The multi-state, vertically integrated cannabis operator who focus on bettering lives through cannabis announced via news release that the Company is aware of allegations against CEO, Chairman, and Founder Abner Kurtin regarding a domestic-related misdemeanor. The independent members of the Company’s Board of Directors, through its Compensation and Corporate Governance Committee, are conducting an investigation of the matter with the assistance of independent legal counsel, Goodwin Procter, LLP.

Read More: Ascend Wellness CEO Abner Kurtin Arrested For Battery in Miami

In the official statement Ascend Wellness Holdings shared the following:

While the Company cannot comment on an active investigation, it is treating this matter with the utmost seriousness and will continue to evaluate appropriate steps as more information becomes available. The independent members of the Board are keenly attuned to the Company, its shareholders, and employees, and the management team is focused on ensuring AWH continues to operate effectively during this time.

About Ascend Wellness Holdings

Ascend Wellness Holdings is a vertically integrated multistate cannabis operator with licenses and assets in Illinois, Michigan, Ohio, Massachusetts, New Jersey, and Pennsylvania.

Ascend owns and operates state-of-the-art cultivation facilities, growing award-winning strains and producing a curated selection of products for retail and wholesale customers. Ascend Wellness currently produces and distributes in-house Simply Herb, Ozone, and Ozone Reserve branded products.

Ascend Wellness Holdings Stock Price

Ascend Wellness Holdings stock is down -17.05% in the last 5 days at a current price of $2.19 as of the time of publication.

The post Ascend Wellness Holdings Address CEO Abner Kurtin Battery Arrest appeared first on The Dank Investor.

MedMen’s cash deal encompasses most of its Florida-based assets, for example, a license for medical marijuana treatment from the Office of Medical Marijuana Use in Florida, 14 top-notch dispensaries, first shopping locations with convenient parking, and its cultivation and processing facility (“Eustis Facility”) that has 30 000 square feet unhindered canopy space. The Green Sentry team started revamping the Eustis Facility in March 2022; in the next few months, they anticipate launching production for edibles.

Background and Discussions

On Friday, August 26, 2022, Green Sentry will take over management of MedMen locations in Fort Lauderdale (2949 N Federal Hwy), Miami (550 Collins Ave), Orlando (11551 University Blvd), Pensacola (5048 Bayou Blvd), St. Petersburg (326 5th Avenue North), West Palm Beach (539 Clematis Street), and Tallahassee (1126 Thomasville Road) as well as debuting new pricing. Monday through Saturday: 10:00 a.m. to 7:00 p.m., and 10:00 a.m. to 5:00 p.m., on Sunday.

Green Sentry will launch Sunburn Cannabis, a brand based on the true story of Green Sentry’s CEO and Founder Brady Cobb and his father Clyde Walton “Bill,” in addition to continuing expansion into Florida. Sunburn is a brand focused on the state of Florida that lives at the crossroads of top-shelf flowers and concentrates while embracing its unique culture. Green Sentry expects to bring the Sunburn Cannabis brand in the fourth quarter of 2022.

“We are excited to re-enter the Florida market,” said Brady Cobb, CEO and Founder of Green Sentry. “It’s humbling to see my executive and operational teams stay together to close this transaction and launch Sunburn Cannabis. I’m proud to launch Sunburn and share my family’s passion for the plant with people in Florida.” “I am also excited to welcome some key personnel, including our Chairman and old friend Danny Moses, as well as all of the MedMen team members who have joined our family. We’ve shown the market previously that a company based in Florida may produce the finest quality flower and concentrates, so we’re bringing our products to customers via 14 of the state’s top dispensaries.”

“We are thrilled about the growth prospects in Florida and believe in supporting strong organizations,” Poseidon Asset Management’s Managing Partner, Emily Paxhia, said. “The Sunburn team has a veteran presence with an understanding of the market.”

Cultivation Footprint

Bloom’s mission is to minimize the influence of industrial hemp and its byproducts on farm workers and the general public while raising awareness about the health benefits of cannabis. Regarding protecting our environment, KlimaBloom believes there should be no limits. As a result, we partnered with Colorado-based cannabis tech company Bloom Solutions to develop a unique solution for water reclamation in organic farming systems. With pink as an accent colour, this room highlights her energy without being distracting or gaudy. The flowering pot contains white flowers that may best be described as “egregious” before turning blackish throughout the bloom cycle of around three weeks before dying down entirely 30 days after bloom.

