2019 Cannabis Business Award's Publication of the Year |
WEDNESDAY, APRIL 24, 2024 |
FLORIDA SUPREME COURT SAYS YES!! |
FMCPG HAS BEEN SERVING
AND REPRESENTING THE CANNABIS PHYSICIAN COMMUNITY SINCE 2020 |
REGISTER FOR NEXT MEETING
WEDNESDAY, MAY 1, 2024 AT 6:30PM THE
"FLORIDA MEDICAL CANNABIS PHYSICIAN GROUP" (FMCPG)
FOR ALL
"MEDICAL MARIJUANA DOCTORS" AND "MMTC DIRECTORS ONLY " TOPICS TO BE DISCUSSED PLANNING OF OUR "2024/2025 LEGISLATIVE PRIORITIES" DISCUSSION TOPICS: ADULT USE ON THE BALLOT IN NOVEMBER HOW WILL THIS AFFECT YOUR PRACTICE AND PATIENTS? THE HEMP BILL: WHAT'S NEW QUESTIONS FROM PHYSICIANS UPDATE ON RFE'S HOW TO BEST ANSWER YOUR PATIENT QUESTIONS MEMBERS OF THE FLORIDA MEDICAL CANNABIS PHYSICIANS GROUP EMAIL CHARLES FELIX AT charles@cannabisnewsflorida.com FOR THE MEMBER DISCOUNT CODE FOR THIS YEARS FLORIDA MEDICAL CANNABIS CONFERENCE & EXHIBITION |
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 TO OPEN MEDICAL CANNABIS DISPENSARY IN NORTH PALM BEACH, FLORIDA
New location on U.S. Highway 1 will host grand opening celebration Friday
TALLAHASSEE, Fla., April 22, 2024 — 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 opening of a new medical cannabis dispensary in North Palm Beach, Florida.
A grand opening celebration will be held Friday, April 26, beginning at 9 a.m., featuring music, specials, discounts, and opportunities to register for upcoming patient education sessions.
“We are thrilled to expand access to medical cannabis in Florida with this new dispensary,” said Trulieve’s Chief Executive Officer Kim Rivers. “Patients in Palm Beach County can find their favorite top-quality branded cannabis products and experience Trulieve’s world-class customer service at this convenient location.”
READ MORE |
NEW LOCATION 1428 ALTON ROAD MIAMI BEACH, FL 33139 |
SUNBURN CANNABIS OPENS FIRST MIAMI STORE LOCATION IN SOUTH BEACH AHEAD OF 4/20
FORT LAUDERDALE, Fla., April 18, 2024 — Sunburn Cannabis, a Florida-based and licensed vertically integrated cannabis operator, today announced the opening of its first store in Miami-Dade County and 12th location in Florida, located at 1428 Alton Road in Miami Beach. Sunburn Cannabis is inspired by Florida’s rich history and the true story of CEO and Founder, Brady Cobb, and his late father, Clyde Walton “Bill” Cobb, who was a cannabis smuggler in Key West in the 1970s and 1980s. Sunburn incorporates traditions passed down from its founders, employing a team that is passionate about the plant and the culture and community surrounding it. The brand is named after “Operation Sunburn,” the federal investigation that brought down Brady’s father in 1984.
The Sunburn story may have started in Key West but has roots in Miami. After law enforcement closed down the Florida Keys, the Operation Sunburn Crew offloaded shipments in Biscayne Bay. Bill Cobb lived and played on Golden Beach in Miami while using suites at The Mutiny Hotel to count cash from running grass. 47 years later, Sunburn Cannabis is coming back to the 305. “We are thrilled to open our first Miami-Dade County location in Miami Beach, and as someone that has spent decades on this beach, this is an extra special moment,” said Brady Cobb. He added, “Some of my best memories are on South Beach, and I am excited to bring our Florida-focused brand and top-shelf products to Miami and to become a valued partner in this vibrant community.”
READ MORE |
SUNBURN CANNABIS - TAMPA LOCATION
2409 S MacDill Ave Tampa, FL OPENS TODAY AT 9AM (APRIL 24, 2024 ) |
THE CANNABIST COMPANY ANNOUNCES LAUNCH OF ITS AWARD-WINNING TRIPLE SEVEN BRAND IN NEW YORK AND FLORIDA
Brand Now Available in All 15 Cannabist Company Markets Across the U.S.
NEW YORK—-Apr. 16, 2024– The Cannabist Company Holdings Inc. (Cboe CA: 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 that Triple Seven, its premium, higher THC flower brand, has launched in New York and Florida, making it now available in all of the Company’s 15 markets.
This week, Triple Seven flower and pre-rolls will be available to New York medical patients at Cannabist Brooklyn, Columbia Care locations in Manhattan, Riverhead, and Rochester, and across its wholesale network for both medical and adult-use partners. Triple Seven flower is also now on the shelves at Cannabist locations throughout Florida, with pre-rolls expected to launch later this year. The expansion into the New York and Florida markets is a major milestone for Triple Seven, making it the first in-house brand to become available in all of the Company’s 15 markets.
