Subversive Capital — which last year raised $575 million through a special-purpose acquisition company (SPAC) and set out to purchase one or more cannabis ventures — announced Tuesday deals for two of California’s most prominent operators: Caliva and Left Coast Ventures.
Los Angeles-based Mad Tasty, founded by Grammy winning singer-songwriter Ryan Tedder, makes a line of sparkling waters infused with broad spectrum hemp extract. Available in three flavors — Grapefruit, Watermelon Kiwi and Unicorn Tears — Mad Tasty’s offerings live up to their name.
Third quarter earnings are out and all of the major cannabis firms have reported their financial results. Key highlights and links to individual announcements from some of the top operators across the United States are below.
Former NBA Champion Matt Barnes has partnered with California-based online cannabis marketplace and delivery service Eaze to advise their board of directors on “cannabis policy, social impact, and industry relations,” and help the company launches its Momentum accelerator program nationally.
In an effort to learn more about the challenges of delivering a high-quality and consistent gummy product, and to understand best production practices, THCnet asked Wana Brands’ vice president of Innovation, Mike Hennesy, to share his insights into ingredient selection, flavoring, infusion and packaging.
Cincinnati-based Queen City Hemp makes a line of CBD-infused seltzers that contain full-spectrum hemp extract. Available in four primary flavors — Blood Orange, Guava, Passion Fruit, and Lemon & Lavender — Queen City Hemp’s main line offerings contain just 5 mg of hemp-derived CBD and 0 calories.
The Massachusetts Cannabis Control Commission, citing data from the state’s Metrc “seed-to-sale” tracking system, last week reported that 80 dispensary operators in the Bay State had combined to sell $1,000,521,905 worth of cannabis products since November 20, 2018.
Chicago-based cannabis firm Verano Holdings announced Wednesday plans to acquire Florida’s Alternative Medical Enterprises (AltMed) for an undisclosed sum. The merger of the two multistate operators (MSOs) will create one of the largest private cannabis companies in the U.S., a news release noted.
Nearly 70% of Americans support federal cannabis legalization, according to a new Gallup poll. On Monday, the analytics and polling shared the results of its annual crime survey, which was conducted between September 30, 2020 and October 15, 2020. In telephone interviews with 1,035 adults (18+), Gallup found that 68% of Americans were in favor of legalizing cannabis.
Aphria chairman and CEO Irwin Simon believes that beverages will become one of the biggest segments in the cannabis industry once adult-use marijuana is federally legalized in the U.S. In a conversation with THCnet, Simon explained his bullishness on the cannabis-infused drinks segment and shared why his company agreed to acquire Atlanta-based craft beer maker Sweetwater Brewing for $300 million.