Green Sentry has established a cultivation facility in Winter Garden, Florida, which includes 27,000 sq ft of the canopy in a Nexus Hybrid climate-controlled Greenhouse with a full GMP-approved lab for hydrocarbon extraction, solventless extraction and the production of other derivative products. The installation of supplemental HVAC, environmental controls and additional HPS lighting are all planned for renovations at Winter Garden. Green Sentry intends to build an indoor garden and processing facility that covers 75,000 square feet on its property in Palm City. The company expects to be fully operational by Q3 2023.

Palm City property can house more than 600,000 square feet of canopy, which will be critical as Florida licensees look toward a potential adult-use constitutional amendment on the national ballot in 2024.

The post Green Sentry Holdings Completes Acquisition of MedMen Florida License and Assets appeared first on The Dank Investor.

Curaleaf believes the new Plant Precision line fills an area where consumer demand outweighs supply in the form of low dose THC formats geared towards everyday wellness. The company has provided survey data highlighting that nearly 3 out every 4 Americans would consider using cannabis for health and wellness purposes.

Curaleaf Cannabis Consumer Use Survey Data

The company cited a Curaleaf / Harris Poll survey noting 69% of Americans say they would be more likely to use cannabis as a health solution if it came in small, controlled doses.

Based on these findings, Curaleaf as an industry leader recognized the market need and created the new approachable line of cannabis products designed for a new wellness-oriented consumer.

Plant Precision offers gummy edibles with low, customizable doses of THC and high doses of non-psychoactive therapeutic minor cannabinoids like CBD, CBG, CBN and THCV, along with a fast-absorbing THC topical gel.

The survey was conducted online within the United States by The Harris Poll on behalf of Curaleaf from March 8-10, 2022, among 1,953 adults ages 21+, among whom 1,095 have never used cannabis.

The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within + 2.8 percentage points using a 95% confidence level. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact kaplowcuraleaf@kaplow.com.

Full Poll Results can be found: HERE

About Plant Precision Cannabis Products

Plant Precision allows consumers to explore a range of potentially therapeutic destinations with a blend of products that highlight their focus.

Balance Gummies

For waking up, winding down, or offering a moment of calm, the Balance apple-flavored gummies include 2.5mg THC and 10mg CBD. The ideal cannabinoid profile.

Slumber Gummies

The Slumber Gummies are a cherry-flavored cannabis gummy with 2.5mg total THC and 10mg CBN, which is often added to a nighttime regimen to help you fall (and stay) asleep.

Soothe Gummies

For relaxation after travel, lengthy exercises, or long weekends, the Soothe Gummy is a pineapple-flavored cannabis edible with 2.5mg THC and 10mg CBG.

Boost Gummies

The lemon-flavored Boost gummy with 2.5mg THC and 10mg THCV is meant to give you a boost and start your day off on the right foot.

Relieve Topical Gel

A topical gel with 100% THC that targets tension and has a 30-minute to 45-minute onset period.

The Plant Precision Minor Cannabinoid Profile

Plant Precision gummies include minor cannabinoids that are non-psychoactive and do not create the euphoric feeling provided by THC, however they interact with human receptor systems in various ways and produce distinct biological outcomes.

The Plant Precision gummies use liposomal encapsulation, a process that surrounds the cannabinoid molecules with fatty acids, to help guarantee every milligram is utilized. Furthermore, each Plant Precision Gummy line has been designed using compounds from terpenes that work in tandem with THC to offer the entourage effect, which is a phenomenon in which minor cannabinoids interact with THC and produce an individual effect with possible therapeutic advantages.

The Plant Precision Topical Gel was designed with hydro-alcoholic technology to allow for the absorption of cannabinoids through the skin, and it contains 650mg of total THC – more than nearly all other marketed THC topicals with the company noting that topical THC levels are 650mg unless in a state where regulations have maximum THC rules such as Massachusetts.

Curaleaf Plant Precision Launch Plans

Plant Precision items will begin at Curaleaf dispensaries in 5 states now through August. The gummies and gel are available in, with the gel also available in Florida, Nevada and Utah with the full range of gummy availability dependent on the regulatory status of minor cannabinoids (CBD, CBG, CBN, THCV) by state.

The cannabis edibles are now available in gummy form in Arizona and Massachusetts along with the gel also being accessible in Florida, Nevada, and Utah. The full range of gummy availability is determined by the regulatory status of minor cannabinoids (CBD, CBG, CBN, THCV) in each state.

About Curaleaf Holdings

Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) is a multinational company that offers consumer goods in cannabis with the goal of enhancing people’s lives by providing clarity and confidence around cannabis use.

The Company and its brands, including Curaleaf and Select, provide industry-leading service, product variety, and accessibility across the medical and adult-use markets as a high-growth cannabis business recognized for quality, knowledge, and dependability.

