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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 Co-Founder Jason Pernell as President
TALLAHASSEE, Fla., Feb. 27, 2025 — 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 appointment of Jason Pernell as President, effective immediately. Mr. Pernell has over 20 years’ experience as an entrepreneur and cannabis operator, co-founding Trulieve alongside Chairman and Chief Executive Officer Kim Rivers in 2015.
“Jason has been instrumental in the growth and success of this organization over the past decade,” said Trulieve’s Chief Executive Officer Kim Rivers. “Most recently Jason has played an integral part in the outstanding performance achieved in Florida. I look forward to working with Jason and the entire team as we navigate this ever-changing industry together.”
READ MORE |
Trulieve Reports Fourth Quarter and Full Year 2024 Results Highlighting Margins and Cash Flow
Fourth quarter revenue of $301 million, up 5% year over year, exceeding guidance
Gross margin of 62%, compared to 54% during the fourth quarter of 2023
Record 2024 cash flow from operations of $271 million and free cash flow of $150 million*
TALLAHASSEE, Fla., Feb. 27, 2025 — Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company in the U.S., today announced its results for the fourth quarter and full year ended December 31, 2024. Results are reported in U.S. dollars and in accordance with U.S. Generally Accepted Accounting Principles unless otherwise indicated. Numbers may not sum perfectly due to rounding.
2024 Full Year Financial and Operational Highlights*
Revenue of $1.2 billion increased 5% year over year, with 95% of revenue from retail sales.
Achieved gross margin of 60%, with GAAP gross profit of $716 million.
Reported net loss attributable to common shareholders of $155 million. Adjusted net loss of $19 million* excludes non-recurring charges, asset impairments, disposals and discontinued operations.
Achieved record adjusted EBITDA of $420 million*, or 35% of revenue, up $98 million or 30% from 2023.
Generated record cash flow from operations of $271 million and free cash flow of $150 million*.
Cash and short term investments at year end totaled $300 million.
Launched adult-use sales at three Ohio locations: Beavercreek, Columbus, and Westerville.
Added 33 dispensaries in 2024, increasing retail footprint to 225 retail locations nationwide at year end.
*See “Non-GAAP Financial Measures” below for additional information and a reconciliation to GAAP for all Non-GAAP metrics.
READ MORE |
Trulieve Announces Launch of Onward: A Premium THC Beverage
TALLAHASSEE, Fla., Feb. 26, 2025 – 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 launch of Onward, a premium, non-alcoholic THC beverage offering a modern alternative for social occasions. These Farm Bill compliant beverages are available now online and coming soon to select Total Wine locations in Florida.
Onward-Box-Can-PHOTO
“Drawing on our vast experience in cannabis product development, Onward beverages powered by Trulieve are expertly crafted to align with evolving consumer preferences,” said Trulieve’s Chief Executive Officer Kim Rivers. “We are excited to introduce this innovative and federally compliant beverage line to those seeking a new and alternative form of refreshment.”
Onward beverages come in a variety of delicious flavors including Blueberry Mojito, Italian Spritz, Passionfruit Martini, Peach Bellini, and Sea Salt Margarita. These low-calorie, non-alcoholic cocktails are crafted in the USA using naturally derived THC and CBD with no artificial flavors, colors, or sweeteners offering consumers a new and natural way to sip, socialize, and savor the moment.
READ MORE |
The Cannabist Company Announces Agreement to Extend the Maturity Date of its Senior Secured Notes to December 2028, with Options to Extend through 2029
Feb. 27, 2025– The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced today that it has entered into a support agreement dated February 27, 2025 (the “Support Agreement”) with holders (the “Supporting Noteholders”) representing approximately 61% of the aggregate principal amount of issued Senior Notes (as defined below) regarding the exchange of their notes for new notes having a later maturity date and additional covenants, all as described herein (the “Transaction”).
