2019 Cannabis Business Award's Publication of the Year |
FLORIDA SUPREME COURT SAYS YES!! |
FMCPG HAS BEEN SERVING AND REPRESENTING THE CANNABIS PHYSICIAN COMMUNITY
SINCE 2020 |
REGISTER FOR THE NEXT MEETING
WEDNESDAY, JUNE 19, 2024 AT 6:30PM THE
"FLORIDA MEDICAL CANNABIS PHYSICIAN GROUP" (FMCPG) FOR ALL
"MEDICAL MARIJUANA DOCTORS" AND "MMTC DIRECTORS ONLY " DISCUSSION WILL INCLUDED: RESULTS OF SURVEY
REVIEW OF THE OMMU AND CHANGES TO THE DOCTOR'S PATIENT INPUT PORTAL ON THE OMMU WEBSITE.
DOCTORS WITHIN OUR GROUP WILL DISCUSS HOW THEY HAVE BEEN WORKING AROUND SOME OF THE CHANGES
HEMP BILL - WHAT DOES IT MEAN FOR MEDICAL CANNABIS LEGISTRATIVE AGENDA FOR 2024 -2025 REF'S ISSUES AND SOLUTIONS CLICK HERE TO REGISTER FOR THE JULY 10, 2024 MEETING |
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 |
CURALEAF LAUNCHES HEMP DERIVED PRODUCT LINE AND NEW DIRECT TO CONSUMER ECOMMERCE MARKETPLACE
Portfolio will include hemp derived THC edibles and beverages from Select and Zero Proof brands, in addition to 3rd party products, setting a new industry standard for safety, reliability and quality control
STAMFORD, Conn., June 24, 2024 — Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer cannabis products, today announced the launch of an all-new line of hemp-derived THC products under the Company’s Select and Zero Proof brands. Products will be available to order beginning June 26 direct to consumers via the Company’s new online storefront, TheHempCompany.com, Curaleaf’s new home for all fully Farm Bill compliant hemp derived products. Shipments will commence July 1, in time for the July 4 holiday. Additional distribution will include strategic partnerships through conventional retail and on-demand delivery in partnership with DoorDash, the local commerce platform. TheHempCompany.com will also partner with top-tier 3rd-party hemp brands to offer additional products that adhere to Curaleaf’s standards.
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GREEN THUMB GROWS ITS RETAIL FOOTPRINT IN FLORIDA WITH THE OPENING OF RISE DISPENSARY NEW PORT RICHEY, ITS 17TH RETAIL LOCATION IN THE SUNSHINE STATE, ON JUNE 21
CHICAGO and VANCOUVER, British Columbia, June 19, 2024 — RISE Dispensaries, a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), today announced that RISE Dispensary New Port Richey, the Company’s 17th retail location in Florida and 94th nationwide, will open on June 21. The dispensary, located at 6213 State Road 54, New Port Richey, FL, 34653, will offer medical patients a diverse collection of cannabis products, including RYTHM premium flower and full spectrum vapes, Dogwalkers pre-rolls, Good Green flower, Dr. Solomon’s tinctures and &Shine flower, pre-rolls, vapes and chews. RISE New Port Richey will host a grand opening event on July 26, where profits from the day will be donated to the Warrior Wellness Program.
“We are thrilled to continue our Florida expansion through the opening of RISE New Port Richey. The team has an incredibly exciting opening event planned this Friday for new and existing patients in the area, where we will showcase and provide substantial discounts on our award-winning portfolio of brands that includes RYTHM and Dogwalkers,” said Green Thumb President Anthony Georgiadis. “With this launch, we are also proud to partner with the Warrior Wellness Program and its mission to support the veteran and military community.”
