2019 Cannabis Business Award's Publication of the Year |
WEDNESDAY, DECEMBER 4, 2024 |
FMCPG HAS BEEN SERVING AND REPRESENTING THE CANNABIS PHYSICIAN COMMUNITY
SINCE 2020 |
FMCPG MEETING
REGISTER BELOW |
THE "FLORIDA MEDICAL CANNABIS PHYSICIAN GROUP" (FMCPG) FOR ALL "MEDICAL MARIJUANA DOCTORS" AND "MMTC DIRECTORS ONLY "
DISCUSSION WILL INCLUDE:
TRUMP APPOINTMENTS EFFECT ON THE CANNABIS INDUSTRY IN FLORIDA
REVIEW OF THE OMMU AND CHANGES TO THE DOCTOR'S PATIENT INPUT PORTAL ON THE OMMU WEBSITE.
DOCTORS WITHIN OUR GROUP WILL DISCUSS HOW THEY HAVE BEEN WORKING AROUND SOME OF THE CHANGES
LEGISLATIVE AGENDA FOR 2024 -2025
REF'S ISSUES AND SOLUTIONS
CLICK HERE TO REGISTER FOR THE WEDNESDAY DEC 18, 2024 MEETING
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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. BLACK FRIDAY SPECIAL ONLY $399 **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 |
Green Thumb Industries Repaid on Cansortium Loan
CHICAGO and VANCOUVER, British Columbia, Nov. 27, 2024 — 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 announced it received principal and cash interest payments related to a prior loan to Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) (“Cansortium”). Following Cansortium’s recent financing, Green Thumb received approximately $23 million of principal plus 13% accrued interest, adding to its Q3 ending cash balance of $174 million.
“I want to congratulate the Cansortium team on their announcement yesterday and wish them well with the upcoming business combination with RIV Capital,” said Ben Kovler, Green Thumb Founder, Chairman and Chief Executive Officer. “This investment is a good example of our opportunistic style to allocating capital – we want to have upside optionality combined with downside protection. The result in this case of getting paid back 100 cents on the dollar feels like a win. We look forward to re-allocating these dollars into unique opportunities within our circle of competence to benefit shareholders.”
READ MORE |
Red White & Bloom Reports Third Quarter 2024 Financial Results
2024-YTD EBITDA increased to $7.5 million; a twenty-fold improvement compared to 2023-YTD EBITDA of $0.4 million
2024-YTD Adjusted EBITDA increased 260% to $9.6 million compared to 2023-YTD of $3.7 million
Five new Florida medical cannabis dispensaries scheduled to launch in the first quarter of 2025
Expanded Canadian distribution network to include Prince Edward Island and New Brunswick
TORONTO, Nov. 29, 2024 — Red White & Bloom Brands Inc. (CSE: RWB) (“RWB” or the “Company”) is pleased to report it has filed its Condensed Interim Consolidated Financial Statements (the “Financial Statements”), Management’s Discussion and Analysis (“MD&A”), and associated certifications for its third quarter ended September 30, 2024.
President’s Commentary
Colby De Zen, President, stated, “Our primary focus has been, and remains, optimizing the business through careful analysis of all legacy, non-core assets and operations, with the goal of transitioning RWB into a profitable enterprise. Over the first nine months of the fiscal year, we have made significant strides toward achieving our strategic objectives. Our EBITDA has increased 20 times compared to the same period last year, reaching approximately $7.5 million. Adjusted EBITDA stands at $9.6 million for the same period. These improvements reflect all of the RWB team’s efforts in achieving more profitable revenue streams through organizational efficiencies and exiting unprofitable product lines and ventures.”
READ MORE |
Cansortium Reports Third Quarter 2024 Results
Q3 Revenue improves 3.5% Year-over-Year to $26.1 million
Delivers $7.5 million in Adjusted EBITDA, representing 29% margin
Generates $9.6 million in Positive Cash Flow from Operations
Nov. 29, 2024 – 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 its financial and operating results for the quarter ended September 30, 2024. Unless otherwise indicated, all financial results are presented in U.S. dollars.
“We completed the third quarter by delivering our 12th consecutive quarter of positive cash flow from operations as well as steady year over year revenue growth,” said CEO Robert Beasley. “Our focus on continuous improvement and gaining efficiencies has continued to be a positive contributor to our solid performance.”
