Hi,

Cannabis Banking was barely defeated when attached to the NDAA Bill. Now the last chance to get it through is with the Omnibus government spending bill.

The price of a pound of wholesale cannabis reached an all-time low. Between the high taxes, few deductions, and difficulties in banking, it's no wonder many farmers are afraid of mass bankruptcies or as they call it, “Farmageddon”. Actually, I just made that word up. Feel free to spread it. :) Jokes aside, a couple of weeks ago we mentioned California’s license holders' massive debt. Now, it looks like there are massive outstanding tax debts and fines. Colorado and Oregon are also feeling the squeeze. Let's support our local farmers!

Feel free to subscribe to our Cannabis or CBD News Roundups.

Thanks and have a phenomenal week!
Jessica

2022-12-05
Grown Rogue International Inc. (CSE: GRIN) (OTC: GRUSF) closes a non-brokered private placement deal of convertible debentures worth $20M. The funding will go towards general expansion.
Icanic Brands Company Inc. (CSE: ICAN) (OTCQB: ICNAF) changes its corporate name to Leef Brands, Inc., having secured permission from the Canadian Security Commission. They will now be using the trading symbol LEEF.
Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF) receives permission from the Nevada Cannabis Compliance Board for its subsidiary, MM Development Company Inc., to open a consumption lounge in the state.

2022-12-06
WM Technology, Inc. (Nasdaq: MAPS) lays off 175 employees, a quarter of its workforce, to cut costs.
HEXO Corp. (TSX: HEXO) (Nasdaq: HEXO) pays off the last of its convertible debentures issued in December of 2019.
Glass House Brands Inc. (NEO: GLAS.A.U) (NEO: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF) closes the third tranche of its non-brokered private placement deal. The aggregate value is approximately $50M.

2022-12-07
Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) in violation of labor law, according to the U.S. National Labor Relations Board. They must bargain with unionized workers in the next 21 days.
Petalfast announces partnership with Eagles Eyes Transport Solutions, LLC. who will provide transportation, distribution, warehousing, and fulfillment of their products in Massachusetts.

2022-12-08
Greencare Capital trust plans to pivot away from cannabis-related investments and change name to MaxRS Ventures. They will be focusing on technology driven business.
Columbia Care (NEO:CCHW,CSE:CCHW,OTCQX:CCHWF) releases its first corporate social responsibility report.
Paralle Accelerator receives $10M bridge term loan from SunStream Opportunities LP, sponsored by SNDL Inc.(NASDAQ:SNDL).
The Flowr Canada Holdings ULC, a subsidiary of The Flowr Corp. (TSX-V: FLWR) (OTC: FLWPF), enters agreement with Avant Brand Inc. (TSX: AVNT) (OTCQX: AVTBF) (FRA: 1BU0), who will acquire all shares and certain assets for a total of $5.1M in addition to the cost of the closing DIP loan.
Cannabis Global, Inc. (OTC: CBGL) successfully concludes two debt settlement negotiations, eliminating approximately $813K of their long-term debt.
Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) closes a previously announced private offering of approximately $69M and uses the funding to pay off outstanding senior secured notes due next month.

2022-12-09
TerrAscend Corp. (CSE:TER) (OTCQX: TRSSF) enters agreement with Canopy USA, LLC, converting approximately $92M in aggregate loans in exchange for just under 25M exchangeable shares in the capital of TerrAscend and approximately 2M new common share purchase warrants.