National Access Cannabis (TSXV:META) announced its decision to exercise an option to acquire the shares of The Green Company, operating as NewLeaf, for C$23.5 million shares in escrow and C$5.8 million in cash.

As quoted in the press release:


To facilitate a timely closing, the parties to the Option also entered into an addendum and amending agreement dated September 10, 2018. The Acquisition is subject to customary closing conditions and is expected to close prior to the end of the business day on September 10, 2018. The proceeds of the Acquisition will be placed in escrow and will be paid to the former NewLeaf shareholders as cannabis retail licences are granted to NewLeaf, or, returned to NAC.

NewLeaf has submitted 25 cannabis retail license applications for locations in Alberta, with 20 development permits granted and with five more development permits expected. Currently, 17 NewLeaf retail cannabis locations are under construction in Alberta with a target opening date of October 17, 2018, subject to regulatory approvals. NAC will continue to operate these locations under the NewLeaf brand, keeping regional management teams intact. The Acquisition allows NAC to increase its retail presence and offer a second brand choice for cannabis customers, above and beyond the Meta Cannabis Supply Co. brand and retail footprint planned for ManitobaSaskatchewanAlbertaBritish Columbia and Ontario (pending license approvals).

Click here to read the full press release.

Source: www.newswire.ca

Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States today announced the appointment of Marcum LLP (“Marcum”) as its independent registered public accounting firm, effective July 5, 2021 . Marcum was appointed following the resignation of MNP LLP (“MNP”) as the Company’s independent registered public accounting firm effective July 5, 2021 .

“We would like to thank MNP for their guidance and expertise over the past two years and we look forward to working with Marcum as the Company’s new independent registered public accounting firm,” stated Chief Financial Officer, Alex D’Amico.

Keep reading... Show less

Cannabis-infused beverages are not a new product concept, but this summer Canadian drink makers hope consumers will discover them for the first time.

Recreational cannabis beverages have beguiled Canadian producers through different avenues, and many continue to make investments. The promise of these drinks lies in the potential of a more welcoming option for new consumers who may be out of their depth with rolled-up dried flower.

Keep reading... Show less

In the news release, BioHarvest Sciences Inc.‘s First Cannabis Cell Reservoir Produces Ongoing Flowering Stage Cannabinoid Cells For 2 Years, issued 07-Jul-2021 by BioHarvest Sciences Inc. over PR Newswire, we are advised by the company that an incorrect version of the release was issued inadvertently. The complete, corrected release follows:

BioHarvest Sciences Inc.‘s First Cannabis Cell Reservoir Produces Ongoing Flowering Stage Cannabinoid Cells For 2 Years

Keep reading... Show less

Trulieve is the first medical cannabis operator to start planting in the state

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company based in the United States announced today that it commenced operations in West Virginia . The Company has begun cultivation at their 100,000 square foot size facility in Huntington, West Virginia .

Keep reading... Show less

– The Company demonstrates the efficiency and reliability of its BioFarming technology by reducing production cycle time for Cannabis from 14-23 weeks to 3-4 weeks.

– The Company’s BioFarming technology will allow the Company to harvest 13-17 cycles per year versus 2-4 cycles per year for conventional Cannabis agriculture.

Keep reading... Show less