2019 Cannabis Business Award's
Publication of the Year |
NEXT MEETING WEDNESDAY, JULY 26, 2023 AT 6:30PM THE "FLORIDA MEDICAL CANNABIS PHYSICIAN GROUP" (FMCPG)
FOR ALL "MEDICAL MARIJUANA DOCTORS" AND "MMTC DIRECTORS ONLY " TOPICS TO BE DISCUSSED PROTECTING YOUR MEDICAL CANNABIS PRACTICE
Updates on RFE Requests Becoming a Chapter of the Society of Cannabis Clinicians
QUESTIONS FROM PHYSICIANS HOW TO BEST ANSWER YOUR PATIENT QUESTIONS |
NEWS FROM THE PAST WEEK
RELATING TO THE BUSINESS OF CANNABIS IN FLORIDA Click on Company Logo to be Transferred to Web Site |
TRULIEVE ANNOUNCES OPENING OF MEDICAL CANNABIS DISPENSARY IN POOLER, GA
Access to medical cannabis now available at four dispensaries in the state
TALLAHASSEE, Fla., July 12, 2023 — Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company in the United States, today announced the grand opening of Trulieve’s fourth medical cannabis dispensary in the state.
“Increasing access for Georgia’s growing patient population is a responsibility we take seriously,” said Kim Rivers, CEO of Trulieve. “We listen carefully to what our patients want, which in Georgia is more locations, so we are proud to open the Pooler dispensary today offering great customer service, top-quality products, patient certification and educational events.”
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AYR CANNABIS DISPENSARY STRENGTHENS FLORIDA RETAIL FOOTPRINT WITH THREE NEW LOCATIONS
MIAMI, July 17, 2023 — 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 (“MSO”), today celebrated the opening of three retail locations in Orange County, Florida. The opening of AYR Cannabis Dispensary locations Orlando (UCF), Winter Haven and Orlando (N. Orange Blossom Trail) expand the Company’s retail presence to 62 locations throughout Florida and brings AYR’s total footprint to 86 stores nationwide.
“We are proud to see our Florida retail footprint exceed 60 locations as we further broaden our reach across the state,” said Sevi Borrelli, AYR’s General Manager, Florida. “Our patients in Florida are our top priority as we launch new initiatives and drive growth for our Company. With nearly one million registered patients across our home state, I am thrilled to see us continuing to evolve our retail presence while building long-lasting relationships with our communities.”
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AYR WELLNESS ANNOUNCES AGREEMENT TO ACQUIRE THIRD OHIO DISPENSARY LICENSE
MIAMI, July 13, 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 that it has entered an option agreement that provides AYR with the future ability to acquire 100% of the equity interests of Twice the Wellness, LLC, (“Twice the Wellness”) an entity provisionally licensed to operate a medical marijuana dispensary in Ohio. Terms of the agreement were not disclosed.
Twice the Wellness intends to open a dispensary in Woodmere, Ohio, a suburb of the Cleveland Metropolitan Area.
“AYR continues to focus on building a vertical presence in Ohio, a market where we have the ability to build considerable depth and market share,” said David Goubert, President and CEO of AYR. “We have begun to scale cultivation and production in the State with the opening of a 58,000 sq. ft. cultivation facility in Parma and have recently entered into agreements to acquire two dispensaries, pending regulatory approval, with Twice the Wellness set to become AYR’s third future location in Ohio. We look forward to operating these locations soon and scaling our business ahead of a potential conversion to adult-use sales.”
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RISE DISPENSARIES IRONICALLY “CELEBRATES” RICHARD NIXON WITH “THANKS, DICK” CAMPAIGN
Consumer Education and Promotions in Select Markets Call Out Anniversary of the Controlled Substances Act
CHICAGO and VANCOUVER, British Columbia, July 12, 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 the launch of its “Thanks, Dick” campaign, which will roll out across RISE Dispensaries in select markets on July 14th, to ironically “celebrate” Richard Nixon’s signing of the Controlled Substances Act in 1970. The “Thanks, Dick” campaign recognizes the destructive consequences of the Controlled Substances Act, which effectively initiated the War on Drugs and decades of harm on communities of color.
“Nixon’s Controlled Substances Act was an ill-conceived, targeted policy that brought on devastating impacts to individuals and communities for the last 50+ years,” said Green Thumb Founder, Chairman and Chief Executive Officer Ben Kovler. “The ‘Thanks, Dick’ campaign is a way to acknowledge the harmful aspects of cannabis history while advocating for a better future. We hope that this initiative raises awareness about the injustice that continues to exist today, the irony in federal policy, and the ways in which the current administration can right the wrongs of the past.”
