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The Week In Cannabis: Colorado Hits $1B In Sales, Harborside In Canada, Kroger Embraces CBD, And More

In Canada, a committee in the House of Commons called for the decriminalization of the possession of small amounts of drugs, while the U.S. House of Representatives rejected an amendment that Rep. Alexandria Ocasio-Cortez (D-NY) had introduced, which sought to make it easier for scientists to study Schedule I controlled substances like psilocybin – found in mushrooms, MDMA and cannabis. The Church of England said its £8.3 billion ($10.5 billion) Church Commissioners for England fund would start investing in cannabis, cannabis CPG company Coda Signature closed a $24.4 million Series A funding round, and Medicine Man Technologies, Inc. (OTC: MDCL) announced the acquisition of Colombian company Green Equity S.A.S. – marking its third deal this month. Read More...

It was a mixed bag in the cannabis-related news world this week.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Colorado announced that since the state legalized adult-use cannabis sales in 2014, $1 billion worth of marijuana were sold, while Oregon’s Congress passed a bill that would allow it to trade cannabis with other consenting states. In Canada, a committee in the House of Commons called for the decriminalization of the possession of small amounts of drugs, while the U.S. House of Representatives rejected an amendment that Rep. Alexandria Ocasio-Cortez (D-NY) had introduced, which sought to make it easier for scientists to study Schedule I controlled substances like psilocybin – found in mushrooms, MDMA and cannabis.” data-reactid=”19″>Colorado announced that since the state legalized adult-use cannabis sales in 2014, $1 billion worth of marijuana were sold, while Oregon’s Congress passed a bill that would allow it to trade cannabis with other consenting states. In Canada, a committee in the House of Commons called for the decriminalization of the possession of small amounts of drugs, while the U.S. House of Representatives rejected an amendment that Rep. Alexandria Ocasio-Cortez (D-NY) had introduced, which sought to make it easier for scientists to study Schedule I controlled substances like psilocybin – found in mushrooms, MDMA and cannabis.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="We saw Harborside, the iconic cannabis brand founded by activist Steve DeAngelo, start trading on the Canadian Securities Exchange&nbsp;and Kroger Co (NYSE: KR) announce it would start selling CBD products in its stores in 17 states. The Church of England said its £8.3 billion ($10.5 billion) Church Commissioners for England fund would start investing in cannabis, cannabis CPG company Coda Signature closed a $24.4 million Series A funding round, and Medicine Man Technologies, Inc. (OTC: MDCL) announced the acquisition of Colombian company Green Equity S.A.S. – marking its third deal this month.” data-reactid=”20″>We saw Harborside, the iconic cannabis brand founded by activist Steve DeAngelo, start trading on the Canadian Securities Exchange and Kroger Co (NYSE: KR) announce it would start selling CBD products in its stores in 17 states. The Church of England said its £8.3 billion ($10.5 billion) Church Commissioners for England fund would start investing in cannabis, cannabis CPG company Coda Signature closed a $24.4 million Series A funding round, and Medicine Man Technologies, Inc. (OTC: MDCL) announced the acquisition of Colombian company Green Equity S.A.S. – marking its third deal this month.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="If you want to get this news recap in your email inbox every week, please subscribe to https://tinyletter.com/javierhasse” data-reactid=”21″>If you want to get this news recap in your email inbox every week, please subscribe to https://tinyletter.com/javierhasse

Commenting on Harborside’s IPO, Debra Borchardt, CEO of Green Market Report, told Benzinga this is “a sign of how far the cannabis industry has come… From his early days as a member of the Yippies, which fought for legalization in the 60’s, to being one of the first dispensary owners in California, Steve DeAngelo has always been on the front lines. It’s exciting to see a cannabis company with real revenue and strong leaders hitting the public markets.”

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Marijuana Stocks &amp; ETFs” data-reactid=”34″>Marijuana Stocks & ETFs

Over the last five trading days:

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• The Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF) (TSE:HMMJ) lost 3.8%.” data-reactid=”36″>• The Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF) (TSE:HMMJ) lost 3.8%.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• The ETFMG Alternative Harvest ETF (NYSE: MJ) tumbled 2.8%.” data-reactid=”37″>• The ETFMG Alternative Harvest ETF (NYSE: MJ) tumbled 2.8%.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• The AdvisorShares Pure Cannabis ETF (NYSE: YOLO) slipped 4.5%.” data-reactid=”38″>• The AdvisorShares Pure Cannabis ETF (NYSE: YOLO) slipped 4.5%.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• The SPDR S&amp;P 500 ETF Trust (NYSE: SPY) closed the period up 0.56%.” data-reactid=”39″>• The SPDR S&P 500 ETF Trust (NYSE: SPY) closed the period up 0.56%.

