Acreage Holdings (CSE:ACRG.U,OTCQX:ACRGF) Director of Legal Compliance Gary Kaminsky talked about working with regulators and lawmakers in the US cannabis industry, Acreage’s M&A strategy and the impact the Farm Bill has had on the industry on the CSE’s Hashtag Finance podcast. Acreage is one of the largest vertically-integrated, multi-state owner of cannabis licenses and assets in the US with operations in 19 states.
Kaminsky discussed the risk management infrastructure system that Acreage is developing to help it build an institutional enterprise within the US cannabis industry. An important facet of Acreage’s business model is its M&A strategy. According to Kaminsky, Acreage is “very interested” in having the largest footprint in the US and is focused on bringing in partners that will fit under the company’s umbrella as they build out nationwide cannabis program. He went on to discuss the company’s acquisition of Form Factory, a copacking business in Oregon.
Kaminsky also provided an overview of his background in legal compliance before talking about working with cannabis lawmakers and regulators in the US. He believes that the relationship between cannabis operators and regulators is more collegial due to their partnership in establishing an industry together.
He also talked about the impact the Farm Bill has had on the hemp and CBD market in the US. Kaminsky pointed out that the signing of the Farm Bill did not make hemp legal and it is still considered to be a controlled substance by the FDA and USDA. Acreage Holding is looking to the future and the possible passing of the STATES Act, which will make hemp legal federally and allow the individual states to impose its own regulations for the plant.
To listen to the podcast, click here.
In the evolving rush of mergers and acquisitions (M&A) in the Canadian cannabis market, Canopy Growth (NASDAQ:CGC,TSX:WEED) announced it will acquire The Supreme Cannabis Company (TSX:FIRE,OTCQX:SPRWF) in a deal worth approximately C$435 million.
Meanwhile, a cannabis operator in the US confirmed this week that it will receive a financial boost from a partner to solidify its position in the burgeoning Pennsylvania state market.
The Board of Directors of Aphria Unanimously Recommends Shareholders Vote “For” the Arrangement
Aphria to Host Special Meeting of Shareholders on Wednesday, April 14, 2021 to Approve Proposed Aphria-Tilray Business Combination
Love Hemp Group PLC (AQSE: LIFE) (OTCQB: WRHLF), one of the UK’s leading CBD and Hemp product suppliers, announces that as part of the equity fundraise announced yesterday, Antony Calamita and Andrew Male, Directors of the Company, subscribed for 285,714 Ordinary Shares and 1,428,571 Ordinary Shares respectively. The subscriptions are at a price of 3.5 pence per ordinary share for a total of £60,000. Following these subscriptions, Antony Calamita is now interested in 54,385,714 Ordinary Shares, representing 8.61% of the Company’s share capital as increased by the fundraising, and Andrew Male is now interested in 6,138,196 Ordinary Shares, representing 0.97% of the Company’s issued share capital as increased by the fundraising
Further, the timetable for receipt of applications under the Broker Option, which was also announced yesterday, has been extended until 5:00 pm 9 April 2021 to capture additional interest which was unable to be completed yesterday.
Revive Therapeutics Ltd. (“Revive” or the “Company”) (CSE: RVV, USA: RVVTF), a specialty life sciences company focused on the research and development of therapeutics for medical needs and rare disorders, would like to provide the following dial-in information for the Company’s upcoming Annual and Special Meeting (the “Meeting”) scheduled to be held at 11:00 a.m. Eastern Daylight Time on April 12, 2021. Shareholders and proxyholders may access the Meeting via teleconference by dialing 647-723-3984 or 1-866-365-4406 from Canada or the United States, then entering participation code “8487744” followed by the pound (“#”) sign.
In consideration of the COVID-19 pandemic and the recent restrictions imposed by the Ontario Provincial Government, shareholders and proxyholders will only be able to attend the Meeting via teleconference and will not be permitted to attend the Meeting in person at the address provided on the Notice of Annual and Special Meeting of Shareholders.
Gage Cannabis Announces Exclusive Partnership With Blue River to Bring Award-Winning Cannabis Extracts to Michigan
Gage Growth Corp. (“Gage” or the “Company”) (CSE:GAGE), a leading high-quality craft cannabis brand and operator in Michigan, announced today that it has signed an agreement with Blue River™ Extracts & Terpenes (“Blue River™”) to bring the brand’s award-winning solventless technology and other trademark branded products to the state’s medical patients and cannabis consumers. The Company will have exclusive rights to Blue River™’s premium product offerings in Michigan.