The Morning After: Microsoft bought the game studios behind Doom and Fallout The big news last night was Elon Musk saying Tesla’s big battery innovations are, well, years away. But let’s start with something a little more immediate. Beside all the buzz regarding next-gen consoles, Microsoft has been busy elsewhere. It just signed a deal to buy ZeniMax Media, one of the largest independent games publishers in operation. Who? Well, it owns the
Neptune Wellness Enters Strategic Distribution Partnership with Global CPG CompanyNeptune Wellness Solutions, Inc. (“Neptune” or the “Company”) (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on natural, plant-based, sustainable and purpose-driven lifestyle brands, today announced an import and stocking distribution partnership with one of the world’s leading consumer goods companies, making and selling around 400 brands in more than 190 countries, for professional beauty, personal care and hygiene product lines generating potential sales revenue from as much as USD $65 million up to USD $137 million over the next 18 months based on the consumer product company’s and Neptune’s projections. Neptune expects to receive first shipments of products into its inventory by the end of October 2020
Wildfires Continue to Ravage West Coast Cannabis Businesses, U.S. House Postpones Vote on the MORE Act: Week in ReviewIndustry stakeholders by and large support the House Committee on Energy and Commerce passing on a voice vote a modified version of the Medical Marijuana Research Act of 2019. While there is no scheduled vote on the bill in the full House as of press time, the fact that the bill made it out of committee on a bipartisan vote signals a political tide change for cannabis research.“Whatever our views on marijuana legalization as legislators, we all ought to support the collection of scientific data to guide our decisions,” tweeted Rep. Morgan Griffith (R-VA), a cosponsor of the bill, following the Sept.
Namaste Debuts “VendorLink” Cannabis Accessory Marketplace Platform Namaste Technologies Inc. (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a leading platform for cannabis products, accessories and education, announced today the launch of VendorLink, a proprietary marketplace platform for brands and vendors to upload and sell their cannabis accessory products to CannMart customers directly. The first brand to utilize VendorLink is Canada Puffin, a leading Canadian hardware company focused on premium handblown glass and natural maple pipes and accessories. VendorLink allows brands and vendors to upload their product catalogue directly to CannMart.com, to be displayed alongside CannMart’s own accessory inventory. With an expanding national presence and a strong base of loyal repeat customers, CannMart is in a unique position to leverage its online real estate with
Over $2 Million of Funds from Missouri’s Medical Cannabis Program Go to VeteransNEW YORK, N.Y., September 8, 2020 – PRESS RELEASE – Columbia Care Inc. has signed a definitive agreement to purchase Project Cannabis, an award-winning cannabis company based in Los Angeles, Calif., for approximately $57 million in Columbia Care stock and approximately $12 million in cash from the proceeds of a concurrent sale of Project Cannabis’ real estate assets. Columbia Care’s acquisition of Project Cannabis is expected to close in the fourth quarter, 2020.Project Cannabis is one of the leading cannabis cultivators, wholesalers and retailers of highly recognized, award-winning, branded products, including Triple Seven and Classix, in the world’s largest cannabis market. In Los Angeles, Project Cannabis operates a 32,000-square-foot
Transforming the electrical wholesale industry With COVID-19 restrictions reducing opportunities for in-store interactions, the electrical wholesale industry has had to rethink the way in which it operates. Many electrical retailers are now relying more heavily on online and phone-based connections to maintain proximity with their customer base. One such electrical wholesaler, which has successfully transformed into a multi-channel customer service operation, is JH Market. JH Market operates a marketplace for products sourced globally that are designed, tested and certified to Australian standards. The business is almost 25 years old and has grown from a small walk-in store to an industry-leading supplier of lighting and electrical products with branches in Victoria and Queensland. It supports a 12,000-strong trade customer base and is currently diversifying with
Can Wildfires Impact Cannabis Quality and Test Results?Editor's note: This article was originally published during the 2018 wildfire season. Read "California Wildfires Continue to Ravage State Agriculture, Including Cannabis Farms," published in September 2020, here.As more than a dozen wildfires continue to burn across California, cannabis cultivators affected by the blaze face challenges ranging from the health and safety of their employees to the potential destruction of their facilities and crops. Consumer safety and lab testing will also become significant concerns as cannabis grown in affected areas hits the market.“When you start getting into how [it’s] going to affect product and manufacturing and production, this is the big variable,” Jon Vaught, CEO of Front Range Biosciences, a Colorado-based agricultural biotech
Man dies on roof after suspected electrocution A man thought to be a professional tradesman has died while working alone on a roof in Queensland after a suspected electrocution. Channel 9 reported that on 1 September, the 53-year-old was found unresponsive on the roof of a veterinary surgery in Capalaba, south-east of Brisbane. Industry body Master Electricians Australia (MEA) has said that the incident serves as a salient reminder of the need for a vigilant approach towards electrical safety. Although the exact cause of the death is not yet known, MEA CEO Malcolm Richards said that the incident reinforces the need to regularly check safety switches and ensure that the power is turned off before conducting any electrical work. “Each year 15 people from across
1933 Industries Signs Distribution Deal with CBD Plus to Carry Canna Hemp™ Products in over 120 Stores1933 Industries Inc. (the “Company” or “1933 Industries”) (CSE: TGIF) (OTCQX: TGIFF), a vertically-integrated cannabis consumer packaged goods company with a diverse portfolio of consumer-driven brands, is pleased to announce that it has set up distribution of its Canna Hemp™ line of wellness products in conjunction with CBD Plus, the largest and most trusted supplier of CBD products across the United States. The Company reports that its wholly-owned subsidiary, Infused MFG, signed a Master Services and Supply Agreement (“Agreement”), with MCV Enterprises LLC, an Oklahoma company doing business as CBD Plus and CBD Plus USA, (“CBD Plus”) for the marketing and sale of Canna Hemp™
ATAI Positioned As Kingmaker In Psychedelics SpaceThe recent announcement by Compass Pathways that it is planning to go public and is seeking a NASDAQ listing has stoked media interest in the psychedelics space.It represents a major infusion of new capital for the emerging psychedelic drug industry. It will attract new investors (and larger players) to psychedelic stocks. And there should be a strong trickle-down effect among both public and private psychedelics companies. As we noted in our own coverage (above), it is also a strong endorsement for the business model of ATAI Life Sciences, a private psychedelics company. ATAI is a major backer and large shareholder in Compass Pathways.ATAI Life Sciences is a unique corporate entity in the psychedelic drug industry.