Staff, Author at Green Market Report - Page 3 of 132

StaffJuly 27, 2021
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4min4260

CBD company Bluebird Botanicals has acquired Precision Botanical, a science-driven CBD brand that is committed to providing purity, accuracy, and transparency for all of its CBD products. In addition to the acquisition, Bluebird has received a growth investment from Juggernaut Capital Partners, a lower middle-market private equity firm specializing in buyout and growth investments across the consumer and outsourced healthcare services industries. Bluebird said that Juggernaut’s investment will strengthen the combined company’s financial profile and provide it with the resources to fuel further innovation in the CBD space, accelerate growth online, and assist future expansion into new channels.

Brandon Beatty, CEO of Bluebird Botanicals, said “Bluebird has been an industry leader since its founding, and this acquisition further solidifies our position as a world-renowned hemp extract company that is committed to the highest standards of product quality and intently focused on human wellness. We believe the combination of Bluebird’s brand recognition and customer-centric approach with Precision’s science-driven model will lift both brands to new heights. We’re extremely proud and excited to partner with the scientists who founded Precision, as well as the talented and respected folks at Juggernaut Capital Partners.”

Bluebird Botanicals offers multiple CBD products including its Classic CBD Oil and alternative options such as CBD isolates and CBD gummies. It is a Certified B Corporation, that has focused strategically on its e-commerce operations and the natural and specialty sales channels. Consistent with this focus, the combination with Precision will serve to strengthen Bluebird’s presence in brick-and-mortar retail locations, as Precision has a fast-growing national footprint within convenience and grocery store channels.

The merger with Precision will also allow Bluebird to strengthen its supply chain, continue to adhere to a rigorous hemp extraction process for all of its products, and further establish the combined company’s brand reputation for purity, safety, and quality among retailers and consumers.

Bluebird also gains instant access to Precision’s Oregon-based hemp cultivation and extraction facility. The combined company will benefit from Precision’s key science, technology, and data-led consumer insights, as well as its patent-pending revolutionary tools and technologies, new product development opportunities, and innovative team of experts.

 


StaffJuly 26, 2021
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7min6670

It’s time for your Daily Hit of cannabis financial news for July 26, 2021.

On The Site

Verano

 Verano Holdings Corp. (CSE: VRNO) (OTCQX:  VRNOF) is buying WSCC, Inc., also known as Sierra  Well, adding two operational dispensaries and an active cultivation and production facility in Nevada along with two real estate properties in Carson City and Reno. The acquisition is a cash and stock deal valued at $29 million with $5.6 million in cash up front and the rest in stock. It is expected to close once approvals are received for the two medical cannabis cultivation licenses; two adult-use cultivation licenses; two medical cannabis dispensary licenses; two adult-use dispensary licenses; one medical production license; one adult-use product manufacturing license; and one adult-use distribution license. 

Turning Point

Turning Point Brands, Inc. (NYSE: TPB) is buying the cigarillo company Unitabac, LLC. The purchase includes cigarillo products and all related intellectual property, including Cigarillo Non-Tip (NT) Homogenized Tobacco Leaf (HTL), Rolled Leaf and Natural Leaf Cigarillo Products. The terms of the deal were not disclosed. Cigarillos are typically short, narrow cigars. Unlike cigarettes, cigarillos are wrapped in tobacco leaves or brown, tobacco-based paper. Blunts are standard-size cigars that are hollowed out and filled with cannabis. Several cannabis companies have begun to cater to a smaller blunt option like a cigarillo size.

Colombia

Colombian President Ivan Duque Marquez has signed a new law that would allow a much larger amount of dry flower to be exported from the country, after a high-profile meeting of Colombian cannabis business leaders with US-listed public companies. The new law, a change to Colombian Decree 613, greatly increases the amount of dry cannabis flower (the flower, stems, and roots) that can be exported from the country, and also allows for cannabis to be put into industrial products like food and beverages and for much more extensive marketing of cannabis products in Colombia.

