Cannabis Stock News Daily Roundup July 5


Cannabis Stock News

The Cannabis Council of Canada (C3) applauded the Government of Ontario for their decision to expand adult use retail cannabis licenses. With national cannabis supply levels improving, C3 believes that the continued and sustained expansion of Ontario’s retail network will be a key factor in replacing the illicit cannabis market with a legal regulated one.

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Premium cannabis brand Orchid Ventures (CSE: ORCD) (OTC: ORVRFhas entered into an agreement to acquire certain assets of GreenBloom Cannabis Co., a cannabis operator with five retail stores, two cultivation facilities, one distribution entity, and six brands in Oregon and California.

Harvest One Cannabis (TSXV: HVT) (OTCQX: HRVOF) and Delivra Corp. (TSXV: DVA) have completed the plan of arrangement under the provisions of the Business Corporations Act (Ontario). Under the plan, Harvest One acquired all of the issued and outstanding common shares of Delivra.

Grown Rogue International (CSE: GRIN) (OTC: GRUSF) has reported its financial and operating results for its fiscal second quarter ended April 30. The company’s second-quarter revenue rose more than six-fold year-over-year, from $0.3 million to $1.9 million.

Hempure CBD said that it is the only CBD brand selected for the first-ever Built Consumer Product Accelerator. The accelerator program is a 16-week long program that was announced by Built Oregon a few months ago. This will be Oregon’s first not for profit consumer product accelerator – and one of the only consumer-based product accelerators in the nation.

1933 Industries (CSE: TGIF) (OTCQX: TGIFF) has received a permanent occupancy permit for its cultivation facility. This completes the last step of the construction project initiated to expand cannabis cultivation in Las Vegas, Nev.

Westleaf (TSX-V: WL) (OTCQB: WSLFF) announced the completion of construction on its cannabis extraction, processing and product formulation facility, called The Plant by Westleaf Labs. The facility will have a throughput capacity of up to 65,000 kilograms per annum in Phase I. It is now entering the final stages of the Health Canada licensing process.

Canopy Growth Corp. (TSX: WEED) (NYSE: CGC) announced that Bruce Linton has stepped down as co-CEO and the company’s board member. In addition, Linton has also stepped down as chairman and director of Canopy Rivers (TSXV: RIV) (OTC: CNPOF), effective immediately. Mark Zekulin has agreed to become the sole CEO of the company and will work with the board to begin a search to identify a new leader to guide the company in its next phase of growth, which will include both internal and external candidates.

High Tide (CSE: HITI) (OTCQB: HITIF) (Frankfurt: 2LYannounced that the Canna Cabana retail store in Grande Prairie, Alberta, received its first delivery of cannabis products from Alberta Gaming, Liquor and Cannabis and began selling recreational cannabis for adult use.

Fire & Flower Holdings (TSXV: FAFhas received an additional license to operate a cannabis retail store in Lethbridge, Alberta, from the Alberta Gaming, Liquor and Cannabis Comission. This store will be the 22nd Fire & Flower branded cannabis store and will be located at 2424 Fairways Plaza Road South in Lethbridge.

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