2019 Cannabis Business Award's Publication of the Year |
WEDNESDAY, APRIL 17, 2024 |
FLORIDA SUPREME COURT SAYS YES!! |
FMCPG HAS BEEN SERVING
AND REPRESENTING THE CANNABIS PHYSICIAN COMMUNITY SINCE 2020 |
REGISTER FOR TONIGHT'S MEETING
WEDNESDAY, MAY 1, 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" 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 AND REVELRY EXPAND PARTNERSHIP TO FOUR NEW EAST COAST MARKETS
Curated Strains and Branded Cannabis Gear are Currently Available in Massachusetts and New Jersey
NEW YORK-Apr. 9, 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 the expansion of its partnership with Revelry Herb Co., an artisan-quality flower and pre-roll brand launched by the creators of Revelry Supply, into the Maryland, Ohio, Pennsylvania and New York markets.
Through this partnership, The Cannabist Company supplies a curated collection of strains for Revelry’s flower and pre-roll offerings, which are now available through the Company’s retail and wholesale platforms in Massachusetts and New Jersey. By mid-April, Revelry products will be on shelves in Pennsylvania at the Company’s three Columbia Care dispensaries and across the state through its wholesale channels. Products will also launch in Maryland, New York, and Ohio in the coming months, pending regulatory approval.
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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 |
NATIONAL AND INTERNATIONAL NEWS |
LORI CROSLEY JOINS VIRIDIAN CAPITAL
APRIL 14, 2024 – Viridian Capital Advisors is proud to announce the appointment of Lori Crosley as Chief Marketing Officer and Investment Banker, effective immediately. In this dual capacity, Lori will lead the firm’s marketing efforts while also contributing her expertise to the investment banking team.
Lori brings a wealth of experience having held senior level positions at financial institutions such as Morningstar Investment Management, Wells Fargo, and Wachovia Investments. With a background in investment banking at JP Morgan, Oil and Gas Group, and CIBC Automotive Group, she has a proven track record of success in deal structuring and strategic financial advisory. Her extensive experience and deep understanding of market dynamics make her a valuable asset to the Viridian team.
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POWER TO THE PALATE: CAPITOL 9 THC SELTZERS MIX WEED & POLITICAL WIT FOR BUZZY SUMMER SIPPING
FOR AMERICANS WHO ENJOY CANNABIS AND ROLL THEIR EYES AT U.S. POLITICS, CAPITOL 9 PROUDLY PRESENTS POLITICALLY THEMED THC SELTZERS TO POKE FUN AT PRESIDENTIAL “CAN”-DIDATES
WASHINGTON, April 11, 2024 (GLOBE NEWSWIRE) — Capitol 9 is elated to unveil a limited-edition series of hemp-derived delta-9-THC seltzers infused with a delightful political twist, just in time for summer. With 5 mg of THC per can and a crowd-pleasing lemon-lime flavor, these hemp-derived beverages will bring y’all unadulterated joy, unlike the antics of this year’s presidential candidates.
Each can of Capitol 9’s refreshing seltzer showcases one of two collectible designs, portraying either Trump or Biden. It’s a playful nod to the presidents who have mastered the art of “the promise without progress” in the realm of cannabis reform.
Crafted with hemp-derived Delta-9- THC, Capitol 9 seltzers are available to purchase and enjoy in all 50 states, courtesy of the 2018 Farm Bill, which ensures our cans of political mischief are perfectly legal for adult consumers, who can stay buzzed through Election Day! While Capitol 9 holds out hope for a future president to deliver federal cannabis legalization, they remain steadfast in their commitment to providing top-tier THC beverages that offer a comparable buzz to bud without the fear of prosecution.
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JUSHI HOLDINGS INC. APPOINTS TODD WEST AS CHIEF OPERATING OFFICER
EXPERIENCED CANNABIS EXECUTIVE TO LEAD CONTINUED GROWER PROCESSOR FACILITIES OPTIMIZATION AND ENHANCE ORGANIZATION-WIDE COLLABORATION
BOCA RATON, Fla., April 15, 2024 — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced that it has appointed Todd West as Chief Operating Officer (“COO”), effective April 12, 2024.
Mr. West brings over 25 years of operations management experience in retail, manufacturing, and wholesale, including five years in cannabis with his most recent role being Executive Vice President of Operations at Cresco Labs Inc. Prior to cannabis, Mr. West was an operations executive for almost a decade in the food and beverage industry directing daily operations including overseeing manufacturing, warehousing, distribution, supply chain, inventory control, new product development, R&D, quality assurance, and retail.
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OPTIMI HEALTH ACHIEVES MILESTONE: COMPLETES IN-HOUSE PRODUCTION OF MDMA ACTIVE PHARMACEUTICAL INGREDIENT (API)
VANCOUVER, British Columbia, April 15, 2024 (GLOBE NEWSWIRE) — Optimi Health Corp. (CSE: OPTI) (OTCQX: OPTHF) (FRA: 8BN), a leading Health Canada licensed psychedelics pharmaceutical manufacturer, specializing in controlled substances such as natural psilocybin and MDMA, has announced the completion of three batches of its MDMA Active Pharmaceutical Ingredient (API) manufactured from raw materials under the Company’s Precursor Licence.
