Finance: Page 57

California Governor Warns of Declining Cannabis Sales Due to Coronavirus Crisis

Gov. Gavin Newsom has revised his proposed state budget to forecast less revenue from the state’s cannabis excise tax due to the pandemic.

Neptune Announces Robert DiPede as Senior VP of Biodroga and Health and Wellness Innovation

Former Walmart executive looks to help the company expand its cannabis and other health and wellness products sales.

Cannafornia CEO and Investors Enter Ugly Legal Battle

A California cannabis CEO and his company’s Russian investors file lawsuits against one another claiming elaborate schemes of theft, fraud and libel.

Hemp Virtual Conference to Provide In-Depth Education on June 23

This four-hour event free to registrants will cover business partnerships, regulations, harvesting techniques and more.

Oklahoma Medical Cannabis Sales Surpass $73 Million in May

May’s sales figures are the highest since the program launched.

MJardin Terminates the Acquisition of Cannabella

The acquisition of the edibles and topicals producer was to close in late 2019.

Aurora Cannabis Completes Acquisition of Reliva LLC

Aurora acquired Reliva, a company that sells hemp-derived CBD products in the U.S., for approximately $40 million of Aurora common shares.

In the Face of Restrictions and Limited Channels, Cannabis Marketers Turn to Out-of-Home Advertising–Here’s the Right Way to Do It

Cannabis brands are faced with significant challenges in their marketing efforts, but out-of-home advertising has emerged as the advertising channel of choice for many businesses.

Aphria Inc. Announces Move to Nasdaq

The company will continue to trade under the APHA ticker as of Monday, June 8, 2020.

Nevada Dispensary Association Releases Nevada Cannabis Industry 2020 Economic Impact Report, Announces Total Taxable Sales at $692 Million in 2019

The report highlighted the revenues and other important economic effects the cannabis industry has in Nevada in fiscal year 2020, as well as projections going forward.

FSD Pharma Monetizes Non-Core Asset with Sale of Partial Equity Stake in Pharmadrug Inc.

The buyer holds the option to purchase additional shares.

Aurora Cannabis to Strategically Enter the United States with Acquisition of Reliva, LLC, a Mass Retail CBD Platform

The acquisition provides Aurora with a retail hemp-derived CBD brand that is currently sold in more than 20,000 mass retail U.S. locations.

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