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 |
REGISTER FOR NEXT MEETING WEDNESDAY, APRIL 10, 2024 AT 6:30PM THE "FLORIDA MEDICAL CANNABIS
PHYSICIAN GROUP" (FMCPG) FOR ALL "MEDICAL MARIJUANA DOCTORS"
AND "MMTC DIRECTORS ONLY " TOPICS TO BE DISCUSSED "2024/25 LEGISLATIVE PRIORITIES"
FOR PRESENTATION IN TALLAHASSEE AND
LASTEST FROM TALLAHASSEE FOR 2024
UPDATE ON THE HEMP BILL UPDATES ON RFE REQUESTS
PROTECTING YOUR MEDICAL CANNABIS PRACTICE QUESTIONS FROM PHYSICIANS HOW TO BEST ANSWER YOUR PATIENT QUESTIONS
MEMBERS OF THE FLORIDA MEDICAL CANNABIS PHYSICIANS GROUP EMAIL CHARLES FELIX AT charles@cannabisnewsflorida.com
FOR THE MEMBER DISCOUNT CODE FOR THIS YEARS FLORIDA MEDICAL CANNABIS CONFERENCE & EXHIBITION |
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 |
VIRIDIAN CAPITAL CHART OF THE WEEK: IS THE RISE IN FLORIDA CENTRIC CANNABIS STOCK PRICES OVERDONE? (PROBABLY NOT!)
BY: Viridian Capital Advisors, LLC ( WWW.VIRIDIANCA.COM)
-Florida centric cannabis stocks rose more than the overall market last week as investors await an April 1, 2024 deadline for the Florida Supreme Court to rule on whether adult Floridians will be allowed to vote for on a constitutional amendment to legalize adult recreational cannabis.
-Viridian calculated an estimate of the torque that each company has with regard to Florida. The measure (shown in the green bars) is the number of dispensaries each company has in Florida divided by the company’s enterprise value. Cansortium (TIUM.USD: CSE) and AYR (AYR.A: CSE) are the two companies with the highest torque, followed by Plane 13 (PLTH: CSE), and Cannabis (CBST: Cboe). The orange line depicts last week’s percentage increase in each company’s stock.
-Investors clearly believe the bill will be approved by the Florida Supreme Court. The graph shows Florida centric stocks outpaced stocks with less or no contribution from Florida.
READ MORE |
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 APPLAUDS FLORIDA SUPREME COURT FOR AFFIRMATIVE RULING ON THE SMART & SAFE FLORIDA BALLOT INITIATIVE
TALLAHASSEE, Fla., April 1, 2024 — Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company in the U.S., applauds the Florida Supreme Court for ruling affirmatively on the Smart & Safe Florida initiative and placing it on the 2024 General Election ballot. The initiative, if passed, will allow adults over the age of 21 to purchase cannabis products for personal consumption.
“We are thankful that the Court has correctly ruled the ballot initiative and summary language meets the standards for single subject and clarity. We look forward to supporting this campaign as it heads to the ballot this Fall,” said Trulieve CEO Kim Rivers.
READ MORE |
AYR WELLNESS ANNOUNCES UPSIZING OF GAINESVILLE CULTIVATION FACILITY MORTGAGE
MIAMI, March 26, 2024 — 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 that it has closed on a $8.4 million upsizing of its existing mortgage for its Gainesville cultivation facility (the “Facility”), increasing the principal amount of the mortgage to $48.4M.
Proceeds will be used to invest further in the Facility and the Company’s Florida business, as well as for general working capital purposes. Aside from the upsizing, there were no other changes to the terms of the mortgage, including the interest rate or the maturity date in 2033.
READ MORE |
INTERVIEW BY CHARLES FELIX WITH PETER GALLAGHER , CO-FOUNDER & CEO AND SARA SULLIVAN VP OF RETAIL DEVELOPMENT EXPERIENCE AND OPERATIONS FROM INSA CANNABIS – MARCH 2024 |
IANTHUS PROVIDES UPDATE ON EXECUTIVE TEAM
NEW YORK and TORONTO, March 29, 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, announces that Philippe Faraut will resign as Chief Financial Officer of the Company as well as all positions with the Company’s subsidiaries and its affiliates, effective as of April 5, 2024 (the “Resignation Date“). Mr. Faraut has served as the Company’s Chief Financial Officer since November 2022.
“On behalf of the Company, we would like to thank Philippe for his contributions and commitment to iAnthus since 2022,” said Mich Mathews-Spradlin, Chairwoman of the Board. “We wish him the best in all his future endeavors.”
READ MORE |
IANTHUS REPORTS FISCAL FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS
NEW YORK and TORONTO, March 28, 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 fourth quarter and year-ended December 31, 2023. The Company’s Annual Report on Form 10-K (the “Annual Report”), which includes its audited consolidated financial statements for the year ended December 31, 2023 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.
2023 Financial Highlights
Revenue of $159.2 million, down 2.4% from the prior year.
Gross profit of $63.2 million, down 15.1% from the prior year.