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VERANO FILES COURT RESPONSE SEEKING FULL TRIAL AND REJECTING GOODNESS GROWTH’S DAMAGES CLAIM Expects Full Trial in 2026 Should the Court Reject Goodness Growth’s Request for Summary Determination
CHICAGO, June 20, 2024 — Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”) announced that it has filed a Notice of Application with the Supreme Court of British Columbia, Canada (the “Court”) in its ongoing litigation with Goodness Growth Holdings, Inc. (“Goodness Growth”). Verano is seeking dismissal of Goodness Growth’s request to have the Court determine the highly fact-driven lawsuit by summary determination which would deny Verano due process and the fairness afforded by a full trial on the merits of the case. While Goodness Growth’s filings with the Court may have been fit to bolster Goodness Growth’s public statements and press releases, Verano considers Goodness Growth’s application to the Court to be no more than an effort to sway public opinion and put forward a baseless and irresponsible damages calculation in an attempt to create false hope for its investors.
Verano denies Goodness Growth’s unfounded damages claim and is requesting that the Court exclude from the evidence Goodness Growth’s damages report in its entirety. The report forms the basis of the claim amount and is a careless effort to support the senseless figure. Among other substantial and fundamental issues, the author of the report is not qualified to give a valuation opinion, the report is based on speculation and biased assumptions not supported by evidence, and lacks basic elements and substance required by Canadian legal standards.
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VERANO EXPANDS FLORIDA RETAIL FOOTPRINT TO 77 DISPENSARIES STATEWIDE WITH GRAND OPENINGS OF MÜV NARANJA AND MÜV PORT RICHEY Located at 26655 South Dixie Highway, MÜV Naranja bolsters the Company’s retail presence in Miami-Dade County, the state’s most populous region with more than 2.7 million residents1 MÜV Port Richey, located at 9010 U.S. Highway 19, is the Company’s second retail location in Pasco County, one of Florida’s fastest-growing regions with over 561,000 residents2
Verano is an active supporter of the Smart and Safe Florida campaign, a multi-stakeholder effort advocating for the passage of the Amendment 3 ballot initiative to legalize adult use cannabis in the Sunshine State
Verano’s active operations span 13 states, comprised of 142 dispensaries and 13 cultivation and processing facilities with more than 1 million square feet of cultivation capacity
CHICAGO, June 21, 2024 — Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the openings of MÜV Naranja and MÜV Port Richey on Friday, June 21, raising the Company’s retail footprint to 77 Florida dispensaries and 142 locations nationwide. Both MÜV Naranja, located at 26655 South Dixie Highway, and MÜV Port Richey, located at 9010 U.S. Highway 19, will be open Monday through Saturday from 9 a.m. to 7 p.m. and Sunday from 11 a.m. to 5 p.m., local time.
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INTERVIEW WITH DR TEREL NEWTON FLORIDA MEDICAL DIRECTOR FROM TRULIEVE AT 2024 FMCCE BY CHARLES FELIX FROM CANNABIS NEWS FLORIDA AND FLORIDA MEDICAL CANNABIS PHYSICIANS GROUP CLICK HERE TO WATCH VIDEO |
AN INTERVIEW WITH DEBBIE ALTMAN, FOUNDER AND CEO OF THE HIPPIE CHICK
What aspect of the cannabis sector do you operate in?
I’m the Founder and CEO of The Hippie Chick (THC), and yes, the pun is intentional.
THC is a Cannabis Concierge & Consulting agency. While we serve anyone with a valid Medical Marijuana card issued by the State of Florida, our focus is on assisting the over-forty demographic.
On the concierge side, we provide personalized assistance to patients, offering education, scheduling support for obtaining or renewing Medical Marijuana cards, aiding in product selection, and addressing queries about dosing and packaging.
On the consulting front, we collaborate with medical professionals, dispensaries, and cannabis industry entities, offering services such as marketing, education, and event management.
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JUNE 21 2024 – We looked at the five largest cannabis lenders/sales-leaseback providers to try to ascertain whether they are fairly valued or not. Astute readers will point out that lenders like Chicago Atlantic, AFC Gamma, and Silver Spike are in a different business than sales leaseback providers such as IIPR and NewLake Capital. The lenders have collateralized loans, whereas the SL companies actually own the underlying real estate. Nonetheless, we view the two businesses as more similar than different: both accept credit risk from cannabis SSOs and MSOs in return for a spread on their cost of capital.
The cleanest measure of market valuation for these companies is the market-to-book ratio, portrayed by the green bars in the graph below.
