Category Archives: Cannabis Industry News

Cannabis Industry News

Photonics for a Smarter Life: OSRAM Will Showcase Latest Technologies That Improve Mobility; Connectivity; Safety and Security; Well-Being and Health at CES 2019

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LAS VEGAS & WILMINGTON, Mass.–(BUSINESS WIRE)–Osram, a global high-tech lighting company, returns to CES in 2019 to demonstrate its break-through technologies in a range of applications including Mobility; Connectivity; Safety and Security; and Well-Being and Health. Technologies beyond visible illumination enable self-driving vehicles, as well as Advanced Driver-Assistance Systems (ADAS), and biometric identification applications. In […]

Cura Partners, Inc. Hires Hotel Exec Angelo Lombardi as Chief Operating Officer

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PORTLAND, Ore.–(BUSINESS WIRE)–Cura Partners, Inc., one of the largest cannabis companies in the world and maker of the Select brand, announces the appointment of Angelo Lombardi as Chief Operating Officer (COO). Lombardi joins Cura with more than 27 years in the hospitality industry, notably holding a previous role as Executive Vice President of Operations and […]

Kessler Topaz Meltzer & Check, LLP Announces Investor Securities Fraud Class Action Lawsuit Against Aphria Inc.

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RADNOR, Pa.–(BUSINESS WIRE)–The law firm of Kessler Topaz Meltzer & Check, LLP reminds that an investor securities fraud class action lawsuit has been filed against Aphria Inc. (NYSE: APHA) (“Aphria”) on behalf of purchasers of Aphria securities between July 17, 2018 and December 4, 2018, inclusive (the “Class Period”). Aphria investors who purchased securities during […]

Symboli Security Token Offering (STO) Showcasing the First Cannabis Dividend®

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LOS ANGELES–(BUSINESS WIRE)–Symboli announces its intent to create and issue its proprietary Symboli token (www.symboli.com) as a Security Token Offering (STO) under U.S. law to purchase five operational cannabis retail locations in Los Angeles, California, with annual revenues in excess of $100 million in 2019. Symboli will establish a substantial California presence, expand, build strategic […]

MJardin Group Granted Cannabis Cultivation License by Health Canada for Nova Scotia Facility

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DENVER–(BUSINESS WIRE)–MJardin Group, Inc. (“MJardin” or the “Company”) (CSE:MJAR), a leader in cannabis management, is pleased to announce that the recently opened cultivation and extraction facility in Lower Sackville, Nova Scotia owned by AtlantiCann Medical Inc. (“AMI”), in which MJardin has a 50% equity interest, has been granted a license by Health Canada for cannabis […]

POSaBIT Rolls Out First Customer for its Innovative Point-of-Sale System Integrated with Payment Processing – a Complete Store Management Solution for Retail Cannabis Stores

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SEATTLE–(BUSINESS WIRE)–POSaBIT the leading financial technology company delivering unique blockchain-enabled payment processing and point-of-sale (POS) systems for cash-only businesses, today announced that its integrated POS and payments platform has been deployed at Trove in Washington state. This is the inaugural deployment of POSaBIT’s complete store management solution designed to help the cannabis sector realize its […]

Acerus Announces Results of Phase 1 Clinical Trial with a Proprietary Intranasal Formulation of a Tetrahydrocannabinol-Rich Cannabis Oil

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TORONTO–(BUSINESS WIRE)–Acerus Pharmaceuticals Corporation (TSX: ASP) (“Acerus” or the “Company”) is today providing results of a Phase 1 clinical trial (the “trial”) testing a proprietary intranasal formulation of a tetrahydrocannabinol (“THC”)-rich cannabis oil in healthy volunteers. The THC trial, previously announced on October 24, 2018, involved 12 overnight-fasting, healthy subjects with prior cannabis experience. Each […]

MedMen Announces Closing of San Francisco Bay Area Dispensary Acquisition

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LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF) (FSE: A2JM6N) is pleased to announce that it has closed its previously announced acquisition (the “Acquisition”) of a dispensary license in Emeryville, California from B12, LLC. Pursuant to the Acquisition, the Company paid a combination of cash at closing and shares of […]

Best’s Market Segment Report: U.S. Personal Lines Insurance Outlook Held at Stable as Private Passenger Auto Segment Sees Turnaround

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OLDWICK, N.J.–(BUSINESS WIRE)–AM Best is maintaining a stable market segment outlook for the personal lines segment of the U.S. property/casualty insurance industry in 2019, citing improved underwriting performance in the private passenger auto line of business, lower—albeit still elevated— catastrophe experience and favorable investment returns. A new Best’s Market Segment Report, titled, “Market Segment Outlook: […]

Global Legal Cannabis Market 2019-2023| Use of Advanced Techniques to Boost Growth| Technavio

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LONDON–(BUSINESS WIRE)–The global legal cannabis market research report by Technavio predicts the market to post a CAGR of more than 27% during the period 2019-2023. A key driver for the global legal cannabis market is the rapid legalization of cannabis worldwide. Many nations have been decriminalizing cannabis and legalizing the use of marijuana both for […]