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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.

AdvisorShares' US Cannabis ETF Has Surpassed $1 Billion in Assets Under Management
AdvisorShares' US Cannabis ETF Has Surpassed $1 Billion in Assets Under Management

Less than six months after launching on the NYSE Arca exchange, AdvisorShares’ Pure US Cannabis ETF has surpassed $1 billion in assets under management (AUM).

Acreage Holdings Names New CFO
Acreage Holdings Names New CFO

Acreage Holdings is adding another executive from Bespoke Capital. The New York-based cannabis firm announced Tuesday that Steve Goertz, a Canadian business executive who most recently served as partner and chief financial officer of the Bespoke SPAC, would supplant current Acreage CFO Glen Leibowitz.

Parallel to Go Public via SPAC in $1.8 Billion Deal
Parallel to Go Public via SPAC in $1.8 Billion Deal

Florida-headquartered cannabis firm Parallel will go public on Canada’s NEO Exchange in a SPAC deal valuing the firm at more than $1.8 billion.The multistate cannabis operator — led by William “Beau” Wrigley, the billionaire heir to the iconic namesake chewing gum enterprise — will merge with Ceres Acquisition Corp., a blank check company backed by music industry entrepreneur Scooter Braun.

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