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 TONIGHT'S MEETING
WEDNESDAY, JUNE 19, 2024 AT 6:30PM THE
"FLORIDA MEDICAL CANNABIS PHYSICIAN GROUP" (FMCPG) FOR ALL
"MEDICAL MARIJUANA DOCTORS" AND "MMTC DIRECTORS ONLY " GUEST SPEAKER
Kyle Clark, the Chair of the Florida Impaired Driving Coalition
Kyle Clark retired from the Naples Police Department in 2007 following twenty years of service. He has been a drug recognition expert (DRE) since 1999, managed the Florida DRE program from 2007-2017, and managed the US and international program for the International Association of Chiefs of Police since 2017. He regularly consults with the National Highway Traffic Safety Administration in curricula development for DUI enforcement training and is a member of the Transportation Research Board Impairment in Transportation Committee. Kyle has been a member of the Florida Impaired Driving Coalition (FIDC) since 2012, and the chair of the FIDC since 2016.
DISCUSSION WILL INCLUDED: 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
THESE CHANGES WILL BE TAKING EFFECT ON TUESDAY JUNE 17TH. 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 JUNE 19, 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 |
THE CANNABIST COMPANY ANNOUNCES CORPORATE RESTRUCTURING AND UPCOMING FLORIDA DIVESTITURES AS PART OF ITS CONTINUED BUSINESS TRANSFORMATION INITIATIVES
Restructured corporate operations to align with focus on key growth markets and generate an expected net annual savings of approximately $10 million once fully implemented
Optimizing operational footprint with planned divestiture of asset portfolio and license in the Florida market; preparing for adult use transitions in Ohio and Delaware
NEW YORK—Jun. 17, 2024– The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., today announced a series of initiatives as part of its ongoing business transformation intended to improve profitability, enhance margin profile and enable cash flow generation. These initiatives include a corporate restructuring expected to generate approximately $10 million in annual cost-savings; the planned divestiture of its entire asset portfolio and license in Florida; and closing or modifying the operations of other underperforming assets.
READ MORE |
THE CANNABIST COMPANY CONTINUES VIRGINIA EXPANSION WITH THE OPENING OF CANNABIST RICHMOND
11th Dispensary in Virginia Expands Access to Quality Cannabis Products for Patients
NEW YORK–June 11, 2024– The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers, and retailers of cannabis products in the U.S., today announced it has opened its newest dispensary in Richmond, Virginia. Cannabist Richmond, located at 4320 S Laburnum Ave., will serve registered medical patients.
“We are thrilled to expand our presence in Virginia with the opening of Cannabist Richmond. This new location will allow us to support the Richmond community and the growing needs of our patients by offering even greater access to our high-quality and diverse cannabis products and exceptional customer service,” said Jesse Channon, President, The Cannabist Company. “Our commitment to patient access, education, and community engagement remains at the forefront of our expansion efforts, and we are grateful for the support from the Richmond community. We look forward to fostering strong relationships and enhancing the cannabis experience for our patients.”
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CURALEAF REPORTS ON VOTING RESULTS FROM THE 2024 ANNUAL GENERAL MEETING OF SHAREHOLDERS
NEW YORK, June 14, 2024 — The Annual General Meeting of Shareholders of Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer cannabis products, was held today via live webcast online. Each of the matters voted upon at the meeting is discussed in detail in the Company’s management information circular dated May 6, 2024 (the “Circular”), which can be found under the Company’s profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (https://www.sec.gov/edgar).
The total number of votes cast by shareholders in person or represented by proxy at the meeting was 1,741,506,378 votes (with each subordinate voting share entitling the holder thereof to one vote, and each multiple voting share entitling the holder thereof to 15 votes).
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VERANO ANNOUNCES SHARE REPURCHASE AUTHORIZATION
CHICAGO, June 17, 2024 — Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced that its Board of Directors has authorized the repurchase of up to $50 million of the Company’s Class A subordinate voting shares (the “Shares”) which are listed for trading on Cboe Canada.
“Our longstanding commitment to operational excellence alongside our focus on capital discipline has set up Verano to generate consistent revenue growth, deliver strong margins, and produce leading cash flows,” said George Archos, Verano Chairman and Chief Executive Officer. “The authorization of our first-ever share repurchase program provides an additional outlet for capital deployment alongside other measures such as capital expenditures, strengthening our balance sheet, and potential M&A as we position Verano for long-term growth and success. Going forward, we will be opportunistic in identifying market dislocations to support the stock and return cash to shareholders.”
