2019 Cannabis Business Award's Publication of the Year |
WEDNESDAY, AUGUST 21, 2024 |
FMCPG HAS BEEN SERVING AND REPRESENTING THE CANNABIS PHYSICIAN COMMUNITY
SINCE 2020 |
THE
"FLORIDA MEDICAL CANNABIS PHYSICIAN GROUP"
(FMCPG) FOR ALL
"MEDICAL MARIJUANA DOCTORS"
AND "MMTC DIRECTORS ONLY " DISCUSSION WILL INCLUDED:
REVIEW OF THE OMMU AND CHANGES TO THE DOCTOR'S PATIENT INPUT PORTAL ON THE OMMU WEBSITE.
DOCTORS WITHIN OUR GROUP WILL DISCUSS HOW THEY HAVE BEEN WORKING AROUND SOME OF THE CHANGES
LEGISLATIVE AGENDA FOR 2024 -2025
REF'S ISSUES AND SOLUTIONS
CLICK HERE TO REGISTER FOR THE SEPT 11, 2024 MEETING |
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
|
Trulieve to Open Medical Cannabis Dispensary in New Port Richey, Florida
New Pasco County location will host grand opening celebration Friday, August 16th
TALLAHASSEE, Fla., Aug. 15, 2024 — Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company in the U.S., today announced the opening of a new medical cannabis dispensary in New Port Richey, Florida.
A grand opening celebration will be held Friday, August 16, beginning at 9 a.m., featuring music, specials, discounts, and opportunities to register for upcoming patient education sessions as well as learn about #YesOn3 and the ballot initiative to legalize adult cannabis use in Florida.
“We are proud to open our second dispensary in New Port Richey,” said Trulieve’s Chief Executive Officer Kim Rivers. “We look forward to bringing more of Trulieve’s renowned quality, service, and value to patients in Pasco County.”
READ MORE |
The Cannabist Company Expands Collaboration with Minority-Owned Edibles Company, ButACake, to Maryland Market
Exclusive Collaboration Launches Popular Oral Dissolvable Strips
Aug. 16, 2024– The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced today the latest development in its collaboration with the minority-owned baked goods and infused edibles company, ButACake, with its launch in the Maryland market.
The partnership expansion into Maryland includes the launch of ButACake’s popular oral dissolvable strips. The 10mg strips are available in 2-packs of Ginger Peach, Chocolate Mint and Blue Blizzard. All products are on shelves at gLeaf locations in Frederick and Rockville, in addition to the Columbia Care location in Chevy Chase. Additional ButACake products will be available in the coming months, pending regulatory approvals.
ButACake first teamed up with The Cannabist Company in April of 2023 by introducing infused baked goods to the Delaware market. Through its collaboration with The Cannabist Company, it entered the New Jersey market in late 2023. ButACake’s debut into Maryland marks the company’s third market.
READ MORE |
AYR Cannabis Dispensary Celebrates Opening of Manchester, Connecticut Retail Location
The Company’s first retail location in the state, opened in partnership with local attorney Tiana Hercules, features drive-thru and in-store shopping for cannabis customers
MIAMI, Aug. 19, 2024 — AYR Cannabis Dispensary, a cannabis retail chain owned by 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 the opening of AYR Cannabis Manchester, the Company’s first retail location in Connecticut and 94th nationwide. Located at 185 Spencer St, Manchester, CT 06040, AYR Cannabis Manchester began serving adult-use consumers and medical patients on August 16, 2024.
AYR Cannabis Manchester enters the Connecticut market via Connecticut Cultivation Solutions, an entity co-owned by Tiana Hercules Esq., a Hartford City Councilwoman and AYR. The entity was awarded a Disproportionately Impacted Area (“DIA”) license in Connecticut and combines Ms. Hercules’ local knowledge, expertise, and community ties, with AYR’s deep experience in operating dispensaries across its footprint of eight states, to serve Manchester and its surrounding communities, particularly those negatively impacted by cannabis prohibition.
READ MORE |
Curaleaf Announces the Opening of New Dispensary in Destin, Florida
New location in Destin expands the Company’s retail presence to 64 dispensaries in Florida and 150 nationwide
STAMFORD, Conn., Aug. 14, 2024 — Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer cannabis products, today announced it will open a new medical dispensary in Destin, Florida. Curaleaf Destin, located at 34761 Emerald Parkway, Suite #02, Destin, FL 32541, opens Wednesday, August 14. The Company’s latest expansion in the Sunshine State will increase its retail footprint to 64 retail locations statewide and 150 nationwide.
