California Marijuana

TORONTO – Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) (“Auxly” or the “Company”), a leading consumer packaged goods company in the cannabis products market, today announced that it has received an interim extension of the maturity date of the amended and restated credit facility between its wholly-owned subsidiary Auxly Leamington Inc. and a syndicate of lenders, led by the Bank of Montreal as administrative agent, until November 30, 2023. The Company and the lenders are working towards a formal credit amendment and longer-term extension although there can be no assurance that an agreement with the lenders will be reached. About Auxly Cannabis Group Inc. (TSX: XLY) Auxly is a leading Canadian consumer packaged goods company in the cannabis products market, headquartered in Toronto, Canada. Our focus is on developing, manufacturing and distributing branded cannabis products that delight our consumers. Our vision is to be a leader in branded cannabis products that delive...

CALGARY, AB  – High Tide Inc. announced today that it placed No. 38 on Report on Business magazine’s 2023 list of Canada’s Top Growing Companies. Report on Business is published by Canadian newspaper The Globe and Mail . Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. High Tide earned its spot with a three-year growth of 1,040%. This follows the Company’s 2022 ranking of 21st out of 430 companies, with a three-year growth rate of 1,970%. “Receiving this honour three years running is a testament to our ability to continue to execute our strategic plan, which recently resulted in High Tide becoming one of a select few publicly traded cannabis companies in North America to report positive free cash flow,” said Raj Grover, President and Chief Executive Officer of High Tide. “This three-year revenue growth rate was achieved without any bricks-and-mortar presence in the United States, the world’s largest and most lucrative cannabis market. ...

CHICAGO — Leafly, a leading cannabis discovery marketplace and resource, was named “Best Cannabis Tech Platform: B2C” as part of the 2nd Annual Benzinga Cannabis Awards. The yearly awards spotlight the standout trailblazers, advocates and innovators of the cannabis industry to celebrate their commendable achievements. Yoko Miyashita, CEO of Leafly, says this recognition is a testament to the focus and dedication of Leafly’s talented team, and ongoing investments to further establish Leafly as the one-stop-shop for consumers to connect with licensed retailers and brands in their area. “In the growing cannabis space, every company strives to connect with its customers. Leafly does this at the highest level by providing users with invaluable insights, research and more,” said Jason Raznick, Benzinga CEO. Leafly’s platform serves as a one-stop destination for cannabis products. Consumers use Leafly to make informed decisions about their purchases, browse local retailer menus, read revi...

BOSTON – Burns & Levinson will host its seventh annual “State of the Cannabis Industry” conference, which will focus on cutting-edge issues in the multibillion-dollar cannabis industry, on October 16, 2023, from 8:00 a.m. to 6:30 p.m. ET. The conference will be held at the Westin Waltham Boston. A live stream option will also be available. The conference will feature a wide range of national experts and industry leaders including an in-depth conversation with Joe Campanelli, Chairman, President and CEO of Needham Bank, one of the country’s most active lenders in the cannabis industry, and Jason Wild, Executive Chairman of TerrAscend, a pioneer in the cannabis industry. Other highlights include sessions on navigating restructurings, workouts and distressed M&A; accessing capital markets in a down market; and brand/branding strategies. A CEO roundtable will explore what keeps canna...

DENVER — Lifestyle Foods Inc., a marijuana infused products manufacturer that produces two of Colorado’s best-selling edibles brands, Ripple and Ript, is introducing proposed marijuana rule changes in Colorado to remove the requirement that all METRC tags contain RFID chips. This long-overdue proposal will save Colorado marijuana businesses millions of dollars annually without any risk to the public health or safety. METRC is the state-identified vendor for marijuana compliance tracking. Colorado marijuana licensees are required under current rules to use METRC RFID tags in every instance, from shipping containers, to product samples submitted for testing, to finished goods. RFID technology allows end users to wirelessly scan and identify tag information, similar to scanning a barcode. METRC currently charges all marijuana licensees $0.25 for each package RFID tag and $0.45 for each plant RFID tag. RFID technology, however, is rarely used for any purpose, and does nothing to further ...

NEW YORK  – Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading U.S. provider of consumer products in cannabis, announced today the pricing of its previously announced marketed offering (the “Offering”) of subordinate voting shares (the “Offered Securities”) of the Company at a price of C$6.00 per Offered Security. Canaccord Genuity, who is acting as the sole underwriter and bookrunner for the Offering, has agreed to purchase 2,700,000 Offered Securities from the Company for total gross proceeds to the Company of C$16,200,000. The Offered Securities will be offered in each of the Provinces of Canada, other than Québec, pursuant to a prospectus supplement to the Company’s base shelf prospectus dated December 30, 2022 (the “Prospectus”) and in the United States on a private placement basis to “qualified institutional buyers” pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as...

