Hi,

Canopy, the once massive MSO, has decided to streamline operations and sell their 28 dispensaries. Meanwhile, the Ontario government is estimated to be the most profitable cannabis business in Canada. They are evaluating skimming less revenue from cannabis companies.

British American Tobacco is furthering its investment in cannabis and, along with other players, investing in a German company. While the jury is out on whether cannabis competes with tobacco, it’s easy to see the powerful distribution network that Big Tobacco could deliver post-legalization.

Feel free to subscribe to our Cannabis or CBD News Roundups.

Have a enjoyable week!
Jessica

2022-09-26
Cellular Goods (LSE: CBX), UK-based wellness company, signed a letter of intent to acquire Cannaray Ltd.
4Front Ventures (CSE: FFNT) (OTCQX: FFNTF) introduced its California cannabis brand, Island Cannabis to Massachusetts.

2022-09-27
TPCO Holding Corp. (The Parent Co.) (NEO: GRAM.U) (OTCQX: GRAMF) acquired the last 15% equity of its Calma Weho LLC dispensary after receiving regulatory approvals.

2022-09-28
Ascend Wellness Holdings (CSE: AAWH.U) (OTCQX: AAWH) saw CEO Abner Kurtin replaced by a pair of interim co-CEOs.
ACT Laboratories, a Cannabis testing company, acquired another lab company, CDX Analytics, for an undisclosed sum.
IPower (Nasdaq:IPW) (“iPower” or the “Company”) reported a Q4 revenue increase of 50% to $22.1M compared to $14.7 million from last year.
Real Brands (OTC:RLBD) has acquired all the assets of Boulder Botanical & Biosciences Laboratories, Inc., a manufacturer of CBD products.

2022-09-29
Safe Harbor Financial (Nasdaq: SHFS) completed a special purpose acquisition corporation (SPAC) deal with Northern Lights Acquisition Corp. (Nasdaq: NLIT).
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) reported Q3 results with revenue of $10M, an increase of 111% over last year’s $5.1M.
High Tide (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), acquired 100% of the equity interest in Jimmy’s Cannabis Shop BC.
Irwin Naturals (CSE: IWIN) (OTC: IWINF) (FRA: 97X) agreed to buy all of the issued and outstanding shares of Keta Media LLC dba Ketamine Media.

2022-09-30
Grown Rogue (OTC:GRUSF) Q3 2022 revenue was $4.25M, an increase of 40% compared to $3.03M in Q3 2021.