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Altria and Philip Morris International End Merger Discussions; Altria Provides Statement on JUUL Leadership Change; Tightens 2019 Full-year Earnings Guidance

September 25, 2019

RICHMOND, Va.–(BUSINESS WIRE)–Altria Group, Inc. (Altria) (NYSE:MO) today announced that merger discussions with Philip Morris International Inc. (PMI) (NYSE:PM) have ended. “While we believed the creation of a new merged company had the potential to create incremental revenue and cost synergies, we could not reach agreement,” said Howard Willard, Altria’s Chairman and Chief Executive Officer.…

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FSD Pharma Signs LOI to Establish Joint Venture with World-Class Extractions to Deploy Full Extraction Processing Center

September 25, 2019

TORONTO–(BUSINESS WIRE)–FSD Pharma Inc. (CSE: HUGE) (OTC: FSDDF) (FRA: 0K9) (“FSD Pharma”, “FSD” or “the Company”) today announced the signing of a letter of intent (“LOI”) to establish a joint venture (the “Joint Venture”) with the Company’s wholly-owned subsidiary, FV Pharma Inc. (“FV Pharma”), and World-Class Extractions Inc. (“World-Class”) (CSE: PUMP) (FRA: WCF) to develop,…

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ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Continues its Investigation of Securities Claims Against Sundial Growers Inc. – SNDL

September 24, 2019

NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Sundial Growers Inc. (NASDAQ: SNDL) resulting from allegations that Sundial may have issued materially misleading business information to the investing public. On August 1, 2019, Sundial closed its initial public offering (“IPO”),…

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Key Players, Advocates, Decision Influencers and Change Makers to Explore Social Equity Issues in California’s Cannabis Industry

September 24, 2019

IRVINE, Calif.–(BUSINESS WIRE)–One of the great “promises” of cannabis legalization is the idea that people of color–those most disproportionately and negatively impacted by the nation’s failed “war on drugs”–would have an opportunity to participate in and benefit from the new, legal cannabis industry. That idea is called “social equity.” Advocates have championed social equity as…

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The Arcview Group Welcomes Noted Entrepreneur, Investor, and “Shark Tank” Star Daymond John to Participate in NY Cannabis Investor Forum

September 24, 2019

SAN FRANCISCO–(BUSINESS WIRE)–The Arcview Group announced that noted empire builder, mentor and star of ABC’s “Shark Tank” Daymond John has agreed to join the “Ready to Invest?”™ session on the first day of the Arcview Investor Forum: The Evolution of Cannabis: 2020 in New York. The full event runs from Wednesday, Oct. 2 to Friday,…

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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE U.S. Cresco Labs Announces Closing of C$73.5 Million Underwritten Public Unit Offering

September 24, 2019

CHICAGO–(BUSINESS WIRE)–Cresco Labs Inc. (“Cresco Labs” or the “Company”) (CSE: CL) (OTCQX: CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, is pleased to announce the closing today of its previously announced public offering (the “Offering”). Pursuant to the Offering, the Company issued 7,350,000 units (the “Units”) at a price…

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Harvest and Falcon Together Certify Substantial Compliance with Second Request, Positions Company for Significant Revenue Growth in 2020

September 24, 2019

PHOENIX–(BUSINESS WIRE)–Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) (“Harvest”), a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., and Falcon International Corp. (“Falcon”), a California-based cannabis company with experience in cultivation, manufacturing, wholesale distribution and brand development, today have both certified substantial compliance with the Request…

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EVIO Inc. Provides Update on Status of Financials, Operations and Guidance on Company Outlook

September 24, 2019

HENDERSON, Nev.–(BUSINESS WIRE)–EVIO Inc. (the “Company” or “EVIO”) (OTCQB:EVIO) provides an update on fiscal 2018-2019 financial statements and outstanding quarterly results, highlights and clarifies on current operations, and provides guidance on future growth. Financial Statements In February 2019, the Company transitioned to a new auditor, BF Borgers CPA PC, in order to assist and facilitate…

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Vertical Wellness Names Chief Financial Officer

September 24, 2019

LOS ANGELES–(BUSINESS WIRE)–Following an extensive search, Vertical Wellness announced today it has appointed John Philpott as Chief Financial Officer. Vertical Wellness (VWEL) is a leading multi-national vertically integrated brand company in the Hemp-based CBD industry. Headquartered in California, Vertical Wellness has operations in Arizona, California and Kentucky. VWEL has over 2,500 acres of hemp growing…

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Eaze Launches Momentum, a Cannabis Business Accelerator to Cultivate the Growth and Success of Underrepresented Founders

September 24, 2019

SAN FRANCISCO–(BUSINESS WIRE)–Cannabis marketplace Eaze and partners Ultranative and Bail Capital today announced the launch of Momentum, a business accelerator to cultivate the growth and success of underrepresented cannabis business founders. Access to capital is one of many enormous barriers for new entrepreneurs in the cannabis industry. The Momentum program is a small but important…

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Docklight Brands Announces Plans to Unveil New CBD-Infused Beverages, Chocolates, and Skin Care Products at NACS Show 2019

September 24, 2019

SEATTLE–(BUSINESS WIRE)–With Marley Mellow Mood CBD tea as the highlight, Docklight Brands, a pioneering consumer brand company, announced today that the company is unveiling a new portfolio of lifestyle CBD beverages, confections and skin care products at the 2019 National Association of Convenience Stores Show in Atlanta at booth #5860 on October 1-4, 2019. Docklight…

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MedMen Continues Florida Expansion With Three New Store Openings

September 24, 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 announces the opening of three new locations in the state of Florida: St. Petersburg, Key West and Pensacola. The Company now has four operational stores in Florida, with eight additional store openings…

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