Business Issues/Benchmarks: Page 298

Kali-Extracts Explores $50 Million Cannabis Biopharmaceutical Technology Sale

The company is taking a next step with the investor that has recently valued its biopharmaceutical technology at $50 million.

Valens GroWorks and BRNT Ltd. Enter Into White Label Deal

Valens will produce a minimum of 2.2 million vape pens on behalf of BRNT Ltd. for the Canadian market over an initial two-year term.

Kansas Legislative Committee Approves First Steps Toward Legalizing Medical Cannabis

The committee recommended that lawmakers consider allowing residents from legal medical cannabis states to use it in Kansas and suggested that the state study Ohio’s medical marijuana program.

Iowa Medical Cannabis Board Contemplates New Qualifying Conditions, Lifting THC Cap

The board will consider adding PTSD and Alzheimer’s to the program, as well as replacing the 3 percent THC cap with a purchase limit.

Kali-Extracts Entertains $50 Million Cannabis Biopharmaceutical Technology Acquisition Valuation

Kali management has entered discussions with the investor but not formally expressed at this point that it is willing to consider a sale.

Quebec Approves Cannabis Law to Raise Legal Age to 21

The age limit will be raised from 18 to 21 on Jan. 1, 2020, and it will be the highest in Canada.

Cresco Labs Announces Expiration of HSR Act Waiting Period for the Proposed Acquisition of Tryke Companies

The transaction is anticipated to close during the first half of 2020 and is subject to certain closing conditions, including the approval from the states of Nevada, Arizona and Utah.

Projections: U.S. Leads in Global Hemp Cultivation

The U.S. hemp-derived CBD market is expected to reach $23.7 billion by 2023, up from the current value of $5 billion, according to Brightfield Group.

With White House Approval, USDA Posts Interim Hemp Regulations

Even with the 2018 Farm Bill legalizing hemp as a crop, the lack of federal guardrails has dragged several prohibition-era problems into the present.

Apeks Supercritical Forges New Partnership to Create Full-Service Solution in Cannabis Cultivation and Processing

The CO2 extraction design manufacturer has been acquired by greenhouse design firm Rough Brothers, Inc.

Nabis Holdings Closes Acquisition of Emerald Phoenix and Infusion Edibles in Arizona

The closing of the acquisition is non-dilutive as no Nabis common shares are issued.

John Kaden Resigns from CannTrust's Board of Directors

With a remediation plan in place, the company is focused upon Board renewal.

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