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Global Cannabis and CBD News Roundup
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Hi,
Florida approved selling medical cannabis in gas stations. If you can buy alcohol at a gas station, why not cannabis? :)
In Toronto, Uber got into cannabis with a partnership to deliver it.
And a leaked paper suggests that to abide by regulations, Germany may buy their cannabis domestically. Given that they are Canada’s biggest buyer and cultivation investments have been made in other countries, this could have a big effect. The rest of Europe better jump on the legalization boat, if they want to share the love. :)
Feel free to subscribe to our Cannabis or CBD News Roundups.
Thanks and have an impressive week!
Jessica
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Stocks and Startups Briefs
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2022-10-17 Neptune Wellness Solutions ("Neptune" or the "Company") (NASDAQ: NEPT) is selling its cannabis business to PurCann Pharma for C$5.15M in cash. Flower One Holdings (CSE: FONE) (FSE: F11) seeks protection from the Supreme Court of British Columbia pursuant to the Companies’ Creditors Arrangement Act. The Government of Yukon completed a handover of cannabis retail sales to the private sector.
2022-10-18 Fire & Flower (TSX: FAF) (OTCQX: FFLWF) made a financing deal with Alimentation Couche-Tard, the owner of Circle K convenience stores, for ACT to supply the company with a $11M principal amount loan. Leafly (Nasdaq: LFLY) announced that it would cut 21% of its workforce as part of new cost-saving measures.
2022-10-19 Green Thumb Industries (CSE: GTII) (OTCQX: GTBIF) struck a deal with Alimentation Couche-Tard to start selling cannabis via Circle K convenience stores. The Green Organic Dutchman (OTC: TGODF) shares spiked after the announced purchase of the privately owned Canadian-based BZAM Holdings (BZAM) in an all-stock deal. AmeriCann (ACAN) reported a 44% increase in year-over-year revenue compared to last year.
2022-10-20 High Times Holding informed the Securities & Exchange Commission that it remains in default on its loan to ExWorks for $28.8M. BGP Acquisition (NEO: BGP.U) (OTCQX: BGPPF) (OTCQX: BGPAF) has agreed to acquire Craft 1861 Global. CENTR Brands (CSE: CNTR) (FSE: 303) (OTCQB: CNTRF) entered into a Settlement Agreement with Joseph E. Meehan, its former CEO, and his consulting company, Redcliffe Gardens Capital. CannTrust (the "Company" or "CTH") made a Division I Proposal pursuant to the Bankruptcy and Insolvency Act in Canada.
2022-10-21 The Ontario Securities Commission (OSC) urged the Capital Markets Tribunal to approve a settlement with Cronos Group after the Toronto-based improperly recognized $7.6M Q1, Q2, and Q3 financial statements for 2019.
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