Curaleaf Destin is the Company’s first medical dispensary in Okaloosa County, servicing the area’s scenic coastline that stretches alongside Henderson Beach State Park. The Company’s latest expansion will reach more patients in northwest Florida, providing access to a wide selection of cannabis products and brands, including the new Select Fruit STIQ all-in-one vape, JAMS edibles, Grassroots, B NOBLE, and the Company’s all-in-one two gram vape, Select BRIQ.
READ MORE |
iAnthus Reports Second Quarter 2024 Financial Results
NEW YORK and TORONTO, Aug. 14, 2024 – iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN) (OTCQB: ITHUF), which owns, operates, and partners with regulated cannabis operations across the United States, today reported its financial results for the second quarter ended June 30, 2024. The Company’s Quarterly Report on Form 10-Q (the “Quarterly Report”), which includes its unaudited interim condensed consolidated financial statements for the three and six months ended June 30, 2024 and the related management’s discussion and analysis of financial condition and results of operations, can be accessed on the Securities and Exchange Commission’s (“SEC’s”) website at www.sec.gov, on the System for Electronic Document Analysis and Retrieval’s (SEDAR+) website at www.sedarplus.com, and on the Company’s website at www.iAnthus.com. The Company’s financial statements are reported in accordance with U.S. generally accepted accounting principles (“GAAP”). All currency is expressed in U.S. dollars.
Second Quarter 2024 Financial Highlights
-Revenue of $43.0 million, a sequential increase of 3.5% from Q1 2024 and an increase of 11.1% from the same quarter in the prior year. -Gross profit of $20.7 million, a sequential increase of 20.3% from Q1 2024 and an increase of 12.5% from the same quarter in the prior year. -Gross margin of 48.1%, reflecting a sequential increase of 673bps when compared to Q1 2024 and an increase of 62bps from the same quarter in the prior year.
-Net loss of $9.8 million, or a net loss of less than $0.01 per share, compared to a net loss of $14.0 million, or a net loss of less than $0.01 per share in Q1 2024, and compared to a net loss of $20.1 million, or a net loss of $0.01 per share, in the same quarter in the prior year.
-Adjusted EBITDA(1) of $8.9 million, a sequential increase from an Adjusted EBITDA of $3.2 million in Q1 2024, and an increase from an Adjusted EBITDA of $3.9 million from the same quarter in the prior year. EBITDA and Adjusted EBITDA are non-GAAP measures. Reconciliation tables of EBITDA and Adjusted EBITDA as used in this press release to GAAP are included below.
READ MORE |
Wiz Khalifa to Offer Exclusive Khalifa Kush Products ‘Powered by Planet 13’ for the First Time Ever at the Planet 13 Entertainment Complex
LAS VEGAS, Aug. 15, 2024 — Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (” Planet 13 ” or the ” Company ” ), a leading vertically-integrated multi-state cannabis company, today announced an exclusive partnership with multi-platinum selling, GRAMMY® and Golden Globe nominated artist Wiz Khalifa’s Khalifa Kush to cultivate, manufacture and sell Khalifa Kush premium products ‘Powered by Planet 13’ at the world’s largest dispensary just off the strip in Las Vegas. The 112,000 square-foot Planet 13 Entertainment Complex has become the flagship destination for celebrities to showcase the top brands in the industry.
Khalifa Kush will open its first ever ‘Store in Store’ inside the Planet 13 dispensary offering exclusive merch and strains Powered by Planet 13 that have never been grown in Nevada before. The launch will include a curated selection of flower phenotypes including the KK, Violet Sky, and Khalifa Mints strains starting on August 19, 2024. To celebrate the launch, Wiz Khalifa will make an appearance at Planet 13 on Friday, August 30, offering fans a chance to meet him in person.
“Khalifa Kush is known for its world-class quality and highly sought-after products, powered by proprietary genetics. Combined with our rigorous growing practices, this partnership promises to bring out the best of these genetics and showcase these strains like never before,” said Larry Scheffler, Co-CEO of Planet 13. “Planet 13 has been a leader in consistently cultivating premium flower and with the renowned genetics from the KK team, it’s a match made in cannabis heaven.”
