Industry Headlines: Page 285

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.

Aphria Inc. Doubles Production Capacity After Receiving Cultivation License for Aphria Diamond

Aphria Diamond adds 140,000 kg of annualized cannabis production; Aphria Inc. now has total annualized production capacity of 255,000 kg.

Diego Pellicer Worldwide, Inc. Appoints Nello Gonfiantini III As Chief Executive Officer

In addition, company veteran Christopher Strachan has joined the board of directors.

USDA Releases Interim Hemp Regulations, Massachusetts Governor Pursues Emergency Regulation for Vape Ban: Week in Review

Now that the White House Office of Management and Budget has given the go-ahead to the USDA’s federal hemp regulations, the draft of interim rules for the industry is live.

Kali-Extracts Explores $50 Million Cannabis Biopharmaceutical Technology Sale

The company is taking a next step with the investor that has recently valued its biopharmaceutical technology at $50 million.

Valens GroWorks and BRNT Ltd. Enter Into White Label Deal

Valens will produce a minimum of 2.2 million vape pens on behalf of BRNT Ltd. for the Canadian market over an initial two-year term.

Minority Cannabis Business Association Announces Tri-State Cannabis Equity Summit

The event will be held at Civic Hall in New York City on Dec. 7.

Kali-Extracts Entertains $50 Million Cannabis Biopharmaceutical Technology Acquisition Valuation

Kali management has entered discussions with the investor but not formally expressed at this point that it is willing to consider a sale.

City Council President Urges Los Angeles to Halt Cannabis Licensing Process Amid Concerns

Herb Wesson has argued that the latest round of licensing was “compromised” by some applicants gaining early access to the system.

Federal Court Dismisses Lawsuit Against DEA Over Medical Cannabis Research

The DEA announced in August that it would expedite the review of cultivation license applications that have been pending for three years, making the lawsuit “moot,” according to the judge.

Cresco Labs Announces Expiration of HSR Act Waiting Period for the Proposed Acquisition of Tryke Companies

The transaction is anticipated to close during the first half of 2020 and is subject to certain closing conditions, including the approval from the states of Nevada, Arizona and Utah.

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