Day: June 23, 2020

On:

Multistate cannabis operator iAnthus Capital Holdings received a demand for repayment on a secured debenture issuance as well as a notice of intention to enforce security under Canadian bankruptcy law. New York-based iAnthus defaulted on interest payments on that debt in April and expects to default on payments again atContinue Reading

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ABM Equipment of Vancouver, WA has developed a new system which dries up to 10,000 lbs. of cannabis per hour with minimal loss of cannabinoids. This is a significant improvement over last year’s larger and more expensive tumbler & belt dryers, which burned more CBD and energy respectively. ABM’s processContinue Reading

On:

Multistate operator and vertically integrated marijuana company Harvest Health & Recreation finalized a deal to sell eight California retail stores to Los Angeles-based High Times Holding. Under terms of the recently updated agreement, Harvest has sold a portfolio of equity and assets of eight operational and planned dispensaries in CaliforniaContinue Reading

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Canada’s largest market for adult use cannabis products saw its 100th retail store authorization this month, Alcohol and Gaming Commission of Ontario records show, though not all the stores are open as they complete the regulatory process. It is an important milestone for a province that has lagged other jurisdictionsContinue Reading

On:

The regulatory body for therapeutic goods in Australia is reviewing complaints involving the noncompliant advertising of medical cannabis products. The Therapeutic Goods Administration (TGA) says it “has written to a number of entities in relation to noncompliance with the law with instruction to cease unlawful behaviour.” “The majority of respondentsContinue Reading