Uncategorized Archives - Page 57 of 251

FridayDec 03, 2021 9:00 am

Flora Growth Corp. (NASDAQ: FLGC) Enters Cannabis Beverages Market, Extends Portfolio of Luxury Products with Tonino Lamborghini Licensing Agreement

Flora Growth recently entered into a licensing agreement to produce and distribute Tonino Lamborghini-branded cannabis beverages across North America and Colombia, with an initial focus on the U.S. market The company will produce the product line using molecular tagging and authentication technology that will guarantee product verification and allay concerns of counterfeit products Through the licensing agreement, Flora has entered into the cannabis beverages market amid increasing demand for CBD-based products The recent agreement follows a November 15 announcement that FLGC had completed the acquisition of Vessel Brand Inc., an industry leader in luxury cannabis consumer technology Internationally focused cannabis…

FridayDec 03, 2021 4:20 am

420 with CNW — Regulatory Environment Shifts as Demand for CBD Increases

The 2018 farm bill was historic. The legislation legalized the cultivation and sale of industrial hemp and its derivatives, ending decades of prohibition and launching an insanely lucrative industry. Cannabidiol (“CBD”), one of the many chemical compounds produced by the hemp plant, swiftly gained immense mainstream popularity thanks to anecdotal claims of its health benefits. As initial studies found that cannabidiol had potent medical properties, the demand for CBD surged even more, and plenty of sellers jumped into the CBD market to cash in on the demand. However, authorities still haven’t crafted a comprehensive regulatory structure for the nascent CBD…

ThursdayDec 02, 2021 4:20 pm

420 with CNW — More Senators See Defense Bill as Avenue to Enact Cannabis Banking Reform

Senators from the state of Colorado are calling for cannabis banking reforms to be included in soon-to-be-enacted defense legislation. The senators — Michael Bennet and John Hickenlooper — wrote a letter in which they argued that the banking act’s language needed to be adopted in the final bill to be advanced to the president’s desk. This comes after members of the Senate Armed Services Committee also penned a letter asking lawmakers to include the Secure and Fair Enforcement (“SAFE”) Banking Act in the National Defense Authorization Act. The letter from the Colorado senators, which was sent to Senate committee leadership, stated that…

ThursdayDec 02, 2021 9:00 am

Cannabis Strategic Ventures Inc. (NUGS) Moving Forward to Achieve Vision of Being Top-Tier, Farm-to-Door, Premium Cannabis Company

NUGS “wasting no time” in deploying assets to launch one of California’s top vertical cannabis models Company plans to deploy another new license for establishment of indoor cultivation facility Four licenses provide regulatory backing for a series of major next steps critical to NUGS’ strategy An emerging leader in the U.S. cannabis marketplace, Cannabis Strategic Ventures (OTC: NUGS) is taking key steps forward in its strategic plan to implement a farm-to-sale model (https://cnw.fm/KCY3A). The company is beginning to deploy its newly acquired licenses, including the opening of its first Los-Angeles-based, customer-facing MDRN (Modern) Tree cannabis dispensary. “After securing key licensing,…

ThursdayDec 02, 2021 9:00 am

Marijuana Company of America Inc. (MCOA) Leverages Strategic Partnerships to Facilitate Growth Within the Industry

The global cannabis market was valued at $22.10 billion and is expected to grow at a CAGR of 13.9% by 2026. The growing trend was reflected by Green Wednesday sales MCOA has expanded its interests into Latin America and has strategic partnerships in place, as well as wholly-owned subsidiaries in its portfolio Leadership team has set high standards for the company and plans to leverage the strategic partnerships it has accumulated as a means of facilitating growth for the company within the industry The cannabis industry just celebrated its second-largest holiday of the year – Green Wednesday, the industry’s very…

WednesdayDec 01, 2021 9:30 am

Experience the Industry’s Most Influential Event at NCIA’s Cannabis Business Summit & Expo

Date: December 15–17, 2021 Venue: Moscone Center, San Francisco, California NCIA’s 7th Annual Cannabis Business Summit & Expo will be held in the Moscone Center in San Francisco, California, on December 15–17, 2021. Presented by the National Cannabis Industry Association (“NCIA”), the only national trade association advancing the interests of the responsible cannabis industry, #CannaBizSummit is the industry's most influential national B2B trade exhibition and the only event that brings together a lineup of unique education, exhibitors, and experiences all under one roof. Joining a prestigious lineup of more than 125 industry presenters in over 80 educational sessions, the event’s…

WednesdayDec 01, 2021 9:00 am

Flora Growth Corp. (NASDAQ: FLGC) Expands its Line of Lifestyle Brands Following Vessel’s Merger into a Wholly-Owned Subsidiary

Flora Growth has followed through with its definitive agreement to acquire 100% of Vessel’s equity interests This acquisition opens Flora up to the North American market, in addition to expanding its brand portfolio, with a proven operator that has achieved trailing 12-months revenue of $6.6 million and year-over-year growth of 90% It also serves to strengthen Flora’s management with the addition of Vessel’s leadership onto the team This latest acquisition lines up with Flora’s mission to build a connected, design-led collective of plant-based wellness and lifestyle brands that offer customers an unrivaled experience Flora Growth (NASDAQ: FLGC) has, since its…

WednesdayDec 01, 2021 9:00 am

Cannabis Strategic Ventures Inc. (NUGS) Launches LA-Based Cannabis Dispensary in Number-One Market

MDRN (Modern) Tree is key piece of company’s vision to build a full farm-to-sale vertical model NUGS plans to grow MDRN Tree brand, develop model that gives cultivation business wider distribution at potentially higher margins The MDRN Tree location is opening in top cannabis market in the world Cannabis Strategic Ventures (OTC: NUGS) has announced the grand opening of its first Los-Angeles-based, customer-facing MDRN (Modern) Tree cannabis dispensary (https://cnw.fm/qOyRW). The company started recording sales from the dispensary this month. Last month, NUGS took full operational control of the downtown Los Angeles MDRN Tree cannabis product dispensary, the company’s first in-house, end-market,…

TuesdayNov 30, 2021 9:30 am

Marijuana Company of America Inc. (MCOA) Reports Highest Quarterly Revenue Yet in Q3 2021 on the Back of New Acquisition, Expects Another Record-Breaking Quarter in Q4 2021

MCOA’s Q3 2021 revenue increased 731% year on year from $53,195 in Q3 2020 to $442,178 in Q3 2021 The company attributed this growth to its recent acquisition of cDistro, one of the fastest-growing distributors in North America cDistro’s acquisition is part of a strategic shift as the company looks to expand into new areas within the cannabis industry MCOA expects another record-breaking quarter in Q4 2021 as it anticipates reporting a full quarter of revenue from VBF Brands Inc., its newly acquired cultivation facility in Salinas, California Marijuana Company of America (OTC: MCOA), a diversified holding company looking to…

TuesdayNov 30, 2021 4:20 am

420 with CNW — Should Alcohol Sellers Worry about Competition from Cannabis-Infused Drinks?

Marijuana products are legally available in Guam, Washington, DC, and 19 other states. In states where recreational marijuana is legal, THC-infused drinks such as Hi5, Kalo, Keef, Cann and Wunder are marketed alongside other drinks, including wine and beer. Today, we look at whether producers of alcoholic beverages should worry about competition from cannabis-infused drinks. Colleen McClellan of Datassential says that we are likely to see an increase in the use and interest in cannabis-infused drinks as more states relax their regulations on the herb. McClellan, who is the regional director of the leading food and beverage insights platform, noted…

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Category: Uncategorized