Public Archives - Green Market Report

StaffSeptember 8, 2021
iStock-1274394138-scaled.jpg?fit=1200%2C625&ssl=1

2min23040

Akerna, the parent company to MJ Platform, announced a new offering, Akerna Connect, this month.   

Akerna Connect is a mobile marketing platform for cannabis retailers that provides marketers with a suite of tools that are both effective and easy to use. Akerna Connect empowers operators with responsive online menus, mobile ordering, and loyalty rewards and enables them to communicate directly with consumers’ mobile phones and devices for a variety of different applications such as marketing campaigns and order reminders. 

Unlike many eCommerce offerings, Akerna Connect is designed to be customizable and brand-able so that the consumer accessing the dispensary/brand’s menu will only see the company’s branding, not “Akerna Connect” – furthering that company’s brand recognition with their consumer base.     

While POS systems like MJ Retail provide dispensaries with a smooth in-store experience, Akerna Connect gives them the ability to engage with customers after leaving the facility.  

For both the consumers shopping at dispensaries and retailers offering Akerna Connect, the software will keep them updated on store promotions, place orders online, and engage with staff in real-time. 

Dispensaries running the software have already seen success from the platform.   

“The tools that Akerna Connect provides our dispensary are game-changing. Akerna Connect is a central component of our marketing strategy that drives our foot traffic daily. We trust that our text messages and promos reach our customers’ phones when and how we expect them to, and the eCommerce tools help us provide a continuous brand experience after the customer leaves our building,” said Natalia Rivera, President of Emerald Cannabis Wellness Center.

 


StaffAugust 16, 2021
Ray-Thompson-Akerna-COO-scaled.jpg?fit=1200%2C1011&ssl=1

6min18870

Ray Thompson is the Chief Operations Officer at Akerna. He has 15+ years of corporate management experience including operations, sales, and talent management. From 2008 to 2016, Ray served as the Senior Vice President of VisionLink, a multiagency humanitarian software platform. From 2016-2018, Ray was Head of Customer and Sales Operations at Gloo, a people development platform. With 20+ years experience in software systems, Ray specializes in meeting the unique needs of high growth technology companies and helping them scale. Ray has an MBA from University of Denver.

GMR Executive Spotlight Interview Q&A:

Title:

Chief Operating Officer (COO)

Company:

Akerna 

Years at current company:

3

Most successful professional accomplishment before cannabis:

Before Ray’s work in cannabis, he was part of the team that launched e-commerce for large brands like Vitamins.com and Whole Foods Market. During this time, Ray and his team pioneered many e-commerce features, including 1-click ordering, auto-refills and subscribe & saves, setting the standard when the industry was still nascent and paving the path for the e-commerce giants of today.

Company Mission: 

We are passionate about solving problems that better our world. Akerna provides data-driven cannabis solutions worldwide across the entire cannabis supply chain. Our technology empowers the cannabis industry to prove outcomes that positively change lives every day. 

Company’s most successful achievement: 

Our CEO, Jessica Billingsley, co-founded the company that invented seed-to-sale tracking in 2010. This was done upon identifying the need for organic material tracking and compliance SaaS solutions in the nascent cannabis industry. We recognized that due to the unique complexities and needs of the industry, cannabis needed technology built for it specifically, not just adapted from other industries. We believed visibility across the entire supply chain from seed-to-sale would be a requirement for the industry’s sustained growth. Today, this type of tracking is a requirement of most states that regulate legal cannabis.  

In 2017, we launched MJ Platform, the cannabis industry’s first ERP in response to the maturing of the cannabis market to multi-state enterprise businesses. We also led international expansion in the cannabis technology sector very early on in 2012 in Canada then into Spain. Today, our total footprint spans 23 states and 15 countries. Innovation and seeing what opportunities are next on the horizon – and then being ready for them first – has been a hallmark of Akerna since the inception of our flagship product MJ Freeway.   

In 2019, Akerna became the first cannabis software business to be traded on a major U.S. exchange, Nasdaq (ticker KERN). This listing was an unprecedented milestone for the cannabis industry and signified a shift in beliefs and generated ripples of opportunity for the future of the industry.    

Since then, we have grown the Akerna family to include many leading cannabis and alcohol technology solutions: Ample Organics, Last Call Analytics, Leaf Data Systems, MJ Freeway/MJ Platform, solo sciences, Trellis, and Viridian Sciences.  

