Biden met with firefighters and thanked them for their service to their community and country.

Unrivaled Brands Announces Non-Binding Letters of Intent For a Significant Acquisition and Provides Stockholder Update

Retrieved on: 
Thursday, November 16, 2023

Currently, the Operators who are party to the Letters of Intent include 11 operating retail dispensary entities, 4 cultivation operations, and 1 manufacturing facility which includes a commercial kitchen and distribution hub.

Key Points: 
  • Currently, the Operators who are party to the Letters of Intent include 11 operating retail dispensary entities, 4 cultivation operations, and 1 manufacturing facility which includes a commercial kitchen and distribution hub.
  • Geographic Expansion: The Proposed Transaction expands and connects the Company's footprint statewide, opening up fresh avenues and synergies in previously untapped markets.
  • Synergistic Integration: The new assets are anticipated to seamlessly integrate with Unrivaled’s existing operations driving operational efficiencies and improved profitability.
  • Enhanced Stakeholder Value: Acquisitions underline Unrivaled's commitment to delivering continuous and augmented value to its stockholders and employees.

Cannabis M&A Trend Report Issued by Leading Corporate Law Firm Marks Industry Shift

Retrieved on: 
Tuesday, November 14, 2023

Bianchi & Brandt , a full-service corporate law firm with expertise in highly regulated industries such as cannabis, has published A Corporate Law Perspective on The Great Correction in Cannabis M&A , its proprietary trend report on the financial realities of an industry expected to top $34 billion this year.

Key Points: 
  • Bianchi & Brandt , a full-service corporate law firm with expertise in highly regulated industries such as cannabis, has published A Corporate Law Perspective on The Great Correction in Cannabis M&A , its proprietary trend report on the financial realities of an industry expected to top $34 billion this year.
  • Key takeaways from The Great Correction trend report include:
    Cannabis’ current hottest M&A targets are emerging markets, cultivation and retail licenses
    “The Great Correction is really all-encompassing,” Brandt says.
  • “It applies to the cannabis industry's initial frenzy of loose valuations with handshake deals that marked the start of the cannabis boom.
  • The industry has since been invigorated by possible reform in cannabis policy at the federal level for the first time.”

RIV Capital Reports Financial Results for the Fiscal Quarter Ended September 30, 2023

Retrieved on: 
Wednesday, November 29, 2023

All financial information in this press release is reported in U.S. dollars unless otherwise indicated.

Key Points: 
  • All financial information in this press release is reported in U.S. dollars unless otherwise indicated.
  • "We were thrilled to advance this latest step in the process and remain eager to launch adult-use sales in the state.
  • To prepare for our entry, we have significantly bolstered our New York footprint with our Chestertown facility expansion successfully coming online in the quarter."
  • Financial Results for the Fiscal Quarter Ended September 30, 2023
    The following is a summary of the Company's financial results for three and six months ended September 30, 2023, and 2022.

Lawsuit Seeks Equal Treatment for Cannabis Businesses

Retrieved on: 
Thursday, October 26, 2023

SPRINGFIELD, Mass., Oct. 26, 2023 /PRNewswire/ -- A coalition of U.S. cannabis operators and investors working in state-legal medical and adult-use cannabis markets today filed a lawsuit against U.S. Attorney General Merrick Garland. The coalition, represented by the law firm Boies Schiller Flexner, seeks to enjoin the federal government from enforcing the Controlled Substances Act in a manner that interferes with the intrastate cultivation, manufacture, possession, and distribution of cannabis, pursuant to state law. The lawsuit asserts that the federal government has no basis for enforcing the Controlled Substances Act against intrastate, state-regulated cannabis operations.

Key Points: 
  • The lawsuit asserts that the federal government has no basis for enforcing the Controlled Substances Act against intrastate, state-regulated cannabis operations.
  • The lawsuit seeks to confirm the rights of Massachusetts and other states to regulate cannabis within their borders, and to confirm the corresponding limits on the federal government's power to regulate commerce.
  • Absent the relief sought in this lawsuit, Plaintiffs and other state-regulated cannabis operators will continue to suffer severe harms.
  • The result is that many cannabis businesses are suffering, people are losing their jobs and individual wealth is being destroyed.

CIRCLING THE BARREL Alcohol Legislative Trends 2013-2022 & The California 10-Year Review of Alcohol Policy

Retrieved on: 
Wednesday, October 25, 2023

CAPETOWN, South Africa, Oct. 25, 2023 /PRNewswire/ -- Carson Benowitz-Fredericks, Research Director at California-based  Alcohol Justice, and lead author of Alcohol Legislative Trends 2013-2022 & The California 10-Year Review of Alcohol Policy, presented the new report today at The Global Alcohol Policy Conference 2023, Cape Town, South Africa.

