Marijuana Business Magazine - January 2017

Youngest Marley Tries CBD Line California-based Stony Hill Corp., a mari- juana company founded by Damian Marley, the youngest son of late reggae star Bob Marley, launched a line of hemp-derived CBD prod- ucts. They include CBD tinctures, gummies and topical creams that will sell under the name Stony Hill CBD on the Stony Hill website and in “select locations” in the United States. Organa Brands Partner in Jamaica Gets Grow License Organa Brands – a provider of vape pens, edibles and other infused prod- ucts – said its partner in Jamaica, Timeless Herbal Care, has received a cultivation license from the country’s Cannabis Licensing Authority. Under the partnership, Denver-based Organa Brands will produce and distribute CO₂-extracted cannabis oil products in Jamaica. The agreement will make Organa Brands products available via Timeless Herbal Care’s production and cultivation facility. Chong Bong Partnership Los Angeles-based Daily High Club, an online cannabis accessory store, has partnered with comedian and actor Tommy Chong to produce a smoking supply box that will include paraphernalia such as rolling papers and glass. It will be delivered monthly to customers’ homes. Colorado Retailer Expands into Canada Denver-based marijuana retail chain LivWell Enlight- ened Health has acquired a “significant” equity stake in an Alberta, Canada, cannabis producer, 51st Parallel. Executives from the two companies declined to disclose specific financial terms, but the deal essentially makes the Canadian company a LivWell affiliate. LivWell’s deal is believed to be the first time an American cannabis company has made a strategic move into Canada with the possibility of establishing an integrated business that offers both production and retail operations. San Diego’s Lone Grow Ups Production Anticipating increased demand from California’s new adult-use market, San Diego County’s only licensed cannabis grower will increase production from 1,000 pounds in 2017 to at least 2,000 pounds this year and possibly as much as 5,000 pounds. In addi- tion to its San Diego site, Outco has two licensed grow facilities in Long Beach, which will produce 1,000 pounds per month once operational. Steep Hill Expanding Into Oregon Steep Hill, one of the largest U.S. cannabis testing labs, said it is expanding into Oregon – a move that will give the company a presence in eight states. The California-based company has licensed its brand and testing technology to a local Oregon partner, Dr. Carl Balog, an anesthesiologist who already owns a medical toxicology lab. Balog will open Steep Hill Oregon in the second quarter of 2018 in Portland. In addition to testing cannabis before it goes to market, Balog will aid in Steep Hill’s research into further medical applications for marijuana. Steep Hill already has labs in Alaska, Arkansas, California, Hawaii, Maryland, New Mexico and Washington state. Hoban Goes International Denver-based Hoban Law Group is expanding inter- nationally, with four new offices in the European Union that were due to open in late 2017 and two offices that will open in Latin America by spring. The new interna- tional offices will deal primarily with structured finance, M&A activity, worldwide trade, regulatory law and equity placement exclusively in the cannabis industry. Arizona Real Estate Company Working on Third Grow Park Scottsdale, Arizona-based Zoned Properties, a canna-cen- tric real estate company that operates two medical cannabis grow sites, announced plans to build a 47.6-acre business park in Chino Valley, roughly 100 miles north of Phoenix. CANADA DEVELOPMENTS Groundbreaking Partnership Three leading international cannabis businesses are pooling their intellectual property and technology to create products for the global marijuana market, starting with Canada. Under the joint venture, Ontario’s Canopy Growth will give ownership stakes in one of its wholly owned licensed medical marijuana producers to Amsterdam’s Green House Brands and Denver-based Organa Brands. In exchange for a stake in Agripharm, Green House and Organa Brands have granted an exclusive, royalty-free license to the Ontario cultivator to use their technology, trademarks, genetics and other intellectual property. The joint venture will create a Canadian base for both Green House – which owns Strain Hunters, Green House Seed Co. and King of Cannabis – and Organa Brands, a provider of vape pens, edibles and other infused products. The two companies plan to use the partnership as a springboard to access the global market by leveraging Canopy’s international operations in Canada, Australia, Germany and other nations. Tommy Chong Allison Justice, Outco's VP of cultivation Damian Marley 100 • Marijuana Business Magazine • January 2018