Today, Akerna is the cannabis industry’s only scaled technology provider, enabling compliance, regulation, and taxation. We provide the single most comprehensive product ecosystem for cannabis operators that have businesses across any part of the supply chain, from seed-to-sale. This provides transparency and accountability along virtually every piece of the supply chain.   

Over the past decade, we have seen much change in the political and social environments surrounding cannabis. As we prepare for a post-legalization landscape and the industry continues to consolidate and mature, we firmly believe the enterprise capabilities we offer, including comprehensive compliance solutions and financial reporting integrations, will become increasingly crucial to the future leaders of the cannabis industry.    

Has the company raised any capital (yes or no):  

Yes 

If so, how much? 

Since going public Akerna has raised $22,000,000 

Any plans on raising capital in the future? 

 We feel we are well capitalized today and continue to have institutional support and access to the markets should the need arise.  We are always carefully evaluating the needs of the business to maximize long-term shareholder value.  

Most important company 5 year goal: 

To be the dominant provider of technology to the cannabis, hemp, and CBD industries, while also serving additional verticals by providing complete accountability and transparency to what consumers are putting in and on their bodies. 

 


StaffAugust 6, 2021
John-Fowle-Akerna-CFO.jpg?fit=500%2C400&ssl=1

6min21950

Throughout his career, Fowle has overseen several divisions such as finance, business operations, business intelligence, and monetization operations. Before joining Akerna, he served as CFO for REV360, a SaaS and business services company, and as vice-president and controller for WELLTOK. While at WELLTOK, Fowle led the successful diligence and integration of six acquisitions valued at over $230 million. Fowle is a certified public accountant. He holds an MBA from the University of California, Irvine, and a Bachelor of Science Degree in Business Administration from the University of Southern California.

GMR Executive Spotlight Interview Q&A:

Title:

Chief Financial Officer (CFO)

Company:

Akerna

Years at current company:

Two

Most successful professional accomplishment before cannabis:

People are the most important asset in any business. From my tenure in Fortune 500 to my time in emerging growth, I have mentored and managed many individuals, with varied backgrounds, across North America, Europe, the Middle East, and Asia.  To see them develop both personally and professionally and move on to have highly successful professional careers, and to know I played a part of that, is by far my greatest professional accomplishment.

Company Mission: 

We are passionate about solving problems that better our world. Akerna provides data-driven cannabis solutions worldwide across the entire cannabis supply chain. Our technology empowers the cannabis industry to prove outcomes that positively change lives every day. 

Company’s most successful achievement: 

Our CEO, Jessica Billingsley, co-founded the company that invented seed-to-sale tracking in 2010. This was done upon identifying the need for organic material tracking and compliance SaaS solutions in the nascent cannabis industry. We recognized that due to the unique complexities and needs of the industry, cannabis needed technology built for it specifically, not just adapted from other industries. We believed visibility across the entire supply chain from seed-to-sale would be a requirement for the industry’s sustained growth. Today, this type of tracking is a requirement of most states that regulate legal cannabis.  

In 2017, we launched MJ Platform, the cannabis industry’s first ERP in response to the maturing of the cannabis market to multi-state enterprise businesses. We also led international expansion in the cannabis technology sector very early on in 2012 in Canada then into Spain. Today, our total footprint spans 23 states and 15 countries. Innovation and seeing what opportunities are next on the horizon – and then being ready for them first – has been a hallmark of Akerna since the inception of our flagship product MJ Freeway.   

In 2019, Akerna became the first cannabis software business to be traded on a major U.S. exchange, Nasdaq (ticker KERN). This listing was an unprecedented milestone for the cannabis industry and signified a shift in beliefs and generated ripples of opportunity for the future of the industry.    

Since then, we have grown the Akerna family to include many leading cannabis and alcohol technology solutions: Ample Organics, Last Call Analytics, Leaf Data Systems, MJ Freeway/MJ Platform, solo sciences, Trellis, and Viridian Sciences.  

Today, Akerna is the cannabis industry’s only scaled technology provider, enabling compliance, regulation, and taxation. We provide the single most comprehensive product ecosystem for cannabis operators that have businesses across any part of the supply chain, from seed-to-sale. This provides transparency and accountability along virtually every piece of the supply chain.   

