Hi,

Through substantial acquisitions, cannabis producer Tilray is now one of the nation’s largest craft brewers. That’s a flip of the script for a market that typically sees alcohol producers making forays into the cannabis industry.

And it’s mixed reviews for multi-state operators navigating inflation, interest rates, a drop in cannabis prices, and slow-moving banking reforms. Some are winning, some are losing.

While Thailand strongly supports cannabis, its neighbor Singapore, amidst protests from the UN, executed a man last week for selling a kilogram of cannabis! The evidence against him was sketchy and executing people for selling natural medicine reminds us how backwards some of these laws and governmental officials are.

When I visit the lovely country of Singapore, I will be bringing banned chewing gum, telling people how spectacular it is as I blow massive bubbles and sticking it under the desks of government officials. :)

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

Vive La Resistance!
Jessica

04/24/23
SNDL Inc. (Nasdaq: SNDL) reported its earnings in Canadian dollars showing sequential growth in liquor retail, cannabis retail, and cannabis operations segments.
SC Labs, a U.S. cannabis and hemp testing company, expands into Arizona with the acquisition of C4 Laboratories for an undisclosed price.
Cannara Biotech Inc. (TSXV: LOVE) (OTCQB: LOVFF), posted fiscal second quarter results ending Feb. 28. showing a 76% revenue increase compared to the same period last year.
The Cannabis Business Office partnered with mission-based lender NuProject to launch the Cannabis Business Loan Program for social equity licensed cannabis businesses in Colorado.
Aurora Cannabis Inc. (Nasdaq: ACB) (TSX: ACB) of Canada repurchased approximately $16.6 million principal amount of its convertible senior notes in multiple transactions.
Agrify hasn’t filed its 10-K form with full-year financial results to the U.S. Securities Exchange Commission on time. Nasdaq issues warning.

04/25/23
Schwazze (OTCQX: SHWZ) (NEO: SHWZ), is acquiring a batch of cannabis assets in New Mexico. The acquisition will allow Schwazze to manage Everest Apothecary.
Unrivaled Brands Inc. (OTCQB: UNRV) out of California reported preliminary financial results for the first quarter 2023, showing revenue of $8.7 million and a gross margin of 48%.
Highlyte by Amnesia, the first AI-driven cannabis marketing compliance platform, announced today it has closed on $1 million in seed funding.

04/26/23
Allied Corp. (OTCQB: ALID), a Colombia-based cannabis cultivator launched a joint venture with Blueberries Medical Corp. (OTC: BBRRF) to produce psychoactive and non-psychoactive derivatives.

04/27/23
An Illinois rules overhaul making the process cheaper and easier has triggered an influx of applicants for new licenses to sell marijuana.
POSaBIT Systems Corp. (Nasdaq: KERN), posted its financial results for the last quarter and full year of 2022, showing signs of expansion and aiming for $60M in 2023 revenue.
Toronto-based Slang Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) posted earnings results showing two consecutive quarters of positive operational cash flow for the first time.
A National Association of Realtors study showed a notable decrease in commercial property purchases by marijuana industry-related businesses, accompanied by a rise in leasing activity.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) announced the grand opening of a medical cannabis dispensary in Macon, one of five Georgia dispensaries slated for 2023.
Naturecan, the Stockport, UK-based health and wellness brand acquired IAH Oregon, a $10 million CBD production facility.