2019 Cannabis Business Award's Publication of the Year |
WEDNESDAY, AUGUST 30, 2023 |
REGISTER FOR NEXT MEETING WEDNESDAY, SEPTEMBER 6, 2023 AT 6:30PM THE "FLORIDA MEDICAL CANNABIS PHYSICIAN GROUP" (FMCPG)
FOR ALL "MEDICAL MARIJUANA DOCTORS" AND "MMTC DIRECTORS ONLY " TOPICS TO BE DISCUSSED PROTECTING YOUR MEDICAL CANNABIS PRACTICE
Updates on RFE Requests Becoming a Chapter of the Society of Cannabis Clinicians
QUESTIONS FROM PHYSICIANS HOW TO BEST ANSWER YOUR PATIENT QUESTIONS |
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 |
HURRICANE IDALIA INSURANCE TIPS BY GED LAWYERS
DOCUMENT EVERYTHING:
1. Assess and document the damage. Take lots of pictures and videos of everything damaged on your property.
2. Get a notebook and keep record of all the important numbers, names, contact information, letters & phone calls to and from the insurance company.
3. Be proactive in the claims process. Do not wait for the insurance company to get back to you. If you write them a letter and they do not respond write another letter stating exactly that. It's very important to build a paper trail between you and the insurance company.
4. The insurance company is a for profit company. Think of your claim as a negotiation.
5. Do not sign legal documents without the consultation of a qualified attorney. You may be giving up your rights to take further action.
Our team of property damage attorneys are watching the storm closely for new developments. For more information on hurricane preparedness, and what steps to take before and after the storm, click the link below. We will remain open to take calls 24/7 during and after the storm to assist you in any way possible. Click Here |
NEWS FROM THE PAST WEEK RELATING TO THE BUSINESS OF MMTC'S
IN FLORIDA Click on Company Logo to be Transferred to Web Site |
CANSORTIUM REPORTS SECOND QUARTER 2023 RESULTS
– Q2 Revenue up 9% Sequentially and YoY to $24.4 Million –
– Q2 Cash from Operations of $4.8 Million; 7th Consecutive Quarter of Positive Cash Flow –
TAMPA, Fla., August 28, 2023 — Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) (“Cansortium” or the “Company”), a vertically-integrated, multi-state cannabis company operating under the FLUENT™ brand, today announced financial and operating results for the second quarter ended June 30, 2023. Unless otherwise indicated, all financial results are presented in U.S. dollars.
“We continued to drive revenue growth and cash flow generation during the second quarter through a combination of organic growth as well as new store openings in Florida,” said CEO Robert Beasley. “We have opened four new stores in Florida this year that are still ramping and we continue to expect opening an additional 1-2 new stores before year end, all while continuing to improve our cultivation to deliver more high-THC products.”
“In Pennsylvania, we generated another quarter of organic growth as our inventory optimization and expanded product assortment continues to resonate with patients. And in Texas, we logged our first B2B sale during the quarter and continue to expect opening our brick-and-mortar delivery center in Houston in the coming months. We look forward to executing on our plans as we deliver another year of revenue growth and cash flow generation in 2023.”
READ MORE |
CANSORTIUM ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
Augus 23, 2023 — Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) (“Cansortium” or the “Company”), a vertically-integrated, multi-state cannabis company operating under the FLUENT™ brand, is pleased to announce the voting results from its annual general and special meeting of shareholders (the “Meeting”) held on August 16, 2023.
All matters presented to the Meeting were approved by the Company’s shareholders, including:
(i) the election of five nominees to the board of directors as proposed by the Company in its management information circular, being Robert Beasley, Roger Daher, Mark Eckenrode, William Smith and John Mazarakis;
(ii) the re-appointment of Baker Tilly US, LLP as auditor of the Company;
(iii) the re-approval of the Company’s stock option plan for a further three years, including the approval of all unallocated stock options to purchase common shares of the Company (“Common Shares”), in accordance with the policies of the Canadian Securities Exchange (the “CSE”); and
(iv) the re-approval of the Company’s restricted share unit award plan for a further three years, including the approval of all unallocated restricted share units to receive Common Shares, in accordance with the policies of the CSE.
READ MORE |
NEW NAME
HOUSE OF PLATINUM CANNABIS |
RED WHITE & BLOOM REPORTS RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023
TORONTO, Aug. 29, 2023 — Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is pleased to report it has filed its Condensed Interim Consolidated Unaudited Financial Statements, Management Discussion and Analysis and associated certifications for its second quarter ended June 30, 2023 (collectively, the “2023-Q2 Filings”). The 2023-Q2 Filings may be accessed under the Company’s SEDAR+ profile at www.sedarplus.ca.