Mr. Beasley added, “In Florida, we have increased our cultivation canopy to remain in balance with strong medical market demand and anticipate adding four new stores in 2025 while expanding our brand and product portfolio. Fortunately, our growth strategy did not depend on the outcome of Amendment 3 passing in Florida and we have made no financial commitments which depended on the adult use measure. FLUENT remains committed to the mission of serving the medical cannabis patients of Florida.
READ MORE
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Cansortium Inc. Completes New Senior Secured Credit Agreement Ahead of Planned Business Combination Closing with RIV Capital
TAMPA, Fla., Nov. 26, 2024 — Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) (“Cansortium” or the “Company”), a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand, announced today that it has closed on a new senior secured credit agreement (the “Credit Agreement”) of up to $96,500,000 with Chicago Atlantic Admin, LLC (“Chicago Atlantic”), as administrative agent for certain lenders. The Credit Agreement bears a cash interest rate of 12.00% per annum and paid-in-kind (PIK) interest of 1.00% per annum, and is due to mature on November 26, 2028.
The Credit Agreement refinances the existing $71,000,000 senior secured term loan that was set to mature May 29, 2025, thereby eliminating the previously disclosed requirement that the Company prepay $10,000,000 upon the consummation of the business combination with RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) (“RIV Capital”), a vertically integrated cannabis company operating the Etain brand in New York. All required regulatory approvals needed for the business combination with RIV Capital Inc. have been obtained and the Company expects the closing with RIV Capital to occur in early December 2024.
READ MORE |
FLUENT Expands Popular MOODS Vaporizer Line with Premium Offerings in New York and Florida
MOODS Black and MOODS Winter Bring New, Tailored Cannabis Experiences for Adult-Use Consumers and Medical Marijuana Patients
TAMPA, Fla., Dec. 02, 2024 — Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) (“Cansortium” or the “Company”), a vertically-integrated, multi-state cannabis company operating under the FLUENT™ brand, is thrilled to announce the expansion of its popular MOODS vaporizer line, bringing two new premium extensions to consumers in New York and Florida. Available now, adults across the Empire State can purchase MOODS Black at all Etain Health locations, while MOODS Winter is available exclusively to medical marijuana patients at all FLUENT locations across the Sunshine State.
MOODS, already a fan favorite, distinguishes itself from traditional cannabis vapes with its thoughtfully crafted strains, each designed to provide a specific mood or experience. This unique approach to cannabis consumption ensures that users can find the perfect strain to complement their desired state of mind, whether it be relaxation, creativity or euphoria.
READ MORE |
Eaze To Relaunch Multi-State Operations
LOS ANGELES, CA (November 12, 2024) – Eaze Inc. has announced $10 million in Series B funding following the acquisition of select assets from Eaze Technologies Inc., a pioneer in cannabis delivery with over $1 billion in completed deliveries across its 10-year history. The investment will fund the reopening of 70 Eaze and Green Dragon locations across California, Colorado, Florida, and Michigan, including 57 retail stores, 11 delivery hubs, and two production facilities.
Eaze Inc. will be led by Cory Azzalino, who emphasized “We are excited to build on the accomplishments of the first 10 years of Eaze Technologies Inc., and expanding our retail, delivery, and private label brands into new markets. We deeply value the contributions of all those who were part of Eaze Technologies Inc.’s journey and remain committed to creating a company that continues to push forward with innovation and care. As we move ahead with this new chapter, Eaze Inc. is focused on sustainable growth and delivering for our customers and communities. The $10 million investment will allow us to strengthen our supply chain, enhance the customer experience, and set the foundation for long-term success.”
READ MORE |
Viridian Sector Deal Tracker: AgTech Sector Shows Biggest Gain in Investment Activity, Hemp Shows Biggest Decline
The Cultivation & Retail sector continues to lead all sectors for capital raises as this represents the buildout and scaling of the infrastructure required to grow, manufacture and dispense cannabis.
The AgTech sector is showing the fastest increase in capital raised as cultivators have to invest in advanced AgTech technologies to drive economies of scale and lower production costs.
The Hemp sector is showing the largest decline in investment activity, continuing the pounding the sector has been taking as more states regulate and/or ban intoxicating hemp products.
Debt financings have grown at impressive levels this year, particularly for public MSOs that have used debt to refinance and restructure existing debt.