Over the past decade, we have seen much change in the political and social environments surrounding cannabis. As we prepare for a post-legalization landscape and the industry continues to consolidate and mature, we firmly believe the enterprise capabilities we offer, including comprehensive compliance solutions and financial reporting integrations, will become increasingly crucial to the future leaders of the cannabis industry.    

Has the company raised any capital (yes or no):  

Yes 

If so, how much? 

Since going public Akerna has raised $22,000,000 

Any plans on raising capital in the future? 

 We feel we are well capitalized today and continue to have institutional support and access to the markets should the need arise.  We are always carefully evaluating the needs of the business to maximize long-term shareholder value.  

Most important company 5 year goal: 

To be the dominant provider of technology to the cannabis, hemp, and CBD industries, while also serving additional verticals by providing complete accountability and transparency to what consumers are putting in and on their bodies. 

 


StaffAugust 4, 2021
Nina-Simosko-Akerna-CCO.jpg?fit=700%2C608&ssl=1

6min20180

Nina Simosko is Akerna’s Chief Commercial Officer (CCO). With more than 20 years’ experience in bringing strategic innovation to companies such as Oracle, SAP, and most recently, NTT Group, Nina is extremely well suited to her current role with Akerna. She oversees all of the company’s revenue generation streams, builds strategies to drive revenue growth, and plays a pivotal role in aligning revenue generation processes across the entire organization.

GMR Executive Spotlight Interview Q&A:

Title: 

Chief Commercial Officer (CCO)

Company: 

Akerna

Years at current company: 

Two

Most successful professional accomplishment before cannabis:

At the time, I was the only female CEO to serve at NTT Group, a $110B consortium with 325,000 employees. NTT is a provider of fixed and mobile voice related services, Internet Protocol and packet communications services.

Company Mission: 

We are passionate about solving problems that better our world. Akerna provides data-driven cannabis solutions worldwide across the entire cannabis supply chain. Our technology empowers the cannabis industry to prove outcomes that positively change lives every day. 

Company’s most successful achievement: 

Our CEO, Jessica Billingsley, co-founded the company that invented seed-to-sale tracking in 2010. This was done upon identifying the need for organic material tracking and compliance SaaS solutions in the nascent cannabis industry. We recognized that due to the unique complexities and needs of the industry, cannabis needed technology built for it specifically, not just adapted from other industries. We believed visibility across the entire supply chain from seed-to-sale would be a requirement for the industry’s sustained growth. Today, this type of tracking is a requirement of most states that regulate legal cannabis.  

In 2017, we launched MJ Platform, the cannabis industry’s first ERP in response to the maturing of the cannabis market to multi-state enterprise businesses. We also led international expansion in the cannabis technology sector very early on in 2012 in Canada then into Spain. Today, our total footprint spans 23 states and 15 countries. Innovation and seeing what opportunities are next on the horizon – and then being ready for them first – has been a hallmark of Akerna since the inception of our flagship product MJ Freeway.   

In 2019, Akerna became the first cannabis software business to be traded on a major U.S. exchange, Nasdaq (ticker KERN). This listing was an unprecedented milestone for the cannabis industry and signified a shift in beliefs and generated ripples of opportunity for the future of the industry.    

Since then, we have grown the Akerna family to include many leading cannabis and alcohol technology solutions: Ample Organics, Last Call Analytics, Leaf Data Systems, MJ Freeway/MJ Platform, solo sciences, Trellis, and Viridian Sciences.  

Today, Akerna is the cannabis industry’s only scaled technology provider, enabling compliance, regulation, and taxation. We provide the single most comprehensive product ecosystem for cannabis operators that have businesses across any part of the supply chain, from seed-to-sale. This provides transparency and accountability along virtually every piece of the supply chain.   

Over the past decade, we have seen much change in the political and social environments surrounding cannabis. As we prepare for a post-legalization landscape and the industry continues to consolidate and mature, we firmly believe the enterprise capabilities we offer, including comprehensive compliance solutions and financial reporting integrations, will become increasingly crucial to the future leaders of the cannabis industry.    

Has the company raised any capital (yes or no):  

Yes 

If so, how much? 

Since going public Akerna has raised $22,000,000 

Any plans on raising capital in the future? 

 We feel we are well capitalized today and continue to have institutional support and access to the markets should the need arise.  We are always carefully evaluating the needs of the business to maximize long-term shareholder value.  

Most important company 5 year goal: 

To be the dominant provider of technology to the cannabis, hemp, and CBD industries, while also serving additional verticals by providing complete accountability and transparency to what consumers are putting in and on their bodies. 

