Leafly Hires Kirk Beardsley As Chief Operating Officer

WASHINGTON: Leafly, the world’s leading destination to help people discover, find and buy cannabis, today announced the hiring of Kirk Beardsley, an accomplished Fortune 500 retail executive, to the role of Chief Operating Officer. As COO, Beardsley will lead sales, marketing, and business innovation for Leafly.

“Kirk’s track record of helping some of the world’s leading brands build and scale multi-billion-dollar digital retail and marketplace businesses will help us fulfill our mission of becoming the destination for people interested in finding and buying legal cannabis,” said Leafly CEO Tim Leslie. “The legal cannabis market offers a substantial and growing opportunity, and Kirk has the experience to help us capitalize on our already strong momentum.”

Beardsley brings more than 20 years of experience dedicated to digitally infused commerce, most recently as Executive Vice President of Strategic Growth and Head of Trunkclub at Nordstrom. In his eight years at Nordstrom, he held key transformation roles including EVP of Marketing, EVP of Enterprise Technology and Innovation, and EVP of E-commerce and Online Merchandising. Prior to Nordstrom, he led global e-commerce at Microsoft Store and has held multiple leadership roles at Amazon.

“Over the course of my career I’ve had the privilege of leading all aspects of some of the world’s most influential consumer marketplaces,” Beardsley said. “I look forward to bringing those capabilities to Leafly to help more people get information and access to legal cannabis products that support their lifestyle.”

Leafly’s mission is to help people around the world discover, find and buy the best cannabis products for them. Consumers can use Leafly’s website and mobile app to learn about the right products for their lifestyle and wellness needs, find those products safely and efficiently, and buy them from licensed and regulated dispensaries or retail stores.

With more than 10 million monthly site visitors and more than 1.4 million user-generated strain, product and licensed dispensary reviews, Leafly has one of the largest and most engaged audiences in the cannabis industry.

 

Leafly Hires Veteran Product Executive Leslie Grandy As Chief Product Officer

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 leader with a track record of bringing world-class products to market,” said Leafly CEO Tim Leslie. “Her experience will help us continue to build and scale technology products that serve the needs of cannabis consumers, retailers and brands.”

Grandy has built breakthrough products for industry leaders such as Apple, T-Mobile, Best Buy and Discovery Communications. She also has provided product and innovation advisory services to Fortune 500 Companies including Starbucks, Oracle Utilities, and Red Robin Gourmet Burgers.

“I am excited to build upon Leafly’s position as the leading information source for cannabis during this expansive time for the industry globally,” Grandy said. “We have an enormous opportunity to extend our support for the industry with innovative products and services that can help them confidently and intelligently interact in this fast-moving market.”

Leafly’s mission is to help people around the world discover, find and buy the best cannabis products for them. Consumers can use Leafly’s website and mobile app to learn about the right products for their lifestyle and wellness needs, find those products safely and efficiently, and buy them from licensed and regulated dispensaries or retail stores.

With more than 10 million people visiting Leafly monthly and more than 1.4 million user-generated strain, product and dispensary reviews, Leafly has one of the largest and most engaged audiences in the cannabis industry.

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

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 and associated products market could be worth R27 billion by 2023, this immense potential has led to a boom in regional cannabis interest and investment.

CannaTech Cape Town will bring together industry leaders from across the African Continent and around the world known for their significant and ground-breaking contributions to the global medical and recreational cannabis market in all fields including Agricultural Tech and Innovation, Business and Finance, Policy and Regulation, Science and Medicine.

“The global interest in Africa’s cannabis market and South Africa’s recent legislative acceptance of cannabis makes Cape Town the perfect destination for CannaTech. Following South Africa, several African countries, including Swaziland, Malawi, and Zimbabwe, are examining legalizing cannabis cultivation for medical or industrial applications.  We are thrilled to bring some of the world’s leading companies and investors to CapeTown to meet with their counterparts to discuss a range of business and technological issues and work with like minded professionals who understand the immense global health and business potential of medical and recreational cannabis moving forward,” said Saul Kaye, Founder and CEO of iCAN:Israel-Cannabis. “As someone born in South Africa, I am especially looking forward to establishing ties throughout the entire continental cannabis eco-system,” he added.

