Hi,

The cannabis community had many ups and downs in 2022. While cannabis banking didn’t pass, Biden approved over 6,500 cannabis pardons, a small amount but a move in the right direction. And he did pass a bill making cannabis research more accessible. While the next two years don't seem incredibly optimistic on a U.S. federal level, Germany is moving forward with cannabis legalization. Also during this year, the states of Montana, New Mexico, New Jersey, Vermont, Rhode Island and New York launch adult-use programs.

The U.S. Virgin Islands have sent a cannabis legalization and expungement bill to the Governor, who is expected to sign it!

Months ago, Curaleaf was accused of having ties to Russia. The company's founder, Boris Jordan, who is of Russian descent himself and owns 18% of Curaleaf, has called the brand an American success story and emphasized that he was born in the U.S. However, newly leaked documents indicate that much of Curaleaf's funding came from the Russian billionaire, Andrei Bloch, who is the partner of Roman Abramovich and is reported to own 28% of Curaleaf. Not only does Abramovich have ties with Putin but he has been helping negotiate on behalf of Ukraine. Does this mean they will broker peace by offering both armies and politicians free prerolls? Okay, probably not. But I can still dream. :)

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Happy New Year!
Jessica

2022-12-26
Congress has shot down proposals which could help finance legal cannabis companies.
Charlotte’s Web Holdings, Inc. (OTC: CWBHF) released their Q3 earnings report transcript, which mentions gross proceeds of $56.8M.

2022-12-27
Curaleaf Holdings (OTC: CURLF) leaked documents have revealed a Russian billionaire with ties to Putin has been secretly funding the two biggest shareholders of the the MA company (worth an estimated $3.08B).
Rodedawg International Industries Inc. (OTC: RWGI) provided a year end shareholder update, including information about its acquisition of Tree Moguls, their first revenue generating cannabis brand.

2022-12-28
Delivra Health Brand (TSXV: DHB) (OTCQB: DHBUF) sells United Greeneries Holding Ltd and its Lucky Lake Facility in Saskatchewan to an unnamed third party for $3M.
High Fusion Inc. (CSE: FUZN) has completed two investments for a total of $250M, the first to Downwind 27 Inc. for $150M, the second for an unsecured note.

2022-12-29
Pet CBD the global market is expected to reach $1.71B by 2030.
High Tide Inc. (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA) has acquired 100% of Jimmy’s Cannabis Shop (British Columbia) for a reported $5.3M.

2022-12-30
High Tide Inc. (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA) released 2022 highlights including being named the top revenue-generating company in Canada, and increasing it’s Q3 revenue for 2022 to CAD$248.6M, up from CAD$127.3M in 2021.
Death Row Records The famous record label, bought by Snoop Dog this year, will be launching into the cannabis market with their new Death Row Cannabis brand.
285 Ont, a part of Ontario Inc, announces its acquisition of FinCanna securities (OTC: FNNZF). The company invested in 484,006 common shares and 877,500 convertible debentures.