In the United States, Curaleaf has 28 locations across 22 states, with 134 dispensaries, 26 cultivation facilities, and over 5,700 team members.

The largest vertically integrated cannabis business in Europe is Curaleaf International, which combines pioneering research and development with cutting-edge cultivation, extraction, and manufacturing.

The firm trades on both the OTCQX market under CURLF and the Canadian Securities Exchange under CURA.

The post Curaleaf Launches New Plant Precision Product Line Expanding Portfolio in Health and Wellness Categories appeared first on The Dank Investor.

Heritage Cannabis who offers innovative products to both the medical and recreational legal cannabis markets in Canada and the United States says that the new program which will be introduced throughout 2022 has been widely embraced by management, employees and stakeholders.

The company which operates under two licensed manufacturing facilities in Canada has an extensive portfolio of high-quality cannabis products under the brands Purefarma, Pura Vida, RAD, Premium 5, feelgood., the CB4 suite of medical products in Canada and ArthroCBD in the United States.

Heritage is committed to being as environmentally sensitive as possible while remaining competitive in the market in both product quality and the pricing to which customers have become accustomed. The company’s first initiative is to convert all packaging for its Pura Vida brand to the most environmentally friendly packaging feasible. At the heart of Pura Vida is simplicity and thankfulness with no negative vibes.

To broaden the sentiment to the environmental footprint, going forward Pura Vida’s packaging will include the use of paper-based, recyclable and/or biodegradable bags and tubes. With a more environmentally sustainable focus, the Pura Vida brand will better reflect its underlying meaning.

Additionally, this summer Heritage will be announcing a partnership with an organization that is focused on people in need. Whether the needs are related to clothing, food, jobs, health, services or accessible cannabis. The partner organization is planning to expand across Canada and be nationally recognized as a resource for the under-served, and Heritage Helps will be there in support of these efforts, connecting with the community.

David Schwede, CEO of Heritage commented on the announcement stating, “We have spent over a year transitioning Heritage to a true brands company, and now with a solid foundation we are in a position to give back both environmentally and through social programs.”

Schwede expanded sharing that as someone who has dealt with financial stress and addictions in his own personal family he has always wanted to be in a position to help. He believes that it does not take much to make a difference and with the Heritage Cannabis committed staff, investment in environmental footprint and community involvement the organization can be truly impactful through the Heritage Helps initiative.

The post Heritage Cannabis Announces New Environmental and Social Responsibility Initiative appeared first on The Dank Investor.

Sweet Leaf’s first mortgage loan for Driven Grow is a sign of coming as they continue providing tailored, non-dilutive capital solutions in the cannabis industry. The company announced that not only has it refinanced existing debt with this transaction but also increased its seniority on mortgages so development can go ahead at their property located within Frederic Township – all thanks to SweetLeaf. 

“We are so excited to have Driven Grow as a partner. Their story is an example of what we strive for in this industry – high quality, craft cannabis that can be profitable,” said Ted Harris from Sweet Leaf Madison. “We’ll always support them and look forward to continuing our relationship with such exceptional business.

“Driven Grow is so happy to have found Sweet Leaf Madison for our growth capital needs,” said David Kramer, CFO of the company. “They were able work with us one-on-one and customize a deal that fit exactly what we needed.”

The new Driven Grow facility is an incredible addition to our community! We are so grateful for all the hard work that went into its construction and can’t wait until it opens in July.

To meet the demand for cannabis, Driven Grow has been expanding their operations. The company currently owns 70 acres of land and is planning on adding 7 acres from rentals nearby too! Construction on this 50k sq ft building project should be complete within two months; it’s not too long before you can visit these newly expanded facilities with us.

About Driven Grown, LLC:

Driven Grow aims to produce top-quality cannabis products for medicinal and recreational use. With over 60 combined years of cultivation experience, they are committed to creating the perfect flower by using only premium materials with their knowledge from decades worth of research into how it should be done best.

​For more information, please visit https://www.drivengrow.com/

Media Contact:

Emma Fuller

Sweet Leaf Madison Capital

efuller@sweetleafmadison.com 

About Sweet Leaf Madison Capital: 

Sweet Leaf Madison Capital provides tailored financing solutions to the cannabis industry. The company offers real estate loans, equipment leasing, and more for entrepreneurs with its offices in Denver, Colorado, New York City, and West Palm Beach, Florida.

For more information, please visit https://sweetleafmadison.com/.

The post Sweet Leaf Madison Capital Provides Funding for Cannabis Company Driven Grow to Accelerate Growth appeared first on The Dank Investor.

