Business Issues/Benchmarks: Page 296

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.

Sun Kissed CEO Issues Shareholder Letter on CBD-Based Acquisition Strategy

The company is pursuing acquisitions as part of an aggressive M&A strategy designed to position Sun Kissed as a dominant player within the rapidly expanding CBD sector.

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.

CBD Bill in New York Awaits Governor’s Signature

Legislation awaiting Gov. Andrew Cuomo’s signature would establish testing and labeling regulations for CBD products, as well as guidelines for farmers.

Iowa Medical Cannabis Board Recommends Adding PTSD, Intellectual Disability to State’s Qualifying Conditions

The board rejected opioid dependency and Alzheimer’s disease.

Kentucky Lawmaker Prefiles Medical Cannabis Legalization Bill

State Rep. Jason Nemes’ legislation will become House Bill 136 at the start of the 2020 legislative session.

Fast Stats

Statistics from around the cannabis industry.

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.

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