Industry Headlines: Page 328

NUG, Inc. Raises $15 Million in Series A Funding Round

The vertically integrated cannabis company oversubscribed its original goal, securing additional funding to fuel rapid expansion.

Sparx Cannabis Announces Acquisition of Multiple Licenses for Cultivation and Distribution of Cannabis in California

The distribution license provides Sparx Cannabis with the ability to distribute product across the state of California.

Pittsburgh Temporarily Bans Hemp Cultivation, Related New Businesses

The city wants time to draft regulations on raw hemp.

April Medical Marijuana Sales Top $18 Million in Oklahoma

Marijuana sales have grown significantly each month since dispensaries began selling cannabis in October.

Open Cannabis Project Dissolves in Response to Controversy Over Ag-Science Company Phylos Bioscience's Breeding Program

The Oregon nonprofit that aimed to protect the cannabis genome from patent trolls dissolved May 6 in response to intense backlash against its former business partner Phylos Bioscience.

Geocann Launches CBD Soft Gel Formulations Utilizing Patented Drug Delivery Technology

The condition-specific portfolio showcases clinically measured bioavailability and science-backed cannabinoid and terpene ratios.

Medical Marijuana Won't Be City's Cash Cow, Lansing Officials Say

The costs of running a medical marijuana program are likely to cancel out gains from any fees collected, Lansing officials insist.

Surterra Wellness and Endless Summer to Develop Cannabis Brand of Products

The exclusive deal will extend into the cannabis wellness area, with initial product launch anticipated for fall of 2019.

Marijuana Company of America Issues 2019 Shareholder Letter

In the letter, the company provided a discussion on its two current acquisitions, a review of its recent financial and operating performance, and details of its new Viva Buds brand.

Former Mars Petcare Executive Kevin Cole Joins True Leaf as President

The seasoned executive from one of the world's largest pet food companies will drive the growth of True Leaf Pet.

Curaleaf Acquires Rights to Cultivation and Processing Capacity in Ohio

The company plans to be vertically integrated in the state.

Florida Medical Marijuana Firms Challenge Trulieve Ruling, Want More Storefronts

Surterra Florida LLC and Curaleaf Florida LLC have filed administrative complaints accusing health officials of creating an invalid rule with Trulieve's settlement and asking for the same treatment.

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