Here are some of the top marijuana stocks (market cap above $500 million) in U.S. exchanges and how the performed over the last five trading days:

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Acreage Holdings (OTC: ACRZF): up 4.1%” data-reactid=”41″>• Acreage Holdings (OTC: ACRZF): up 4.1%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Aphria Inc (NYSE: APHA): down 6.6%” data-reactid=”42″>• Aphria Inc (NYSE: APHA): down 6.6%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Aurora Cannabis Inc (NYSE: ACB): down 1.05%” data-reactid=”43″>• Aurora Cannabis Inc (NYSE: ACB): down 1.05%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• CannTrust Holdings Inc (NYSE: CTST): down 4.8%” data-reactid=”44″>• CannTrust Holdings Inc (NYSE: CTST): down 4.8%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Canopy Growth Corp (NYSE: CGC): down 2.4%” data-reactid=”45″>• Canopy Growth Corp (NYSE: CGC): down 2.4%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Cronos Group Inc. (NASDAQ: CRON): down 3.1%” data-reactid=”46″>• Cronos Group Inc. (NASDAQ: CRON): down 3.1%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Curaleaf Holdings Inc (OTC: CURLF): down 14.35%” data-reactid=”47″>• Curaleaf Holdings Inc (OTC: CURLF): down 14.35%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Green Growth Brands Inc (OTC: GGBXF): down 4.3%” data-reactid=”48″>• Green Growth Brands Inc (OTC: GGBXF): down 4.3%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Green Organic Dutchman Holdings Ltd (OTC: TGODF): down 10.8%” data-reactid=”49″>• Green Organic Dutchman Holdings Ltd (OTC: TGODF): down 10.8%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Green Thumb Industries Inc (OTC: GTBIF): down 13.8%” data-reactid=”50″>• Green Thumb Industries Inc (OTC: GTBIF): down 13.8%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH): down 0.5%” data-reactid=”51″>• GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH): down 0.5%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Hexo Corp (NYSE: HEXO): down 12.75%” data-reactid=”52″>• Hexo Corp (NYSE: HEXO): down 12.75%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Harvest Health &amp; Recreation Inc (OTC: HRVSF): down 8.1%” data-reactid=”53″>• Harvest Health & Recreation Inc (OTC: HRVSF): down 8.1%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• iAnthus Capital Holdings Inc (OTC: ITHUF): down 20.3%” data-reactid=”54″>• iAnthus Capital Holdings Inc (OTC: ITHUF): down 20.3%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Marimed Inc (OTC: MRMD): down 26.8%” data-reactid=”55″>• Marimed Inc (OTC: MRMD): down 26.8%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• MedMen Enterprises Inc. (OTC: MMNFF): down 8.45%” data-reactid=”56″>• MedMen Enterprises Inc. (OTC: MMNFF): down 8.45%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• OrganiGram Holdings Inc (NASDAQ: OGI): down 13.6%” data-reactid=”57″>• OrganiGram Holdings Inc (NASDAQ: OGI): down 13.6%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Scotts Miracle-Gro Co (NYSE: SMG): up 2.7%” data-reactid=”58″>• Scotts Miracle-Gro Co (NYSE: SMG): up 2.7%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Tilray Inc (NASDAQ: TLRY): up 0.5%” data-reactid=”59″>• Tilray Inc (NASDAQ: TLRY): up 0.5%

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="In Other News” data-reactid=”60″>In Other News

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Bloom Farms and Greenlane Holdings Inc (NASDAQ: GNLN) reached an exclusive CBD distribution agreement that makes Bloom Farms’ premium CBD products available to thousands of smoke and vape shops across the U.S. The line will initially feature three tinctures and a selection of 19 vaporization products.” data-reactid=”65″>Bloom Farms and Greenlane Holdings Inc (NASDAQ: GNLN) reached an exclusive CBD distribution agreement that makes Bloom Farms’ premium CBD products available to thousands of smoke and vape shops across the U.S. The line will initially feature three tinctures and a selection of 19 vaporization products.

“We knew that the distributor we chose would be the face of our brand to thousands of retailers, so we wanted to partner with someone who understands that all CBD isn’t created equal. Greenlane was the natural choice. They know our uncut oil makes a difference, are focused on hand-picked brands, and are true professionals,” Sallyann Nichols, President of Bloom Farms CBD, told Benzinga.

