It’s time for your Daily Hit of cannabis financial news for February 20th, 2020.
On the Site
Sol Global’s CannCure Takes Next Step For Reverse Takeover
SOL Global Investments Corp. (CSE: SOL) (OTCPK: SOLCF) portfolio company CannCure Investments has entered into a definitive business combination agreement with Goldstream Minerals Inc. The deal was previously announced in January and the companies are planning a reverse takeover of Goldstream by CannCure.
FDA’s CBD Budget Could Increase by $5 Million
President Trump’s proposed budget for fiscal year 2021, should he gain re-election and have the opportunity to present it to Congress, allocates an additional $5 million to the Food and Drug Administration specifically for further regulation and law enforcement pertaining to cannabis and cannabis-derived products. This is the first time that CBD has been mentioned in a federal budget proposal.
In Other News
National Access Cannabis Corp. Changes Name
Canadian cannabis retail giant, National Access Cannabis Corp. (TSXV: META), has announced that its shareholders have approved all resolutions that were put in front of them, including a special resolution to change the company name to Meta Growth Corp.
“Our name change allows us to align our corporate brand with our retail brand, and reflects the Company’s evolution from medicinal to recreational cannabis,” said Mark Goliger, CEO of Meta Growth.
Clever Leaves Launches New Platform
Multi-national cannabis operator, Clever Leaves, has launched a direct-to-business sales platform called Clever Leaves 360. The platform will offer medical-grade cannabis extracts and finished products for different industries throughout the world like cosmetics, pharma, consumer products, and pets.