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

Flower One Holdings Raises $7.8 Million Through Non-Brokered Private Placement

Flower One Holdings Inc. a leading cannabis cultivator, producer and innovator in Nevada, is pleased to announce that it has successfully closed its previously announced non-brokered private placement, raising gross proceeds of CDN$10.9 million (US$7.8 million).

Azuca CBD Expands US Retail Footprint

As the retail sector moves ahead with safe reopening in accordance with state mandates, leading culinary CBD and edibles brand Azuca today announced its expansion into ten markets nationwide. These new partnerships include dispensaries, retail stores, and coffee houses in Arkansas, Colorado, Connecticut, Florida, Georgia, Hawaii, New Mexico, New York, Oregon, and West Virginia.

TerrAscend Names Keith Stauffer as Chief Financial Officer

TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER, OTCQX: TRSSF), a leading North American cannabis operator, today announced the appointment of Keith Stauffer as Chief Financial Officer (“CFO”). Mr. Stauffer will be based in New York City and is expected to commence his role as CFO on April 27, 2020, subject to CSE approval.

Cresco Labs Closes Sale-and-Leaseback With Innovative Industrial Properties for Michigan Facility

Cresco Labs, one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it has completed the agreement to sell its Marshall, MI property to Innovative Industrial Properties, Inc. (“IIP”). The previously announced sale was for a consideration of approximately $16 million, which includes $11 million in funding for tenant improvements.

BR Brands and Dixie Announce Execution of Definitive Agreement

Today, BR Brands LLC, a premier house of brands within the legal cannabis sector, and Dixie Brands Inc., one of the legal cannabis industry's most recognized consumer packaged goods companies, have entered into a definitive agreement to complete their previously disclosed business combination.

Halo Labs Announces Proposed Partnership with FlowerShop and G-Eazy

Halo Labs Inc. and FlowerShop* are excited to announce a new partnership that will bring much-needed employment opportunities to communities during the uncertain times of the COVID-19 global crisis. Halo intends to acquire a membership interest in FlowerShop*, in which G-Eazy is a partner and key member of the company.

Canopy Growth Corporation Announces New Lines of CBD Topicals

First & Free, an American-made CBD brand from Canopy Growth Corporation (TSX:WEED, NYSE:CGC), today announced a new line of CBD Creams: Everyday, Motion and Revitalize. The creams are the latest addition to First & Free’s portfolio of hemp-derived CBD isolate products including oil drops and softgel capsules, which launched exclusively in the U.S. last December.

Cresco Labs Completes Expansion of Illinois’ Largest Cannabis Cultivation Facility

Cresco Labs, one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it has completed the expansion of its cultivation facility in Lincoln, IL, the largest in the state, and the first phase of expansion at its Kankakee facility.

Planet 13 Announces Full Year 2019 Financial Results

Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF) ("Planet 13" or the "Company"), a leading vertically-integrated Nevada cannabis company, today announced financial results for the three-month and twelve-month periods ended December 31, 2019. Planet 13's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS").

TerrAscend Announces Management Changes

TerrAscend Corp., a leading North American cannabis operator, announced today that it has appointed Jason Ackerman as Chief Executive Officer. The Company will also relocate its financial operations to its U.S. headquarters in New York City.

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