Industry Headlines: Page 357

Federal Court Recognizes Free Speech for Cannabis Producer, Connecticut Lawmakers Introduce Adult-Use Legalization Bill: Week in Review

In a ruling in favor of New Mexico’s Ultra Health, a federal judge recognized the First Amendment protections guaranteed to medical cannabis producers.

Vitality Biopharma Appoints Former Ohio Gov. Richard F. Celeste to Board

The company added an additional position on its board of directors and has appointed Celeste to serve in that post.

Michigan Cannabis Advocates Sue to Remove Marijuana From Controlled Substances List

Advocates say the move would bring an end to police raids.

Israeli Cabinet About to Approve Cannabis Exports

The bill would allow Israel to compete in an industry that is expected to reach $33 billion worldwide in the next five years.

The Cannabis Business Is Booming—But That’s Not Necessarily Good If You’re an Investor

The pot industry faces a “massive inflationary bubble,” Canopy Growth's CEO said at the World Economic Forum.

Cronos Group Inc. Announces Closing of $65 Million Credit Facility

Cronos has entered into a credit agreement with with Canadian Imperial Bank of Commerce and the Bank of Montreal.

Caliva Raises $75M to Invest in California

The California cannabis brand is building a war chest to fund production and expansion with investments from California legends Carol Bartz and Joe Montana.

Tilray to Acquire Cannabis Cultivator Natura Naturals Holdings

Tilray will buy the Leamington, Ontario-based cultivator for C$35 million.

Aphria Urges Shareholders to Take No Action With Respect to Unsolicited Takeover Bid by Green Growth Brands

Green Growth Brands has commenced an unsolicited take-over bid to acquire all outstanding common shares of Aphria.

Travelers Caught Carrying Small Amounts of Cannabis Into Canada Could Be Hit With Fines

Since Oct. 17, adults in Canada have been allowed to possess and share up to 30 grams of cannabis.

Massachusetts Marijuana Growers Say Cannabis Control Commission Should Be Allowed to Regulate Municipal Marijuana Agreements

An advocacy group is asking the courts to give the commission authority to regulate host community agreements signed between municipalities and marijuana shops.

High Times to Acquire Spannabis

The deal terms included $3 million cash due at closing and $4 million in Hightimes common stock.

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