2019 Cannabis Business Award's
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TONIGHTS MEETING WEDNESDAY, JULY 26, 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 |
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 ANNOUNCES APPOINTMENT OF RYAN BLUST AS INTERIM CHIEF FINANCIAL OFFICER
Trulieve Announces Appointment of Ryan Blust as Interim Chief Financial Officer
TALLAHASSEE, Fla., July 21, 2023 — Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company in the United States, today announced the appointment of Ryan Blust, the Company’s Vice President, Finance, as its interim Chief Financial Officer and the departure of Tim Mullany as Chief Financial Officer for personal reasons, each effective July 20, 2023. The Company has also retained the services of an executive recruitment firm to commence a search for a new chief financial officer.
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TRULIEVE OPENING MEDICAL CANNABIS DISPENSARY IN SANFORD, FLORIDA
Company announces grand opening and patient education sessions
TALLAHASSEE, Fla., July 21, 2023 — Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company in the United States, announced the grand opening of a new medical dispensary in Sanford, Fla. at 4740 W SR-46. The doors will open on Saturday, July 22 with hours of 9 AM – 8:30 PM Monday through Saturday and 11 AM – 8 PM on Sunday.
“We consistently seek opportunities to better serve medical cannabis patients beyond our convenient locations, great customer service and the broad selection of top-quality products,” said Trulieve’s Chief Executive Officer Kim Rivers. “One of those opportunities is education and we are also making complimentary Elevate Your Knowledge classes available to the Sanford community to advance cannabis health and wellness education.”
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MEDICAL MARIJUANA OPERATOR INSA OPENS THE DOORS TO ITS FLAGSHIP LOCATION IN JACKSONVILLE, FLORIDA
Insa Announces its Latest Entity within Florida Expansion Plan and Availability of New Cultivars, Concentrates, and Edibles to the Florida Medical Marijuana Market
Jacksonville, FL – July 11, 2023 – Insa, Inc., an independent, Massachusetts-based medical and adult-use cannabis company, is proud to announce their ninth medical cannabis dispensary in the Florida market. Following the store opening schedule announced last summer, Insa is adding the new, state of the art, medical dispensary in Jacksonville, Florida which serves as their flagship location in the state of Florida. The Jacksonville location is in a popular, high-end environment and serves as the most voluminous of than any other Insa locations in the state. Committed to offering the broadest selection of crafted, premium cannabis products, Insa is uncompromising about the quality of its products and dedicated to best-in-the-industry staff training.
Insa first entered the Florida market with the Tampa location. After recently opening locations in Largo and The Villages, the newest location in Jacksonville is Insa’s ninth location, and part of the company’s plan to open ten stores in Florida by the end of 2023. The Jacksonville dispensary, which can be found at 10051 Skinner Lake Drive, has a dock on Deerwood Lake and incorporates all the features of Insa’s Massachusetts flagship store. The location is currently welcoming patients to experience the quality and craftsmanship that goes into each product as well as the educational, in-store experience.
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CANSORTIUM APPOINTS JOHN MAZARAKIS TO ITS BOARD OF DIRECTORS
MIAMI, July 21, 2023 — Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) (“Cansortium” or the “Company“), a vertically-integrated, multi-state cannabis company operating under the FLUENT™ brand, has appointed John Mazarakis to its board of directors (the “Board”) effective July 17, 2023. Mr. Mazarakis replaces John McKimm on the Board, who resigned from the Board effective June 30, 2023.
Mr. Mazarakis brings over 20 years of entrepreneurial, operational, and managerial experience to Cansortium. Over the last two decades, he has launched successful ventures in real estate, retail, hospitality and personal fitness. He has built, owned, and operated 35+ restaurants with more than 1,500 employees. In addition, John has built a real estate portfolio of over 30 properties, developed over 1 million square feet of commercial real estate, and completed multiple real estate financing transactions. He has invested in and served as an advisor to multiple successful startups.
