Mugglehead · Page 15

Minnesota adult use cannabis bill moves through the House
Apr 25, 2023, 11:47 pm By Rowan Dunne
The Minnesota House agreed that adult-use cannabis should be legalized in the state on Tuesday, voting 71-59 in favour of a lengthy bill that will now be moving to the Senate on Friday. If the bill is approved later this week, Minnesota would become the 23rd…

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SNDL yearly revenue skyrockets to $712.2M in 2022
Apr 25, 2023, 5:30 pm By Natalia Buendia Calvillo
SNDL Inc. (NASDAQ: SNDL) has achieved a remarkable increase in revenue, surpassing $712.2 million in 2022, up more than tenfold from the previous year. In their latest financial and operational results for the full year and fourth quarter ending Dec. 31, 2022,…

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InterCure to distribute Mike Tyson’s cannabis internationally
Apr 21, 2023, 11:15 pm By Rowan Dunne
Israel’s InterCure Ltd. (NASDAQ: INCR) (TSX: INCR.U) (TASE: INCR) has entered into a binding agreement with famed boxer Mike Tyson’s cannabis brand Tyson 2.0 to distribute the latter company’s merchandise internationally. InterCure announced the…

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UBC Okanagan researchers isolate genome of fungus that devastated cultivation facility
Apr 20, 2023, 11:44 pm By Rowan Dunne
A team of researchers from the University of British Columbia’s Okanagan campus have identified and isolated the genome of a deadly fungus that wreaked havoc on a cannabis cultivation facility in the Kootenays. The institution announced the accomplishment on…

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iAnthus opens Atlantic City’s first adult use dispensary on 4/20
Apr 19, 2023, 9:08 pm By Rowan Dunne
New York City’s iAnthus Capital Holdings, Inc. (CSE: IAN) (OTCPK: ITHUF) is opening Atlantic City’s first adult use cannabis dispensary this 4/20. The multi-state operator announced the development on Wednesday after receiving necessary regulatory…

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Uber Eats partners with Leafly to deliver cannabis in B.C.
Mon 9:57pm By Rowan Dunne
British Columbia residents will soon be able to order cannabis products from Uber Technologies Inc.’s (NYSE: UBER) Uber Eats delivery service thanks to a new partnership with the renowned cannabis platform Leafly Holdings Inc (NASDAQ: LFLY). The companies…

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Curaleaf gets recreational license denied by New Jersey’s cannabis commission
Apr 14, 2023, 5:39 pm By Natalia Buendia Calvillo
One of the largest cannabis operators in the United States, Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) has been denied its license to operate in New Jersey. This Thursday, the state’s Cannabis Regulatory Commission voted against giving the cannabis…

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Health Canada seeks feedback for potential changes to federal cannabis regulations
Apr 14, 2023, 4:16 pm By Rowan Dunne
Health Canada is seeking public feedback regarding potential amendments to cannabis legislation in the country until May 24 this year. The government department announced its request on March 25 and says feedback obtained will be used to help mitigate public…

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Ayr Wellness completes acquisition of Nevada’s Tahoe Hydroponics for US$1.5M
Apr 12, 2023, 11:35 pm By Rowan Dunne
AYR Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF) has finalized its acquisition of Nevada’s Tahoe Hydroponics, a small award winning cannabis cultivator that was previously owned and operated by two families. Ayr announced the deal’s closing on…

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Aurora Cannabis expands Australian portfolio with new high THC product
Apr 12, 2023, 5:42 pm By Natalia Buendia Calvillo
Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) has expanded its Australian portfolio of medical cannabis products and launched a new high-THC flower to be used by patients of MedReleaf Australia. Aurora announced the partnership with the private firm MedReleaf…

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Portland is best city for cannabis in the United States: survey
Apr 11, 2023, 9:31 pm By Rowan Dunne
The best city for cannabis in the United States is Portland Oregon, according to a new survey from the cannabis education platform Leafly Holdings Inc. (NASDAQ: LFLY) and Real Estate Witch, a publication dedicated to simplifying the real estate industry for…

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Tilray reports $1.1B in losses during Q3 2023, acquires Hexo for $75M
Apr 11, 2023, 6:16 pm By Natalia Buendia Calvillo
Tilray Brands, Inc. (Nasdaq: TLRY) (TSX: TLRY) lost $1.1 billion this quarter because of higher interests and a decline in market capitalization but the company says the loss doesn’t impact its cash flows or liquidity. The leading cannabis producer announced…

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Charlotte’s Web, AJNA Biosciences and tobacco giant partner to develop drug for neurological disorders
Apr 10, 2023, 11:34 pm By Rowan Dunne
Charlotte’s Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) has partnered with the multinational tobacco giant British American Tobacco (BAT) PLC (LSE: BATS) (NYSE: BTI) and botanical drug developer AJNA Biosciences in a joint venture (JV) aimed at acquiring…

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Tilray Medical enters distribution partnership in Czech Republic
Apr 10, 2023, 6:55 pm By Rowan Dunne
Tilray Brands, Inc.’s (Nasdaq: TLRY) (TSX: TLRY) medical cannabis division Tilray Medical has expanded its European footprint into the Czech Republic through a new distribution agreement. The company also announced Monday that its beer subsidiary Sweetwater…

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Half of Canadian medical cannabis users do not hold medical authorization: MCAS
Apr 5, 2023, 8:28 pm By Natalia Buendia Calvillo
Only half of the people that use cannabis for health purposes hold medical authorization, according to the latest Medical Cannabis Access Survey. The survey results released on Tuesday showed that medical cannabis also seemed to reduce the use of other…

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Men and younger generations consume the most cannabis: Headset report
Apr 4, 2023, 10:14 pm By Rowan Dunne
The majority of cannabis sold in Canada and the United States during the first months of this year was purchased by men, Millennials and Gen Z customers, according to the analytics firm Headset. Headset released a new report on Thursday outlining cannabis user…

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SNDL acquires four Dutch Love stores for $7.8M
Mar 30, 2023, 11:13 pm By Rowan Dunne
SNDL Inc. (NASDAQ: SNDL) will be acquiring four of Dutch Love’s seven stores and waiving $3 million in debt owed to the company by the dispensary chain as one of the transaction’s conditions. The Calgary cannabis company announced the deal on Wednesday…

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Curaleaf Holdings acquires medical cannabis firm Deseret Wellness for US$20M
Mar 30, 2023, 6:26 pm By Rowan Dunne
Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) is set to expand its footprint in the medical cannabis market with the acquisition of Deseret Wellness, one of Utah’s leading cannabis suppliers, for approximately US$20 million in cash and stock. The deal…

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Shoppers Drug Mart hands its medical cannabis business over to Avicanna
Mar 28, 2023, 8:38 pm By Rowan Dunne
Shoppers drug mart has revealed that it plans to phase out its medical cannabis business over the next three months and hand it over to Toronto’s Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN). The pharmacy chain owned by Loblaw Companies…

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Entourage Health launches new CBD-infused gum
Mar 28, 2023, 5:39 pm By Rowan Dunne
Entourage Health Corp. (TSX-V: ENTG) (OTCQX: ETRGF) has launched a new exclusive line of CBD-infused chewing gum for patients using its medical platform and says the product has been formulated for rapid onset. The Canadian producer also announced on Monday…

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