READ MORE |
Viridian Industry Sector Tracker: Investors and Acquirers Target Florida Ahead of Potential Adult-Use The Viridian Sector Tracker analyzes the pace of capital raise and M&A activity for each of the twelve cannabis industry sectors we've been tracking since January 2015. There's been a consistent rotation of capital and M&A in and out of these sectors over time. Our data provides insight as to how to interpret and capitalize on these trends. CAPITAL RAISES BY STATE
New York ranks number one in total capital raised at $512.88M and now ties with California for the leading state in total transaction volume with 14 total raises for the LTM period ended 8/16/24. Florida ranks second in total capital raised at $288.47M and rose to second place in transaction volume with 11 transactions. California ranks third in total invested capital at $172.55M.
(CLICK HERE TO SEE TOP 10 STATES FOR CAPITAL RAISES)
M&A TRANSACTIONS BY STATE
California ranks number one in transaction volume by state with 12 deals for the LTM period ended 8/16/2024. Florida ranks second in total M&A transactions with 9 total deals completed. Colorado, Pennsylvania, Maryland, Ohio, Illinois, and Nevada have each completed 2 deals.
(CLICK HERE TO SEE TOP 10 STATES FOR M&A)
View This Week's Viridian Sector Tracker For a Deep Dive Into M&A and Capital Raise Transactions by Industry Sector
Wondering if Now is the Time to Sell Your Company? Contact Us We'll Give You the Facts of What Buyers Are Looking for in the Current Market About The Viridian Cannabis Deal Tracker
Launched in January 2015, and having analyzed more than $75B in deals, the Viridian Cannabis Deal Tracker is a proprietary data service that monitors and analyzes capital raise and M&A activity in the legal Cannabis, Hemp, and Psychedelics industries. Our insights help companies, investors, lenders and acquirers make informed capital allocation decisions. Each week the Deal Tracker provides proprietary data and market intelligence on transactions, including:
- Deals by Industry Sector (Track the Flow of Capital and M&A Deals by Industry Sector)
- Deal Structure (Equity/Debt for Capital Raises, Cash/Stock/Earnout for M&A)
- Principals to the Transaction (Issuer/Investor/Lender/Acquirer)
- Key Deal Terms (Deal Size, Valuation, Pricing, Warrants, Cost of Capital)
- Deals by Location of Issuer/Buyer/Seller (Track the Flow of Deals by State and Country)
- Credit Ratings (Leverage and Liquidity Ratios)
Contact Scott Greiper CEO Viridian Capital Advisors, LLC 646.330.0704 sgreiper@viridianca.com |
NATIONAL AND INTERNATIONAL NEWS |
Knowledge, Attitudes, and Beliefs Regarding Medical Cannabis Among Patients and Providers in Florida’s Long-Term Care Facilities
by: Jennifer Attonito, Katherine Freeman, Melanie K. Bone, Heather Howard, Carly Blum, George Luc
Abstract
Objectives: Medical cannabis (MC) has been found effective in treating multiple symptoms commonly experienced by older adults; however, residents in long-term care (LTC) often lack access to MC products. This study seeks to identify patterns and barriers to recommending MC to patients and to explore the knowledge and attitudes toward MC use among patients and providers.
Methods: The quantitative portion of this study employed a survey to assess the knowledge of, attitudes toward, and barriers to MC among 126 providers in Florida LTC. Frequencies were reported, bivariate associations were analyzed, and a final regression model predicting MC knowledge was tested. In-depth interviews were conducted with 25 LTC patients, and content was analyzed using the RADaR method.
Results: The age of the providers ranged from 21 to 74; 74% were female, 18% were Black/African American, and 17% reported Hispanic ethnicity. Less than half (37.2%) felt they received adequate training on MC. Having accurate knowledge about MC was associated with greater confidence in answering patients’ questions (p=0.002). Although most providers (94.2%) felt MC is a viable treatment option, the main barriers to recommending it to patients were a lack of proper training or clinical guidelines. Regarding patients, 16% reported ever using MC, and less than half (32%) had knowledge of MC or how to obtain products. Many believed it could help with symptoms and would consider its use if recommended by a doctor. However, they reported that MC was rarely recommended by providers and that they knew little about the use of this therapy.
READ MORE |
AFC Gamma Provides a New Senior Secured Credit Facility to Private Company Q and Expands Existing Senior Secured Credit Facilities for BeLeaf Medical and Sunburn Cannabis
Closed $11 million Senior Secured Credit Facility to Fund Expansion of New Borrower in Georgia
Committed $7.3 million in Supporting Continued Growth of Two Existing Borrowers
WEST PALM BEACH, Fla., Aug. 19, 2024 — AFC Gamma, Inc. (Nasdaq:AFCG) (“Advanced Flower Capital” or “AFC”) today announced it has closed a new senior secured credit facility for Private Company Q and expanded its existing senior secured credit facilities for BeLeaf Medical, LLC (“BeLeaf”) and Sunburn Cannabis (“Sunburn”) . These transactions underscore Advanced Flower Capital’s commitment to supporting the growth of its borrowers by providing timely, flexible and tailored financing solutions.