“At the beginning of 2024, we launched a midterm strategy designed to transform our business through footprint optimization, improved operational efficiency, and proactive balance sheet management. Over the past year, we have successfully implemented meaningful corporate restructuring and strategic asset divestitures. As the next step in our process, we are pleased to announce a mutual agreement with our bondholders to extend the maturities of our senior debt until December 2028, with the option to extend through 2029. Through this transaction, we have proactively positioned the Company with runway to continue to execute against its strategic plan, which includes continued operational improvements, finalizing the footprint rationalization initiative, targeting further cost-saving efficiencies across the organization, and capitalizing on growth opportunities in 2025 and beyond. We are grateful for the partnership with our bondholders and look forward to making further progress as we build a better business,” said David Hart, CEO of The Cannabist Company.
READ MORE |
AYR Cannabis Dispensary Updates Retail Footprint
New locations in Miami, FL and Niles, OH expands dispensary network
AYR Cannabis Dispensary Miami-Midtown marks the first-ever medical cannabis dispensary within Miami’s city limits
Closes AYR Key West with a focus on driving efficiencies across core retail footprint
MIAMI, Feb. 12, 2025 – AYR Cannabis Dispensary, a cannabis retail chain owned by AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, today announced an update to its dispensary footprint, including the opening of AYR Cannabis Dispensary Niles in Ohio, the opening of AYR Cannabis Dispensary Miami-Midtown in Florida, and the closure of its location in Key West, Florida.
“We are thrilled to start the year with the opening of our newest dispensaries in two key markets – Florida and Ohio,” said George DeNardo, President of AYR. “Our retail expansion continues in Ohio with the Niles location, the fourth AYR store in the state, and we have plans to open an additional four dispensaries throughout the year. The Miami-Midtown location proudly marks our 67th dispensary in Florida and is an industry-first dispensary within the Miami city limits. We also made the strategic decision to close our Key West, Florida dispensary, which was difficult to manage from a supply chain standpoint, as part of an effort to drive efficiency improvements across our core retail footprint.”
READ MORE |
The Hemp Company by Curaleaf Expands Beverage Sales to Over 100 Total Wine Stores
Select Zero Proof Seltzers are now available in Total Wine stores across nine states including Arizona, Florida, Texas, Indiana, North Carolina and South Carolina
STAMFORD, Conn., Feb. 27, 2025 — Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer cannabis products, today announced that it has secured a partnership with Total Wine & More, the nation’s leading retailer of wine, spirits and beer, for its line of hemp-derived THC seltzers, Select Zero Proof. This new retail channel will broaden Curaleaf’s consumer reach across the U.S. and will bring Select Zero Proof Hemp THC Seltzers to over 100 of Total Wine & More’s brick-and-mortar stores in nine states, including Arizona, Florida, Texas, Indiana, North Carolina and South Carolina, with further expansion expected in the coming months.
Select Zero Proof Hemp Seltzers offer a fast-acting, hangover-free THC experience through naturally derived hemp. Easily session-able with 2.5 mg and 5 mg THC options in an array of new flavors, the low-calorie beverages are formulated without artificial flavors or colors. The brand is available via major retailers and on-demand delivery services in select states, as well as through the Company’s online storefront, TheHempCompany.com.
READ MORE |
Curaleaf Celebrates New Sedona Dispensary
The Company’s new Arizona retail location offers improved local accessibility
STAMFORD, Conn., Feb. 27, 2025 — Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer cannabis products, today announced the relocation of its Sedona, Arizona dispensary to 1610 State Road 89A, offering a more convenient and accessible location for customers in the Sedona area, directly off of the city’s major highway.
Curaleaf Sedona’s new location will be open starting Thursday, February 27 from 9:00 am to 8:00 pm MST seven days a week, accommodating both adult use and medical patients. Customers can explore Curaleaf’s premium suite of products, including its wide variety of trusted brands such as Select, Grassroots, JAMS, Find and Curaleaf. Products range across flower, concentrates, vapes, infused pre-rolls and more, and feature Select Zero Proof Hemp Seltzer, Select vapes with a new strain offering across Stiq, Cliq and Briq hardware, as well as Find flower (half ounce and ounce), and Grassroots (1/8ths, concentrates and infused pre-rolls). With over 150 vendors represented and a continually growing roster, Curaleaf Sedona offers a rich variety of cannabis products to meet the needs of all customers and will introduce even more innovative product offerings in the weeks to come.
