California Marijuana

SAN FRANCISCO — The global CBD skin care market size is expected to reach USD 8.62 billion by 2030, registering a CAGR of 31.5% over the forecast period, according to a new report by Grand View Research, Inc. The awareness regarding CBD-based skin care products has increased significantly over the last few years owing to their excellent medicinal properties. Key Industry Insights & Findings from the report: North America held the largest revenue share in 2022 owing to the easy production and trade of cannabis in the region. The masks & serums segment is projected to register the fastest growth rate during the forecast period owing to their easy application and fast results. E-commerce is estimated to register the fastest CAGR during the forecast period owing to the availability of a wide range of products at a single e-commerce platform or stores. Hemp-based CBD products are expected to maintain dominance over the forecast period owing to their rising popularity ...

COSTA MESA, Calif. — Budding Horizon, a California LLC, proudly announces the acquisition of Rodedawg International Industries, Inc. (OTC: RWGI). Budding Horizon, LLC is a management company for licensed cannabis dispensaries and distributors and intends to grow through acquisition of real estate and/or dispensaries or distribution centers. Christopher Swartz, CEO, states, “I am genuinely excited about this crucial step as we will add new management entirely focused to growing Rodedawg Intl. Ind. (RWGI) to achieving our goals of a multi-million-dollar corporation in year one. We will focus only on immediate or near-term revenue producing opportunities that allows Rodedawg to enter into the 6 billion-dollar California cannabis market.” In this acquisition, Budding Horizon, LLC has acquired the Special 2020 Series A Preferred share (control block) in exchange for 10% of Budding Horizon, LLC and will issue 10 million common shares of Rodedawg common shares to Critical Solutions, Inc. (O...

LOS ANGELES and DESERT HOT SPRINGS, Calif. — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, announces today the execution of a binding letter of intent (“LOI”), entered into on June 30, 2022, by the Company and Diagnostic Lab Corporation of Englewood Cliffs, New Jersey, (“DLC”) a diversified food and agriculture safety company, pursuant to which the Company and DLC will jointly recapitalize Grapefruit and raise $12.5 million of debt financing (including $5.5 million already committed from a qualified construction lender) to: 1. Complete construction of the Company’s “Mothership” cultivation, manufacturing and distribution facility in the Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park, located 14 miles north of downtown Palm Springs, California. 2. Acquire all of DLC’s assets for a to-be-determined amount of cash and Grapefruit common shares. 3. Fund the Company’s application for an FDA 5...

LAFAYETTE, Colo . – urban-gro, Inc. (Nasdaq: UGRO) (“urban-gro” or the “Company”), a fully integrated architectural, engineering and cultivation systems integration company focused on the indoor Controlled Environment Agriculture (“CEA”) market, today announced that it has signed a definitive agreement to acquire Emerald Construction Management Inc. (“Emerald C.M.”), a 37-year old Colorado-based construction management firm providing comprehensive construction and supervisory services, from initial design through final build-out. Emerald C.M. expects 2021 revenues of $26.5 million and adjusted EBITDA of $1.2 million. The total purchase price for the transaction, inclusive of a maximum $2.0 million contingent earnout, is $7.0 million. urban-gro will fund the transaction with a combination of $2.5 million in cash and up to $4.5 million in equity. The transaction is expected to close within 60 days, pending successful completion of due diligence, and the Company expects the acquisitio...