Cannabis News
Medical cannabis firm Tilray (NASDAQ:TLRY) has entered into an agreement to acquire all of the issued and outstanding securities of Natura Naturals Holdings, the parent company of a licensed cultivator of cannabis. Tilray will pay C$35 million at closing, comprised of C$15 million in cash and C$20 million in Tilray common stock. As part of the deal, Tilray will obtain Natura’s 662,000-sq.-ft. greenhouse cultivation facility and all subsequent cannabis output from the facility.
Valens GroWorks Corp. (CSE: VGW) (OTC:VGWCF), a provider of cannabis products and services, has entered into a multi-year extraction services agreement with privately-held Sundial Growers for cannabis extraction services. Valens will receive and process Sundial’s dried cannabis into bulk resin or other cannabis oil derivative products. The company will also conduct R&D services for Sundial.
Village Farms International (TSX: VFF) (OTCQX: VFFIF) has filed an application to list its common shares on NASDAQ Capital Market under the symbol VFF. Village Farms is one of the largest and longest-operating vertically integrated greenhouse growers in North America and the only-publicly traded greenhouse produce company in Canada. Listing of the company’s common shares on NASDAQ are subject to the approval of NASDAQ and the satisfaction of all applicable listing and regulatory requirements.
Canopy Growth Corp. (TSX: WEED) (NYSE: CGC) has issued an update on its progress in the UK and Poland where the company’s unit Spectrum Cannabis is building a pan-European cannabis production and distribution network. In the United Kingdom, the company has formed Spectrum Biomedical UK to provide patients with severe unmet clinical need access to cannabis-based medicinal products. Meanwhile, Canopy Growth’s Toruń-based team Spectrum Cannabis Polska reported completion of its first import of medical cannabis after a rigorous regulatory approval process.
Liberty Health Sciences (CSE: LHS) (OTCQX: LHSIF) has appointed Ian McKinnon and John Hick to its board of directors. McKinnon will assume the role of chairman of the board. Further, the company announced that Vic Neufeld and John Cervini resigned from the board. Liberty Health is a medical marijuana dispensary in Florida.
Invictus MD Strategies (TSXV: GENE) (OTCQX: IVITF) subsidiary 0989561 B.C. Ltd. (Canandia”) has received a sales license for its Delta location from Health Canada. The Delta Facility includes a cultivation, production and research facility. Canandia represents the company’s third cultivation license and second sales license issued by Health Canada under the Cannabis Act and Cannabis Regulations.
