2019 Cannabis Business Award's Publication of the Year |
FLORIDA SUPREME COURT SAYS YES!! |
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:
RESULTS OF SURVEY
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 JULY 24, 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
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TRULIEVE TO OPEN MEDICAL CANNABIS DISPENSARY IN GULF BREEZE, FLORIDA
New Santa Rosa County location will host grand opening celebration Friday, July 12th
TALLAHASSEE, Fla., July 10, 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 Gulf Breeze, Florida.
A grand opening celebration will be held Friday, July 12th, 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 Florida ballot initiative for adult use.
“We are excited to bring Trulieve’s world class customer service and assortment of high quality products to Gulf Breeze,” said Trulieve’s Chief Executive Officer Kim Rivers. “We look forward to serving patients and caregivers in south Santa Rosa County.”
Trulieve Gulf Breeze, located at 3271 Gulf Breeze Pkwy, will be open 9 a.m. – 8:30 p.m. Monday through Saturday and 11 a.m. – 8 p.m. on Sundays, offering walk-in and express pickup service.
READ MORE |
GREEN THUMB CONTINUES FLORIDA EXPANSION WITH THE OPENING OF TWO RISE DISPENSARY LOCATIONS IN TALLAHASSEE ON JULY 12
JULY 10, 2024 – RISE Dispensaries makes its debut in Florida’s capital city with the opening of RISE Tallahassee on Mahan located at 2459 Mahan Drive, and RISE Tallahassee on Tennessee, located at 1412 W Tennessee Street
Both locations are conveniently located off Highway 90 and bring the total footprint of RISE Dispensaries to 19 store locations across Florida RISE Tallahassee on Tennessee will host a grand opening celebration on August 23 and RISE Tallahassee on Mahan will host a grand opening celebration on August 30
CHICAGO and VANCOUVER, British Columbia, July 10, 2024 (GLOBE NEWSWIRE) — 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 the upcoming openings of RISE Dispensary Tallahassee on Mahan, located at 2459 Mahan Drive, and RISE Dispensary Tallahassee on Tennessee, located at 1412 W Tennessee Street, on July 12. The two locations expand the Company’s retail footprint to 19 Florida locations and 96 nationwide.
READ MORE |
CRESCO LABS ANNOUNCES VOTING RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
JULY 10, 2024- – Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “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 results of its annual general and special meeting of shareholders (the “Meeting”) held on July 10, 2024.
At the Meeting, the number of directors on the board of directors of the Company for the ensuing year was fixed at eight (8) by the shareholders and the following nominees for election as directors of the Company were elected by a majority of votes cast by the shareholders virtually present or represented by proxy at the Meeting: Charles Bachtell Tarik Brooks Gerald F. Corcoran Marc Lustig Thomas J. Manning Randy D. Podolsky Michele Roberts Robert M. Sampson Further, Marcum LLP was reappointed as the Company’s auditor for the ensuing year.
READ MORE |
This Week's Viridian’s Chart of the Week focuses on the strengths and weaknesses of different margins as a measure of profitability and credit quality.
The green line in the graph shows consensus estimates of 2025 net margins; the red line shows 2025 cash flow from operations margins, while the blue line shows consensus estimates of 2025 EBITDA Margins. The chart is arranged to show companies with the highest projected Cash Flow margins on the left.
Net margins are rarely discussed in cannabis, and a quick look at the graph shows why. Nine of the seventeen companies have negative net income estimates for 2025. The chief culprit is, of course, 280e taxes, and several of these companies are also overleveraged with relatively expensive debt dragging down net income.
Operating Cash Flow Margins have one huge benefit – they are the most difficult to manipulate. Most changes in accounting policies leave cash flow unchanged. Operating cash flow is where analysts should focus on determining debt capacity and ability to fund operations internally.
EBITDA is one of the best measures of the overall earnings power for all stakeholders. EBITDA multiples are often used to value companies using comparable company values.
Investors can be creatures of habit, reaching for the same tools for every use. Each of the multiples discussed should be calculated and weighed to form consistent and accurate valuation and credit judgments. Investors need to be aware of the assumptions they are making with too much emphasis on one of these measures.
View This Week's Viridian Chart of the Week For a Deeper Analysis of the Key Operting Margins Investors Need to Watch 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
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NATIONAL AND INTERNATIONAL NEWS |
GET READY TO ELEVATE YOUR CANNABIS EXPERIENCE WITH GOOD SUPPLY’S LATEST SIGNATURE VAPE INNOVATIONS Good Supply Celebrates 710 with New Vape Lineup for Cannabis Concentrate Connoisseurs
TORONTO, July 10, 2024 — Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), a leading global lifestyle and consumer packaged goods company, today announced that its Good Supply cannabis brand has released its updated lineup of flavourful 1G 510 vapes with phenomenal potency featuring a wide selection of the best flavours to choose from for 710 and beyond.
