Business Issues/Benchmarks: Page 15

Green Thumb Industries Announces $50 Million Share Repurchase Program

The program authorizes the cannabis company to repurchase up to nearly 10.6 million subordinate voting shares during the next 12 months.

Green Thumb Industries Refinances Senior Debt, Closing on $150 Million Syndicated Credit Facility

The cannabis company intends to use the proceeds along with existing cash to retire its $225 million senior secured debt.

Planet 13 Enters Agreement to Acquire Las Vegas Dispensary

The company will pay $6.9 million to acquire all the assets to operate a 3,1569-square-foot retail facility from Exhale.

Michigan Dispensaries Set Monthly Sales Record in August, Closing Gap on California

The Wolverine State’s licensed cannabis facilities broke a single month record for revenue and flower pounds sold.

24 Adult-Use Dispensary Licenses Still Up for Grabs in Rhode Island via Lottery

Regulators are finalizing rules for a licensing process nearly two years after existing medical cannabis operators expanded to recreational sales.

Conception Nurseries Publishes White Paper Detailing Methods for Using Tissue Culture to Prevent Diseases in Cannabis Cultivation

The cultivation processes described in the report provide cost savings and yield increasing solutions to pervasive viruses and viroids.

Trump Signals Support for Federal Cannabis Rescheduling, Banking Reform

The GOP presidential candidate said he will focus on unlocking the ‘medical uses of marijuana to a Schedule 3 drug’ if elected in November.

California Governor Issues Proposed Regulations to Halt Intoxicating Hemp Products

Gov. Gavin Newsom’s rules would require that consumable products containing hemp derivatives have no amounts of intoxicating cannabinoids.

Kentucky’s Medical Cannabis Program Attracts 5K License Applicants

The state’s forthcoming lotteries will award just 74 licenses, including 16 to cultivators, 48 to dispensaries and 10 processors.

AYR Wellness Awarded Virginia’s HSA I Vertical Cannabis License

The publicly traded multistate cannabis operator will have exclusive medical cannabis licensing rights to the state’s Health Service Area in Northern Virginia.

DCC’s ‘Inadequate Oversight’ of $100M Undermined California Licensing Program for Cannabis Growers

California State Auditor Grant Parks determined the Department of Cannabis Control ‘weakened’ the Local Jurisdiction Assistance Grant Program.

Whitney Economics Reduces 2030 Hemp Fiber and Grain Acreage Forecast by 4.5 Million Acres

The industry research firm cites regulatory risks, lack of infrastructure and federal uncertainty as the main drivers for the revised forecast.

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