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

Cannabis Brand 1906 Raises $18 Million in Funding

1906, one of the most recognized and fastest-growing brands in cannabis today, announced that it closed $18 million in its most recent capital raise. The round was led by Navy Capital and included a range of institutions, high net worth individuals and 1906's existing investors.

Abacus Health Products Announces Partnership with Gillette Stadium and Patriot Place

Abacus Health Products, maker of CBDMEDIC, today announced a partnership with Gillette Stadium and Patriot Place. The deal includes CBDMEDIC branding outside the stadium and throughout Patriot Place.

MedMen Opens 2 New Locations in Florida

MedMen Enterprises Inc., a leading cannabis retailer with operations across the U.S., today announces the opening of two new locations in the state of Florida: Central Orlando and Tallahassee. The Company now has seven operational stores in Florida, with five additional store openings in the state planned for the remainder of the calendar year.

Massachusetts Coalition Launches CultivatED Jail-to-Jobs Program

A coalition of elected officials, academics, lawyers and cannabis industry leaders today announced a major initiative to empower, educate and employ individuals disproportionately impacted by the nation’s failed War on Drugs. Unveiled as “The CultivatED Program,” the initiative was championed by Massachusetts State Rep. Chynah Tyler (D-7th District).

Innovative Industrial Properties Acquires Illinois Properties, Enters Into Long-Term Leases with Cresco Labs

Innovative Industrial Properties, Inc., the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisitions of two properties in Joliet and Kankakee, Illinois, which comprise approximately 90,000 square feet of industrial space in the aggregate.

Stem Holdings Launches Cannabis Products in Nevada

Stem Holdings, Inc., a leading vertically-integrated cannabis and hemp company with state-of-the-art cultivation, processing, extraction, retail, and distribution operations, announces the launch and first shipments of two of its award-winning cultivars in Nevada dispensaries, under its new Travis x James cannabis and Cannavore edibles brands.

iAnthus Capital Holdings to Nominate 5 New Independent Directors

iAnthus Capital Holdings, Inc. which owns, operates, and partners with best-in-class regulated cannabis operations across the United States, is pleased to announce its plans to update its corporate governance and oversight toward a majority independent Board of Directors.

Columbia Care Expands Dispensary Footprint

Columbia Care Inc., one of the largest fully integrated operators in the global medical cannabis industry with licenses across the US and EU, today announced the addition of four new dispensaries with openings in Maryland, Delaware and Florida.

Sproutly Receives Flower Sales License from Health Canada, Launches 'Caliber'

Sproutly Canada, Inc. is pleased to announce that the Company’s wholly-owned subsidiary Toronto Herbal Remedies Inc., a licensed producer and processor under the Cannabis Act, has received its flower sales license from Health Canada.

cbdMD, Inc. Announces Closing of Public Offering

cbdMD, Inc. today announced the closing of its previously announced underwritten public offering of 500,000 shares of its 8.0% Series A Cumulative Convertible Preferred Stock at a purchase price of $10.00 per share for total gross proceeds of $5,000,000, before deducting underwriting discounts, commissions and other offering expenses payable by the company.

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