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MAY 24, 2023 SPECIAL LEGISLATIVE UPDATE THE "FLORIDA MEDICAL CANNABIS
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NEWS FROM THE PAST WEEK RELATING TO THE BUSINESS OF CANNABIS IN FLORIDA Click on Company Logo to be Transferred to Web Site |
TRULIEVE ANNOUNCES OPENING OF AFFILIATED MEDICAL MARIJUANA DISPENSARY IN LIMERICK, PA
New dispensary expands patient access to medical cannabis with ribbon cutting and pop-up event
TALLAHASSEE, Fla., May 19, 2023 — Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company in the United States, today announced the grand opening of a new Trulieve-affiliated medical marijuana dispensary in Limerick, PA. Located at 451 West Ridge Pike, the doors will open 9 AM on Friday, May 19, 2023 with ongoing hours of 9 AM – 10 PM, seven days a week.
“Pennsylvania is one of the strongest medical markets in America,” said Trulieve’s Chief Executive Officer Kim Rivers. “We are proud to serve customers by offering quality products, first-class service and convenient locations throughout Pennsylvania.”
Trulieve invites the Limerick community to join in celebrating this new affiliated medical marijuana dispensary on Friday, May 19 with a ribbon cutting, partner giveaways, special discounts and more starting at 9 AM.
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GREEN THUMB TO OPEN RISE BRISTOL, ITS 80TH RETAIL LOCATION IN THE NATION, ON MAY 24TH
CHICAGO and VANCOUVER, British Columbia, May 23, 2023 — 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 Bristol, the Company’s fifth location in Virginia and 80th nationwide, will open on Wednesday, May 24th. Profits from the first day of sales will be donated to Virginia NORML.
“We are thrilled to open RISE Bristol in Virginia, further expanding Green Thumb’s commitment to providing access to premium cannabis brands,” said Green Thumb Founder, Chairman and Chief Executive Officer Ben Kovler. “RISE Bristol will serve as a place of well-being, compassion and support for medical cannabis patients in Virginia. By opening our doors and donating our first day’s profits to Virginia NORML, we stand united in advocating for the rights of patients and the continued advancement of access to cannabis.”
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NEW NAME HOUSE OF PLATINUM CANNABIS |
VERANO ANNOUNCES THE OPENING OF MÜV ZEPHYRHILLS, THE COMPANY’S 67TH FLORIDA LOCATION AND 127TH RETAIL LOCATION NATIONWIDE
-MÜV Zephyrhills is located at 5230 6th Street near U.S. Route 301, a busy highway with an average daily traffic count of up to 19,500 vehicles1
=The dispensary is based in Pasco County, a growing region with a population of over 584,0002
=Verano’s active operations span 13 states, comprised of 127 dispensaries and 14 cultivation and processing facilities with more than 1 million square feet of cultivation capacity
CHICAGO, May 18, 2023 — Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the opening of MÜV Zephyrhills on Friday, May 19 – the Company’s 67th Florida dispensary and 127th retail outlet nationwide. MÜV Zephyrhills, located at 5230 6th Street, is 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 816,000 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 |
GRN HOLDING CORPORATION SUCCESSFULLY COMPLETES MERGER WITH MARIJUANA INC., CREATING A LEADING FORCE IN THE CANNABIS INDUSTRY
ESTERO, Fla., May 23, 2023 – GRN Holding Corporation (OTC Pink: GRNF) announces the successful completion of its merger with Marijuana Inc., solidifying their position as a dominant player in the cannabis industry. This milestone achievement marks a significant step forward in their shared vision of delivering high-quality cannabis products and driving innovation in the market.
Following the completion of the merger, GRN Holding Corporation and Marijuana Inc. have merged into a consolidated entity, combining their respective strengths, expertise, and resources. This union enables the newly formed company to leverage a comprehensive network, tap into emerging growth opportunities, and enhance their competitive advantage in the rapidly evolving cannabis landscape.
Donald Steinberg CEO at GRN Holdings Corporation, says, “We are delighted to announce the successful completion of the merger between GRN Holding Corporation and Marijuana Inc. This strategic consolidation positions us as a frontrunner in the cannabis industry, enabling us to provide exceptional products, expand market reach, and drive sustainable growth. Together, we are committed to meeting the needs of consumers while upholding the highest standards of quality and service. The next step for GRN Holding Corporation is the name change to Marijuana Inc. and ticker change.”
