2019 Cannabis Business Award's Publication of the Year |
WEDNESDAY, NOVEMBER 22, 2023 |
FMCPG HAS BEEN SERVING AND REPRESENTING THE CANNABIS PHYSICIAN COMMUNITY
SINCE 2020 |
REGISTER FOR NEXT MEETING WEDNESDAY,DECEMBER 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 REVIEW OF OUR
"2024 LEGISLATIVE PRIORITIES" FOR PRESENTATION IN TALLAHASSEE
AND UPDATE FROM MEETINGS WITH LEGISLATORS IN TALLAHASSEE UPDATES ON RFE REQUESTS PROTECTING YOUR MEDICAL CANNABIS PRACTICE QUESTIONS FROM PHYSICIANS
HOW TO BEST ANSWER YOUR PATIENT QUESTIONS Becoming a Chapter of the Society of Cannabis Clinicians (If you are currently a member, and have not sent me an email, please send me an email today) |
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 |
PHYSICIAN LEGAL WEBINAR Medical Marijuana Law for Physician Practices
December 12, 2023 at 6:30pm via Zoom This webinar is one hour and free to attend The webinar covers the overview of the medical marijuana industry, telemedicine, billing insurance companies, business structures, banking relationships, real estate and malpractice insurance requirements. Presented by Healthcare Attorney - Ben Mirza, Partner and Founder of Mirza Healthcare Law Charles Felix, CPA - Publisher and Co-Owner of South Florida Hospital News & Healthcare Report and Cannabis News Florida
CLICK HERE TO REGISTER |
NEWS FROM THE PAST WEEK RELATING TO THE BUSINESS OF
MMTC'S IN FLORIDA
Click on Company Logo to be Transferred to Web Site |
GOLDLEAF is a Cannabis 2.0 company. By this we mean that the company was founded by three partners who have already built some of the most successful cultivation, manufacturing, and retail cannabis businesses in the country and are now bringing that passion and expertise together to create something the cannabis market has never seen!
We are excited to offer our patients a luxury experience while distributing the highest quality medical cannabis for the most affordable price in an ethical way. From curiosity to consumption, we strive to give our patients a seamless, luxurious, unique and memorable experience. Our service comes second to none- from placing a delivery order to an in-store shopping experience our customer service and care are of utmost importance.
Our team of legacy growers are steeped in knowledge, with decades of collective experience. By implementing a variety of cultivation techniques our growers maximize the potential of each particular strain. GOLDLEAF takes pride in our conscious cultivation. Our primary brand partner Ideal Cannabis uses organic living soil, live microorganisms for pest control, and is manatee safe with minimal drain waste. Bringing on the best brand partners in the industry, we strive to provide access to new varieties of strains to make sure there is something for all of our valued patients.
GOLDLEAF currently offers an exemplary delivery service to our patients! Our team is more than happy to deliver orders meeting our minimum requirement straight to your doorstep for no extra charge! We plan on continuing to expand to eventually deliver statewide. We have a team of delivery coordinators available to answer any questions you have any day between 7am-9pm. Delivering in either a Tesla or Lexus, we hope to further our eco-consciousness utilizing a fleet of electric and hybrid vehicles.
Our first store front is now open in Sebring, FL. At GOLDLEAF, we believe that no detail is too small when it comes to providing 5-star service. All the services we provide are designed to create a luxurious and comfortable environment for patients, making the experience of purchasing cannabis as enjoyable and stress-free as possible. Being highly knowledgeable and attentive, our staff strives to ensure that every patient feels seen, heard, and valued with confidence that their unique needs and concerns are thoroughly addressed. We believe the atmosphere in which you experience our products is just as important as the products themselves. From the moment you enter, you will be immersed in a seamless environment where every detail, from the imported finishes to the cutting-edge technology, has been carefully curated to reflect the luxury and sophistication that defines the GOLDLEAF brand. GOLDLEAF is the ultimate medical cannabis experience.
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THE CANNABIST COMPANY ANNOUNCES LAUNCH OF POPULAR CLASSIX AND SEED & STRAIN BRANDS IN FLORIDA
Both Brands Now Available in 15 Markets Across the U.S.
November 16, 2023– The Cannabist Company Holdings Inc. (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the largest and most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced today it is bringing two of its award winning flower brands, Seed & Strain and Classix, to the Florida market in the coming weeks.
Florida is the 15th U.S. market to launch Classix, a brand that features approachable products that provide a reliable, nostalgic high. Three flower strains including Lemon Dosidos, Motor Breath x Wedding Crashers, and Sweet Tooth will be available in 3.5g at all 14 Cannabist locations beginning November 20.