Cannabis is one of the hottest industries in the world right now, and it is only getting bigger. Investor relations firms are playing a big role in helping cannabis companies grow and succeed. At The Dank Investor we have profiled and reviewed some of the best popular cannabis investor relations firms in 2022 with highlights found below.

The cannabis industry is unlike any other in terms of its unique challenges and restrictions when it comes to advertising, marketing, and public relations. Despite these constraints, the industry has developed innovative strategies and approaches to effectively reach its target audiences and promote its products and services.

Whether you are working in this dynamic industry or simply interested in learning more about its unique landscape, there is much to explore and discover in the world of cannabis marketing.

There are many different cannabis investor relations firms that are available to help these companies with their growth and development. Some of the top firms in this space include Futurist Society, KCSA, MATTIO, ICR & NisonCo.

One of the biggest challenges for cannabis companies is obtaining funding for their projects. Investor relations firms can help connect these companies with investors to help them get the funding they need. This can include providing access to new investors, and building relationships with existing investors.

Investor relations firms also play an important role in shaping broader public perception of cannabis companies. They help these companies see how they are perceived by their target markets, and make adjustments as needed.

If you are a cannabis company looking for help with your investor relations, there are many firms that can assist you. Be sure to do your research to find the firm that best suits your needs.

The Unique Elements of Cannabis Investor Relations

In order to successfully promote your cannabis business to investors, it is critical to be creative, understand the legal landscape, and develop strong relationships. This requires a strategic approach that utilizes innovative marketing techniques while also staying within the bounds of applicable laws and regulations. Ultimately, success in investor relations for cannabis companies hinges on having the right tools and connections in place.

If you are new to the cannabis industry transitioning into an IR role, you will likely face a steep barrier or entry and level of knowledge that takes time to navigate. Regardless of the size, longevity, or reputation of a firm in this space, it typically takes multiple months to years to gain familiarity with the unique landscape and operations within the cannabis space.

Having an expert cannabis investor relations firm can rapidly help to reduce and even remove that learning curve.

While it may be tempting to immediately go with the most famous or well-known IR firm available, this is often not the best decision when it comes to cannabis brands and companies. More often than not, these brands and companies would receive exponentially more coverage if they went with a specialty firm that specializes in cannabis rather than one that only has a general focus.

This is because firms with a specific focus on the cannabis industry have more expertise and knowledge in this area, allowing them to generate more effective results for their clients. They understand how to create a cannabis investor plan along with many other details needed from launch to market dominance.

So if you’re looking for the best possible coverage for your business, it is advisable to work with a specialized IR firm that focuses on cannabis. Making mistakes wastes not only time but also money and it is important to avoid them in any industry, including cannabis.

Looking for an effective investor relations firm that can help increase your company’s visibility to investors? The Dank Investor has evaluated a number of top firms, all of which are known for their experience, industry connections, and strong compliance expertise. Whether you’re looking for guidance with strategic communications or regulatory issues, these firms can help you achieve your goals.

We meticulously selected the IR firms that come highly recommended to any public cannabis company or brand looking for increased investor awareness within the space. These firms have been vetted and yield proven results for their clients.

When selecting an IR firm, it is important to carefully review and meet with several firms in order to find one that has the right fit. This involves considering factors such as the synergy between your team and theirs, so patience is a virtue when making this decision.

Looking for a cannabis-focused IR firm that can work with you to achieve your business goals? This list can help you find one that is the best suited to your needs.

Whether you are looking for strategic guidance, investor relations support, or marketing expertise, we have compiled a comprehensive list of top firms in this field. So why wait? Start browsing today and find the right partner for your business!

Top Cannabis Investor Relations Firms

Futurist Society

Futurist Society is a cannabis investor relations firm based in the United States. It has quickly grown to become one of the top firms in this space. They offer a wide range of services for cannabis companies, including helping them build relationships with investors and shaping their public perception.

Though the team is new at Futurist Society, they are no strangers to the cannabis market. The partners have worked with multiple brands in the adult-use and medical marijuana markets from California, Washington, Colorado, Illinois and beyond assisting with investor awareness, brand value propositions and increasing the audience. The team were some of the first ever to debut a cannabis sponsorship on major network television as well as UFC Fight Pass along with receiving the first ever sponsorship approval and USADA acceptance for hemp CBD products.

If you are looking for help with your cannabis investor relations, Futurist Society is a great option. To learn more about their services and how they can help your company, visit their website or give them a call today.

Official Website: https://Futurist-Society.com

KCSA

Headquartered on Fifth Avenue in New York City, since 1969 KCSA has been delivering a unique brand of integrated communications comibning passionate, persuasive storytelling with pioneering strategies.

For decades, the firm has been building a reputation as one of New York City’s most entrepreneurial agencies by aligning  objectives with those of both public and private company clients.

