Press Releases

Cannabis industry newswire. Please submit your news or press releases to news@thcnet.com.


Vertosa Raises $6 Million in Seed Funding

Vertosa, an innovative cannabis technology company providing customized emulsion systems for infused products, today announced it has closed a $6 million Series Seed Funding Round co-led by the California-based AFI Capital Partners and the New York-based Welcan Capital.

Flower One Partners with Kiva Confections

Flower One Holdings Inc. -- Nevada's leading cannabis cultivator, producer, and full-service brand fulfillment partner – today announces its brand partnership with California-born Kiva Confections, bringing their industry-leading, premium cannabis confections to the Nevada market.

Cresco Labs Reports Q3 Earnings Results

Cresco Labs Inc. one of the largest vertically integrated multistate cannabis operators in the United States, today released its unaudited financial results for the third quarter ended September 30, 2019.

Halo Labs Announces Planned Purchase of Mendo Distribution and Transportation

Halo Labs Inc. is pleased to announce it has executed on an Agreement and Plan of Merger and Reorganization with the sole member of Mendo Distribution and Transportation, LLC, pursuant to which a subsidiary of Halo will merge with and into MDT.

Ceria Brewing Announces California Launch

California is the next recreationally legalized state being targeted for Colorado-based CERIA Brewing Company's line of THC- and THC/CBD-infused dealcoholized craft beers. In January 2020, the company plans to introduce to the Golden State its Grainwave Belgian Style White Ale infused with 5 mg. of THC, and its newest entry, Indiewave, an IPA Style infused with 10 mg. of THC and 10 mg. of CBD.

Sunniva Announces Resignation Of President

Sunniva Inc. a North American provider of cannabis products and services, announces that for personal reasons, Kevin Wilkerson has resigned from his position of President of the Company and from the position of President and Chief Executive Officer of Sun CA Holdings, Inc., the Company's main US subsidiary, effective December 2, 2019.

Halo Labs Reports Q3 2019 Earnings

Halo Labs Inc. today announced its financial and operational results for the third quarter ended September 30, 2019. For the three months ended September 30, 2019, the Company’s gross profit and gross margin were $2.9 million and 41% respectively, representing record quarterly results since the Company’s inception.

BevCanna to Acquire California Cold-Pressed Juice Company Little West

Emerging leader in infused cannabis beverages, BevCanna Enterprises Inc. announced that it has signed a non-binding Letter of Intent to acquire West Coast cold-pressed juice company, Little West Holdings LLC.

Cresco Labs and Origin House Announce Amendment to Arrangement Agreement

Cresco Labs Inc. and CannaRoyalty Corp. today announced that, in connection with the previously announced plan of arrangement pursuant to which Cresco Labs will acquire all of the issued and outstanding shares of Origin House in an all-stock transaction, the parties have agreed to an amendment to the arrangement agreement dated April 1, 2019 to provide for certain changes.

MedMen Enterprises Opens 8th Florida Location

MedMen Enterprises Inc., a leading cannabis retailer with operations across the U.S., announces the opening of its latest Florida location in the city of Sarasota. This is the eighth of 12 locations MedMen plans to open in Florida this calendar year.