Weedmaps Appoints New Chief Executive Officer

Doug Francis steps aside as CEO to serve as Chairman;
President Chris Beals to Assume Role as CEO

CALIFORNIA: Weedmaps today announced that the Company’s Board of Directors has appointed Chris Beals as Chief Executive Officer, effective March 6, 2019. In addition to assuming day-to-day leadership of Weedmaps, Beals will serve as a member of the Company’s Board. Since joining the Company in August 2015, Beals has served as Weedmaps’ President and General Counsel and has led the growth of the Company’s government relations, finance and compliance functions. Weedmaps announced that co-founder and previous CEO, Doug Francis, has been appointed Chairman of the Company’s Board of Directors.

“Ten years ago, my co-founder Justin Hartfield and I set out to bootstrap a marijuana technology company that not only aimed to be commercially successful, but also endeavored to promote freedom through the repeal of marijuana prohibition. We have built a special company and left a positive mark on society. To my Weedmaps family, it has been an honor to lead you through these changing times,” said Francis.

“We have exceeded our dream goals, and it is time for the next chapter,” Francis continued. “Chris has spent the last four years immersed in our industry and culture. He developed a dichotomy that gives us an advantage; an enterprise executive that knows the complex tribal knowledge and history of the weed business. Chris is a visionary and has already done an incredible job navigating the regulatory and growth challenges of a nascent and nebulous cannabis landscape. The Board and I are quite confident in his ability to lead the Company forward.”

“I am incredibly excited to assume this new role and for the future of the Company,” said Beals. “We have an exceptionally talented team at Weedmaps, that is focused on scaling our technology and data platform to provide interconnected solutions for the entire cannabis business and consumer spectrum. Our position as a leading technology company servicing the cannabis industry combined with our amazing leadership team puts us in an incredible position to succeed. In addition, building upon the original vision of Doug and Justin, Weedmaps continues to expand its role as a leading voice for cannabis legalization and decriminalization across the country.”

Aside from Board duties at Weedmaps, Francis will be focusing his time on legalization efforts with the Company as well as advising and managing other cannabis brands around the world.

Aphria And UNOapp To Partner On Technology And Analytics Solutions For The Adult-Use Cannabis Industry

CANADA: Aphria recently entered into an exclusive agreement with Toronto-based UNOapp to collaborate on the development of technology and analytics solutions for Canada’s adult-use cannabis industry.  

aphria logo“With our innovation-focused approach, Aphria is setting the pace for the evolution of the adult-use cannabis industry in Canada,” said Jakob Ripshtein, President of Aphria. “Our industry’s long-term future will be driven by consumer-centric, innovation-led product, brand and technology solutions. We are excited for this collaboration with a fantastic technology partner in UNOapp and look forward to developing industry-leading solutions that shape the adult-use cannabis market for years to come.”

Founded in 2010, UNOapp has developed proven technology, marketing and analytical solutions that has enabled more than 4,500 customers across the globe to engage with their customers and drive revenue.

“This is a great opportunity for UNOapp to apply its proven technology driven solutions to the Cannabis industry. Helping brands connect, educate and engage consumers seamlessly through one platform in retail, is at the core of what we do.” said Olivier Centner, Founder of UNOapp. “We’re thrilled to be partnered with Aphria. Their team’s expertise, innovative thinking, and global reach give us a tremendous opportunity to evolve our platform to meet the unique needs of the burgeoning adult-use market in Canada and scale quickly to other markets internationally.”

As part of the Agreement, UNOapp has granted Aphria a first option to commercialize any platform or solution developed from this collaboration in any international market outside Canada.

Alternative Health Secures $20 Million In Debt Financing For Expansion Of California Cannabis Operations

TEXAS: Alternate Health Corp., an international leader in technology solutions for the regulated cannabis industry, announced that the Company has signed a binding letter of intent with Agincourt Ventures, LLC to secure funding of $20 million, structured as a debt finance and limited stock purchase agreement, with the option to increase the total financing in the future with an additional note.
“This agreement solidifies our financial position as we aggressively expand into California’s lucrative adult-use cannabis industry,” says Dr. Michael Murphy, Chairman and CEO of Alternate Health. “We are eager to move forward, equipped with the financial power to secure inventory from cultivators, acquire revenue-producing assets and expand our licensed distribution and extraction facilities.”Capturing the California Market

On October 17, 2018, Alternate Health announced that the Company had obtained permits for cannabis manufacturing, distribution, cultivation, and processing, and leased a 14,800 square foot facility in Humboldt County, California. With stricter state regulation coming into effect in January 2019, Alternate Health sees a unique opportunity to acquire assets, inventory and significant market share from “grey market” businesses that do not hold valid California licenses.