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NEW NAME HOUSE OF PLATINUM CANNABIS |
RED WHITE & BLOOM AND ALEAFIA HEALTH MUTUALLY AGREE TO TERMINATE BINDING LETTER AGREEMENT
TORONTO, July 14, 2023 — Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) and Aleafia Health Inc. (TSX: AH and OTCQB: ALEAF) (“Aleafia”) are announcing the mutual termination of the binding letter agreement entered into between the parties on June 6, 2023 (the “Letter Agreement”) in respect of the proposed business combination transaction (the “Proposed Transaction”), as detailed in the joint press release issued on June 7, 2023. The termination is without liability or cost to either party.
Pursuant to the Letter Agreement, and as a pre-requisite to closing the previously announced Proposed Transaction, the approval of holders of Aleafia convertible debentures issued under the amended and restated debenture indenture providing for the issue of certain convertible debentures dated as of June 27, 2022 between Aleafia and Computershare Trust Company of Canada, as the trustee, as supplemented by: (a) the first supplemental indenture dated as of June 27, 2022 (providing for the issue of the 8.5% Series A Secured Convertible Debentures Due June 30, 2024); (b) the second supplemental indenture dated as of June 27, 2022 (providing for the issue of the 8.5% Series B Secured Convertible Debentures Due June 30, 2026), and (c) the third supplemental indenture dated as of June 27, 2022 (providing for the issue of 8.50% Series C Secured Debentures Due June 30, 2028) (collectively, the “Aleafia Convertible Debentures”) was required to settle all outstanding amounts due to them for an aggregate amount of $6 million in exchange for the cancellation of all Aleafia Convertible Debentures.
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FLUENT OPENS 32ND MEDICAL CANNABIS DISPENSARY IN CRESTVIEW FLORIDA, 35TH NATIONWIDE
New Retail Location Opens July 15th, Bringing Convenient Access to Medical Marijuana Patients in the Western Panhandle
TAMPA, Fla., July 13, 2023 — Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) (“FLUENT” or the “Company“), a vertically-integrated, multi-state cannabis company operating under the FLUENT™ brand, announced the opening of its 32nd medical cannabis dispensary in Florida and 35th retail location nationwide. FLUENT Crestview, located at 2385 S Ferdon Blvd, is the northernmost dispensary in the panhandle and will provide convenient access to the people of Crestview and surrounding communities. The dispensary is open daily from 9:00 a.m. to 8:30 p.m.
The new 2,500 square foot FLUENT Crestview store will host its grand opening on July 15th, featuring a local vendor market, food trucks, a live DJ and physicians available on site to educate the public about products as well as Florida’s medical cannabis program. Throughout the grand opening weekend, all products will be discounted by 50%1.
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VERANO ANNOUNCES THE OPENING OF ZEN LEAF NORWICH, THE COMPANY’S FIRST SOCIAL EQUITY JOINT VENTURE LOCATION IN CONNECTICUT AND THIRD CANNABIS DISPENSARY STATEWIDE
Situated in the eastern Connecticut city of 40,000 residents1, Zen Leaf Norwich is the first of six planned social equity joint venture dispensaries Verano plans to open across the state
Zen Leaf Norwich will welcome both medical patients and adult use customers, and joins Verano’s existing Connecticut operations including Zen Leaf dispensaries in Meriden and Waterbury, and CTPharma, a state-of-the-art, 217,000 square foot cultivation and processing facility in Rocky Hill
The dispensary is located at 606 W Main Street, a thoroughfare with an average daily traffic count of 17,100 vehicles2
Verano’s active operations span 13 states, comprised of 132 dispensaries and 14 cultivation and processing facilities with more than 1 million square feet of cultivation capacity
CHICAGO, July 12, 2023 — Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the opening of Zen Leaf Norwich, the Company’s first social equity joint venture location in Connecticut and third cannabis dispensary statewide, on Friday, July 14 at 9 a.m. local time. Zen Leaf Norwich, located at 606 W Main Street, is open Monday through Saturday from 9 a.m. to 9 p.m. and Sunday from 10 a.m. to 6 p.m.
