2019 Cannabis Business Award's
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ZOOM MEETING TONIGHT WEDNESDAY, JULY 12, 2023 AT 6:30PM THE "FLORIDA MEDICAL CANNABIS PHYSICIAN GROUP" (FMCPG)
FOR ALL "MEDICAL MARIJUANA DOCTORS" AND "MMTC DIRECTORS ONLY " TOPICS TO BE DISCUSSED WHAT YOU NEED TO KNOW ABOUT THE NEW TELEHEALTH BILL FOR CANNABIS PATIENTS JUST SIGNED BY THE GOVERNOR UPDATE FROM TALLAHASSEE ON THE HEMP BILL PROTECTING YOUR MEDICAL CANNABIS PRACTICE QUESTIONS FROM PHYSICIANS HOW TO BEST ANSWER YOUR PATIENT QUESTIONS |
NEWS FROM THE PAST WEEK
RELATING TO THE BUSINESS OF CANNABIS IN FLORIDA Click on Company Logo to be Transferred to Web Site |
Ways to Save at Trulieve
Accessibility to relief is important to us. That’s why we’re making it easier to afford the relief you need with opportunities to shop and save at Trulieve!
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AYR WELLNESS ANNOUNCES REFINANCING AND UPSIZING OF GAINESVILLE CULTIVATION FACILITY MORTGAGE
MIAMI, July 07, 2023 — AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator (“MSO”), today announced that it has closed on a $40 million refinancing and upsizing (the “Loan”) of its existing mortgage for its Gainesville cultivation facility (the “Facility”), with Needham Bank.
Proceeds from the Loan will be used to pay down the Company’s existing Gainesville mortgage of $25.3 million, which was due to mature in May 2024, and invest further in the Facility and the Company’s Florida business. The new Loan carries an interest rate of 5-year FHLB Rate + 4%, which currently implies a rate of 8.26%.
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NEW NAME
HOUSE OF PLATINUM CANNABIS |
VERANO ANNOUNCES THE OPENING OF MÜV FORT PIERCE, THE COMPANY’S 70TH FLORIDA DISPENSARY AND 131ST RETAIL LOCATION NATIONWIDE
MÜV Fort Pierce is located at 1006 South U.S. Highway 1, a busy thoroughfare with an average daily traffic count of 31,000 vehicles1
The dispensary is located in St. Lucie County, a growing region with a population of over 358,0002
Verano’s active operations span 13 states, comprised of 131 dispensaries and 14 cultivation and processing facilities with more than 1 million square feet of cultivation capacity
CHICAGO, July 06, 2023 — Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the opening of MÜV Fort Piece on Friday, July 7, the Company’s 70th Florida dispensary and 131st location nationwide. MÜV Fort Pierce is located at 1006 South U.S. Highway 1, and 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.
According to Florida’s Office of Medical Marijuana Use, there are currently over 830,000 qualified medical cannabis patients in the state. Florida medical cannabis sales are projected to potentially reach $2.6 billion by 2027, as reported by MJBiz Factbook 2023.
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NATIONAL AND INTERNATIONAL NEWS |
JUSHI ANNOUNCES SUPPORT FOR PENNSYLVANIA BIPARTISAN ADULT-USE CANNABIS BILL
BOCA RATON, Fla., July 06, 2023 – Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced its support for Senate Bill 846, which was introduced by Sens. Dan Laughlin (R-49) and Sharif Street (D-3) today, and would legalize cannabis for adults 21 years and older. Pennsylvanians are encouraged to have their voices heard by contacting their elected officials via pennadultuse.com.
Trent Woloveck, Jushi’s Chief Strategy Director, commented:
An overwhelming majority of Pennsylvanians support a regulated, equitable adult-use cannabis market, and it is time our elected representatives listen to their constituents.
With Maryland adult-use cannabis sales having come online this past weekend, and New York and New Jersey having started their adult-use programs earlier this year, Pennsylvanians are suffering the consequences due to the inaction of just a few of our elected officials. Unfortunately this outdated, head-in-the-sand attitude is costing Pennsylvania taxpayers hundreds of millions of dollars of new tax revenue, thousands of new jobs and denies adults access to choice.
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PANACEA LIFE SCIENCES HOLDINGS, INC. ENTERS INTO AGREEMENT TO NATURAL HEALTH AND WELLNESS CHAIN OF RETAIL LOCATIONS IN TAMPA, FLORIDA
Panacea Life Sciences Holdings, Inc. Enters Into Agreement to Natural Health and Wellness Chain of Retail Locations in Tampa, Florida
July 10, 2023 — Panacea Life Sciences Holdings, Inc. (OTCQB: PLSH) (“Panacea” or the “Company”), a plant-based natural health ingredient and product company, today announced it has entered into agreements to acquire eight retail locations in the Tampa, Florida area, offering Kava, Kratom, VAPE and CBD products and beverages operating as Nitro Kava & Kratom, including inventory, equipment and recipes, distribution facilities and a warehouse located in Largo, Florida, generating $2.9 million of annual revenues (unaudited) for the fiscal year ended December 31, 2022.