 


StaffAugust 4, 2021
shutterstock_1741173719-scaled.jpg?fit=1200%2C800&ssl=1

4min11880

Jessica Billingsley, Chief Executive Officer and co-founder of Akerna, was announced as the Chair of the newly formed US Cannabis Council, a coalition of organizations, businesses, and individuals seeking to end federal prohibition of cannabis and create an equitable, values-driven cannabis industry in the United States. 

The USCC aims to raise ethical standards within the industry, achieve restorative justice for communities that have been disproportionately impacted by misguided state and federal cannabis policies, and create a healthy, inclusive, and well-regulated cannabis industry with social, financial, and environmental benefits shared by all.  

The USCC credited Billingsley’s leadership experience in the cannabis industry for her unanimous appointment. Billingsley was the first cannabis technology CEO to list on the Nasdaq, invented seed-to-sale tracking for the industry, won exclusive contracts for Washington, Pennsylvania, and Utah’s cannabis regulatory track-and-trace programs, and has engaged with members of Congress on cannabis reform for nearly a decade.  

“Billingsley is a proven leader who will elevate our voice for cannabis reform and an equitable, values-driven cannabis industry,” said Steven Hawkins, USCC CEO. “Her extensive background working in the cannabis industry and with the government will greatly assist USCC in reforming cannabis policy and advancing an equitable, well-regulated cannabis industry in all fifty states. 

“I am honored by this appointment and look forward to continuing my work with the USCC’s diverse collection of cannabis leaders striving to push forward critical and meaningful policy change in US cannabis,” said Jessica Billingsley, Akerna CEO and new Chair of the USCC Board. “A crucial part of the legalization process is to address the harms incurred by the mostly Black and brown populations who have served criminal convictions and prison sentences due to nonviolent marijuana offenses. We must, and we will fight for change.” 

USCC’s founding members represent the broadest group of organizations and people in the cannabis industry seeking to end federal prohibition. The group includes Acreage Holdings, Akerna Corp., American Trade Association of Cannabis and Hemp, Association for Cannabis Health Equity and Medicine, BellRock Brands, Buckeye Relief, Cannabis Trade Federation, Canopy Growth Corporation, Central Coast Agriculture (CCA), Columbia Care Inc., Cresco Labs Inc., Cronos Group, Culta, Curaleaf, DNA Genetics, Eaze, Flowhub, Global Alliance for Cannabis Commerce, Good Chemistry, The Grove Cannabis Dispensary, Headcount’s Cannabis Voter Project, Husch Blackwell, iAnthus Capital Holdings, Inc., Jushi, Keef Brands, Lightshade, LivWell Enlightened Health, Marijuana Policy Project, Medicine Man, MedMen, Native Roots Cannabis Co, 1906 New Highs, PAX Labs, PharmaCann, ProKure, Schwazze, Scotts Miracle-Gro Company, Urbn Leaf, Veterans Cannabis Project, Vicente Sederberg LLP, Vireo Health, and Wana.

 


StaffJuly 28, 2021
David-McCullough-6178-crop-1.jpg?fit=755%2C753&ssl=1

6min11390

Prior to being appointed CTO of Akerna, David McCullough served as Akerna’s Executive Vice President of Product & Engineering, overseeing all software development, development operations, quality assurance, automations, systems, and security operations. He has 16 years of Software Engineering experience. Before joining Akerna, he was the CTO of StudentPublishing.com, where he actively managed the technical aspects of Student Publishing’s sale to and systems integration with lulu.com. David has extensive government systems experience and was also a professor at New Mexico State University where he taught courses in data communications and networking. 

 

GMR Executive Spotlight Interview Q & A:

 

Title:

Chief Technology Officer (CTO)

Company:

Akerna

Years at current company:

Six

Most successful professional accomplishment before cannabis:

Before David’s work in cannabis, he invented an online self-publishing software that allows schools and children to create and publish books online to be published as physical books and returned to the writer.

Company Mission:

We are passionate about solving problems that better our world. Akerna provides data-driven cannabis solutions worldwide across the entire cannabis supply chain. Our technology empowers the cannabis industry to prove outcomes that positively change lives every day.

