Industry Headlines: Page 291

Zelda to Merge With U.S.-Based Ilera Therapeutics to Create Global Therapeutic Medicinal Cannabis Company

The merger between Zelda and Ilera Therapeutics will create a global medicinal cannabis company, which will be rebranded as "Zelira Therapeutics Limited."

MJardin Receives Full Purchase Price from Joint Venture Partner, Begins Phase 2 Development at its Largest Cultivation Facility

Subsequent to its recently announced non-binding letter of intent with Peguis First Nation in connection with its Warman cultivation facility, Peguis has agreed to pay the full amount of the purchase price in advance of the closing of the transaction.

Viola Closes $16 Million Investment Round Led By Gotham Green Partners

This latest round of funding will assist with the acquisition of a 34,500-square-foot cultivation, processing and distribution facility in Adelanto, Calif., as well as the completion of Viola's 48,000-square-foot facility in Detroit, Mich.

TerrAscend Canada Triples Licensed Cultivation and Processing Capacity

Health Canada's approval of additional licensed space at the company's Mississauga, Ontario facility provides significant scale in production and processing.

Harvest One Announces Receipt of New Cultivation License

The company's wholly-owned subsidiary and licensed producer United Greeneries Ltd. has received a cultivation license from Health Canada for Phase I of its new Mission Road facility.

Cresco Labs Announces Closing of Acquisition in New York State

Cresco now holds one of only 10 vertically integrated cannabis business licenses issued by the state of New York.

Cannabis Goes Down Under for First-Ever Human Trial on Dementia

The Institute for Health Research at University of Notre Dame in Western Australia recently announced the start of a ground-breaking clinical trial to discover how cannabis can alleviate symptoms associated with dementia.

Aleafia Health Completes Construction, Secures Full Occupancy at Paris Processing Facility Expansion

The expansion features an initial 115,000 kg of dried flower equivalent annual extraction capacity, with ability for further expansion on-site.

Agrios Global Holdings Ltd. Announces Dr. Curt Livesay, Director of Agronomy, Is Guest Columnist and Webinar Co-host at Cannabis Business Times

Livesay is a guest columnist in the October 2019 issue of Cannabis Business Times and will co-host a webinar on Oct. 8 with Andrea Sparr-Jaswa, science editor of Cannabis Business Times and Cannabis Dispensary.

Surterra Wellness Announces Corporate Name Change to Parallel

The rebranding reflects the company's position as a rapidly growing, global well-being company and reaffirms its commitment to improving the quality of life through the benefits of cannabinoids.

Australia’s Government Invests $3 Million in Medical Cannabis Research

The federal government will provide the funds to investigate how cannabis can help cancer patients.

New Adult-Use Cannabis Petition Launched in Florida

A petition organized by Make It Legal Florida gathered 100,000 signatures in 20 days.

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