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NEW NAME HOUSE OF PLATINUM CANNABIS |
RED WHITE & BLOOM PROVIDES UPDATE ON EXISTING ALEAFIA HEALTH SECURED LOAN AND ANNOUNCES NEW DEBTOR-IN-POSSESSION FINANCING FOR ALEAFIA HEALTH
TORONTO, July 25, 2023 — Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on the indebtedness of Aleafia Health Inc. (“Aleafia”) and certain of its affiliates in connection with the loan agreement made as of December 24, 2021, as amended on March 28, 2022, June 17, 2022, April 26, 2023, May 15, 2023, and May 31, 2023 and assigned to RWB on June 6, 2023 (the “Aleafia Senior Secured Loan Agreement”).
Today, Aleafia announced that it has received an order (the “Initial Order”) from the Ontario Superior Court of Justice (Commercial List) under the Companies’ Creditors Arrangement Act, in order to restructure its business and financial affairs (the “Aleafia CCAA Proceedings”). The Initial Order approved, among other things, debtor-in-possession financing (“DIP Financing”) to be provided by RWB to fund the Aleafia CCAA Proceedings and other short-term working capital requirements pursuant to a term sheet between RWB and Aleafia dated July 24, 2023 (the “Aleafia DIP Term Sheet”). Under the Aleafia DIP Term Sheet, RWB agreed to advance DIP Financing in the amount of $6,600,000 (the “DIP Loan”). The continued availability of the DIP Loan is conditional upon, among other things, certain conditions being satisfied, including the Initial Order remaining in effect. A copy of the DIP Term Sheet will be filed on SEDAR+.
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CRESCO LABS AND KHALIFA KUSH EXPAND PARTNERSHIP TO BRING BRAND’S PREMIUM PRODUCTS TO MASSACHUSETTS CANNABIS CONSUMERS
JULY 20, 2023 — Cresco Labs (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” or “the Company”), a vertically integrated, multi-state operator and the cannabis industry’s No. 1 producer of branded products, today announced the expansion of a partnership with Khalifa Kush to exclusively cultivate, manufacture and distribute the cannabis brand’s premium products in Massachusetts. Wiz Khalifa is the multi-platinum-selling, GRAMMY® and Golden Globe® Award-nominated recording artist behind Khalifa Kush. Flower and pre-rolls, including Khalifa Kush’s widely recognized KK and Khalifa Mints strains, will be available for purchase starting July 22 exclusively at Sunnyside dispensaries in Fall River, Framingham, Leicester and Worcester. An expanded product line is expected to arrive at additional retail partners soon.
“We’re thrilled to continue collaborating with the Khalifa Kush brand in the Massachusetts market after a successful partnership launch with them in California that has grown to include new, bestselling products,” said Charlie Bachtell, CEO and Co-founder of Cresco Labs. “Massachusetts, where we have the number one share and bestselling flower and concentrates branded portfolio, continues to be an important growth market for Cresco Labs, and we couldn’t be more excited to bring Khalifa Kush’s top-quality products to our Sunnyside stores and excite and delight our customers on the East Coast.”
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VERANO ANNOUNCES APPOINTMENT OF JOHN TIPTON AND CHARLES MUELLER TO BOARD OF DIRECTORS
CHICAGO, July 20, 2023 — Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the appointment of John Tipton, President of the Southern Region, and Charles Mueller to its Board of Directors (the “Board”) in conjunction with the retirement of Mike Smullen.
“We are pleased to welcome John and Charles as the newest members of the Verano Board of Directors and thank Mike for his years of service to the organization,” said George Archos, Verano Founder and Chief Executive Officer. “John has built an impressive operation in Florida and has been an incredible contributor to the Company, while Charles brings a deep tax and accounting background, including over 35 years at PepsiCo, that nicely complements the Board’s skillset. The Board looks forward to working alongside John and Charles in supporting the continued growth of the organization and providing high-quality products and exceptional hospitality for our growing patient and consumer base.”
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NATIONAL AND INTERNATIONAL NEWS |
UNRIVALED BRANDS REPORTS SECOND QUARTER 2023 PRELIMINARY FINANCIAL RESULTS
Reports Preliminary Revenue of $8.6 Million and Preliminary Gross Margin of 51%
SANTA ANA, Calif., July 20, 2023 — Unrivaled Brands, Inc. (OTCQB: UNRV) (“Unrivaled” or the “Company”), a cannabis company with operations throughout California, today reported preliminary financial results for its second quarter 2023 ending June 30, 2023.
