2019 Cannabis Business Award's Publication of the Year |
WEDNESDAY, OCTOBER 11, 2023 |
FMCPG HAS BEEN SERVING AND REPRESENTING THE CANNABIS PHYSICAN COMMUNITY
SINCE 2020 |
REGISTER FOR THE NEXT MEETING WEDNESDAY, OCTOBER 25, 2023 AT 6:30PM THE "FLORIDA MEDICAL CANNABIS PHYSICIAN GROUP" (FMCPG)
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TOPICS TO BE DISCUSSED REVIEW OF OUR
"2024 LEGISLATIVE PRIORITIES" FOR PRESENTATION IN TALLAHASSEE UPDATES ON RFE REQUESTS PROTECTING YOUR MEDICAL CANNABIS PRACTICE QUESTIONS FROM PHYSICIANS
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MEDICAL CANNABIS PHYSICIAN
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**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.
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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 PARTIAL REDEMPTION OF 13% SENIOR SECURED NOTES DUE MAY 2024
October 9, 2023– The Cannabist Company Holdings Inc. (NEO: 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 that it has delivered a notice of partial redemption (the “Notice”) to the holders of the Company’s outstanding 13% senior secured notes due May 14, 2024 (the “13% Notes”). The Notice provides that the Company will, on October 23, 2023 (the “Redemption Date”), redeem US$25 million of the total US$38.2 million principal amount of the Notes (the “Redeemed Notes”) currently outstanding (the “Partial Redemption”).
On the Redemption Date, Holders of Notes will have a portion of their 13% Notes, in denominations of $1,000, redeemed effective as of the Redemption Date on a pro rata basis in accordance with the terms of the trust indenture between the Company and Odyssey Trust Company (the “Trustee”) dated May 14, 2020, as amended and supplemented (the “Indenture”).
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NEW NAME HOUSE OF PLATINUM CANNABIS |
CRESCO LABS EXPANDS SUNNYSIDE IN CENTRAL PENNSYLVANIA WITH NEW STORE IN ALTOONA
CHICAGO – OCTOBER 5, 2023 – — Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” or “Company”), the industry leader in branded cannabis products with a portfolio of America’s most popular brands and the operator of Sunnyside dispensaries, today announced the opening of Sunnyside Altoona in the Commonwealth of Pennsylvania.
“We’re excited to expand in central Pennsylvania to meet the strong demand from patients and caregivers for top quality medical marijuana products,” said Charlie Bachtell, CEO and Co-founder of Cresco Labs. “Our primary focus in opening new stores in core markets like Pennsylvania is to maintain our leading wholesale market share and increase access to medical marijuana. We’ve found a great location for our new Sunnyside Altoona dispensary right off a major highway in a primary shopping area, and we look forward to serving patients and caregivers with their medical marijuana needs.”
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CRESCO LABS LAUNCHES GOOD NEWS BRAND IN PENNSYLVANIA WITH NEW SWEET TROCHES
CHICAGO–OCTOBER 9, 2023 — Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” or “Company”), the industry leader in branded cannabis products with a portfolio of America’s most popular brands and the operator of Sunnyside dispensaries, today announced the launch of its Good News brand in the Commonwealth of Pennsylvania. Good News’ first product, Sweet Troches (troh-kees), is a sublingual form offered in six flavors with 10mg THC. It is now available to purchase at all Sunnyside locations and other dispensaries in the state.
Cresco Labs brings its Good News brand to Pennsylvania with the launch of Sweet Troches (Photo: Business Wire)Cresco Labs brings its Good News brand to Pennsylvania with the launch of Sweet Troches (Photo: Business Wire)
“We’ve demonstrated repeatedly our ability to build our core brands and core products in new markets to meet market conditions, while also maintaining our strong number-one share positions,” said Charlie Bachtell, CEO & Co-founder of Cresco Labs. “Our branded portfolio is holding strong with the top share position in Pennsylvania. We have many targeted strategies in place to continue to grow our share in the state, such as launching smart innovations like Sweet Troches from Good News. So far, we’ve seen a strong reception from patients and caregivers for our Wonder Wellness Co. Mini Troches, and we’re pleased to offer more dosing options from our Good News brand.”
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VERANO CONTINUES FLORIDA RETAIL EXPANSION WITH THE OPENING OF MÜV APOPKA, THE COMPANY’S 71ST FLORIDA DISPENSARY AND 133RD RETAIL LOCATION NATIONWIDE
MÜV Apopka is located at 3301 East State Road 436, a busy thoroughfare with an average daily traffic count of 48,500 vehicles1
The dispensary is located in Orange County, a growing region with a population of over 1.4 million
Verano’s active operations span 13 states, comprised of 133 dispensaries and 14 cultivation and processing facilities with more than 1 million square feet of cultivation capacity
CHICAGO, Oct. 05, 2023 — Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the opening of MÜV Apopka on Friday, October 6, the Company’s 71st Florida dispensary and 133rd retail outlet nationwide. MÜV Apopka is located at 3301 East State Road 436, 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 848,000 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 |
VPRB IS PROUD TO ANNOUNCE ITS UPLISTING TO THE OTCQB MARKET
FORT LAUDERDALE, FL, October 10, 2023 – VPR Brands, LP (OTCQB: VPRB), a leading innovator in the market for vaping products and accessories, is pleased to announce its successful uplisting from the Pink Sheets to the OTCQB Venture Market. This significant corporate milestone underscores VPRB’s commitment to increasing shareholder value, corporate transparency, and governance standards.