Company’s most successful achievement:

Our CEO, Jessica Billingsley, co-founded the company that invented seed-to-sale tracking in 2010. This was done upon identifying the need for organic material tracking and compliance SaaS solutions in the nascent cannabis industry. We recognized that due to the unique complexities and needs of the industry, cannabis needed technology built for it specifically, not just adapted from other industries. We believed visibility across the entire supply chain from seed-to-sale would be a requirement for the industry’s sustained growth. Today, this type of tracking is a requirement of most states that regulate legal cannabis.

In 2017, we launched MJ Platform, the cannabis industry’s first ERP in response to the maturing of the cannabis market to multi-state enterprise businesses. We also led international expansion in the cannabis technology sector very early on in 2012 in Canada then into Spain. Today, our total footprint spans 23 states and 15 countries. Innovation and seeing what opportunities are next on the horizon – and then being ready for them first – has been a hallmark of Akerna since the inception of our flagship product MJ Freeway.

In 2019, Akerna became the first cannabis software business to be traded on a major U.S. exchange, Nasdaq (ticker KERN). This listing was an unprecedented milestone for the cannabis industry and signified a shift in beliefs and generated ripples of opportunity for the future of the industry.

Since then, we have grown the Akerna family to include many leading cannabis and alcohol technology solution s: Ample Organics,  Last Call Analytics,  Leaf Data Systems,  MJ Freeway/MJ Platform, solo sciences, Trellis, and Viridian Sciences.

Today,  Akerna is the cannabis industry’s only scaled technology provider, enabling compliance, regulation, and taxation. We provide the single most comprehensive product ecosystem for cannabis operators that have businesses across any part of the supply chain, from seed-to-sale. This provides transparency and accountability along virtually every piece of the supply chain.

Over the past decade, we have seen much change in the political and social environments surrounding cannabis. As we prepare for a post-legalization landscape and the industry continues to consolidate and mature, we firmly believe the enterprise capabilities we offer, including comprehensive compliance solutions and financial reporting integrations, will become increasingly crucial to the future leaders of the cannabis industry.

Has the company raised any capital (yes or no): 

Yes

If so, how much?

Since going public Akerna has raised $22,000,000

Any plans on raising capital in the future?

 We feel we are well capitalized today and continue to have institutional support and access to the markets should the need arise.  We are always carefully evaluating the needs of the business to maximize long-term shareholder value. 

Most important company  5  year  goal:

To be the dominant provider of technology to the cannabis, hemp, and CBD industries, while also serving additional verticals by providing complete accountability and transparency to what consumers are putting in and on their bodies.


StaffJuly 28, 2021
Doobie-Press-Release-Bag-v2.png?fit=1200%2C727&ssl=1

5min9020

Doobie now provides cannabis delivery service to medical marijuana patients throughout the St. Louis market.

As more states open up to cannabis retailers, the natural progression is to offer delivery services. Doobie, a leading on-demand cannabis delivery platform, announced that it is expanding delivery services to medical marijuana patients in Missouri, a state where medical marijuana is legal. 

In partnership with JANE Dispensary, located in St. Louis, Doobie will be the first company to provide medical marijuana delivery in the state. Doobie’s co-founder Joseph Rubin says, “We’re proud to be the first delivery company to provide medical marijuana to patients in Missouri. Finding a partner like JANE, who has the best selection of products in the state, makes it that much more exciting.” Missouri is part of Doobie’s expansion plan, which includes Boston, New York and Los Angeles.

Since Missouri is a medical market, having delivery available will provide a significant benefit to patients that aren’t able to easily leave the house or are uncomfortable going into a dispensary. Doobie provides delivery in an easy, discreet, and safe way to get patients their medicine. Patients can view their favorite products through an online platform at trydoobie.com or get recommendations from Doobie customer service consultants over the telephone at 1-888-8DOOBIE (1-888-836-6243). 

The online platform at trydoobie.com is a streamlined, mobile-optimized shopping experience. You can browse popular products by category or brand, and if there are any questions, Doobie expert cannabis consultants are available via chat and phone. After checkout, you can track your delivery in real time, just like when you order from your favorite restaurants. 

Before ordering, patients must have a Missouri marijuana card, which may take around 4 to 6 weeks to receive. Patients must meet certain health requirements and receive a completed Physician Certification Form from a licensed doctor in person or online from companies like Elevate Holistics, Heally, or Missouri Marijuana Card. After the visit, patients must then register for the Missouri Medical Marijuana Program using the online Complia application  portal. The Physicians Certification for Medical Cannabis Form will need to be submitted via the application portal on the Missouri Department of Health and Senior Services’ online registry along with a $25 fee. The Missouri State Health Department will mail you a Missouri medical card within 30 days.

