Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf”), a vertically integrated cannabis operator in the United States, announced today it has signed a definitive agreement to acquire the state-regulated cannabis business of Cura Partners, Inc. (“Cura”), owners of the Select brand, in an all-stock transaction valued at C$1.27 billion or US$948.8 million. Post-transaction, Cura will have approximately 16% pro forma ownership of Curaleaf on a fully-diluted basis.
Immediately upon the closing of the deal, Select CEO Cameron Forni will join Curaleaf as President of Select and will join the Curaleaf Board of Directors. Nittan
MMJ International Holdings has announced an agreement for manufacturing of its oral drug product for the treatment of multiple sclerosis (MS) and Huntington’s disease (HD) with Thermo Fisher Scientific.
Under the terms of the agreement, MMJ International Holdings will develop the active pharmaceutical ingredient (API) for drug product MMJ 001 as a liquid-filled gel capsule. MMJ-001 is derived from the marijuana plant containing THC and CBD as a natural whole plant extract.
According to David Hess from Tress Capital, Cannabis Now –known for its glossy magazine– is about to launch a unique CBD educational and experiential retail store at the Beverly Connection, which is directly in the heart of Beverly Hills/West Hollywood, California. The retail location will not carry THC products.
After shopping around and talking with various cannabis companies, entertainer, author and stoner-stereotype buster Chelsea Handler decided to partner with NorCal to debut her cannabis brand. She plans to begin with a line of vape products and edibles because that is how she mostly consumes cannabis.
The oldest pot prisoner, Antonio Bascaro spent nearly half of his life behind bars for smuggling marijuana, making him the longest-serving federal inmate doing time on charges for cannabis. In the late 1970s, Bascaro was charged as a member of a trafficking operation moving 600,000 pounds of pot from Colombia to Florida via fishing boats. While the ringleader received a lesser sentence, Bascaro refused to snitch on his co-conspirators. At 85 and in a wheelchair he is finally being released from prison, according to Dr. Dina.
PRØHBTD is putting on a hyper curated, invite only event in Southampton, Long Island, New York on May 31. The event, called Pot or Not is taking place in the mansion where the cable show Billions is filmed.
Serial entrepreneur and Bay-area rapper Berner’s cannabis and lifestyle brand Cookies debuted with a strain of Lemon Pound Cake flower. The cyan blue packaging features a younger portrait of Her Royal Highness Queen Elizabeth. Perhaps the company should send over a sample to Harry and Meghan in the hopes of obtaining the Royal Warrant of Appointment.
Cookies are also launching Berner’s new Cookies Cookies edibles collaboration with Big Pete’s.
Apothecanna debuted an aluminum-free deoderant, which is a departure from the cannabis cosmeceutical company’s usual oils and creams.
Sunrise Mountain Farms are softly launching their brand of flower and pre rolls into the retail space again.
Mood 33 is debuting a new THC-infused, watermelon-flavored beverage called Peace.
Post Malone launched his new cannabis brand, SHABOINK.
New York-based chefs, the Franks, are launching their new miscrodose edibles brand, Pantry.
Day two of Hall of Flowers begins in a few hours.