“As we continue to grow and evolve, the uplisting to OTCQB marks a significant step forward in our ongoing efforts to enhance shareholder value,” commented Kevin Frija, Chief Executive Officer of VPRB. “We believe that trading on the OTCQB will provide us with greater exposure to institutional investors, broaden our shareholder base, and elevate our profile in the investment community.”
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HOUND LABS SHIPS THE FIRST COMMERCIAL CANNABIS BREATHALYZER
THE HOUND® CANNABIS BREATHALYZER SUPPORTS EMPLOYER DRUG TESTING PROGRAMS IN THE ERA OF CANNABIS LEGALIZATION
FREMONT, Calif., October 10, 2023 — Hound Labs, Inc., developers of breath testing technologies, announces the launch of its first commercial product offering, the HOUND® CANNABIS BREATHALYZER – Collect + Send.1 The Hound® solution enables employers to deter workday use by isolating the detection of recent cannabis use. Employers within the oil and gas, hospitality, and tourism industries are among the first customers to adopt the solution and receive the HOUND® CANNABIS BREATHALYZER.
As cannabis legalization increases employee access to THC, employers are seeking methods to continue testing for the drug that reduces risks in the workplace while maintaining employee recruitment and retention efforts. The Hound® solution is an ultra-sensitive, analytical cannabis test that identifies active THC molecules in breath. Introducing the drug testing industry’s shortest cannabis detection window, the HOUND® CANNABIS BREATHALYZER limits detection to use occurring before or during the workday. The Company’s Collect + Send solution facilitates standardized, automated, on-site collections and provides employers with lab-based results.
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CANOPY GROWTH ANNOUNCES EU GMP CERTIFICATION OF KINCARDINE CULTIVATION FACILITY
Certification Enables Canopy Growth to Continue Exporting High Quality Cannabis to Global Medical Markets
SMITHS FALLS, ON, October 10, 2023– Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC) announced today that it received EU GMP certification from RP Tuebingen, Regional Health Inspectorate of Baden-Wuerttemberg for the Company’s world class cannabis cultivation facility in Kincardine, Ontario.
As a final step to completing the Company’s consolidation of its production footprint into two purpose-built sites, the receipt of EU GMP certification enables Canopy Growth to continue exporting certified medical cannabis to medical markets in Europe as well as other medical cannabis markets around the world.
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CAN B CORP. EXPECTS NEARLY $500,000 ANNUAL SAVINGS WITH SUCCESSFUL COMPLETION OF MOVE OF PURE HEALTH PRODUCTS FROM LACEY, WA TO COLORADO
HICKSVILLE, NY, Oct. 10, 2023 — via NewMediaWire – Can B Corp. (OTCQB: CANB) (“Can B” or the “Company”), a health and wellness company specializing in developing, producing, and selling hemp-derived cannabinoid products, is pleased to announce its move and consolidation of its Pure Health Product operations from Lacey, WA to Colorado. This furthers Can B’s corporate consolidations as it previously did with Miami and McMinville operations also relocating to Colorado.
Marco Alfonsi, Can B’s Chief Executive Officer, stated, “This consolidation is expected to save the Company nearly $500,000 annually in rent, staffing and shipping related expenses. We have just completed delivery of 3 of the expected 4 semi-loads of equipment and raw materials for Pure Health Products from Lacey, WA, to Colorado. Today, Colorado is the base of operation for all manufacturing, processing, packaging, and shipping of all hemp and non-hemp related, CBD, nutrients, supplements, and Superfood products for all Can B subsidiaries.”
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TILRAY NOW HOLDS 5%[1] OF U.S. CRAFT BEER MARKET SHARE AND BECOMES 5TH[2] LARGEST CRAFT BREWER IN THE COUNTRY, #1 CRAFT BREWER IN THE PACIFIC NORTHWEST, #4 IN THE SOUTHEAST, AND 5TH IN THE NORTHEAST
TILRAY SUCCESSFULLY EXECUTES DIVERSIFIED GROWTH STRATEGY AND EXPANDS HIGH GROWTH BEVERAGE BUSINESS
NEW YORK, October 2, 2023 – Tilray Brands, Inc. (“Tilray Brands”, “Tilray”, “we” or the “Company”) (Nasdaq | TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today announced that the Company has closed its all-cash previously-announced acquisition of eight beer and beverage brands from Anheuser-Busch (NYSE: BUD), including the breweries and brewpubs associated with them. The acquired businesses include Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company, and HiBall Energy.
