GOLDEN, Colo. -- SHF Holdings Inc., d/b/a/ Safe Harbor Financial, a leader in facilitating financial services and credit facilities to the regulated cannabis industry, successfully exited a $3.1 million loan that was previously in default. In addition to the full repayment of the principal, Safe Harbor received $202,175 in accrued interest, all of which will be reallocated into its lending and...

LONDON, Ontario -- Indiva Limited was granted creditor protection pursuant to an order from the Ontario Superior Court of Justice (Commercial List) under the Companies’ Creditors Arrangement Act (the “CCAA”). The Initial Order also appointed PricewaterhouseCoopers Inc. as the monitor of the Indiva Group, and approved debtor-in-possession financing from Indiva’s senior secured lender, SNDL Inc.. Pursuant to an Order granted on July 5,...

DES MOINES, Iowa -- Sunmed | Your CBD Store, a provider of non-pharmaceutical wellness products, seeks urgent support from consumers, small business advocates, and the community in general to challenge the recent Iowa "Hemp Amendments" — House File 2605 and House File 2641 — which criminalize the manufacture and sale of otherwise legal full spectrum hemp and narrow the definition...

NORTHAMPTON, Mass. -- Fernway, a leading Northeastern US cannabis brand, today reported its financial results and an update on strategic transactions. For the quarter ended June 30, 2024 (Q2), Fernway generated $10.2M in wholesale revenue and an estimated annualized retail gross merchandise value (GMV) of $85M+. This represents +135% year over year growth, an acceleration vs Q1 2024. For the quarter ended...

PROVIDENCE, RI – As Rhode Island navigates its emerging cannabis market, Parabola Center for Law and Policy, in partnership with Rhode Island's Cannabis Policy Coalition, will host its second annual Anti-Monopoly Cannabis Crash Course Saturday, July 13, from 9:00 AM to 1:00 PM at the Providence Public Library. This timely and educational event aims to highlight Rhode Island's pivotal role in...

CALGARY, AB - Over the past month, Decibel Cannabis Company Inc. has executed a series of initiatives to improve operating efficiencies and focus on reducing expenses. These came in the form of process optimization, portfolio rebalancing, right-sizing labour and new market exploration. The purpose of this release is to provide some insight into these initiatives that form the basis of our...

CALGARY, AB - SNDL Inc. has entered into a purchase agreement (the "Bid Agreement") with Indiva Limited ("Indiva") and its direct and indirect subsidiaries pursuant to which SNDL has offered to purchase all of the issued and outstanding shares of Indiva and the business and assets of the Indiva Group for consideration comprising of a credit bid of all of the indebtedness of...

PHOENIX - 4Front Ventures Corp., a vertically integrated, multi-state cannabis operator and retailer, withdrew the brokered offering announced on June 26. This strategic decision comes after a comprehensive review of current market conditions, including recent controversies regarding the federal regulatory outlook. The Company also appointed current Company director Kris Krane Chair of the Board in place of Robert Hunt, who is departing the...

CALGARY, Alberta -- Papa's Herb, a rapidly expanding cannabis brand in North America, has partnered with Calgary's Chinook Cannabis to become the first legally sold disposable vape brand at a Canadian music festival since the AGLC regulations were updated on February 1st, 2024, making Alberta the first province to make these changes, creating new job opportunities. “It’s an honor to...

SACRAMENTO, Calif. -- The California State Fair Cannabis Awards announced its Gold and Silver medal winners. Judges awarded more than 100 medals across nine categories and 44 subcategories, including outdoor flower, mixed light flower, pre-rolls, concentrates, cartridges, edibles, beverages and wellness products. Gold medal winners are now vying for nine coveted “Best of California” Golden Bear trophies, likened to the...