2019 Cannabis Business Award's Publication of the Year |
WEDNESDAY, APRIL 10, 2024 |
FLORIDA SUPREME COURT SAYS YES!! |
FMCPG HAS BEEN SERVING
AND REPRESENTING THE CANNABIS PHYSICIAN COMMUNITY SINCE 2020 |
REGISTER FOR TONIGHT'S MEETING WEDNESDAY, APRIL 10, 2024 AT 6:30PM
THE "FLORIDA MEDICAL CANNABIS PHYSICIAN GROUP" (FMCPG)
FOR ALL "MEDICAL MARIJUANA DOCTORS" AND "MMTC DIRECTORS ONLY "
TOPICS TO BE DISCUSSED PLANNING OF OUR "2024/2025 LEGISLATIVE PRIORITIES" SPECIAL GUEST: LEADERSHIP FROM "TRULIEVE "
WILL TALK ABOUT ADULT USE IN FLORIDA. DISCUSSION TOPICS:
ADULT USE ON THE BALLOT IN NOVEMBER
HOW WILL THIS AFFECT YOUR PRACTICE AND PATIENTS? THE HEMP BILL: WHAT'S NEW QUESTIONS FROM PHYSICIANS UPDATE ON RFE'S
HOW TO BEST ANSWER YOUR PATIENT QUESTIONS MEMBERS OF THE FLORIDA MEDICAL CANNABIS PHYSICIANS GROUP EMAIL CHARLES FELIX AT charles@cannabisnewsflorida.com FOR THE MEMBER DISCOUNT CODE FOR THIS YEARS FLORIDA MEDICAL CANNABIS CONFERENCE & EXHIBITION |
MEDICAL CANNABIS PHYSICIAN
PROMOTION PACKAGE BY CANNABIS NEWS FLORIDA ARTICLE: Physician will contribute an article of 350 words**. This article will appear in the Cannabis News Florida e-newsletter for one month (4 weeks).
E-MAIL BLAST: Cannabis News Florida will send out one e-mail blast promoting the Physician to the other physicians in three zip code areas or one city to be determined by the Physician. The Physician will supply the information for the email blast. The Article above can be used in the e-mail blast.
The cost of this program is ONLY $500.
**Cannabis News Florida will assign a writer for a telephone interview with the Physician and create the article to be published. Physician shall have the right to review and approve the article before publication for an additional cost of $100.
IF YOU ARE INTERESTED, PLEASE EMAIL ME AT CHARLES@CANNABISNEWSFLORIDA.COM OR CALL MY CELL AT 954-605-4785 |
NEWS FROM THE PAST WEEK RELATING TO THE BUSINESS OF
MMTC'S IN FLORIDA
Click on Company Logo to be Transferred to Web Site |
THE CANNABIST COMPANY ANNOUNCES NEW MULTI-STATE RETAIL, MANUFACTURING AND WHOLESALE PARTNERSHIP WITH WOMEN-LED BRAND, FLOWER BY EDIE PARKER
Collaboration Brings the Brand to Six New Markets and Features Launch of New Edibles Line in Four Markets
April 4, 2024– The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the largest and most experienced cultivators, manufacturers, and retailers of cannabis products in the U.S., announced today a partnership with Flower by Edie Parker, a leading female-founded and operated cannabis lifestyle brand. The Cannabist Company will introduce Flower by Edie Parker’s premium cannabis products, including pre-rolls, vapes, and edibles, to six new markets: Arizona, California, Colorado, Delaware, Florida, and Virginia, and launch a new line of edibles in Illinois, Massachusetts, New Jersey and New York.
The partnership will be the first to introduce Flower by Edie Parker, known for merging the worlds of fashion and flower, to customers and patients in these six new markets. The launch will include the brand’s stylish and conversation-sparking ‘Petal Puffer’ all-in-one vape, 510 thread vape cartridges, ‘Best Buds’ Twin Pack Pre-Rolls, and edibles. The partnership will also launch Flower by Edie Paker’s cannabis-infused edibles in Massachusetts, Illinois, New Jersey, and New York.