2023-Q2 Financial Highlights
Revenues were $21.9 million for 2023-Q2 and $49.0 million for the first 6 months of fiscal 2023.
Gross profit, before fair value adjustments, was $6.9 million for 2023-Q2 or 32% of 2023-Q2 revenues versus $4.8 million for the quarter ended June 30, 2022 (“2022-Q2”) or 18% of 2022-Q2 revenues.
Operating expenses were $9.8 million for 2023-Q2 versus $13.3 million for 2022-Q2.
Adjusted EBITDA(1) was $0.3 million for 2023-Q2 and $1.0 million for the first six months of fiscal 2023.
Colby De Zen, President of RWB, stated, “The Company is focused on expanding its premium, Platinum branded product offerings in existing and new markets in addition to creating new revenue opportunities across each of our distribution, retail and licensing channels. After our successful launch in Missouri last year and Arizona earlier this year, we are pleased to share that Platinum is now available in Canada with deliveries, in the third quarter, of Platinum branded products having arrived on shelves in Ontario. We continue to secure licensing opportunities for our Platinum branded products with key partners in targeted legal states and are in late-stage negotiations to add our sixth state in the early fourth quarter. In addition, through our continuing cost rationalization efforts, the Company has been able to successfully generate nearly $4 million (fiscal year to date) in reductions to its general and administrative expenses. The Company has also recently invested in the optimization of its manufacturing facilities through value-added enhancements, driven by automation and procurement strategies, designed to drive both labor and product cost efficiencies as well as an increase in overall production capacity.”
READ MORE |
RED WHITE & BLOOM PROVIDES UPDATE RELATING TO ALEAFIA HEALTH
Court approves RWB’s Stalking Horse Bid for purposes of Aleafia Health’s CCAA Sale and Investment Solicitation Process
TORONTO, August 22, 2023 — Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on matters relating to Aleafia Health Inc. (“Aleafia Health”).
RWB is pleased to announce that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has approved a stalking horse asset purchase and share subscription agreement (the “Stalking Horse Agreement”) pursuant to which RWB would acquire certain assets from Aleafia Health and subscribe for shares of certain subsidiaries of Aleafia Health if RWB becomes the successful bidder pursuant to the sale and investment solicitation process (“SISP”) also approved by the Court in connection with the proceedings (the “Aleafia CCAA Proceedings”) of Aleafia and certain of its subsidiaries (collectively, the “Aleafia Group”) under the Companies’ Creditors Arrangement Act (the “CCAA”).
READ MORE |
PLANET 13 ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE VIDACANN, ACCELERATING ITS FLORIDA EXPANSION STRATEGY
August 28, 2023 – Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNHF) (“Planet 13” or the “Company“), a leading vertically-integrated multi-state cannabis company, today announced that it has entered into a membership interest purchase agreement (the “Purchase Agreement“) dated August 28, 2023 to acquire all of the ownership interests of VidaCann, LLC (“VidaCann“) from the sellers who currently own all of the membership interests in VidaCann (collectively, the “Sellers“).
VidaCann is engaged in the business of cultivating, processing, storing, transporting, and dispensing cannabis as well as leasing and operating cannabis cultivation, processing, fulfillment and storage, and dispensing facilities in the State of Florida.
READ MORE |
NATIONAL AND INTERNATIONAL NEWS |
DIGIPATH ANNOUNCES RECORD EARNINGS OF $292,533 FOR RECENT QUARTER ENDED JUNE 30
Lab Operations has Seen a Consistent Uptick in Sample Flow
LAS VEGAS, NV – August 29, 2023 – Digipath, Inc. (OTCQB: DIGP) (“DIGP” or the “Company”), a service-oriented independent analytical testing laboratory, focused on the cannabis and hemp markets, today announced that Revenues and Gross Margins increased over the same period last year based on results for the three month period ending June 30, 2023.’
Third Quarter Fiscal Year 2023 Company Highlights
At the corporate level, our earnings for the 3rdquarter this year were $292,533 versus ($576,733) in the same quarter last year.
At the lab level, our revenues were $787,549 in the last quarter versus $680,275 in the previous year and net income was $231,795 versus ($44,777) last year.
Management Comment
“We are thrilled with the increased revenue over the past year,” said Stone Douglass, Chairman of Digipath. “We have definitely seen an increase in sample flow from both old and new customers which is also a good sign for the industry,” Douglass added.
