Global Cannabis and CBD News Roundup YouTube

Canopy, the once massive MSO, has decided to streamline operations and sell their 28 dispensaries. Meanwhile, the Ontario government is estimated to be the most profitable cannabis business in Canada. They are evaluating skimming less revenue from cannabis companies.

British American Tobacco is furthering its investment in cannabis and, along with other players, investing in a German company. While the jury is out on whether cannabis competes with tobacco, it’s easy to see the powerful distribution network that Big Tobacco could deliver post-legalization.

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Have a enjoyable week!

Weekly News
Ontario Cannabis Store Reviewing Markup amid Its Soaring Profits, Private-Sector Losses More at
Canopy Growth Quits Canadian Cannabis Retail Business More at
BAT Invests in Sanity. Is Big Tobacco Pivoting to Big Cannabis? More at
ICBA: Two-Thirds of Voters Support Cannabis Banking Access More at
GOP Senator John Cornyn Blocks Bipartisan MJ Research Bill From Expedited Vote More at
Tax Policy Center: Pros & Cons of Cannabis Taxes, Details by State (55pg Report) More at
DEA Denies Doctor Seeking Psilocybin For Terminally Ill And Won’t Waive Records Fee More at
Federal Prohibition Is Putting Patients At Risk Of Consuming Contaminated Cannabis More at
Cannabis M&a Has Cooled in 2022, but It’s ‘Far from Disastrous’ Insiders Say More at
Mississippi Nears $6M in Revenue off Medical Cannabis Licenses, Fees before Sales Begin More at
Poll: 73% of GOP Voters Support Cannabis Banking & US Capital Markets Access More at
First Guam Cannabis Adult Use Licenses Approved More at
900 Apply for NY’s First 150 Licenses to Sell Recreational Pot More at
Cannabi’s Last Taboo: Parents Who Get Stoned. Cannabis Still Dicey to Talk About. More at
Cool Finds
Industrial Hemp as an Energy Source? (Podcast) More at
Can Cannabis Be Used With Methadone to Help Treat Opioid Addiction? More at
Stocks and Startups Briefs

Cellular Goods (LSE: CBX), UK-based wellness company, signed a letter of intent to acquire Cannaray Ltd.
4Front Ventures (CSE: FFNT) (OTCQX: FFNTF) introduced its California cannabis brand, Island Cannabis to Massachusetts.

TPCO Holding Corp. (The Parent Co.) (NEO: GRAM.U) (OTCQX: GRAMF) acquired the last 15% equity of its Calma Weho LLC dispensary after receiving regulatory approvals.

Ascend Wellness Holdings (CSE: AAWH.U) (OTCQX: AAWH) saw CEO Abner Kurtin replaced by a pair of interim co-CEOs.
ACT Laboratories, a Cannabis testing company, acquired another lab company, CDX Analytics, for an undisclosed sum.
IPower (Nasdaq:IPW) (“iPower” or the “Company”) reported a Q4 revenue increase of 50% to $22.1M compared to $14.7 million from last year.
Real Brands (OTC:RLBD) has acquired all the assets of Boulder Botanical & Biosciences Laboratories, Inc., a manufacturer of CBD products.

Safe Harbor Financial (Nasdaq: SHFS) completed a special purpose acquisition corporation (SPAC) deal with Northern Lights Acquisition Corp. (Nasdaq: NLIT).
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) reported Q3 results with revenue of $10M, an increase of 111% over last year’s $5.1M.
High Tide (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), acquired 100% of the equity interest in Jimmy’s Cannabis Shop BC.
Irwin Naturals (CSE: IWIN) (OTC: IWINF) (FRA: 97X) agreed to buy all of the issued and outstanding shares of Keta Media LLC dba Ketamine Media.

Grown Rogue (OTC:GRUSF) Q3 2022 revenue was $4.25M, an increase of 40% compared to $3.03M in Q3 2021.