Industry Headlines: Page 277

Judge Rules Racial Quotas in Ohio Medical Cannabis Program Are Unconstitutional

A section of the law requires that 15 percent of licensed companies in the program are owned by members of “economically disadvantaged groups.”

Sun Kissed Announces Fully Executed LOI to Acquire Hakuna Supply, an Award-Winning Commercial Stage CBD Products Company

Hakuna is located in California with over 110 established retail distribution partners across over 20 states in the domestic U.S. market.

Canopy Growth and Drake Launch New Cannabis Wellness Company

The pair will launch the More Life Growth Company, a fully licensed producer of cannabis based in Drake's hometown of Toronto, Canada.

Northern Swan Holdings Fully Integrates Colombia’s Clever Leaves

The single international company will now operate under the Clever Leaves brand.

Merida Merger Corp. I Announces Pricing of USD$120 Million Initial Public Offering

The offering is expected to close on or about Nov. 7, 2019, subject to customary closing conditions.

Veritas Farms Launches in Winn-Dixie with Full Spectrum Hemp Oil Ingestible and Topical Products

The company's ingestible and topical products will be featured in 152 South Eastern Grocers’ Winn Dixie stores in Florida and South Carolina.

The Closing Date of GB Sciences' Sale of GB Sciences Louisiana LLC Is Delayed

The parties were not prepared to close on Oct. 31, 2019, and have now extended the closing date to on or before Nov. 30, 2019.

Federal Grand Jury Investigates Municipal Cannabis Contracts in Massachusetts

U.S. Attorney Andrew Lelling has convened a grand jury to investigate the agreements between the state’s municipalities and the cannabis companies they host.

Columbia Care Enters Colorado With $140-Million Acquisition of The Green Solution

Founded in 2010, The Green Solution currently operates 21 dispensaries with two additional stores under development that are expected to open in 4Q 2019.

Core One Labs Inc. Provides Clarification on Terms of Definitive Agreement to Acquire Micro-Cultivation Facility in Canada

The company has entered into a definitive agreement to acquire all of the issued and outstanding shares of Rainy Daze.

Poll: Most Americans Support Ending Federal Cannabis Criminalization

More than six in ten U.S. adults say that they favor “changing federal law to legalize marijuana for recreational use,” according to national polling data compiled by Politico and Harvard’s T.H. Chan School of Public Health.

Maine Prepares to Accept Adult-Use Cannabis Business License Applications

The Office of Marijuana Policy will begin taking testing lab applications Nov. 18, and will start accepting cultivation, manufacturing and retail applications Dec. 5.

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