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GrowGeneration Acquires Char Coir For Undisclosed Sum
GrowGeneration Acquires Char Coir For Undisclosed Sum

GrowGeneration (Nasdaq: GRWG) continued its acquisition streak Monday, announcing plans to purchase growing medium company Char Coir. Specific financial terms of the deal were not announced, but the Denver-based hydroponics retailer said Char Coir’s line of 100% biodegradable coconut coir will add $15 million to the company’s top line.

Upstart Cannabis Delivery Company Zip Run Readies for Launch in Massachusetts
Upstart Cannabis Delivery Company Zip Run Readies for Launch in Massachusetts

Zip Run, a Boston-based startup aiming to become the first adult-use cannabis delivery service in Massachusetts, is almost ready to launch. Founded in January 2020 by a group of young entrepreneurs, the company is taking a multi-pronged approach to cannabis delivery that it believes will also enable others to cash in on the so-called “green rush.”

Curaleaf Leaders Discuss EMACC Acquisition, 2020 Financial Results
Curaleaf Leaders Discuss EMACC Acquisition, 2020 Financial Results

Curaleaf founder Boris Jordan believes we’re in the midst of a “global paradigm shift” and that his company is at a key “inflection point.” After establishing itself as one of the most dominant players in an emerging U.S. cannabis market — growing revenue 184% to a record-breaking $627 million in 2020 — Curaleaf now has its sights set on Europe.

BDSA Inks Strategic Licensing Deal with Fire & Flower Subsidiary Hifyre
BDSA Inks Strategic Licensing Deal with Fire & Flower Subsidiary Hifyre

Colorado-based cannabis research firm has inked a licensing agreement with Canada’s Fire & Flower Holdings, which owns and operates dozens of cannabis retail stores. The partnership will allow clients of both companies to access data from their respective territories.

Curaleaf Reports Record 2020 Financial Results, Announces Acquisition of Europe's EMMAC Life Sciences
Curaleaf Reports Record 2020 Financial Results, Announces Acquisition of Europe's EMMAC Life Sciences

On the same day it reported record-breaking 2020 financial results, Massachusetts-based Curaleaf Holdings (CSE: CURA, OTCQX: CURLF) said it would become the first U.S. multistate operator (MSO) to “meaningfully” enter Europe. Curaleaf today announced plans to acquire EMMAC Life Sciences, the largest independent cannabis company in Europe

Review: Canabix Hemp and Probiotic Wellness Water
Review: Canabix Hemp and Probiotic Wellness Water

Canabix is a line of CBD-infused “wellness water” made by Pennsylvania-based Hemp Synergistics. Available in three flavors – Lemon Cucumber, Dragon Fruit, and Peach Tea – the Canabix formulation includes a blend of water (or brewed tea in the peach flavor), erythritol, sugar, probiotics, nano-emulsified hemp oil and natural flavors.

Lil Wayne's Cannabis Brand GKUA Partners with Last Prisoner Project
Lil Wayne's Cannabis Brand GKUA Partners with Last Prisoner Project

GKUA, the cannabis brand co-founded by rapper Lil Wayne, has partnered with The Last Prisoner Project, a nonprofit organization dedicated to cannabis-related criminal justice reform. GKUA said it would donate $1 to the Last Prisoner Project for every Instagram user who shares a photo of themselves enjoying cannabis on the social media platform.

BDSA: Legal US Cannabis Sales Surpassed $17.5 Billion in 2020
BDSA: Legal US Cannabis Sales Surpassed $17.5 Billion in 2020

Legal U.S. cannabis sales grew 46% in 2020, according to a new report. Colorado-based cannabis research firm BDSA announced Tuesday that U.S. marijuana sales eclipsed $17.5 billion, up from $12.1 billion in 2019. Worldwide, cannabis sales grew 48%, to nearly $21.3 billion.

Green Thumb Industries Invests in Cann, Signs Production and Distribution Agreement
Green Thumb Industries Invests in Cann, Signs Production and Distribution Agreement

Chicago-based Green Thumb Industries (GTI), which has operations in 12 U.S. states, has signed a manufacturing and distribution agreement with California’s most prominent THC-infused beverage company, Cann. GTI has also made an undisclosed equity investment in the fast-growing company.

Canopy Growth Launches CBD-Infused Beverages in US
Canopy Growth Launches CBD-Infused Beverages in US

Canada’s Canopy Growth Corporation has launched its CBD-infused beverage line, called Quatreau, in the U.S. Available in four flavors — Cucumber + Mint, Passion Fruit + Guava, Ginger + Lime, and Blueberry + Acai — the new drinks have 25 calories, contain 20 milligrams of CBD isolate derived from hemp, and are sugar free.

Indus Holdings to Acquire Lowell Herb for $39 Million, Change Name
Indus Holdings to Acquire Lowell Herb for $39 Million, Change Name

California-based Indus Holdings Inc. is acquiring one of the most reputable names in the cannabis industry. The vertically integrated firm, headquartered in Salinas, Calif., announced Thursday plans to buy Los Angeles-based Lowell Herb Co. in a cash-and-stock transaction valued at $39 million.

GrowGeneration CEO Talks M&A, Thriving B2B Sales
GrowGeneration CEO Talks M&A, Thriving B2B Sales

Denver-based GrowGeneration (NASDAQ: GRWG) unveiled its fourth acquisition of 2021 on Tuesday, announcing plans to buy San Diego Hydroponics & Organics which operates four locations and boasts revenues of nearly $10 million. THCnet recently caught up with CEO Darren Lampert to discuss the GrowGen business.

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