Delta-8

Delta 8 THC is becoming more popular every day. As more people get to know about the benefits of delta 8 THC, the demand for the products is increasing rapidly. After all, when the product is so effective, everyone will naturally want to try it out. You can buy Delta-8 THC online pretty quickly and get the product delivered to your doorstep. With delta 8 THC products, there is some ambiguity regarding the legality. The legality of THC products evolves rapidly, so it is not easy to keep track of it. If you are in Florida, you might be wondering about the current legal status of delta 8 THC.

In Other News

Gage

Gage Growth Corp. (CSE: GAGE)is bringing the iconic cannabis brand COOKIES to Canada. COOKIES is one of the best-known cannabis brands in the world and has one of the largest retail footprints in the industry. The partnership will bring the brand to Canadian consumers for the first time. Gage will work with NOYA Cannabis Inc., a premium hydroponics production company awarded its grow and sales license from Health Canada in 2018, to bring to market hand-selected strains from rapper and entrepreneur Berner and his renowned cultivation partner Jigga. Such hand-selected strains include Gary Payton, Georgia Pie, Medellin, Lions Mane, Soap, Cheetah Piss, Blanco and more. A COOKIES retail store is also planned to open in Canada by the end of 2021.

AgraFlora

AgraFlora Organics International Inc. (AGRA) has announced a name change to Agra Ventures Ltd. Shares will begin trading under the new name and with a new CUSIP number on July 28, 2021. The symbol will remain the same.

Awakn

Awakn Life Sciences Corp. (NEO: AWKN) (OTC Pink: AWKNF), a biotechnology company with clinical operations developing and delivering psychedelic medicines to better treat addiction, today announced approval from the Financial Regulatory Authority for its shares to commence trading on the OTC Market in the United States under the symbol “AWKNF” effective today, July 26, 2021. Awakn will continue to trade on the NEO Exchange under its existing symbol “AWKN”.


StaffJuly 26, 2021
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10min7060

Editors Note: This is a guest post.

Delta 8 THC is becoming more popular every day. As more people get to know about the benefits of delta 8 THC, the demand for the products is increasing rapidly. After all, when the product is so effective, everyone will naturally want to try it out. You can buy Delta-8 THC online pretty quickly and get the product delivered to your doorstep. With delta 8 THC products, there is some ambiguity regarding the legality. The legality of THC products evolves rapidly, so it is not easy to keep track of it. If you are in Florida, you might be wondering about the current legal status of delta 8 THC.

 

What is Delta 8 THC?

Delta 8 THC is pretty popular in the market right now. Manufacturers extract THC from the hemp and cannabis plants, and then they synthesize them in the lab to make delta 8 THC. Due to this manufacturing process, many people mistakenly believe that delta 8 THC is not natural. Delta THC is entirely natural. All the compounds that are present in delta 8 products occur naturally. Delta 8 THC is immensely popular because it offers a middle ground between marijuana and CBD. 

Marijuana gives users a solid high that is not ideal for everyone. This intense sensation produced by marijuana prevents many users from experiencing the benefits of cannabis. On the other hand, individuals turn to CBD, which can be too mild. Due to the low concentration of THC present in CBD products, they cannot get you high at all. Due to this reason, many users report that they need to consume high quantities of CBD to experience the benefits. For users who do not want to have such extreme experiences, delta 8 THC is the perfect solution. When you consume delta 8 THC, you experience a controllable high. This high sensation is much more subdued than marijuana. However, at the same time, it will help you feel relaxed and calm. 

What are the Benefits of Delta 8 THC?

There are many benefits of consuming delta 8 THC. Delta 8 THC products have neuroprotective properties that promote improved brain health and cognitive function. Many users also consume delta 8 THC to enhance their appetite. When you take delta 8 you can also address several health-related concerns like nausea, pain, inflammation, anxiety, and others. Delta 8 THC is also known to be pretty effective when it comes to treating mental health-related concerns. Several users consume delta 8 THC to help them get rid of racing thoughts. Delta 8 is also famous for helping users with sleep-related issues. When you consume delta 8 THC, you will experience improved sleep quality and longer sleep duration. Delta 8 THC can tackle chronic pain and short-term pain such as headaches. . You can also take delta 8 THC to help treat your hangover. Since delta 8 THC gives you a controlled high, you can also calm down and feel relaxed. There are many more benefits of consuming delta 8 THC that are currently undergoing research. From what we know so far, there are little to no side effects of consuming delta 8 THC. Now that you know all about delta 8 THC, you might be wondering if you can purchase these products legally.

