Industry Headlines: Page 280

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.

Denver Dispensaries Racking Up 80-Percent Failure Rate in Random Testing

The news, first reported by Denver’s alt-weekly, comes at a time of heightened self-scrutiny in the business.

South Dakota Groups Submit Petitions to Qualify Marijuana Reform Ballot Initiatives for the 2020 Election

Marijuana reform groups have submitted petitions containing over 80,000 signatures to the South Dakota Secretary of State in order to qualify two separate marijuana reform ballot initiatives for next year’s election.

PURA – Puration Announces LOI to Acquire Foothold In U.S. $17 Billion European CBD Market Potential

The company has announced executing a letter of intent to acquire a company headquartered in Germany as part of a strategy to bottle PURA’s CBD infused beverages locally.

Core One Labs Inc., Signs a Definitive Agreement to Acquire Cultivation Facility in Canada

The company has agreed to acquire Rainy Daze Cannabis Corp., a British Columbia corporation.

Sun Kissed CEO Issues Shareholder Letter on CBD-Based Acquisition Strategy

The company is pursuing acquisitions as part of an aggressive M&A strategy designed to position Sun Kissed as a dominant player within the rapidly expanding CBD sector.

Flower One Commences Negotiations to Acquire Strategic Property in California and Provides Nevada Sales Update

Sales from the company's Nevada operations are tracking strong with a compound weekly growth rate of 15 percent.

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