Through expert communications counsel atop a deep platform of investor and public relations and digital media skills KCSA aims to inform, inspire, and influence audiences across the globe.

Official Website: https://www.kcsa.com

MATTIO Communicaitons

MATTIO is one of the largest and longest running PR firms in the cannabis industry. The communications agency works to usher in the New Cannabis Age by expanding the dialogue between emerging brands, enthusiasts and the curious alike.

Founded by Rosie Mattio in 2005, MATTIO Communications was the first cannabis PR firm to place cannabis articles in both Vogue and Oprah Magazine!

MATTIO represents many of the industries top brands across virtually all sectors of the cannabis industry. MATTIO clients include Ascend Wellness Holdings, Headset, Canndescent, Jetty Extracts, The Harborside Group, Papa & Barkley, LeafLink, Greenlane, TerrAscend, Trulieve, Curaleaf, Flower by Edie Parker, CV Sciences and many others.

Official Website: https://www.mattio.com

NisonCo

NisonCo is a full-service public relations firm that specializes in the cannabis industry. They have worked with over 125 cannabis companies and have the experience needed to help your business succeed. Whether you need help with product launches, marketing campaigns, or media relations, NisonCo can assist you.

NisonCo’s mission is to promote sustainable social policies and build strong, trusting relationships with the media. With their expertise and knowledge of the industry, they are committed to helping businesses thrive in this rapidly growing sector.

Founded in 2013, NisonCo’s goal is to build lasting relationships with members of the media in order to promote inclusive and sustainable social policies. They believe that ethically leveraging influence can help to advance positive change in communities.

Official Website: https://www.nisonco.com

UCS Advisors

UCS Advisors is a premier independent investor relations advisory firm. The company connects undervalued, emerging companies with independent portfolio managers and accredited individual investors.

UCS Advisors focus is on working with companies to advance their businesses. Providing advice and guidance on all aspects of investor relations, from developing strategy to executing programs. In addition, the team at UCS Advisors has extensive experience working with small to mid-sized companies across a wide range of industries.

UCS Advisors work to develop your company’s pitch deck, design and implement a proper communications program, such as press releases, webinars, and shareholder conference calls, to properly and effectively communicate your message to the public.

Official Website: https://ucsadvisor.com

MZ Group

MZ Group is a global leader in investor relations and corporate communications. They provide innovative, customized services to domestic and multinational private and public companies through a unique, fully-integrated “one-stop-shop” business model. By delivering a comprehensive suite of products and services through one point of contact, MZ offers services to all relevant markets geared to helping their clients build a sustainable public brand. In North America, they have a strong focus on providing top-tier services that help companies achieve their communication goals. Whether it’s through media relations, financial reporting, or shareholder engagement, MZ Group strives to help their clients reach new heights.

MZ Group specializes in helping clients effectively manage investor expectations. They offer a comprehensive platform of services that includes value monitoring, stock surveillance, market intelligence, video applications, media relations, and corporate governance training and tools with a team of experienced professionals  dedicated to delivering seamless support and guidance to help clients.

Official Website: https://www.mzgroup.us

Akrete

Akrete is a leading public relations, content development, and marketing firm with a strong focus on the rapidly growing cannabis industry. With over 7 years of experience working with companies throughout the supply chain, Akrete has become a trusted resource for businesses in this rapidly evolving sector.

Founded in 2011, Akrete works closely with clients to develop effective communication strategies, leverage industry expertise, and build strong relationships with key stakeholders. Whether it’s media relations, financial reporting, or investor engagement, Akrete is committed to helping businesses thrive in the rapidly changing cannabis market.

With a team of experienced professionals dedicated to providing high-quality services tailored to the unique needs and goals of each client, Akrete is poised to continue its role as a leading communications partner for businesses in the cannabis industry.

Official Website: https://akrete.com

5W PR

5W PR is a leading public relations firm with over 7 years of experience working with companies in the rapidly evolving cannabis industry.

With a team of experienced professionals dedicated to providing high-quality services tailored to the unique needs and goals of each client, 5W PR is poised to continue its role as a leading communications partner for businesses in the cannabis industry.

5W PR works closely with clients to develop effective communication strategies, leverage industry expertise, and build strong relationships with key stakeholders. Whether it’s media relations, financial reporting, or investor engagement, 5W PR helps businesses thrive in the rapidly changing cannabis market.

Through strategic communications efforts and a comprehensive suite of services, 5W PR is committed to providing clients with the tools they need to succeed in this rapidly evolving industry.

