Industry Headlines: Page 28

Green Thumb CEO Urges DEA to ‘Do Their Job’ for Cannabis Rescheduling

Ben Kovler’s remarks came with the company’s second quarter financial results, which featured $280 million in revenue, an 11% year-over-year increase.

Jushi Holdings Inc. Refinances Existing 1st Lien Credit Facility With $48.5 Million Term Loan – Strengthening Its Capital Structure With No Debt Maturities Until 2026

Jushi Holdings Inc., a vertically integrated, multi-state cannabis operator, announced that it has completed the refinancing of its approximately $53 million senior secured credit facility due Dec. 31 through the issuance of a new $48.5 million senior secured Term Loan and use of approximately $7.4 million from cash on hand, which includes fees associated with the refinancing.

AYR Wellness Executive Chairman Resigns

Jonathan Sandelman stepped down from his role after serving on the company’s board since 2017. Louis Karger replaced him.

Verano to Acquire Virginia License, Assets From The Cannabist Co. for $90M

The vertically integrated license includes a cultivation and production facility and six dispensaries. The agreement also includes Arizona assets.

Trulieve to Open 143rd Medical Cannabis Dispensary in Florida

The new retail facility in Ocala, the company’s second location in Marion County, will host a grand opening celebration on Aug. 2.

Tilray’s Aphria RX Receives Cannabis Trading License in Germany

The license significantly expands the company’s commercial growth opportunities.

Verano Opens 18th Medical Cannabis Dispensary in Pennsylvania

The company’s affiliated Zen Leaf store in Fairless Hills is one of its 142 retail facilities nationwide.

Aurora Receives Expanded Cultivation, Unique Research Licenses for German Facility

The company’s long-standing investment in the region continues with enhanced local production and domestic cultivar research.

Curaleaf Opening 2 New York Medical Dispensaries, Launching Adult-Use Sales at 2 Other Stores

New Rochester and Syracuse locations will expand the company’s retail footprint to six dispensaries in New York and 148 nationwide.

Planet 13 Launches Lifestyles Brand Company; Signs 1st Sponsored Athlete in UFC Title Contender Chito Vera

The No. 4 ranked bantamweight contender will promote Planet 13 Fight Club—the company’s combat sports themed division of its new Lifestyles brand.

LeafLink Acquires Leading Cannabis Banking Platform Dama Financial

The acquisition will allow LeafLink to offer industry access to secure, compliant and reliable banking solutions.

MariMed Doubles Cannabis Cultivation Flower Capacity in Maryland Facility

The company planted seedlings in its new grow rooms, which will propel retail and wholesale product distribution during the fourth quarter of 2024.

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