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Revolution Global To Mentor Black-Owned-And-Operated Cannabis Business In Chicago

Revolution Global, a multi-state cannabis company, started 2020 by announcing a new partnership with Organic Urban Revitalization Solutions (OURS), a black-owned-and-operated business breaking into the cannabis cultivation, dispensary, and retail space.

Revolution will provide mentorship on capital raises, licensing applications, and best practices for operating medical cannabis dispensaries and adult-use stores. The company explained it recognizes the many barriers to starting a cannabis business, especially for black entrepreneurs, who have less access to capital.

This partnership is part ...

Full story available on Benzinga.com


Canopy Growth Delays THC Beverage Launch Date

Canopy Growth Corporation (TSX: WEED), (NYSE: CGC) said Friday it has made significant progress toward scaling the production process for its cannabis beverages, but it is extending out the date by which the beverages will reach the market. 

The company had previously said the products would reach the market in early January. 

The company obtained the license for its beverage facility in late November, and said it has been working on bringing the production process to commercial scale. 

Canopy is enthusiastic about the underlying beverage science and its ability to scale production and introduce high-quality cannabis beverages to the market, the company ...

Full story available on Benzinga.com


Cannabis Suppositories 101: An Intro To An Effective And Efficient Way To Consume Marijuana

By The Fresh Toast's Maria Loreto, provided exclusively to Benzinga Cannabis.

Cannabis suppositories have earned support thanks to their effective and fast acting relief.

For the uninitiated, the use of cannabis suppositories sounds like something that’s on the fringe of things. Don’t be fooled though. Despite the fact that you’re putting weed up your butt, this method of consumption has been hailed as some of the most effective ways of obtaining fast acting medicinal relief.

There are many ways of ingesting cannabis, but a large portion of them produce either unwanted effects that are challenging to manage (like edibles) or aren’t completely absorbed once administered (like smoked cannabis). Suppositories sit somewhere in between these two, producing strong yet manageable effects and ensuring that most of the cannabis in them goes to use.


Hexo Shares Fall On News Of $20M Registered Direct Offering

HEXO Corp (TSX: HEXO) (NYSE: HEXO) announced Friday it has signed a definitive agreement with institutional investors for the purchase and sale of 11.98 million common shares at a price of $1.67 per share for gross proceeds of $20 million before fees and other costs. 

The company will issue to the investors common share purchase warrants with a five-year term to buy 5.99 million Hexo common shares at an exercise price of $2.46 per share.

The sole placement agent for the offering ...

Full story available on Benzinga.com


Curaleaf Says Grassroots, Select, ATG Acquisitions On Track

Curaleaf Holdings, Inc. (CSE: CURA) (OTC: CURLF) issued an update Friday on three acquisitions: Cura Partners, Inc., Alternative Therapies Group and GR Companies Inc.

All the demands for the closing of the proposed acquisition of Cura Partners, aka Select, have been met, except for a license transfer in Oregon, Curaleaf said. Both companies are collaborating with state regulators to obtain approval and expect to close the deal no later than Feb. 1.  

Benzinga's Cannabis Capital Conference returns to Miami Feb. 24-25 ...

Full story available on Benzinga.com


Cannabis Media Company The Fresh Toast Expands Again, Announces It's Now Cash Positive

The Fresh Toast, a media company focusing on cannabis and other topics, announced Friday that it has entered cash positive territory following the signing of its first medical engagement contract.

Founder and publisher JJ McKay told Benzinga two more contracts of this nature are in the pipeline. The Fresh Toast "engages healthcare professionals with education, online discussions, direct messages and other trusted communication vehicles," he said.

The company boasts high engagement rates and mainstream customers including Pfizer (NYSE: PFE), Merck (NYSE: MRK) and other companies in the health care space.

The Fresh Toast said it works with 80% of U.S. practicing physicians, 80% of clinical investigators and 900,000 other healthcare professionals on medical marijuana.

The company plants to expand its base and add interaction with brick-and-mortar physicians’ offices in the U.S. and Canada in the second quarter of 2020.

Benzinga's Cannabis Capital ...

Full story available on Benzinga.com


TerrAscend Obtains New Jersey Cultivation Permit

Cannabis company TerrAscend Corp. (CSE: TER) (OTC: TRSSF) announced Thursday that TerrAscend NJ, LLC has obtained a permit from the New Jersey Department of Health to grow medical cannabis.