Private Company Q:
AFC has committed $11 million, with $4.3 million funded at closing, in a senior secured credit facility to Private Company Q, a Georgia-based operator holding a Class 2 cannabis license. The funds will be utilized towards the buildout of a cultivation and processing facility and to establish two new dispensary locations in Georgia. This credit facility will support Private Company Q in expanding its operations within the state, furthering its ability to serve the growing medical cannabis market.
BeLeaf: AFC has committed an additional $5.5 million under the expansion of BeLeaf’s facility and holds the entire $26.1 million expanded credit facility. The additional funds will be used to partially finance the acquisition of two dispensaries in Missouri, increasing the borrower’s vertical integration in the state. The terms of the credit facility remain consistent with the original agreement.
Sunburn:
AFC has committed an additional $1.8 million under the expansion of Sunburn’s credit facility and holds the entire $36.5 million expanded credit facility. The additional funds will partially finance the borrower’s buildout of two new dispensaries and additional low-cost cultivation capacity in Florida. The terms of the credit facility remain consistent with the original agreement.
READ MORE
| Rubicon Organics Reports Q2 2024 Financial Results
-Delivered record net revenue of $12.1 million (7% increase) for the three months ended June 30, 2024 -Delivered $21.0 million net revenue (5% increase) for the six months ended June 30, 2024 -Adjusted EBITDA1 of $0.9 million for the three months ended June 30, 2024 -Operating cash flow of $1.1 million for the three months ended June 30, 2024 -Free cash flow2 of $0.7 million for the three months ended June 30, 2024 -Number one premium licenced producer across all categories3
-2.0%4 national market share of flower and pre-rolls for the three and six months ended June 30, 2024 -5.7%5 and 6.1%6 national market share of premium flower and pre-rolls for the three and six months ended June 30, 2024 -Wildflower™ is the number one topical brand in Canada with market share of 28%7 for the six months ended June 30, 2024 -29.9%8 and 26.8%9 national market share of premium edibles for the three and six months ended June 30, 2024
-Launch of full spectrum extract vapes in BC, Alberta and Ontario
VANCOUVER, British Columbia, Aug. 15, 2024 (GLOBE NEWSWIRE) — Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified and premium cannabis, today reported its financial results for the three and six months ended June 30, 2024 (“Q2 2024”). All amounts are expressed in Canadian dollars.
READ MORE |
Jushi Holdings Inc. Announces Option Re-Pricing Program
BOCA RATON, Fla., Aug. 14, 2024 — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, is pleased to announce that its board of directors has approved an option replacement program with respect to certain options to acquire subordinate voting shares of the Company (collectively, the “Subject Options”) previously issued to six senior management employees and four independent directors (collectively, the “Eligible Participants”) under the Company’s 2019 Equity Incentive Plan (as amended, the “Option Plan“).
“The board of directors of the Company (the “Board”) believes that equity incentives are a key part of Jushi’s compensation philosophy for the Board and senior management, and in particular for the employees eligible for this program, all of whom have been with Jushi for over 5 years. Given the fact that the exercise price of the options held by the Eligible Participants is much higher than the current and recent trading prices of the Company‘s subordinate voting shares (the “Shares”) the Board believes the options eligible for replacement are not providing the incentive they were meant to provide. We believe this replacement will better align the short and long term incentives of the Board and senior management with the Company as we work to increase shareholder value” said Steve Monroe, lead director of the Company.
READ MORE |
TerrAscend Announces $10 Million Share Repurchase Program
TORONTO, Aug. 20, 2024 — TerrAscend Corp. (“TerrAscend” or the “Company”) (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis company, today announced that its Board of Directors has authorized the Company to commence a normal course issuer bid (“NCIB”) to repurchase up to USD $10 million of the Company’s common shares (“Shares”), from time to time over a 12-month period.
Jason Wild, Executive Chairman of TerrAscend, stated, “Our first ever stock buyback program demonstrates our confidence in TerrAscend’s future and commitment to enhancing shareholder value. As famed investor Benjamin Graham famously stated, ‘in the short run, the market is a voting machine, but in the long run, it’s a weighing machine’. We are confident in the strength of our business, growth prospects, operational excellence, and strong cash flow. We believe our equity has compelling value and will be opportunistic with our share repurchases.”