“Our goal was to build on last year’s momentum and increase revenues all around,” Todd Denkin, President of Digipath Labs, said. “We like to keep our clients happy with best-in-class customer service, our 3-day turnaround, free DNA removal, and our top-notch scientific staff. And we use the same philosophy to attract new brands, cultivators, and producers to experience the Digipath difference,” Denkin added.
READ MORE |
SILO WELLNESS ANNOUNCES LOI TO ACQUIRE NUGL/KAYA IN A TRANSACTION VALUED AT CAD $43,289,624.60; CSE TO HALT TRADING UNTIL SHAREHOLDER APPROVAL
EUGENE, Ore., Aug. 29, 2023- Silo Wellness, Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) (“SILO”) has confirmed its intention to acquire all of the issued and outstanding securities of NUGL Inc. (OTC Pink: NUGL) (“NUGL” or “TargetCo”) in a transaction valued at CAD $43,289,624.60, subject to the terms and conditions set forth in the binding Letter of Intent executed on August 28, 2023 in an arms-length transaction.
Terms of the Transaction:
-SILO shall hold an annual and general special shareholders meeting to obtain approval for the acquisition of NUGL/Kaya, to elect a new board that would result in a change of control of the resulting issuer, and for a potential share consolidation and potential name change.
-SILO will acquire 100% of the issued and outstanding shares of NUGL in exchange for 2,010,000,000 shares from treasury (all shares herein are pre-consolidation), for a purchase price of CAD $40,200,000.00.
-NUGL stock options, warrants, and other convertible securities will be adjusted to receive SILO Common Shares on an economically equivalent basis.
-Silo Wellness will issue common shares in a best-efforts private placement financing to raise gross proceeds of CAD $250,000.00 to $2M at 2 cents per share to validate the purchase price and cover costs to close the transaction, as well as provide additional capital for strategic growth post-merger.
READ MORE |
HIGH HAVEN ANNOUNCES OPENING OF THE GAS STATION CANNABIS RETAIL DISPENSARY IN DARIEN, ILLINOIS; SHARES GRAND OPENING DATE OF SEPTEMBER 2, 2023
August 28, 2023 – High Haven, (the “Company”) a female-led, minority-owned cannabis company, announced today the doors are now open at its new cannabis retail dispensary, The Gas Station, at 8131 S Cass Ave, in Darien, Illinois. Offering a unique speakeasy experience, The Gas Station combines premium cannabis products with an unparalleled retail ambiance, creating an innovative and unforgettable destination for cannabis enthusiasts and curious minds alike. High Haven will be hosting a grand opening event on September 2nd. Also participating in the grand opening event will be Qbar, Sesh Bus, and Prime Tacos, local to Illinois.
“My vision for High Haven has always been to create a safe space for cannabis consumers to connect with the plant and to create a first-class place to work,” says Mahja Sulemanjee-Bortocek, Founder and CEO of High Haven. “The Gas Station is our newest concept and we are delighted to enter the Illinois market with this unique store experience. High Haven doesn’t just exist to sell cannabis – we’re making the world a better place to work, live, and play for everyone by focusing on crafting the best customer and employee experience we can.”
READ MORE |
CLEVER LEAVES ANNOUNCES 1-FOR-30 REVERSE STOCK SPLIT TO AID COMPLIANCE WITH NASDAQ LISTING REQUIREMENTS
TOCANCIPÁ, Colombia, Aug. 24, 2023 — Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (“Clever Leaves” or the “Company”), a global medicinal cannabis company, announced that its Board of Directors has approved a 1-for-30 reverse split of its common shares (the “Reverse Share Split”). The Reverse Share Split will take effect at approximately 5:00 p.m. Eastern Time on August 24, 2023.
As a result of the Reverse Share Split, every 30 common shares of the Company will automatically be converted into one common share, reducing the number of issued and outstanding common shares from approximately 45.7 million to approximately 1.5 million, based on the number of shares outstanding as of August 10, 2023. No fractional shares will be issued in connection with the Reverse Share Split. Instead, pursuant to the Business Corporations Act (British Columbia), each fractional share remaining after completion of the Reverse Share Split that is less than half of a whole share will be rounded down to the nearest whole common share without consideration to the holders thereof and each fractional share that is at least half of a whole share will be rounded up to one whole share. The Reverse Share Split will apply to all of the Company’s outstanding common shares. The Reverse Share Split will not affect any shareholder’s ownership percentage, except for changes as a result of the elimination of fractional shares and will not alter the voting rights or other rights attached to the shares.