Following Medicine Man Technologies’ Colombia announcement, Andy Williams, co-founder and CEO of Medicine Man Technologies, told Benzinga “this pending acquisition will provide us with the means to begin our strategic international expansion plan. We will have access to international licenses and intellectual property that will further enhance our cultivation, manufacturing, extraction, exportation and research and development.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="mood33, a California of cannabis-infused beverages maker&nbsp;announced a distribution agreement with Caliva. Full story here.” data-reactid=”68″>mood33, a California of cannabis-infused beverages maker announced a distribution agreement with Caliva. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="India Globalization Capital, Inc. (NYSE: IGC) announced its application for the cultivation and harvesting of hemp was approved by Arizona’s Department of Agriculture under the terms of its industrial hemp program.&nbsp;Full story here.” data-reactid=”69″>India Globalization Capital, Inc. (NYSE: IGC) announced its application for the cultivation and harvesting of hemp was approved by Arizona’s Department of Agriculture under the terms of its industrial hemp program. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Harvest Health &amp; Recreation was selected as one of the six finalists in a highly-competitive retail licensing process in Pasadena, an affluent Los Angeles suburb. The win marks the company’s seventh license in California, a key state for Harvest’s growth.” data-reactid=”70″>Harvest Health & Recreation was selected as one of the six finalists in a highly-competitive retail licensing process in Pasadena, an affluent Los Angeles suburb. The win marks the company’s seventh license in California, a key state for Harvest’s growth.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Sparx Cannabis, a family-owned and vertically integrated cannabis lifestyle company announced it has completed a Series A funding round with $10 million. The funds will help drive the company’s growth strategy, which includes expanding its footprint throughout California, the addition of multiple technological advances, the build-out and management of the company’s manufacturing building, and the build-out of a distribution center.” data-reactid=”71″>Sparx Cannabis, a family-owned and vertically integrated cannabis lifestyle company announced it has completed a Series A funding round with $10 million. The funds will help drive the company’s growth strategy, which includes expanding its footprint throughout California, the addition of multiple technological advances, the build-out and management of the company’s manufacturing building, and the build-out of a distribution center.

“The $10 million dollars that were raised by private investors through Sparx Cannabis’ Series A funding round is a monumental step forward for our next-generation mom and pop cannabis company,” said Dr. Jared Helfant, Co-founder and President of Sparx Cannabis. 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Vertically integrated Canadian company Valens GroWorks Corp. (OTC: VGWCF) expanded its multiyear agreement with Tilray. The agreement adds to the volume of extraction services Valens will provide to Tilray and adds an option for Valens to offer contract manufacturing as well, Valens said in a Monday press release.&nbsp;Full story here.” data-reactid=”73″>Vertically integrated Canadian company Valens GroWorks Corp. (OTC: VGWCF) expanded its multiyear agreement with Tilray. The agreement adds to the volume of extraction services Valens will provide to Tilray and adds an option for Valens to offer contract manufacturing as well, Valens said in a Monday press release. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="U.S. cannabis delivery service Eaze announced a partnership with retired Boston Celtics player Paul Pierce. Full story here.” data-reactid=”74″>U.S. cannabis delivery service Eaze announced a partnership with retired Boston Celtics player Paul Pierce. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The School of Medicine at the University of California, Riverside, received a three-year grant of $744,000 from the University of California’s Tobacco-Related Disease Research Program to investigate the impact of cannabis use on metabolic diseases, such as type-2 diabetes. Just what impact short-term and long-term cannabis use has on metabolic health is not entirely clear to scientists.” data-reactid=”75″>The School of Medicine at the University of California, Riverside, received a three-year grant of $744,000 from the University of California’s Tobacco-Related Disease Research Program to investigate the impact of cannabis use on metabolic diseases, such as type-2 diabetes. Just what impact short-term and long-term cannabis use has on metabolic health is not entirely clear to scientists.

Nicholas DiPatrizio, the grant’s principal investigator, will use a mouse model to understand how cannabis affects glucose homeostasis, which is dysregulated in type-2 diabetes. Paradoxically, some people who have used cannabis for several years have shown improvements in some of their metabolic parameters as well as lower body weights when compared to non-users. The DiPatrizio lab will explore this paradox.

