Minnesota Moves Closer to Cannabis Legalization

Minnesota Moves Closer to Cannabis Legalization Minnesota is still pushing for legalization and planning to try again during this legislative session, although they are still facing some resistance from the state Senate. “Public support is growing for

Flowr and Hawthorne Canada Jointly Announce the Completion of Cannabis Research and Development Facility

Flowr and Hawthorne Canada Jointly Announce the Completion of Cannabis Research and Development FacilityTORONTO and PORT WASHINGTON, N.Y., Jan. 05, 2021 (GLOBE NEWSWIRE) -- PRESS RELEASE -- North America’s first research and development facility dedicated to advancing cannabis cultivation techniques and systems has been completed by The Flowr Corporation and Hawthorne Canada Limited. Hawthorne is a subsidiary of the Hawthorne Gardening Company division of The Scotts Miracle-Gro Company. Scotts Miracle-Gro is a marketer of branded consumer lawn and garden products and indoor growing solutions. Flowr cultivates and sells premium cannabis to medical and adult-use markets in Canada, Europe and Australia.Located on Flowr’s cultivation campus in Kelowna, British Columbia, Canada, the R&D Center includes laboratories, indoor grow suites and training areas

Aleafia Health Announces Intention to Repay $25M Convertible Debenture with Cash

Aleafia Health Announces Intention to Repay $25M Convertible Debenture with Cash Aleafia Health Inc. (TSX: AH, OTC: ALEAF) (“Aleafia Health” or the “Company”) is pleased to announce its intention to repay in cash its 8% unsecured convertible debt (the “Convertible Debt”) which matures on February 2, 2021. The Convertible Debt was issued by Emblem Corp. on February 2, 2018, and Emblem was acquired by the Company on March 14, 2019. The Company currently has no materially significant senior secured debt, and its facilities are fully unencumbered, providing further flexibility for additional financing if necessary. The repayment will result in a $2 million reduction in annual interest expenses. “Through continued fiscal discipline over the course of 2020 and our focus on sustainable growth, we

Halo Completes the Acquisition of 1275111 B.C. Ltd. and Private Placement

Halo Completes the Acquisition of 1275111 B.C. Ltd. and Private Placement TORONTO, Dec. 30, 2020 /CNW/ – Halo Labs Inc. (“Halo” or the “Company“) (NEO: HALO) (OTCQX: AGEEF) (Germany: A9KN) is pleased to announce it has closed its previously announced acquisition of 1275111 B.C. Ltd. (“1275111“) on the terms described in the press release dated December 22, 2020 (the “Transaction“). Halo issued an aggregate of 147,475,343 common shares of Halo (“Halo Shares“) on closing of the Transaction. In addition, the Company has closed its previously announced non-brokered private placement (the “Private Placement“) pursuant to which an aggregate of 40,909,090 Halo Shares were issued at a price of C$0.055 per share for aggregate gross proceeds of approximately C$2,250,000 (the “Private Placement“). Proceeds of the

U.S. Senate Approves Legislation to Expand Medical Cannabis Research, Missouri Judge Rejects Lawsuit Over State’s Cultivation License Cap: Week in Review

U.S. Senate Approves Legislation to Expand Medical Cannabis Research, Missouri Judge Rejects Lawsuit Over State’s Cultivation License Cap: Week in ReviewCannabis-infused beverages may only represent a small portion of the overall legal market in the U.S. and Canada now, but there are several reasons to believe that may change, and quickly. Several companies—from cannabis giants like Canopy Growth and Acreage Holdings to historic, household brands like Pabst Blue Ribbon (PBR)—have placed their bets on cannabis-infused beverages, announcing releases (or plans to) in Q4 2020. In the case of PBR, which agreed to allow the independently operated Pabst Labs to use its brand for its new THC-based drink, the company is not subbing alcohol for THC and creating a beer, like

THC-Infused Tonics Find Their Place in Cannabis Beverage Market in 2020

THC-Infused Tonics Find Their Place in Cannabis Beverage Market in 2020Cannabis-infused beverages may only represent a small portion of the overall legal market in the U.S. and Canada now, but there are several reasons to believe that may change, and quickly. Several companies—from cannabis giants like Canopy Growth and Acreage Holdings to historic, household brands like Pabst Blue Ribbon (PBR)—have placed their bets on cannabis-infused beverages, announcing releases (or plans to) in Q4 2020. In the case of PBR, which agreed to allow the independently operated Pabst Labs to use its brand for its new THC-based drink, the company is not subbing alcohol for THC and creating a beer, like Lagunitas Brewing Company (and parent brand Heineken) did in the

The European Union Is Going To Be A Major Driving Force For CBD In 2021

The European Union Is Going To Be A Major Driving Force For CBD In 2021 With 2020 coming to a close in less than two weeks, we want to highlight one of the most significant themes of the year as it relates to the cannabis industry. The theme is the European Union (EU) and we believe that the continent made significant strides in 2020. Although the EU cannabis market recorded impressive growth when compared to 2019, the growth came in below broker-dealer expectations and we believe that this put pressure on the companies that are highly focused on it. Although most people think of tetrahydrocannabinol (THC) when they think about the cannabis industry, the cannabidiol (CBD) vertical has been a primary growth driver