 

What Is The Current Legal Status Of Delta 8 Thc In Florida?

If you are in Florida, you are pretty lucky because delta 8 THC is legal in the state of Florida. You can purchase delta 8 THC products legally in the Sunshine State. However, before you make any purchase, you need to be well aware of the laws that govern the sale and consumption of delta 8 THC in Florida. In 2018 the Farm Bill made delta 8 THC products legal. In Florida, Senate Bill 1766 further makes delta 8 products entirely legal. Since delta 8 THC products are completely legal, they are pretty accessible. You can buy delta 8 THC products online or in stores. As per Senate Bill 1766, you need to be at least 21 years or older if you want to purchase delta 8 products.

As mentioned before, the legal landscape around delta 8 THC products is evolving rapidly. Therefore, you need to be up-to-date with any changes in the law. Further, you need to ensure that you only purchase legal products due to this product’s sensitive nature. While Delta 8 THC is legal, delta 9 THC is not. This difference is significant because delta 9 THC is highly psychoactive and is illegal in Florida. It would help to be extremely careful while purchasing to ensure that you only get entirely legal products. Florida lawmakers are reportedly keeping a close eye on the delta 8 THC market. As long as the products you buy comply with the current state and federal laws, you will not face any issues whatsoever. However, since the market is unregulated, you need to take a few precautions to purchase legal products.

How To Ensure That You Buy Only Legal Delta 8 THC Products?

Now that you understand the importance of purchasing legitimate products let us see how you can only buy legal products. The first thing that you need to look out for is the reputation of the company. A well-reputed company will only deal in legitimate products because reputation is a significant factor in delta 8 markets. Further, it would be to verify that the products you purchase have gone through third-party testing. Trusted companies get all their products tested by third-party agencies to sell the highest quality products. 

The results of these product tests are available in the form of certificates of analysis (COAs). These COAs are open to the buyers so they can verify the information themselves. You can also look at the product labels and the product pages to check the ingredients list. Under no circumstances should you purchase delta 8 THC products from unreliable sources. If you buy your products from unofficial markets, you expose yourself to unnecessary risk. When dealing with such unofficial products, there is no way to verify their authenticity, and you cannot be sure that the products you are purchasing are legal.

Conclusion 

Delta 8 THC products are legal in Florida, and you can purchase them legally. The legal landscape around THC products evolves rapidly, so ensure that you are up to date with the current legal status of delta 8 THC. You can ensure that you are always purchasing legal products by buying from licensed stores and trusted companies exclusively to minimize your risks.


StaffJuly 26, 2021
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3min4280

Turning Point Brands, Inc. (NYSE: TPB) is buying the cigarillo company Unitabac, LLC. The purchase includes cigarillo products and all related intellectual property, including Cigarillo Non-Tip (NT) Homogenized Tobacco Leaf (HTL), Rolled Leaf and Natural Leaf Cigarillo Products. The terms of the deal were not disclosed.

Cigarillos are typically short, narrow cigars. Unlike cigarettes, cigarillos are wrapped in tobacco leaves or brown, tobacco-based paper. Blunts are standard-size cigars that are hollowed out and filled with cannabis. Several cannabis companies have begun to cater to a smaller blunt option like a cigarillo size.

“We are incredibly excited to welcome the Unitabac cigar brands to the Turning Point Brands family,” said Larry Wexler, CEO, Turning Point Brands. “Industry analysts have highlighted that the multibillion-dollar cigarillo market growth is being fueled, in part, by the rapidly expanding movement toward cannabis legalization. Gaining access to Unitabac’s product portfolio provides us with the necessary assets to build a more competitive platform to participate in this large and growing market. Our intention is to leverage both the Zig-Zag tobacco brand strength and the extensive reach of our retail distribution platform to further penetrate the cigar category by introducing new line extensions under the Zig-Zag tobacco brand and expanding the reach of the Unitabac cigar products.”