As previously communicated in January, Optimi employed the precursor 3,4-Methylenedioxyphenyl-2-propanone (MDP2P) to guarantee the quality and uniformity of the MDMA API manufacturing process. The production of this MDMA API was produced in-house, explicitly for the recently disclosed supply agreement with the Institute for Psychedelic Research at Tel Aviv University (IPR-TLV) in Israel.
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BLÜM HOLDINGS INC. REPORTS FULL YEAR 2023 AND FOURTH QUARTER FINANCIAL RESULTS
SANTA ANA, Calif., April 16, 2024 (GLOBE NEWSWIRE) — Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “we” or “us”), a cannabis company with operations throughout California, today reported financial results for the full year and fourth quarter ended December 31, 2023.
Full Year 2023 Highlights
-Revenues decreased by 36% compared to the prior year primarily due to the Company’s strategic slowdown in its underperforming distribution segment. However, gross profit only fell by 3%, or $0.5 million, with gross margins increasing by 18% to 53% for the year.
-Net loss from continuing operations was $13.8 million, an improvement of 93% compared to $183.9 million from the prior year. The significant improvement of $170.1 million was primarily attributable to the Company’s prior year’s impairment charges and to a lesser extent, the Company’s exit from unprofitable segments, reduced corporate headcount which expenses were partially offset by litigation and professional fees and non-cash stock-based compensation.
-EBITDA loss from continuing operations was $4.0 million for the year ended December 31, 2023, a significant improvement from $173.6 million in the prior year.
Provision for income tax expense for continuing operations was $4.1 million in fiscal year 2023 compared to prior year’s tax provision benefit of $2.8 million.
-Gain on extinguishment of debt was $5.4 million for the year ended December 31, 2023.
-Cash used in operating activities from continuing operations decreased 85% to $1.0 million compared to $6.4 million in the prior year.
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10 BARREL BREWING ADDS ‘JUICY DRAMA’ TO ITS AWARD-WINNING HOPBURST FAMILY
BEND, Ore., April 11, 2024 (GLOBE NEWSWIRE) — 10 Barrel Brewing Co. (“10 Barrel”), an award-winning pioneer in the craft brewing industry and a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), is excited to announce the launch of its newest IPA, ‘Juicy Drama’, a vivacious addition to its renowned HopBurst Family of IPAs. Crafted with a blend of Bravo and Simcoe hops, Juicy Drama offers a fresh twist on the traditional Double IPA, boasting a robust citrus and pine hop profile with carefully balanced bitterness.
This new brew, featuring a formidable 9.6% ABV, embodies a zesty and fruit-forward character while keeping bitterness to a minimum, setting it apart as a standout within the HopBurst Family and IPA landscape at large. To elevate the sensory experience, the brewers incorporated Yuzu zest into the fermenter, resulting in an explosive aroma that complements the beer’s dynamic flavor profile.
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BOSTON HEMP INC SECURES POSITION AS THE NATION’S LARGEST SUPPLIER OF EXOTIC INDOOR THCA FLOWER AND EXTRACTS
BOSTON, April 11, 2024 (GLOBE NEWSWIRE) — via IBN – Boston Hemp Inc, a leading player in the hemp industry, proudly announces its achievement of being recognized as the nation’s largest supplier of exotic indoor THCa flower and extracts. With a commitment to quality and innovation, Boston Hemp Inc has rapidly emerged as a key player in the thriving market for federally legal, exotic THCa flower and THCa extracts.
The company’s dedication to excellence is reflected in its state-of-the-art facilities and cutting-edge extraction processes. Boston Hemp Inc prides itself on delivering premium indoor THCa flower and THCa extracts, meeting the growing demand from consumers seeking high-quality and natural alternatives in all 50 states.
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VILLAGE FARMS INTERNATIONAL APPOINTS WILLIAM STOUFER AS PRESIDENT, BALANCED HEALTH BOTANICALS
VANCOUVER, British Columbia and ORLANDO, Fla., April 10, 2024 (GLOBE NEWSWIRE) — Village Farms International, Inc. (“Village Farms”) (NASDAQ: VFF) today announced the appointment of William Stoufer as President of Balanced Health Botanicals (“BHB”), effective immediately. Mr. Stoufer will report directly to Michael DeGiglio, President and Chief Executive Officer of Village Farms.
“Bill has been a key member of BHB senior leadership, responsible for establishing strong business processes with a focus on customer excellence, which contributed positive adjusted EBITDA and cash flow to Village Farms since acquisition.” said Michael DeGiglio, President and Chief Executive Officer, Village Farms. “He is a strategic, execution-focused, results-driven leader and I look forward to his ongoing contribution as we continue to strengthen BHB’s position for the significant opportunity in the United States as the regulatory landscape evolves.”