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LIQUIDITY, LEVERAGE, PROFITABILITY, SIZE
On a liquidity basis, one of the critical ratios we look at is the free cash flow adjusted current ratio. We generally take the most recent quarter of cash flow from operations minus capex and annualize it, then add that figure to the numerator in the classic current ratio. Sometimes, in companies with high seasonality, we may use a different annualization method. The ratio gives a good indication of whether a company is likely to need additional financing during the year. The top 5 credits have ratios of approximately 3x, while the top 10 score around 2.25 on average. Conversely, the lowest five rated companies have ratios that average 0.21x, while the lowest ten average .66x. It is essential to realize that the various credit factors interrelate. So, for example, low liquidity may not be much of a concern to a profitable company with low leverage, while borderline liquidity may rise to serious concern for a company that is already over-levered.
Another component that the Viridian Model strongly considers is leverage. We use four leverage indicators based on market value, balance sheet, cash flow, and forward EBITDA estimates. The most highly weighted variable, however, is total liabilities to market cap. The top five companies score an average of 0.36x, with the top ten averaging .58x. On the bottom end, the worst five ranked companies average 10.12x, and the bottom ten average 7.34x. We generally think that ratios above about 4x should cause significant scrutiny/concern. The next most highly weighted leverage indicator is funds from operation/ total liabilities. On this ratio, the top ten credits average .13x while the bottom ten average -.04x
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ARE CANNABIS STOCKS UNDERVALUED VS. ALCOHOL, TOBACCO, PHARMACEUTICAL, HEALTHCARE PRODUCTS AND FOOD STOCKS? April 22, 2024- The chart shows Enterprise Value to 2024 consensus EBITDA multiples on the vertical axis against 2023-2025 Revenue CAGR on the horizontal axis for thirteen different consumer products industries.
We used data from 295 companies organized into 13 different industry categories. The assignment of companies into industry groupings follows the work of Aswath Damodaran, a noted finance professor at NYU.
Valuation multiples and revenue growth rates were calculated by aggregating all companies in the industry group before calculating the respective ratios.
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NATIONAL AND INTERNATIONAL NEWS |
WHAT DOES THE FUTURE OF CANNABIS NURSING LOOK LIKE?
On Wednesday, April 17th a group of five expert cannabis nurses participated in a panel moderated by SCC Board Member Dr. Windi Muraszka to discuss The Future of Cannabis Nursing.
The conversation centered around the panelists background in medical cannabis, potential ways to get compensated as a cannabis nurse, how nurses can integrate medical cannabis into their practice, and ways to de-stigmatize medical cannabis as it becomes more present in the current healthcare setting.
Keep reading to learn about the important takeaways from this incredibly informative and eye-opening conversation.
Important Takeaways from The Future of Cannabis Nursing Webinar:
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BLÜM HOLDINGS RELEASES 2023 ANNUAL REPORT: EXECUTIVE SUMMARY
EXECUTIVE SUMMARY HIGHLIGHTS 18 MONTHS OF TRANSFORMATION
SANTA ANA, Calif., April 18, 2024 (GLOBE NEWSWIRE) — Blüm Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “we” or “us”), a cannabis company which through its subsidiaries has operations throughout California, is proud to announce the release of its “2023 Annual Report: Executive Summary”.
“The Executive Summary encapsulates the transformative journey of Unrivaled Brands, Inc. over the past 18 months, characterized by a restructuring, and a focus on debt reduction and achieving operational efficiency,” said Sabas Carrillo, Chief Executive Officer of Blüm Holdings. “Despite the uncertainties of the past year, we have remained steadfast in our commitment to delivering value to our customers, employees, and shareholders, through resilience and dedication to our core values. We look forward to building on this momentum as we continue our journey towards sustained success.”
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TRANSGLOBAL ASSETS INC. PROVIDES AN UPDATE WITH THE JOINT-VENTURE PARTNER BETTER HEALTH SCIENCES FOR PETS CORP.
CHEYENNE, Wyo., April 18, 2024 — TransGlobal Assets Inc.’s (OTC: TMSH) joint-venture partner, Better Health Sciences For Pets Corp., has taken a significant step by submitting two additional products to Health Canada for approval as Veterinary Health Products (VHPs). These products are currently awaiting their Notification Numbers (NNs) to be issued, indicating compliance with VHP regulations.
This move highlights the commitment of TransGlobal Assets Inc., and Better Health Sciences For Pets Corp., to provide safe, effective, and high-quality products for animal health. By adhering to VHP regulations, they are ensuring the protection of animal health, consumer interests, public health, and the environment.