READ MORE |
FLORIDA’S PREMIER MEDICAL MARIJUANA PROVIDER FLUENT™ EXPANDS WITH NEW DISPENSARY IN DAYTONA BEACH
First Location in the Region Offering Convenient Walk-In and Drive-Thru Services for Medical Cannabis Patients
TAMPA, Fla., April 05, 2024 — Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) (“Cansortium” or the “Company”), a vertically-integrated, multi-state cannabis company operating under the FLUENT™ brand, today announced the opening of its first location in Daytona Beach, marking the company’s 35th dispensary in Florida. Patients with a valid medical marijuana card and ID can now explore FLUENT’s sought-after selection of premium cannabis products, including flower, concentrates, edibles, tinctures and more.
“Our new storefront in the vibrant city of Daytona Beach exemplifies our dedication to creating a seamless and convenient patient experience,” said Robert Beasley, CEO of FLUENT. “Up until now, coastal residents would have to travel up north to Jacksonville or south to Cocoa to reach a FLUENT dispensary. This expansion demonstrates our efforts to enhance cannabis accessibility for Floridians.”
READ MORE |
INTERVIEW BY CHARLES FELIX WITH PETER GALLAGHER , CO-FOUNDER & CEO AND SARA SULLIVAN VP OF RETAIL DEVELOPMENT EXPERIENCE AND OPERATIONS FROM INSA CANNABIS – MARCH 2024 |
PLANET 13 ANNOUNCES GRAND OPENING DATE FOR DAZED! LOUNGE AT THE WORLD’S LARGEST DISPENSARY – DESIGNED TO ELEVATE THE CANNABIS CONSUMPTION EXPERIENCE
LAS VEGAS, NV / April 5, 2024 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNH) (“Planet 13” or the “Company“), a leading vertically-integrated multi-state cannabis company, today announced its much anticipated consumption lounge, DAZED! will open at its flagship SuperStore in Las Vegas on April 5, 2024. DAZED! is a first-of-its-kind, 3,000 square foot, high-end consumption lounge featuring VIP booths, expertly crafted canna-cocktails, and top-tier entertainment.
“This is an exciting moment for Planet 13, for Las Vegas, and for the cannabis industry. DAZED is a first-of-its-kind cannabis entertainment venue that is trailblazing a new path,” said Larry Scheffler, Co-CEO of Planet 13. “Since the inception of Planet 13, we’ve been driven by the conviction that cannabis should be more than just a product-it should be an immersive experience. We live by the mantra: ‘We want to out-Vegas, Vegas.’ I can’t wait until we open the doors to DAZED! to consumers from around the world, providing them with the opportunity to immerse themselves in the unparalleled experience we’ve meticulously crafted for their enjoyment.”
READ MORE |
NATIONAL AND INTERNATIONAL NEWS |
Information from Viridian Capital Advisors, LLC – www.viridianca.com
April 4, 2024- The week’s most prominent debt deal was the $34M debt deal completed by Florida-based Sunburn LLC with AFC Gamma. Sunburn is private, and its financials are not available, but this week’s credit screen looks at the nine MSOs with Florida presence and ranks them in terms of credit quality. The ordering at the top will surprise few observers, with GTI, Trulieve, Planet 13, and Verano taking the top four slots.
Perhaps more controversial, the bottom four in decreasing order of credit quality are Cresco, Cansortium, AYR, and Cannabist. Cannabist is the worst-ranked credit based on our multivariable leverage ranking. It has the worst Liabilities / Market cap, the second worst liabilities to assets, the second worst annualized funds from operation/liabilities, and the worst 2023 EBITDA/ Liabilities. The bottom leverage ranking combined with the lowest profitability rating and a seventh-place size rating secures Cannabist a bottom rank. Cansortium vs AYR is a more challenging call, but our model gives the nod to Cansortium based on its lower leverage and better profitability. AYR has better size (and diversification) and liquidity. Our credit scoring has the two within a single point of each other.
READ MORE |
SPRINGBIG LAUNCHES ’20 DAYS OF 4/20′ CAMPAIGN TO EMPOWER CANNABIS DISPENSARIES WITH CUSTOMER RETENTION STRATEGIES
The campaign strives to offer daily insights and recommendations for dispensaries to maximize the business impact of 4/20.
BOCA RATON, Fla., March 28, 2024 — Springbig, a leading provider of vertical SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, is thrilled to announce its latest initiative, the “20 Days of 4/20” campaign. This comprehensive campaign is positioned to enhance customer engagement strategies for dispensaries while fostering enduring brand relationships.
