Marijuana Business Magazine October 2019

retains the right to purchase the leased property for 20 years. The company aimed to have a cultivation license from the Danish Medicines Agency in hand by the end of September for a small number of rooms. The first harvest is scheduled for early next year. Deloitte and TruTrace Technologies Form Alliance Deloitte , the Canadian member firm of Deloitte Touche Tohmatsu, formed an alliance with TruTrace Technologies to deliver blockchain product- traceability solutions to the cannabis industry. The alliance will ensure distributors and retailers receive accurate shipments and provide consumers with confidence they are buying verified products from credible sources. Fire & Flower Inks Deal to Buy Stores Fire & Flower of Edmonton, Alberta, entered into purchase agreements with wholly owned subsidiaries of Cannabis Cowboy for eight proposed cannabis retail stores in Alberta, including three in Calgary. The locations are at various stages of development, including two fully built stores and a third requiring minimal construction to be completed before licensing. Fire & Flower will complete all construction and licensing requirements after the acquisition has closed. The aggregate purchase price is $5.7 million (CA$7.5 million). Sol Global Changes Name Toronto-based Sol Global Investments , which is increasingly focusing on the U.S. cannabis market, is changing its name to Bluma Wellness as part of a rebranding strategy. Bluma is an ancient Hebrew word meaning to flower, bloom or blossom, according to the company. In 2018, the firm changed its name to Sol Investments from Scythian Biosciences. Sol Global has operations in California, Florida and Michigan. Have a company announcement you want us to consider? Send a news release or general information to omars@mjbizdaily.com . (Note: We’re looking for news about expansions, financing, deals, partnerships and similar developments, not product-related announcements.)

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