The Cannabist Company’s top-selling brand, Seed & Strain, will make its Florida debut the following week on November 28 with 3.5g flower in four strains including Secret Formula, Twisted Pie, 10gs, and Melanaid Skittlez. This is also Seed & Strain’s 15th U.S. market and will be available at all 14 Florida dispensaries. The superior quality flower is meticulously harvested aiming to offer a consistent, quality experience every time.
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AYR WELLNESS REPORTS THIRD QUARTER 2023 RESULTS
Revenue up 5% Y/Y to $114.4 Million, Excluding Discontinued Operations
GAAP Loss from Operations Improved 92% Y/Y to ($1.5) Million, Excluding Discontinued Operations
Generated over $20 Million of Operating Cash Flow in the Third Quarter
Adjusted EBITDA1 up 52% Y/Y to $28.4 Million, with Adjusted EBITDA Margin of 25%
MIAMI, November 16, 2023 — AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator (“MSO”), is reporting financial results for the third quarter ended September 30, 2023. Unless otherwise noted, all results are presented in U.S. dollars.
The following financial measures are reported as results from continuing operations due to the sale of the Company’s business in Arizona in March 2023, which are reported as discontinued operations. All historical comparisons have been restated accordingly.
David Goubert, President & CEO of AYR, said, “We continued to execute on our optimization initiatives during the quarter, as reflected by another strong period of year-over-year adjusted EBITDA growth and cash flow generation. We also continued to lay the foundation for AYR’s long-term revenue growth and profitability, bolstered by our recent work to reach agreements with our creditors, which, when fully consummated, will result in the extension of maturities of nearly $400 million of debt in the aggregate by two years. Upon closing of the transactions, AYR will have no meaningful debt maturities until 2026 and an additional $40 million of cash proceeds, providing a clear runway to execute our optimization initiatives and generate consistent, long-term growth.
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AYR ANNOUNCES RECEIPT OF INTERIM ORDER FOR PREVIOUSLY ANNOUNCED PLAN OF ARRANGEMENT
MIAMI, November 15, 2023 — AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, announced today that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has granted an interim order (the “Interim Order”) authorizing various matters in connection with the Company’s previously announced plan of arrangement (the “Plan”) under Section 192 of the Canada Business Corporations Act (the “Transaction”), involving the Company, AYR Wellness Canada Holdings Inc. (“AYR Wellness Canada”) and the other direct or indirect subsidiaries of AYR (excluding Ayr Foundation Inc.).
The Interim Order provides, among other matters, that a special meeting (the “Meeting”) of holders (the “Senior Noteholders”) of the Company’s 12.5% senior notes due December 2024 (the “Senior Notes”) will be held on December 15, 2023 at 10:00 a.m. (Eastern time) to consider the Transaction and that the record date (the “Record Date”) for determining the Senior Noteholders entitled to notice of, and to vote at, such Meeting is 5:00 p.m. (Eastern time) on November 8, 2023.
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NEW NAME
HOUSE OF PLATINUM CANNABIS |
CRESCO LABS REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS
Continued execution of Year-of-the-Core strategy delivers strong margin and operating cash flow gains, with elimination of over $40 million in annualized operating costs
CHICAGO– November 15, 2023 – (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 released its financial and operating results for the third quarter ended September 30, 2023. All financial information presented in this release is reported in accordance with U.S. GAAP and in U.S. dollars, unless otherwise indicated, and is available on the Company’s investor website, Here.
Third Quarter 2023 Financial Highlights
-Third quarter revenue of $191 million, with retail growth and strong performance in core markets helping to offset purposeful attrition from divested assets.
-In comparison to Q1, when the Company initiated the Year-of-the-Core strategy, adjusted gross margin1 increased by over 480 bps, adjusted SG&A1 decreased by $40 million on an annualized basis and adjusted EBITDA margin1 rose by over 1000 bps.
-Generated $62 million in operating cash flow through the first nine months of the year.
-Gross profit of $94 million, 49% of revenue.
-Adjusted gross profit1 of $96 million and adjusted gross margin1 of 51%, up 373 bps from the second quarter.
-Adjusted SG&A1 of $57 million, a reduction of $4 million sequentially to just under 30% of revenue.
-Adjusted EBITDA1 of $49 million, and 26% of revenue, up 21% sequentially as adjusted EBITDA margin1 improved 528 bps.
-Generated positive operating cash flow of $41 million, inclusive of $8 million of one-time cash charges related to facility closures, divestiture activity and severance payments.
-One-time, non-cash impairment charges totaled $129 million, resulting in a third quarter net loss of $113 million.
