According to a recent Forbes article, Orchid Ventures, Inc. (CSE:ORCD,OTC:ORVRF) has recently announced its intent to acquire GreenBloom Cannabis Co., a vertically-integrated multistate operator, for $29 million in shares and cash. GreenBloom owns five retail stores, two cultivation facilities, one distribution entity and six brands in Oregon and California. GreenBloom founder and CEO George Mattia is expected to join the Orchid Ventures executive leadership team and board of directors once the acquisition is complete.

According to the article, GreenBloom’s holdings are expected to generate up to C$163.7 million over the next 12 months. Orchid Ventures also intends to help GreenBloom build out its cultivation, processing and retail location in California. The facility rests upon 10 acres of land and holds 300,000-square-feet of canopy and 25,000-square-feet of processing capabilities.


Forbes was able to sit down with Orchid Ventures CEO Corey Mangold to gain some insights into the deal. According to Mangold, the deal will solidify supply chains in Oregon and California for both companies. Mangold also hinted that this will be the first acquisition for Orchid Ventures and that there will be more to come.

“We’ve fostered a great relationship with GreenBloom over the past year, visiting their facilities and working closely with their management team, and the alignment of our two organizations will increase revenue and EBITDA. Orchid will now be one step closer to expanding into multiple new states and countries in the near future,” said Mangold.

To view the full article, click here.

Click here to connect with Orchid Ventures Inc. (CSE:ORCD) for an Investor Presentation.

 Matica Enterprises Inc. (CSE: MMJ) (OTCQB: MMJFF) (FSE: 39N) (“Matica” or the “Company”) reports the Company has granted 6,500,000 stock options exercisable at $0.05 for five years from date of grant. These include 4,000,000 options to two officers (who are also directors) and, 2,500,000 to two consultants.

For more information on Matica Enterprises please visit the website at: www.maticaenterprises.com.

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The Company welcomes adult-use customers at its eight dispensaries across the state and will create 120 new jobs in surrounding communities

– Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading U.S. provider of consumer products in cannabis, today announced it will begin serving adult-use consumers across its eight dispensaries in Arizona .

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Harvest Health & Recreation Inc. (“Harvest”) (CSE: HARV, OTCQX: HRVSF), a vertically integrated cannabis company and multi-state operator in the U.S., today announced the launch of recreational cannabis sales in Arizona .

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Jason Mitchell Co-Founder, Director and Chief Executive Officer, HempFusion Wellness Inc. (“HempFusion” or the “Company”) (TSX: CBD.U), and his team joined David Chelich Sector Head, Global Energy and Diversified Industries, TMX Group, to celebrate the Company’s new listing on Toronto Stock Exchange and open the market.

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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, is pleased to announce that it is one of the seventeen companies in the U.S. and Canada that will be included in the First Psychedelics Exchange Traded Fund, which is managed by Horizons ETF Management.

The Horizons Psychedelic Stock Index ETF index is expected to start trading on Tuesday, January 26, under the ticker PSYK on the NEO exchange.

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