Marijuana real estate company Innovative Industrial Properties (IIP) amended a lease on a cannabis cultivation and processing property in Danville, Pennsylvania, operated by Green Thumb Industries, yielding a $55 million reimbursement for GTI’s development of a new building.
The Canadian government still has no publicly projected launch date for its mandatory review of the country’s 2018 recreational cannabis legalization law, more than eight months after the reappraisal was due to begin.
Quebec’s government-owned Société québécoise du cannabis (SQDC) cannabis retail monopoly ratified an agreement in principle with a group of workers represented by one union, although a strike by workers represented by another union remains unresolved.
Canadian cannabis producer Organigram said it has reached a “proposed settlement” over a class action lawsuit regarding pesticide-contaminated medical marijuana that the company recalled in late 2016 and early 2017.
Canadian cannabis company Sundial Growers said it signed a deal to put in a stalking horse bid to buy the assets of distressed Hexo Corp. subsidiary Zenabis Global, which filed for creditor protection last week.
Canadian marijuana insiders say a new federal “cannabis strategy table” bringing together industry leaders and government officials will be an opportunity to discuss key concerns such as excise taxes, marketing restrictions and THC limits on edibles and beverages.