READ MORE |
VILLAGE FARMS INTERNATIONAL ANNOUNCES TRANSITION OF PURE SUNFARMS’ LEADERSHIP
— Orville Bovenschen, Chief Operating Officer, Pure Sunfarms, Appointed President /
Mandesh Dosanjh Steps Down and Will Assume Transitional Advisory Role –
VANCOUVER, British Columbia, Aug. 22, 2023 — Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced the appointment of Orville Bovenschen as President of Pure Sunfarms, effective immediately. Mandesh Dosanjh has stepped down from his role at Pure Sunfarms and will move into a strategic advisory position for a transitional 90-day period.
Mr. Bovenschen joined Village Farms as Vice President of European Business Development and Operations and was later named Chief Operating Officer of Pure Sunfarms, returning to the Village Farms’ facility he originally helped design, repurpose and commission for cannabis operations. He also formerly held several senior roles in cannabis, during which, among other things, he oversaw innovation and new product launches.
READ MORE |
LOWELL FARMS INC. ANNOUNCES SHARE CONSOLIDATION
SALINAS, Calif., Aug. 23, 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, announces it is consolidating all of its subordinate voting shares (“Subordinate Voting Shares”) on the basis of one post-consolidation Subordinate Voting Share for every ten pre-consolidation Subordinate Voting Shares, effective August 31, 2023 (the “Effective Date”). The Company’s outstanding super voting shares (“Super Voting Shares”) will also be consolidated on the same basis as of the Effective Date (collectively, the “Consolidation”).
As a result of the Consolidation, the number of issued and outstanding Subordinate Voting Shares will be reduced from 112,761,904 to approximately 11,276,190, subject to adjustment for rounding, and the number of Super Voting Shares will be reduced from 202,590 to 20,259. Each shareholder’s percentage ownership in the Company and proportional voting power will remain unchanged, except for minor adjustments resulting from the treatment of fractional shares.
READ MORE |
A NEW CHILLED RITUAL IS HERE: SOLEI CANNABIS LAUNCHES ITS FIRST SPARKLING CBD BEVERAGES
Enjoy The Real Fruit Juice Flavours of Solei’s Mango Passionfruit and Dragonfruit Watermelon now Available in Ontario, Quebec and Alberta made for #ElevationOnYourTerms
TORONTO, Aug. 24, 2023 — Tilray Brands, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis and consumer packaged goods company, today debuts two new ready-to-drink carbonated beverages by its premium cannabis wellness brand, Solei. Introducing Mango Passionfruit and Dragonfruit Watermelon Sparkling CBD Beverages, Solei’s fresh and convenient offerings feature the non-intoxicating effects and key benefits CBD with a mild dose of THC, alongside a burst of tropical flavours.
READ MORE |
BELOW ARE THE LINKS TO THE DIRECTORY OF FLORIDA CANNABIS DOCTORS AND
DISPENSARIES IN THE STATE OF FLORIDA |
QUALIFIED PATIENTS OVER 841,000 AND 588 DISPENSING LOCATIONS
|
LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
AUGUST 25, 2023 Report
BY THE NUMBERS Qualified Patients: (Active ID Card):
AUG 25 2023- 841,580 AUG 18 2023- 840,041 AUG 11 2023- 838,470
AUG 4 2023- 837,122 JULY 28 2023- 835,879 Patients Last Week: 1,539
Qualified Ordering Physicians: 2,627
New Doctors Last Week: 8 Reporting Period: AUG 18 TO AUG 24 2023
Amount of Medical Marijuana Dispensed - (mgs THC) 331,377,373 Amount of Low-THC Cannabis Dispensed - (mgs CBD) 2,717,282 Amount of Marijuana in a From for Smoking (oz) 106,137.995 Approved Dispensing Locations: 588 ADD LAST WEEK - 1
SURTERRA WELLNESS - MIAMI BEACH |
UPCOMING MEETING AND CONFERENCES |
IT'S TIME TO SHOW THE HEALTHCARE COMMUINITY HOW YOU HELP THEIR PATIENTS
PARTICIPATE IN SFHHA ANNUAL GOLF TOURNAMENT |
ADVERTISEMENT OPPORTUNITIES
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:
· MMTC PROMOS LISTED IN EACH E-NEWSLETTER
• Directory Listing
• Banner Ads
• Ad Space in the Newspaper
• Feature Articles
• Weekly Newsletters
For further information or to make your ad reservation, please call:561-368-6950 / 954-605-4785 cell charles@cannabisnewsflorida.com
|
|
|