Scheduled to coincide with the upcoming celebration on April 20th, “20 Days of 4/20″ is designed to equip dispensaries and other cannabis businesses with invaluable insights and actionable strategies for sustaining business growth during and after the 4/20 holiday. Springbig will deliver daily recommendations aimed at empowering dispensary owners, managers, and marketers to prioritize retention and solidify brand loyalty among their customers.
READ MORE |
TILRAY BRANDS, INC. REPORTS Q3 FISCAL 2024 FINANCIAL RESULTS
Achieved Net Revenue of $188 Million, ~ 30% Net Revenue Growth Over the Prior Year Quarter
Beverage-Alcohol Net Revenue Increases 165% Over the Prior Year Quarter, 5th Largest Craft Beer Brewer in the U.S.1 with 4.5% Craft Beer Market Share
Global Cannabis Net Revenue Increases 33% with International Cannabis Growth of 44% Over the Prior Year Quarter, #1 Market Share in Canada and #1 Market Share in Germany
U.S. Cannabis Strategy in Place to Strike with Potential Drug Policy Reform
NEW YORK and LEAMINGTON, Ontario, April 09, 2024 — Tilray Brands, Inc. (“Tilray”, “our”, “we” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today reported financial results for its third quarter ended February 29, 2024. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated.
Financial Highlights – 2024 Fiscal Third Quarter
-Net revenue of $188.3 million increased ~30% in the third quarter compared to $145.6 million in the prior year quarter. -Gross profit was $49.4 million, while adjusted gross profit increased 17% to $51.6 million in the third quarter. Gross margin was 26% and adjusted gross margin was 27%.
READ MORE |
MARIMED CLOSES ACQUISITION OF SECOND MARYLAND DISPENSARY
NORWOOD, Mass., April 09, 2024- MariMed Inc. (“MariMed,” “the Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced the closing of its acquisition of the operating assets of Our Community Wellness & Compassionate Care Center, Inc. (“Medleaf”) in Prince George’s County, Maryland on April 5th. Just prior to closing, MariMed paid the state’s adult-use conversion fee and subsequently received an adult-use license to sell retail cannabis products from the Maryland Cannabis Administration (“MCA”). The acquired dispensary has been closed since July 1st, 2023. The Company expects to reopen the dispensary and begin adult-use retail sales by the end of the second quarter, upon regulatory approvals.
READ MORE |
VILLAGE FARMS INTERNATIONAL NAMED FASTEST GROWING CANNABIS COMPANY BY FINANCIAL TIMES ‘AMERICAS’
– Successful Strategy Recognized as Company Ranks as a Fastest Growing Company for Second Consecutive Year –
VANCOUVER, British Columbia and ORLANDO, Fla., April 05, 2024 — Village Farms International, Inc. (“Village Farms”) (NASDAQ: VFF) today announced it has ranked as one of the fastest growing companies in the Americas by The Financial Times and Statista for the second consecutive year. Village Farms ranked 1st among cannabis companies, 10th within agriculture, forestry and fishing companies, 32nd among Canadian companies and 355th overall, up 72 spots from last year. The 2024 Americas’ Fastest Growing Companies list ranks the top 500 companies by revenue growth between the years 2019 and 2022.
READ MORE |
22ND CENTURY ANNOUNCES PLAN TO ELIMINATE ITS SENIOR SECURED DEBT
Company Bolsters Balance Sheet with $4.2 Million Capital Infusion
New Senior Leadership Team Announced to Further Drive Shareholder Value
Mocksville, North Carolina– April 8, 2024 – 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company focused on nicotine harm reduction, today announced that it has entered into a binding letter of agreement with its senior secured lender, intended to eliminate all of its senior secured debt through potential debt for equity exchanges. Additionally, the Company has entered into separate definitive agreements for the purchase of common stock and warrants.
The Company also announced the appointment of Daniel Otto as Chief Financial Officer, and Jonathan Staffeldt as General Counsel, effective April 6, 2024. Both are currently employed at 22nd Century Group, Otto as Corporate Controller and Staffeldt as Vice President and Deputy General Counsel. R. Hugh Kinsman, the Company’s current Chief Financial Officer, will leave the Company effective June 1, 2024.
