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U.S. cannabis company Cresco Labs Inc. announced a deal earlier this week to acquire Las Vegas-based seed-to-sale cannabis company Tryke Companies LLC for $282.5 million. The purchase consideration is about $252.2 million for Tryke operating assets and $30 million for the company's real estate assets....

Slang Worldwide Inc. said that Bruce Linton, co-founder of Canadian marijuana company Canopy Growth Corp., has made an investment in the cannabis consumer packaged goods company. Slang noted that Linton's support will be instrumental as the company expands its portfolio of branded products and enters...

canntrust-sept18.jpg Canada-based CannTrust Holdings Inc. said Tuesday that Health Canada has suspended the company's license to produce and sell recreational and medical cannabis in Canada. The suspension of the license is due to CannTrust's previous non-compliance with certain regulatory requirements. Shares of CannTrust tumbled 14 percent in the regular trading session on NYSE following the news.

MCR Labs, a cannabis testing facility in Massachusetts, has agreed to pay a fine of $225,000 for improper disposal of marijuana products, according to reports. The Massachusetts Cannabis Control Commission reportedly approved the settlement with MCR Labs at a meeting last week. As part of the settlement...

InterCure said that its subsidiary Canndoc has entered into a medical marijuana products distribution deal with a subsidiary of Israel-based generic drug maker Teva Pharmaceutical Industries Ltd. InterCure holds a valid license in Israel for the entire medical cannabis value chain through its 100...

cannabisbasedbeer-sept13.jpg California-based brewer Two Roots Brewing Co. said it has agreed to acquire Rochester Mills Production Brewery, a craft beer producer in Michigan. Financial details of the deal were not disclosed. The deal will enable Two Roots to expand its U.S. market presence and also bring cannabis-infused beer...

The U.S. Drug Enforcement Administration or DEA has proposed to increase the amount of marijuana that can be produced legally in the U.S. for research by more than 30 percent, while reducing the amount of five opioids manufactured in the country. The DEA proposes to increase the amount of marijuana...

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