“We’re only getting started in answering some important questions related to cannabis and the effect its short-term and long-term use has on metabolic health,” DiPatrizio said. The grant is the first cannabis grant received at UC Riverside.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Integrated cannabis brand Vertical Companies is expanding&nbsp;its reach as a multistate operator&nbsp;with the acquisition of UMBRLA Holding Company and Brands for $462.5 million. Full story here.” data-reactid=”78″>Integrated cannabis brand Vertical Companies is expanding its reach as a multistate operator with the acquisition of UMBRLA Holding Company and Brands for $462.5 million. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="California-based luxury cannabis brand Canndescent said it became California’s first MSO by investing $25.8 million to purchase buildings and operating licenses in three legal U.S. cannabis markets: Massachusetts, Michigan and Nevada. Full story here.” data-reactid=”79″>California-based luxury cannabis brand Canndescent said it became California’s first MSO by investing $25.8 million to purchase buildings and operating licenses in three legal U.S. cannabis markets: Massachusetts, Michigan and Nevada. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Following a special meeting where final votes were tabulated, Origin House announced overwhelming shareholder approval of the Cresco Labs acquisition. This approves the plan previously announced on April 1&nbsp;for Chicago based Cresco Labs to acquire all of the issued and outstanding Origin House Common Shares and Compressed Shares. Regulatory approvals and anti-trust reviews are expected to be complete in the coming months. Origin House (CSE: OH) (OTCQX: ORHOF) is a cannabis products and brands company with a focus on becoming a preeminent global house of cannabis brands.” data-reactid=”80″>Following a special meeting where final votes were tabulated, Origin House announced overwhelming shareholder approval of the Cresco Labs acquisition. This approves the plan previously announced on April 1 for Chicago based Cresco Labs to acquire all of the issued and outstanding Origin House Common Shares and Compressed Shares. Regulatory approvals and anti-trust reviews are expected to be complete in the coming months. Origin House (CSE: OH) (OTCQX: ORHOF) is a cannabis products and brands company with a focus on becoming a preeminent global house of cannabis brands.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Green Organic Dutchman entered into a processing and manufacturing agreement with Neptune Wellness Solutions Inc. (NASDAQ: NEPT). Full story here.” data-reactid=”81″>The Green Organic Dutchman entered into a processing and manufacturing agreement with Neptune Wellness Solutions Inc. (NASDAQ: NEPT). Full story here.

Bank of America’s Christopher Carey reitereated a Buy rating on Hexo following the company’s Q3 results. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Atlantic WeedBoard&nbsp;announced the launch of its brand new website, which helps guide consumers through the maze of information and CBD products that are out there. With a special focus on organically grown "farm to body" products and featuring educational and entertaining videos and interviews with farmers and industry experts,&nbsp;Atlantic WeedBoard provides advice on the health and wellness benefits of CBD and shows consumers how to choose and use the right products for their specific needs.” data-reactid=”83″>Atlantic WeedBoard announced the launch of its brand new website, which helps guide consumers through the maze of information and CBD products that are out there. With a special focus on organically grown “farm to body” products and featuring educational and entertaining videos and interviews with farmers and industry experts, Atlantic WeedBoard provides advice on the health and wellness benefits of CBD and shows consumers how to choose and use the right products for their specific needs.

“With the ubiquitous marketing of CBD-infused everything and so many products flooding the marketplace, consumers find themselves in a quandary about CBD’s source, quality or effectiveness. Our goal is to be accurate and informative, playful and fun; to let people know CBD can be good for their health, wellness and beauty,” said Richard Carey, Atlantic WeedBoard co-founder. “We’re offering six channels of video that set the record straight one story at a time, and a curated selection of CBD products we have used ourselves and can vouch for.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="CV Sciences Inc (OTC: CVSI) announced a CBD supply deal with Kroger. Full story here.” data-reactid=”85″>CV Sciences Inc (OTC: CVSI) announced a CBD supply deal with Kroger. Full story here.

Former hedge fund manager Whitney Tilson joined Benzinga’s PreMarket Prep morning show and discussed the difference between speculating in cryptocurrencies and speculating in cannabis stocks. Tilson said cannabis legalization is a real long-term trend that’s happening around the world, and hot cannabis stocks will make for potentially smart long-term investments. Unfortunately, he said their current valuations make them uninvestable at the moment. Full story here.

Tilray reached an agreement with its largest stockholder Privateer Holdings to extend a lockup period by two years. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Atlas Blockchain Group, a Vancouver-based cryptocurrency mining and technology firm based in Vancouver, closed $10.1 million total financing for a proposed acquisition of Israeli cannabis operation,&nbsp;Isracann Biosciences Inc. As part of the firm’s expansion, Isracann expects to commence trading in Canadian Securities Exchange in 2019 as the first pure-play Israeli-based cannabis company to go public in Canada.” data-reactid=”88″>Atlas Blockchain Group, a Vancouver-based cryptocurrency mining and technology firm based in Vancouver, closed $10.1 million total financing for a proposed acquisition of Israeli cannabis operation, Isracann Biosciences Inc. As part of the firm’s expansion, Isracann expects to commence trading in Canadian Securities Exchange in 2019 as the first pure-play Israeli-based cannabis company to go public in Canada.

