Cannabis Stock News Daily Roundup May 7

Cannabis Stock News Daily Roundup May 7

Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) is opening its 14th Florida dispensary in Cape Coral’s South Cape business district on May 10, subject to the state’s Health Department approval. This will be the first medical facility in Cape Coral and Liberty’s second dispensary to open in Lee County.

Cannabis One Holdings (CSE: CBIS) has completed the acquisition of certain assets of Washington-based cannabis-infused products brand Honu Enterprises. Under the terms of the asset purchase agreement, Cannabis One acquired certain assets of Honu, inclusive of all intellectual property and certain equipment, for US$10.28 million in super-voting shares in the capital of Cannabis One.

C21 Investments (CSE: CXXI) (OTC: CXXIF) reported revenue of US$7.7 million for the first quarter ended April 30, 2019, reflecting revenue from the company’s operations in Nevada and Oregon. Gross margin is estimated to be 54% for the quarter, while gross margin has decreased from previously reported figures due to a reclassification of excise taxes which the company now believes to be deductible for tax purposes as cost of goods sold.

Cannvas MedTech (CSE: MTEC) (Frankfurt: 3CM) (OTCPK: CANVFannounced the official launch of its digital cannabis education resource for animals called Cannvas.Pet. Powered by the Cannvas.Me and Cannvas Data platforms, the platform explores health care through cannabis-based products to help treat a pet’s ailments with no pressure to purchase or consume.

Curaleaf Holdings (CSE: CURA) (OTCQX: CURLF) has signed an agreement to acquire Ohio Grown Therapies medical cannabis cultivation and processing licenses and facility in Ohio. The facility received preliminary cultivation and processing licenses from the Ohio Department of Commerce in 2018.

Nass Valley Gateway (CSE: NVG) has signed a letter of intent with CSB Supply BV, a global business-to-business wholesale supplier of CBD products. Under the agreement, CSB will supply and Nass Valley will market and distribute CBD products nationally in the U.S. and Canada under the Nass Valley brand.

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODF) announced that it has finalized a settlement offer with the Hamilton City Council for a cannabis greenhouse. The Local Planning Appeal Tribunal has approved the settlement for the facilities in Ancaster, Ontario, that will be capable of growing 17,500 kgs of premium certified organic cannabis annually.

More Cannabis News

MYM, Partner to Cultivate 1.6 Million CBD-Rich Hemp Seeds This Season

Curaleaf Opens 24th Florida Dispensary in Orange Park

TGOD Opening Second Legal Cannabis Retail Store in Jamaica