Key Points: 
  • New Report From Alcohol Justice Presented At The Global Alcohol Policy Conference 2023, Cape Town, South Africa
    CAPETOWN, South Africa, Oct. 25, 2023 /PRNewswire/ -- Carson Benowitz-Fredericks, Research Director at California-based Alcohol Justice, and lead author of Alcohol Legislative Trends 2013-2022 & The California 10-Year Review of Alcohol Policy, presented the new report today at The Global Alcohol Policy Conference 2023, Cape Town, South Africa.
  • The report is based upon a systematic evaluation of alcohol-related California legislation from 2013 to 2022.
  • That's what we set out to answer—what are California legislators doing, and how can we hold them accountable?"
  • From the report: "Over the 10-yer period, 380 bills were identified as potentially affecting alcohol policy in California.

National Fire Sprinkler Association Supports National Fire Service Initiatives

Retrieved on: 
Wednesday, October 11, 2023

Linthicum Heights, MD, Oct. 11, 2023 (GLOBE NEWSWIRE) -- The National Fire Sprinkler Association is proud to support and partner with other national fire service organizations in support of national initiatives.

Key Points: 
  • Linthicum Heights, MD, Oct. 11, 2023 (GLOBE NEWSWIRE) -- The National Fire Sprinkler Association is proud to support and partner with other national fire service organizations in support of national initiatives.
  • “We are happy to support and be involved in so many positive national fire initiatives, this week’s Summit on Fire Prevention and Control brought together national leaders to share about so many important issues affecting us all,” stated Shane Ray, NFSA President and Congressional Fire Service Institute board member.
  • WHO:   This event is hosted by the Congressional Fire Services Institute, International Association of Fire Chiefs, International Association of Fire Fighters, National Fallen Firefighters Foundation, National Fire Protection Association, and National Volunteer Fire Council.
  • Even while they protect their communities from an ever-increasing range of hazards, firefighters face physical and mental health challenges due to their service.

Top Strike Announces 2024 First Quarter Financial Results ending July 31, 2023 and Corporate Update

Retrieved on: 
Friday, September 29, 2023

As at July 31, 2023, 57% of the Company's assets was directly related to US cannabis activities.

Key Points: 
  • As at July 31, 2023, 57% of the Company's assets was directly related to US cannabis activities.
  • The Company generated $149,995 (2022 - $97,942) in interest income from its short-term treasury deposits and two receivable notes.
  • Expenses for the three months ended July 31, 2023, were $236,900 (2022 - $277,992).
  • On August 16, 2023, the Company amended and restated its definitive agreement with Cannavative (the "A&R Definitive Agreement" or the "Transaction").

Green Check Statement and Availability to Comment on the SAFER Banking Act

Retrieved on: 
Wednesday, September 27, 2023

Green Check (GC), the leading fintech connector and technology and insights provider in the emerging cannabis market, today released the following statement from Kevin Hart, its founder and CEO, on the SAFER Banking Act.

Key Points: 
  • Green Check (GC), the leading fintech connector and technology and insights provider in the emerging cannabis market, today released the following statement from Kevin Hart, its founder and CEO, on the SAFER Banking Act.
  • “This is the first time we’ve been optimistic about the passage of the SAFER Act.
  • “While the proposed language in the legislation is far from perfect, it would represent real progress if it is adopted.
  • To arrange an interview with Green Check, please contact Caliber Corporate Advisers at [email protected] .

TEAMSTERS COMMEND SENATE FOR PASSING SAFER BANKING ACT OUT OF COMMITTEE

Retrieved on: 
Wednesday, September 27, 2023

WASHINGTON, Sept. 27, 2023 /PRNewswire/ -- The Teamsters Union commends the U.S. Senate Committee on Banking, Housing and Urban Affairs for passing S. 2860, the Secure and Fair Enforcement Regulation (SAFER) Banking Act, earlier today.

Key Points: 
  • WASHINGTON, Sept. 27, 2023 /PRNewswire/ -- The Teamsters Union commends the U.S. Senate Committee on Banking, Housing and Urban Affairs for passing S. 2860, the Secure and Fair Enforcement Regulation (SAFER) Banking Act, earlier today.
  • The SAFER Banking Act would provide safer working conditions for cannabis workers by amending federal laws to allow their employers more access to traditional financial services.
  • "Passing SAFER banking is a necessary part of this process and can help improve working conditions while easing operational burdens for employers across the country."
  • "Everyone in the cannabis industry — workers, consumers, and business — supports the SAFER Banking Act.