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IANTHUS ANNOUNCES APPOINTMENT OF RICHARD PROUD AS CEO AND DIRECTOR
July 17, 2023 – iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company“) (CSE: IAN) (OTCPK: ITHUF), which owns, operates and partners with regulated cannabis operations across the United States, is pleased to announce the appointment of Richard Proud as Chief Executive Officer and Director on the Board of Directors (the “Board“) of the Company, effective immediately.
“The Board believes Richie is the ideal CEO to lead iAnthus’ next chapter of growth and innovation. Richie has a proven track record of execution, operational excellence, and developing teams that drive results. He’s a world class leader with deep seated industry expertise. We have every confidence Richie will make a transformational impact on the Company and take it to new levels,” said Mich Mathews-Spradlin, Chairwoman of iAnthus.
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NATIONAL AND INTERNATIONAL NEWS |
MARIMED STAGES THE ‘BOSTON 280E THC PARTY’ IN BOSTON HARBOR TO PROTEST UNFAIR CANNABIS INDUSTRY TAX LAWS
Inspired by the Boston Tea Party’s 250th Anniversary, Company Management and Employees Dress in Colonial Outfits, Decry Unfair IRS Code 280E
NORWOOD, Mass., July 13, 2023 — Channeling the Boston Tea Party’s rebellious spirit while dressed in traditional colonial garb, MariMed executives and team members staged the ‘Boston 280E THC Party’ from a boat in Boston Harbor on July 12. In reenacting 1773’s “No taxation without representation” revolt, yesterday’s event protested Section 280E of the Internal Revenue Service Code. Section 280E burdens cannabis companies with paying significantly higher taxes than most U.S. businesses, often resulting in higher product prices for consumers. MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading Massachusetts-based cannabis company, surprised the crowds at Boston Harbor when they boarded the Liberty Star schooner, heaved cargo chests emblazoned with “WEED” overboard1 and chanted anti-280E slogans.
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SPRINGBIG ANNOUNCES PRELIMINARY Q2 RESULTS AND UPDATED BUSINESS OUTLOOK
BOCA RATON, Fla., July 11, 2023 — SpringBig Holdings, Inc. (“springbig” or the “Company”) (NASDAQ: SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs to the cannabis industry, today announced preliminary results for the quarter ended June 30, 2023 and provided an update on the outlook for the second half of the fiscal year.
Revenues for the three months ended June 30, 2023, are expected to be $7.2 million, representing 12% year-on-year growth, and Adjusted EBITDA loss is expected to be $1.1 million compared with $3.4 million in the same three-month period last year. For the first half of the fiscal year, revenues have increased by 14% year-on-year to $14.4 million and Adjusted EBITDA loss has been reduced by 58% to $2.5 million compared with $5.9 million in the same six-month period last year.
For the year ending December 31, 2023, springbig currently expects revenue in the range of $31.0 million to $32.5 million, representing 19% growth at the mid-point, and an Adjusted EBITDA loss in the range of $(1.5) million to $(2.0) million.
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CANOPY GROWTH ENHANCES FINANCIAL FLEXIBILITY AND DELEVERS COMPANY BALANCE SHEET BY $437 MILLION
Company Announces Accretive Reduction of Corporate Debt, Preservation of Cash, and an Improved Financial Position Through a Series of Agreements Supported by Secured and Unsecured Lenders
SMITHS FALLS, ON – July 14, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today that it has entered into a series of agreements, including privately negotiated redemption agreements (the “Redemption Agreements”) with certain holders of its unsecured senior notes due July 15, 2023 (the “Existing Notes”) and agreements with certain of its lenders under its term loan credit agreement dated March 18, 2021 (the “Credit Agreement”), that will have the overall effect of deleveraging the Company’s balance sheet.
Highlights
-Total Debt Reduction: ~ $437[1] million expected over the next 2 quarters
-Annualized Interest Expense Savings: ~ $20 – $30 million
-Discount Capture: Repayment of principal owing under the Credit Agreement between 93% and 95% of par
-Elimination of Call Premium: Ability to prepay remainder of loan at par
-Enhanced Equity Capitalization: Conversion of ~ 41% of Existing Notes into Common Shares
[1] This number assumes equitization of the Debentures.
