Canada’s SNDL Poised to Acquire U.S. Cannabis Assets
CALGARY, AB - SNDL Inc., through its joint venture in SunStream Bancorp Inc., intends to proceed with the acquisition of equity positions in U.S. cannabis assets. This follows the completion of a review by SNDL's listing authority, Nasdaq. SNDL has been in regular and active dialogue with Nasdaq, in respect of structuring and governance related to the SunStream USA Group....
PPWR rollout provides “golden opportunity” for packaging industry evolution
LONDON -- The final adoption of the EU's Packaging and Packaging Waste Regulations (PPWR) marks a significant milestone in the journey towards a more sustainable future for Europe’s print and packaging sector.
Intended to bring total uniformity where the incumbent Packaging and Packaging Waste Directive (PPWD) allowed room for interpretation, the PPWR deal has now been struck.
The agreed PPWR terms...
Embarc Launches ‘The Smoke Show’ at Cali Roots Music Festival
MONTEREY, Calif. -- Embarc, a leader in California's cannabis industry, proudly announces "The Smoke Show," an immersive cannabis experience set to debut at the California Roots Music & Arts Festival ("Cali Roots") from May 24-26. This will be the first activation to introduce onsite cannabis sales and consumption at the renowned Monterey event, aligning with Embarc's mission to destigmatize cannabis through...
3CHI Study Shows Delta-8 THC Safety
INDIANAPOLIS -- 3CHI concluded a detailed tolerability and safety assessment of its Platinum Delta 8 THC oil, conducted in collaboration with Hera Biolabs. The study confirmed the safety of Delta 8 THC. This is the first in a series of tests 3CHI is conducting to evaluate and further prove the safety and efficacy of its products.
In this study, Sprague Dawley rats...
RAW Rolling Papers Donates $100,000 to Weldon Project
LOS ANGELES – The Weldon Project, a non-profit organization dedicated to ending cannabis prohibition and rectifying the harms it has caused, is honored to share that RAW Giving has donated $100,000 to the non-profit. RAW Giving is the name given to the charitable efforts of Josh Kesselman’s company, HBI International, which produces RAW Rolling Papers. The contribution will bolster...
Canopy Debt-for-Shares Deal Yields Additional US$50M at 7.5% Interest
SMITHS FALLS, ON - Canopy Growth Corporation entered into an exchange and subscription agreement with a single institutional investor pursuant to which Canopy Growth is expected to receive gross proceeds of approximately US$50 million and exchange approximately C$27.5 million of existing debt maturing in September 2025 for a new senior unsecured convertible debenture of the Company maturing five years from the date...
2024 ‘Best of Weedmaps’ Winners Unveiled
IRVINE, Calif. -- Weedmaps, a leading online cannabis marketplace for consumers, named the 2024 winners of the “Best of Weedmaps: The People’s Choice” awards. The 2024 program aims to celebrate the businesses, delivery operators and brands who are working to elevate the cannabis shopping experience on the Weedmaps platform.
According to Jackie Gonzalez-Becerra, Vice President of Revenue at Weedmaps, winners...
Humboldt Seed Company Goes Global
SAN FRANCISCO -- Humboldt Seed Company (HSC), California's leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established...
Nova Farms Secures $20 Million Financing with Chicago Atlantic
ATTLEBORO, Mass. – Nova Farms, the Northeast's largest, privately owned, vertically
integrated cannabis operator, is excited to announce it has secured a $20 million capital investment from
Chicago Atlantic. This substantial injection of
funds is a pivotal moment for Nova as they expand in the world of cannabis commerce. Presently, the industry-leading cannabis company manages a Massachusetts cultivation farm, seven retail brands,...
High Tide Appoints New Chief Financial Officer
CALGARY, AB - High Tide Inc. appointed Mayank Mahajan to the role of Chief Financial Officer.
Mr. Mahajan brings an exceptional range of expertise from a career in financial services, technology, manufacturing, trading and leasing that spans more than 15 years. Among his more notable accomplishments, he has overseen M&A and business integration, debt and equity raises, contract negotiations, and led corporate...
