Marijuana Business Magazine - January 2017

The Toronto-based software provider, which launched in 2014 and now has customers in California and Canada, said it will use the funding to expand into additional U.S. markets and grow its overall business. British Columbia Holding Company Buys California Dispensary Marapharm Ventures, a British Columbia holding com- pany, has entered into an agreement to buy Green Leaf Wellness, a 3-year-old dispensary in Desert Hot Springs, California, for $1.6 million (CA$2 million). Canopy Expands Hemp Business Canopy Growth is moving further into the Canadian hemp market with the acquisition of hemp land in Sas- katchewan that could scale to over 2,000 acres. The medical marijuana producer announced the acqui- sition of Green Hemp Industries. In addition to buying farm operations and associated assets, equipment, genetic stock and other property from the company’s principal, Jason Green, Canopy will oper- ate about 300 acres of existing hemp production. Canopy said it anticipates that acreage will be scalable to 2,200 acres for the 2018 growing season. Once the deal closes, Canopy will reimburse Green for crop “input expenses” and give him 24,576 common shares of Canopy stock. Canopy expects to issue up to another 24,576 common shares if Green’s company hits certain production-related milestones. Green also will lead Canopy’s hemp division. Liberty Strikes Deal to Produce Mary’s Medicinals Products in Florida Toronto-based Liberty Health Sciences – a medical cannabis investor and operator focusing on U.S. markets – said it struck a partnership with MM Technology Hold- ings to produce and distribute the Colorado company’s line of Mary’s Medicinals marijuana products in Florida. The three-year deal is subject to approval from Florida regulators. ◆ Have a company announcement you want us to consider? Send a press release or general information to . (Note: We’re looking for news about expansions, financing, deals, partnerships and similar developments, not product-related announcements.) (720)316-6284 CALL US NOW! MEET THE MOST COMPREHEHENSIVE Eden, CONTROL SYSTEM FOR INDOOR CANNIBIS GROWERS. For Cultivators seeking the greatest efficiency, reliability and flexibility in your facilities. Eden maintains the perfect environmental growing conditions including temperature. lighting. humidity. CO2 to Oxygen ratio. automatic nutrient mixing. pH adjustment and delivery. Free Consultation! Increase yield and reduce expenses. Customized Solutions for Indoor Cultivators. Water Purification, Reclamation and Recycling Experts Automatic Nutrient Mixing, pH adjustment and Delivery Industrial-Grade Components Turn-key Containerized systems for Growing, Curing & Extraction Unparalleled data collection. reporting & analytics to replicate success and identify/eliminate mistakes. Security and Camera Integration