The acquired brands compete in three core segments: Trivo, Hype and Hi-Fi within the Cigarillo NT HTL segment; Cloud9 within the Natural Leaf Cigarillo segment; and Badlands within the Rolled Leaf segment. These cigars are all Grandfathered Products or subject of Substantial Equivalence Reports in place with the U.S. Food and Drug Administration (FDA).

“Turning Point Brands’ deep knowledge of the evolving consumer experience, coupled with the Company’s sales and marketing leadership, make the team an ideal partner for Unitabac,” added Rush Patel, Founder, Unitabac. “With Turning Point Brands’ competitive advantages, grounded in superior marketing and distribution reach, I am confident our portfolio of products and brands developed over the past decade will continue to flourish under its forward-looking stewardship.”


StaffJuly 22, 2021
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3min6390

Turning Point Brands, Inc.  (NYSE: TPB) completed an $8 million strategic investment in cannabis lifestyle brand Old Pal Holding Company LLC. TPB invested in the form of a convertible note which includes additional follow-on investment rights.

“Turning Point has a proven track record of developing and growing brands and is capitalizing on this experience to identify highly recognizable, leading cannabis brands poised to experience significant growth,” said Larry Wexler, CEO, Turning Point Brands. “Given Old Pal’s favorable market position, the awareness of its products outside its current geographies and its unique licensing model, we are confident the brand is well-positioned to further penetrate the market and capitalize on the growth potential of the cannabis industry.”

Old Pal was founded by Rusty Wilenkin and Jason Osni in 2018 and capitalizes on the idea of shareable cannabis. They have trademarked the term”Share the Stoke” and say “Burn one down, pass it around.” The company sells pre-rolls and vapes. TPB is known for selling ZigZag rolling papers and other smoking accessories.

TPB’s investment will help Old Pal to expand its product offerings in existing states, which include California, Nevada, Michigan, Oklahoma, Ohio, Washington and Massachusetts, and will help create the infrastructure necessary to support continued territory and product expansion. As a result of Old Pal’s strong brand recognition and extensive network of licensed cultivation and production relationships, the company has the ability to scale its geographic footprint while continuing to offer consistent and readily available products.

“Old Pal’s mission is to spread the shareable cannabis lifestyle to customers across the U.S. through accessible and high-quality products,” added Charlie Cangialosi, COO, Old Pal. “Turning Point Brands’ experience with iconic brands, like Zig-Zag, and success in adjacent and complementary industries will allow us to bring the Old Pal experience to a wider range of markets and consumers.”


StaffJuly 22, 2021
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6min5700

Editors Note: This is a guest piece.

Cannabidiol oil is a by-product derived from the cannabis plant commonly known as CBD oil. It is manufactured to relieve pain, reduce anxiety and depression, alleviate cancer-related symptoms, and lessen acne. Generally, it is produced on a large scale in oil companies. The process of manufacturing CBD oil involves a huge amount of electricity. Due to the large amounts of energy usage, the oil companies have to pay costly energy bills. 

Thus, with this article, we tried to suggest some of the ways through which we can reduce energy bills and save electricity. Here are 5 ways using which you can save electricity while manufacturing CBD oil.

1) USING LED LIGHT

Normally 18 to 20 hours of lighting per day is required for growing cannabis. The operators who grow cannabis use high-pressure sodium lights which help to supplement sunlight during cold weather. This can be replaced by using LED lighting which is more efficient and will use up to 50 percent less energy as compared to the high-pressure sodium lights. Thus, LED recessed lighting from  https://www.lepro.com/led-recessed-lighting is a better alternative that will save electricity and also reduce electricity bills.

