Finance: Page 76

California Bureau of Cannabis Control Announces Local Equity Grant Funding Recipients

The Bureau awarded a total of $10 million in equity grant funding to 10 local jurisdictions.

Cannafornia Announces New Division For CBD Products

The company's portfolio of CBD topicals, tinctures, capsules and edibles targets sports performance.

Canopy Growth Announces New Chair of the Board of Directors

David Klein has been appointed chair of the company's Board of Directors, effective immediately.

MedMen and PharmaCann Terminate $682-Million Acquisition Deal

The companies announced Oct. 8 that they are abandoning their plans for MedMen to purchase PharmaCann.

How a Real Estate Company Came to Own Three Cannabis Cultivation Facilities in Illinois

Innovative Industrial Properties is purchasing licensed cultivation facilities in the state and leasing them back to the licensees to help them secure funds ahead of the adult-use market launch.

Zelda to Merge With U.S.-Based Ilera Therapeutics to Create Global Therapeutic Medicinal Cannabis Company

The merger between Zelda and Ilera Therapeutics will create a global medicinal cannabis company, which will be rebranded as "Zelira Therapeutics Limited."

MJardin Receives Full Purchase Price from Joint Venture Partner, Begins Phase 2 Development at its Largest Cultivation Facility

Subsequent to its recently announced non-binding letter of intent with Peguis First Nation in connection with its Warman cultivation facility, Peguis has agreed to pay the full amount of the purchase price in advance of the closing of the transaction.

Viola Closes $16 Million Investment Round Led By Gotham Green Partners

This latest round of funding will assist with the acquisition of a 34,500-square-foot cultivation, processing and distribution facility in Adelanto, Calif., as well as the completion of Viola's 48,000-square-foot facility in Detroit, Mich.

Aleafia Health Completes Construction, Secures Full Occupancy at Paris Processing Facility Expansion

The expansion features an initial 115,000 kg of dried flower equivalent annual extraction capacity, with ability for further expansion on-site.

Surterra Wellness Announces Corporate Name Change to Parallel

The rebranding reflects the company's position as a rapidly growing, global well-being company and reaffirms its commitment to improving the quality of life through the benefits of cannabinoids.

Australia’s Government Invests $3 Million in Medical Cannabis Research

The federal government will provide the funds to investigate how cannabis can help cancer patients.

Square Welcomes CBD Sellers, Pennsylvania Lawmaker Introduces Cannabis Legalization Bill: Week in Review

Square officially launched payment processing services for the industry Oct. 3, after previously offering the services as part of a beta program.

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