MedMen Increases Term Loan Facility to C$100 Million

medmen

CALIFORNIA: MedMen Enterprises announced today that it has closed an additional tranche of its previously announced senior secured term loan with funds managed by Hankey Capital and an affiliate of Stable Road Capital. Pursuant to the terms of the Facility, the principal amount of the loan has been increased by C$5,661,920 to C$99,952,190. The principal amount under Read the full article…

MedMen Acquires Illinois Dispensary Seven Point; Continues US Expansion

Seven Point Oak Park, IL

CALIFORNIA:  MedMen Enterprises announced that it has signed a definitive agreement to acquire Seven Point, a licensed medical cannabis dispensary located in the historic Chicago suburb of Oak Park, Illinois. Illinois is one of the fastest growing medical marijuana markets in the country. Since the beginning of the year the number of qualifying patients increased 41 percent Read the full article…

MedMen Acquires Monarch Wellness; Expands Reach Into Arizona Medical Marijuana Market

MedMen Acquires Monarch Wellness

CALIFORNIA: MedMen Enterprises  announced that it has signed a definitive agreement with WhiteStar Solutions to acquire control of Monarch, a Scottsdale, Arizona-based licensed medical cannabis license holder with dispensary, cultivation and processing operations through the acquisition of Omaha Management Services, LLC. In addition, MedMen will acquire from WhiteStar their exclusive co-manufacturing and licensing agreements with Kiva, Mirth Read the full article…

NutraRisk Expands Cannabis Program For Recreational And Medicinal Operations

insurance man

CALIFORNIA: NutraRisk, a division of Worldwide Facilities, announces that it is expanding its offering to include an exclusive cannabis program, providing General and Product Liability for medicinal and recreational operations. NutraRisk can also place risks, in the eight states where recreational cannabis is legal, in another new and expanded Recreational Cannabis Program. In addition to Read the full article…

Mentor Capital Adds Three Cannabis Investments in Two Months

G Farma, Solis Tek, and GB Sciences Increase Mentor’s Marijuana Holdings

CALIFORNIA: Mentor Capital announced that its investment in G FarmaLabs Limited has increased to $2,700,000 following yesterday’s seventh investment tranche delivered to G Farma of $250,000 from Mentor for additional leased equipment and working capital. In addition to receiving consulting fees, repayment, interest, and lease payments, Mentor has captured a $1 option for a 3.75% equity Read the full article…

Cannabis Refinery Leasing And High End Multi Processing Announce Multi-Year, $21M Industrial Hemp Processing Agreement In Upstate New York

hemp

CALIFORNIA: Cannabis Refinery Leasing and High End Multi Processing (H.E.M.P.) today announced an up to $21M, multi-year agreement to build New York State’s largest industrial hemp refinery. Cannabis Refinery Leasing, Inc. (CRL), in partnership with Applied Extracts, Inc., will supply its proprietary refinery scale supercritical CO2 extraction and fractional distillation technology to H.E.M.P., a newly licensed industrial Read the full article…

Study: Cannabis Lozenge Associated With Reduced Opioid Use

Trokie Lozenge

CALIFORNIA: Patients who consume plant-derived cannabis extracts in the form of an oral lozenge report reductions in chronic pain and opioid use, according to clinical data published in the journal Frontiers in Neuroscience. Investigators from the United States, the Netherlands, and Spain assessed the safety and efficacy of the Trokie brand lozenge in a cohort of medical cannabis patients Read the full article…

MJIC Acquires Puff Pack

The Puff Pack

CALIFORNIA:  MJIC,  a leading provider of fully-licensed cannabis wholesale distribution, retail, compliance and supply chain solutions in California, has announced the acquisition of Puff Pack, an online, on-demand subscription service. Puff Pack, currently based in Los Angeles, boasts a global clientele, with as many as 3,000 subscribers receiving monthly curated packages with the latest ancillary products. Read the full article…

Headset Insights Launches In California

Headset turns on California

CALIFORNIA: Headset is proud to announce the latest launch of its market intelligence product Headset Insights, for California’s legal cannabis industry, expanding its cannabis intelligence coverage to the largest cannabis economy in the US. Headset Insights is a tool for businesses that delivers market trends based on aggregated sales data collected from retailers and dispensaries in real-time, Read the full article…

California: Teen Marijuana Use Declines Post-Legalization

Teen use in California is down after legalization

CALIFORNIA: Marijuana use by adolescents continues to decline in California, according to statewide data provided by the California Healthy Kids Survey, a biennial survey funded by the Departments of Health and Education. Among 7th graders, 4.2 percent reported ever having used cannabis during the years 2015 to 2017, as compared to 7.9 percent during the years 2013 to 2015 Read the full article…