2019 Cannabis Business Award's Publication of the Year |
WEDNESDAY, DECEMBER 6, 2023 |
FMCPG HAS BEEN SERVING AND REPRESENTING THE CANNABIS PHYSICIAN COMMUNITY SINCE 2020 |
REGISTER FOR TONIGHT'S 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 |
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 COMPLETION OF REDEMPTION OF ALL US$130 MILLION 9.75% SENIOR SECURED NOTES DUE 2024
TALLAHASSEE, Fla., December 1, 2023 — Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company in the U.S., today announced that it has completed the redemption of all US$130,000,000 (Cdn$175,669,000) principal amount of its outstanding 9.75% senior secured notes due 2024 (CUSIP: 89788CAB0 / ISIN: CA89788CAB06) (the “Notes”). Cash used for the redemption was approximately US$136 million (Cdn$184 million), which included the aggregate principal amount of the Notes being redeemed, plus accrued and unpaid interest to, but excluding, the redemption date of December 1, 2023. The Notes will cease to trade on the Canadian Securities Exchange under the symbol “TRUL.DB.U” as of the close of trading on December 1, 2023 and will be delisted as of December 1, 2023. Additional information regarding the redemption of the Notes is available from Odyssey Trust Co.
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CANSORTIUM REPORTS THIRD QUARTER 2023 RESULTS
Q3 Revenue up 14% YoY to a Record $25.3 Million –
Q3 Cash from Operations increased 32% to a Record $7.1 Million;
8th Consecutive Quarter of Positive Cash Flow
TAMPA, Fla., Nov. 29, 2023 — Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) (“Cansortium” or the “Company”), a vertically-integrated, multi-state cannabis company operating under the FLUENT™ brand, today announced financial and operating results for the third quarter ended September 30, 2023. Unless otherwise indicated, all financial results are presented in U.S. dollars.
“We generated record revenue and cash flow generation during the third quarter as we continued to execute on our growth objectives despite a seasonally slow period in Florida,” said CEO Robert Beasley. “Adjusted EBITDA was offset by increased headcount to keep pace with new store openings, however these investments are critical in laying the foundation for growth and supporting our future plans.
“In Florida, we continue to ramp our four new stores opened this year while driving cultivation improvements, leading to production of more high quality, high THC products. Although the third quarter is generally the most challenging period of the year in Florida, these operating improvements have enabled us to command higher retail prices and partially offset lower volumes from the summer months in Florida.
“Looking ahead, we will continue to drive improvements across our footprint in Florida and Pennsylvania, while capitalizing on our first mover advantage in Texas as we plan to open our brick-and-mortar delivery center in Houston in early 2024.”
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THE CANNABIST COMPANY ANNOUNCES PARTNERSHIP WITH TOP PERFORMING FLOWER BRAND OLD PAL
Collaboration Will Introduce Old Pal to New Markets and Provide a Path to Remain in Previously Successful States Across the U.S.
December 1, 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 launching a partnership with Old Pal, a top-performing lifestyle cannabis flower brand renowned for its unrivaled quality, accessibility and simplicity.
The collaboration will kick off with Old Pal and The Cannabist Company in Maryland and Virginia and will continue to roll out in additional states across its dispensary network in 2024, pending regulatory approval. Old Pal is currently available in more than 10 major markets and is positioned in the top 10% for brand awareness in the cannabis industry, as per the October 2023 Brand Performance Report by Pioneer Intelligence (pioneer.buzz). The Cannabist Company will begin production in Maryland of Old Pal’s unique 14g Ready to Roll kit, which includes classic pre-ground cannabis, hemp rolling papers, and crutches, packaged into a resealable pouch – everything you need to roll the perfect joint. The partnership will expand with the production of Old Pal’s 1g vapes and Palitos pre-roll packs, which contain 10 mini joints filled with 0.35g of premium cannabis.
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AYR WELLNESS KICKS-OFF ‘SEASON OF KYNDNESS,’ A NATIONAL CHARITABLE GIVING CAMPAIGN CENTRALIZED AROUND LOCAL IMPACT
THE CAMPAIGN SERVES AS A RELAUNCH OF THE COMPANY’S NEWLY REFRESHED FLAGSHIP BRAND ‘KYND’
MIAMI, Dec. 05, 2023 — 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 relaunch of its flagship kynd brand via the ‘Season of Kyndness’ initiative, a campaign designed to spread positive impact and connection during the holiday season through hyperlocal charitable giving.
