Multistate marijuana company Verano Holdings signed a definitive agreement to go public on the Canadian Securities Exchange at a value of $2.8 billion through a reverse takeover (RTO) of an existing, publicly held company. Marijuana firm Verano plans to go public at $2.8 billion valuation is a post from: MarijuanaContinue Reading
Multistate marijuana company Verano Holdings intends to go public on the Canadian Securities Exchange at a value of nearly $2.9 billion through a reverse takeover (RTO) of an existing, publicly held company, according to reports. The move comes only a month after Chicago-based Verano signed a definitive agreement to acquireContinue Reading
New Jersey legislators may vote on a contentious adult-use implementation bill this week. Here’s what’s in it. The post 5 takeaways from New Jersey’s cannabis legalization bill appeared first on Leafly. Read More: 5 takeaways from New Jersey’s cannabis legalization billContinue Reading
Bermuda is taking its first steps to formally lay the legal groundwork for a regulated adult-use and medical cannabis industry, potentially setting up a clash with the United Kingdom, which has thus far stifled an attempt by the British Virgin Islands to regulate medical marijuana. Attorney General and Minister ofContinue Reading
We’re learning a lot about the ways THC and CBD interact with the endocannabinoid system (ECS) to stimulate appetite and help treat pain, anxiety, and epileptic seizures. But cannabis contains a vast array of minor cannabinoids as well. What is their therapeutic potential and how do they work in theContinue Reading
A California life sciences company named Biomedican is drawing significant attention for the rapid progress it’s made in patented, low-cost methods of biosynthesizing rare cannabinoids. The company uses a proprietary strain of yeast named Yarrowia lipolytica to extract pharmaceutical-grade cannabinoids that are chemically identical to those extracted from cannabis plants.Continue Reading
While most adult-use cannabis licenses in Arizona will go to the roughly 120 existing medical marijuana operators in the state, about a dozen will be available in underserved rural counties. That’s according to state regulators, who also said they are confident in meeting business licensing timelines despite the coronavirus pandemic.Continue Reading
Multistate marijuana operator Cresco Labs has extended the maturity of a senior secured loan and boosted the size of the debt funding to the maximum $200 million. The Chicago-based company secured an initial $100 million loan from a syndicate of lenders in January. The expanded loan will now mature onContinue Reading
Canadian cannabis producer Hexo Corp. reported a net loss of 4.2 million Canadian dollars ($3.2 million) for the quarter ended Oct. 31, 2020, a significant improvement over the company’s CA$170 million loss in the previous three-month period. The Ottawa, Ontario-based company saw net revenue rise 8.8% quarter-over-quarter to CA$29.5 million,Continue Reading
Hälsa Botanicals is a luxury CBD skincare and tinctures company dedicated to harnessing the power of plants to promote natural wellness. While the company is based in California, Founder and CEO Catherine Bander was attracted to the word “hälsa,” which is Swedish for “health” when branding the company. She wantedContinue Reading