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PLANET 13 ANNOUNCES THE APPOINTMENT OF DAVID LOOP TO THE BOARD OF DIRECTORS
LAS VEGAS, June 12, 2024 — Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (” Planet 13 ” or the ” Company ”), a leading vertically-integrated multi-state cannabis company, today announced the appointment of David Loop, the former Chief Executive Officer of VidaCann LLC (” VidaCann ”) to Planet 13’s board of directors.
“We are thrilled to welcome David to the board. He has been amazing to work with as we integrate VidaCann and welcome the team to Planet 13. His deep knowledge of the cannabis and horticulture industry are a fantastic addition to the board as we continue to execute our growth strategy, build out Florida, and expand our wholesale position,” said Larry Scheffler Co-CEO of Planet 13.
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PLANET 13 FIGHT CLUB TO LAUNCH AT THE PLANET 13 ENTERTAINMENT COMPLEX, FEATURING EXCLUSIVE MEET & GREETS AND WATCH PARTY WITH MMA STARS DURING INTERNATIONAL FIGHT WEEK
LAS VEGAS, June 18, 2024 — Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“ Planet 13 ” or the “ Company ” ), a leading vertically-integrated multi-state cannabis company, today announced the launch of Planet 13 FIGHT CLUB while hosting its first Planet 13 FIGHT WEEK from June 26 – June 29, 2024. Planet 13 Fight Week coincides with UFC International Fight Week and will include meet and greets with MMA stars culminating with a UFC 303 Watch Party with MMA fighters in attendance at DAZED! Consumption Lounge . Tickets for the exclusive watch party can be purchased here .
Planet 13 FIGHT CLUB is the first launch of apparel and MMA gear from the newly formed Planet 13 Lifestyle brand, whose e-commerce site will launch during Fight Week. The new line will feature the iconic P13 logo on MMA-inspired gear with plans to sponsor major professional and amateur fighters and gyms.
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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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PUBLICLY TRADED CANNABIS LENDERS OUTPERFORM PUBLIC CANNABIS OPERATORS
June 17, 2024 – This week’s Viridian Chart of the Week shows the YTD stock performance of two equally weighted baskets of stocks. The orange line depicts the YTD performance of a basket of the top five MSOs by market cap: Curaleaf, GTI, Trulieve, Verano, and Cresco. The green line shows the YTD results of a basket of the top five cannabis lenders and sale-leaseback providers: IIPR, Chicago Atlantic, AFC Gamma, NewLake Capital, and Silver Spike.
The blue line shows the MSOS ETF’s YTD performance. Note that the MSOS ETF price has a .97 correlation with the price of a simple equal-weighted basket of the top five MSOs but significantly underperforms the basket due to administrative expenses.
On a YTD basis, the 14.7% YTD return on the lender group outpaced the 9.75% return on the MSO basket and significantly exceeded the 0.25% loss on the MSOS ETF. Both the MSO basket and the MSOS ETF have dropped for four consecutive weeks.
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NATIONAL AND INTERNATIONAL NEWS |
TERRASCEND ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING
TORONTO, June 17, 2024 — TerrAscend Corp. (“TerrAscend” or the “Company”) (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis company, today announced the results of its annual meeting of shareholders held on June 17, 2024 (the “Meeting“). Common shareholders at the Meeting affirmatively approved the following resolutions:
the election of Mr. Craig Collard, Ms. Ira Duarte, Mr. Ed Schutter, Ms. Kara DioGuardi and Mr. Jason Wild as directors of the Company;
the ratification of the appointment of MNP LLP as the independent public accounting firm of the Company for the fiscal year ended December 31, 2024; and
the approval of a resolution to amend the expiry dates of stock options held by certain employees and directors of the Company, as further described in the Company’s Management Information Circular and Proxy Statement.
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BLÜM HOLDINGS, INC. COMPLETES SALE OF BLÜM SANTA ANA, ESTIMATED $44.5 MILLION IN DEBT ELIMINATION AND $34 MILLION GAIN
SANTA ANA, Calif., June 18, 2024 — Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm Holdings,” “we” or “us”), a cannabis company with subsidiaries operating throughout California, announces a significant milestone in its ongoing strategic financial restructuring. On June 10, 2024, Unrivaled Brands, Inc., a wholly owned subsidiary of Blüm Holdings, completed the sale (the “Disposition”) of its controlling membership interest in People’s First Choice LLC (“PFC”) to Haven Nectar LLC (“Haven Nectar”). PFC owns and operates a cannabis retail dispensary campus in Santa Ana, California named Blüm Santa Ana.