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GREEN COMPASS, A WOMAN-FOUNDED USDA-CERTIFIED ORGANIC HEMP COMPANY, STANDS OUT AS A MISSION-BASED LEADER IN THE HEMP-BASED WELLNESS INDUSTRY
-President Meredith Cook and CEO Sterling Cook Advocated at the April 26 U.S. Hemp Roundtable in Washington, D.C. with Members of Congress
Wilmington, N.C. — May 17, 2023 — Green Compass, a mission-based market leader in the hemp-based wellness industry, headed to Washington D.C. to lobby in support of legislation to advance regulation within the hemp industry. Founders Meredith and Sterling Cook joined the U.S. Hemp Roundtable (USHR), a bipartisan coalition of leading companies and organizations that advocates for science-driven, equitable, and inclusive law and regulation for hemp industries. Green Compass joined the USHR Board of Directors earlier this year.
Regulatory developments have impacted the industry in a myriad of ways, with quality, safety, and other consumer protection concerns being the most significant to Green Compass.
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RUBICON ORGANICS REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS
-Net revenue of $8.8 million (71% increase from Q1 2022) for the three months ended March 31, 2023
-4th consecutive quarter of positive Adjusted EBITDA
-Achieved Adjusted EBITDA1 and operating cash flow of $0.2 million for the three months ended March 31, 2023
-2.1%2 national market share of flower and pre-rolls
-5.3%3 national market share of premium flower and pre-rolls
VANCOUVER, British Columbia, May 23, 2023 — Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics”, “Rubicon”, or the “Company”), a licensed producer focused on cultivating and selling organic certified, premium cannabis, today reported its financial results for the first quarter ended March 31, 2023 (“Q1 2023”). All amounts are expressed in Canadian dollars.
“Despite the historical sluggishness of the first quarter in the cannabis industry, Rubicon Organics has demonstrated an impressive 71% revenue growth (vs Q1 2022) and has delivered positive Adjusted EBITDA for the 4th consecutive quarter”, said Margaret Brodie, Interim Chief Executive Officer and Chief Financial Officer. “While acknowledging the ongoing challenges faced by the Canadian cannabis industry, including both licensed producers and retail stores, I maintain a positive outlook on the premium segment which continues to experience robust double-digit growth. With our diverse portfolio of consistent, high-quality products, Rubicon is well-prepared to meet the rising demand in this segment.”
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ATLAS SIGNS DEFINITIVE AGREEMENT TO ACQUIRE AN ADDITIONAL PHARMACY AND PROVIDES UPDATE ON EXPANDING ITS GLOBAL CANNABIS FOOTPRINT AND PROGRESSING ITS INTERNATIONAL VALUE CHAIN STRATEGY
-Atlas Global Brands signs definitive agreement to acquire an additional Israeli pharmacy
-The additional medical cannabis pharmacy enhances Atlas’ premium positioning in the Israeli market with its modern design, located in central Israel
-The completion of this acquisition will add another Israel-based pharmacy, licensed to sell medical cannabis, strengthening Atlas’ geographical coverage in Israel
-Inclusive of the previously announced signed letters of intent and definitive agreements, upon closing of these transactions, Atlas will own a majority interest in six pharmacies along with a trading house distribution centre in Israel
CHATHAM, ONTARIO and TEL-AVIV, ISRAEL, May 18, 2023 — Atlas Global Brands Inc. (“Atlas Global”, “Atlas” or the “Company”) (CSE: ATL), a cannabis company with expertise across the value chain, announces that it has entered into a definitive agreement (“Proposed Transaction”), signed May 17, 2023, for the acquisition of 51% of the outstanding securities of an Israeli private limited liability company operating a medical cannabis pharmacy (the “Pharmacy”). The Proposed Transaction is one of two proposed acquisitions previously announced on March 7, 2023 upon the Company entering into binding letters of intent for the acquisition of a 51% and 70% interest in two medical cannabis pharmacies in Israel.
The Pharmacy was granted a license to sell medical cannabis in October 2022 and annualized sales have since grown to approximately NIS 6.0 million (approximately CAD $2.2 million).
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AVEXTRA CONTINUES ITS EUROPEAN EXPANSION, SUCCESSFULLY EXPORTING MEDICAL CANNABIS EXTRACTS TO ITALY
-Avextra has successfully exported EU-GMP standardised cannabis extracts manufactured at its German facility to its distribution partner in Italy
-Avextra extracts are the first Made in Germany products to serve significant unmet patient needs for oil-based cannabis medicines in Italy
-Italy is one of Europe’s largest and fastest growing markets for extract-based cannabinoid therapy. Avextra has a significant advantage with its focus on EU-GMP standardised extracts
-Exports into Italy increases Avextra’s European footprint and validates the company’s extract focused business strategy
BENSHEIM, Germany, May 17, 2023 — Avextra AG (“Avextra” or the “Company”), a leading vertically-integrated manufacturer of cannabis-based medicines located in Germany, is pleased to announce the successful export of its standardised cannabis extracts to Italy. This is a significant achievement for the company as it continues to expand into new high-growth medical markets and demonstrates continued execution capability across its European distribution platform.
