It’s time for your Daily Hit of cannabis financial news for March 5, 2020.
On The Site
Nutritional product company CBD Unlimited, Inc. (OTC PINK:EDXC) has acquired Kush Inc. a New York-based branding and development company for an undisclosed amount. Kush, Inc. builds brands through strategic marketing. The company said it will operate Kush as a new wholly-owned subsidiary. Charlie Mohr, the president and founder of Kush, will join CBD Unlimited full time.
Arizona-based CBD Unlimited made the acquisition as it has seen global interest in transitioning to natural products. Kush, Inc., owns kushwear.net and supports labels known for manufacturing, selling and distributing hemp-derived material and other bio-products that are sustainable.
Philly Flower Show
This week marks the annual Philadelphia Flower Show, the oldest and largest horticultural event in the US. While there won’t be any cannabis plants on display due to Pennsylvania state law, cannabis is still front and center at this year’s show, with a booth and educational sessions being run by the cannabis-focused marketing firm Chronic.
The Philadelphia Flower Show is the nation’s largest and longest-running horticultural event and features stunning displays by the world’s premier floral and landscape designers. Started in 1829 by the Pennsylvania Horticultural Society, the show introduces diverse and sustainable plant varieties and garden and design concepts. Thousands of people have traveled from around the world for this year’s event, as they do every year.
It all started last summer with an idea formed by Heather Diers and Pamela Trapp:
—HOW DO WE EDUCATE HEALTHCARE PROFESSIONALS ABOUT MEDICAL CANNABIS?
It was a big idea and it definitely got some traction in Indiana, culminating in this Aug 29, 2019 column by Shari Rudavsky for the Indianapolis Star titled Weed 101: Three Indiana women want to teach doctors about medical cannabis.
In Other News
A study published Thursday by the U.S. Centers for Disease Control and prevention confirms that at least some people with a vaping-linked lung injury used illicit marijuana products.
Researchers at the Wisconsin Department of Health Services report that teens who developed EVALI, or e-cigarette product use-associated lung injury, often obtain vaping cartridges through illicit or informal sources, according to a study published in the CDC’s Morbidity and Mortality Weekly Report.
Of the 3,000 or so EVALI cases since last year when the condition emerged across the country, more than 50 were reported in Wisconsin. EVALI is a severe respiratory illness linked with the use of vaping cartridges that contain vitamin E acetate. It can result in significant damage to the lungs, and has led to lung transplant and even death in some cases.
Khiron Life Sciences Corp. (TSXV: KHRN), (OTCQB: KHRNF) announced the Company has entered into an exclusive 2-year agreement with Farmacia Universal S.A.C. of Perú, a leading pharmacy chain and manufacturing laboratory based in Lima, to manufacture and distribute Khiron-branded medical cannabis magistral preparations in Perú.
“Khiron is currently the only Colombian Company with high-THC quotas for export purposes, including into Peru, and considers the country one of the key medical cannabis markets in Latam. Based on our regulatory expertise, Khiron has demonstrated an ability to work with the Peruvian regulatory framework and believes that it will be successful in securing additional permits.” Comments Andres Galofre, Khiron VP, Business Development. “Our clinics, with 120,000 patients, provide a model we can replicate in different jurisdictions, including Peru, subject to their regulatory framework.”