06/05/2023
Atlas Global Brands Inc. (CSE: ATL) is closing its Alberta operations to slash costs and streamline in Canada. Layoffs impact approximately 50 employees.
Geronimo Capital founder questions the deal between TPCO (OTC: GRAMF) and Gold Flora, suggesting it benefits the board more than shareholders.
Cannabis retailers in Illinois sold $132.7M in cannabis last month, slightly up from April. Illinois Department of Financial and Professional Regulation.
Greenlane Holdings Inc. (Nasdaq: GNLN) announces a one-for-10 reverse stock split to comply with Nasdaq's listing requirements.
Grow Lab Organics, a medicinal cannabis startup, secures $1.26M seed funding. They research and grow different strains on the Isle of Man.
Colorado governor signs bill allowing online cannabis sales, removing restrictions and adding regulations for online commerce.
06/06/2023
Fire & Flower Holdings Corp. (OTCQX: FFLWF), a Canadian cannabis retailer, seeks creditor protection in Canada. Ontario court orders CCAA.
A coalition of cannabis companies, trade organizations, nonprofits, and activists aims to influence the Biden administration's review for potential federal cannabis legalization.
SpringBig Inc. (Nasdaq: SBIG) a Florida-based cannabis marketing company, faces a lawsuit from Kind+ Inc., alleging the misuse of their partnership to create a competing business.
Medicine Man Technologies Inc. (OTCQX: SHWZ) (NEO: SHWZ), operating as Schwazze, acquires assets of Sucellus LLC, including retail dispensaries, cultivation, and manufacturing facilities.
06/07/2023
Red White & Bloom Brands Inc. (CSE: RWB)(OTC: RWBYF) acquires Aleafia Health Inc. (TSX: AH)(OTCQB: ALEAF), gaining 76% stake. Synergy savings of $10M are expected.
Flora Growth Corp. (Nasdaq: FLGC), a global cultivator, manufacturer, and distributor of cannabis products, implements a 1-for-20 reverse stock split effective June 9.
Concerns arise over a proposed recreational cannabis initiative lacking consumer impact while benefiting a medical cannabis giant.
06/08/2023
TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), acquires a Maryland medical cannabis dispensary for $22.1M in a mostly stock deal ahead of the state's upcoming adult-use cannabis sales.
Sunderstorm acquires Abide Brands, the maker of Bounti Vapes, in a deal aimed at expanding Sunderstorm's product line. The acquisition amount remains undisclosed.
MariMed Inc. (CSE: MRMD) (OTCQX: MRMD) turns a profit in 2022, unlike other U.S. cannabis companies. CEO, CFO discuss resilience, path to sustainability.
MPM BioImpact to acquire Reunion Neuroscience (NASDAQ:REUN, TSX:REUN) for $13.1M in cash. Shareholders to receive $1.12/share, 43.1% premium. Deal pending shareholder approval, Q3 2023 close.
06/09/2023
Kaival Brands (NASDAQ:KAVL) acquires vaporizer patent portfolio for cannabis, hemp/CBD, nicotine, nutraceuticals. Seeks licensing, innovation.
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