View This Week's Viridian Sector Deal Tracker For a Deeper Dive Into M&A and Capital Raise Transactions by Industry Sector
READ MORE |
NATIONAL AND INTERNATIONAL NEWS |
TerrAscend Appoints Lynn Gefen to Expanded Role of Chief People Officer
TORONTO, Nov. 26, 2024 — TerrAscend Corp. (“TerrAscend” or the “Company”) (TSX: TSND, OTCQX: TSNDF), a leading North American cannabis company, today announced the appointment of Lynn Gefen as Chief People Officer in addition to her existing role as Chief Legal Officer and Corporate Secretary, effective November 12, 2024.
“Lynn has proven to be an exceptional member of our leadership team since she joined TerrAscend in May of 2022. She has brought not only technical expertise, but a passion for culture. With the natural overlap between People programs and the Legal function, Lynn is uniquely positioned to take on this expanded role,” stated Ziad Ghanem, President and Chief Executive Officer of TerrAscend. “Consolidating these roles aligns with our focus on streamlining our operations and optimizing our resources to drive efficiencies while not sacrificing agility,” continued Mr. Ghanem.
READ MORE |
The Broken Coast Difference: Tilray Brands’ Broken Coast Craft Cannabis Introduces New Premium Strain ‘Platinum Pavé’
TORONTO, Nov. 26, 2024 — Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), a leading lifestyle and consumer packaged goods company, is thrilled to announce the latest small batch indica strain by premium craft cannabis brand, Broken Coast: Platinum Pavé. This exceptional new cultivar is one of the first from Broken Coast’s state-of-the-art Vancouver Island, BC facility. Platinum Pavé is meticulously grown under optimized conditions in single-strain, laboratory-grade rooms. Each batch is precisely pruned, slowly cold cured, and rigorously inspected for purity, ensuring an exquisite BC bud experience that is sure to impress even the most discerning cannabis connoisseur.
Platinum Pavé details:
Lineage: Spritzer x Pavé.
Aromas: Sweet, earthy with a potent hint of diesel.
Rich terpene profile featuring: Limonene, Caryophyllene, Linalool.
THC range: Potent and ideal for winding down after a long day or enjoying socially.
Kevin Anderson, Master Grower at Broken Coast, describes Platinum Pavé as a visual masterpiece with deep green and royal purple buds covered in trichomes. “We’re excited for consumers to get their hands on this exceptional indica,” he says. “After phenohunting over 500 seeds, we’re extremely proud to cultivate a strain with potent THC and a unique terpene profile. With our slow cold curing process, we take pride in preserving trichome density, delivering the purest expression of the Spritzer x Pavé cross to deliver something special.”
READ MORE
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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 886,000
AND 696 DISPENSING LOCATIONS |
LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
NOVEMBER 29, 2024 Report BY THE NUMBERS
Qualified Patients: (Active ID Card) NOV 29,2924- 886,772
NOV 22,2024- 887,032
NOV 15,2024- 885,074
NOV 08,2024- 882,430
NOV 01,2024- 882,524
OCT 25,2024- 882,553
Pattients Last Week: -260
Qualified Ordering Physicians: 2,440
New Doctors Last Week: 8 Reporting Period: NOV 22 TO NOV 28 2024
Amount of Medical Marijuana Dispensed - (mgs THC) 402,231,837
Amount of Low-THC Cannabis Dispensed - (mgs CBD) 186,308
Amount of Marijuana in a From for Smoking (oz) 131,456.780
Approved Dispensing Locations: 696
Added Last Week: 0 |
UPCOMING MEETING AND CONFERENCES |
ADVERTISEMENT OPPORTUNITIES
If your goal is to get your business in front of the right people in the cannabis industry or you want to be an integral part of this new and exciting business opportunity, then you need to join with Cannabis News Florida as we help to establish cannabis as a major part of the economy in Florida. Cannabis News Florida is an online publication focusing on both local and national news from leading authorities about the medical and business developments in the medical cannabis industry covering the entire state of Florida.
Join the Cannabis News Florida force online and in print. We offer several marketing options to fit all budgets:
· MMTC PROMOS LISTED IN EACH E-NEWSLETTER
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For further information or to make your ad reservation, please call:561-368-6950 / 954-605-4785 cell charles@cannabisnewsflorida.com
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