Hemp-derived CBD product maker Charlotte’s Web Holdings signed a distribution agreement with major liquor distributor Southern Glazer’s Wine & Spirits.
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US, Canadian marijuana stocks surge, decline after Biden announcement
Shares of publicly traded cannabis companies surged late Thursday and then declined Friday morning after U.S. President Joe Biden’s surprise announcement that he would direct the government to review the federal drug scheduling of marijuana and issue pardons for federal MJ-possession offenses.
Aurora Cannabis repurchases $23 million worth of debt
Canadian marijuana company Aurora Cannabis reduced its debt load by repurchasing roughly 31.3 million Canadian dollars ($23 million) worth of its convertible senior notes.
Marijuana financier Justin Costello arrested after federal fraud indictments
Marijuana finance executive Justin Costello, former CEO of Seattle-based GRN Funds, has been arrested after allegedly going on the run following a criminal indictment by the U.S. Department of Justice.
British Columbia to accept farm-gate cannabis store applications in November
Federally licensed cannabis producers in British Columbia, Canada, can apply to sell adult-use products from stores at their cultivation sites beginning Nov. 3 as the province prepares to launch its long-awaited cannabis farm-gate program.
International cannabis company Akanda gets Nasdaq share price notice
International medical cannabis company Akanda Corp. says its shares could be delisted from the Nasdaq Capital Market after the stock exchange gave notice that the bid price of Akanda’s shares had fallen below its required minimum.
Cannabis financier Safe Harbor renamed SHF Holdings after SPAC acquisition
Special purpose acquisition company (SPAC) Northern Lights Acquisition closed its acquisition of cannabis financial institution Safe Harbor Financial, taking the company public on the Nasdaq Capital Market and changing its name to SHF Holdings.
Ancillary cannabis company Greenlane sells head office for nearly $10 million
Cannabis industry ancillary products company Greenlane Holdings sold its corporate headquarters in Boca Raton, Florida, for nearly $10 million.
Canadian cannabis grower Sugarbud seeking creditor protection
Canadian cannabis producer Sugarbud Craft Growers Corp. is seeking creditor protection.
Real Brands to acquire white-label CBD producer Boulder Botanical for $12M
CBD wellness product company Real Brands struck a $12 million deal to acquire Boulder Botanical & Bioscience Laboratories, a manufacturer of white-label herbal supplements and CBD products, from Frankens Investment Fund.
Canopy Growth quits Canadian cannabis retail business
Canadian cannabis company Canopy Growth Corp. has thrown in the towel on its bricks-and-mortar cannabis retail operations in Canada, selling off 28 corporate-owned stores under its Tweed and Tokyo Smoke retail brands, closing five more and ending franchising and licensing agreements.
Mississippi reaps millions in medical marijuana fees before sales begin
The Mississippi government has collected millions of dollars in revenue from medical marijuana businesses, even though MMJ sales have not yet begun.