“The construction of this facility solidifies our commitment to become the leading low-cost, high-quality cannabis producer in the world,” said Darryl Jones, President and CEO, Isracann. “Israel’s perfect weather conditions allowing multiple growing cycles, and the recently announced regulatory changes granting product export from Israel, will give Isracann the opportunity to build an enterprise aimed at both the domestic and underserved European consumer markets. ”

Global X, one of the largest purveyors of thematic exchange traded funds, is looking to add that lineup with a cannabis ETF. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE) received a new U.S. patent for one of its cannabis-focused treatments. Full story here.” data-reactid=”91″>Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE) received a new U.S. patent for one of its cannabis-focused treatments. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Tikun Olam, the world’s first licensed cannabis company, is launching its first hemp-based product line, Tikun Hemp, in the U.S. This is the first hemp-based product line to bare the company’s name. Full story here.” data-reactid=”92″>Tikun Olam, the world’s first licensed cannabis company, is launching its first hemp-based product line, Tikun Hemp, in the U.S. This is the first hemp-based product line to bare the company’s name. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Cannabis and hemp decontamination technology company Willow Industries closed a $2-million venture funding round. Full story here.” data-reactid=”93″>Cannabis and hemp decontamination technology company Willow Industries closed a $2-million venture funding round. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Jushi Holdings Inc. commenced trading on the NEO exchange.&nbsp;Jushi CEO and Chairman Jim Cacioppo told Benzinga, “Listing on the NEO provides Jushi a solid foundation to build on its current growth trajectory as well as access new shareholders through the capital markets… Our team will remain disciplined on optimal capital allocation and deal structuring to maximize shareholder value.”” data-reactid=”94″>Jushi Holdings Inc. commenced trading on the NEO exchange. Jushi CEO and Chairman Jim Cacioppo told Benzinga, “Listing on the NEO provides Jushi a solid foundation to build on its current growth trajectory as well as access new shareholders through the capital markets… Our team will remain disciplined on optimal capital allocation and deal structuring to maximize shareholder value.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="MINERAL founder, Mills Miller, recently planted&nbsp;the first strain of his own proprietary hemp genetics in Colorado. By the end of this year, MINERAL will have farmed 250 acres of its own hemp genetics, making them one of the few brands cultivating a true seed to store product.” data-reactid=”95″>MINERAL founder, Mills Miller, recently planted the first strain of his own proprietary hemp genetics in Colorado. By the end of this year, MINERAL will have farmed 250 acres of its own hemp genetics, making them one of the few brands cultivating a true seed to store product.

“MINERAL remains insatiable for efficacy. We’re committed to planting the seed before we extract the oil, giving ourselves and, therefore our community, full transparency from seed to extraction,” Miller told Benzinga. “Through our partnership Margot Masinter (the farmer) and Doodle Farms (the farm) we are well on our way to vertical integration, growing hemp to better the people and the earth we all inhabit.” 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Wana continues its U.S. expansion and will partner with Buckeye Relief to bring its consistent and potent edibles to Ohio’s medical marijuana patients. Wana has secured its position as the No. 1 edibles brand in the U.S. (according to BDS Analytics Brand Share Report) through its expansion from its Colorado headquarters into Nevada, Arizona and Oregon, as well as Midwest expansion through Michigan, Illinois and now Ohio. Wana expects to enter California and Canada by end of year, with a focus on East Coast expansion in 2020. &nbsp;” data-reactid=”97″>Wana continues its U.S. expansion and will partner with Buckeye Relief to bring its consistent and potent edibles to Ohio’s medical marijuana patients. Wana has secured its position as the No. 1 edibles brand in the U.S. (according to BDS Analytics Brand Share Report) through its expansion from its Colorado headquarters into Nevada, Arizona and Oregon, as well as Midwest expansion through Michigan, Illinois and now Ohio. Wana expects to enter California and Canada by end of year, with a focus on East Coast expansion in 2020.  

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Parcel by Proper launched in the Bay Area. The company’s team of 120+ curates the best branded product in key legal markets then tests each one. They have completed over 15,000 hours of consumer testing, with 50 data points for testing session logged, and ranking for hundreds of products so you can find trusted products to provide exactly the experience you’re looking for; then have it delivered right to your door.” data-reactid=”98″>Parcel by Proper launched in the Bay Area. The company’s team of 120+ curates the best branded product in key legal markets then tests each one. They have completed over 15,000 hours of consumer testing, with 50 data points for testing session logged, and ranking for hundreds of products so you can find trusted products to provide exactly the experience you’re looking for; then have it delivered right to your door.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Ignite International&nbsp;announced it signed Featherweight Legend Brian Ortega as its newest brand partner. Ortega has quickly risen to the top and is poised as the No. 2-ranked UFC Featherweight.” data-reactid=”99″>Ignite International announced it signed Featherweight Legend Brian Ortega as its newest brand partner. Ortega has quickly risen to the top and is poised as the No. 2-ranked UFC Featherweight.

“I’ve been using CBD as a part of my training for some time,” said Ortega, “I consider Ignite the best brand in the game right now, so of course I jumped at the chance to join the team!” 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Rubicon Organics announced a partnership with Cookies to exclusively license their brand in Washington State. The announcement details a partnership between two leaders in their fields: Cookies, one of the top super-premium brands in California; and Rubicon Organics, one of the top North American super-premium quality cultivators and brand builders.” data-reactid=”101″>Rubicon Organics announced a partnership with Cookies to exclusively license their brand in Washington State. The announcement details a partnership between two leaders in their fields: Cookies, one of the top super-premium brands in California; and Rubicon Organics, one of the top North American super-premium quality cultivators and brand builders.

