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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.