Preliminary Second Quarter 2023 Highlights:
Revenue for the quarter ended June 30, 2023 was $8.6 million as compared to $8.7 million during the prior quarter ended March 31, 2023. Revenue for the quarter ended June 30, 2023 was primarily from our three retail stores and our cultivation facility.
While revenues for the quarter ended June 30, 2023 remained generally consistent quarter over quarter, gross margin for the quarter ended June 30, 2023 increased to 51% as compared to 48% during the prior quarter ended March 31, 2023.
During the fiscal second quarter, the Company amended the terms of the settlement with People’s California, LLC to extend the maturity date on certain principal debt payments and to provide the Company with the option to pay 50% of the monthly interest payments in the form of registered shares of common stock.
As of June 30, 2023, the Company had 145 employees, a reduction from 238 employees a year ago.
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STORZ & BICKEL ANNOUNCES CERTIFICATION OF MEDICAL VAPORIZERS UNDER NEW EU MEDICAL DEVICE REGULATIONS
Certification reinforces STORZ & BICKEL’s leadership position in medical device design, ensures continued availability of devices worldwide
[Tuttlingen, Germany, July 20, 2023] – STORZ & BICKEL GmbH (“STORZ & BICKEL”), the world-leading manufacturer of high-end and medically certified cannabis vaporizers and subsidiary of Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC), today announced the certification of its premium VOLCANO MEDIC 2 and the MIGHTY+ MEDIC, in accordance with the new EU Medical Device Regulations (“MDR”).
The new MDR regulations outline stricter quality requirements for medical devices manufactured in or imported to the EU than its predecessor, the MDD (Medical Devices Directive).
The comprehensive certification process was conducted by TÜV SÜD, a renowned provider of certification, auditing, and testing services. The audit assessed several rigorous criteria of the (DIN) EN ISO 13485:2016 standard, requiring defined processes and documentation of the auditee’s Quality Management System, the European Directive 93/42/EEC (MDD), and the European Medical Device Regulation (EU) 2017/745 – Annex IX Chapters I and III. Additionally, the audit encompassed MDSAP with country-specific requirements for Australia (TGA), Canada (HC), and the United States (FDA). STORZ & BICKEL passed the audit with outstanding results and zero findings.
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AURORA CANNABIS ANNOUNCES SALE OF AURORA SUN FACILITY TO BEVO EXPECTED TO PROVIDE INCREMENTAL REVENUE AND CASH FLOW
EDMONTON, AB, July 24, 2023 – Aurora Cannabis Inc. (the “Company” or “Aurora”) (NASDAQ: ACB) (TSX: ACB), the Canadian company opening the world to cannabis, announced today that a wholly-owned subsidiary of the Company has closed the sale of its Medicine Hat, Alberta facility (the “Aurora Sun Facility“) on July 21, 2023 to Bevo Farms Ltd. (“Bevo Farms“), a wholly-owned subsidiary of Bevo Agtech Inc. ( “Bevo“). The sale of the Aurora Sun Facility was completed via Bevo Farms’ acquisition of one of Aurora’s wholly-owned subsidiaries (the “Aurora Sun Transaction“). Aurora has a controlling interest in Bevo, one of the largest suppliers of propagated vegetables and ornamental plants in North America.
Up to $15 million could be payable over time by Bevo Farms to Aurora in connection with the Aurora Sun Transaction, based on Bevo Farms successfully achieving certain financial milestones at the Aurora Sun Facility.
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SNDL AND NOVA CANNABIS EXTEND OUTSIDE DATE FOR CLOSING OF THE STRATEGIC PARTNERSHIP
CALGARY, AB, July 25, 2023 /CNW/ – SNDL Inc. (NASDAQ: SNDL) (“SNDL”) and Nova Cannabis Inc. (TSX: NOVC) (“Nova”) announced today that while all other provincial approvals have been received, the continued review by one provincial regulator has necessitated a further extension of the outside date for the closing of the previously-announced strategic partnership (the “Transaction”). SNDL and Nova anticipate that the Transaction will close on or before August 25, 2023, subject to receipt of regulatory approval and the amendment to certain terms of the Transaction that are mutually satisfactory to SNDL and Nova.