With the initial $20 million, Alternate Health plans to ramp up operations at the Humboldt County facility and begin developing its signature Humboldt Ave. Cannabis artisan brand. In addition, the Company will produce manufactured products, including cannabis concentrates and infused edibles for wholesale and retail delivery. Distribution will target Greater Los Angeles and rapidly expand across the state. Alternate Health is currently in the process of retaining highly experienced industry professionals to lead distribution and manufacturing operations with state-of-the-art supply chain and inventory management solutions.

Alternate Health already has established relationships with a significant number of top cannabis cultivators in the Humboldt County region and expects to secure exclusive deals for up to 50,000 pounds of cannabis flower with an estimated retail value of approximately $160 million.* The Company will also leverage its relationships with dispensary locations in Los Angeles County to establish strong retail distribution channels in the most dynamic cannabis market in the world.

*Based on estimates from the California Growers Association’s report, Cumulative Tax Analysis, published in March 2018.

“The California adult-use cannabis industry is at a turning point as the state seeks to legitimize the industry and limit black market and grey market sales,” says Dr. Murphy. “With $20 million in initial funding and the opportunity to access additional capital, this agreement strategically positions Alternate Health to capture market share in the cannabis distribution and manufacturing sectors while continuing to develop additional business verticals.”

Terms of the Agreement
Under the agreement, Agincourt Ventures, LLC  will loan Alternate Health $19,600,000USD in two tranches of $9,600,000 on or prior to November 30, 2018 and $10,000,000 on or prior to December 20, 2018. Interest on the loan will accrue at a rate of 5.102% per annum and a maturity date of 12-months from the date of the closing.

Agincourt Ventures, LLC will also purchase one million (1,000,000) shares of Alternate Health Corp common stock at a purchase price of $0.40 per share, for an aggregate purchase price of $400,000USD as part of the agreement.

MainStem Expands Network Of Integrated Cannabis Software Partners

WASHINGTON: MainStem has announced signed affiliate agreements with Flourish and Weedtraqr, two leading technology providers of enterprise supply chain and inventory management systems. These seed-to-sale platforms serve cultivators, manufacturers, processors, wholesalers, distributors, and retailers in the regulated legal cannabis industry.

MainStem“We are excited to bring a value-add service into our technology suite,” said Colton Griffin, CEO of Flourish Software. “We love the idea of giving our clients more features and benefits from with inside of our technology platform. Flourish already controls the purchasing and inventory management of non-cannabis inventory. It makes perfect sense that we would partner with MainStem to streamline the purchasing process and procurement needs for all non-cannabis products for our clients.”

MainStem’s proprietary technology brings product manufacturers and suppliers to cannabis businesses with their MainStem Affiliate (MAP) and MainStem Vendor (MVP) programs. The Marketplace features MainStem’s product catalog of over 10,000 ancillary products such as product packaging, retail accessories, grow supplies, and traceability equipment from a wide selection of leading industry suppliers. Access to the Marketplace is included in the software at no additional cost to customers. Users can manage payment processing, order fulfillment, order status, all directly supported and operated by MainStem’s dedicated customer service team. Marketplace customers not only experience a one-stop shopping convenience but can also compare pricing and manage orders from multiple suppliers in a single purchasing platform.

“In the cannabis industry, seed-to-sale applications are the technological backbone that helps these businesses thrive. MainStem brings value and convenience to end users with resources they need to help run their businesses. For that reason, we vet our potential software partners to make sure the MainStem Marketplace will be valuable to the people using it,” said Liam Sweeney, MainStem Director of Business Development.