The purchase price for the acquisition consists of no cash and the agreement to issue approximately 85,000 shares of a new class of convertible preferred stock, which is convertible into approximately 8.5 million shares of common stock to the seller. The seller will be subject restrictions on transfer of such shares and a lockup for a two year period.
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LEEF BRANDS STRENGTHENS SUPPLY CHAIN WITH STRATEGIC PARTNERSHIP
VANCOUVER, British Columbia, July 07, 2023 — LEEF Brands, Inc. (CSE: LEEF, OTC: LEEEF) (“LEEF” or the “Company”), a leading vertical cannabis operator, is excited to announce a strategic partnership with Farming First Holdings, LLC (“Farming First”), a prominent player in the cannabis cultivation industry. This collaboration marks a significant milestone for LEEF as it solidifies its supply chain for the upcoming winter season.
Under the terms of the agreement, Farming First will cultivate 27 acres of biomass cannabis material exclusively for LEEF. This partnership ensures a steady and reliable source of high-quality biomass material, contributing to LEEF’s commitment to providing exceptional concentrate products to its customers. The planting of the cannabis crops is expected to commence over the summer, with an anticipated fall harvest.
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ENTOURAGE HEALTH ANNOUNCES INTERNATIONAL SALE OF BULK CANNABIS TO AUSTRALIA
Company successfully executes international sale and fulfilment of 100kg order of Bulk Medical Cannabis with Lyphe Australia
Company also issues Deferred Share Units to Board of Directors as Quarterly Director’s Remuneration
TORONTO, July 04, 2023 — Entourage Health Corp. (TSX-V: ENTG) (OTCQX: ETRGF) (FSE: 4WE) (“Entourage” or the “Company“), a Canadian producer and distributor of award-winning cannabis products, announced today the successful sale, execution and fulfilment of its first international order of 100kg of bulk medical cannabis to Australia. The Company expands its medical portfolio in partnership with Lyphe Australia Pty Ltd. (“Lyphe”), a wholly-owned subsidiary of Lyphe Group Ltd., which specializes in medical cannabis access for patients. Lyphe will now offer four of the Company’s strains to their medical cannabis patients in Australia.
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springbig Announces Preliminary Q2 Results and Updated Business Outlook
BOCA RATON, Fla., July 11, 2023 -- SpringBig Holdings, Inc. (“springbig” or the “Company”) (NASDAQ: SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs to the cannabis industry, today announced preliminary results for the quarter ended June 30, 2023 and provided an update on the outlook for the second half of the fiscal year.
Revenues for the three months ended June 30, 2023, are expected to be $7.2 million, representing 12% year-on-year growth, and Adjusted EBITDA loss is expected to be $1.1 million compared with $3.4 million in the same three-month period last year. For the first half of the fiscal year, revenues have increased by 14% year-on-year to $14.4 million and Adjusted EBITDA loss has been reduced by 58% to $2.5 million compared with $5.9 million in the same six-month period last year.
For the year ending December 31, 2023, springbig currently expects revenue in the range of $31.0 million to $32.5 million, representing 19% growth at the mid-point, and an Adjusted EBITDA loss in the range of $(1.5) million to $(2.0) million.
“We are pleased with the improvement in our financial performance which is being achieved in challenging end-market macro conditions,” said Paul Sykes, springbig’s CFO. “We have right sized our operating expenses, and this combined with continuing revenue growth results in the Company expecting to reach the critical milestone of Adjusted EBITDA profitability in Q3 of this year.”
As the Company has communicated repeatedly during the last nine months, springbig expects to turn Adjusted EBITDA positive during Q3 and to generate an Adjusted EBITDA profit in the range of $0.5 million to $1.0 million for the second half of this fiscal year. “These improved results are both a combination of consistent revenue growth along with adjusting the Company’s operating expense base to a going forward annualized rate of approximately $25 million or $6.25 million per quarter beginning in Q3 of this year. The operating expense base reduction represents a 30% reduction as compared to the Company’s run rate during the second half of 2022,” added Paul Sykes.
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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 831,000 AND 579 DISPENSING LOCATIONS
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LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
JULY 7, 2023 Report
BY THE NUMBERS Qualified Patients: (Active ID Card):
JULY 07 2023- 831,775 JUN 30 2023- 830,191 JUN 23 2023- 828,560
JUN 16 2023- 827,090 JUN 09 2023- 825,109 Patients Last Week: 1,584
Qualified Ordering Physicians: 2,561
New Doctors Last Week: 16 Reporting Period: JUNE 30TO JULY 6 2023 Amount of Medical Marijuana Dispensed - (mgs THC) 325,226,310
Amount of Low-THC Cannabis Dispensed - (mgs CBD) 3,276,953
Amount of Marijuana in a From for Smoking (oz) 109,803.035 Approved Dispensing Locations: 579 ADD LAST WEEK - 0 |
UPCOMING MEETING AND CONFERENCES |
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