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ATLAS GLOBAL BRANDS ANNOUNCES DELAY IN ANNUAL AND INTERIM FILINGS FOLLOWING COMPLEX REVERSE TAKEOVER, ACQUISITIONS AND CORPORATE RESTRUCTURING
CHATHAM, ONTARIO and TEL-AVIV, ISRAEL, July 14, 2023 — Atlas Global Brands Inc. (“Atlas Global” or the “Company”) (CSE: ATL) announces today that it anticipates a delay in the filing of its audited annual consolidated financial statements and related management’s discussion and analysis and certifications for the financial year ended March 31, 2023 within the specified timelines under applicable Canadian securities laws (collectively, the “Required Annual Filings”). As a result, the Company has made an application to the Ontario Securities Commission, as principal regulator, under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”) requesting a management cease trade order (“MCTO”) in respect of the anticipated late filing of the Required Annual Filings.
The delay in filing the Required Annual Filings is primarily the result of the complexity associated with the accounting (including in particular the tax provision) of the tri-partite and multi-jurisdictional reverse takeover of the Company completed on December 30, 2022 (the “Transaction”).
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RIFF CANNABIS BRAND LAUNCHES NEW THC BEVERAGES FOR SUMMER
New RIFF Wild Raspberry Lemonade and RIFF Blue Raspberry Ice Sparkling Drinks Infused with 10mg of THC, Crafted for #RefreshmentElevated
TORONTO, July 12, 2023 — Premium cannabis lifestyle brand RIFF, from Tilray Brands, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis and consumer packaged goods company, today debuts its new ready-to-drink, sparkling THC beverages with two fruit-forward flavours: Blue Raspberry Ice and Wild Raspberry Lemonade.
The new RIFF canned cannabis beverages hit all the right fruity notes, delivering a delicious blend of natural flavours and sweetness levels, without any lingering cannabis taste. Combined with fast-acting nano-emulsified THC, consumers can enjoy a quick onset of effects, ensuring an elevated refreshment, along with consistent, evenly blended active ingredients and an unparalleled experience that pairs perfectly with any occasion, whether solo or social.
Blair MacNeil, President, Canada: “Tilray has produced beverages in the past, but we’re excited to offer cannabis-infused beverages for the first time ever from RIFF. As the brand continues to evolve, entering the beverage category allows RIFF to broaden its current offerings across Canada, including its new lineup of craft flower and infused pre-rolls.”
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A CIGARETTE TO HELP CALIFORNIANS SMOKE LESS: 22ND CENTURY GROUP, INC. LAUNCHES REDUCED NICOTINE VLN® KING CIGARETTES IN CALIFORNIA, VLN WILL BE SOLD AT #1 U.S. CONVENIENCE STORE CHAIN AND OTHER RESPONSIBLE RETAIL LOCATIONS
With 95% less nicotine than a traditional cigarette, VLN® cigarettes help existing adult smokers reduce their nicotine consumption and dependence
SACRAMENTO, Calif., July 17, 2023 — Biotech company 22nd Century Group, Inc. (NASDAQ: XXII) this week launched VLN® King cigarettes, the first-ever reduced nicotine combustible cigarette, in the California market. Starting July 17th, VLN® cigarettes contain a staggering 95% less nicotine than conventional cigarettes and will be conveniently available in California at more than 275 sites of the number one convenience store in the US, in addition to numerous other convenience stores across California. VLN® King cigarettes have made history by receiving U.S. Food & Drug Administration (FDA) approval as a modified risk tobacco product (MRTP).
“We see our VLN® product offering Californians who smoke a tremendous new option because VLN® cigarettes are specifically designed to help smokers smoke less, increase their number of smoke-free days, and reduce their nicotine exposure and dependence,” said John Miller, 22nd Century Group President, Tobacco Division. “Our goal with VLN® is to meet California consumers where they are with a combustible product that helps people smoke less.”
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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 833,000 AND 579 DISPENSING LOCATIONS |
LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
JULY 14, 2023
Report BY THE NUMBERS
Qualified Patients: (Active ID Card): JULY 14 2023- 833,463
JULY 07 2023- 831,775 JUN 30 2023- 830,191 JUN 23 2023- 828,560
JUN 16 2023- 827,090
Patients Last Week: 1,688 Qualified Ordering Physicians: 2,572 New Doctors Last Week: 11 Reporting Period: JULY 7 TO JULY 13 2023
Amount of Medical Marijuana Dispensed - (mgs THC) 334,398,140 Amount of Low-THC Cannabis Dispensed - (mgs CBD) 2,537,962 Amount of Marijuana in a From for Smoking (oz) 100,072.776 Approved Dispensing Locations: 579 ADD LAST WEEK - 0 |
UPCOMING MEETING AND CONFERENCES |
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