Cannabis Stock News Daily Roundup May 13

Cannabis Stock News Daily Roundup May 13

Charlotte’s Web Holdings (CSE: CWEB) (OTCQX: CWBHF) has priced its underwritten public offering of 7 million common shares at C$20.00 per share for proceeds of approximately C$140 million.

INDIVA Limited (TSX-V: NDVA) granted 810,000 incentive stock options to certain employees and an executive officer. The options have an exercise price of $0.80 per share and will be valid until May 9, 2024, the company said in a statement.

Westleaf (TSX-V: WL)(OTCQB: WSLFF) closed its bought deal financing of 12,000 convertible debenture units, by way of short form prospectus, at a price of $1,000 per unit for proceeds of $12 million. Each unit consisted of one 9.5% senior unsecured convertible debenture having a principal amount of $1,000 and 385 common share purchase warrants of the company.

Curaleaf Holdings (CSE: CURA) (OTCQX: CURLF) announced the launch of hemp-based CBD products for pets called Bido. The CBD drops come in three varieties, bacon, salmon and unflavored “pure,” and Bido soft-baked bites are available in apple chicken, peanut butter bacon, and honey sweet potato.

Abacus Health Products (CSE: ABCS) announced further growth in the distribution and availability of its line of CBDMEDIC products. The company reported new purchase orders from four U.S. retail chains, including Kinney Drugs, SuperValu and Tops Markets. This will increase the availability of CBDMEDIC products to over 1,400 pharmacy and supermarket retail locations throughout the U.S., according to the company.

Neptune Wellness Solutions (NASDAQ: NEPT) (TSX: NEPThas settled claims made by the former chief executive officer against the company in respect of the termination of his employment. Under the agreement entered, Neptune agreed to issue 600,000 common shares and transfer 2,100,000 shares of Acasti Pharma held by the company to the former CEO.

VIVO Cannabis (TSX-V: VIVO) (OTCQB: VVCIF) announced that its Canna Farms Limited subsidiary has completed registration with the Alberta Gaming, Liquor & Cannabis to supply the Province of Alberta with its premium cannabis products. Canna Farms is preparing its first shipments for immediate delivery to the AGLC.

The Global Cannabinoids Research and Development announced that it the first US cannabis company to successfully isolate cannabinol (CBN) from a full spectrum hemp extract. The process to isolate CBN from full spectrum hemp extract produces oil that creates high amounts of CBN and zero THC. CBN is a highly sought after cannabinoid known for its potential health benefits on sleep, stress, and pain.

4Front Holdings has secured a $50 million loan from LI Lending to support the expansion and buildout of the company’s cultivation and production facilities ahead of its anticipated business combination with Cannex Capital Holdings (CSE: CNNX).

Invictus Md Strategies (TSXV: GENE) (OTCQX: IVITF) (FRA: 8IS2announced the appointment of Trevor Dixon as a director and chief operating officer, effective immediately. Mr. Dixon is the founder, president, and chief executive officer of the company’s subsidiary Acreage Pharms.

Cannabis News

Cannabis Producer One World Picks Digipath for Lab Testing

Heliospectra Launches Customizable MITRA Series

Phivida to Acquire Online Cannabis Retailer Wikala