Industry Headlines: Page 8

4Front Ventures’ Receivership Proceedings Progress; Board Members Resign

Board Chairman Kris Kane and Director David Daily resigned as a result of a receiver appointment under Canada’s Bankruptcy and Insolvency Act.

AYR Wellness Has No Estimate for Q1 2025 Interim Filings; Trading Remains on Hold

The cannabis company’s delay in filing its financial statements comes as its negotiations with creditors remain ongoing.

Aurora Expands Patient Access to Medical Cannabis in Canada With Extended Compassionate Pricing Program

The Canadian cannabis company expanded its eligibility of the program to those with an annual income of up to 60,000 CAD.

Tilray Medical Publishes Pioneering Research on Pharmacokinetics of THC, CBD Formulations

The new study provides insight into the bioavailability of medical cannabis formulations for therapeutic treatment.

Verano Unveils Bodega-Style Dispensary Experience at Zen Leaf Cave Creek in Phoenix

The company’s new bodega-style shopping experience offers customers the freedom to browse and select their favorite items directly from shelves.

Top Cannabis Brand Rove Launches in Maryland With Award-Winning Vapes

The California-born brand known for industry-leading innovation and premium products enters its 15th U.S. market.

Aurora Launches 2 High-Potency Flower Products in Poland

The Canadian-based company’s proprietary genetics will be the highest potency medical cannabis products available on the Polish market.

Tilray Medical Receives Italy’s 1st Authorization to Distribute Medical Cannabis Flower

The company received the go-ahead from the Italian Ministry of Health to import and distribute three cannabis flower varieties for therapeutic use.

Jones Soda Co. Divests Cannabis Beverage Business for $3 Million

The Seattle-based craft beverage company sold its cannabis segment to MJ Reg Disrupters, including its Mary Jones brand assets.

California DCC Announces $30M in Grant Funding to Advance Cannabis Research

The state’s Department of Cannabis Control is soliciting research proposals from public universities to better inform future laws impacting the industry.

Texas Hemp Advocates Nearing 150,000 Signatures Urging Gov. Abbott to Veto SB 3

The governor has until June 22 to sign, veto or file the legislation to ban intoxicating hemp products without his signature.

Aurora Cannabis Denies 2nd ‘False’ News Report of Acquisition of MedLeaf Therapeutics

The Canadian cannabis company advised stakeholders of news reports on Investing.com that was generated ‘with the support’ of artificial intelligence.

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