The Financial Post reported that two of Canada’s largest medical marijuana firms, Tweed Marijuana Inc. (TSXV:TWD) and Bedrocan Cannabis (TSXV:BED), have merged to create a dominant domestic producer.

As quoted in the market news:


Tweed Marijuana Inc. and Bedrocan Cannabis Corp. have agreed to merge, the companies said. It is an all-stock acquisition by Tweed that values Bedrocan at about $58 million, or 84 cents a share, compared to its closing price of 66 cents on Tuesday.

It is the first merger to occur in Canada’s medical marijuana space since the sector got off the ground last year, and it is a game-changer. The combined company will be the industry’s undisputed leader, with more than 25 per cent of all the registered patients and production capacity across the country. It will have three production facilities in Ontario, and a total licensed sales capacity roughly 6,000 kilograms of medical pot per year. The combined market cap of the two firms is triple the size of its closest rivals.

Click here to read the full Financial Post report.

World High Life Plc (“World High Life” or the “Company”)(AQSE:LIFE) (OTCQB:WRHLF), is pleased to announce that it has appointed H&P Advisory Limited (“Hannam & Partners”) as financial advisor to the Company with immediate effect

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Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ retail stores, today announced that its executive team will participate in the following conference in March 2021:

Needham 2 nd Annual Virtual Cannabis Conference, March 3, 2021: Management will participate in one-on-one meetings.

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In the cannabis space this week, retailer Fire & Flower Holdings (TSX:FAF,OTCQX:FFLWF) told investors it will be entering the US market through a novel strategic action.

Meanwhile, two longstanding cannabis partners ended their relationship.

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Trulieve to donate $20,000 in scholarship funding and $15,000 to support leadership development

Trulieve Cannabis Corp . (CSE: TRUL) (OTC: TCNNF), a leading and top-performing cannabis company in the United States today announced a new partnership with the Thurgood Marshall College Fund (TMCF), the nation’s largest organization exclusively representing the Black College Community. Trulieve will donate $20,000 to help fund several college scholarships awarded to students who are attending one of the organization’s member-schools as part of Trulieve’s diversity, equity, and inclusion initiatives. The $15,000 in talent funding is earmarked to support TMCF’s internship program, reaching a diverse talent pool of students and alumni from their 47 member-schools to provide immersive experiences at Trulieve.

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The new dispensary expands patient access to Florida’s largest inventory of medical cannabis products

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 the opening of a brand-new Florida dispensary, the Company’s 80th nationwide. The new location marks the Company’s first in Tamarac and third in Broward County expanding patient access to Florida’s largest and broadest assortment of high-quality medical cannabis products.

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