“We felt it was important to re-introduce our flagship cannabis brand, kynd, in a way that highlights its purpose and impact-driven mission,” said David Goubert, President and CEO of AYR Wellness. “The ‘Season of Kyndness’ campaign embodies the values we hold dear at AYR, providing an opportunity to be a force for good in each of our communities and to make a real difference during this special time of year. We are leaning on our local retail teams to drive this initiative by selecting the hyperlocal causes that mean the most to them.”
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AYR WELLNESS ANNOUNCES OPENING OF AYR DISPENSARY DAYTON, THIRD LOCATION IN OHIO
MIAMI, Nov. 28, 2023 — 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 Dispensary Dayton, the third AYR location in Ohio and first in the Dayton Metropolitan Region. The new location closely follows the recent openings of AYR Woodmere, in the Greater Cleveland Region, and AYR Goshen, in Greater Cincinnati.
AYR has the future right to ownership of all three dispensaries, subject to regulatory approval.
“We are thrilled to support Daily Releaf to open the third AYR-branded dispensary in the emerging market of Ohio,” said David Goubert, President and CEO of AYR. “Following a historic Election Day, where Ohio voters made a strong statement to further expand access to cannabis, we are eager to develop relationships with patients and the broader community in the Dayton area and across Montgomery County. AYR is just at the beginning of its work in Ohio and we hope to expand our presence in the near future.”
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CURALEAF OPENS SECOND DISPENSARY IN SARASOTA, FL
New location marks the company’s 61st Florida dispensary
NEW YORK, Dec. 1, 2023 — Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer cannabis products, today announced the opening of its second dispensary location in Sarasota, Florida. This is the company’s 61st location in Florida, located at 3704 84th Avenue Circle E, Sarasota, FL 34243.
The new dispensary will open its doors on December 1 and will serve Florida medical patients from 9:00 a.m. to 8:30 p.m. EST Monday through Saturday, and 10:00 a.m. to 7:00 p.m. EST on Sunday. A Grand Opening celebration is scheduled for a date to be confirmed, and will commence with a ribbon cutting at 9:00 a.m. EST. Onsite festivities for the Grand Opening event include doorbuster deals, specials and giveaways, along with entertainment including live music and a caricature artist onsite.
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GREEN THUMB TO OPEN RISE DISPENSARIES IN TAMPA AND CRYSTAL RIVER ON DECEMBER 1, EXPANDING ITS FOOTPRINT TO 13 LOCATIONS IN THE SUNSHINE STATE
CHICAGO and VANCOUVER, British Columbia, Nov. 29, 2023 — 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 that it will open two RISE Dispensaries in Florida, with one located in Tampa and the other located in Crystal River, on December 1. These store openings bring the Company’s retail footprint to 13 in Florida and 89 nationwide. RISE Dispensary Tampa will host a grand opening celebration on December 16, where profits from the day will be donated to Tu Canna Foundation. RISE Dispensary Crystal River will host a grand opening celebration on December 15, with profits benefitting The Bridge 4 Veterans.
“We are extremely excited to deepen our presence on the west coast of Florida with two new RISE Dispensaries in Tampa and Crystal River,” said Green Thumb President Anthony Georgiadis. “As with previous store openings, we continue our tradition of giving back to the community, and we look forward to supporting two incredible local non-profit partners, Tu Canna Foundation and The Bridge 4 Veterans.”
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RED WHITE & BLOOM REPORTS RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2023
TORONTO, Nov. 29, 2023 — Red White & Bloom Brands Inc. (CSE: RWB and OTCQX: RWBYF) (“RWB” or the “Company”) is pleased to report it has filed its Condensed Interim Consolidated Unaudited Financial Statements, Management Discussion and Analysis and associated certifications for its third quarter ended September 30, 2023 (collectively, the “2023-Q3 Filings”). The 2023-Q3 Filings may be accessed under the Company’s SEDAR+ profile at www.sedarplus.ca.