“This partnership is a significant endorsement of Rubicon Organics’ IP growing techniques as Cookies only aligns with companies who can deliver against a consistent high level of quality. We are proud to provide super-premium organic cannabis to Cookies and the Washington market this fall,” said Jesse McConnell, Founder and Chief Executive Officer. It’s obvious that Rubicon is building a highly esteemed portfolio of brands that when paired with its proprietary cultivation methodologies is well on its way to becoming a pillar in the North American cannabis industry.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Colorado-based Mile High Labs begun production of a water-soluble CBD product that can be used in everything from energy drinks to honey. Water solubility is achieved by dissolving CBD isolate into a natural oil and then emulsifying it into “nanoscopic” droplets. Mile High Labs says the water soluble CBD has little effect on the “color, taste or mouthfeel” of the end product it’s added to.” data-reactid=”103″>Colorado-based Mile High Labs begun production of a water-soluble CBD product that can be used in everything from energy drinks to honey. Water solubility is achieved by dissolving CBD isolate into a natural oil and then emulsifying it into “nanoscopic” droplets. Mile High Labs says the water soluble CBD has little effect on the “color, taste or mouthfeel” of the end product it’s added to.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="CBD Capital Group, an investment and operating company led by seasoned business professionals such as Bulletproof Coffee’s former CMO, launched its operations with its first acquisition of Medix CBD.” data-reactid=”104″>CBD Capital Group, an investment and operating company led by seasoned business professionals such as Bulletproof Coffee’s former CMO, launched its operations with its first acquisition of Medix CBD.

“CBD Capital Group is proud to announce the acquisition of Medix CBD. While the entire CBD industry holds immense potential, Medix CBD shows several strengths that set it apart from other CBD retailers including profitability and the company’s unique SEO model,” said CBD Capital Group Co-Founder and CEO David Metzler. “We are able to provide Medix CBD with capital and our team’s business expertise and look forward to growing alongside the company.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Medical Cannabis Mentor, a doctor-approved e-learning platform for medical professionals, cannabis patients and dispensary personnel launched a new evidence-based course specifically for Canadian healthcare providers. The new course, ‘Cannabis Therapeutics: Canada’ offers dosing protocols, case studies, and five free downloads that providers can share with patients. When taking this course, providers receive a clear-eyed view of the benefits and challenges they’ll face when navigating the new regulations in Canada. Medical Cannabis Mentor was founded by accomplished cannabis physician, Junella Chin, DO, who’s treated over 10,000 patients in California and New York with medical cannabis and cannabis author and Brave New Weed podcast host Joe Dolce.” data-reactid=”106″>Medical Cannabis Mentor, a doctor-approved e-learning platform for medical professionals, cannabis patients and dispensary personnel launched a new evidence-based course specifically for Canadian healthcare providers. The new course, ‘Cannabis Therapeutics: Canada’ offers dosing protocols, case studies, and five free downloads that providers can share with patients. When taking this course, providers receive a clear-eyed view of the benefits and challenges they’ll face when navigating the new regulations in Canada. Medical Cannabis Mentor was founded by accomplished cannabis physician, Junella Chin, DO, who’s treated over 10,000 patients in California and New York with medical cannabis and cannabis author and Brave New Weed podcast host Joe Dolce.

“Education before medication is our mission,” said Dolce. “Our courses enable individuals and providers to make informed treatment decisions.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Medical Marijuana Inc. (OTC: MJNA) reached a major milestone for long-term stability testing on its flagship THC-free cannabidiol (CBD) oil product Real Scientific Hemp Oil-X (RSHO-X). The stability study was conducted in strict compliance with FDA/ICH guidelines (Q1A-R2).&nbsp; &nbsp;” data-reactid=”108″>Medical Marijuana Inc. (OTC: MJNA) reached a major milestone for long-term stability testing on its flagship THC-free cannabidiol (CBD) oil product Real Scientific Hemp Oil-X (RSHO-X). The stability study was conducted in strict compliance with FDA/ICH guidelines (Q1A-R2).   

The results from the study provide evidence that RSHO-X has a shelf-life of at least 12 months in a variety of extreme climate conditions. This helps the company ensure that the integrity of the product will not be compromised while in transportation or while being stored for future use.

