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MedMen Crisis Deepens: Leadership Shakeup as Stock Crashes to Zero

LOS ANGELES – MedMen Enterprises Inc., once considered a cannabis unicorn, may be facing the legendary creature’s fate after a dramatic plunge in valuation and the sudden exit of more key executives.  Chief Executive Officer Ellen Deutsch Harrison stepped down January 19 after less than seven months in the role. Hot on her heels, Executive Chairman Michael Serruya, whose private equity fund invested $100 million in MedMen in 2021, departed January 24. Their exits mark the latest in a series of rapid changes in the company’s executive suite since 2020. Once nicknamed “the Apple Store of weed” and credited with revolutionizing the dispensary experience, fourteen-year-old MedMen’s history is littered with executive turnover , financial missteps , and TMZ-worthy scandals . Co-founder Adam Bierman is among the former executives and investors who have sued the company, alleging fraud, financial mismanagement , and breach of contract, among other things. After Harrison’s and Serruya’s d
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Roanoke College announces new Cannabis Studies Program

SALEM, Va. — Roanoke College faculty voted Wednesday to approve the creation of a transdisciplinary Cannabis Studies Program that will allow students to obtain a Bachelor of Science in either the science of cannabis or the social justice and policy issues surrounding cannabis regulation. In launching this new academic program, Roanoke College will become the first institution of higher learning in Virginia – and one of only a handful on the East Coast – to offer a four-year degree in this rapidly growing field, positioning graduates for career success in an industry that is expected to reach at least $40 billion this year. “I commend the faculty for developing a transdisciplinary academic program that fills a significant educational gap,” said Kathy Wolfe, vice president for academic affairs and dean of the College. “With this program, Roanoke College continues to lead in science, policy, business and community engagement.” Roanoke College aims to guide the commonwealth to improve
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Bright Green Corporation to acquire platform technologies from C2 Wellness Corp.

GRANTS, New Mexico  – Bright Green Corporation (NASDAQ: BGXX) today announced the agreement to purchase assets from C2 Wellness Corporation, a Wyoming registered company with an address at 30 N Gould St, Ste R, Sheridan, WY, that owns certain platform technologies and associated intellectual property invented and developed by the scientific team of C2. The purchase is for 5 million shares of common stock of Bright Green Corporation payable to all shareholders of C2. The implementation of the transaction has been approved by the board of both companies. The primary assets relate to: Novel cannabinoid molecules and their associated intellectual property. Novel cannabinoid prodrugs, and their associated intellectual property. Novel proprietary cannabinoid formulations, designed to target lymphatic delivery, and their associated intellectual property. Novel proprietary nano-encapsulated cannabinoid formulations, in self dissolving polymers, and their associated intellectual property
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Trulieve Employees Unionize in First-Ever Election for AZ Cannabis Agriculture Workers

PHOENIX – On Thursday, January 25, workers at the Trulieve Cannabis Corp central Phoenix production facility voted 37-4 in favor of unionizing with the United Food and Commercial Workers Union (UFCW) Local 99. The successful union election at Trulieve Magnolia is the first for Arizona agricultural workers in the cannabis industry, and only the second-ever union election to be administered by the Arizona Agricultural Labor Relations Board (AERB). Established in 1993, the AERB’s statutes are patterned after the National Labor Relations Act, which specifically excludes agricultural workers from its jurisdiction. The last and only time workers petitioned for union recognition through the board was in the year 2000 when workers at the Eurofresh tomato hothouse in Willcox voted to join UFCW Local 99. Employees at the facility who were eligible to participate in Thursday’s vote included those in certain job classifications within the Cultivation and Post-Harvest departments. Followin
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Neatleaf Secures $4m in Funding Led by AgFunder

SANTA CRUZ, Calif.  — Neatleaf™, a first-of-its-kind cultivation management platform that uses data, AI, and robotics to help the cultivation industry manage their crops and improve their yields, has secured $4 million led by AgFunder, one of the world’s most active foodtech and agtech investors. The company’s flagship product, the Neatleaf Spyder, is a fully autonomous robotic platform that scans indoor cultivation crops generating millions of data points on plant health and growth metrics. This data is analyzed and turned into actionable insights for the cultivation team to assess, monitor, and remedy. “We believe that data is one of the most crucial tools a farmer can have today,” said Neatleaf Founder and CEO Elmar Mair. “Our AI-driven technology will save growers time and money but more importantly, allows them to grow healthier, more profitable crops through daily management and forecasting tools. This funding will allow us to increase production and deliver the benefits of auto
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240 Logistics Launches FlyWheel Platform

CHICAGO  — 240 Logistics (240L) has launched a groundbreaking technology solution for cannabis retailers that will synchronize the supply chain from seed to sale using data to streamline inventory management, improve sell-through rates, and optimize auto-replenishment. FlyWheel™ uses real-time insights to help retailers make informed decisions, improve cash flow, reduce the 280e tax burden, and mitigate the risk of slow-moving stock tying up valuable resources, all while integrating with state-specific compliance systems. As cannabis legalization expands across the U.S. and rescheduling discussions heat up, 240L is aggressively rolling out the platform to help brands position themselves in the growing market. The technology is currently available in California, Colorado, Nevada, New Jersey, Massachusetts, Mississippi, Michigan, Minnesota and Oregon. 240L will host an educational webinar and demonstration of FlyWheel on Wednesday, January 24, 2024 at 4:00pmEST. Interested participants
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High Tide Founder and CEO Raj Grover Makes Grow Up’s 2024 Top 50 Cannabis Leaders in Canada List

CALGARY, AB  – High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA) is pleased to announce that its Founder and CEO, Raj Grover, has made Grow Up’s 2024 Top 50 Cannabis Leaders in Canada list. The list, which was selected by Grow Up’s industry advisory committee, recognizes influential leaders in the cannabis industry who are trailblazers in the growth, development and innovation of the cannabis industry, and celebrates their dedication to elevate the industry. The full list is available at  Grow Up Top 50 . “I am honoured to be included in this list. This would not have been possible without the continuous hard work and dedication of the High Tide team. Our innovative mindset has resulted in our ability to achieve significant milestones in the five years since Canadian legalisation, despite broader industry challenges that have seen some of our peers fall by the wayside. Our success is also due to the loyalty and commitment of our customers, that continue to support our business in
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