This is your Marijuana Money Minute for the week ending July 9. It was a shortened trading week with markets closed on Monday for the 4th of July holiday. It was also fairly quiet for the cannabis industry.
Agrify Corporation (NasdaqCM:AGFY) entered into a definitive agreement with current customer Nevada Holistic Medicine for the build-out of their 12,400 square foot state-of-the-art facility that should result in about $12,000 in fees. The company has also signed a definitive Collaboration Agreement forming a long-term research and development partnership with Curaleaf Holdings. Agrify will supply its software platform for three years at Curaleaf’s primary R&D facility located in Massachusetts.
Gage Growth Corp. (CSE: GAGE) (OTC: GAEGF) now has an exclusive partnership agreement with multi-platinum-selling, GRAMMY Award and Golden Globe Award-nominated recording artist Wiz Khalifa’s brand, Khalifa Kush (“KK”), to develop and launch a line of premium cannabis products in the state of Michigan. Gage will be the exclusive producer, processor, and retailer of KK branded products in Michigan.
WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) is changing its name to Entourage Health Corp. over the next few months. The company said that throughout the transition it will continue doing business as Entourage Health Corp., its Health Canada license will continue under its wholly-owned subsidiary WeedMD RX Inc.
Terra Tech Corp. (OTCQX:TRTC) has changed its name to Unrivaled Brands following its completed merger with UMBRLA, Inc. As part of its rebranding, Terra Tech will start trading under its new ticker symbol, “UNRV”, on the OTCQX market at the market opening on Thursday, July 8, 2021.
Khiron Life Sciences (OTCQX: KHRNF) has agreed to sell 27 million units of the company for gross proceeds of $12 million.