Industry Headlines: Page 2

Cannabist Cultivation Workers Ratify 1st Union Contract in New Jersey

The cannabis workers in Vineland voted to accept their contract with UFCW Local 152 after first deciding to organize nearly three years ago.

Cronos Grows International Footprint in Switzerland

The Canadian cannabis company partnered with Dascoli Pharma AG to expand the distribution of its PEACE NATURALS brand in the Swiss market.

AYR Wellness Misses Interest Payment on Outstanding Senior Notes

The cannabis company does not anticipate that the missed payment will result in operational challenges as it restructures its debt profile.

TerrAscend Exiting Michigan, Will Sell 4 Cultivation Facilities, 20 Dispensaries

The cannabis company announced the strategic exit to focus on core markets. The net proceeds from its divestitures will be used to pay down debt.

California Cannabis Excise Tax Hike Takes Effect as Consumers Face Mounting Cost-of-Living Crisis

The excise tax increase will drive more Californians to the unlicensed market; Assembly Bill 564 offers a path to roll back the policy.

4Front Ventures’ Receivership Proceedings Progress; Board Members Resign

Board Chairman Kris Kane and Director David Daily resigned as a result of a receiver appointment under Canada’s Bankruptcy and Insolvency Act.

AYR Wellness Has No Estimate for Q1 2025 Interim Filings; Trading Remains on Hold

The cannabis company’s delay in filing its financial statements comes as its negotiations with creditors remain ongoing.

Aurora Expands Patient Access to Medical Cannabis in Canada With Extended Compassionate Pricing Program

The Canadian cannabis company expanded its eligibility of the program to those with an annual income of up to 60,000 CAD.

Tilray Medical Publishes Pioneering Research on Pharmacokinetics of THC, CBD Formulations

The new study provides insight into the bioavailability of medical cannabis formulations for therapeutic treatment.

Verano Unveils Bodega-Style Dispensary Experience at Zen Leaf Cave Creek in Phoenix

The company’s new bodega-style shopping experience offers customers the freedom to browse and select their favorite items directly from shelves.

Top Cannabis Brand Rove Launches in Maryland With Award-Winning Vapes

The California-born brand known for industry-leading innovation and premium products enters its 15th U.S. market.

Aurora Launches 2 High-Potency Flower Products in Poland

The Canadian-based company’s proprietary genetics will be the highest potency medical cannabis products available on the Polish market.

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