 

2) REDUCING HEAT AND DEHUMIDIFICATION

If we reduce the heat that comes from lighting, then it can reduce the load on the HVAC equipment by altering the humidity levels. Dehumidification is important for growing cannabis which requires mechanical cooling. Small cultivators may consider high-efficiency split ductless air conditioning and heat pump units which will consume less fan energy than the rooftop units. On the contrary, large cultivators may go with the chilled water system. This will lead to more potential energy savings.

 

3) GREENHOUSES

Greenhouses can save much more energy required per pound of cannabis than typical indoor cultivation. Since sunlight is used as an energy source for a greenhouse, this leads to a large reduction in energy consumption and saves electricity because there is a reduced need for artificial lighting. 

The indoor grow operations require more amount of artificial light during the vegetative stage and flowering stage as compared to the amount of supplemental artificial lighting needed by Greenhouses. Moreover, greenhouses allow more air circulation which will reduce the need for efficient fans and save electricity. Thus, Greenhouses are a preferable option to conserve electricity. 

 

4) ENERGY MANAGEMENT

The CBD oil companies should install smart and sophisticated meters from LEPRO to measure the baseline energy usage and demand. It would become easier to determine peak usage hours. Cultivators should prefer an energy audit of the operation by simple calculations. One should record total electricity consumption per pound of cannabis on a fortnightly or monthly basis. One should set targets to reduce energy consumption and implement a plan to save electricity and reduce energy usage.

You should also take the benefit of free energy audits and suggestions for improvement of the cannabis cultivation scheme offered by many energy companies. 

 

5) USE OF TECHNOLOGY

Technology will be proved as a boon if we use it in a systematic way for preserving electricity in CBD oil production. Firstly, we have to make the cannabis cultivators familiar with the utility of energy efficiency programs and services offered these days. One should choose well-qualified contractors (for cooling and dehumidification) with expertise in mechanical systems for CBD oil manufacturing. One can also have an integrated climate control system that is chosen by the cultivators best suited for their produce. Multi-output or variable speed equipment is also recommended for less power consumption. Additionally, these types of equipment prevent plant shock by not going from off to high setting.

 

CONCLUSION

These are some of the methods which can be used to reduce the power consumption needed in CBD oil production. As responsible citizens, we must save electricity and preserve it for future generations because sources of electricity are likely to exhaust if continued to be used at this high pace. Moreover, there is a link between energy use and the environment. If we consume less power, then we help to reduce the number of toxic gases released in the air by such oil companies and conserve our ecosystems from destruction.


StaffJuly 21, 2021
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6min6390

It’s time for your Daily Hit of cannabis financial news for July 21, 2021.

On The Site

Dab Day

July 10 or Dab Day is turning into a dud day. It’s also called “oil” day and the idea is that 710 upside down spells oil. It’s supposed to be a day that celebrates vaping and consuming oil or concentrate cannabis products. No one is sure where or how the holiday got started or how it went from Oil Day to Dab Day. Still, dispensaries and brands have been game to throw a Dab Day party, but the consumers seem less than impressed. Headset provided Green Market Report with data from this year’s 710 sales and cannabis sales actually decreased. Concentrate sales did increase and were the only category to do so.

Akerna

Cannabis software company Akerna (NASDAQ: KERN) has released its 2021 Mid Year report that highlights upcoming trends as well as recapping the first half of the year. These trends include interstate commerce, the importance of brands, and the quickly growing power of the female consumer. Scott Sozio who serves as Head of Corporate Development for Akerna wrote that while consolidation and access to capital have been important issues they are laying the groundwork for interstate commerce and the importance of brands. 

Empower

Empower Clinics (OTC: EPWCF) is selling its legacy cannabis assets for $1 million and said it plans to fully focus on its integrated healthcare business. The non-binding agreement outlines that Andrea Klein and Dustin Klein are buying Sun Valley Health Holdings LLC, Sun Valley Health Franchising, LLC, Sun Valley Health, LLC, Sun Valley Health West, LLC, Sun Valley Health Tucson, LLC, Sun Valley Health Mesa, LLC, Sun Valley Alternative Health Centers NV, LLC, and all subsidiaries.