Moreover, by seeking approval from Health Canada, the companies are demonstrating their dedication to market integrity and compliance with regulatory standards. This not only fosters trust among consumers but also facilitates international trade by meeting regulatory requirements for product registration.
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MONTAUK BREWING’S PROJECT 4:20 IPA RETURNS TO SUPPORT SURFRIDER FOUNDATION
Proceeds Will Help Protect Oceans, Waves and Beaches for All People to Enjoy
MONTAUK, N.Y., April 18, 2024 (GLOBE NEWSWIRE) — Montauk Brewing Company (“Montauk Brewing” or “Montauk”), the leading and fastest-selling craft brewer in Metro New York known for its exceptional craft beers and a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), today announced the return of Project 4:20 India Pale Ale, a limited release crafted to celebrate and support green charities during Earth Month and beyond. This year, Montauk will donate proceeds of Project 4:20 to the Surfrider Foundation, a non-profit dedicated to the protection and enjoyment of the world’s oceans, waves and beaches.
Montauk brewed Project 4:20 (6.8% alcohol-by-volume) with a unique blend of terpenes for maximum dankness, resulting in a hazy IPA that delivers resinous hempy aromatic notes. In addition to donating 5% of proceeds from Project 4:20 to the Surfrider Foundation, Montauk Brewing will also promote and participate in beach cleanups hosted in April by the organization’s Eastern Long Island and Central Long Island chapters.
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GOOD SUPPLY CANNABIS BRAND CELEBRATES EARTH DAY AND UNVEILS ENVIRONMENTAL IMPACT OF “GREEN YOU CAN FEEL GOOD ABOUT” CAMPAIGN
TORONTO, April 18, 2024 — Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today announced a sustainability update on its pioneering sustainable packaging initiative within its popular Canadian cannabis brand, Good Supply®. This Earth Day, Good Supply is proud to showcase significant strides in their environmental efforts as they expand the rollout of hemp-based packaging for its pre-rolls, vape products, and whole flower offerings.
With these eco-conscious packaging enhancements, Good Supply not only continues their commitment to reducing single-use plastics, but they also showcase the outstanding and increasing contribution to environmental sustainability. Following the successful introduction of the hemp packaging last summer, which diverted approximately 131,000kg of plastic waste, Good Supply’s ongoing efforts have now prevented over 925,000kg of plastic from reaching landfills1—that’s 7x as much as last year since June 2023.
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HYTN INNOVATES GMP STABILITY PROGRAMS, SETS INDUSTRY BENCHMARK
VANCOUVER, British Columbia, April 22, 2024 — HYTN Innovations Inc. (CSE: HYTN | FSE: 85W0) “HYTN” or “The Company”, a leader in the development, formulation, and manufacturing of products containing psychoactive and psychotropic compounds, including cannabis, is pleased to announce significant advancements in its Good Manufacturing Practice (GMP) stability programs.
Stability programs constitute a cornerstone of all GMP guidelines and are vital for achieving GMP certification. Since achieving GMP certification under the International Pharmaceutical Cooperation Scheme (PIC/S) and welcoming Health Canada for a GMP audit of their Kelowna facility, HYTN has expanded its stability program. Notably, this expansion encompasses both 10g jars and bags for cannabis products and 1g sachets of psilocybin-containing mushrooms, marking a significant milestone that reflects HYTN’s comprehensive commitment to product excellence, consumer safety, and innovation, all while maintaining our rigorous dedication to quality assurance.
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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 879,000 AND 629 DISPENSING LOCATIONS
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LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
APRIL 19, 2024 Report
BY THE NUMBERS Qualified Patients: (Active ID Card):
APR 19 2024- 879,763 APR 12 2024- 878,724 APR 05 2024- 877,941 MAR 29 2024- 877,954 MAR 22 2024- 877,178
MAR 15 2024- 876,716
Pattients Last Week: 1,039 Qualified Ordering Physicians: 2,434 New Doctors Last Week: - 69 Reporting Period: APR 12 to APR 18 2024
Amount of Medical Marijuana Dispensed - (mgs THC) 361,843,186 Amount of Low-THC Cannabis Dispensed - (mgs CBD) 34,050,745 Amount of Marijuana in a From for Smoking (oz) 118,683.246
Approved Dispensing Locations: 632 ADD LAST WEEK : 3 GTI FLORIDA - WESLEY CHAPEL SUNBURN - MIAMI BEACH TRULIEVE - NORTH PALM BEACH |
UPCOMING MEETING AND CONFERENCES |
MEMBERS OF THE FLORIDA MEDICAL CANNABIS PHYSICIANS GROUP EMAIL CHARLES FELIX AT charles@cannabisnewsflorida.com
FOR THE MEMBER DISCOUNT CODE FOR THIS YEARS FLORIDA MEDICAL CANNABIS CONFERENCE & EXHIBITION |
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:
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