Industry Headlines: Page 348

Cannex Capital and 4Front Holdings Announce Signing of Definitive Agreement

The business combination will create a vertically integrated, multi-state operator focused on operational excellence.

Morgan Stanley Executive Director Joins Vinzan International

Donald Stewart joins the Toronto-based cannabis trading company as Chief Financial Officer.

Lawmakers Reintroduce the Marijuana Justice Act, San Francisco Clears More Than 9,000 Cannabis-Related Convictions: Week in Review

The Marijuana Justice Act would end federal cannabis prohibition and allow states to determine their own cannabis policies without the threat of federal interference.

Weekend Unlimited Announces Executive Appointments

Ese Roberts and Clint Pyatt will serve as operations and revenue generation leads for the company, respectively.

Plus Products Announces Closing of Previously Announced Private Placement of Unsecured Convertible Note Units

Gotham Green Partners and Stable Road Capital were two of the lead investors in the private placement.

Stero Biotechs to Commence Phase 2 Clinical Trial of ST-AH-01 Cannabidiol Formulation

The clinical trial will test maintenance therapy and steroid reduction in patients with autoimmune hepatitis.

New Report Values U.S. Cannabis Drinks Market at $1.4 Billion by 2024

A recent report by Zenith Global projects that the cannabis-infused drinks market will increase 15 times from 2018 sales of $89 million.

Arcadia Biosciences Announces New Business Unit Dedicated to Cannabis

With Arcadia Specialty Genomics, the company is dedicating a strategic business unit to the optimization and standardization of cannabis plant content.

4Front Extends Cannabis Operations With Acquisitions in Arizona and Massachusetts

The company acquired Arizona vertical license holder Greens Goddess, which currently owns a Phoenix dispensary.

Demand for California Cannabis Operators Heats Up as Curaleaf Announces $30.5-Million Acquisition

Eureka’s cultivation platform will provide Curaleaf access to California’s wholesale market through a 110,000-sq.-ft. greenhouse facility in Salinas.

Aurora Cannabis to Enter Portugal With Acquisition of Gaia Pharm

New production facility to expand supply to European medical cannabis systems, increasing Aurora’s international footprint to 24 countries.

Delta 9 to Supply Cannabis to Private Retail Sector in Province of Saskatchewan

The Saskatchewan Liquor and Gaming Authority has authorized the company to supply cannabis directly to the province’s retail and wholesale markets.

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