Marijuana vape company Tilt Holdings restructures debt with Smoore
Arizona-based marijuana vaporizer company Tilt Holdings entered a debt and security agreement that extends its credit line with Smoore Technology effective Jan. 28. Under the agreement, according to a news release, Smoore will sell and ship CCell vape hardware...
Alberta cannabis retailers can now sell at special events
Canada’s second-most valuable adult-use market, Alberta, now permits cannabis sales at age-restricted events such as music festivals or marijuana trade shows. The new rules took effect Jan. 31, provincial regulator Alberta Gaming, Liquor and Cannabis (AGLC)...
Maine law enforcement arrests 6, seize plants in raids of illicit marijuana grows
Maine law enforcement arrested six people and seized more than 6,000 marijuana plants after raiding seven locations allegedly linked to unlicensed operations in recent weeks as part of ongoing efforts to reduce the illicit market in the state. Authorities said they...
Cannara Biotech reports record cannabis sales in first quarter
Cannara Biotech, a vertically integrated cannabis producer based in Montreal, reported record sales of 19.5 million Canadian dollars ($14.6 million) for the three-month period ended Nov. 30. The company’s fiscal first-quarter 2024 revenue marked an 89% increase...
Regulated marijuana offers new chance at equity: Q&A with social justice leader Martin Luther King III
The spirit of the most celebrated social justice activist in U.S. history was present at MJBizCon 2023. Martin Luther King III, son of the late Dr. Martin Luther King Jr. and co-founder of the Drum Major Institute, spoke during the conference session “Creating and...
Aurora Cannabis seeks Nasdaq compliance via share consolidation
Canadian producer Aurora Cannabis said it’s planning to consolidate its shares to restore compliance with the Nasdaq’s minimum bid-price requirement and ensure continued access to a range of institutional investors. Aurora’s board of directors approved the plan...
Delaware medical marijuana program expansion passes state House
The Delaware House of Representatives advanced a bill that its sponsor claims will result in “improved access to medical marijuana.” President Joe Biden’s home state legalized adult-use marijuana last year, but state lawmakers such as Democratic Rep. Ed Osienski have...
Village Farms starts building cannabis facility for Netherlands pilot program
Village Farms International has started building an indoor cannabis production facility in Drachten, Netherlands, which will supply the country’s cultivation and distribution experiment that started in December. The Vancouver, British Columbia-headquartered company...
Marijuana multistate operator MedMen initiates more corporate layoffs
Marijuana multistate operator MedMen Enterprises initiated a round of corporate layoffs on Jan. 26, according to sources with detailed information about the cuts. The number of employees affected is unknown, but personnel in the Los Angeles-based company’s accounting...
Cannabis tech company Agrify gets extension for Nasdaq rule compliance
Cannabis tech company Agrify Corp. said it will keep its listing on the Nasdaq for now as it works to meet the exchange’s requirements surrounding minimum stockholders’ equity. ADVERTISEMENT The Wednesday listing news follows several developments reported...
Arkansas attorney general rejects marijuana ballot initiative language
Arkansas cannabis advocates are going back to the drawing board after the state’s attorney general rejected the most recent proposed language for a ballot initiative that would increase access to medical marijuana and trigger adult-use legalization if federal...Featured
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