2023-Q3 Financial Highlights
-Revenues were $20.1 million for the quarter ended September 30, 2023 (“2023-Q3”) and $69.1 million for the first nine months of fiscal 2023 (“2023-YTD”).
-Gross profit, before fair value adjustments, was $7.9 million for 2023-Q3, or 39% of 2023-Q3 revenues reflecting a $1.0 million increase compared to $6.9 million for the quarter ended June 30, 2023 (“2023-Q2”) and a $1.8 million decrease compared to $9.7 million or 37.9% of revenues for the quarter ended September 30, 2022 (“2022-Q3”).
-Gross profit for 2023-YTD was $21.1 million or 31% of 2023-YTD revenues compared to gross profit of $20.8 million or 26% of 2022-YTD. revenues.
-General and administrative expenses, inclusive of business transaction costs of $0.5 million, for 2023-Q3 were $6.4 million versus $7.3 million for 2023-Q2, representing a decrease of $0.9 million.
-Operating expenses were $8.4 million for 2023-Q3, a decrease of $1.6 million compared to 2022-Q3 operating expenses of $10.0 million. -Operating expenses were $29.1 million for 2023-YTD, a decrease of $5.5 million compared to 2022-YTD operating expenses of $34.6 million.
-Adjusted EBITDA (2) for 2023-Q3 was $1.6 million, representing an increase of $1.3 million from 2023-Q2. Adjusted EBITDA for 2023-YTD was $2.3 million representing an increase of $0.6 million from 2022-YTD Adjusted EBITDA of $1.7 million.
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NATIONAL AND INTERNATIONAL NEWS |
CRONOS GROUP INC. ENTERS INTO AGREEMENT FOR THE SALE-LEASEBACK OF ITS STAYNER, ONTARIO FACILITY
TORONTO, Nov. 27, 2023 — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) today announced that its wholly owned subsidiary entered into an agreement (the “Sale Agreement”) with Future Farmco Canada Inc. (the “Buyer”), a vertical farming company, for the sale and leaseback of its property located at 4491 Concession 12 Sunnidale Road, Stayner, Ontario, Canada, L0M 1S0 (the “Peace Naturals Campus”). Pursuant to the terms of the Sale Agreement, the Buyer has agreed to acquire the Peace Naturals Campus for C$23 million cash, subject to the terms and conditions set forth therein. The parties also plan to enter into a lease agreement upon closing for portions of the Peace Naturals Campus, ensuring continued operations.
“The sale-leaseback of the Peace Naturals Campus supports Cronos’ goal to reduce costs across the Company,” said Mike Gorenstein, Chairman, President and CEO, Cronos. “More specifically, this sale will aid in improving the gross margin profile of our business, while lowering costs and increasing our agility. This sale only strengthens our industry-leading balance sheet and allows us to continue to pursue organic growth and future transactions that bolster Cronos’ existing value. We do not expect any interruption to our current operations and plan to carry out existing growth plans within our leased space at the facility.”
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REDECAN CANNABIS LAUNCHES NEW HOLIDAY STYLE REDEES
Redecan’s Signature Redees Pre-rolls Get an Upgrade: New Sustainable Hemp Filters and Limited-Edition Holiday Style 10×0.4g Multi-Packs Now Available Nationwide
TORONTO, Nov. 22, 2023 — Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today announced the launch of Redecan’s new Redees ‘Hemp’d’ pre-rolls, featuring its iconic 10 x 0.4g multi-packs with elevated new sustainable, ultra-thin, unbleached hemp paper and patented filter tips for improved airflow, a slower burn, and maximized flavour to bring out the consumer favourite strain profiles. Redecan’s new Hemp’d line also includes its limited-edition ‘Redees Hemp’d Stocking Stuffers’ featuring new festive filters just in time for the holiday season.
“Redecan’s ‘Redees’ have been a well-recognized staple amongst cannabis consumers since launching in 2019 in the Canadian market,” said Blair MacNeil, President, Tilray Canada. “Driven by consumer feedback for improved taste, Redecan’s signature pre-rolls have been revamped with its new hemp paper and filters to focus on the aromas and profiles from its new genetics. Along with a focus on hemp and sustainability across all brands, we’re excited to share that Redecan’s signature pre-rolls also lean into our efforts towards a greener future. With the limited-edition holiday offering to top it off, consumers can enjoy their favourite pre-rolls with a twist; We are proud to continue expanding our cannabis portfolio with exciting new innovations as we head into the new year.”
