Aphria Responds To Unsolicited Proposal By Green Growth Brands

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CANADA: Aphria responds to the unsolicited proposal by Xanthic Biopharma d.b.a. Green Growth Brands to acquire all of the Company’s outstanding common shares in an all-stock transaction. Based on the 20-day volume weighted average price of GGB shares and the expressed exchange ratio of 1.5714 common shares of GGB for each Aphria share, the proposed bid would be Read the full article…

Canada’s Largest Cannabis Producer Brings Down CBD Oil Costs By 96.34%

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CANADA: Flying under the radar for the past few months, Instadose Pharma is ready to hit the market with 2 million liters of CBD oil in 2019. InstaDose Pharma has over 200,000 farmers harvesting cannabis out of the Democratic Republic of the Congo on over 100,000 hectares of land. The main production facility is GMP certified and Read the full article…

Level Brands Closes Acquisition Of cbdMD

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Purchase Price Sets Revenue Targets At $300 Million Within Five Years NORTH CAROLINA: Level Brands announced today that it has closed its acquisition of Cure Based Development, the owner of the nationally recognized consumer brand cbdMD in an all-stock transaction. cbdMD is a consumer products brand offering a large selection of cbdMD branded CBD products Read the full article…

Benzinga’s 2nd Annual Cannabis Capital Conference to Draw Key Players in the Burgeoning Industry

Eden Roc Miami

FLORIDA: North America’s leading cannabis entrepreneurs and investors will flock to beautiful Miami, Florida, Jan. 15-16, 2019, for the second annual Cannabis Capital Conference, hosted by premier financial media outlet Benzinga. This highly-anticipated event sets the standard among cannabis conferences, offering unparalleled access and seamless interaction between the entrepreneurs who are establishing highly promising companies and Read the full article…

Harborside Strikes Back, Wins Big In Tax Court

money and the law

U.S. Tax Court Declines to Issue Penalties in Harborside 280E Case, Saving Industry Tens of Millions CALIFORNIA: In a historic landmark decision that will save Harborside and the legal cannabis industry millions of dollars, the U.S. Tax Court has ruled that the California dispensary is not liable for accuracy-related 280E penalties. 280E is a tax code provision Read the full article…

iCAN: Israel Cannabis CEO: “Cannabis to Become as Important to Israel’s Economy as High-Tech”

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ISRAEL: In a long-awaited move, the Knesset, Israel’s Parliament, has finally approved the export of medical cannabis allowing Israel to fully participate in the exploding cannabis industry world-wide. Saul Kaye, CEO of iCAN: Israel-Cannabis issued the following statement: “This is a long overdue but welcome development.  iCAN has been diligently working together with Israeli regulators to further the growth of the cannabis industry 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…

FSD Pharma Announces Strategic Investment In Toronto’s Huge Shops

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FSD Pharma Announces Strategic Investment in Huge Shops CANADA: FSD Pharma has completed a strategic investment of $1.3 million or just under 9.9% in Huge Shops, a Toronto-based cannabis retailer. Huge Shops has a strategic alliance with Chairman’s Brands, parent company of Coffee Time, a well-established operator of retail coffee shops with more than 75 locations in 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…

AB InBev And Tilray Announce Research Partnership Focused On Non-Alcohol THC And CBD Beverages

Tilray AB InBev

New Partnership to Focus on Research that will Guide Responsible Innovation CANADA: AB InBev, the world’s leading brewer, and Tilray, a global pioneer in cannabis production and distribution, announced a partnership to research non-alcohol beverages containing tetrahydrocannabinol (THC) and cannabidiol (CBD). The partnership is limited to Canada and decisions regarding the commercialization of the beverages will Read the full article…