Business Issues/Benchmarks: Page 343

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.

Harborside Inc. Announces Interim CEO and Expansion of Management Team

The company is making new appointments to Harborside's leadership as it reaffirms its commitment to expansion plans.

Choom Appoints Corey Gillon as Chief Executive Officer

The strengthening of Choom's senior management team is a major component of the company's strategic initiative to become a nation-wide cannabis retail organization.

CannTrust Provides Progress Update Regarding Remediation Plan

A Special Committee investigation has concluded.

Utah Department of Health Accepting Medical Cannabis Pharmacy License Applications Ahead of Dec. 2 Deadline

The department plans to issue 14 licenses.

In North Carolina, Lawmakers and Industry Stakeholders Fight Over Banning Smokable Hemp

S.B. 315 is a wide-ranging agricultural bill that includes a ban on the sale of hemp flower.

Georgia’s Medical Cannabis Problems, Major Growth in Illinois: Week in Review

Six months after it was signed into law, Georgia’s medical cannabis program is going nowhere fast.

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