SEATTLE — Leafly, one of the world’s leading cannabis discovery marketplaces and resources, is proud to announce the launch of a new order application programming interface (API). This solution allows any cannabis point of sale (POS) system to take control of the integration process and seamlessly integrate with Leafly. Launched in beta earlier this year, this order API democratizes access to the Leafly platform and will provide POS providers with the tools and resources needed to effortlessly integrate Leafly orders into their existing point of sale systems. For retailers currently using a POS system without an available order integration with Leafly, this is a perfect time to advocate for this enhancement, said Jason Tartaglia, Leafly’s Senior Vice President of Product. “We’re thrilled to introduce our new order API, which will break down barriers to integration and improve accessibility for both our customers and business partners alike,” he said. “We look forward to working wit...

SAN FRANCISCO – Treez, a leading enterprise commerce technology platform that helps retailers accelerate revenue growth, drive better operational efficiency, and increase profits, today announced multiple advancements in financial offerings for their cannabis retail customers: TreezPay One Application, the launch of Swifter ACH Payments and PayLater Embedded Financing. These enhanced financial service offerings from Treez give retail dispensaries additional tools to help grow their business and normalize their consumer experience both online and in-store. All three updates to the Treez enterprise platform are now available to existing and future Treez customers. “Now more than ever, cannabis retailers need quick, easy and direct access to traditional fintech solutions including working capital and stable cashless payment options for their consumers,” said John Yang, Co-Founder and CEO of Treez. “With the launches of our TreezPay One App, Swifter ACH Payments and embedded financing wi...

WASHINGTON – The cannabis-friendly Secure and Fair Enforcement Regulation (SAFER) Banking Act is on its way to a floor vote in the Senate after the chamber’s banking committee passed the bipartisan legislation. The 14-9 vote represented the first time the Senate has addressed banking reform. The SAFER Act closely resembles similar legislation, the Secure and Fair Enforcement (SAFE) Act , that has passed the House with bipartisan support seven times. Both bills would provide “safe harbor” protections to financial institutions that serve state-legal cannabis businesses. Removing the threat of federal regulatory action might encourage banks, savings and loans, and other institutions not only to provide basic banking services to industry businesses but also issue loans and offer other financial instruments. “Regardless of how you feel about states’ efforts to legalize marijuana, this bipartisan bill is necessary,” said Senate Banking Committee Chairman Sherrod Brown (D-OH). “It will ma...

Microdose gummies and low-dose seltzers are often seen as an ideal entry point for first-time consumers, but they’re also becoming mood- and performance-enhancing substances for adults from all walks of life. In one limited study published in the Journal of Medical Case Reports , researchers found cannabinoid microdosing was effective for treating Alzheimer’s disease while preventing major side effects. “It is remarkable how a dose so significantly lower than those previously reported is able to consistently improve cognitive and noncognitive AD [Azlheimer’s disease] symptoms,” the study’s authors stated. “For instance, Sativex is normally administered up to 20 mg of THC per day, while the dosage here never exceeds 1 mg of THC per day…We emphasize this drastic difference in dose because we used cannabinoids with a microgram range, suggesting this could be the main reason why symptoms improved while no noticeable side effects were observed.” Microdosing can have positive effects on a ...

COSTA MESA, Calif. – Gold Flora Corporation, (“Gold Flora” or the “Company”) (NEO: GRAM), a leading vertically-integrated California cannabis company today announced an update on its post-merger restructuring and integration activities. Gold Flora has successfully completed the first phase of its cost-saving initiatives to maximize operating efficiencies and drive the Company to sustainable positive free cash flow. The Company has diligently and successfully accomplished targeted measures to streamline and integrate legacy operations into Gold Flora’s vertically-integrated platform. Integration includes significant reductions in marketing expenses, professional services, personnel expenses, and G&A expenses. In addition, the Company has nearly eliminated its reliance on third-party vendors for biomass, manufacturing, and distribution. Gold Flora has closed several non-profitable delivery locations and has optimized its real-estate footprint by exiting leases or, where attract...