READ MORE |
Green Thumb Industries Reports Fourth Quarter and Full Year 2024 Results
CHICAGO and VANCOUVER, British Columbia, Feb. 26, 2025 — Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today reported its financial results for the quarter and full year ended December 31, 2024. Financial results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and all currency is in U.S. dollars.
Highlights for the fourth quarter ended December 31, 2024:
Revenue of $294 million, an increase of 6% over the prior year period.
Cash at quarter end totaled $172 million.
GAAP net income of $13 million or $0.05 per basic and $0.04 per diluted share.
Adjusted EBITDA of $98 million or 33% of revenue.
Repurchased approximately 1.2 million of the Company’s Subordinate Voting Shares for $9.6 million.
Opened three RISE Dispensaries: one each in Florida, Minnesota and Nevada.
Highlights for the year ended December 31, 2024:
Revenue of $1.1 billion, an increase of 8% over the prior year.
Cash flow from operations of $195 million, net of $131 million of tax payments.
GAAP net income of $73 million or $0.31 per basic and $0.30 per diluted share.
Adjusted EBITDA of $371 million or 33% of revenue, a 14% increase year-over-year.
Repurchased approximately 3.9 million of the Company’s Subordinate Voting Shares for $43 million.
Opened ten RISE Dispensaries for a total of 101 retail locations nationwide.
Strong balance sheet and disciplined capital allocation to support future growth.
See definitions and reconciliation of non-GAAP measures elsewhere in this release.
Management Commentary
“The Green Thumb team delivered another year of impressive results in 2024. In the fourth quarter, we achieved record high revenue and Adjusted EBITDA of $294 million and $98 million, respectively, and full year cash flow from operations of $195 million, net of the $131 million paid in taxes. We ended the year with a strong balance sheet including $172 million in cash after repurchasing $43 million of company shares,” said Green Thumb Founder, Chairman and Chief Executive Officer Ben Kovler. “Demand for THC in America is at an all-time high, and Green Thumb is well-positioned to deliver on this opportunity. Meanwhile, alcohol consumption trends in America are not positive, as the Surgeon General recently warned of the harms of alcohol and its link to cancer. In contrast, cannabis—now available to more Americans in more locations than ever—is enhancing the well-being of tens of millions across the nation. Over the past decade, our exceptional team has been consistently delivering best-in-class brands and experiences to promote well-being, and we are excited by the promising opportunity that lies ahead.”
READ MORE |
Green Thumb Expands Nevada Retail Footprint with the Opening of RISE Dispensary Henderson on Boulder on March 4
RISE Dispensary Henderson on Boulder marks the 2nd RISE Dispensary location in Henderson, 12th in Nevada and 102nd nationwide
Conveniently located near the Downtown Henderson Water Street District, RISE Dispensary Henderson on Boulder will open at 1000 S Boulder Hwy, Henderson, NV 89015.
Following its opening on March 4, RISE Dispensary Henderson on Boulder will host a grand opening celebration for the community on March 8.
Continuing with RISE’s new store opening tradition, profits from the RISE Dispensary Henderson on Boulder grand opening will benefit local non-profit Veterans Action Foundation.
CHICAGO and VANCOUVER, British Columbia, March 03, 2025 — 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 opening of RISE Dispensary Henderson on Boulder, located at 1000 S Boulder Hwy, Henderson, NV 89015, on March 4. The new Henderson location, conveniently near the Downtown Henderson Water Street District, marks the 12th RISE Dispensary location in Nevada and 102nd nationwide.
Beginning March 4, RISE Dispensary Henderson on Boulder will bring patients and adult-use customers award-winning, high-quality products and convenient services, such as curbside pickup. RISE Dispensary Henderson on Boulder will be open 8 a.m. until 11 p.m. Monday through Sunday, offering a broad selection of curated products from Green Thumb’s family of brands, including RYTHM, Dogwalkers, incredibles, Beboe, Good Green, &Shine and Doctor Solomon’s. RISE Dispensary Henderson on Boulder is the second RISE location in Henderson, Nevada. RISE Dispensary Henderson is located just 10 miles away from the new location at 4300 E Sunset Rd, Suite A3, Henderson, NV 89014.
READ MORE |
Florida’s Premier Medical Marijuana Provider FLUENT™ Relocates North Miami Beach location to Aventura
Offering a new, expanded and improved retail experience for Miami residents.