Due to Missouri medical marijuana regulations, all cannabis orders must be paid for before they go out for delivery. Doobie and JANE use an electronic payment service called Hypur that provides a cashless option that is safe, convenient, and reliable. Hypur is simple to use and eliminates the hassle of cash.

Doobie delivery service is available in many cities and counties throughout the St. Louis area including Saint Louis City, Saint Louis County, Saint Charles County, Franklin County, Jefferson County, Warren County and Lincoln County, and Doobie is offering free delivery through the end of August. 


Debra BorchardtMarch 23, 2021
Trulieve3.jpg?fit=960%2C720&ssl=1

5min16500

Trulieve Cannabis Corp. (OTCQX: TCNNF) announced revenue grew 111% to $168.4 million for the fourth quarter ending December 2020 versus last year’s revenue of $79.7 million for the same time period. This beat the average analyst estimate for $162 million according to Yahoo Finance. Trulieve‘s net income fell 75% to $3 million for the quarter versus $12.2 million for the same time period in 2019. 

For the full year, Trulieve delivered revenue of $521.5 million, representing year-over-year growth of 106%. For the full year, the company reported a net income of $63.0 million resulting in full-year earnings per share of $0.53 on a fully diluted basis. Absent the revaluation of our debt warrants, an impact of $42.7 million for the year, adjusted net income would have been $105.7 million resulting in earnings per share of $0.89 on a fully diluted basis, which beat estimates by $0.38.

“2020 was a year of foundational growth that sets the stage for what we expect will be an exciting and transformational year of national expansion. We had an excellent fourth quarter with strong financial performance capping off our highest annual revenue, net income and Adjusted EBITDA year to date. Our results reflect the outstanding work we’ve accomplished as a company and our focus on continuous improvement. Our full-year Adjusted EBITDA in 2020 was nearly equal to our prior year revenue,” stated Kim Rivers, Trulieve CEO.

Trulieve also reported that its 2020 Adjusted EBITDA of $251.0 million, was a year-over-year growth of 99%. The adjusted EBITDA of $78.2 million in the fourth quarter was an increase of 19% from the third quarter. The company delivered $99.6 million in cash flows from operations for the year.

Outlook

Based on Trulieve’s markets, current regulations, and foreseeable store growth, the company estimates 2021 revenues in the range of $815 million to $850 million, and $355 million to $375 million in adjusted EBITDA. Guidance for 2021 incorporates a full year of operations from Trulieve’s  Pennsylvania operations, continued growth in Florida as well as the Company’s Massachusetts, Connecticut, and California locations.

Operational Highlights

The company listed the following operational achievements in a statement:

  • Approved to start growing plants at our Tier 9 facility in Holyoke by the Cannabis Control Commission in Massachusetts.
  • Expanded national footprint in the Northeast with closings of the acquisition of Solevo Wellness, adding three operational dispensaries in Pennsylvania, and PurePenn, a cultivator and processor supplying wholesale product to 100% of dispensary operations in the state.
  • Entered a 6 th state with the award of a processor permit by the West Virginia Office of Medical Cannabis and four dispensary permits subsequent to year-end. Announced a Definitive Agreement for the acquisition of Mountaineer Holding, LLC, a West Virginia company that holds a cultivation permit and two dispensary permits, resulting in a vertical platform.
  • Opened 11 new retail dispensaries in the fourth quarter, ending the year with 75 stores in the U.S. Added over 200,000 square feet of cultivation facilities during 2020, ending the year with almost 2 million square feet of cultivation facilities, to support this explosive growth of new stores.
  • Ended 2020 with a 49% market share in oil and 53% market share in flower in the state of Florida and achieved record flower and oil sales at the end of December, selling 93.7M mgs of oil and 36,330 ounces, or over one ton of flower.

StaffDecember 17, 2020
0-5-scaled.jpeg?fit=1200%2C365&ssl=1

3min10700

Zelira Therapeutics Ltd (ASX:ZLD, OTCQB:ZLDAF), a leader in cannabis research and the development of clinically validated cannabis medicines, just announced its newest licensing agreement for its HOPE™ line of products, Zelira’s top-selling treatment developed for autism patients. Under the agreement with Alternative Solutions, a licensed grower, manufacturer and distributor of medical cannabis products in the District of Columbia (Washington DC), HOPE™ will be produced and distributed throughout the legal DC medical cannabis market beginning in Q2 2021.