Official Website: https://www.5wpr.com

2022 Best Cannabis Investor Relations Firm

Cannabis companies need experienced investor relations firms to help change the perception of cannabis and educate the public on the immense benefits it can provide.

For 2022, The Dank Investor has selected Futurist Society as the year’s best cannabis investor relations firm. Futurist Society has a team of cannabis industry veterans that have a deep understanding of the sector. They offer a full suite of services, from investor relations to media relations, and they have a proven track record of success.

We have chosen Futurist Society for our top cannabis investor relations firm award because of their commitment to excellence and their ability to deliver results.

Whether you need help with media outreach, strategic communications planning, or financial reporting, Futurist Society can help your business thrive in the dynamic cannabis industry. So if you’re looking for a partner that will go above and beyond to help you achieve your goals, look no further than Futurist Society.

About The Dank Investor

The Dank Investor is a leading authority on the cannabis industry connecting investors with opportunities in the space, delivering market news and providing insights on the latest trends.

The Dank Investor has quickly become one of the most trusted cannabis news and industry resources. With a team of experienced professionals and a comprehensive platform and audience, The Dank Investor understands what is growing and selling in cannabis.

The post Best Cannabis Investor Relations Firms in 2022 appeared first on The Dank Investor.

Plans include national expansion beyond the Michigan cannabis market to a nationwide presence across all cannabis markets including adult-use, medical marijuana and hemp CBD products.

The aim of the firm is to strengthen their market position and then replicate services across the country.

About Fine Cannabis Goods

Fine Cannabis Goods has a focus on cannabis brands, products and related services along with cannabis real estate lease management agreement. FCGD owns a majority stake in their subsidiary companies aiming to maximize asset value continuing a growth mindset from seed to sale and beyond.

The management team at FCGD includes Shane Jones and Steve Burhoe PhD, both of whom have extensive experience in the cannabis industry.

With a track record of starting and running successful businesses, Shane is dedicated to growing FCGD and its subsidiaries through a variety of strategies. Based in Michigan, he oversees all operations from his headquarters and is committed to achieving continued success for the company.

For the previous 25 years, Steven has been involved in the creation of new companies, including the formulation of all their businesses’ financial plans. He has prepared over a hundred business plans for both US and international firms, including numerous public companies, and is based in Orlando, Florida.

Fine Cannabis Goods National Expansion Plans

Currently, Fine Cannabis Goods has positioned itself as a leader in marijuana products and services throughout the state of Michigan. The new direction for the company under CEO Shane Jones includes a plan to take advantage and become a part of the booming cannabis and hemp CBD industry that is rapidly growing throughout the United States.

Through the usage of licensing and merchandising agreements with retail dispensary partners, FCGD aims to introduce new products to the market on a national scale.

Advantages of Public Companies in the Cannabis Space

Public companies in the cannabis space have several key advantages compared to private companies or startups, including easier access to capital and licensing opportunities, greater visibility and brand awareness, and the ability to scale more quickly.

By partnering with existing dispensaries, manufacturers, cultivators, and other players in the industry, public companies like Fine Cannabis Goods are better able to grow their business and expand into new markets across the US.

Additionally, being a publicly-traded company provides greater visibility and legitimacy, enabling brands to reach a wider audience of consumers. Overall, public companies in the cannabis space have significant growth potential due to the rapid expansion of this dynamic industry.

Fine Cannabis Goods aims to acquire existing licenses and dispensary operations along with real estate-related property for cannabis growing and manufacturing of cannabis products. The goal of Fine Cannabis Goods is to expand into every part of the cannabis market across all 50 states including adult-use cannabis, medical marijuana and hemp CBD.

CEO Shane Jones also noted that additional international regions are being targeted for potential acquisition and partnerships.

The post Fine Cannabis Goods Announce National Expansion Plans Under CEO Shane Jones appeared first on The Dank Investor.

The acquisition will combine Cresco’s best-in-class wholesale and retail operations with an expanded strategic footprint throughout the largest and fastest growing markets in the cannabis industry.

Terms of Agreement

Under the terms of the Arrangement Agreement, shareholders of Columbia Care will receive 0.5579 of a subordinate voting share of Cresco Labs for each Columbia Care common share (or equivalent) held, subject to adjustment. The Consideration represents total enterprise value of approximately US$2.0 billion based on the closing price of Cresco Labs Shares on the CSE as of March 22, 2022.

The Transaction provides Columbia Care Shareholders with premiums per Columbia Care Share of approximately 16% based on the closing prices of the Columbia Care Shares and the Cresco Labs Shares, and (ii) 19%, based on the 20-day VWAP of the Columbia Care Shares and the Cresco Labs Shares, each on the CSE as of March 22, 2022.