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VILLAGE FARMS INTERNATIONAL POSTS EIGHT CONSECUTIVE MONTHS OF NATIONAL SHARE GROWTH
REGAINING #1 POSITION AS ONTARIO’S LEADING LICENSED PRODUCER IN Q1 2024
VANCOUVER, British Columbia and ORLANDO, Fla., April 11, 2024 (GLOBE NEWSWIRE) — Village Farms International, Inc. (“Village Farms” and “Company”) (NASDAQ: VFF) has gained national market share for eight consecutive months, making it the fastest growing producer among the top five licensed producers in Canada.1 According to provincial data, the Company has also regained the #1 licensed producer position in Ontario, Canada’s largest provincial market, for the first time since 2022.2
“Our dedicated focus on developing a winning strategy rooted in high-quality flower has allowed us to continue to grow organic market share from a position of strength,” said Michael A. Degiglio, President & CEO of Village Farms International. “Our industry leadership has been earned through our team’s dedication, innovation, and a deep respect and understanding of our consumers, resulting in organic growth with our partner retailers and discerning consumers who come back to our products time and time again.”
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MARIMED CLOSES ACQUISITION OF THRIVE DISPENSARY IN CASEY, THE COMPANY’S FIFTH ILLINOIS DISPENSARY
NORWOOD, Mass., April 11, 2024 (GLOBE NEWSWIRE) — MariMed Inc. (“MariMed”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced the closing of its acquisition of Allgreens Dispensary, LLC on April 9, 2024. The approval of the license transfer by the Illinois Department of Financial & Professional Regulation, and subsequent closing of the acquisition, allows MariMed to fully consolidate the financial results of the Company’s Thrive-branded dispensary in Casey, Illinois, which had previously been operated under a Managed Services Agreement.
Thrive Casey is the only dispensary in Clark County, Illinois, 30 miles west of Terre Haute, Indiana. Thrive Casey is located at 912 N. State Highway 49, near the intersection of state Highway 49 and U.S. Interstate 70. The dispensary should benefit from attracting the thousands of tourists who annually visit Casey to see the 30 “World’s Largest” and “Big Things” on display throughout the city. They include the World’s Largest Rocking Chair and Mailbox.
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OPTIMI HEALTH SIGNS PSILOCYBIN SUPPLY AGREEMENT WITH NEW ZEALAND-BASED MĀTAI MEDICAL RESEARCH INSTITUTE
VANCOUVER, British Columbia, April 09, 2024 (GLOBE NEWSWIRE) — Optimi Health Corp. (CSE: OPTI) (OTCQX: OPTHF) (FRA: 8BN), a leading Health Canada licensed psychedelics pharmaceutical manufacturer, specializing in controlled substances such as natural psilocybin and MDMA, is proud to announce the signing of an international natural psilocybin supply agreement with New Zealand-Based Mātai Medical Research Institute (Mātai), on behalf of the Tū Wairua Project. This agreement marks Optimi’s first supply deal to New Zealand, a significant milestone for the company’s global expansion efforts.
Under the terms of the agreement, Optimi will provide Mātai with a quantity of its validated GMP Full Spectrum Natural Psilocybin extract. Further, the agreement includes tracked stability of the extract, ensuring the highest standards of GMP quality and compliance.
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HEMP, INC. WELCOMES USDA APPROVAL OF GMO HEMP STRAIN – A STEP FORWARD IN CANNABIS BIOTECHNOLOGY
LAS VEGAS, NV, April 09, 2024 (GLOBE NEWSWIRE) — via NewMediaWire — Hemp, Inc. (OTC: HEMP), a leader in the industrial hemp sector, is pleased to report on a significant development in cannabis biotechnology – the USDA’s approval of a genetically modified (GMO) hemp strain, a testament to the advancements and potential within this burgeoning industry. The newly approved GMO hemp variety, a breakthrough by the University of Wisconsin, is known as “Badger G”. Unlike traditional breeding methods that rely on the selection and crossbreeding of plants with natural genetic variations, “Badger G” has been crafted through precise genetic editing to amplify certain desirable traits – in this case, the cannabinoid CBG – while eliminating THC and CBD production.
Hemp, Inc. recognizes the pivotal role of biotechnology in the evolution of the cannabis industry. This innovative strain stands to solve a pivotal problem in the hemp cultivation sector: regulatory compliance regarding THC levels. “Badger G” has been engineered to produce non-detectable THC. This is a groundbreaking solution for growers who face the risk of crop destruction if THC levels exceed the legal threshold.
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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 878,000 AND 629 DISPENSING LOCATIONS
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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 12 2024- 878,724 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 Pattients Last Week: 833
Qualified Ordering Physicians: 2,503
New Doctors Last Week: - 54 Reporting Period: APR 5 to APR 11 2024 Amount of Medical Marijuana Dispensed - (mgs THC) 335,838,118
Amount of Low-THC Cannabis Dispensed - (mgs CBD) 3,542,771
Amount of Marijuana in a From for Smoking (oz) 110,178.304 Approved Dispensing Locations: 629 ADD LAST WEEK : 1
AYR CANNABIS - FORT MYERS |
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 |
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