Finance: Page 72

Federal Grand Jury Investigates Municipal Cannabis Contracts in Massachusetts

U.S. Attorney Andrew Lelling has convened a grand jury to investigate the agreements between the state’s municipalities and the cannabis companies they host.

Mexico’s Delayed Cannabis Legalization Vote: What Comes Next?

The Supreme Court has extended its deadline for a vote on adult-use legislation to April 30, 2020.

Columbia Care Enters Colorado With $140-Million Acquisition of The Green Solution

Founded in 2010, The Green Solution currently operates 21 dispensaries with two additional stores under development that are expected to open in 4Q 2019.

PURA – Puration Announces LOI to Acquire Foothold In U.S. $17 Billion European CBD Market Potential

The company has announced executing a letter of intent to acquire a company headquartered in Germany as part of a strategy to bottle PURA’s CBD infused beverages locally.

Core One Labs Inc., Signs a Definitive Agreement to Acquire Cultivation Facility in Canada

The company has agreed to acquire Rainy Daze Cannabis Corp., a British Columbia corporation.

Flower One Commences Negotiations to Acquire Strategic Property in California and Provides Nevada Sales Update

Sales from the company's Nevada operations are tracking strong with a compound weekly growth rate of 15 percent.

Aphria Inc. Doubles Production Capacity After Receiving Cultivation License for Aphria Diamond

Aphria Diamond adds 140,000 kg of annualized cannabis production; Aphria Inc. now has total annualized production capacity of 255,000 kg.

Diego Pellicer Worldwide, Inc. Appoints Nello Gonfiantini III As Chief Executive Officer

In addition, company veteran Christopher Strachan has joined the board of directors.

Washington’s Cannabis Industry Reacts to Emergency Vape Regulations

Stakeholders view the vape crisis as an opportunity for businesses to reevaluate their processes and products—and for regulators to roll out more comprehensive regulations.

The Cannabis Lobby Is a Growing Force on Capitol Hill

Industry spending is growing year-over-year, with no signs of slowing down.

Valens GroWorks and BRNT Ltd. Enter Into White Label Deal

Valens will produce a minimum of 2.2 million vape pens on behalf of BRNT Ltd. for the Canadian market over an initial two-year term.

Kali-Extracts Entertains $50 Million Cannabis Biopharmaceutical Technology Acquisition Valuation

Kali management has entered discussions with the investor but not formally expressed at this point that it is willing to consider a sale.

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