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…

LDB Issues Product Call For Non-Medical Cannabis

LDB issues product call for non-medical cannabis

CANADA: The BC Liquor Distribution Branch (LDB) has issued a second product call as part of a continuing effort to expand its wholesale product assortment for non-medical cannabis. In July, the LDB entered into memorandums of understanding with 32 licensed producers to form its initial wholesale product assortment to cater to the B.C. market directly following legalization Read the full article…

Tikun Olam Teams With iaso To Serve Puerto Rico

Tikun Olam grow

PUERTO RICO: Tikun Olam will soon have a presence in Puerto Rico, according to a company press release. Through an exclusive licensing agreement with iaso Corporation,  a leading San Juan-based science and technology company, Tikun products and strains, including the widely researched high-CBD Avidekel, will be distributed s throughout the Commonwealth in 2019.  The arrangement with iaso is the tenth struck in the United Read the full article…

Sproutly Closes Acquisition of Infusion Biosciences Canada And SSM

Sproutly Closes Acquisition of Infusion Biosciences Canada and SSM

CANADA: Sproutly Canada has completed the acquisition of all of the issued and outstanding shares of Infusion Biosciences Canada, according to a company press release. “We are extremely excited to finalize this Acquisition, enabling Sproutly to commercialize the APP Technology in major regulated markets around the world with innovative cannabis products that target the $50+ billion Read the full article…

Aphria Secures $25 Million Loan From WFCU Credit Union

Marijuana is big business

CANADA: Aphria has secured $25 million in debt financing from WFCU Credit Union, according to a company press release. The five-year term loan bears interest at 4.68%, has a 15-year amortization and was entered into on July 27, 2018. This is the second round of debt-financing secured by the Company from WFCU, having previously secured a $25 million five-year Read the full article…

Molson Coors Canada and HEXO Announce Agreement to Create JV Focused On Cannabis-Infused Beverages

Molson Coors Canada and HEXO Announce Agreement to Create Joint Venture Focused on Non-Alcoholic, Cannabis-Infused Beverages for the Canadian Market

CANADA: Molson Coors Canada, the Canadian business unit of Molson Coors Brewing Company, and leading Canadian cannabis producer, The Hydropothecary Corporation (HEXO), are pleased to announce that they have entered into a definitive agreement to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization. The joint venture Read the full article…

Acreage Holdings Closes $119 Million Private Round – Largest In U.S. Cannabis History

Acreage Holdings closes largest round in US Cannabis history

Company Announces Completion of Roll-up and Plans for Public Listing on Canadian Securities Exchange for Q3 2018 NEW YORK: Acreage Holdings, one of the United States’ largest vertically integrated multi-state cannabis operators,  announced it has successfully closed its Series E funding round. The Company secured $119 million of capital and concurrently completed the rollup of control Read the full article…

Vape Co. CEO: Trump’s Trade War Will Stifle The Cannabis Industry

Tariffs won’t bring back jobs to America

The 25% increase in tariffs impact on vaping & cannabis NEW YORK:  Today, The Blinc Group’s Co-CEO,  Arnaud Dumas de Rauly,  is testifying at The Office of the U.S. Trade Representative (USTR) public hearings regarding proposed tariffs on approximately $16 billion worth of Chinese products. These proposed tariffs increases – including HTS No. 8543709930 and HTS Read the full article…

Medicine Man Technologies Inks Licensing Agreement With Canada House Wellness Group

Medicine Man Technologies Enters into an Exclusive Licensing Agreement for Future Canadian Based Deployment

COLORADO: Medicine Man Technologies has announced an exclusive licensing agreement with Canada House Wellness Group, through itswholly owned subsidiary Abba Medix Corp., for deployment of its intellectual property and product lines (Three a Light™, Success Nutrients™, General Intellectual Property) into the Canadian marketplace. The licensing agreement calls for an initial payment of $4.65M (CAD) in the form Read the full article…

FSD Pharma Announces Acquisition To Expand In Newfoundland

Strategic investment of $40 million to bring economic benefits to province of Newfoundland

CANADA: FSD Pharma announced a binding agreement to purchase 51% of Atlantic Island Cannabis (to be renamed FSD Atlantic Pharma Inc.) effective July 4, 2018. The agreement involves a strategic investment of $40 million to drive production and sales of legal cannabis in the province of Newfoundland. In the first phase of the project, an indoor high quality 45,000 Read the full article…