We know that, generally speaking, more profitable companies tend to trade at more significant premiums to book ratios. We have chosen annualized Funds from Operation/ Total Assets as our key profitability measure, as shown by the rust-colored line with markers on the graph.
The other two show the relative equity risk via leverage. The purple line depicts the total liabilities to market cap, our overall favorite leverage indicator. The blue line shows a more standard balance sheet leverage measure, total liabilities to total assets.
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NATIONAL AND INTERNATIONAL NEWS |
CRONOS GROUP INC. ANNOUNCES RESULTS OF 2024 ANNUAL MEETING OF SHAREHOLDERS
TORONTO, June 21, 2024 — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) announces that at its Annual Meeting of Shareholders held yesterday, June 20, 2024 (the “Meeting”), shareholders holding a total of 274,097,252 common shares of the Company voted in person or by proxy, representing 71.75% of the total number of common shares of the Company outstanding.
Each of the directors listed as a nominee in the Company’s definitive proxy statement dated April 26, 2024 was elected as a director of the Company, with each director receiving in excess of 93.4% of the votes cast in favor of his or her election. The detailed results of the vote for the election of directors are as follows - CLICK HERE
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SPRINGBIG AND GREENLINE ANNOUNCE SEAMLESS LOYALTY INTEGRATION AND UPCOMING WEBINAR
BOCA RATON, Fla., June 20, 2024 — Springbig, a leading provider in cannabis loyalty marketing and communications technology, is thrilled to announce our enhanced integration with Greenline, a BLAZE® company, Canada’s most-trusted cannabis point-of-sale solution provider, to offer a seamless loyalty connection that enhances the retail experience for cannabis customers. This collaboration aims to simplify loyalty redemption and reduce the potential for fraud, ensuring a smooth and secure transaction process.
The integration between Springbig and Greenline streamlines the checkout process with a deeper, 2-way integration, making it easier for customers to earn and redeem rewards at the POS or from their mobile device. This seamless loyalty connection is designed to increase customer adoption and revenue by ensuring that all transactions are secure and reliable. This innovative approach not only protects customers but also enhances the overall integrity of the loyalty program.
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VILLAGE FARMS INTERNATIONAL CONGRATULATES NETHERLANDS ON CANNABIS PROGRAM MILESTONE
VANCOUVER, British Columbia and ORLANDO, Fla., June 20, 2024 — Village Farms International, Inc. (“Village Farms” or “the Company”) (NASDAQ: VFF) congratulates the Netherlands on its historic progress to the next phase of its legal recreational cannabis program (the “Dutch Program”). With successful completion of the start-up phase of the Dutch Program, the Netherlands has expanded the number of municipalities, in which regulated cannabis can be sold in “coffee shops”, from two to ten.
Through its majority owned subsidiary, Leli Holland, Village Farms holds one of ten licenses to cultivate and distribute recreational cannabis legally under the Dutch Program. Production at the Company’s first facility in Drachten is scheduled to start in the fourth quarter of 2024, with sales to start in the first quarter of 2025. READ MORE |
TILRAY MEDICAL LAUNCHES BROKEN COAST MEDICAL CANNABIS BRAND IN AUSTRALIA
BROKEN COAST EU-GMP CERTIFIED MEDICAL CANNABIS WHOLE FLOWER PRODUCTS ARE NOW AVAILABLE THROUGH A DOCTOR’S PRESCRIPTION IN AUSTRALIA
NEW YORK and SYDNEY, June 20, 2024 — Tilray Medical, a division of Tilray Brands, Inc. (“Tilray Brands”) (NASDAQ: TLRY and TSX: TLRY) and a global leader in medical cannabis, empowering the therapeutic alliance between patients and healthcare practitioners to make informed individualized health decisions, thereby transforming healthcare, today announced the launch of Broken Coast EU-GMP certified medical cannabis products in Australia.
Denise Faltischek, Chief Strategy Officer and Head of International, Tilray Brands, said, “Our highly scalable global footprint, which enables us to deliver medical cannabis globally from our facilities in Canada as well as our facilities in Europe, combined with our diverse portfolio of cannabis brands and products have been instrumental in leading the evolution of the global medical cannabis industry. As medical cannabis demand continues to grow worldwide, Tilray Brands remains steadfast in our commitment to providing healthcare professionals and patients with safe and reliable access to the highest-quality medical cannabis products.
