Business Issues/Benchmarks: Page 127

Cresco Labs Announces Expiration of HSR Act Waiting Period For Proposed Acquisition of Columbia Care

The end of the 30-day waiting period brings the company one step closer to completing a roughly $2-billion deal by the end of the year.

UPDATE: California Governor’s New Budget Proposal Calls For Fewer Taxes, More Retail, New Method of Excise Tax Collection and Remittance

The revised proposal includes setting the cultivation tax at zero, moving the excise tax collection and remittance from distribution to retail, and funding jurisdiction to increase consumer access to legal cannabis.

Fast Take With Matt Darin, Curaleaf's New CEO

Curaleaf announced May 9 that Matt Darin, who was named president earlier this year, will now lead the multistate operator as CEO.

LA Reopens Verification Period for Social Equity Program Starting May 26

Social equity applicants must have a prior cannabis-related arrest or conviction in California. They must also either qualify as low-income or have a cumulative residency of 10 years in a Disproportionately Impacted Area.

California’s Small Cannabis Farmers Form Digital Cannabis Marketplace

Emerald Road, a cryptocurrency-exclusive, blockchain-backed e-commerce platform, allows consumers to interact with farmers and purchase product for delivery.

Executive Take: New Curaleaf CEO Matt Darin Details Florida Expansion

The company recently announced plans for three new dispensaries in Florida, where more than 37% of its U.S. retail footprint is now dedicated.

Ayr Wellness Opens 47th Florida Dispensary in Clermont

The new dispensary spans 4,000 square feet of retail space and is located near Clermont Historical Village.

MariMed Strengthens Executive Leadership Team To Support Accelerated Long-Term Growth

Jon Levine Elevated to Chief Administration Officer; Susan Villare Appointed Chief Financial Officer.

Missouri Medical Cannabis Sales Top $335.8 Million

Total sales continue to increase since they launched in October 2020.

Ascend Wellness, MedMen Resolve M&A Lawsuit With $88-Million Deal

The settlement includes a $15-million increase in a transaction consideration than began with a $73-million definitive agreement in February 2021.

Purplefarm Genetics Announces Exclusive Partnership With U.S. Based Tyson 2.0, World Heavyweight Champion, Mike Tyson’s Cannabis Brandhouse

The strategic international partnership will bring to market Purplefarm's exclusive genetics with Tyson 2.0, TKO.

Cronos Group Reports 2022 First Quarter Results

The company’s consolidated net revenue increased by 99% year-over-year to $25 million in the first quarter of 2022.

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