Cannabis Stock News Daily Roundup March 25

Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) is planning to expand into Florida, the company announced. Choom subsidiary Choom Holdings USA has signed a letter of intent to acquire a 95% stake in a Florida-based vertically-integrated cannabis applicant.

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Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) has received a cultivation license from Health Canada for its facility in Fredericton, New Brunswick. Canopy expects that the facility will initially produce more than 5,000kg of cannabis annually, with first harvests expected to become available to the market within six months.

SLANG Worldwide (CNSX: SLNG) (Frankfurt: 84S) announced the listing of its common shares on the Frankfurt Stock Exchange under the trading symbol 84S. Further, the company reported retaining Vincic Advisors to provide investor relations and communications services.

AgraFlora Organics International (CSE: AGRA) (Frankfurt: PU31) (OTCPK: PUFXFhas closed a $20 million third and fourth tranche of the $40-million equity participation and earn-in agreement with Delta Organic Cannabis. The company has issued the third tranche of 44,582,040 common shares at $0.45 per share. “The close of the $40 million financing represents another significant milestone met for the company as our 2.2 million square foot greenhouse is officially fully funded,” Derek Ivany, the CEO of AgraFlora, said in a statement.

Cresco Labs (CSE: CL) (OTCQX: CRLBF) has received approval from the Department of Licensing and Regulatory Affairs Medical Marihuana Licensing Board to enter the Michigan market. The company can now move forward with the licensing process for its intended facilities.

VIVO Cannabis (TSX-V: VIVO) (OTCQX: VVCIF) announced that its subsidiary Canna Farms Ltd. has received approval from Health Canada to begin cultivation in the expansion of its Yale Road facility in Hope, BC.

Flower One Holdings (CSE: FONE) (OTCQB: FLOOF) has filed a final prospectus in connection with its public offering of 50,000 convertible debenture units at a price of $1,000 per debenture unit. The offering size is C$50 million.

Inner Spirit Holdings Ltd. (CSE: ISH) has partnered with Daniel Telio, one of the initial 25 retail cannabis lottery winners in Ontario as selected by the Alcohol and Gaming Commission of Ontario through a brand licensing arrangement. The company said that it has received an operating license for a retail cannabis store in Kingston, Ontario.

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