Business Issues/Benchmarks: Page 19

UPDATE: Delaware Governor Signs Bill to Expedite Delaware’s Adult-Use Cannabis Sales Launch

Gov. John Carney signed legislation that will allow existing medical operators to transition to the adult-use marketplace.

Ohio Initiates Next Step to Kick-Start Adult-Use Cannabis Program

The state’s Division of Cannabis Control is in the process of issuing certificates of operation to cultivators to supply adult-use cannabis.

SNDL Initiates Overhead Restructuring, Operational Adjustments Impacting 106 Employees

The project is expected to deliver more than $20 million in annualized cost savings driven primarily by the optimization of corporate overhead spending.

Ascend Wellness Holdings Signs Definitive Agreements to Issue $235 Million of Senior Secured Notes

The company secured funding with a 12.75% coupon and a five-year term; the net proceeds will refinance an existing term loan.

New York on Pace to Sell $520M of Cannabis in 2024; Could Crack $700M

The state’s recent sales boom features weekly store openings and increased enforcements efforts, marking a U-turn from a dismal 2023.

Introducing Budtender Superintelligence: by Jointly

Elevating Cannabis Retail: AI-Powered Assistance for Budtenders

Safe Harbor Financial Exits $3.1 Million Loan in Default, Collecting 100% of Principal, Plus Over $200,000 in Accrued Interest

The company will reallocate the $3.3 million to its lending and credit line capacity.

US Government Selling Reference Material to Hemp, Cannabis Testing Labs to Ensure Accuracy

The National Institute of Standards and Technology is charging $783 for three 1.5-gram hemp samples to help labs calibrate their methods for accurate labeling.

Arkansas Cannabis Advocates Submit 111,400+ Signatures to Expand Medical Program

Arkansans for Patient Access’ proposed amendment would allow home grows, update industry regulations for advertising and packaging, and more.

Raphael Pharmaceutical Issues Letter to Shareholders

The letter highlights the company’s exclusive relationship with Rambam Health Care Campus, differentiated cannabinoid-based technology platform, promising lead product candidate for rheumatoid arthritis, recently commenced clinical study, broader pipeline opportunities, and overall mission and vision.

110 Ohio Dispensaries Now Have Provisional Licenses for Adult-Use Sales

The state’s Division of Cannabis Control is nearly done reviewing applications for dual-use licensure but has yet to issue certificates of operation.

MariMed Closes Acquisition of 2nd Maryland Dispensary

The company’s Thrive Wellness retail location in Upper Marlboro is in additional to its Annapolis store.

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