Minneapolis-based Vireo Health International said it has filed a preliminary prospectus in Canada to sell as much as 260 million Canadian dollars ($200 million) in securities if and when market opportunities permit. Such a shelf offering doesn’t mean a…
Cannabis Industry & Marijuana Business Briefs
Supply-demand imbalance grows for Canadian cannabis edibles
Makers of edible cannabis products in Canada continue to stock more goods than they’re able to sell, the latest data from Canada’s cannabis regulator shows. In August, federal license holders, provincial distributors and retailers held almost 10 millio…
California judge rules against cannabis billboard ads on interstate highways
Billboards for marijuana companies are commonplace in California, but that advertising option for cannabis businesses is about to shrink based on a district court judge’s ruling. According to TV station KSBY, San Luis Obispo Superior Court Judge …
Maine’s recreational marijuana sales reach $1.4 million in first month
Regulated recreational marijuana retailers in Maine sold $1.4 million worth of cannabis in the first month of adult-use legalization, which kicked off on Oct. 9. The preliminary, unaudited sales data from Maine’s Office of Marijuana Policy (OMP) …
Cannabis MSO Jushi plans $50 million expansion in Pennsylvania
Fast-growing multistate cannabis operator Jushi Holdings said it will invest $50 million to expand its Pennsylvania cultivation and processing facility to meet increasing market demand. The Florida-based MSO plans to expand the facility in Scranton fro…
Cannabis delivery, curbside pickup return to parts of Ontario — but for how long?
Private-sector Ontario cannabis retailers may once again offer home delivery and curbside pickup during a month-long pandemic lockdown in two heavily-populated regions, but it remains unclear how long the government will continue permitting those servi…
South Dakota’s recreational marijuana law to be challenged in court
A lawsuit in South Dakota backed by the governor questions the constitutionality of the voter-approved amendment that legalized recreational marijuana in the state. The lawsuit was filed Friday by Pennington County Sheriff Kevin Thom and South Dakota H…
Cannabis firm Liberty Health settles class action suit for $1.8 million
Canada-based cannabis operator Liberty Health Sciences said it agreed to settle a 2019 securities fraud class action lawsuit for $1.8 million. The settlement is “made without any admission or finding of liability and is subject to court approval,” Libe…
Marijuana operator Harvest settles dispute over Washington state assets
Multistate marijuana operator Harvest Health & Recreation said it has settled litigation in connection with the Washington state portion of an $85.8 million deal the company announced last March to buy the Seattle-based Have a Heart retail group. T…
Longtime California cannabis czar Lori Ajax is stepping down
After nearly five years of overseeing the rollout of California’s statewide marijuana regulatory system, Lori Ajax is retiring. Alex Traverso, spokesman for the California Bureau of Cannabis Control, confirmed Ajax’s resignation on Friday t…