“Our company set the standards for many CBD testing protocols in the U.S. and, with this study, intends to continue doing so. Our customers rely on the quality, potency and safety of RSHO-X, which has been tested in two successful pilot clinical studies,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Veritas Farms, Inc. (OTC: VFRM) announced its topical products will be featured nationwide in 945 Kroger Family of Stores.” data-reactid=”111″>Veritas Farms, Inc. (OTC: VFRM) announced its topical products will be featured nationwide in 945 Kroger Family of Stores.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Common Citizen, a Michigan cannabis and lifestyle enterprise, opened its first retail store in Flint, Michigan. CEO &amp; co-founder Michael Elias and President &amp; co-founder Joseph Jarvis announced the opening today alongside Linnette Phillips, Deputy Director, Economic Development at City of Flint and Leigh LaForest, Partnership Development Manager with Flint &amp; Genesee Chamber of Commerce.” data-reactid=”112″>Common Citizen, a Michigan cannabis and lifestyle enterprise, opened its first retail store in Flint, Michigan. CEO & co-founder Michael Elias and President & co-founder Joseph Jarvis announced the opening today alongside Linnette Phillips, Deputy Director, Economic Development at City of Flint and Leigh LaForest, Partnership Development Manager with Flint & Genesee Chamber of Commerce.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Pet Releaf, a CBD and hemp pet product manufacturer, announced a partnership with Generation Pet that brings its products to independent retailers in Connecticut, Rhode Island, Massachusetts, Vermont, New Hampshire and Maine.” data-reactid=”113″>Pet Releaf, a CBD and hemp pet product manufacturer, announced a partnership with Generation Pet that brings its products to independent retailers in Connecticut, Rhode Island, Massachusetts, Vermont, New Hampshire and Maine.

“Pet owners want high-quality, all-natural options to maintain their pets’ health,” said Chelsea Gennings, Co-founder and Vice President of Pet Releaf. “Through our partnership with Generation Pet we are delivering on that demand.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="More From Benzinga Cannabis” data-reactid=”115″>More From Benzinga Cannabis

Here are some of the most interesting cannabis-related stories from this week.

• ‘Cannabis As A Force For Good’: 2 Massive Cannabis Companies And Their Pride Month Initiatives

• How One Cannabis Company Drastically Reduced Plastic Waste By Childproofing Its Vapes

• Be Kind, Please Unwind: Why Would Anyone Buy CBD From A Video Store?

• MediaJel Acquires Potnt Agency, Adds Merida Capital’s Thomas Harrison As Chairman

• How Cannabis Can Help Older Generations Work Longer And Boost Their Well-Being

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Rap Icon Redman Talks Opportunity For People Of Color In The Cannabis Industry ” data-reactid=”122″>• Rap Icon Redman Talks Opportunity For People Of Color In The Cannabis Industry

• Will Testing Potential Employees For Marijuana Become A Thing Of The Past?

• Did Canada Blow Its Chance To Be The World Cannabis Leader?

• Canada To Begin Sale Of Legal Cannabis Edibles In Mid-December

• YouTube’s Account Purges Spark A Cannabis Content Alternative

• Bulls And Bud Of The Week: Halo Labs And 6 Things To Do In Illinois When Cannabis Becomes Legal

• 6 Reasons Why The Cannabis Industry Should Join The Cashless Revolution

• Analyst: Trump Could Push Cannabis Legalization In 2020

• How Cannabis Leaders Can Support Pride Month With A Lifelong Inclusion Mission

• ‘We’re Trying To Be Smart About It’: New Canopy Growth CFO Says Cannabis Company Eyeing Financing Options

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Check out these and many other cannabis stories on Benzinga.com/cannabis” data-reactid=”132″>Check out these and many other cannabis stories on Benzinga.com/cannabis

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Events Calendar” data-reactid=”133″>Events Calendar

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="June 16-18: Martha Stewart will speak at the World Cannabis Congress (WCC) in Saint John, NB, Canada. Stewart is an example of big brands and high-profile personalities that are entering into the cannabis space as outdated stigma gives way to mainstream growth opportunities.” data-reactid=”134″>June 16-18: Martha Stewart will speak at the World Cannabis Congress (WCC) in Saint John, NB, Canada. Stewart is an example of big brands and high-profile personalities that are entering into the cannabis space as outdated stigma gives way to mainstream growth opportunities.

“I look forward to sharing my knowledge and experience in the lifestyle space with this tailored audience,” says Stewart. “As I begin to collaborate on products for the CBD market, and as the demand for these types of product grows, I’m very interested in the conversations and connections at this event.”

Stewart will be joining Riedle and Founder, Chairman and Co-CEO of Canopy Growth Bruce Linton on stage in a fireside chat to close the conference. Leading retail pharmacy chain Shoppers Drug Mart will join the event as the third keynote speaker.

