Constellation Brands To Invest $4 Billion USD In Canopy Growth

Web PNG-Constellation Brands Black and White Vertical Logo

Expands Strategic Partnership to Accelerate Canopy Growth’s Global Expansion Plans  CANADA: Constellation Brands, a leading beverage alcohol company, and Canopy Growth, a leading diversified cannabis company have announced a significant expansion of their strategic partnership to position Canopy Growth as the global leader in cannabis production, branding, intellectual property and retailing. Constellation Brands will increase its ownership Read the full article…

MedMen Completes Strategic Investment In Lowell Herb Co.

Lowell Smokes sold in 250 top dispensaries across California

CALIFORNIA: MedMen Enterprises Inc  and The Hacienda Company announced today that MedMen has completed a strategic investment in The Hacienda Company, which owns Lowell Herb Co., a California-based cannabis brand known for its pack of pre-rolls called Lowell Smokes. Lowell Smokes has established itself as one of the strongest cannabis brand names in California founded on principles Read the full article…

MedMen Announces Acquisition Of Florida Marijuana License And Cultivation Facility

Marijuana is big business

CALIFORNIA: MedMen, the country’s leading cultivator, producer and retailer of state-sanctioned cannabis, has signed a definitive agreement to acquire dispensary and cultivation assets from Florida-based Treadwell Nursery. As part of the transaction, MedMen will acquire Treadwell Nursery’s cultivation facility situated on 5 acres in Eustis, Florida and the right to open 25 medical marijuana dispensaries in the State of Read the full article…

Aphria Selects Great North Distributors For Canadian Distribution Of Adult-Use Cannabis

Cannabis in Canada

CANADA: Aphria and Great North Distributors, a wholly-owned Canadian subsidiary of Southern Glazer’s Wine & Spirits, have signed an agreement for Great North Distributors to serve as exclusive manufacturer’s representative for Aphria’s adult-use cannabis products throughout Canada, following the legalization of recreational cannabis for adult-use anticipated later this year. Under the terms of the agreement, Great North Distributors Read the full article…

Cannabis PE Firm Merida Capital Partners Exceeds $50 Million In Assets Under Management

“Merida continues to see an acceleration of institutional interest in our core strategy,”

NEW YORK:  Merida Capital Partners, a private equity fund targeting fundamental growth drivers underpinning the rapid development of the cannabis industry, announced it has crossed $50MM in assets under management and closed transactions in nine companies in its second Fund. With the full deployment of Merida’s first tranche of Fund II and the opening of the firm’s Read the full article…

Aurora Cannabis Increases Stake In Hempco To 35%

This amended license brings the Company one step closer to increasing its global presence as the prominent industry leader in cannabis innovation, production, and distribution of high-demand cannabis strains.

CANADA: Aurora Cannabis and Hempco Food and Fiber announced that Aurora has exercised 10,558,676 warrants to purchase common shares of Hempco for total proceeds of $4.3 million to Hempco. Consequent the warrant exercise, Aurora now owns 21,117,352 Hempco common shares, reflecting an ownership interest of approximately 35%. “With this further investment by Aurora we are now very well capitalized Read the full article…

Tilray Forms Strategic Alliance With Leading Pharmaceutical Company In Canada

Agreement represents major milestone recognizing medical cannabis as a conventional medicine for patients in need

CANADA: Tilray, a federally licensed producer of medical cannabis, announced today that it has signed a binding letter of intent (LOI) to be the exclusive collaborator of a major pharmaceutical company to accelerate innovation and increase availability of high quality medical cannabis products. Through this LOI and the anticipated definitive agreements, Tilray is allied with Sandoz Read the full article…

Big Marijuana Is Coming — And Even Legalization Supporters Are Worried

Some legalization backers are increasingly concerned that something like Ohio's initiative will become standard — and the interests of the pot industry, which will grow more and more as legalization spreads, will take priority over the public's best interests.

OHIO: Last month, Ohioans rejected a very unusual marijuana legalization proposal. Beyond legalizing pot, the ballot initiative would have given campaign donors direct rights to the state’s 10 pot farms as an explicit gift for their support. It was, even legalization advocates argued, a flagrant display of would-be members of the pot industry trying to cash in on a movement motivated Read the full article…

Diego Pellicer Faces Subpoena, Other Problems In Marijuana Biz

Diego Pellicer Worldwide, the company that says it’s “developing the world’s first ‘premium’ marijuana brand,” acknowledged those issues last week deep in its first regulatory filing after merging into a public shell company.

WASHINGTON:  The Top 5 Things You Don’t Want to Say when introducing a new public company might be: No. 5. We’ve received a subpoena from the U.S. Attorney. No. 4. We’ve only got one real paying customer. No. 3. We’re not sure when we can actually collect any money from that customer. No. 2. We’re Read the full article…

Vice Wars: Tobacco, Alcohol And The Rise Of Big Marijuana

Issues raised in the judiciary committee hearing Thursday ranged from government regulation and Congressional involvement to the punitive effects the ban has on businesses and residents who don’t own their homes.

DISTRICT OF COLUMBIA:  Drug reformers always dreamed of a world where users were safe and dealers were free. Then that world arrived, at least in the states where marijuana is legal. Now they see a new nightmare on the horizon: Big Pot. The specter of corporate cannabis loomed large on Tuesday, when the family of Read the full article…