In addition, SNDL and Nova have extended the maturity date of Nova’s revolving credit facility with SNDL to August 25, 2023.
To date, all pre-closing conditions for the completion of the Transaction have been satisfied other than the parties’ receipt of regulatory approval from one provincial regulator.
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INNOVATIVE INDUSTRIAL PROPERTIES TO REPORT 2023 SECOND QUARTER RESULTS
SAN DIEGO — Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its second quarter ended June 30, 2023 after the market closes on Wednesday, August 2, 2023.
Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, August 3, 2023, to discuss the company’s financial results and operations for the quarter.
The call will be available through a live audio webcast at the Investor Relations section of the company’s website at www.innovativeindustrialproperties.com, or live by calling 1-877-328-5514 (domestic) or 1-412-902-6764 (international) and asking to be joined to the Innovative Industrial Properties, Inc. conference call. The complete webcast will be archived for 90 days on the company’s website. A telephone playback of the conference call will also be available from 12:00 p.m. Pacific Time on Thursday, August 3, 2023 until 12:00 p.m. Pacific Time on Thursday, August 10, 2023 by calling 1‐877‐344‐7529 (domestic), 855‐669‐9658 (Canada) or 1‐412‐317‐0088 (international) and using access code 3091204.
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ALEAFIA HEALTH OBTAINS CREDITOR PROTECTION TO PURSUE RESTRUCTURING AND SALE PROCESS
TORONTO, July 25, 2023 — Aleafia Health Inc. (TSX:AH, OTCQB:ALEAF) (“Aleafia” or the “Corporation”) announces today that the Corporation and certain of its Canadian subsidiaries, Emblem Corp., Emblem Cannabis Corporation, Emblem Realty Ltd., Growwise Health Limited, Canabo Medical Corporation, Aleafia Inc., Aleafia Farms Inc., Aleafia Brands Inc., Aleafia Retail Inc., 2672533 Ontario Inc., and 2676063 Ontario Inc. (collectively, the “Aleafia Group”) have been granted an order (the “Initial Order”) from the Ontario Superior Court of Justice (Commercial List) (the “Court”) under the Companies’ Creditors Arrangement Act (the “CCAA”), in order to restructure their business and financial affairs.
On July 14, 2023, Aleafia announced the mutual termination of the binding letter agreement (the “Letter Agreement”) entered into between Red White & Bloom Brands Inc. (“RWB”) and Aleafia on June 6, 2023 in respect of the proposed business combination transaction. In addition, pursuant to an assignment of indebtedness and security dated June 6, 2023, NE SPC II LP assigned to RWB, all indebtedness of Aleafia and certain of its affiliates in connection with the loan agreement made as of December 24, 2021, as amended on March 28, 2022, June 17, 2022, April 26, 2023, May 15, 2023, and May 31, 2023 (the “Aleafia Senior Secured Loan Agreement”). Aleafia is currently in breach of certain covenants under the Aleafia Senior Secured Loan Agreement, RWB has not waived any outstanding breaches and, on July 24, 2023, RWB issued demand letters and notices to enforce security under Section 244 of the Bankruptcy and Insolvency Act (Canada).
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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 834,000 AND 580 DISPENSING LOCATIONS
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LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
JULY 21, 2023 Report
BY THE NUMBERS Qualified Patients: (Active ID Card):
JULY 21 2023- 834,108 JULY 14 2023- 833,463 JULY 07 2023- 831,775
JUN 30 2023- 830,191 JUN 23 2023- 828,560 Patients Last Week: 645
Qualified Ordering Physicians: 2,587
New Doctors Last Week: 15 Reporting Period: JULY 14 TO JULY 20 2023 Amount of Medical Marijuana Dispensed - (mgs THC) 300,512,324
Amount of Low-THC Cannabis Dispensed - (mgs CBD) 2,483,450
Amount of Marijuana in a From for Smoking (oz) 105,384.319 Approved Dispensing Locations: 580 ADD LAST WEEK - 1 SUNBURN - JACKSONVILLE |
UPCOMING MEETING AND CONFERENCES |
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