Leafly Hires Veteran Product Executive Leslie Grandy As Chief Product Officer

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WASHINGTON: Leafly, the world’s leading destination to help people discover, find and buy cannabis, today announced the hiring of Leslie Grandy, a veteran product executive experienced in global markets, to the role of Chief Product Officer. As CPO, Grandy will lead product development for Leafly’s array of consumer and business products. “Leslie is a seasoned technology Read the full article…

Global Cannabis Business Leaders, Scientists, Technologists & Thought Leaders Gather For CannaTech Cape Town, South Africa, November 24 – 26, 2019

CannaTech Cape Town

ISRAEL: As the global medical cannabis market continues to expand and increasing numbers of countries around the globe legalize its use, the renowned CannaTech Summit will take place for the first time on the African Continent in Cape Town, South Africa, November 24 – 26 at The Lookout, V&A Waterfront. With estimates that the cannabis Read the full article…

Harvest Health & Recreation To Acquire Verano, Creating One Of The Largest U.S. Multi-State Cannabis Operators

Harvest Health

ILLINOIS: Harvest Health & Recreation, a vertically integrated cannabis company with one of the largest footprints in the U.S., is pleased to announce that it has entered into a binding agreement to acquire Verano Holdings, an arm’s length third party, one of the largest privately held multi-state, vertically integrated licensed operators of cannabis facilities, in an all-stock transaction Read the full article…

Altria Becomes Largest Shareholder in Cronos Group, A Leading Global Cannabinoid Company

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VIRGINIA: Altria announced the completion of its approximately USD $1.8 billion (CAD $2.4 billion) investment in Cronos Group, a leading global cannabinoid company, following receipt of shareholder and Canadian regulatory approvals. Altria’s investment represents an approximate 45% economic and voting interest in Cronos Group with a warrant to acquire additional ownership at a price of CAD $19.00 Read the full article…

Acreage Announces Listing On The Frankfurt Stock Exchange

Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange

NEW YORK: Acreage Holdings announced that its subordinate voting shares have been listed on the open market of the Frankfurt Stock Exchange under the symbol “0VZ.” The Company’s subordinate voting shares continue to be listed on the Canadian Securities Exchange under the symbol “ACRG.U” and on the OTC under the symbol “ACRGF.”

Aphria’s Board of Directors Rejects Green Growth Brand’s Hostile Takeover Bid As Significantly Undervalued And Inadequate

Marijuana is big business

CANADA: Aphria announced that its Board of Directors has rejected the hostile bid by Green Growth Brands to acquire all of the outstanding common shares of the Company including any Common Shares that may become issued and outstanding after January 22, 2019, but prior to the expiry of the hostile bid upon the exercise, conversion or exchange of options, warrants, Read the full article…

MedMen Signs Definitive Agreement For The Acquisition Of PharmaCann

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CALIFORNIA: MedMen Enterprises and Chicago-based PharmaCann announce that they have entered into a definitive business combination agreement pursuant to which MedMen and PharmaCann will combine their respective businesses. Under the Business Combination Agreement, a newly formed holding company (“New MedMen”) will acquire (a) all of the securities of PharmaCann in exchange for subordinate voting shares of New Read the full article…

Cresco Labs Continues Illinois Expansion With Acquisition Of Two Dispensaries

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ILLINOIS: Cresco Labs, one of the largest vertically integrated multi-state cannabis operators in the United States, today announced that it has signed dual definitive agreements to acquire licensed Illinois medical cannabis dispensaries MedMar Rockford and MedMar Lakeview, located in the popular Wrigleyville neighborhood of Chicago. These will be Cresco Labs’ fourth and fifth dispensary acquisitions, respectively, Read the full article…

MedMen Expands Its Presence in Arizona

Level Up Scottsdale

Acquisition of Vertically-Integrated Operator Adds to MedMen’s Growing Footprint in One of the Top Medical Marijuana Markets in the U.S. CALIFORNIA: MedMen Enterprises has announced that it has signed a definitive agreement to acquire control of Kannaboost Technology Inc. and CSI Solutions LLC, collectively referred to as “Level Up,” in a cash and stock transaction valued at $33,000,000. Read the full article…

MedMen Doubles Market Reach With Acquisition Of PharmaCann

PharmaCann

CALIFORNIA: MedMen Enterprises Inc. and Chicago-based PharmaCann have signed a binding letter of intent for MedMen to acquire PharmaCann in an all-stock transaction valued at $682 million. The resulting pro-forma company (including pending acquisitions by MedMen) will have a portfolio of cannabis licenses in 12 states that will permit the combined company to operate 79 cannabis Read the full article…