TORONTO - MediPharm Labs Corp. and Kensana Health Inc. have entered into a share purchase agreement for the purchase and sale of MediPharm's facility in Napanee, Ontario, through a disposition of all of the Company's indirect equity interests in its wholly-owned subsidiary ABcann Medicinals Inc. to Kensana Health for $5.5 million in cash. Kensana Health has agreed to acquire all of...

TAMPA, Fla. -- Cansortium Inc., a vertically-integrated, multi-state cannabis company operating under the FLUENT brand, is the first dispensary in Florida to offer Freedom Town Holdings’ new flower window bags, a significant advancement in both product presentation and regulatory compliance. The design of the new flower bags, which maintain the required child-resistant closures and detailed labeling, allows patients to...

CLEVELAND -- Standard Wellness Holdings LLC, a leading Multi-state cannabis operator, and its affiliates have secured a $10 million credit facility from a prominent commercial bank. The strategic financing, structured as a 10-year term loan amortizing over 20 years with a competitive 9.25% interest rate, will support the Company's continued growth initiatives and operational expansion. The facility also enabled partial...

WASHINGTON -- Federally funded survey data provided by the University of Michigan reports that teen marijuana use has declined significantly over the past decade and is now at historic lows. Consistent with data previously reported by the Centers for Disease Control and Prevention and the National Survey on Drug Use and Health, the University of Michigan’s annual Monitoring the Future report...

MORRISTOWN, N.J. - Ascend Wellness Holdings, Inc., a vertically integrated multi-state cannabis operator focused on bettering lives through cannabis, has completed the repurchase for cancellation of 11,000,000 shares of its Class A common stock, representing over 5% of the outstanding Class A common stock, in a private transaction from an institutional investor. The Purchased Shares were repurchased by AWH at a...

TORONTO -- Organigram Holdings Inc., a leading licensed producer of cannabis, reported its results for the fourth quarter and twelve months ended September 30, 2024. All financial information is expressed in Canadian dollars. Comparable Periods The Company's results for Q4 Fiscal 2024 and Fiscal 2024 reflect the three-month and 12-month periods ended September 30, 2024. The Company’s change in year-end effected...

The annual Grasslands gathering during Weed Week in Las Vegas attracts like-minded industry executives, policy leaders, and innovators.  "There's an undeniable power to an intentionally curated room, and this year's Grasslands Party was simply electric and our most memorable networking event yet," said Ricardo Baca, founder and chief executive officer at Grasslands. "So many CEOs, investors, and journalists came up...

As our industry continues its inevitable—yet agonizingly slow—journey toward becoming a mainstream player in the consumer packaged goods (CPG) sector, marketers in the industry can learn valuable lessons from their CPG counterparts. Today’s smartest marketing approaches this essential work as though federal legalization could happen tomorrow. Here are three key CPG strategies cannabis brands should be sure to adopt. Lesson one Cannabis...

CHARLOTTE, N.C. -- Mr. Hemp Flower took home the first-place award at the 2024 High Times Hemp Cup in the Legal Psychoactive Flower and Pre-Rolls category for its THCa Peanut Butter Pie strain. The High Times Hemp Cup is a nationally renowned competition that celebrates excellence and innovation in hemp-derived products. Judges across the country evaluate entries ranging from smokables and concentrates...

MJBizCon returned to the Las Vegas Convention Center December 2-6, attracting thousands of cannabis industry professionals from around the world. The B2B cannabis industry conference and trade show featured engaging panels, innovative product showcases, and ample networking opportunities to set the tone for 2025. Part 1: Shots from the show floor.