Industry Headlines: Page 284

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.

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.

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