2019 Cannabis Business Award's Publication of the Year |
FMCPG HAS BEEN SERVING
AND REPRESENTING THE CANNABIS PHYSICIAN COMMUNITY SINCE 2020 |
THE "FLORIDA MEDICAL CANNABIS PHYSICIAN GROUP" (FMCPG) FOR ALL "MEDICAL MARIJUANA DOCTORS" AND "MMTC DIRECTORS ONLY "
DISCUSSION WILL INCLUDE:
LEGISLATIVE AGENDA FOR 2025
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
REF'S ISSUES AND SOLUTIONS
USE THIS LINK TO JOIN MEETING TO PRE- REGISTRATION - THURSDAY, APRIL 10, 2025
CLICK HERE ON LINK BELOW
https://us02web.zoom.us/meeting/register/eAiv_F4ZSHujO7JmOZcVaw
Meeting ID: 878 4462 8121
Passcode: 354544 |
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
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Trulieve Announces Expanded Distribution of Premium THC Beverage Onward
Available now at select Shores Liquor locations and coming soon to ABC Wine & Spirits in Florida
TALLAHASSEE, Fla., March 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 availability of Onward beverages powered by Trulieve in select Shores Liquor locations and coming soon to ABC Fine Wine & Spirits locations in Florida.
Available for purchase by consumers 21 years and older, Onward can be found at select retail locations in Florida or ordered via DrinkOnward.com for direct shipment to consumers in 36 states
“We are excited to expand distribution of Onward beverages in Florida,” said Trulieve’s Chief Executive Officer Kim Rivers. “We look forward to working with both Shores Liquor and ABC Fine Wine & Spirits to educate consumers about this new and exciting option for adult 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.
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The Cannabist Company Announces Receipt of Interim Order for Previously Announced Plan of Arrangement
CHELMSFORD, Mass.—-March 31, 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 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 plan of arrangement (the “Plan”) under Section 192 of the Canada Business Corporations Act (the “Transaction”), involving, inter alia, the Company, The Cannabist Company Holdings (Canada) Inc. and 16834434 Canada Inc. The Transaction was previously announced on February 27, 2025, with further update provided on March 7, 2025.
The Interim Order provides, among other matters, that a special meeting (the “Meeting”) of holders (the “Senior Noteholders”) of: (1) the 6.0% senior secured convertible notes due June 29, 2025; (2) the 9.5% senior secured first-lien notes due February 3, 2026; and (3) the 9.0% senior secured convertible notes due March 19, 2027 (collectively, the “Senior Notes”) co-issued by the Company and The Cannabist Company Holdings (Canada) Inc., will be held on April 29, 2025 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 was 5:00 p.m. (Eastern time) on March 7, 2025.
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Verano Expands Connecticut Footprint with Opening of Zen Leaf Ashford, Company’s Sixth Retail Location and Closest Cannabis Dispensary1 to University of Connecticut
Zen Leaf Ashford will feature exclusive 20% everyday “Higher Education” UConn student discount and celebrate Husky wins with special deals for victories in multiple sports
-Zen Leaf Ashford, located at 55 Nott Hwy, is the closest dispensary to the University of Connecticut’s main campus in Storrs, situated less than a 10-minute drive from the legendary institution’s 33,500 students2
-Verano’s active operations span 13 states, comprised of 154 dispensaries and 15 cultivation and processing facilities with more than 1.1 million square feet of cultivation capacity
CHICAGO, April 01, 2025 — Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the grand opening of Zen Leaf Ashford on Friday, April 4th, elevating the Company’s retail footprint to six Connecticut locations and 154 dispensaries nationwide. Zen Leaf Ashford, located at 55 Nott Hwy, will be open from Monday to Saturday from 9 a.m. to 9 p.m., and Sunday from 10 a.m. to 6 p.m. local time. Zen Leaf Ashford will kick off the weekend-long celebration with a Friday morning ribbon cutting with the local Chamber of Commerce, and Friday through Sunday, will feature grand opening doorbuster deals and discounts, food trucks, DJs spinning tunes, giveaways from CTPharma, and other popups. Additionally, the Company will host an onsite job fair with the opportunity for on-the-spot interviews throughout the weekend.
