It was a busy week for Harvest Health & Recreation (CSE: HARV), terminating its planned acquisition of Illinois-based Verano Holdings on Thursday and then announcing plans on Friday to acquire Franklin Labs.
A tight supply of wholesale recreational marijuana flower in Michigan, one of the youngest adult-use markets in the U.S., is leading to higher-than-average prices as producers struggle to keep pace with growing demand.
In California, Santa Rosa-based cannabis concentrate brand AbsoluteXtracts is working with Petaluma beer maker Lagunitas Brewing Co. on a marijuana-infused beverage branded as Hi-Fi Hops.
This week’s headlines highlighted a critical shift in the cannabis industry: Cash is becoming tight for companies, but it’s still available for those with good business plans and realistic outlooks.
It’s been another action-packed week in cannabis with new public listings, big earnings news and more signals that institutional investors are stepping off the sidelines and dipping their toes into legal marijuana markets.
Adam Grossman developed a marijuana-based pain balm that succeeded where other medicines and the local hospital failed, quelling a debilitating back pain that left his father bedridden.
It was “an empowering experience” that Grossman turned into an infused cannabis business with a strong sense of brand – Papa & Barkley. Papa refers to Grossman’s father, and Barkley is the family dog.
There was little sin and plenty of cannabis industry expertise as MJBizCon took over the Las Vegas Convention Center in November.
