Cannabis operator Ascend Wellness Holdings (AWH) has completed the previously announced $19 million acquisition of four Nature’s Medicines and True Wellness licensed dispensaries in Maryland from Devi Holdings. The four operating dispensaries are located in Aberdeen, Ellicott City, Crofton, and Laurel. Ascend Wellness Holdings announced the deal in January 2023 in a move to foray […]
Dr. Reddy’s Laboratories has agreed to acquire Nimbus Health, a German medical cannabis firm, for an undisclosed price. The Indian pharma company will acquire Nimbus Health for an upfront payment followed by earn-outs that are contingent on performance and milestones over the next four years. Established in 2018, Nimbus Health is the product sales and […]
Australis Capital (doing business as Audacious) has acquired California-based cannabinoid infused shot beverage company Gary Maverick, which operates under the brand name LOOS. The financial terms of the deal were not disclosed. Audacious said that with LOOS it is adding an exciting new beverage brand and product range to its portfolio, which is targeted at […]
RTM Beverages, an Irish drinks innovation company, has announced the US launch of LOKI, which it claims is the first-ever enhanced seltzer in the world. LOKI is prepared from the cannabinoid extract Delta-8. It is said to provide a clean alternative to alcohol, while giving a unique and vibrant sensation, without any hangover. The new […]
Goodekind, a US-based hemp company, has launched a new product range of non-GMO, organic, and vegan Delta 8 THC gummies, as announced by the company on 16 March 2021. The Delta 8 THC gummies are available in four flavors – Watermelon Thump, Blind Lemon, Peach Pie, and Blazed Berries. Delta 8 THC is a cannabinoid […]
The Green Organic Dutchman (TGOD), a Canadian producer of organically grown cannabis, has launched RIPPLE Gummies by TGOD, a cannabis-infused confectionary product to provide a scientifically validated 15-minute onset. RIPPLE Gummies by TGOD will be available initially in Alberta, British Columbia, and Manitoba. Green Organic Dutchman intends to grow distribution across Canada after securing provincial […]
Puration (PURA) has entered into a letter of intent (LOI) to acquire a CBD infused sexual wellness product line. The acquisition is expected to be wrapped up by the end of this month and will mark its fourth acquisition in 2020. PURA said that its revenue is generated mainly via the sales of its EVERx […]
US cannabis cultivator iAnthus Capital will be officially inaugurating its first Northeast Be. cannabis retail store on Staten Island, New York City on 26 March. The company, which owns, operates, and partners with licensed cannabis operations across the US, said that the new retail store of 3,850 square foot space, is located at 338 New […]
Gibraltar Industries has acquired the assets of Delta Separations, a California-based manufacturer of centrifugal ethanol-based extraction systems for $50 million in an all-cash deal. Based in Buffalo, New York, Gibraltar Industries is engaged in manufacturing building products for the industrial, residential, and infrastructure markets. The company’s deal with Delta Separations enables it to expand its […]
Cannara Biotech, a Canadian cannabis company, has secured cultivation licence from Health Canada for 170,000 sq. ft. phase 1 of its Farnham Facility in Québec. The Farnham Facility will produce indoor cannabis and cannabis-infused products targeting the Canadian and global markets. Cannara Biotech expects to start cultivation immediately with a first harvest to occur in […]