READ MORE |
TILRAY BRANDS ANNOUNCES 420 ACTIVATIONS ACROSS CANADA AND UNVEILS CELEBRATORY PRODUCT LINEUP
Tilray Releases New Product Innovations Across Core Recreational Cannabis Categories from Whole Flower, Beverages, Pre-rolls, and Vapes
TORONTO, April 04, 2024 — Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis lifestyle and consumer packaged goods company, through its wholly-owned licensed subsidiaries, Aphria Inc., Hexo Operations Inc., and Truss Beverages Company Limited, announces its latest product lineup and 420 celebratory activations across Canada.
Tilray’s cannabis brands including GOOD SUPPLY®, REDECAN®, BROKEN COAST®, SOLEI®, Mollo®, and XMG® will be activating a series of educational 420 budtender events in stores across Canada in partnership with over 1000 Canadian cannabis retailers nationwide. Cannabis enthusiasts and cannabis-curious consumers alike are invited to learn about Tilray Brands’ products at local cannabis retailers.
READ MORE |
ORGANIGRAM RECOGNIZED FOR EXECUTIVE GENDER DIVERSITY BY THE GLOBE & MAIL’S WOMEN LEAD HERE REPORT FOR THE FOURTH CONSECUTIVE YEAR
The fifth annual Report on Business editorial benchmark identifies top-level Canadian businesses with the highest executive gender diversity.
Toronto, Ontario – April 8, 2024 – Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), (the “Company” or “Organigram”), a leading licensed producer of cannabis, is pleased to announce it has been recognized on the 2024 Report on Business ‘Women Lead Here’ list for gender diversity. Fifty percent of the Company’s executive leadership team, including its CEO, are women.
The Women Lead Here benchmark was established in 2020 and applies a proprietary research methodology to provide an overview of the largest Canadian corporations with the highest degree of gender diversity among executive ranks. The ranked companies have made tangible and organizational progress related to executive gender parity.
READ MORE |
TMSH PROVIDES A CORPORATE UPDATE FOR FISCAL 2024
CHEYENNE, Wyo., April 03, 2024 — TransGlobal Assets Inc. (OTC: TMSH) is making significant strides in various sectors, particularly in the medical wellness, health, and pet industries. Here is a corporate update for fiscal 2024.
CannaKing, whose focus is on producing high-quality products in the medical wellness and health fields, is currently in discussions with a Canadian licensed producer to create its brands in-house for both recreational and medical markets. This move could significantly expand CannaKing’s reach and offerings, tapping into both recreational and medical cannabis markets under their banner.
Synergy Health Services, a multidisciplinary Wellness Centre offering evidence-based natural health care is engaging in discussions with various cannabis providers to qualify their patients for medical cannabis as a service. This represents a notable shift in the medical market, with a prominent recreational brand venturing into medical cannabis provisions, potentially widening their client base and service offerings.
READ MORE |
HYTN PROVIDES CORPORATE UPDATE, OUTLINES NEW GLOBAL DIRECTION
One of the only Canadian firms meeting the stringent specifications of both the German Pharmacopoeia and European Pharmacopoeia for Cannabis Flower
VANCOUVER, British Columbia, April 03, 2024 — HYTN Innovations Inc. (CSE: HYTN | FSE: 85W0, “HYTN” or “The Company”), a leader in the development, formulation, and manufacturing of products containing psychoactive and psychotropic compounds, including cannabis, is pleased to provide an update on the company’s new strategic goals and plans for global commercialization. This follows the recent achievement of Good Manufacturing Practices (GMP) certification for HYTN’s Kelowna production facility by Australia’s Therapeutic Goods Administration (TGA) under the Pharmaceutical Inspection Co-operation Scheme (PIC/S) standard.
HYTN is announcing two strategic commercial initiatives underscoring the company’s commitment to leading the GMP-certified cannabis products industry. Firstly, the company will focus on transforming Canadian-grown cannabis into final medical products that meet GMP standards, and are ready for export to an international customer base. HYTN expects to commercialize both business to business and wholesale opportunities under this initiative. Additionally, HYTN aims to unlock global markets for established cannabis brands by leveraging the company’s regulatory compliance, supply chain capabilities and Quality Management System. This initiative will allow for the rapid penetration of existing brands into highly regulated markets.
