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

BevCanna Advances to Final Stage of Health Canada Standard Processing License

Emerging leader in infused cannabis beverages, BevCanna Enterprises Inc. is pleased to announce today that its application for a Standard Processing Licence has advanced to the final stages of the in depth review with Health Canada.

Vireo Health Announces Closing of Previously Announced Divestiture of Pennsylvania Dispensary Solutions

Vireo Health International, Inc., the science-focused, multi-state cannabis company with licenses in six states and the Commonwealth of Puerto Rico, today announced that the sale of its former subsidiary, Pennsylvania Dispensary Solutions, LLC, to a subsidiary of Jushi Holdings, Inc., closed on December 18, 2020.

Ackrell SPAC Partners I Announces Pricing of Upsized $120 Million IPO

Ackrell SPAC Partners I Co. announced today that it priced its upsized initial public offering of 12,000,000 units, at $10.00 per unit. The units will be listed on the NASDAQ Capital Market (“NASDAQ”) and will begin trading today, December 21, 2020, under the ticker symbol “ACKIU.”

Jushi Holdings Opens 3rd BEYOND / HELLO Dispensary in Illinois

Jushi Holdings Inc., a vertically integrated, multi-state cannabis operator, announced it will open its second retail location in Sauget, Illinois, its 13th nationally and third retail location in Illinois: BEYOND / HELLO™ Route 3. The new store location will begin serving adult-use cannabis customers on Tuesday, December 22, 2020. 

Indus Holdings Completes C$34.5 Million Underwritten Public Offering

Indus Holdings, Inc., a leading, vertically-integrated, California-focused cannabis company announces the closing of its previously announced underwritten public offering of units of the Company. The Offering was conducted by a syndicate of underwriters co-led by Canaccord Genuity Corp. and Beacon Securities Limited, and including PI Financial Corp.

MedMen Appoints Reece Fulgham as Interim Chief Financial Officer

MedMen Enterprises Inc., a leading cannabis retailer with operations across the United States, today named Reece Fulgham as Interim Chief Financial Officer. Fulgham will oversee MedMen’s finance and accounting operations beginning Monday, December 21, 2020.

Cresco Labs’ Good News Brand Expands Into Michigan

Cresco Labs, one of the largest vertically integrated, multistate cannabis operators in the United States, announced today the expansion of its Good News brand to Michigan, a state with accelerating adult-use cannabis sales and a growing medical program totaling nearly $600 million in cannabis sales to date, according to data from Headset

WeedMD Launches Terpene-Infused Saturday Cannabis-branded Vaporization Products

WeedMD Inc., a federally licensed producer and distributor of medical-grade cannabis, is pleased to announce it is expanding its Cannabis 2.0 product portfolio with the launch of its new one-gram, 510-thread vaporization products in Ontario, to be sold under its Saturday Cannabis branded line-up.

MedMen Appoints Tom Lynch as Chairman of the Board

MedMen Enterprises Inc., a leading cannabis retailer with operations across the United States, today announced that Tom Lynch has been elected as Chairman of the Board of Directors, effective immediately. Lynch currently serves as the interim Chief Executive Officer for MedMen and was elected to the Board of Directors in November.

Gage Cannabis Announces $20 Million Reg A+ Commitment from JW Asset Management

Gage Cannabis Co. ("Gage" or the "Company"), the leading high-quality craft cannabis brand and operator in Michigan, today announced it has secured a minimum investment of US$20 million from funds advised by JW Asset Management, LLC ("JWAM") as part of the Company's Regulation A, Tier 2, equity financing (the "Offering").

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