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VERANO OPENS MÜV NORTH MIAMI-BISCAYNE, THE COMPANY’S SECOND MIAMI DISPENSARY AND 73RD FLORIDA LOCATION
MÜV North Miami-Biscayne, situated at 12395 Biscayne Boulevard, adds a second MÜV location in Florida’s largest metro area, Miami-Dade County, with more than 2.7 million residents
Verano’s active operations span 13 states, comprised of 136 dispensaries and 14 cultivation and processing facilities with more than 1 million square feet of cultivation capacity
CHICAGO, Nov. 17, 2023 — Verano Holdings Corp. (NEO: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the opening of MÜV North Miami-Biscayne on Friday, November 17th, the Company’s 73rd Florida dispensary and 136th location nationwide. MÜV North Miami-Biscayne, located at 12395 Biscayne Blvd, will be open Monday through Saturday from 9 a.m. to 7 p.m. and Sunday from 11 a.m. to 5 p.m., local time.
MÜV North Miami-Biscayne – Verano’s second dispensary in Florida’s largest metropolitan area with more than 2.7 million residents – adds another complementary location to the Company’s existing MÜV Miami-Kendall dispensary situated on the city’s Southwest side.
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VERANO REIMAGINES (THE) ESSENCE BRAND AND INTRODUCES (THE) ESSENCE NECTAR LINE IN CORE MARKETS, COMBINING BESPOKE GRAPHIC ART AND TERPENE-RICH FULL-SPECTRUM CANNABIS PRODUCTS
(the) Essence genetics are carefully selected to deliver a spectrum of experiences to cannabis consumers, spanning timeless product formats including flower, pre-rolls, vapes, edibles and extracts
(the) Essence portfolio – including the all-new Nectar line of terpene-rich cured resin products – is comprised of both novel and timeless genetics harvested and cured for optimal taste, aroma and experience
Redesigned and repositioned brand broadens accessibility through expanded product mix, harnesses timeless product formats embraced by the core cannabis consumer, offers extensive strain variety and promulgates bespoke, strain-inspired graphic illustration in collaboration with various artists
The Company is seeking submissions from artists and creators to join the brand community in designing future packaging artwork; submissions can be entered on Verano.com
(the) Essence is now available in nine of the Company’s core markets, including Arizona, Illinois, Massachusetts, Maryland, Nevada, New Jersey, Ohio, Pennsylvania and West Virginia, with plans to scale to Florida and Connecticut in the future
CHICAGO, Nov. 20, 2023 — Verano Holdings Corp. (NEO: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the strategic repositioning of (the) Essence cannabis brand, an expansive collection of novel and timeless genetics harvested and cured for optimal taste, aroma and experience. In addition to the brand evolution, the Company has enhanced (the) Essence product portfolio by introducing (the) Essence Nectar line of full-spectrum, terpene-rich resin vapes, and soon will launch single-strain cured resin gummies available in O.G. Strawberry and Bonsai Berry flavors. Formerly part of the Verano namesake brand portfolio, the now standalone (the) Essence branded line of products is available across the Company’s national footprint in nine core markets – Arizona, Illinois, Massachusetts, Maryland, Nevada, New Jersey, Ohio, Pennsylvania and West Virginia – with plans to scale to Florida and Connecticut in the future.
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NATIONAL AND INTERNATIONAL NEWS |
CANOPY GROWTH ANNOUNCES THAT BIOSTEEL OBTAINS COURT APPROVAL OF SUCCESSFUL BIDS IN SALE AND INVESTMENT SOLICITATION PROCESS
Court approves combination of transactions resulting in the sale of all or substantially all of the assets of Biosteel Canada and Biosteel Manufacturing
Elimination of funding obligation to BioSteel consistent with Canopy Growth’s cannabis focus and transformation to a simplified, asset-light operating model.
SMITHS FALLS, ON – November 17, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) today provided an update that pursuant to the proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”) involving BioSteel Sports Nutrition Inc. (“BioSteel Canada”), the Ontario Superior Court of Justice (Commercial List) (“CCAA Court”) has approved two transactions to sell all or substantially all of the assets of BioSteel Canada and BioSteel Manufacturing, LLC (“BioSteel Manufacturing”) and that pending the closing of the transactions, Canopy Growth expects to realize proceeds which will improve the Company’s balance sheet.
On September 21, 2023, the CCAA Court granted an order (the “SISP Order”) authorizing BioSteel Canada to conduct, under the oversight of KSV Restructuring Inc., in its capacity as court-appointed monitor of BioSteel Canada, a sale and investment solicitation process (the “SISP”) in accordance with the terms and conditions relating thereto (the “SISP Procedures”).