Gage

Gage Growth Corp. (CSE: GAGE) has added two more provisioning centers (dispensaries) to its portfolio, which will be located in Flint and Burton, Michigan. The company now has 15 provisioning center locations in its retail portfolio. “These latest additions to Gage’s retail and cultivation portfolios enable the Company to broaden and solidify its position in the Michigan market,” said Fabian Monaco, CEO of Gage. “We look forward to bringing our world-class cannabis experiences to new communities through our increased retail locations. Gage is committed to investing in the communities in which it operates, and we will approach Flint and Burton with the same high level of integrity, focus on diversity, and dedication to offering a variety of quality products to provide the best cannabis experiences to the region’s patients and consumers.”

In Other News

Trulieve

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) announced today the opening of a new Florida dispensary, the Company’s 96th nationwide. The new 3,200 sq. ft. dispensary, located in Winter Haven, supports Trulieve’s goal of ensuring medical cannabis patients across Florida have safe, reliable access to the medications they rely on. The dispensary expands access throughout Central Florida, joining nearby locations in Lakeland and Sebring.

Emerald

Emerald Health Therapeutics, Inc. (CSE: EMH) (OTCQX: EMHTF) (“Emerald”) has introduced its new Fuse™ lifestyle brand and latest product line, the Nano Shot, a flavoured cannabis-infused beverage formulated with 10 mg of THC and a nanoemulsion formulation that assures consumers of a more predictable, rapid onset and shorter controlled duration of effects. Initial shipments of the beverage are available to consumers at licensed cannabis retailers and online in British Columbia and Manitoba, and are expected to be available in Alberta by month-end.


StaffJuly 21, 2021
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3min4560

Gage Growth Corp. (CSE: GAGE) has added two more provisioning centers (dispensaries) to its portfolio, which will be located in Flint and Burton, Michigan. The company now has 15 provisioning center locations in its retail portfolio.

“These latest additions to Gage’s retail and cultivation portfolios enable the Company to broaden and solidify its position in the Michigan market,” said Fabian Monaco, CEO of Gage. “We look forward to bringing our world-class cannabis experiences to new communities through our increased retail locations. Gage is committed to investing in the communities in which it operates, and we will approach Flint and Burton with the same high level of integrity, focus on diversity, and dedication to offering a variety of quality products to provide the best cannabis experiences to the region’s patients and consumers.”

Gage’s first retail dispensary in Flint will be located at 4174 W. Pierson Rd., a heavily trafficked area accessible to residents in Flushing and downtown Flint. Gage will also open a retail location in Burton, located at 1234 N. Center Rd. Gage’s portfolio includes city and state approvals for 19 “Class C” cultivation licenses, three processing licenses and 15 provisioning centers (dispensaries).

The company also announced it has entered into a contract grow agreement with a third-party Michigan cannabis license holder, adding its eleventh expected Contract Grower to the Company’s portfolio for the 2021 calendar year. The company said it expects to receive the product from the Contract Grower in the fourth quarter of this year in an amount of approximately 250 pounds of dried cannabis per month. As previously disclosed, Gage expects adding several more partners and expanding its total cultivation facilities by year-end to fourteen locations.

Completion of this transaction and the Company’s opening of storefront retail dispensaries in Flint and Burton are subject to state and local regulatory approvals.

 


StaffJuly 21, 2021
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3min5530

Empower Clinics (OTC: EPWCF) is selling its legacy cannabis assets for $1 million and said it plans to fully focus on its integrated healthcare business. The non-binding agreement outlines that Andrea Klein and Dustin Klein are buying Sun Valley Health Holdings LLC, Sun Valley Health Franchising, LLC, Sun Valley Health, LLC, Sun Valley Health West, LLC, Sun Valley Health Tucson, LLC, Sun Valley Health Mesa, LLC, Sun Valley Alternative Health Centers NV, LLC, and all subsidiaries.