Gross margin of 39.7%, reflecting a decrease of 5.9% from the prior year.
Net loss of $76.6 million, or a net loss of $0.01 per share, compared to a net loss of $449.4 million, or a net loss of $0.13 per share, in the prior year.
Adjusted EBITDA(1) of $8.3 million, down $0.1 million from 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.
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SANCTUARY CANNABIS NOW OPEN FOR RECREATIONAL USE IN SCOTCH PLAINS, NEW JERSEY
SCOTCH PLAINS, N.J., March 29, 2024 — Sanctuary Cannabis proudly announces the expansion of its Scotch Plains dispensary to serve recreational cannabis users, located at 2581 US-22, Scotch Plains, NJ 07076. Following its successful launch as a medical cannabis provider, Sanctuary Cannabis now extends its mission to provide top-quality cannabis products to adult consumers in the Scotch Plains community.
Sanctuary Cannabis is a multi-state cannabis company dedicated to serving the community with a wide range of high-quality cannabis products, including flower, vapes, concentrates, and edibles, now available for both medical and recreational use.
“We’re thrilled to now offer our high-quality cannabis products to recreational consumers in the vibrant Scotch Plains community,” said Jason Sidman, CEO of Sanctuary Cannabis. “Expanding our services aligns with our commitment to enhancing well-being, fostering positive relationships, and ensuring accessible care for adults seeking safe and enjoyable cannabis experiences.”
READ MORE |
TRP UNVEILS FIRST TWO DISPENSARIES ON THE FLORIDA WEST COAST, CELEBRATING WITH A COOKIES TAMPA CITY TAKEOVER ON MARCH 30TH
TRP and Cookies Co-Founder & CEO, Berner, Debuts Two West Coast Cannabis Destinations in Florida’s Third-Largest City
March 28, 2024 – TAMPA–(BUSINESS WIRE)–TRP (www.trp.co), a leading cannabis retail, cultivation, and distribution platform, is thrilled to announce the dual opening of its Cookies Tampa dispensaries, the first locations on Florida’s west coast from the world’s most recognized cannabis company, Cookies. To celebrate, TRP is hosting a Cookies Tampa City Takeover on Saturday, March 30th.
The Cookies Tampa City Takeover celebration will begin at 9:00 a.m. at each location offering a free 3.5g of premium cannabis product to the first 100 patients in line at each store by 8:30 a.m. and feature in-store entertainment, exclusive discounts to neighboring local businesses like Dave’s Hot Chicken and Shiso Crispy with proof of Cookies purchase, and event-specific promotions — including the chance for one patient to unlock free weed for a year.
Cookies’ presence in Tampa, with its two locations now open to the public at 2961 N. Dale Mabry Highway #102 and 1509 E. Fletcher Ave, Suite #105, continues TRP’s commitment to expanding its footprint in key markets and partnership with Cookies in revolutionizing the cannabis shopping experience — as recognized by the New York Times, Forbes and Inc.com.
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NATIONAL AND INTERNATIONAL NEWS |
SWEETWATER BREWING UNVEILS NEW 420 VARIETY PACK
SweetWater Builds on Its Iconic 420 Extra Pale Ale with Three New Innovations
ATLANTA, April 02, 2024 — SweetWater Brewing Company (“SweetWater Brewing” or “SweetWater”), the largest craft brewer in the Southeast and a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), today announced its new 420 variety pack, an expansion of its iconic flagship 420 Extra Pale Ale that includes three new versions of the classic beer. The new 420 variety pack includes SweetWater’s original 420 Extra Pale Ale and the new 420 Citrus Haze Hazy Pale Ale, 420 Mango Crush Pale Ale, and 420 Extra Chill Cold Pale Ale and is now available across the southeast and select markets across the country nationwide.
As SweetWater’s flagship beer and the best-selling pale ale in Georgia, 420 Extra Pale Ale has symbolized the company’s high brewing standards and the 420-lifestyle rooted in good music and good vibes espoused by the company and its fans. The expanded 420 variety pack will continue this legacy, complete with the craft classic that started it all and three new easy-drinking styles.
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SWEETWATER BREWING LAUNCHES HAMMER RED AMBER ALE TO SUPPORT GEORGIA AQUARIUM
The Limited-Release Seasonal Is Part of SweetWater’s On-going Partnership with Georgia Aquarium
ATLANTA, March 28, 2024 — SweetWater Brewing Company (“SweetWater Brewing” or “SweetWater”), the largest craft brewer in the Southeast and a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), announced today the release of its new Hammer Red Amber Ale, the latest collaboration beer as part of its partnership with Georgia Aquarium. A portion of sales of the limited-release beer will be donated to Georgia Aquarium to support its mission of inspiring awareness and preservation of oceans and aquatic animals worldwide. Hammer Red Amber Ale is available throughout Georgia now until October 2024.
Inspired by Georgia Aquarium’s research initiatives, education programs and conservation efforts that benefit sharks and rays, Hammer Red Amber Ale (5.6% ABV) is brewed with Magnum, Saaz, and Cascade hops and delivers light caramel flavors, with a touch of wheat for a refreshing finish with a little bite.