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CRAFTED FOR THE PEOPLE: SWEETWATER’S NEW ‘HALF-A-GUMMIE’ IPA MEETS CONSUMER DEMAND FOR FRUITY, EASY-DRINKING BEERS
From its Original Gummies Double IPA Line, SweetWater Introduces Half-A-Gummie IPA Featuring a Lower ABV, Offering Bold Fruit Flavors
ATLANTA, Nov. 16, 2023 — SweetWater Brewing Company (“SweetWater Brewing” or “SweetWater”), the largest craft brewer in the Southeast and a subsidiary of Tilray Brands, Inc. (“Tilray” or the “Company”) (NASDAQ: TLRY and TSX: TLRY), announced today the latest innovation in its acclaimed IPA series – ‘Half-A-Gummie’ IPA. This new line of India Pale Ales, bursting with fruit-forward flavors, is a twist on the wildly successful SweetWater Gummies Double IPA – which launched earlier this year, now reimagined with a more session-friendly alcohol content. The original Gummies IIPA is available in cans nationwide while the innovative Half-A-Gummie IPA is ready to tantalize consumer taste buds on draft.
Building on the trailblazing success of the SweetWater Gummies line, ‘Half-A-Gummie’ IPA emerges as a natural evolution in SweetWater’s pursuit of innovation and excellence in craft brewing. The SweetWater Gummies series launched as a testament to the brewery’s commitment to flavor-forward and high-ABV ales, and set a new benchmark in the Double IPA category. These ales, notably the Tropical IIPA and Fruit Punch IIPA with a potent 9.5% ABV, captured the essence of summer with their haze, juiciness, and bold, fruity flavors.
‘Half-A-Gummie’ retains the essence of the Gummies series—its captivating fruit flavors and aromatic appeal—while presenting a lower alcohol-by-volume content as an alternative option for consumers; The launch series of Half-A-Gummie includes the same two great varieties from the original series: Tropical IPA, and Fruit Punch IPA, each boasting a 5.5% alcohol-by-volume. These new brews are a masterful blend of fruit explosions, featuring the luscious flavors of strawberry, pineapple, orange, and cherry, culminating in a uniquely smooth, incredibly flavorful, and drinkable IPA experience.
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TILRAY BRANDS EXPANDS CANNABIS BEVERAGE PORTFOLIO WITH NEW THC, CBG AND CBD DRINK INNOVATIONS BY TOP-PERFORMING CANADIAN BRANDS
XMG Cannabis Brand Launches New Flavour Packed Drinks from its XMG+ Line
Mollo Brand Releases New Cannabis Craft Brews
Tilray Holds Strong Market Share Position in Recreational Cannabis Beverages in Canada
TORONTO, Nov. 15, 2023 — Tilray Brands, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis and consumer packaged goods company, today announced a bold new range of cannabis-infused beverages from its renowned brands XMG and Mollo. Recognized for their diverse flavours and innovative cannabinoid profiles, including THC, CBG, and CBD, these brands are reshaping the cannabis beverage market with unparalleled variety and quality.
Blair MacNeil, President, Tilray Canada, said, “Tilray’s commitment to innovation and consumer satisfaction is exemplified by our expansive beverage offerings from XMG and Mollo. With the success of recent introductions from other Tilray brands such as Solei and RIFF, we have firmly positioned ourselves as leaders in the cannabis beverage market. Both XMG and Mollo have consistently been top choices for Canadian consumers, and these new releases, highlighting unique cannabinoid combinations and premium formulations, underscore our dedication to providing diverse and quality brand experiences.”
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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 859,000 AND 606 DISPENSING LOCATIONS
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LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
NOVEMBER 17 2023 Report
BY THE NUMBERS Qualified Patients: (Active ID Card):
NOV 17 2023- 859,524 NOV 13 2023- 855,965 NOV 03 2023- 855,267
OCT 27 2023- 854,178 OCT 20 2023- 853,986 Patients Last Week: 3,559 Qualified Ordering Physicians: 2,729 New Doctors Last Week: +6 Reporting Period: NOV 10 TO NOV 16 2023
Amount of Medical Marijuana Dispensed - (mgs THC) 320,696,172 Amount of Low-THC Cannabis Dispensed - (mgs CBD) 2,880,100 Amount of Marijuana in a From for Smoking (oz) 102,401.018
Approved Dispensing Locations: 602
ADD LAST WEEK 5 GREEN DRAGON - LAKE CITY GIT (RISE) - CRYSTAL RIVER AND TAMPA MUV - NORTH MIAMI THE FLOWERY - TALLAHASSEE |
UPCOMING MEETING AND CONFERENCES |
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