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TuesdaySep 13, 2022 1:00 pm

CannabisNewsBreaks – REZYFi Inc. Engages IBN for Corporate Communications Expertise

REZYFi, a cannabis-focused mortgage origination and specialized financing company, has selected the corporate communications expertise of IBN, a multifaceted financial news and publishing company for private and public entities. As part of the client partner relationship, IBN will leverage its investor based distribution network of 5,000+ key syndication outlets, various newsletters, social media channels, wire services via InvestorWire, blogs and other outreach tools to build greater awareness for REZYFi. “REZYFi is taking charge as one of first cannabis mortgage bankers in the U.S., while most traditional lenders are still hesitant to serve the unique and evolving needs of the state-licensed…

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TuesdaySep 13, 2022 12:42 pm

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Recognized for Strategic M&A Objectives at Benzinga Cannabis Capital Conference

Flora (NASDAQ: FLGC) is a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands. The company today announced its receipt of the Best M&A Deal award at Benzinga’s 2022 Cannabis Capital Conference in Chicago. “We are honored to receive the award for Best M&A Deal at the Benzinga Cannabis Capital Conference, which recognizes our strategic M&A objectives including acquiring products, expertise, expanding distribution, and customers,” said Luis Merchan, chairman and CEO of Flora. To view the full press release, visit https://cnw.fm/Rcquq About Flora Growth Corp. Flora is building a connected, design-led collective of plant-based wellness and lifestyle…

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MondaySep 12, 2022 2:12 pm

CannabisNewsBreaks – Why REZYFi Inc. Is ‘One to Watch’

REZYFi, a cannabis mortgage bank, is positioned as one of the first cannabis mortgage bankers in the U.S., while most traditional lenders are still reticent to serve the state-licensed cannabis industry. Led by a management team with more than 40 years’ experience in the mortgage and lending industry and leveraging other corporate strengths such as a network of independent brokers and proprietary technology, REZYFi services the needs of both traditional and non-traditional consumers and businesses. “Headquartered in Miami, Florida, REZYFi operates through two wholly owned subsidiaries – REZYFi Lending, which primarily addresses emerging real estate-related financing opportunities, and ResMac Inc.,…

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MondaySep 12, 2022 1:25 pm

CannabisNewsBreaks – Bright Green Corporation (NASDAQ: BGXX) Announces Pricing of $10M Private Placement

Bright Green (NASDAQ: BGXX) is one of the few companies selected by the U.S. government to grow, manufacture and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export. The company recently announced its entry into a securities purchase agreement with institutional investors to purchase 9,523,810 shares of common stock and warrants to purchase 9,523,810 shares of common stock, at a purchase price of $1.05 per share and accompanying warrant. The company expects approximately $10.0 million in gross proceeds from the offering, which, subject to the satisfaction of certain customary conditions, is…

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MondaySep 12, 2022 12:31 pm

CannabisNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Enters into $6M Securities Purchase Agreement

InMed Pharmaceuticals (NASDAQ: INM), a leader in the research, development and manufacturing of rare cannabinoids, has announced a private placement agreement with two healthcare-focused institutional investors. The agreement calls for the issuance and sale of 691,245 of INM common shares; the shares will be sold at a purchase price of $8.68 per share in a private placement priced according to Nasdaq guidelines. According to the announcement, InMed will also issue unregistered preferred investment options that will allow investors in the offering to purchase more than 1.3 million common shares. The company noted that it anticipates gross proceeds from the placement,…

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FridaySep 09, 2022 10:13 am

CannabisNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Releases Update on Company Objectives and Programs

InMed Pharmaceuticals (NASDAQ: INM), a leader in the research, development and manufacturing of rare cannabinoids and cannabinoid analogs, is reporting an update on the company’s research/development and commercial activities. According to the update, the company is working to complete enrollment in a phase 2 clinical program in epidermolysis bullosa (‘EB’) by the end of 2023, to advance its R&D efforts on a preclinical drug candidate in ocular disease and to investigate the potential of proprietary cannabinoid analogs in targeting specific diseases. The update included an observation that market demand for INM’s BayMedica naturally occurring cannabinoids is not progressing as anticipated,…

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WednesdaySep 07, 2022 11:35 am

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Subsidiary Announces Acquisition of Emerging Hemp Flower Market Brand

Flora Growth (NASDAQ: FLGC), an all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, announced that its wholly owned subsidiary, Just Brands LLC, has acquired substantially all of the assets related to the No Cap Hemp Co. brand. The company anticipates that the acquisition of this emerging brand in the hemp flower market will diversify its brand portfolio and product offerings as well as create an opportunity to expand Flora’s distribution foothold in the United States by providing a unique collection of products with strong revenue growth potential. According to the announcement, the acquisition will offer Flora an…

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TuesdaySep 06, 2022 1:28 pm

CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) Collaborates to Provide Healthy Food for Hungry Americans

Advanced Container Technologies (OTC: ACTX) today announced that it has partnered with the Clean Food Initiative and Produce Now to provide fresh, healthy food to disadvantaged youth. According to the update, ACTX will allocate space in one or more of its GrowPods to grow leafy greens, which will be donated to the Clean Food Initiative for distribution to various hunger-related charities. Workers from Produce Now will grow, package and distribute the food. The Food Research and Action Center indicates that over 38 million Americans live in households that struggle with food insecurity or lack of access to an affordable, nutritious…

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FridaySep 02, 2022 11:02 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Appoints New Board Member

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug-delivery platforms, has announced an addition to its board of directors; the company named industry veteran Catherine Turkel, PharmD, PhD, as the newest member of its board. Turkel brings more than two decades of experience as an executive-level leader in both start-up and mid-size pharma/biotech companies. As founder and CEO of Nezee Therapeutics, she gained critical expertise and insight in the space; she also served as president and head of research and development Novus Therapeutics, which was later renamed Eledon Pharmaceuticals Inc. (NASDAQ: ELDN). Currently she serves as an independent board director…

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WednesdayAug 31, 2022 2:30 pm

CannabisNewsBreaks – AROYA Expands Cutting-Edge Platform to Add Automated Irrigation Control

AROYA, a METER Group company, today unveiled Automated Irrigation Control as the latest crop steering enhancement to its industry leading AROYA Cannabis Production Platform. Crop steering technology enables operators of all sizes to bring out the best features of each cultivar. “Many craft farmers remain committed to their tried-and-true manual methods, like physically pouring run-off into milliliter cups, taking notes and running tests by hand,” said AROYA CEO Scott Campbell. “And to their credit, these purists are having success. However, for the independent purists, failing to embrace cultivation and production technology will be their demise. In addition to competition from…

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