The Daily Hit: February 20th, 2020

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.

Kaitlin Domangue

Kaitlin is a cannabis reporter for the Green Market Report, covering every angle of the industry. She also works directly with cannabis brands as a content marketer.

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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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