CORPORATE NEWS
MedMen promises to bring the pot to your door
One of the biggest developments during this period was the announcement that MedMen (MMNFF) was going to launch a cannabis delivery service. The company has also specified that one-day deliveries are also going to be available.
Canopy Growth buys out research JV
Canopy Growth (CGC) is well known for acquisitions and recently, it bought out its partners’ stake in the CBD research joint venture named Beckley Canopy Therapeutics. The JV had been launched in partnership with Beckley Research & Innovations, a company based out of the UK.
New marijuana stock on the way
The Green Orange Dutchman (TGODF) is a well-known stock and the company has recently announced that it has filed an application to be listed on NASDAQ. It has been an over the counter stock all this time.
Cronos acquires Lord Jones CBD personal care products
Another highlight of August was Cronos Group’s (CRON)decision to buy CBD skincare and beauty products company Redwood Holdings Ground for $300 million. This deal gives the company ownership of the Lord Jones brand.
Tilray
In an important development for Tilray (TLRY), the company has managed to extend the lock-up period of the shares owned by its biggest investor, Privateer Holdings, by two years.
Planet 13 Holdings
The Nevada based company Planet 13 Holdings (PLNHF) announced that it has signed a lease with Cannabition, Las Vegas’s immersive Cannabis Museum. The 7000 square feet complex is expected to open in Q2 2020.
Curaleaf Introduces First Medical Cannabis Tablets In Florida
Curaleaf (CURLF) continues its expansion into Florida with the introduction of medical cannabis tablets in the state.