Marijuana Business Magazine - Issue 09, Oct 2017

The acquisition must be approved by New York regula- tors and the Canadian Securities Exchange (CSE). CSE approval is needed because iAnthus – which has offices in New York and Toronto – trades on that exchange. The transaction includes $3.6 million in cash and $14.4 million in iAnthus shares priced at $2.40 per share. In announcing the deal, iAnthus also said it’s no longer seeking to acquire Valley Agriceuticals, which obtained its New York MMJ license at the same time as Citiva Medical. Two Canadian Companies Win Licenses Experion Biotechnologies of Vancouver, British Colum- bia, and Zenabis of Atholville, New Brunswick, have won licenses to cultivate medical cannabis in Canada. The country now has approved 54 licensed producers, though it has a backlog of more than 400 applications. Cannabis Sativa Buys Majority Stake in PrestoDoctor Cannabis Sativa – which owns cannabis and hemp companies and is based in Mesquite, Nevada – acquired 51% of PrestoDoctor , a medical marijuana telemedicine platform that provides consultations for medical mari- juana patients. Terms weren’t disclosed. PrestoDoctor launched in California in 2015 and expanded its services to Nevada the following year. According to a news release, PrestoDoctor has facilitated tens of thousands of appointments and is the first MMJ company to be accepted into the American Telemedicine Association. PrestoDoctor joins other subsidiaries owned by Cannabis Sativa, including iBudtender, Hi Brands International, Wild Earth Naturals and White Rabbit. California Law Firm Launches Cannabis Practice Dickenson Peatman & Fogarty , a California law firm, launched a cannabis practice group that will serve companies in the state’s marijuana industry. DP&F said it has a long history of represent- ing businesses in regulated industries, including the alcohol sector. Erin Carlstrom, a senior counsel, will lead the new cannabis practice group based out of DP&F’s Santa Rosa office. ◆ Have a company announcement you want us to consider? Send a press release or general information to: OmarS@MJBizDaily.com. (Note: We’re looking for news about expansions, financing, deals, partnerships and similar devel- opments, not product-related announcements.) Attorney Erin Carlstrom leads a new cannabis practice group. Visit us at MJBizCon in Las Vegas Us DRY ICE TAPWATER o S o P D s o w s o o c . Po Sc c co o w s v o o c s o s. EXTRACTIONCHILLER.COM Extraction • Rotary Evaporator • Short Path Distillation • Cold Trap CONTROL IT.