Its cultivation permit was the second out of the six applicants selected by the state agency in December, the company said. Growing operations will start right away at its facility in Boonton Township, TerrAscend said. 

TerrAscend obtained the right to apply for a vertically integrated permit to cultivate, process and dispense medical marijuana in New Jersey. The company was chosen from 146 candidates ...

Full story available on Benzinga.com


Will Cannabis Topicals Dominate The Canadian Cannabis Market? Data Suggests They Will

By


What You Need To Know About Whoopi Goldberg's Cannabis Ventures

By Melanie Erbar.

Whoopi Goldberg has always been a fan of cannabis, since her youth, when she would use it to relieve her menstrual cramps. 

Fast forward to 2020, and Goldberg’s interest in cannabis has translated to a female-run business. The medical cannabis company Whoopi and Maya launched four years ago.

While other Hollywood celebrities like Snoop Dogg, Seth Rogen or Mike Tyson have presented the public with medical cannabis products of their own, the award-winning actress’ take on the substance is inherently female-centric, making her stand out in an ever-expanding market.

The cannabis company — which she founded in April 2016 together with Maya Elisabeth, creator ofOM Edibles creator and winner of multiple Cannabis Cups, — offers a wide variety of carefully crafted products for relief of common women’s health issues like menstrual and muscle cramps, inflammation and stress.

See Also: Jim Belushi Takes On Your Blues With His Pot

Although many state legislatures still don’t consider dysmenorrhea, or menstrual cramps, to be a real medical condition that warrants access to medical marijuana, the global female population likely disagrees. And with nobody else on the market targeting this issue, Whoopi and Maya made it their tagline. But make no mistakes: Goldberg and Elisabeth offer a lot more to the market, ...

Full story available on Benzinga.com


Halo Labs Plans Acquisition Of North Hollywood Dispensary Applicant, Retail Management Company

Halo Labs Inc. (NEO: HALO) (OTC: AGEEF) said Thursday it has signed two letters of intent regarding the planned acquisition of 66.67% interest in a North Hollywood cannabis dispensary applicant and 100% interest in Crimson & Black, a retail management company, and leasehold for a total combined payment of $11.5 million.

Once specific performance milestones are met, Halo said it will pay for the acquisition in the form of its common shares.

For $11.5 million, Halo said it will attain a controlling interest in planned flagship dispensary LKJ11 LLC, with the potential to create a delivery service for Studio City, ...

Full story available on Benzinga.com


Gynica And Lumir Labs Partner Up To Find Marijuana-Based Endometriosis Treatment

Gynica, a company that focuses on clinically proven cannabis-based solutions in the field of women's health, developing optimal therapeutic results based on innovative technology and understanding of the pharmacological effects of different cannabinoids and compounds, targeted to specific female-related diseases, is collaborating with Lumir Lab, a research and development lab focused on cannabinoids, to find a cannabis-based treatment for endometriosis.

Who Is Gynica?

The Gynica team is led by the President of the European Association of Perinatal Medicine, ...

Full story available on Benzinga.com


CannTrust Provides Default Status Report

VAUGHAN, ON, Jan. 16, 2020 /CNW/ - CannTrust Holdings Inc. ((", CannTrust", or the ", Company", , TSX:TRST, NYSE:CTST) today provided a status update in accordance with its obligations under the alternative

VAUGHAN, ON, Jan. 16, 2020 /CNW/ - CannTrust Holdings Inc. ((", CannTrust", or the ", Company", , TSX:TRST, NYSE:CTST) today provided a status update in accordance with its obligations under the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders ("NP 12-203"), which require the Company to provide bi-weekly updates until such time as the Company is current with its filing obligations under Canadian securities laws. As previously announced, the Company is subject to a management cease trade order ("MCTO") issued by the Ontario Securities Commission. The MCTO prohibits the directors and executive officers of the Company from trading in or acquiring securities of the Company until two full business days after the Company files an interim financial report for the three and six month periods ended June 30, 2019, an interim management's discussion and analysis for the corresponding period and certifications of interim filings. The MCTO does not affect the ability of investors who are not insiders to trade in the Company's securities.

CannTrust Holdings Inc. (CNW Group/CannTrust Holdings Inc.)

CannTrust also advised that, as of December 31, 2019, the Company had a cash balance of approximately $175 million.

CannTrust further noted that:

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Full story available on Benzinga.com


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