When it came to cannabis regulations, the people hoped for something sensible, inclusive of the craft market. Instead, BC made the transition process so difficult, complicated and expensive that few small businesses could manage it….
KELOWNA, BC, April 16, 2020 /CNW/ – Valens GroWorks Corp. (TSX: VLNS) (OTCQX: VLNCF) (the “Company“, “Valens” or “The Valens Company“) is a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products. The…
DENVER, April 22, 2020 /PRNewswire/ — Green Sage, LLC celebrates Earth Day 2020 by announcing their commitment to sustainability and ecological intelligence in all their cannabis real estate development projects. Their aim is to set a positive course for product, process design, and development in a way that will allow both natural products and technical systems to support the diverse living population on earth while considering materials as assets, not liabilities.
With a heavy heart, the official statement was released yesterday to announce the beloved Shambhala Music Festival will be postponed until July 2021. After weeks of uncertainty, the official announcement to postpone the festival has…
NEW YORK and TORONTO, April 22, 2020 /PRNewswire/ – iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN, OTCQX: ITHUF), which owns, operates, and partners with regulated cannabis operations across the United States, is responding to a request from the Investment Industry Regulatory Organization of Canada (IIROC) regarding online media reports with respect to the Company’s Strategic Alternatives Review Process.
TEL AVIV, Israel, April 22, 2020 /PRNewswire/ — Prof. Dedi (David) Meiri, Chairman and CSO of CannaSoul and Nadav Eyal, Co-founder and CEO of Eybna Technologies Ltd, announced today the companies have jointly engaged in a mutual assays of CannaSoul’s (through its Myplant-Bio subsidiary) Cytokine Storm Assay and Eybna’s Novel NT-VRL(TM) formulation dedicated for treatment and prevention of viral infections – specifically for high-risk populations and treatment of actively ill patients.
LOS ANGELES, April 22, 2020 /PRNewswire/ — Ojai Energetics announces its 100% USDA Organic Certification, making it the only water-soluble CBD rich hemp elixir on the market to get the coveted certification. While Ojai Energetics products, including their CBD Elixir, have always been made using organically-grown plants, the entire product is now officially certified organic, ensuring the highest standards of cultivation.
East Orlando Site is Company’s 20(th) Florida Dispensary and 3(rd) in Orlando Metro Area
LOS ANGELES, April 22, 2020 /PRNewswire/ — International Cannabrands Inc. dba Radiko Holdings (CSE: RDKO) (the “Company”) wishes to announce the settlement and withdrawal of the respective legal actions between the Company and its 51% subsidiary La Vida Verde, Inc. (“LVV”). Steve Gormley, CEO of the Company commented: “I’m happy to report that Radiko Holdings, (formerly International Cannabrands) and La Vida Verde have resolved our dispute outside of court. I am grateful to the leadership at LVV for their willingness to settle this matter internally and for their commitment to the success of their company and in turn the organization as a whole. I think this settlement reflects a true alignment of the parties’ interests and is structured for success.”Bryce Berryessa, President and Co-Founder of LVV commented: “My team and I remain committed to the success of La Vida Verde and to its partnership with Radiko Holdings. I am glad to be moving forward with a collaborative spirit and am eager to execute on a shared vision that positions us both for growth.”The settlement agreement dated April 21, 2020, provides for the rescission of the September 19, 2018 agreement and defines the path forward for the two companies. The Company’s 51% ownership interest of LVV has been confirmed and the Company has renewed its commitment to invest a total of US$700,000 in the capital of LVV (the “Capital Investment”) over the course of the next several months, with the final payment US$300,000 to be made by September 30, 2020. In lieu of the outstanding notes of US$1.2 million due to LVV shareholders, the shareholders of LVV have agreed to an earnout, and will obtain this compensation as a percentage of LVV’s future earnings as cash flow permits. As security for the payment of the Capital Investment, the Company has agreed to pledge approximately 16% of LVV. In addition, Julie Brooks, currently COO of LVV, will ascend to the CEO position of LVV, and be granted Board Observer status for the Company’s Board of Directors, along with Bryce Berryessa, President of LVV. The Company’s representation on the Board of LVV will remain the same as the original agreement, with two members on the LVV Board.Steve Gormley concluded, “I am thrilled to see Julie step into this pivotal role and look forward to leveraging her extensive expertise across some of the Company’s other opportunities. Ms. Brooks brings 33 years of manufacturing, logistics, and distribution experience, and has spent 19 years in leadership roles with an industry focus in food, pharmaceuticals, and agriculture, and an advanced focus in regulatory compliance. er experience and expertise will be vital to our growth as we go forward.”