Key Highlights of the Disposition
The Disposition marks a significant milestone in the Company’s strategic restructuring plan, which began in August 2022. Based on estimates included in the unaudited pro forma condensed consolidated financial statements for the period ended March 31, 2024 as filed with the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on June 14, 2024
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PEOPLE’S CALIFORNIA, LLC (“PEOPLE’S CALIFORNIA”) SUBSIDIARY ‘PEOPLES VAPE’ EVICTED FOR NON-PAYMENT OF RENT AT BLÜM SANTA ANA
SANTA ANA, Calif., June 12, 2024 — Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “we” or “us”), a cannabis company with subsidiaries operating throughout California, announces the successful outcome in the unlawful detainer action brought by Unrivaled Brands, Inc.’s then subsidiary People’s First Choice, LLC (“Blüm Santa Ana”) against Peoples Vape, LLC (“People’s Vape”), formerly known as PF-People’s Grand TC, LLC, a subsidiary of People’s California. On June 6, 2024, the Court issued a Minute Order ordering that permits Blüm Santa Ana to obtain a writ of possession for the premises, cancels People’s Vape’s rental agreement, and allows Blüm Santa Ana to obtain a money judgment against People’s Vape resulting from People’s failure to pay rent since at least March 2023.
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EMBRACE THE SPIRIT OF SUMMER AND CREATE SHAREABLE MOMENTS WITH GOOD SUPPLY CANNABIS
Good Supply Cannabis Launches New Product Campaign for Summer Sessions with Friends
TORONTO, June 12, 2024 — Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), a leading global lifestyle and consumer packaged goods company, today announced the Good Supply® launch of its ‘Summer Shareability’ campaign, celebrating the good times and vibrancy of the sunny season ahead. As one of the leading brands in Canada, Good Supply has become a favourite among consumers and budtenders alike. This summer, the brand is putting their most shareable and convenient formats front and center, along with exciting flavours that are perfect for any warm weather gathering.
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TILRAY BEVERAGES ANNOUNCES CAMPAIGN TO RAISE AWARENESS FOR MEN’S HEALTH
June 14, 2024 (GLOBE NEWSWIRE) — Tilray Brands, Inc. (“Tilray Brands” or “Tilray”) (Nasdaq | TSX: TLRY), a leading global lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, announced today a men’s health initiative launching on Father’s Day, June 16, 2024, with Montauk Brewing and Blue Point Brewery brands.
In a world where conversations often revolve around work, sports and current events, men’s health remains a largely unspoken topic. Tilray aims to add fuel to this critical dialogue with a campaign designed to spark conversations and encourage friends, family, and colleagues to discuss men’s health openly through awareness, education, and launching outreach activities aimed at increasing men’s health literacy.
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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 882,000 AND 648 DISPENSING LOCATIONS
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LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
JUNE 14, 2024 Report
BY THE NUMBERS Qualified Patients: (Active ID Card):
JUN 14 2024- 882,933 JUN 07 2024- 883,096 MAY 31 2024- 882,604
MAY 24 2024- 882,407 MAY 17 2024- 881,557 Pattients Last Week: -163
Qualified Ordering Physicians: 2,297
New Doctors Last Week: -26
Reporting Period: JUNE 7 TO JUNE 13, 2024 Amount of Medical Marijuana Dispensed - (mgs THC) 330,318,739 Amount of Low-THC Cannabis Dispensed - (mgs CBD) 3,542,789
Amount of Marijuana in a From for Smoking (oz) 113,218.787 Approved Dispensing Locations: 648 ADD LAST WEEK : 1 GTI - NEW PORT RICHEY |
UPCOMING MEETING AND CONFERENCES |
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If your goal is to get your business in front of the right people in the cannabis industry or you want to be an integral part of this new and exciting business opportunity, then you need to join with Cannabis News Florida as we help to establish cannabis as a major part of the economy in Florida. Cannabis News Florida is an online publication focusing on both local and national news from leading authorities about the medical and business developments in the medical cannabis industry covering the entire state of Florida.
Join the Cannabis News Florida force online and in print. We offer several marketing options to fit all budgets:
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