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Finance: Page 35
WM Holding Company, LLC to List on Nasdaq Through Merger with Silver Spike Acquisition Corp.
WM Holding Company operates Weedmaps and WM Business, a comprehensive software-as-a-service subscription offering for cannabis retailers and brands.
New Mexico Advisory Board Recommends Increasing Medical Cannabis Plant Count
The board recommended that the state health secretary consider allowing licensed cultivators to grow more plants to alleviate concerns about the high cost of medical cannabis and the lack of variety.
Canopy Growth to Close Additional Canadian Cultivation Sites
The company will shutter roughly 17% of its indoor cultivation space and all of its outdoor cultivation sites, and will lay off about 220 employees.
DNA Genetics Announces First Strategic Alliance Agreement in California With Natura Life + Science
The agreement will grant Natura license to DNA Genetics, Crockett Family Farms and associated family of brands, as well as access to their proprietary award-winning genetics and standardized operating procedures.
U.S. House Passes MORE Act
The bill, H.R. 3884, removes cannabis from the U.S. Controlled Substances Act.
Aphria Closes Acquisition of SweetWater Brewing Company
The deal gives the Canadian licensed producer an opportunity to build brand awareness in the U.S. ahead of federal legalization.
R&D Tax Credit: A Viable Option to Reduce Tax Burdens?
Proper planning and corporate structuring can help cannabis and hemp companies find tax savings despite 280E restrictions.
Jushi Holdings Inc. Acquires Remaining Equity Ownership Interests of Dalitso LLC, the Company’s Virginia-Based Pharmaceutical Processor Permit Holder
The company now owns 100% of the issued and outstanding equity of Dalitso.
C21 Announces Significant Expansion to Nevada Cultivation
The company will triple flower canopy and production at its licensed facility.
Corporate Cannabis Q3: Getting Back to Baseline
Most MSOs saw an increase in net and gross revenues this past quarter, and costs came down across the board.
Israeli Genetics Firm CanBreed Acquires San Diego Hemp Farm
The company uses CRISPR technology to genetically engineer cannabis plants.
Maine’s First Month of Adult-Use Sales Reach $1.4 Million, Georgia Begins Accepting Medical Cannabis Cultivation Licenses: Week in Review
This week, preliminary sales data from the Maine Office of Marijuana Policy indicated that the state’s adult-use dispensaries logged 21,194 transactions for a total of approximately $1.4 million in sales.
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