After giving effect to the Transaction, Columbia Care Shareholders will hold approximately 35% of the pro forma Cresco Labs Shares.

Benefits of Cresco’s Columbia Care Acquisition

There are multiple key transaction highlights and benefits associated with this latest news. One of the initial benefits is the increased market access now available to Cresco.

Upon acquisition, Cresco Labs will become the largest Multi-State-Operator (“MSO”) by pro-forma revenue at over $1.4 billion. The combined company will have a strategic, national footprint with over 130 retail stores across 18 markets.

This footprint represents the second-largest retail footprint in the industry and the largest retail footprint outside of Florida. The company will cover all 10 of BDSA’s top-10 largest and fastest growing markets by 2025, representing approximately 55% of the U.S. population and over 70% of the addressable cannabis market. This will allow the company to have a strong presence in key markets and continue to grow its customer base.

The companies currently have the number one market share in four states (Illinois, Pennsylvania, Colorado, and Virginia), the number two market share in Massachusetts, and a pathway to being a top-three company in three more states (New York, New Jersey, and Florida) by 2025. This puts the combined company in a very strong position in seven of the top 10 markets by revenue.

The combined company will have a strong presence in today’s most influential markets, as well as those with the strongest potential for growth in adult use. This includes states like New York, New Jersey, Virginia, Pennsylvania, Ohio, Maryland, and Florida. Having a foothold in these key markets gives the company significant exposure to the upside of the adult-use market.

Additionally, the new relationship highlights the companies proven capabilities across the wholesale and retail cannabis markets.

The industry’s leading brand portfolio gives Cresco the number one market share in the United States. The company has a strong presence in every major segment, including #1 branded flower, #1 concentrates, #1 vapes, and Top 5 edibles. This allows them to better serve our customers and meet their needs.

Cresco Labs’ Sunnyside retail stores have an average annualized revenue per store of over $11 million, the highest of any scaled national operator in the industry. This makes their banner one of the most productive in retail.

Cresco’s wholesale platform is the most successful in the industry, with projected Q4 2021 revenue of over $120 million. This makes the company the the go-to choice for businesses looking for high-quality products at competitive prices.

The combined company is expected to achieve annual revenues of more than $100 million in eight states by 2023. This growth will come from expanding into new markets and diversifying the revenue base. This increased scale and diversification will help to make the company more successful and stable.

The company plans to improve its revenue mix by increasing the proportion of retail revenue to 65% of total revenue, up from 47% today. This will increase vertical integration and scale, driving profitability improvement.

The ability to increase retail productivity, reduce redundant operational and capital expenses, and de-lever the organization through the proceeds from the sale of redundant licenses and assets in high-value markets provides opportunity for synergies and de-levering. This means that the company will be able to make more money while reducing its overall debt. This is a positive for the company and its shareholders.

About Cresco Labs Inc.

Cresco Labs is a leading cannabis company with a mission to make the industry more professional and normalize it for consumers. They employ a CPG approach, making them the largest wholesaler of branded cannabis products in the U.S. This means they focus on creating high-quality products that meet the needs and wants of consumers. By doing so, they hope to elevate the cannabis industry as a whole.

Cresco brands are designed to meet the needs of all consumer segments by providing some of the most recognized and trusted national brands. These include Cresco, High Supply, Mindy’s Edibles, Good News, Remedi, Wonder Wellness Co., and FloraCal Farms. Sunnyside is a dispensary brand focused on wellness and created to build trust, education, and convenience for both existing and new cannabis consumers.

Cresco Labs’ Social Equity and Educational Development (SEED) initiative is designed to provide the skills, knowledge and opportunity for all members of society to work and own businesses in the burgeoning cannabis industry. SEED is the largest such program in the country, aimed at ensuring that this new industry reflects the diversity of the communities it will serve. This commitment to social equity will help to create jobs and economic opportunities for all.

About Columbia Care

Columbia Care is one of the largest and most experienced providers of cannabis products and related services in the United States and Europe. The company has licenses in 18 jurisdictions across the two continents. Columbia Care is known for its high-quality products and its commitment to customer service. The company’s products are available in a variety of formats, including oils, tinctures, capsules, and topical solutions. Columbia Care also offers a wide range of services, including education and consultation, product development, and manufacturing.

Columbia Care is one of the largest providers of medical cannabis in the United States. The company operates 131 facilities, including 99 dispensaries and 32 cultivation and manufacturing facilities. Columbia Care also has a presence in the adult-use market, delivering industry-leading products and services.

Columbia Care launched Cannabist in 2021, a new retail brand that offers products spanning flower, edibles, oils and tablets. The company’s proprietary technology platforms create a national dispensary network. Popular brands include Seed & Strain, Triple Seven, gLeaf, Classix, Press, Amber and Platinum Label CBD.

