IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC), known for its significant strides in the medical cannabis sector, has announced a business combination with Kadimastem Ltd, an Israeli clinical cell therapy company. This strategic reverse merger, detailed in a non-binding term sheet and subsequent Loan Agreement, signals a pivotal shift in IM Cannabis Corp’s business direction, […]
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 […]
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 […]
Canadian medical cannabis provider PharmaCielo has agreed to acquire Ubiquo Telemedicina, a Colombian telemed services company for about CAD1.5 million ($1.17 million) in a cash-cum-stock deal. PharmaCielo said that the acquisition will expand access to medicinal cannabis expertise in the medical community in Colombia. Commenting on PharmaCielo acquisition of Ubiquo Telemedicina, Anthony Wile – CEO […]