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Planet 13 pumps the brakes on expansion, keys in on Florida
From Green Market Report
Las Vegas-based Planet 13 Holdings (CSE: PLTH) (OTCQX: PLNH) slowed its roll to accommodate industry setbacks, including the November loss of recreational marijuana legalization in Florida and “ongoing industry-wide price compression,” company leadership said during its quarterly earnings call last week.
That means less rapid expansion and probably not as many new store openings in 2025 as originally hoped, co-CEO Bob Groesbeck said during the call, noting that the coming year’s focus will be on “increasing productivity of our footprint, particularly here in Florida” following the acquisition of VidaCann last year.
“2024 presented industry-wide challenges, including competition from the illicit market, the rise of intoxicating hemp products and significant price compression putting pressure on margins,” Groesbeck said.
As a result, Planet 13’s strategy has shifted, particularly because the company lost almost $50 million last year and now won’t be seeing a revenue boom in Florida, given that the state has remained medical-only following the November vote.
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Planet 13 Announces Grant of RSUs
LAS VEGAS, April 01, 2025 — Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, announced that it granted Restricted Stock Units (“RSUs”) to certain of its officers, directors and employees after market close on March 31, 2025.
Pursuant to the terms of the Company’s 2023 Equity Compensation Plan that was previously approved by shareholders (the “Plan”), a total of 13,776,345 RSUs were awarded to officers, directors, and employees. 9,255,085 of the RSUs were awarded to directors and officers and 4,521,260 were awarded to employees. All RSUs will vest in three equal tranches, on May 16, 2026, May 16, 2027, and May 16, 2028, unless otherwise varied pursuant to the terms of the Plan.
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Planet 13 Opens New Dispensary in Orange Park, FL, Serving Jacksonville Patients
April 2, 2025 — Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, today announced the grand opening of its 32nd Florida dispensary in Orange Park on April 4 and 5, 2025. Located at 921 N Blanding Blvd, Orange Park, FL, the 4,680-square-foot facility is well positioned to serve the medical cannabis community in and around Jacksonville and will be open Monday through Sunday from 9 a.m. to 8 p.m. 365 days a year.
Grand opening celebrations kick-off on April 4, 2025, with local business owners joining the Clay County Chamber of Commerce to cut the ceremonial ribbon at 11 a.m., and guests will be entertained by a popular DJ during the two-day event. A LifeSouth Blood Donation Bus will also be on site along with an MMJ doctor providing information about how to obtain a medical card.
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Planet 13 Announces Grand Opening of Port Richey Dispensary in the Tampa Bay Region
Las Vegas, March 27, 2025 — Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, today announced the grand opening of its 31st Florida dispensary in Port Richey. Located at 6939 Ridge Road, this 3,465-square-foot dispensary will host its grand opening on March 28 and 29, 2025.
“We are eager to expand our presence in Florida and in the rapid-growth Tampa Bay region with the opening of Planet 13 Port Richey,” said Larry Scheffler, Co-CEO of Planet 13. “This location is strategically positioned on Ridge Road, a major arterial route with high visibility and accessibility. We look forward to bringing our best-in-class cannabis products and unmatched customer service to the residents of Pasco County and beyond.”
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Planet 13 Announces Q4 2024 Financial Results
Q4 2024 Revenue of $30.3 million
Q4 2024 Net loss of $26.4 million, which included a non-cash impairment loss of $18.9 million
Q4 2024 Adjusted EBITDA of $0 million
All results are reported in United States dollars ($) unless otherwise indicated.
LAS VEGAS, March 26, 2025 – (GPlanet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated cannabis company, today announced its financial results for the three-month and twelve-month periods ended December 31, 2024. Planet 13’s financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).
“In 2024, despite industry-wide price compression, we remained disciplined in executing our key priorities—expanding our retail footprint, scaling operations, and strengthening our product portfolio and brand equity. These strategic moves position Planet 13 to navigate competitive pressures,” stated Larry Scheffler, Co-CEO of Planet 13.