Eaze Announces New Program To Provide U.S. Veterans With 25% Discount

CALIFORNIA: Eaze, the on-demand cannabis marketplace, today announced the launch of a new program to expand access to cannabis for U.S. veterans. Beginning this Veterans Day (Sunday, November 11), veterans will receive a 25% discount on products purchased through Eaze. The discount reflects Eaze’s commitment to helping veterans safely access sustainable, affordable relief from PTSD, physical disabilities, chronic pain, and other combat-related conditions.

eaze

Through its Social Impact program, Eaze advocates for access to those who rely on cannabis and can’t afford it in many cases. Eaze has worked with veterans’ organizations, including Operation EVAC, over the last year to better understand the barriers preventing veterans from accessing cannabis, which is being studied as a treatment for PTSD. Affordability has remained a persistent issue.

“Helping patients is a cornerstone of Eaze’s mission,” said Jim Patterson, CEO of Eaze. “As an Air Force veteran, I’ve watched friends and colleagues struggle with war injuries and trauma. I strongly believe we should give vets and doctors as many options as possible to help them live their best lives.”

“Veteran’s day is an annual opportunity to salute and celebrate the defenders of our Homeland while properly welcoming them home,” said Ryan Miller, Founder of Operation EVAC. “Educating veterans about the benefits of cannabis and providing support groups has been an ongoing mission of ours. Partnering with Eaze has been a blessing to our community to provide safe, legal channels of access for them.”

To receive the Eaze discount, veterans must email proof of their veteran status to veterans@eaze.com. Once approved, the discount is automatic. For verification, veterans must email front AND back photos of one of the following: Veterans Identification Card (VIC), Veterans Health Identification Card (VHIC), State-Issued Driver’s License or ID card with Veteran Designation, Uniformed Services ID Card, or Common Access Card (CAC). Veterans who want to learn more about the U.S. Department of Veterans’ Affairs policy on cannabis can visit https://www.publichealth.va.gov/marijuana.asp.

Alternative Health Inks Multi-State Lab Deal

TEXAS: Alternate Health Corp., an international leader in software solutions for the medical cannabis industry, announced today that the Company signed a binding contract on August 6, 2018, to provide laboratory services for a large multi-state laboratory provider. 
 
Alternate Health expects to begin testing samples in August and is targeting a ramp up to a monthly sample rate of 25,000 – 30,000 by December 2018. August is forecasted to begin with approximately 5,000 to 6,000 samples monthly with an increase of 5,000 to 6,000 additional samples per month. The assumptions on sample volumes, both to start in August and the December projections, were made after carefully reviewing the current needs and future growth projected by the referring entity.
 
Regional fees per sample run between US$50.00 to US$250.00, with averages falling into the US$130 to US$150 range. Costs and expenses associated with performing the tests certainly vary with volume, with Alternate Health’s historical numbers falling between US$35.00 to US$70.00 per sample.
 
“This is a major step forward for the Company and Alternate Health Labs,” says Dr. Michael Murphy, Chairman and CEO of Alternate Health. “This deal represents the culmination of all the hard work and dedication we have put into our laboratory strategy.”
 
In late 2017 through 2018, the Company completed a program of upgrades at Alternate Health Lab’s San Antonio facility. As a result, Alternate Health Labs now has the capacity to run blood, toxicology, allergy, pharmacogenetics, respiratory pathogen panels and women’s health panels. 
 
“With this agreement, Alternate Health will benefit from the investments we have made in our laboratory business,” says Dr. Murphy. “We are excited to build a stable financial foundation to move forward with our mission to be the technology leader in the international cannabis industry.”
 

Washington Licensees Target Of Phishing Scam: WSLCB

WASHINGTON: The Washington State Liquor and Cannabis Board (WSLCB), the regulatory agency overseeing the state’s licensed cannabis program, issued a warning to this morning that it’s seed-to-sale tracking system had been hacked.

In an email entitled, “Potential Phishing Email Directed at Licensees” the WSLCB alerts licensees about a phony email containing malware:

“The fake email appears to be from MJ Freeway with the subject listed as ‘MJ Freeway Data Request.’  The message is not from a domain owned by MJ Freeway nor connected with MJ Freeway in any way.  It could be a phishing scheme (meant to grab data from you or download a virus into your computer).  Please delete the email without clicking any of the links.”

Potential Phishing Email Directed at Licensees

Potential Phishing Email Directed at Licensees