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CRONOS GROUP ANNOUNCES EXPANSION OF GROWCO TO FUEL GLOBAL GROWTH
TORONTO, June 20, 2024 — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”), an innovative global cannabinoid company, announced an expansion of Cronos Growing Company (“GrowCo”). GrowCo is a leading cannabis cultivation company that Cronos owns 50% of. The investment will be funded by an additional credit facility provided by Cronos and is intended to assist GrowCo’s expansion of its purpose-built cannabis facility to address the increased global market demand for high-quality cannabis flower.
Key Highlights of the Investment:
-Investment in Expansion: Cronos will provide an approximately $51 million ($70 million CAD) secured non-revolving credit facility to GrowCo to fund facility expansion, enabling growth opportunities in the markets Cronos operates in today as well as enabling future growth into new markets that open.
-Enhanced Governance: On July 1, 2024, the GrowCo board of directors will expand to five members, three of whom will be appointed by Cronos.
-New Supply Agreement: Cronos will have the option to purchase up to 70% of the total production from the expanded facility.
-Financial Consolidation: Cronos will be consolidating the joint venture’s results in its financial statements beginning in the third quarter of 2024.
-GrowCo has consistently demonstrated exceptional cultivation performance, contributing significantly to Cronos’ portfolio. In 2023 Cronos purchased approximately $21 million of biomass from GrowCo, and GrowCo sold approximately $20 million to third parties. GrowCo has strong gross margins that the Company expects to be accretive on a consolidated basis and delivered positive net income and positive cash flow in 2023. This success underscores GrowCo’s ability to produce premium cannabis at scale, meeting our stringent quality standards and market demands. The expansion will aid our ability to supply markets we operate in, which include Canada, Israel, Germany, the United Kingdom, and Australia, while also fueling the potential for international expansion.
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CANOPY GROWTH ESTABLISHES US$250 MILLION AT-THE-MARKET PROGRAM TO FURTHER ENHANCE THE COMPANY’S FINANCIAL POSITION AND FACILITATE GROWTH
SMITHS FALLS, ON. June 6, 2024 — Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, announced today that the Company has established an at-the-market equity program (the “ATM Program”) that allows Canopy Growth to issue and sell up to US$250 million (or its Canadian dollar equivalent) of common shares of the Company (“Common Shares”) from treasury from time to time in concurrent public offerings in the United States and Canada. Any Common Shares sold in the ATM Program will be sold in transactions made directly on the Nasdaq or the TSX or on any other available U.S. or Canadian trading market for the Common Shares. The volume and timing of sales under the ATM Program, if any, will be determined in the Company’s sole discretion and are subject to customary conditions precedent. The Common Shares will be distributed at market prices prevailing at the time of each sale or at certain other prices and, as a result, prices may vary as between purchasers and during the period of distribution under the ATM Program.
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BELOW ARE THE LINKS TO THE DIRECTORY OF FLORIDA CANNABIS DOCTORS AND
DISPENSARIES IN THE STATE OF FLORIDA |
QUALIFIED PATIENTS OVER 883,000 AND 649 DISPENSING LOCATIONS
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LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
JUNE 21, 2024 Report
BY THE NUMBERS Qualified Patients: (Active ID Card):
JUN 21 2024- 883,375 JUN 14 2024- 882,933 JUN 07 2024- 883,096
MAY 31 2024- 882,604 MAY 24 2024- 882,407 Pattients Last Week: 442
Qualified Ordering Physicians: 2,286
New Doctors Last Week: - 11
Reporting Period: JUNE 14 TO JUNE 20, 2024 Amount of Medical Marijuana Dispensed - (mgs THC) 343,421,158 Amount of Low-THC Cannabis Dispensed - (mgs CBD) 4,090,423
Amount of Marijuana in a From for Smoking (oz) 116,268.395 Approved Dispensing Locations: 649 ADD LAST WEEK : 1 GTI - TALLAHASSEE |
UPCOMING MEETING AND CONFERENCES |
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