Oak Park, Ill. – (August 31, 2018) – PRESS RELEASE – Patients in the Rockville, Maryland area battling debilitating conditions like cancer, opioid addiction and chronic pain can now opt for care from a medical cannabis provider.

Owned and operated by national vertically integrated cannabis provider PharmaCann, Verilife will begin serving customers in Montgomery County and across the state on Sept. 7. The new dispensary features an open-concept design, private patient consultation rooms and services including dedicated patient care representatives and fast-track ordering. Delivery will be available in the weeks ahead.

To give patients the widest possible product variety, Verilife will carry every form of cannabis currently on the market in Maryland from more than 10 different brands.

“The main focus in bringing this new dispensary model to Montgomery County has always been meeting the needs of Maryland’s entire patient population,” said Jeremy Hines, general manager of the new Verilife dispensary. “Whether it’s oral capsules for the senior citizen with cancer, or CBD lotions for the teen with multiple sclerosis, we want to ensure our patients are empowered to find what works to meaningfully improve their lives.”

Guests will be able to view the patient dispensing area from the dispensary’s reception area, regardless of whether or not they hold a Medical Marijuana Card. The dispensary—enclosed on three sides by clear glass windows—is a welcoming environment for patients, caregivers and people considering medical cannabis. Measures taken to increase this dispensary’s visibility and offer patients a more accessible space, show Verilife’s commitment to improving and normalizing the medical cannabis patient experience.

“Our new Verilife dispensaries are really a reflection of the growing public acceptance we’ve seen for cannabis as a legitimate option to improve people’s lives,” said Teddy Scott, PhD, chief executive officer of PharmaCann. “Patients can tailor the experience to fit their needs. If they desire to speak to a pharmacist, we will coordinate a phone consultation with a Verilife pharmacist. If they need a quicker express checkout, they can have that, too.”

From the Latin root veri, meaning “truth,” Verilife reflects PharmaCann’s commitment to be truthful and transparent in everything it does to improve people's well-being and help them live their best lives. 

Verilife recently opened its doors to give public officials and state legislators an opportunity to preview the dispensary and learn more about the medical cannabis industry. 

“I appreciated the opportunity to visit PharmaCann’s Verilife dispensary and learn first-hand about the level of care patients will receive,” said Delegate Jeff Waldstreicher. “Their staff is very knowledgeable, compassionate and dedicated to working with the community.”     

Rooted in the communities it serves, PharmaCann gives back as part of its “pay it forward promise,” donating 5 percent of monthly sales to a local charity. Each quarter, patients can help select the next local charities the company will support. 

“It’s evident that PharmaCann’s Verilife dispensary is driven by a knowledgeable staff and a combination of care, compassion and science to best serve Maryland’s patients seeking to feel better,” said Green Health Docs’ Maryland Office Manager Kerrin Wuchter. “We're proud to have PharmaCann, which brings experience and best practices from successful operations across multiple states, serving our residents.”

Verilife is hosting a grand opening celebration throughout the weekend of Sept. 14 with providers, cultivators, processors, music, refreshments and a glass-blowing demonstration. In addition, there will be opening specials and giveaways.

September 10, 2018 (OAKLAND, CA AND CONSHOHOCKEN, PA) -- PRESS RELEASE -- Treez, a point of sale (POS) software company serving the legal cannabis industry, has announced the closing of its Series A funding, led by Intrinsic Capital Partners. The company closed on an oversubscribed $11.5 million in funding, topping off its $15 million in total investments. The Series A included a $10 million investment by Intrinsic, along with investments by AFI Capital Partners and Welcan Capital.

Treez was launched in 2016, combining thecannabis industry knowledge of co-founder Shareef El-Sissi with the software expertise of co-founder and CEO John Yang. In just two years, Treez has grown to become the premier solution-oriented enterprise retail management tool for high-volume and multi-location dispensary operators, serving many of the largest and most successful dispensaries in the U.S.

"When we created Treez, we understood the impact our technology could have within the cannabis industry—ushering in a new era of automated compliance, data-driven insights and a more modern, integrated cannabis ecosystem,” said John Yang, Treez CEO. “We’re thrilled that our funding has put us in a position where we can continue to expand our team, invest in beneficial partnerships, and bring more creative retail management solutions to this rapidly growing industry."

In addition to Intrinsic Capital Partners, AFI Capital Partners and Welcan Capital, other value-added investors like Salveo Capital, New York ARC Angels and Arcadian Funds have helped Treez stay ahead of the competition while bringing valuable expertise and guidance to help ensure Treez’s continued success.

“Our focus at Intrinsic is investing in sector leading technology and life science companies run by entrepreneurs prepared to grow their businesses and transform the cannabis industry,” said Jerry Stahlecker of Intrinsic. “ We’re excited to invest in a team that has delivered the industry’s leading enterprise retail management technology and look forward to supporting Treez in growing its market share and developing broader industry solutions,” added Stahlecker.

With the newly secured funding, Treez can continue to expand its footprint, pursue market expansion opportunities and invest in partnerships that will help seamlessly connect each link in the supply chain.

Jimmy Buffett has been playing with the Coral Reefer Band for well over four decades now, so it’s less than surprising to see the veteran singer-songwriter finally getting into the marijuana business.

The “Margaritaville” singer will license the “Coral Reefer” brand to Surterra, a big medical marijuana company whose board has since last month been chaired by William “Beau” Wrigley, Jr.—the former CEO of the Wrigley confectionery firm.

Georgia-based Surterra is currently licensed in Florida and Texas, and plans to build out cultivation space in the former state while conducting research trials on cannabinoid treatment for issues such as pain and post-traumatic stress disorder. The company has raised more than $100 million in the last few years, most recently in a $65 million round last month that was led by Wrigley’s Wychwood Asset Management.

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Top Image: © Alex | Adobe Stock

Lansing — Some medical marijuana businesses in Michigan will get a break from a looming state licensing deadline, but which ones qualify and for how long is not yet clear.

The state Department of Licensing and Regulatory Affairs will extend the emergency rules that allow certain existing medical marijuana businesses to continue operating during the licensing process, said Andrew Brisbo, director for the Bureau of Medical Marihuana Regulation.

The emergency rules, which were put in place to ensure patients still had access to medical marijuana through the licensing period, are set to expire Friday. Brisbo said the state should have details Tuesday on an extension of those rules.

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Top Image: © Andrew Bayda | Adobe Stock