TALLAHASSEE, Fla. —  Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company in the U.S., today announced the open market purchase of 57,000 of its USD $1,000 face value senior secured notes due October 6, 2026 (the “Notes”) for a purchase price of USD $47.6 million, which represents a 16.5% discount to par, plus accrued interest. The Notes trade on the Canadian Securities Exchange under the symbol “TRUL.NT.U”. This press release is for information purposes only and is not an offer to purchase, a solicitation of an offer to sell the Notes or any other securities of the Company. About Trulieve Trulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S., with leading market positions in Arizona, Florida, and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets thro...

The average person spends more than six hours online each day. Who has time to read magazines? It turns out a lot of people still appreciate print, as well as the ads within those publications, if they’re done well. Here are a few stats from News/Media Alliance’s 2022 Magazine Factbook that might just blow your mind: 122 print magazines were launched in 2021 (compared to just 60 in 2020). 92 percent of all paid magazine subscriptions were for single-copy print. 3 out of 4 magazine readers who see an ad take action. 88 percent of adults read a magazine in the past six months. Devoted magazine readers tend to have a higher household income. “We know print remains a powerful channel to reach consumers, and they trust and welcome recommendations from their favorite print and digital publications when they are looking for ways to improve their lives,” said Rebecca Frank, vice president for research and insights at News/Media Alliance . This is particularly great news for cannab...

STILLWATER, Minn. — According to Timothy L. McCullough inventor and owner of Vapor Cartridge Technology LLC. “ Vapor Cartridge Technology was designed to revive the legal cannabis market, and the place to start is California.” It starts with a new business model built on the concept of “Certified Cannabis Distilleries.” Just like some wineries which have no vineyards, they just process grapes into wine, “Certified Cannabis Distilleries” would have no farms they just process the cannabis into vapor cartridges. And they must source the cannabis crop form certified legal cannabis farms. The method for extraction was designed to be precise, very efficient, and very low cost. The method is called Thermal Distillation Coating and is described in full detail in this website: vaporcartridgetechnology.com. Each Vapor Cartridge contains a precise amount of full plant cannabis extracts in semi-solid oil form. The contents of which can then be vaporized using a patented FDA approvable drug deli...

VANCOUVER, BC, and TORONTO – BZAM Ltd. (the “Company” or “BZAM”) (CSE: BZAM) (US-OTC: BZAMF), a leading Canadian cannabis producer, is pleased to announce that it has implemented the final phase of its plan to unlock company-wide synergies following the merger of BZAM Holdings Inc. and The Green Organic Dutchman Holdings Ltd (the “Merger”). The plan has focused on: (i) eliminating redundant facilities, (ii) realigning the Company’s production activities across remaining sites to maximize efficiencies, and (iii) reducing selling, general and administrative (“SG&A”) expenses to achieve its goal of positive EBITDA. In particular, the implementation of this last phase results in focusing the scope of activities at its Pitt Meadows, BC facility and concentrating other activities at its Ancaster, ON facility, which together allow the Company to reduce headcount by more than 90 additional personnel. Highlights: Company anticipates Q3 net revenue of at least $20.3M (1...

EDMONTON, AB –   Aurora Cannabis Inc. (“Aurora” or the “Company”) (NASDAQ: ACB) (TSX: ACB), the Canadian company opening the world to cannabis, today announced that it has received approval to transfer the listing of its common shares (the “Shares”) from the Nasdaq Global Select Market to the Nasdaq Capital Market (the “Transfer”). The Transfer became effective at the opening of business on September 19, 2023, and is expected to allow the Company to seek an additional 180 days to regain compliance with the Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). Additionally, Aurora announced today, that it has agreed to repurchase an aggregate of approximately $13.0 million (US$9.6 million) principal amount of its convertible senior notes (“Notes”) at a total cost, including accrued interest, of $13.0 million (US$9.6 million) satisfied by the issuance of an aggregate of approximately 13.5 million Shares. Following completion of these repurchases, Aurora will hav...

For many operators in the industry struggling to survive, marketing has become all but an afterthought. It’s easy to play the blame game here: illicit markets, over-regulation, burdensome taxes, small teams, and an economic downturn—yikes! While the industry sorts out these growing pains, it certainly wouldn’t hurt if operators could find ways to grow their customer base and sell more products. This is where overlooked opportunities and low-hanging fruit in cannabis marketing come into play. What do outside marketers have to say about cannabis marketing? What advice and insights can industry stakeholders glean from the pros who are crushing it in other industries? Expanding your market reach One of the biggest pitfalls in cannabis marketing is believing the product will sell itself, or that the prime target demographic is everyone who smokes flower. These are big mistakes if you want to develop a business model that drives revenue in 2023. For every person who knows your brand,...