READ MORE |
Solei Launches New THC Infused Sparkling Beverages and Topicals
Discover Solei’s Refreshing CBD and CBG ‘Chilled Sips for Self-Care’ Beverages and Wind Down with Solei’s New Extra-Strength Deep Tissue Stick
TORONTO, Aug. 15, 2024 — Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), a leading global lifestyle and consumer packaged goods company today announced the expansion of its Solei cannabis product lineup. With the positive receptivity from their first initial launch of beverages last summer of 2023, Solei has launched two additional infused sparkling beverages with a focus on lower THC, and dominant CBD and CBG cannabinoids that now come in Blood Orange and Dark Cherry. For on-the-go convenience and active lifestyles, the new Solei Extra Strength Deep Tissue Stick features a refreshing cinnamon scent with a 1:1 balance of THC and CBD, targeting the support of rest and recovery. From new beverages to topicals, Solei sets the tone for what’s to come next for its innovation, as the brand builds its core offerings within growing cannabis categories for avid cannabis wellness enthusiasts across Canada.
“It’s amazing to see Solei continue to evolve into the cannabis wellness brand that it is. Launching the beverages for the first time last summer, we were thrilled to introduce products that we knew Solei’s consumers would naturally gravitate toward. Fast forward a year later, its new selection offers products that our team is proud to bring to life, and it makes us that much more excited to share the latest from Solei. With these new launches and recent innovations from beverages to new topicals, Solei aims to truly cater to an audience that seeks products for their everyday well-being,” said Blair MacNeil, President, Tilray Canada.
READ MORE |
MariMed Announces Opening of Second Maryland Dispensary
NORWOOD, Mass., Aug. 19, 2024 — MariMed Inc. (“MariMed,” “the Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, announced the opening of Thrive Wellness in Upper Marlboro, Maryland on Monday, August 19th, 2024.
This new location is MariMed’s second adult-use dispensary in Maryland, situated at 9520 Marlboro Pike in Prince George’s County, Upper Marlboro. The Company also owns and operates another Thrive Wellness dispensary in Annapolis, in addition to a cultivation and processing facility in Hagerstown.
“We are excited to expand our presence in Maryland with the launch of our second dispensary in the state,” said Jon Levine, Chief Executive Officer of MariMed. “Maryland represents a vibrant, high-growth market for adult-use cannabis. Expanding our dispensary footprint to the state’s maximum allowable of four locations has been a key strategic goal for us, and this opening brings us closer to achieving that. Although this dispensary wasn’t part of our 2024 financial plan, we’re enthusiastic about the potential it offers to further accelerate our revenue growth.”
READ MORE |
Springbig Reports Second Quarter 2024 Financial Results
-Second consecutive quarter with positive Adjusted EBITDA*, increasing year-to-date --Adjusted EBITDA* to $0.5 million, representing a $3.0 million year-on-year improvement -2% quarter-over-quarter increase in revenue to $6.6 million -Operating expenses reduced by 35% year-on-year
BOCA RATON, Fla., Aug. 13, 2024 — SpringBig Holdings, Inc. (“Springbig” or the “Company”) (OTCQX: SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced its financial results for the second quarter ended June 30, 2024.
“We continue to make good progress. Our newer offerings, such as ‘subscriptions by Springbig’ and ‘gift cards by Springbig’ are gaining traction as our clients increasingly recognize the value and benefits of our broader suite of offerings” said Jeffrey Harris, CEO and Chairman of Springbig who also added “we are pleased to report 2% quarter-over-quarter revenue growth in challenging macroeconomic conditions.”
Paul Sykes, Springbig’s CFO, added “We are reporting a second quarter with positive Adjusted EBITDA*, and our seventh consecutive quarter of improving Adjusted EBITDA*. Our Adjusted EBITDA* for the six months ended June 30, 2024, of $0.5 million represents a $3.0 million year-on-year improvement, achieved in a period where we have experienced a 9% decline in revenue due to clients being increasingly budget-conscious in managing their messaging volumes to within their subscription to avoid excess fees and churn arising due to some clients being financially stressed. We continue to manage the optimization of our operating expenses, which have reduced by 35% year-on-year and expect the continuing positive trend in our Adjusted EBITDA* to continue as the year progresses.”