“As we move into 2025, our focus is on maximizing productivity and efficiency across our footprint. We are taking decisive steps to enhance per-store performance, optimize retail and wholesale operations, and streamline corporate costs—all with a clear goal of strengthening margins and creating a more resilient, high-performing business,” said Bob Groesbeck, Co-CEO of Planet 13.
Financial Highlights – Q4 – 2024
Operating Results
All comparisons below are to the quarter ended December 31, 2023, unless otherwise noted
-Revenues were $30.3 million as compared to $23.0 million, an increase of 31.8%. The increase in revenue was driven by the addition of Florida.
-Gross profit was $13.1 million or 43.2% as compared to $11.0 million or 47.8%. The decline in gross margin was driven by industry wide price compression and targeted discounting in Florida.
-Operating expenses were $35.8 million, including $18.9 million in non-cash impairment loss as compared to $18.1 million, an increase of 97.5%
-Net loss of $26.4 million, including $18.9 million in non-cash impairment loss as compared to a net loss of $14.3 million
-Adjusted EBITDA of $0.0 million as compared to Adjusted EBITDA of $1.3 million. Adjusted EBITDA margin was lower due to lower gross margin performance.
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M&A Activity by State YTD 2025 vs. 2024 |
Florida ranks number one in M&A transactions by state with 8 deals completed for the LTM period ended 3/28/2025. Total deal consideration increased significantly to $152.4M from $5.0M.
California ranks second in total M&A transactions with 4 total deals completed. However, total deal consideration decreased to $24.8M from $126.4M.
Colorado, Maryland, and Illinois tie for third with 3 deals completed.
View This Week's Viridian Regional Deal Tracker For a Deeper Dive Into M&A and Capital Raise Transactions by State and Country
Wondering What Your Cannabis Business Is Worth? Contact Us We'll Give You the Facts From Our Proprietary Deal Data 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 Shifts Cultivation of its Flagship Canadian Cannabis Brand and Strain, Good Supply Jean Guy, to Masson-Angers Facility in Québec
MASSON-ANGERS, Quebec, April 02, 2025 — Tilray Brands, Inc., company (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), a global lifestyle and consumer packaged goods company at the forefront of beverage, cannabis and wellness industries, and a leader in the Québec cannabis market, has officially transitioned the cultivation of its flagship brand and strain, Good Supply Jean Guy, the #1 selling cannabis strain in Québec, to its state-of-the-art production facility in Masson-Angers, Québec.
Previously cultivated in Ontario, the iconic Jean Guy strain has now found its new home in “la belle province,” allowing Tilray to harness the capabilities of its high-performance facility in Québec. In celebration of this transition, Tilray will unveil new packaging featuring an updated logo, symbolizing its commitment to the Québec community and elevating the consumer experience. This change will take effect in the market on April 8th.
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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 905,000
AND 712 DISPENSING LOCATIONS |
LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
MARCH 28, 2025 Report BY THE NUMBERS
Qualified Patients: (Active ID Card)
MAR 28 2025- 905,556
MAR 21 2025- 905,006
MAR 14 2025- 903,790
MAR 07 2025- 902,566
FEB 28 2025- 902,647
FEB 21 2025- 901,726
Patients Last Week: 550
Qualified Ordering Physicians: 2,391
New Doctors Last Week: -1 Reporting Period: MAR 21 - MAR 27, 2025
Amount of Medical Marijuana Dispensed - (mgs THC) 391,297,261
Amount of Low-THC Cannabis Dispensed - (mgs CBD) 43,273
Amount of Marijuana in a From for Smoking (oz) 130,879.788
Approved Dispensing Locations: 712
Added Last Week: -1 JUNGLE BOYS -JACKSONVILLE |
UPCOMING MEETING AND CONFERENCES |
In Case You Missed It: 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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Join the Cannabis News Florida force online and in print. We offer several marketing options to fit all budgets:
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