Industry Headlines

AYR Wellness Executes Senior Secured Bridge Credit Agreement

The agreement will provide the company with up to $50 million of committed funding to support ongoing operations.

282 Ascend Cannabis Workers Organize With Teamsters in Illinois

Teamsters Local 916 secured a win for the unionized workers.

Whitney Economics Identifies Flaws in USDA Methodology in Calculating Hemp Cultivation Sector’s Value to US Agriculture

The data actually shows hemp farmers are benefiting more in terms of percentage of retail revenues than corn or soy farmers.

Cornbread Hemp Announces THC Beverage Sponsorship in College Athletics

The family-owned hemp THC drink maker is sponsoring the Division I Louisville Cardinals athletic program.

Texas Lieutenant Governor’s Prohibition Push Draws State Veterans’ Ire

The Grunt Style Foundation, which advocates for veteran mental health, believes that Texas veterans are fed up with Lt. Gov. Dan Patrick.

Agrify Acquires Brand Portfolio From Green Thumb for $50M

The company is changing its name to RYTHM following the acquisition, which also includes Dogwalkers and Beboe, and will trade on Nasdaq.

Tilray Medical Expands Presence in Germany

The cannabis company introduced new Good Supply strains, affirming its commitment to German health care and expanding patient and pharmacy access.

Canopy USA Welcomes Cannabis Veteran Eric Ruhle as VP of Brand Sales

Ruhle will oversee the company’s sales strategy across the full Canopy USA portfolio.

Trulieve Appoints Board Member, New CFO

Matthew Foulston is joining the cannabis company’s board of directors, while Jan Reese will be the new chief financial officer.

Former FLUENT CEO Joins Chicago Atlantic as Partner, Head of Restructuring

Robert Beasley resigned his position as CEO of the cannabis company earlier this month.

Minnesota Announces Recipients of $1M CanRenew Cannabis Grant Funds

The funds for 11 organizations will help restore communities negatively impacted by cannabis prohibition.

Licensed New York Cannabis Retailers File Lawsuit Against Office of Cannabis Management

The coalition seeks to halt OCM’s policy reversal that could force 152 dispensers to move, calling on the state to protect small businesses.

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