TAMPA, Fla., Feb. 27, 2025 – FLUENT Corp. (CSE: FNT.U) (OTCQB: CNTMF) (“FLUENT” or the “Company”), a vertically-integrated, multi-state cannabis company operating under the FLUENT™ brand, today announced the relocation of its Miami dispensary from North Miami Beach to Aventura. Patients with a valid medical marijuana card and ID can now revisit and explore FLUENT’s sought-after selection of premium cannabis products, including flower, concentrates, edibles, tinctures and more.
“As our store in North Miami Beach was an outdated first-generation store, our newly opened Aventura location is reflective of FLUENT’s current store model boasting many updates such as an open show room floor, digital menu screens, an expanded vault and twice the number of POS stations,” said Robert Beasley, CEO of FLUENT. “The new Miami location shows our commitment to meeting the evolving needs of our local cannabis community as well as elevating the customer experience. We’re elated to be able to offer a more efficient space while expanding our inventory and continuing to deliver the high-quality products our patients trust.”
The Aventura dispensary offers both walk-in and express services, allowing patients to order their preferred cannabis products online for a faster in-store pickup. For those new to medicinal cannabis, the facility provides a welcoming environment with knowledgeable staff available to offer personalized guidance on product selection and usage.
READ MORE |
Verano Announces Fourth Quarter and Full Year 2024 Financial Results
CHICAGO, Feb. 27, 2025 — Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced its financial results for the fourth quarter and full year ended December 31, 2024, which were prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”).
Management Commentary
“I am tremendously proud of our team’s resilience in 2024, a year in which we laid the foundation to strengthen and optimize our core business to pursue long-term growth,” said George Archos, Verano founder, Chairman and Chief Executive Officer. “Throughout a dynamic 2024, we entered the valuable Virginia market and bolstered our footprint in Arizona, brought 17 new dispensaries online in six key markets, celebrated adult use sales in Ohio, and launched a series of exciting new products across the fastest-growing categories.”
Archos concluded: “Looking ahead, we have a clear vision to harness innovation, automation and differentiation across all parts of the business to fuel our continued evolution, and never-ending pursuit of quality and excellence. I’m confident in our ability to move with speed and agility in pursuit of growth and look forward to continuing to build Verano into a cannabis powerhouse in 2025 and beyond.”
READ MORE |
iAnthus Expands Presence in Florida with New GrowHealthy Dispensary in Jacksonville
The 21st dispensary enhances patient access to premium medical cannabis with interactive product displays and a commitment to community engagement
NEW YORK and TORONTO, Feb. 26, 2025 — 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, has announced the opening of its first GrowHealthy dispensary in Jacksonville, Florida, it’s 21st statewide.
“This opening has been a long time in the making, and it was an incredible experience to welcome Jacksonville patients into our new store,” said Kelly Heinichen, Vice President of Retail Operations at iAnthus. “We’re excited to build strong relationships with the local community and provide the exceptional service, high quality medical products, and flower genetic diversity that patients have come to expect from GrowHealthy.”
Designed with patient experience in mind, the new Jacksonville dispensary features tethered bud displays, allowing patients to visually examine products without needing an associate’s assistance. Customers can also use magnifying glasses to inspect plant trichomes – an essential factor in medicinal cannabis – to identify the flower best suited to their needs. The grand opening of the store was held on February 21 and saw strong patient turnout and enthusiastic engagement with these features.
READ MORE |
Planet 13 Announces Significant Recovery of Funds Related to El Capitan
LAS VEGAS, March 03, 2025 — Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, today announced a settlement and recovery of US$2.1 million of funds which were held at BridgeBank, a division of Western Alliance Bank (collectively “WAB”), bringing the total recovery of funds held at WAB to US$5.5 million. Additionally, the Company, through a wholly-owned subsidiary, will also obtain real estate (the “Real Property”) valued at approximately US$5.0 million based on recent comparable sales, which it intends to sell. In total the Company has recovered approximately $10.5 million, including the expected value from the sale of the Real Property.
