Marijuana multistate operator Red White & Bloom Brands plans to acquire financially troubled Canadian cannabis operator Aleafia Health in a share-exchange agreement.
Solomon Israel
Solomon Israel's Latest Posts
Connecticut repeals marijuana investor tax credit, permits new tax deductions
Connecticut is repealing a program that provided a tax credit to marijuana industry angel investors while changing its tax rules to permit cannabis business expense deductions from state taxes.
Maryland offers funds to help medical marijuana operators move into adult use
Maryland is offering grants and loans to help existing medical marijuana companies move into the state’s impending adult-use cannabis market.
Cannabis operator Canopy to be booted off S&P/TSX Composite Index
Canadian-listed shares of cannabis operator Canopy Growth Corp. will be removed from the S&P/TSX Composite Index, a market benchmark equivalent to the S&P 500 in the United States.
Cronos pulls plug on US hemp and CBD operations
Toronto-based Cronos Group is pulling out of the U.S. hemp-derived CBD market “to improve its cash flow in the near term.”
Price tag revealed for sale of Shoppers Drug Mart cannabis assets
Canadian cannabinoid product company Avicanna has revealed how much it is paying to buy a medical cannabis business from major Canadian pharmacy chain Shoppers Drug Mart: 2.6 million Canadian dollars ($1.9 million).
Cannabis retailer Fire & Flower reviewing strategic options
Canadian marijuana retail chain Fire & Flower Holdings says it is “reviewing strategic options including financing options,” as the company requires more funding to continue doing business.
Organigram makes THCV investment in US cannabis genetics company Phylos
Canadian producer Organigram Holdings is investing as much as $8 million in Portland, Oregon-based cannabis genetics and seeds company Phylos Bioscience.
As debt looms, Canadian cannabis company Aleafia starts strategic review
Canadian cannabis producer Aleafia Health has launched a strategic review process to determine the company’s options as it amends the terms of a loan from lender NE SPC II.
Why are Canadian cannabis products recalled for incorrect labels?
At a time when the accuracy of cannabis label claims is already under scrutiny, recalls for erroneous labels may matter more than ever.
First recreational-only marijuana retailers open in New Jersey
New Jersey’s cannabis regulator says the state’s first two recreational-only marijuana retail stores are now open after being granted licenses.
Costa Rica issues first medical marijuana cultivation license
The government of Costa Rica issued the first business license to cultivate and process marijuana for medical purposes to Azul Wellness S.A.
