Month: June 2020 (Page 21)

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Clever Leaves could become the first medical cannabis company with its main operations in Colombia to list on the Nasdaq stock market. The company said that it entered into a nonbinding letter of intent (LOI) to combine its business with Schultze Special Purpose Acquisition Corp. (SAMA). The two parties areContinue Reading

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Toronto-based cannabis sector financier Trichome Financial Corp. received court approval to complete its acquisition of troubled Ontario marijuana grower James E. Wagner Cultivation Corp. (JWC). JWC entered creditor protection in April. Trichome, which had a debtor-in-possession loan deal with JWC, announced its successful stalking horse bid for the company inContinue Reading

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It took eight months, but Connecticut lawmakers have added chronic pain as a qualifying condition to use medical cannabis, which could significantly boost the state’s growing, $100 million-plus market. The bipartisan legislative panel, according to the Connecticut Post, also agreed with a state Board of Physicians recommendation in late SeptemberContinue Reading

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Everyone who has grown a substantial crop in their basement will attest to the strong odor the crop produces as the plant matures. Most people have been busted simply because of the strong smell of a mature plant permeating the air around the home in question. There are a fewContinue Reading

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The California Bureau of Cannabis Control, which oversees all sectors of the legal marijuana industry in the state except for cultivators and manufacturers, has requested more funding to greatly expand its enforcement capabilities. According to the Sacramento Bee, the Bureau of Cannabis Control (BCC) put forth a budget request toContinue Reading

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Beleaguered multistate cannabis retailer Green Growth Brands’ sale and investment solicitation process (SISP) was approved by a Canadian court. Green Growth Brands is based in Columbus, Ohio, but court filings show its parent company is registered in Ontario. The company announced an initial creditor protection order from the Ontario SuperiorContinue Reading