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Industry Headlines: Page 251
Village Farms International Announces Pure Sunfarms' Initial Cultivation and Sales License for Delta 2 Greenhouse
Pure Sunfarms will begin to roll out vape products this summer.
Aphria Inc. Announces Move to Nasdaq
The company will continue to trade under the APHA ticker as of Monday, June 8, 2020.
TGOD Rolls Out Highly Dutch Organic
The dual branding strategy addresses both the premium and mainstream consumer.
Manitoba Will License Additional Cannabis Retailers
The province will open its cannabis retail application to all prospective applicants June 1.
California Offers License Fee Deferrals to Cannabis Businesses, Massachusetts Adult-Use Dispensaries Prepare to Reopen with Curbside Pickup: Week in Review
This week, California regulators unveiled a plan to defer license fee payments for 60 days to provide financial assistance to cannabis licensees affected by the COVID-19 pandemic.
Nevada Dispensary Association Releases Nevada Cannabis Industry 2020 Economic Impact Report, Announces Total Taxable Sales at $692 Million in 2019
The report highlighted the revenues and other important economic effects the cannabis industry has in Nevada in fiscal year 2020, as well as projections going forward.
FSD Pharma Monetizes Non-Core Asset with Sale of Partial Equity Stake in Pharmadrug Inc.
The buyer holds the option to purchase additional shares.
Aurora Cannabis to Strategically Enter the United States with Acquisition of Reliva, LLC, a Mass Retail CBD Platform
The acquisition provides Aurora with a retail hemp-derived CBD brand that is currently sold in more than 20,000 mass retail U.S. locations.
Charlotte’s Web Reports a Loss in Q1 as Sales Dip and Expenses Rise
The CBD manufacturer recently reported a loss of $11M for Q1 versus a profit of $2.3M the same time last year as sales take a hit amid COVID-19 and operating expenses rise.
Michigan Expands Social Equity Program
The state is increasing the number of disproportionately impacted communities from 41 to 184 and will no longer require licensees to reside in those communities to receive certain fee reductions for their first two years in operation.
The Green Organic Dutchman Inks National Supply Agreement with Medical Cannabis by Shoppers
The strategic relationship provides opportunities for future growth as the Canadian medical market continues to evolve.
Adult-Use Cannabis Dispensaries in Massachusetts Can Offer Curbside Pickup Starting Memorial Day
After being shut down for about two months, adult-use retailers can reopen, with restrictions, as part of Gov. Charlie Baker's four-phase plan to reopen the state.
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