“This transaction will allow Empower to complete the divestment of its legacy cannabis assets and focus on its integrated healthcare vision”, said Steven McAuley. “We also expect this divestment to allow Empower to engage with a different breadth of partners – such as banks, auditors and advertising companies – who had restrictions against engaging companies in the cannabis space”. The company stated that by selling the assets Empower will be able to pursue its integrated health plan through initiatives such as the national clinic expansion and Kai Care Testing Solutions, along with an aggressive acquisition strategy.

According to the company statement, the structure of the agreement is on a cash-free, debt-free basis wherein the consideration of $1 million and is to be settled by the transfer from the Kleins to, or as directed by, the Seller, of such number of common shares in the capital of Empower as is equal to $1 million.

Not long ago the company reported its earnings for the first quarter of 2021 with total revenues of $2,036,700 versus 2020 revenues of $789,135, representing 258% year over year growth. The company said that the increase over the prior year is attributable to the impact of COVID-19, along with the acquisition of Kai on October 5, 2020, partially offset by the reduction in patients visiting the Sun Valley Health clinics as a result of State legalization of cannabis in November 2020. In June 2021, Empower entered into a six-month pilot program with PharmaChoice to sell Kai Care saliva test kits. PharmaChoice is a fast-growing, independently owned Canadian Pharmacy network with more than 900 locations covering the PharmaChoice and RxHealthMed brands. Also in June, Empower signed a non-binding term sheet to acquire Medisure + Sure Canada Inc., a leading Canadian manufacturer of medical devices for patients managing diabetes.


StaffJuly 20, 2021
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4min5750

It’s time for your Daily Hit of cannabis financial news for July 20, 2021.

On The Site

Entourage

Entourage Health Corp. (formerly WeedMD Inc.) (TSX-V:ENTG) (OTCQX:WDDMF) announced preliminary unaudited revenues of $13.6 million for the three months ending June 30, 2021. The company said this was another sequential quarter of record sales growth across its adult-use and medical sales channels.

Clever Leaves

Clever Leaves Holdings Inc. (Nasdaq: CLVR) closed on $25 million in financing from Catalina LP, an affiliate of SunStream Bancorp Inc., a joint venture initiative sponsored by Sundial Growers Inc. (Nasdaq: SNDL). Clever Leaves also repaid the outstanding principal amount of the secured convertible notes due March 30, 2022. Clever Leaves also recently joined the Russell Microcap Index at the end of June.

Gage

Michigan-based Gage Growth Corp. (CSE: GAGE) has added another high-profile name to its dispensaries. A couple of weeks ago it was Wiz Khalifa and his brand, Khalifa Kush (“KK”) that Gage said it was going to develop and launch in the state of Michigan in an exclusive deal. Now Gage and Pure Beauty have entered into an exclusive five-year partnership agreement to launch Pure Beauty’s line of premium cannabis products in Michigan, pending Michigan. Pure Beauty is a California-based boutique cannabis brand that combines art, culture, and style with sustainable and social justice practices.

In Other News

Sundial

Sundial Growers Inc. (Nasdaq: SNDL) has closed its acquisition of the issued and outstanding common shares of Inner Spirit Holdings Ltd. (CSE: ISH) (OTCQB: INSHF) for consideration per Inner Spirit Share consisting of (i) $0.30 in cash and (ii) 0.0835 of a common share of Sundial. “The acquisition of the Spiritleaf cannabis retail network makes Sundial a stronger and more diverse cannabis company,” said Zach George , Chief Executive Officer of Sundial. “We are excited to work with the Spiritleaf team and franchise partners to further develop and optimize the store network in Canada and provide a clear path to sustainable profitability for Sundial. Spiritleaf has demonstrated the ability to grow its brand from coast to coast, and we plan to support this growth trajectory, enhance the use of data to make key business decisions, and provide an optimal product assortment to meet the diverse needs of Canadian cannabis consumers.”

GrowGen

GrowGeneration Corp . (NASDAQ: GRWG ) announced its acquisition of Aqua Serene, a southern Oregon -based hydroponic garden center with stores in Eugene and Ashland , Oregon.  Aqua Serene is one of Oregon’s largest indoor/outdoor garden center, with revenue of over $14 million annually.


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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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