Industry Headlines: Page 139

Planet 13 Expands Popular TRENDI Brand to California with Premium Flower

TRENDI will be exclusive to Planet 13 Orange County to start.

Cannabis Retailers Sue British Columbia Over Illegal Dispensaries on First Nations Reserves

A group of licensed dispensaries filed a lawsuit April 27, claiming that the province has failed to crack down on illegal retailers on the reserves.

Another Cannabis Dispensary Robbery Ends in Fatal Shooting

Two suspects are at large after a man was shot and killed inside a Los Angeles dispensary in the Tarzana neighborhood.

Major Canadian Retail Business Exercises Warrant on Fire & Flower Shares to Draw 35% Ownership Stake

Couche-Tard, the owner of Circle K convenience stores, delivered $38 million to Fire & Flower via this transaction.

The Green Organic Dutchman Secures Additional $4 Million Increase to Term Portion of Credit Facility

The total facility limit has been increased from $30 million to $34 million, certain mandatory prepayments have been removed, and the amendment provides additional working capital to support continued revenue growth.

CULTA Takes Home Awards for Digital Branding and Creative

The Maryland cannabis company received multiple awards from the AVA Digital Awards and Hermes Creative Awards.

Fluresh Lands $25-Million Note From Federally Regulated Bank

The hefty loan signals another degree of normalization for an industry poised on the edge of impending bank reform.

HEXO Announces Leadership Transition; Company Appoints Charlie Bowman as Chief Executive Officer and Julius Ivancsits as Chief Financial Officer

Scott Cooper steps down, and the Board of Directors acknowledges Cooper in stabilizing the company.

Bankers Associations From All 50 States Urge Senate Leadership to Pass SAFE Banking Act

Members of the American Bankers Association and state bankers associations sent a letter to lawmakers April 28, asking them to include the SAFE Banking Act in the America COMPETES Act.

Ayr Wellness Opens 46th Florida Dispensary in Tampa

The new facility includes roughly 3,000 square feet of retail space.

Medical Cannabis Company Sues Georgia Regulators, Alleges Licensing Process Was Marred By ‘Conflict of Interest’

Cumberland Curative has filed a lawsuit against the Georgia Access to Medical Cannabis Commission, claiming that the company was wrongfully excluded from winning a license.

Ethos Cannabis Expands into Ohio with Cultivation and Dispensary Acquisitions

Previously, Ethos’s footprint included retail and production operations in Massachusetts, Pennsylvania and Maryland.

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