READ MORE |
TILRAY MEDICAL ANNOUNCES NEW SCIENTIFIC PUBLICATION ON AGE-RELATED PATTERNS OF MEDICAL CANNABIS USE
Tilray Led Study Shows Chronic Pain, Arthritis, Anxiety, and Insomnia as Primary Illnesses and Symptoms for Medical Cannabis Use
53.8% of Medical Cannabis Patients in Study Reported a Decrease on Prescription Opioid Use
NEW YORK, April 03, 2024 — Tilray Medical, a division of Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY) and a global leader in medical cannabis, empowering the therapeutic alliance between patients and healthcare practitioners to make informed individualized health decisions, transforming healthcare, today announced a new Tilray led scientific publication, Age-related Patterns of medical Cannabis Use: A Survey of Authorized Patients in Canada. The new study was derived from the Canadian Cannabis Patient Survey (CCPS) 2021, comprised of 2,697 patients and focused primarily on older patients with a mean age of 54.3. This study presents to the medical and scientific community the consumption trends observed in patients and the self-reported impacts from medical cannabis in alleviating the patients’ primary symptoms.
READ MORE |
SUN THEORY EXPANDS RETAIL PRESENCE THROUGH ACQUISITION OF FIVE DENVER-AREA TERRAPIN CARE STATION LOCATIONS
Acquisition of dispensary locations makes Sun Theory one of Colorado’s most prominent operators; Terrapin to focus on expanding operations in Pennsylvania
DENVER, April 08, 2024 — Sun Theory Holding Co., a leading vertically integrated cannabis operator using supply chain control and centralized services to drive profitability and growth in the cannabis space, announced today it has acquired the Colorado retail operations of Terrapin Care Station, a consumer-focused cannabis retailer with locations in Denver, Boulder, Aurora and Longmont. The acquisition expands Sun Theory’s retail presence to Colorado’s Front Range, adding five stores to the company’s growing retail profile across the state.
Terrapin’s corporate headquarters will remain in Boulder overseeing robust and expanding operations in Pennsylvania’s medical cannabis program, where the company has operated for nearly seven years. After 15 years laying the groundwork for cannabis reform and operations in Colorado, Terrapin is now focused on the company’s growth in Pennsylvania as it sets a similar path for adult-use legalization and new dispensary operations there.
READ MORE |
BELOW ARE THE LINKS TO THE DIRECTORY OF FLORIDA CANNABIS DOCTORS AND
DISPENSARIES IN THE STATE OF FLORIDA |
QUALIFIED PATIENTS OVER 877,000 AND 628 DISPENSING LOCATIONS |
LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from APRIL 5, 2024 Report BY THE NUMBERS Qualified Patients: (Active ID Card): APR 05 2024- 877,941 MAR 29 2024- 877,954 MAR 22 2024- 877,178 MAR 15 2024- 876,716
MAR 08 2024- 876,346 MAR 01 2024- 875,470 FEB 23 2024- 873,219
Pattients Last Week: -13 Qualified Ordering Physicians: 2,557 New Doctors Last Week: - 58 Reporting Period: MAR 29 to APR 1 2024
Amount of Medical Marijuana Dispensed - (mgs THC) 347,113,381 Amount of Low-THC Cannabis Dispensed - (mgs CBD) 4,518,161 Amount of Marijuana in a From for Smoking (oz) 112,542.675
Approved Dispensing Locations: 628 ADD LAST WEEK : 1 GOLDFLOWER CANNABIS - BRADENTON |
UPCOMING MEETING AND CONFERENCES |
MEMBERS OF THE FLORIDA MEDICAL CANNABIS PHYSICIANS GROUP
EMAIL CHARLES FELIX AT charles@cannabisnewsflorida.com FOR THE MEMBER DISCOUNT CODE FOR THIS YEARS FLORIDA MEDICAL CANNABIS CONFERENCE & EXHIBITION |
Boca Raton, FL & Zoom April 6th & 7th 2024
9:00 AM – 4:00 PM Join Shari B. Kaplan, LCSW for a two- day CE accredited workshop providing an in-depth approach to best practices for integrative mental health. Kaplan will educate on her integrative approach from assessments, treatment plans and process. She begins with a thorough psychosocial assessment (this includes Bio-psychosocial assessment, family attachments/dynamics, medical history, spiritual beliefs, exercise, nutrition, relationships, strengths/deficits) to have an in depth understanding of patient, prepare for treatment and create treatment goals. READ MORE AND REGISTER |
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