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Canadian cannabis company Aurora Cannabis is selling its entire stake in Alcanna to an underwriting syndicate led by Cormark Securities Inc. Canada-based Alcanna is one of the largest private sector retailers of alcohol in North America and the largest in Canada by number of stores, operating 231...

Multinational cannabis company Clever Leaves International Inc. intends to list on Nasdaq through a merger with Schultze Special Purpose Acquisition Corp. (SAMA, SAMAW, and SAMAU). Schultze Special Purpose Acquisition or SAMA and Clever Leaves said they have signed a letter of intent or LOI to enter...

A group of local marijuana business in Maine have filed a lawsuit against the state for abandoning a residency requirement for adult-use cannabis businesses, according to the Portland Press Herald. The Maine Cannabis Coalition, representing the cannabis businesses in the state, reportedly filed the...

Canada-based cannabis company Hexo Corp. said Monday that it's cannabis manufacturing and processing facility in Belleville, Ontario, has received a Health Canada licence amendment for the sale of dried and fresh cannabis, cannabis extracts, cannabis topicals and edible cannabis products. The company...

Cannabidiol or CBD producer Elixinol LLC said that it has won dismissal of a class action lawsuit that alleged the company's products were illegal to be sold under federal law. The plaintiffs in the class-action suit against Elixinol in the U.S. District Court for the Northern District of California...

Cresco Labs Inc., a multi-state cannabis operator, said it has entered into agreements with Verdant Creations, LLC that will provide it the option to purchase four additional medical marijuana dispensaries in Ohio currently operated by Verdant. Cresco will pay $375,000 in cash and $500,000 of its...

Canadian cannabis company Aphria Inc. said Monday it will transfer its stock exchange listing from the New York Stock Exchange or NYSE to the Nasdaq Global Select Market. The move is effective June 5, 2020, after the markets close. Aphria expects its common stock will begin trading as a Nasdaq-listed...

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