Industry Headlines: Page 164

Phylos Closes $7.6M in Funding, Unveils New Executive Team

With a fresh executive team, Phylos is shifting its focus to the next generation of cannabis and hempseed genetics.

Lawsuit Challenging Arizona’s Social Equity Licenses Dismissed

More than 1,500 adult-use cannabis applications were filed for the state’s 26 social equity retail licenses in December.

Verano to Acquire Goodness Growth for $413 Million

The multistate operator will enter the New York, Minnesota and New Mexico markets, and expand in Arizona and Maryland, through the proposed deal.

Schwazze Adds Key Hires to Senior Leadership Team

The company ramps up for growth, expanding its manufacturing, information technology and cultivation expertise.

Illinois Supreme Court Denies Request to Allow State to Name Craft Grow License Winners

Cannabis company 1837 Craft Grow LLC had asked the court to modify an order from a lower court that bars state officials from naming the licensees until litigation is settled.

Coalition to Regulate Marijuana Like Alcohol Announces Signature Certification

The initiative petition has been transmitted to the Ohio General Assembly.

California Department of Cannabis Control Issues Recall for Flower Contaminated with Black Mold

The state agency issued a product recall for Claybourne Co.’s “Head Banger” flower.

Papa & Barkley Announces Executive Leadership Changes

Company Co-Founder and Chief Product Officer Guy Rocourt promoted to Chief Executive Officer; American Messaging Services LLC CEO J. Roy Pottle appointed to Board of Directors.

Canada’s Cannabis Retail Features 50% YoY Growth in 2021

As December figures come in, Canada’s 2021 sales approach CA$3.9 billion, but retail prices have declined across all product categories.

Crypto Cannabis Club Launches Cannabis Brand, Loyalty Program for NFT Owners

Through a partnership with CampNova, a direct-to-consumer cannabis platform, club members will receive discounts on premium cannabis flower.

Schwazze Closes Acquisition of Drift

The company is expanding its retail footprint in Boulder County, Colo.

Amazon Endorses U.S. Rep. Mace’s States Reform Act

The company’s support for ending federal prohibition aligns with its policy to exclude cannabis from pre-employment drug screenings.

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