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Cresco Labs Announces Receipt of US$50 Million in Additional Non-Dilutive Funding from GreenAcreage for Sale-and-Leaseback of Lincoln IL Cultivation Facility

December 12, 2019

CHICAGO–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced the closing of an agreement (the “Agreement”) to sell its Lincoln, Illinois cultivation facility to GreenAcreage Real Estate Corp. (“GreenAcreage”), for USD$50 million. Concurrent with the closing of the sale, Cresco…

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MedMen Strengthens Balance Sheet, Provides Updated Guidance and Enhances Corporate Governance

December 11, 2019

LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) (“MedMen” or the “Company”), a leading cannabis retailer with operations across the U.S., today announced several financial arrangements and corporate updates that will strengthen the Company’s balance sheet and enhance overall corporate governance. Updates include: 1) the execution of financial agreements (“Financing Plan”), which includes US$37…

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ManifestSeven Appoints Hélène Blanchette as President of MyJane

December 11, 2019

IRVINE, Calif.–(BUSINESS WIRE)–ManifestSeven (“M7” and formerly known as MJIC), California’s first integrated omnichannel platform for legal cannabis, today announced the appointment of Hélène Blanchette as the new president of MyJane – M7’s retail subsidiary created by women, for women. Blanchette joins the company from Xerox Corp., where she served as global vice president of marketing…

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Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HEXO Corp.

December 11, 2019

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming January 27, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of HEXO Corp. (“HEXO” or the “Company”) (NYSE: HEXO) investors who purchased common stock between January 25, 2019 and November 15, 2019, inclusive (the “Class…

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Fluence Strengthens Sales and Operations Leadership, Appoints Horticulture Veteran Ron DeKok and Manufacturing Leader Thomas Lambe

December 11, 2019

AUSTIN, Texas–(BUSINESS WIRE)–Fluence by OSRAM (Fluence), a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and agriculture production, announced today the appointment of Ron DeKok as vice president of sales for the Americas. DeKok joins Fluence after more than five years as Signify’s director of North America for horticulture LED solutions. A…

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Applied DNA and Old Port Oil to Conduct First Pilot to Tag CBD Oil

December 11, 2019

STONY BROOK, N.Y.–(BUSINESS WIRE)–Applied DNA Sciences, Inc. (NASDAQ: APDN) (“Applied DNA”), a leader in Polymerase Chain Reaction (PCR)-based DNA manufacturing for product authenticity, traceability solutions and nucleic acid-based biotherapeutic development, announced today it will conduct a funded pre-commercial pilot to tag cannabidiol (CBD) oil for Old Port Oil, Company (“Old Port Oil”) using its CertainT®…

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Reflektive Survey: More Than Half of Your Employees Are Talking Politics at Work

December 11, 2019

SAN FRANCISCO–(BUSINESS WIRE)–American men are more willing to engage in political conversations with co-workers but also more likely to be affected by U.S. political volatility at work, according to new research released today by Reflektive, the leading performance management platform. The survey of more than 1,000 U.S. employees also revealed which topics Americans find most…

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HEXO Corp. Shareholder Class Action: January 27, 2020 Filing Deadline – Contact Lieff Cabraser

December 11, 2019

SAN FRANCISCO–(BUSINESS WIRE)–The law firm of Lieff Cabraser Heimann & Bernstein, LLP announces that class action litigation has been filed on behalf of investors who purchased or otherwise acquired the securities of HEXO Corp. (“HEXO” or the “Company”) (NYSE: HEXO) between January 25, 2019 and November 15, 2019, inclusive (the “Class Period”). If you purchased…

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M&A News: Cannabis One and ONE Cannabis Unite, Primed to Transform the Future of Cannabis

December 11, 2019

DENVER–(BUSINESS WIRE)–Cannabis One Holdings Inc. (CSE: CBIS) (“Cannabis One” or “CBIS”) and ONE Cannabis Group (“ONE”) announced today that they have entered into a definitive arrangement agreement to combine businesses. Both are cannabis leaders in their own right, their combined prowess creates a strong, national force among cannabis retail and product brands alike. Cannabis One…

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Stacey Abrams Establishes Southern Economic Advancement Project

December 11, 2019

ATLANTA–(BUSINESS WIRE)–Today, Stacey Abrams launched a new policy initiative to spur innovation and collaboration called the Southern Economic Advancement Project (SEAP), www.theSEAP.org. The project is founded by Stacey Abrams, a well-known national political and civic leader, entrepreneur and bestselling author. With deep Southern roots, Abrams has spent her political and private life addressing inequality issues.…

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Stem Holdings’ Yerba Buena™ Business Named as one of the 50 Top Cannabis Employers for the Second Year in Row

December 11, 2019

BOCA RATON, Fla.–(BUSINESS WIRE)–Stem Holdings, Inc. (OTCQB: STMH CSE: STEM), a leading vertically-integrated cannabis and hemp company with state-of-the-art cultivation, processing, extraction, distribution, and retail operations, is pleased to announce that its Yerba Buena business of Hillsboro, OR has been recognized by mg Magazine in its annual Top 50 Cannabis Employers report for the second…

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Tilray® Receives Additional GMP Certification at EU Campus Allowing for International Export of Finished Medical Cannabis Products

December 11, 2019

NANAIMO, British Columbia–(BUSINESS WIRE)–Tilray, Inc. (“Tilray” or “the Company”) (NASDAQ: TLRY), a global pioneer in cannabis research, cultivation, production and distribution, today announced its wholly-owned subsidiary Tilray Portugal, Unipessoal Lda. (“Tilray Portugal”) has received its Good Manufacturing Practice (GMP) certification in accordance with European Union standards, for its manufacturing facility in Cantanhede, Portugal. The GMP…

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