This settlement does not conclude the Company’s lawsuit against El Capitan Advisors, Inc. (“El Capitan”) and its founder and Chief Executive Officer, Andrew Nash, in which it is seeking approximately US$10.3 million, which is based on $15.3 million less the expected net proceeds Planet 13 receives from the sale of the Real Property, in additional compensatory damages and other relief.
READ MORE |
Planet 13 Continues to Grow the Iconoclast Universe by Adding Mike Tyson, Ric Flair, and Future
February 12, 2025 — Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, is proud to announce an exciting new partnership to co-brand, package, and produce premium cannabis products for legendary boxing champion Mike Tyson, wrestling icon Ric Flair, and multi-platinum artist Future.
This groundbreaking collaboration brings together some of the biggest names in sports, entertainment, and cannabis, reinforcing Planet 13’s position as the national celebrity brand leader in the industry. Under the agreement, Planet 13 will manufacture and distribute a range of high-quality cannabis products under the Tyson 2.0, Ric Flair Drip, and Future’s Evol brands, ensuring exceptional quality and consistency. With successful launches like Tyson Ranch and Khalifa Kush, Planet 13 is increasingly looked at as the partner of choice for celebrities looking to enter the cannabis space.
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Viridian Valuation Tracker: EBITDA Margins vs EBITDA / Assets -- Which Should We Focus On? We generally do not hear anyone commenting on EBITDA / Assets. Still, arguably, this is a more significant ratio than the EBITDA margin because it tells us how much return the company is making on the assets it has had to accumulate or finance.
Take Ascend Wellness (AAWH: CSE), for example. It has the second lowest EBITDA margin of the group, but it produces more sales per dollar of assets than any other company on the chart. Its profitability in terms of EBITDA to Assets is, accordingly, the third-best in the group.
All other things being equal, we tend to like higher EBITDA/ Assets as it measures not only raw margins but asset productivity. Perhaps this measure should get more attention. To See More of Our Analysis on Cannabis Company and Sector Valuations Click on Our Viridian Valuation Tracker 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
Broker-Dealer Services Provided Through Bradley Woods & Co. Ltd. - A Member of FINRA and SIPC,
845 Third Avenue, Suite 1703, New York, N.Y. 10022 |
NATIONAL AND INTERNATIONAL NEWS |
Tilray Brands Announces 420 Concert with Multi-Platinum Artist Don Toliver
Celebrate 420 with Tilray’s Leading Cannabis Brands and Nationwide Activations Across Canada
TORONTO, Feb. 26, 2025– Tilray Brands, Inc. company (Nasdaq: TLRY; TSX: TLRY), a global lifestyle and consumer packaged goods company at the forefront of beverage, cannabis and wellness industries, is set to elevate 420 celebrations across Canada with a series of dynamic consumer and industry events. This year’s 420 festivities will spotlight Tilray’s leading recreational cannabis brands—Good Supply, Redecan, Broken Coast, and XMG—through nationwide activations, pop-up events, and a marquee concert featuring multi-platinum artist Don Toliver on April 17, 2025, at Rebel, the iconic venue in Toronto, Ontario.
Set to be an unforgettable night, the Redecan 420 OG concert is designed to immerse attendees in a celebration of cannabis culture through music, interactive experiences, and exclusive perks. Don Toliver, renowned for his chart-topping tracks “No Idea,” “After Party,” “No Pole,” and “Bandit,” will headline the event, promising an electrifying performance that encapsulates the essence of 420. Celebrating alongside Redecan—a legacy Canadian cannabis brand that has grown from the ground up—420 OG emphasizes the community that has flourished over the years within cannabis culture, with a shared passion and deep-rooted respect for the plant.
READ MORE |
Cronos Group Reports 2024 Fourth Quarter and Full-Year Results
Net revenue in Q4 2024 increased by 27% year-over-year to $30.3 million; Net revenue in FY 2024 increased by 35% year-over-year to $117.6 million
Spinach® Ends 2024 as the Number One Cannabis Brand in Canada1
PEACE NATURALS® Ends 2024 as the Number One Cannabis Brand in Israel 2
Industry leading balance sheet with $859 million in cash and cash equivalents
TORONTO, Feb. 27, 2025 — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”), today announced its 2024 fourth quarter and full-year business results.