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SWEET LEAF MADISON CAPITAL’S PREFERRED VENDOR PROGRAM HELPS LIGHT THE WAY FOR FLORIDA CANNABIS OPERATOR
GOLD LEAF FLORIDA LLC SECURES FINANCING FOR A SIGNIFICANT PURCHASE OF LED GROW LIGHTS FROM FOHSE, A MEMBER OF SLMC’S PREFERRED VENDOR PROGRAM
DENVER, May 17, 2023 — Sweet Leaf Madison Capital (SLMC), a nationwide provider of customized debt solutions for the middle-market cannabis industry, has announced that it is providing Gold Leaf Florida LLC (“Gold Leaf”) with financing for a major purchase of horticultural LED lighting through FOHSE, a world-class manufacturer of grow lights in the SLMC Preferred Vendor Program.
Gold Leaf is affiliated with Gold Leaf MD, a Maryland cannabis company that has successfully operated a dispensary and delivery service in Annapolis. Gold Leaf secured one of only 22 Medical Marijuana Treatment Center (“MMTC”) licenses in the state of Florida. These are granted to fully vertically integrated operations, and are highly valued owing both due to their scarcity and the significant economic potential of cannabis companies in Florida.
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DELTA 9 APPLAUDS MANITOBA GOVERNMENT ON BILL 10 AMENDMENT TO REPEAL 6% SOCIAL RESPONSIBILITY FEE
WINNIPEG, Manitoba, May 17, 2023 — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQB: DLTNF) (“Delta 9” or the “Company”), is pleased to support Bill 10 proposed by the Manitoba Conservative Government which would repeal the 6% Social Responsibility Fee (the “SRF”) on gross retail cannabis revenues. The Bill, if passed, would eliminate SRF owing from retailers retroactive to January 1, 2022. During the public consultations on Bill 10, cannabis retailers, including Delta 9, have encouraged the government to waive the fees owed for 2022 and 2023.
“We would like to thank the Manitoba Conservative Government and Minister Cullen for proposing the amendment to make the SRF repeal retroactive to January 2022. Cannabis retailers have voiced the need for this type of financial support to invest that capital back into their business, to lower prices, educate the public, create more jobs, and continue to put an end to the illegal market,” said John Arbuthnot, CEO of Delta 9. “When the social responsibility fee is eliminated, Manitoba will have one of the most competitive pricing programs for cannabis in Canada. This is a strong demonstration from the Manitoba Conservative Government that they have listened to the concerns of stakeholders and have brought forward swift supports for the cannabis retail sector.”
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BLAZE CANNABIS SOFTWARE ANNOUNCES ENTRY INTO NEW JERSEY WITH FIRST RECREATIONAL DISPENSARY EARTH & IVY
BLAZE point-of-sale software makes history as the cannabis SaaS provider for the first recreational-only dispensary in New Jersey
LOS ANGELES, May 23, 2023 — BLAZE®, the industry-leading cannabis software suite and point-of-sale platform for cannabis retailers and delivery services, proudly announced its partnership with the first recreational-only dispensary Earth & Ivy in New Brunswick, New Jersey.
“We recognized the incredible potential and innovative spirit of Earth & Ivy on our first call with their team. We’re excited to be the software partner of New Jersey’s pioneering cannabis retail venture. This is a testament to our commitment to innovation, reliability, and sustainability, also a clear indicator of BLAZE’s ever-expanding reach and impact in the cannabis industry,” said Chris Violas, Co-Founder and CEO of BLAZE.
New Jersey legalized recreational cannabis in April 2022 and has seen tremendous growth with nearly $329 million in adult-use sales and more than $226 million in medical sales. Despite only having 38 operational dispensaries, New Jersey is quickly becoming one of the most lucrative recreational markets in the country. Previously, only dispensaries with medical and recreational licenses have been able to sell cannabis to adult-use customers.
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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 818,000 AND 566 DISPENSING LOCATIONS
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LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
MAY 19, 2023
Report BY THE NUMBERS
Qualified Patients: (Active ID Card): MAY 19 2023- 818,679
MAY 12 2023- 816,944 MAY 05 2023- 814,965 APR 28 2023- 812,944
APR 21 2023- 810,675
Patients Last Week: 1,735 Qualified Ordering Physicians: 2,457 New Doctors Last Week: 16 Reporting Period: MAY 12 TO MAY 18 2023
Amount of Medical Marijuana Dispensed - (mgs THC) 308,564,189 Amount of Low-THC Cannabis Dispensed - (mgs CBD) 3,158,600 Amount of Marijuana in a From for Smoking (oz) 103,729.898 Approved Dispensing Locations: 566 ADD LAST WEEK +1
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