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BLÜM RESPONDS TO ALLEGATIONS OF CHILD MOLESTATION BY BERNARD STEIMANN, “PEOPLE’S CALIFORNIA” MANAGING MEMBER; DENOUNCES SEXUAL ABUSE OF CHILDREN
SANTA ANA, Calif., March 28, 2024 — Blüm Holdings, Inc. (OTCQB: BLMH) (“Company,” “we” or “us”), a cannabis company with operations throughout California, releases a statement publicly denouncing the sexual abuse of children. The statement is released in response to recently filed court documents that contain explicit detail of Bernard Steimann’s alleged sexual molestation of a minor.
The Company is gravely concerned by publicly filed court documents including an October 2023 Domestic Violence Restraining Order that contain explicit allegations that Bernard Steimann molested a minor, and detail a subsequent pediatrician examination, and referrals and investigations by authorities including Child Protective Services (“CPS”), a Child Abuse Service Team (“CAST”), the Newport Police Department, and medical professionals. The records indicate that a Request For Child Abduction Prevention Orders was filed as recently as March 19, 2024.
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UPDATE – BRECKENRIDGE BREWERY PARTNERS WITH DENVER NUGGETS TO LAUNCH CHAMPIONSHIP EDITION MILE HIGH CITY GOLDEN ALE
BRECKENRIDGE, Colo., March 28, 2024 — Breckenridge Brewery (“Breckenridge” or the “Brewery”), a pioneer in Colorado’s craft beer scene, and a subsidiary of Tilray Brands, Inc. (“Tilray” or the “Company”) (NASDAQ: TLRY and TSX: TLRY), announced today an exciting partnership with the Denver Nuggets to launch a celebratory beer, the ‘Championship Edition Mile High City Golden Ale’. This launch not only marks a unique collaboration celebrating the Nuggets’ recent championship triumph but also continues a tradition of exciting beer releases following the success of the 2020 Mile High City Copper Lager and the more recent launch of the Mile High City Golden Ale.
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ORGANIGRAM INVESTS IN U.S. BASED OPEN BOOK EXTRACTS REPRESENTING INAUGURAL JUPITER INVESTMENT
North Carolina-based Open Book Extracts is a leading ingredient provider, product formulator and manufacturer of hemp-derived extracts and products.
TORONTO–March 26, 2024– Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), (the “Company” or “Organigram”) is pleased to announce a US $2 million minority investment in Steady State LLC (d/b/a Open Book Extracts) (“OBX”) in the form of a convertible note.
Based in Roxboro within North Carolina’s “Research Triangle,” OBX specializes in legal cannabinoid ingredient production and serves as a one-stop formulation and finished goods manufacturer, simplifying its clients’ supply chains.
“We are extremely excited to make our first Jupiter pool investment in Open Book Extracts, a company that we’ve had on our radar for quite some time,” said Paolo De Luca, Chief Strategy Officer of Organigram. “OBX has a scalable platform, differentiated products, and a great team, all of which support its tremendous access to the U.S. market and leadership in the fast-growing hemp derivatives category,” he concluded.
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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 877,000 AND 627 DISPENSING LOCATIONS |
LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
MARCH 29, 2024 Report BY THE NUMBERS Qualified Patients: (Active ID Card):
MAR 22 2024- 877,178 MAR 15 2024- 876,716 MAR 08 2024- 876,346
MAR 01 2024- 875,470 FEB 23 2024- 873,219 Pattients Last Week: +776
Qualified Ordering Physicians: 2,615
New Doctors Last Week: - 26 Reporting Period: MAR 22to MAR 28 2024 Amount of Medical Marijuana Dispensed - (mgs THC) 349,623,527
Amount of Low-THC Cannabis Dispensed - (mgs CBD) 3,773,751
Amount of Marijuana in a From for Smoking (oz) 111,696.894 Approved Dispensing Locations: 627 ADD LAST WEEK : 1
TRULIEVE - COCOA BEACH |
UPCOMING MEETING AND CONFERENCES |
MEMBERS OF THE FLORIDA MEDICAL CANNABIS PHYSICIANS GROUP
EMAIL CHARLES FELIX AT charles@cannabisnewsflorida.com FOR THE MEMBER DISCOUNT CODE FOR THIS YEARS FLORIDA MEDICAL CANNABIS CONFERENCE & EXHIBITION |
Boca Raton, FL & Zoom April 6th & 7th 2024
9:00 AM – 4:00 PM Join Shari B. Kaplan, LCSW for a two- day CE accredited workshop providing an in-depth approach to best practices for integrative mental health. Kaplan will educate on her integrative approach from assessments, treatment plans and process. She begins with a thorough psychosocial assessment (this includes Bio-psychosocial assessment, family attachments/dynamics, medical history, spiritual beliefs, exercise, nutrition, relationships, strengths/deficits) to have an in depth understanding of patient, prepare for treatment and create treatment goals. READ MORE AND REGISTER |
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