In 2023, the U.S. craft beer market is projected to generate approximately $30 billion in revenue, and to grow at a CAGR of approximately 7.2% through 2030[3]. Combined with the pro forma sales revenue from the acquired businesses, Tilray Brands is expected to become the 5th largest craft beer business in the U.S. market this year2, up from the 9th, with its current brands SweetWater Brewing Company, Montauk Brewing Company, Alpine Beer Company, and Green Flash Brewing Company.
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KING PALM ANNOUNCES ‘CHAMPIONSHIP EDITION’ BLUNT ROLL IN HONOR OF UFC 292 VICTORY BY SEAN O’MALLEY
RIVERSIDE, Calif., Oct. 04, 2023 — King Palm, an all-natural smoking wrap company, has announced the Championship Edition of its popular King Palm Suga Punch Blunt Roll, part of the company’s ongoing collaboration with UFC fighter Sean O’Malley. The blunt roll, which celebrates O’Malley’s recent ascent to UFC Bantamweight Champion, will feature a flavored terp ball in the tip as well as a custom-designed band featuring a UFC-style title belt with the date of Suga’s victory.
O’Malley—better known as “Suga” Sean—has blazed an unmistakable trail through the UFC in recent years, emerging as one of its most exciting figures both in and outside of the octagon. Unsurprisingly, his co-branded mini roll launched with King Palm in 2021, debuted as one of the company’s top products and has subsequently become one of the most sought-after varieties in the company’s arsenal. When a customer indulges in the Squeeze and Pop experience, they rave about the distinctive flavor fusion featuring notes of honey and oranges.
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PANACEA LIFE SCIENCES HOLDINGS, INC. COMPLETES ACQUISITION OF N7 ENTERPRISES WITH EIGHT NATURAL HEALTH AND WELLNESS RETAIL AND ONE DISTRIBUTION CENTER LOCATIONS IN THE TAMPA, FLORIDA AREA
GOLDEN, Colo., Oct. 05, 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 acquired eight retail locations and one distribution center in the Tampa, Florida area offering Nitro Kava, Kratom, VAPE products and beverages. Operating as N7, the acquisition marks an expansion of the Company’s business into retail stores from its historic focus on its branded health and wellness products, ingredient and contract manufacturing. The name of the stores will change to PanaceaDistro for the initial phase of expansion. For the fiscal year ended December 31, 2022, N7 generated approximately $2.6 million of revenues (unaudited).
Panacea plans on expanding by adding additional stores and offering new high quality plant-based products, in addition to offering store franchising opportunities.
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LOWELL FARMS INC. ANNOUNCES REPURCHASE OF $22 MILLION OF SENIOR SECURED CONVERTIBLE DEBENTURES
CALIFORNIA CANNABIS LEADER REPURCHASES ALL OUTSTANDING SENIOR SECURED CONVERTIBLE INDEBTEDNESS
SALINAS, Calif., Oct. 06, 2023 — Lowell Farms Inc. (the “Company”) (CSE: LOWL; OTCQX: LOWLF), a California-born vertically integrated cannabis company with advanced production capabilities including cultivation, extraction, manufacturing, and distribution, announced today that it has repurchased all of the $22,157,417 aggregate principal amount of outstanding Senior Secured Convertible Debentures of its subsidiary, Indus Holding Company, together with the related warrants to purchase 106,274,830 subordinate voting shares of the Company and 43,248,450 common shares of Indus.
Each holder received as the purchase price therefor, such holder’s pro rata share, based on the proportion of the outstanding Debentures held by such holder, of (x) membership interests in LF Brandco LLC (“Brandco“), an entity formed to hold the Company’s intellectual property relating to its “Lowell Smokes” and “Lowell Herb Co.” brands (including trademarks, logos and additional identifying marks, domain names and social media accounts), and (y) 6,849,572 Subordinate Voting Shares, representing approximately 36% of the Company’s consolidated, undiluted equity interests.
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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 851,000 AND 591 DISPENSING LOCATIONS
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LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
OCTOBER 6, 2023 Report
BY THE NUMBERS Qualified Patients: (Active ID Card):
OCT 06 2023- 851,475 SEPT 29 2023- 848,942 SEPT 22 2023 - 846,585
SEPT 15 2023- 845,249 SEPT 8 2023- 844,148 Patients Last Week: 2,533 Qualified Ordering Physicians: 2,688 New Doctors Last Week: 10 Reporting Period: SEPT 29 TO OCT 5 2023
Amount of Medical Marijuana Dispensed - (mgs THC) 326,039,667 Amount of Low-THC Cannabis Dispensed - (mgs CBD) 2,775,870 Amount of Marijuana in a From for Smoking (oz) 106,687.054
Approved Dispensing Locations: 591
SANCTUARY - HALLANDALE BEACH ADD LAST WEEK - 1
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