Good Supply’s 710 lineup of 1G 510 vapes includes the following flavour-forward favourites to explore: Banana Kush: A Kush to remember, featuring banana, citrus and earthy flavours Blue Dream: A classic that couldn’t possibly ever get old, featuring berry, fruity sweetness
Blue Raspberry: The perfect electric blend of sweet blueberries and cream Cherry Loops: Breakfast of champions featuring cherry, fruity, and citrus to fuel your day Frozen Watermelon: The perfect summer refresher featuring, cooling, fruity watermelon aromas Gooey Gold: A tasty combo of caramel, sugar and mocha Mango Passionfruit: A tropical goodness blend of Mango and Passionfruit Mountain Mist: Quench your thirst with this lemon, lime and orange throwback mix Orange Swirl: Take orange, vanilla and citrus for a spin – the perfect summer citrus treat in a vape Pineapple Express: Heady tropics with a hint of sweet and citrus notes
Purple Monkey: An original Good Supply fan favourite, including fruity notes, with grape and citrus Rocket Bomb: A classic trio of cherry, lime, and blue raspberry Tropical Chewy Bear: Sweet, tropical and fruity nostalgia READ MORE |
UNRIVALED BRANDS WINS ANOTHER KEY COURT BATTLE AGAINST PEOPLE’S CALIFORNIA, LLC
SANTA ANA, Calif., July 12, 2024 (GLOBE NEWSWIRE) — Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm Holdings,” “we” or “us”), a cannabis company with subsidiaries operating throughout California, announces two more legal victories by its wholly owned subsidiary, Unrivaled Brands, Inc. (“Unrivaled”), against People’s California, LLC (“People’s”). This time, Unrivaled successfully defended an ex parte application brought by People’s, with the Court denying People’s request for a multi-million dollar judgment to be entered against Unrivaled. At the same hearing, the Court granted Unrivaled’s application for a preliminary injunction barring People’s from attempting to foreclose on a building owned by an affiliated entity and invalidating a prior foreclosure attempt by People’s, following a previously granted Temporary Restraining Order in favor of Unrivaled.
People’s is owned, directly or indirectly, by Bernard Steimann, Jay Yadon, and Frank Kavanaugh. These are the latest in a string of legal victories against People’s over the almost two years since Sabas Carrillo took over as CEO. The legal victory comes after the sale of Blüm Santa Ana, a cannabis retail dispensary, pursuant to the Binding Settlement Term Sheet dated March 6, 2023 (the “Settlement”) that was intended to resolve all ongoing disputes between the parties, including claims of fraud brought by Unrivaled against Kavanaugh, Yadon, and Steimann.
READ MORE |
COLORADO CONSUMERS CLAMORING FOR BETTER SLEEP NOW HAVE AN INNOVATIVE NEW WAY TO ‘DIAL OUT’
FORMULATED TO QUICKLY AID WITH SLEEPLESSNESS, DIALED OUT BY DIALED IN GUMMIES FEATURES A 1:1:1 RATIO OF THC, CBD AND CBN ENHANCED WITH AZUCA’S TIME INFUSION FOR RAPID ONSET OF EFFECTS
DENVER, July 15, 2024 (GLOBE NEWSWIRE) — Sleepless in Salida, Steamboat – or maybe the San Juans? Wherever Coloradans might find themselves unable to slumber, Dialed In Gummies, a portfolio company of Sun Theory Holding Co., is offering relief for those lacking adequate shuteye. The renowned creator of award-winning solventless rosin edible products today announced the launch of Dialed Out by Dialed In Gummies, a new cannabinoid-infused gummy designed to help consumers quickly fall asleep easier and enjoy a full night’s rest.
Utilizing a uniquely innovative 1:1:1 ratio formulation of full spectrum THC solventless rosin completed with CBD and CBN, Dialed Out also features Azuca’s fast-acting TiME INFUSION® technology to generate quick onset of effects – all wrapped in a delicious acai berry flavor. Available now at Colorado dispensaries, the product is the first collaboration between Dialed In and Azuca, and is one of the only solventless extract gummies available formulated specifically to guide consumers into a state of deep relaxation.
“This product signals a significant milestone for Dialed In, becoming the first of our award-winning line of products designed for a specific use case,” said Max Vansluys, President of Dialed In Gummies. “With Dialed Out we wanted to create a product that sleepless consumers could count on to deliver the same, consistent result each and every time with no surprises. We think Dialed Out really fits the bill, and customers seem to agree. In a series of five focus groups conducted across Colorado, an overwhelming 80% of participants who tried the product reported that the Dialed Out formulation worked best for helping them fall asleep faster.”
READ MORE |
BELOW ARE THE LINKS TO THE DIRECTORY OF FLORIDA CANNABIS DOCTORS AND
DISPENSARIES IN THE STATE OF FLORIDA |
QUALIFIED PATIENTS
OVER 884,000
AND 656 DISPENSING LOCATIONS |
LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
JULY 12, 2024 Report BY THE NUMBERS
Qualified Patients: (Active ID Card) JUL 12 2024- 884,531
JUL 05 2024 881,780
JUN 28 2024- 883,567
JUN 21 2024- 883,375
JUN 14 2024- 882,933
Pattients Last Week: 2,751
Qualified Ordering Physicians: 2,281
New Doctors Last Week: 10 Reporting Period: JULY 5 TO JULY 11, 2024
Amount of Medical Marijuana Dispensed - (mgs THC) 349,307,185
Amount of Low-THC Cannabis Dispensed - (mgs CBD) 3,693,240
Amount of Marijuana in a From for Smoking (oz) 109,342.896
Approved Dispensing Locations: 656
ADD LAST WEEK : 1
GOLDFLOWER - OCALA |
UPCOMING MEETING AND CONFERENCES |
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
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