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MARTHA STEWART CBD DEBUTS NEW NEED-BASED GUMMIES TARGETING SLEEP, STRESS, AND DISCOMFORT
SMITHS FALLS, ON & NEW YORK, NY, Nov. 29, 2023 – Sleep deprived? Stressed? Sore? Martha Stewart has a CBD gummy for that!
Just in time for the holidays, Martha Stewart CBD has unveiled a new line of need-based CBD gummies, broadening the brand’s evolving wellness assortment. Martha Stewart CBD products provide consumers with convenient, plant-based solutions to help people feel their best all day, every day.
The new line was developed in response to consumer demand for targeted solutions that address their most common needs: sleep, stress, and the discomfort of aches and soreness. Each product is formulated with higher levels of CBD and powerful co-active ingredients selected for their known efficacy.
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CANOPY GROWTH ANNOUNCES COMPLETED SALE OF BIOSTEEL BUSINESS
Realization of sale proceeds further strengthens Canopy Growth’s balance sheet
Completed transactions further advances Canopy Growth’s cannabis-focused, asset-light operating model
SMITHS FALLS, ON – December 1, 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”), that two sale transactions transferring the assets of BioSteel Canada and BioSteel Manufacturing, LLC (“BioSteel Manufacturing”) have been completed for aggregate gross proceeds of $30.4 million.
Pursuant to the CCAA court-ordered sale and investment solicitation process, a sale of substantially all of the assets of BioSteel Canada to the Coachwood Group as contemplated by an asset purchase agreement dated November 9, 2023, and a sale of all or substantially all of the assets of BioSteel Manufacturing to another third party as contemplated by an asset purchase agreement dated November 9, 2023, have been completed. A portion of proceeds realized from the two transactions will be used to repay debt, which is expected to further reduce interest expense.
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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
DECEMBER 1, 2023 Report
BY THE NUMBERS Qualified Patients: (Active ID Card):
DEC 01 2023- 862,155 NOV 24 2023- 859,125 NOV 17 2023- 859,524
NOV 13 2023- 855,965 NOV 03 2023- 855,267 Patients Last Week: 3.030
Qualified Ordering Physicians: 2,738
New Doctors Last Week: +4 Reporting Period: NOV 24TO NOV 30 2023
Amount of Medical Marijuana Dispensed - (mgs THC) 341,177,731 Amount of Low-THC Cannabis Dispensed - (mgs CBD) 3,568,138 Amount of Marijuana in a From for Smoking (oz) 108,792.813
Approved Dispensing Locations: 608
ADD LAST WEEK 2 CURALEAF - SARASOTA GREEN DRAGON - AVON PARK |
UPCOMING MEETING AND CONFERENCES |
Integrative Mental Health Intensive Workshop
In Person in Boca Raton, FL & Available Online January 20th-21st 2024 9:00 AM – 4:00 PM
Join clinician Shari B. Kaplan, LCSW for a two- day CME 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.
She will share when and how to use plant medicine and cannabis as natural approaches in treatment both with and without conventional medicine. Kaplan will demonstrate techniques for applying focused work using modalities like EMDR, IFS, ego state work, CBT and Functional Spirituality. (EMDR & IFS are demonstrated in how they are applied).
Attendees will learn strategies in the 'process phase' on teaching self-regulation, behavior change skills to assist patients in their daily lives and how to interweave movement & music. Kaplan will additionally explore ways to leverage microdosing of cannabis and other plant medicine, alongside with lifestyle changes, and adjunctive therapies (nutrition, exercise, meditation, mindfulness, breath work, acupuncture/body work) to maintain therapeutic momentum during and outside of treatment, assisting patients in improving the quality of their lives. This dynamic workshop provides clinicians with an integrative mental health approach to treatment. Both with and without psychedelic assisted therapy.
Cost $895.00
Call to RSVP 561-346-3169 or Email us at Info@cannectd.com Limited Availability |
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