READ MORE
|
Tilray Brands to Acquire Four Craft Beer Breweries from Molson Coors Beverage Company
Tilray’s Strategic Acquisition Will Strengthen its Craft Beer Leadership in the U.S. and Solidify Tilray Beverages as the #1 Craft Brewer in the Pacific Northwest and #1 in Georgia; Anchors Tilray in Key Markets, Texas and Michigan
Tilray’s Beverage Division Projected to Grow New Beer Accounts by 30%
NEW YORK, August 13, 2024 — Tilray Brands, Inc. (“Tilray”, “our”, “we” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a global lifestyle consumer packaged goods company elevating lives through moments of connection, today announced that the Company has entered into a definitive agreement to acquire four craft breweries from Molson Coors Beverage Company (“Molson Coors”) (NYSE: TAP). The acquisition includes Hop Valley Brewing Company, Terrapin Beer Co., Revolver Brewing, and Atwater Brewery.
Tilray’s beverage business is poised for even greater success with the latest addition of sought-after craft beer brands, known for their unique portfolio of beers. With the pending acquisition of these breweries, Tilray’s portfolio will expand across key beer markets adding 30% new beer buying accounts. The Tilray Beverages portfolio boasts a range of leading craft beer, spirits and non-alcohol beverages including SweetWater Brewing Company, Montauk Brewing Company, Alpine Beer Company, Green Flash Brewing Company, Shock Top, Breckenridge Brewery, Breckenridge Distillery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewing Company, Widmer Brothers Brewing, Square Mile Cider Company, HiBall Energy, and Happy Flower CBD sparkling cocktails. This strategic acquisition is expected to position Tilray for continued growth and expansion in the beverage industry.
READ MORE |
Shock Top and Gator Athletics Partner to Introduce First-Ever Craft Beer Sponsorship of the Florida Athletic Department
GAINESVILLE, Fla., Aug. 14, 2024 — The Shock Top Company, a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY) announces the first craft beer partnership with the Florida Athletic Department. Raise your glasses Gator fans because Shock Top, the king of zest, is officially stepping into the Swamp! As the proud and first craft beer sponsor of Gator Athletics, Shock Top will create an immersive fan experience at games and beyond with the Florida Gators’ first officially licensed co-branded craft beer, gameday activations, and a campaign celebrating the Gators year-round.
Prinz Pinakatt, Chief Marketing Officer at Tilray Beverages, said, “Partnering with the Florida Gators is the perfect opportunity for Shock Top to expand its presence in the Sunshine State. Connecting with fans on gamedays and tailgates is a crucial aspect of our strategy, and the passionate fan base of the Gators provides the ideal platform for us to do just that. Our beers are the perfect complement to a gameday experience, and we are thrilled to introduce the Gator Nation to our brand’s spirited vibe. Whether fans are cheering on the Gators at the stadium, tailgating, watching from a bar, or enjoying the game from home, Shock Top will be there to enhance their gameday experience.”
READ MORE |
BELOW ARE THE LINKS TO THE DIRECTORY OF FLORIDA CANNABIS DOCTORS AND
DISPENSARIES IN THE STATE OF FLORIDA | QUALIFIED PATIENTS
OVER 885,000
AND 664 DISPENSING LOCATIONS |
LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
AUGUST 16, 2024 Report BY THE NUMBERS
Qualified Patients: (Active ID Card) AUG 16 2024- 885,040 AUG 09 2024- 884,982
AUG 02 2024- 884,941
JUL 26 2024- 885,196
JUL 19 2024- 884,844
Pattients Last Week: 58
Qualified Ordering Physicians: 2,329
New Doctors Last Week: 6 Reporting Period: AUGUST 9 TO AUGUST 15, 2024
Amount of Medical Marijuana Dispensed - (mgs THC) 329,892,040
Amount of Low-THC Cannabis Dispensed - (mgs CBD) 2,904,927
Amount of Marijuana in a From for Smoking (oz) 116,943.967
Approved Dispensing Locations: 664
ADD LAST WEEK : 3
AYR - JACKSONVILLE
CURALEAF - DESTIN TRULIEVE - NEW PORT RICHEY
|
UPCOMING MEETING AND CONFERENCES |
Don’t miss this important one-day event! September 25th – FSU Turnbull Center – Tallahassee
The most comprehensive information related to Florida’s changing marijuana marketplace. Florida could soon be the biggest marijuana market in the country! Register now to meet the people and hear the voices that will shape the future of Florida’s marijuana industry. For more information visit our website or contact MMBAFL@tmcshows.com. (850) 385-3595.
READ MORE |
2024 Florida Cannabis Festival
November 2nd and 3rd |
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
|
|
|