The Daily Hit is a recap of the top cannabis business stories for April 7, 2022.
On the Site
Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) has closed its acquisition of Nevada-based NuLeaf, Inc. in a deal valued at $53.6 million. NuLeaf operates two high-performing adult use and medical retail dispensaries in the Las Vegas area and one in Lake Tahoe. NuLeaf also owns a third licensed retail dispensary located directly on the Las Vegas Strip that is expected to open in the second quarter. The company also has a 27,000 sq. ft. cultivation facility in Sparks, NV, and a 13,000 sq. ft. processing facility in Reno, NV. Read more here.
According to the U.S. Census Bureau, the rate of new housing starts in the U.S. hit 1.769 million in February of 2022, the highest since June 2006 despite material shortages, supply chain issues, and cost-of-living spikes. The US hemp building industry is riding this wave by moving forward in its efforts to certify hemp and lime (often referred to as “hempcrete”) insulation in U.S. building codes. On January 10, the U.S. Hemp Building Foundation submitted an appendix in the International Residential Codes to familiarize the U.S. permitting departments with hempcrete. During the final week of March, the International Code Council approved Proposal_RB316-22 for the International Residential Code, which is the ICC’s first step toward adopting hempcrete as an officially recognized building material. Read more here.
In Other News
American Green, Inc.
American Green, Inc. (ERBB:OTC) president David G. Gwyther announced today that the company is developing its cryptocurrency: The American GreenBack™ American Green recently executed a binding letter of intent to acquire VendWeb and has completed the second cash payment as part of that binding (LOI). Read more here.
Himalaya Technologies, Inc.
Himalaya Technologies, Inc. p/k/a known as Homeland Resources Ltd. (US OTC: HMLA) is pleased to announce that its Form 10-12G A-4 has been accepted by the SEC and, as a result, its stock will go effective as registered security allowing for electronic trading as OTC Pink current. Read more here.
MariMed, Inc. (OTCQX: MRMD) (“MariMed” or the “Company”), a multi-state cannabis operator focused on improving lives every day, today announced that it has filed a preliminary non-offering long-form prospectus (the “Prospectus”) with the securities regulatory authorities in the Provinces of Ontario and British Columbia. Read more here.
Body and Mind
Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) , a multi-state US cannabis operator, is pleased to provide an update on operations. Read more here.