“We set ambitious goals to deliver robust growth, improve margins, and achieve operational excellence. Today, I am proud to say that Cronos has not only met but exceeded these objectives, as evidenced by our strong 2024 results. Our unwavering commitment to innovation, quality, and disciplined cost management has solidified our leadership in the global cannabis industry,” said Mike Gorenstein, Chairman, President and CEO of Cronos.
“From Spinach® becoming the number one cannabis brand in Canada and PEACE NATURALS® achieving a number one position in Israel, to our groundbreaking advancements in cannabis genetics, to international expansion, Cronos is well-positioned to capitalize on future opportunities and drive long-term value for our shareholders. As we look ahead to 2025, we remain focused on sustaining this momentum, strengthening our market leadership, and delivering innovative products that resonate with consumers worldwide,” continued Mr. Gorenstein. “Our strategic investments, such as Cronos GrowCo, have enhanced our cultivation capabilities, ensuring a consistent supply of high-quality cannabis at scale with an improved gross margin profile, while our R&D breakthroughs have set new industry standards. Internationally, we’ve made significant strides, with PEACE NATURALS® leading in Israel and gaining traction in Germany and the UK. Combined with a robust balance sheet and a portfolio of best-selling, borderless brands, Cronos is not just leading today, we’re building the foundation for long-term excellence in the global cannabis industry. Looking to 2025, we’re excited about the opportunities ahead as we continue to innovate, expand, and deliver for our consumers and shareholders.”
READ MORE |
Blum Holdings, Inc. Announces Final Global Settlement with People’s California, LLC
DOWNEY, Calif., Feb. 24, 2025 – Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company and cannabis operator, announced today that it has reached a global settlement with People’s California, LLC (“People’s California”) extinguishing over two and a half years of litigation brought by People’s California against Blüm Holdings and its wholly owned subsidiaries (and now debtors-in-possession in Chapter 11 bankruptcy proceedings), Unrivaled Brands, Inc. (“Unrivaled”) and Halladay Holding, LLC (“Halladay” and along with Unrivaled, the “Debtors”).
Pursuant to the binding terms spoken into the record for the United States Bankruptcy Judge mediating the matter, the settlement contemplated that “People’s will support the Debtor’s Chapter 11 plan…” and made explicit that “there’ll be a full and general release, a mutual release between the parties with 1542 waivers for the Debtors, the People’s parties, officers, directors, managers, agents, past and present, and attorneys, professionals, affiliates, subsidiaries, and parent companies on both sides.”
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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 902,000
AND 709 DISPENSING LOCATIONS |
LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
FEBRUARY 28, 2025 Report BY THE NUMBERS
Qualified Patients: (Active ID Card)
FEB 28 2025- 902,647
FEB 21 2025- 901,726
FEB 14, 2025- 901,125
FEB 07, 2025- 900,625
JAN 31, 2025- 900,540
JAN 24, 2025- 899,118
JAN 17, 2025- 898,322
JAN 10, 2025- 896,635
JAN 03, 2025- 895,469
Patients Last Week: 921
Qualified Ordering Physicians: 2,391
New Doctors Last Week: 0 Reporting Period: FEB 21 - FEB 27, 2025
Amount of Medical Marijuana Dispensed - (mgs THC) 396,396,014
Amount of Low-THC Cannabis Dispensed - (mgs CBD) 39,762
Amount of Marijuana in a From for Smoking (oz) 130,927.308
Approved Dispensing Locations: 709
Added Last Week: 0 |
UPCOMING MEETING AND CONFERENCES |
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Watch the MedCannCon24 Conference Recording! |
We are excited to announce that the recording of SCC's October 2024 Medical Cannabis Conference is now available for purchase.
This 2nd annual event brought together clinicians, researchers, experts, and advocates in the medical cannabis space to share groundbreaking insights, clinical applications, and the latest updates in cannabis science and policy. If you were unable to attend the conference or watch the livestream, this is your chance to access the wealth of information presented. All proceeds from this recording will support our mission to provide continuing education about the medical uses of cannabis and best practices in clinical care.
View the conference agenda HERE. Thank you for your continued support in helping us build a more informed and empowered community! Click the link below to purchase the recording. PURCHASE THE RECORDING |
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