“We are thrilled to have Alternative Solutions as a partner to launch HOPE™ in the nation’s capital,” says Dr. Oludare Odumosu, CEO & Managing Director USA for Zelira. “They are a leader in the DC medical cannabis market, and this partnership will allow legal access of HOPE™ to more patients across the country than ever before.”

Odumosu notes that this agreement with Alternative Solutions signifies HOPE’s largest expansion to date; because Washington DC has reciprocity with 32 other states in the US with approved medical cannabis programs, patients registered in those states are able to legally purchase medical cannabis products at an approved dispensary in Washington DC.

HOPE™ was formulated by Zelira Therapeutics and is the brainchild of Erica Daniels, founder of Hope Grows for Autism, a nonprofit aimed at improving the lives of families affected by autism through research, education and advocacy of medical marijuana. HOPE™ is currently available in the United States in Pennsylvania, through an exclusive license agreement with Ilera Healthcare, and in Louisiana, through an agreement with Advanced Biomedics LLC.


StaffDecember 2, 2020
shutterstock_1431673145-scaled.jpg?fit=1200%2C800&ssl=1

4min13870

SprinJene and its partner Zelira Therapeutics (ASX: ZLD, OTCQB: ZLDAF) today officially launch their new CBD oral care line. In September, we reported on their partnership announcement and the future launch of their new hemp-derived CBD oral care line. The companies said their product would be available by Q4 of 2020. In a press release the companies announced the first product from its line will be available on Monday, December 7th at SprinJene.com.

This new launch already expands upon SprinJene’s premium natural oral care products which are Gluten-Free, Cruelty-Free, Vegan, Kosher, USDA Bio-preferred, and Halal oral care. The New Jersey based company which recently received its first ADA (American Dental Association) seal of acceptance for its Fresh Boost toothpaste. The formula for SprinJene products holds a patented formula of zinc and black seed oil, which together can provide relief from dry mouth, control tartar growth, and deliver long-lasting oral freshness. Black Seed oil and zinc have been shown to fight gingivitis (gum disease) and reduce gum inflammation. Their products are nationwide and can be found in such retails as Costco, Bed Bath & Beyond, and VitaCost and online at Walmart.com and Amazon.

Dr. Sayed Ibrahim, CEO of SprinJene said, “Our brand is built on harnessing the power of natural ingredients to protect and improve our oral health, and CBD, with its inherent anti-inflammatory, antibacterial and homeostatic properties are shown to be powerful tools in that fight.”

In its release, the company said research shows that incorporating CBD into oral/dental care results in health benefits such as: naturally eliminating decay-causing bacteria, reducing gum inflammation, restoring pH balance and increasing remineralization, reducing bone loss associated with gum disease, and helping to improve overall health.

SprinJene’s formulation was created with Zelira and uses hemp-derived broad-spectrum, THC-free CBD, unlike other brands that use hemp seed oil with no CBD. With their unique formulation which includes black seed oil as well, consumers will receive the benefits of CBD with no psychoactive “feeling of high” effects.

“We are thrilled to enter the national oral care market alongside our remarkable partner. SprinJene shares our values of aligning nature and science,” said Dr. Oludare Odumosu, Zelira’s CEO & Managing Director (USA).  “As you can see SprinJene continues to innovate and with this expansion, consumers will receive the benefits of the effectiveness of CBD and other cannabinoids improving our health from head-to-toe.”

 


Don't Miss This Week's Groundbreaking News

Join the thousands of subscribers who stay informed with GMR's exclusive news briefs delivered directly to your inbox every Friday afternoon.

We respect your privacy. See our privacy policy.


About Us

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


READ MORE



Recent Tweets

@GreenMarketRpt – 8 hours

Running a little late today but here’s your

@GreenMarketRpt – 20 hours

Nevada schools have received $159 million from cannabis taxes in FY21. @ShopPlanet13…

@GreenMarketRpt – 21 hours

Pretty scary results on Delta-8 products by The latest from

Back to Top

Don't Miss This Week's Groundbreaking News

Join the thousands of subscribers who stay informed with GMR's exclusive news briefs delivered directly to your inbox every Friday afternoon.

We respect your privacy. See our privacy policy.