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About Mike Gorenstein

Mike Gorenstein was previously the Chairman, President and Chief Executive Officer of Cronos until he transitioned to the role of Executive Chairman in September 2020. In addition, Mike is a Co-Founder of Gotham Green Partners.

Prior to joining Cronos, Mike served as Vice President and General Counsel at Alphabet Partners, LP, a New York City based investment management firm that specializes in finding mispriced assets across various industries, asset classes, and geographies. Prior to working at Alphabet Partners, LP, he was a corporate attorney at Sullivan & Cromwell LLP where he focused on mergers and acquisitions and capital markets transactions.

Mike has a Juris Doctor from the University of Pennsylvania Law School, a certificate in Business Economics and Public Policy from the Wharton School at University of Pennsylvania and a Bachelor of Science of Business in Finance from the Kelley School of Business at Indiana University.

Mike Gorenstein Duties as New Cronos CEO

Mike Gorenstein’s will initially focus on multiple items as he returns to Cronos including the delivery of margin accretive growth that is focused on adult-use product formats while Cronos continues to drive rare cannabinoid development and commercialization.

Additionally, as CEO Mr. Gorenstein will work to cut costs and focus investments on opportunities with the highest potential ROI, particularly investments that are “borderless” in nature which have the potential to create new incremental revenue streams as markets emerge. A large goal is to continue positioning Cronos as a leader and winner in the United States legal cannabis market.

About Cronos Group

Cronos Group is a forward-thinking global cannabis company that’s dedicated to creating groundbreaking intellectual property and developing innovative products. Their focus on research and technology has the potential to revolutionize the cannabis industry. Their commitment to quality and innovation is evident in everything they do.

Cronos Group is creating a legendary brand portfolio with a commitment to responsibly improving the customer experience. The current portfolio of diverse brands includes Lord Jones, Spinach, Happy Dance, PEACE NATURALS, and PEACE+.

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The new rules that have come into force in Minnesota now allow registered patients of medical marijuana to buy the bud of the cannabis plant, more commonly known as whole flower. On 26^th May 2021, the Governor of Minnesota, Tim Walz, had signed legislation that allowed the sale of cannabis whole flower.

The whole flower was earlier available only through illegal channels, and the new permission for legal sales has made quality products accessible to patients at affordable rates.

Also Read: Khiron Adds One more Medical Cannabis Clinic Zerenia in Peru in partnership with Clínica del Dolor Lima

About Goodness Growth Holdings, Inc.

Goodness Growth is a holding company having wholly-owned subsidiaries, is headed by a physician, and is committed to taking to the world, the medical potential of plants. The company operates mainly through Vireo Health, its wholly-owned subsidiary, and Resurgent Biosciences, its establishment that takes care of aspects like research, analysis, and intellectual property rights.

Goodness Growth produces its branded cannabis products in eco-friendly and high-tech cultivation facilities and distributes the finished products through the dispensary network of Green Goods® and other outside channels.

The company employs over 500 people and is focused on innovation, creation of new products, developing of plant-based medical products, and development of the intellectual property. Goodness Growth has 18 dispensaries in the USA, and has the license to cultivate, manufacture, and distribute marijuana products through eight markets.

About New Line of Cannabis Flower Launch

Dr. Kyle Kingsley, CEO, and Chairman of Goodness Growth, expressed his admiration for Governor Walz, Legislature of Minnesota, and the Office of Medical Cannabis for making it possible to sell whole flower to registered patients in the state.

He said that access to whole flower, besides benefitting the existing patients, would facilitate new patients joining the program, and also ensure the feasibility of the medical cannabis program of Minnesota. With the introduction of whole flower into the market, product diversity would increase, thereby creating a variety of options for the patients.

Also Read: CBD-Derived Drug Manufacturer Tetra Bio-Pharma Announced a Strategic Partnership with Avicanna

To start with, all the company’s eight Green Goods® dispensaries in the state will offer to the buyers, a range of strains as well as products to choose from. Specific strains of cannabis will be on sale at the other registered dispensaries of the company across the state and this would make a whole range of cannabis strains available to all Minnesotans. And the company will introduce more new strains into the market round the year to help the patients.

The response from the cannabis patients of Minnesota to the new regulations has been quite positive. In order to buy cannabis whole flower, patients have to schedule a consultation with a pharmacist, having the required certification, at any one of the registered medical dispensaries.

When patients were given permission to schedule such consultations, on the first day itself, more than 2000 patients sought the appointment. In February, thousands more followed suit and sought consultations.

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