Industry Headlines: Page 14

Curaleaf Appoints New President, Bolsters Marketing Leadership Team

Rahul Pinto will lead all global commercial functions as the company’s president; three SVP hires will head digital, retail merchandising and brand marketing.

Tilray Brands' Stockholders Approve Reverse Stock Split; Company Pauses Implementation as It Evaluates Timing and Stock Price

AYR Fails to Complete Q1 2025 Interim Financial Filings; Cease-Trade Order Remains in Effect

The cannabis company provided an update on the delay of its financial statements, analysis and related executive officer certificates.

MediPharm Announces Complete Dismissal of Dissident Court Proceeding

The Superior Court of Justice – Ontario dismissed the proceeding related to the company’s annual and special meeting of shareholders.

Texas Voters Oppose State’s Attempt to Ban Hemp THC

The majority of Texans, regardless of political party, reject Senate Bill 3’s ban on hemp-based products, fearing it will empower drug cartels.

Mountain High Seltzer, First THC Drink Distributed in Virginia

Mountain High Seltzer is the first THC seltzer to be distributed by Hoffman Beverage and Virginia Eagle, an Anheuser-Busch wholesaler.

4Front Initiates Bankruptcy, Insolvency Act Proceedings in Canada

The vertically integrated multistate cannabis operator initiated the proceedings following its U.S. receivership petition.

LEEF Brands Acquires New York Cannabis License

The California-based company completed the transaction for a processor license.

Vireo Growth Acquires Deep Roots Harvest for $133 Million in Nevada

The transaction includes 10 dispensaries and a 54,000-square-foot cultivation and manufacturing facility.

Vireo Growth Closes $102 Million Acquisition of Proper Brands in Missouri

Proper is one of the largest operators in Missouri with 11 dispensaries and a 100,000-square-foot-plus cultivation and manufacturing facility.

AYR Wellness Issued Cease Trade Order by Ontario Securities Commission

The order prohibits all trading in the securities of the company in Canada amid AYR’s delay in filing its Q1 2025 financial statements.

Budr Cannabis Acquires 3 The Botanist Dispensaries in Connecticut

The multistate cannabis operator now owns seven retail facilities in Connecticut, including the three The Botanist stores from Acreage Holdings.

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