“Shoppers Drug Mart is a mainstream retail titan and yet another proof point as to where this industry is headed,” says Derek Riedle, Publisher of Civilized. “At last year’s World Cannabis Congress, we spent a lot of time discussing where we hoped the industry would go in a post-legalization landscape, and here we are. Less than a year later, we’re working with the world’s top brands to bring cannabis to consumers.” 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="June 18: Blunt Talks, a monthly event series committed to moving the cannabis industry forward with insightful and impactful talks from industry experts, is hosting their biggest event ever in Los Angeles, California. The speakers for the evening are Jackee Stang of Quarter Brands, Mario Guzman aka Mr. Sherbinski of SHERBINKSIS, Bill Levers of Beard Bros Pharms, Ted Lidie of Alien Labs, and Nichole West of Inclusive Cannabis. In addition to knowledgeable speakers, respected brands on site, networking opportunities and a live musical performance by Jeff Welsh, all guests will be treated to non-infused food by Cannabis Catered Events and Ayur Ras Healing Foods.” data-reactid=”138″>June 18: Blunt Talks, a monthly event series committed to moving the cannabis industry forward with insightful and impactful talks from industry experts, is hosting their biggest event ever in Los Angeles, California. The speakers for the evening are Jackee Stang of Quarter Brands, Mario Guzman aka Mr. Sherbinski of SHERBINKSIS, Bill Levers of Beard Bros Pharms, Ted Lidie of Alien Labs, and Nichole West of Inclusive Cannabis. In addition to knowledgeable speakers, respected brands on site, networking opportunities and a live musical performance by Jeff Welsh, all guests will be treated to non-infused food by Cannabis Catered Events and Ayur Ras Healing Foods.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="June 24–26: The&nbsp;Australia Mercosur Leadership Forum&nbsp;will take place at ORT University, Montevideo, Uruguay. Kevin Nafte and Andrea Kruchik, co-founders of YVY and founding members of&nbsp;CECAM, the Chamber of medical cannabis companies in Uruguay, will speak at the event about their experience in Uruguay as a company and a chamber operating in the medical cannabis space and the opportunities that exist between Uruguay, Australia and Mercosur.&nbsp;” data-reactid=”139″>June 24–26: The Australia Mercosur Leadership Forum will take place at ORT University, Montevideo, Uruguay. Kevin Nafte and Andrea Kruchik, co-founders of YVY and founding members of CECAM, the Chamber of medical cannabis companies in Uruguay, will speak at the event about their experience in Uruguay as a company and a chamber operating in the medical cannabis space and the opportunities that exist between Uruguay, Australia and Mercosur. 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="June 25: MjMicro, an investor forum that seeks connects “highly qualified investors with best-in-class and emerging publicly-traded cannabis companies” will debut in New York at the Westin Grand Central.&nbsp;The event will be held four&nbsp;times a year with future events scheduled for Beverly Hills, West Palm Beach&nbsp;and Seattle.” data-reactid=”140″>June 25: MjMicro, an investor forum that seeks connects “highly qualified investors with best-in-class and emerging publicly-traded cannabis companies” will debut in New York at the Westin Grand Central. The event will be held four times a year with future events scheduled for Beverly Hills, West Palm Beach and Seattle.

June 27: entOURage Network will be hosting an ‘Investing in Women’ workshop as part of European Cannabis Week in London, U.K. An all-female list of speakers will bring industry experts to the U.K. cannabis community and highlight the importance of women in the space. The event will cover three tracks: Female Investors, Female Entrepreneurs, Companies focused on the female demographic. There will be CBD canapés served alongside terpene-infused champagne during the networking reception.

entOURage Network is a U.K., and E.U., based organization cultivating a space for women to come together, explore and engage the legal cannabis market. They believe in women supporting women because “we are stronger together.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="July 27: Microscopes &amp; Machines will bring leaders in cannabis medical research and manufacturing technology for a day-long exploration of cannabis and hemp’s life-changing potential. Featuring Jeff Chen of UCLA’s UCLA Cannabis Research Initiative, Ace Shelander PE of Beaker &amp; Wrench, and many more.” data-reactid=”143″>July 27: Microscopes & Machines will bring leaders in cannabis medical research and manufacturing technology for a day-long exploration of cannabis and hemp’s life-changing potential. Featuring Jeff Chen of UCLA’s UCLA Cannabis Research Initiative, Ace Shelander PE of Beaker & Wrench, and many more.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="October 23–24: Marijuana Venture Magazine’s Retail and Dispensary (RAD) Expo, a national trade show focused on the retail cannabis industry, will return to the Oregon Convention Center in Portland, Oregon. The RAD Expo will feature presentations from industry veterans to speak about successful entrepreneurship and topics including merchandising, partnership management, interior store design and retail operations. The 2019 show will focus heavily on CBD products and CBD brands with a presence in health grocery stores, luxury retailers, pet stores and other retail categories that carry hemp-derived products.” data-reactid=”144″>October 23–24: Marijuana Venture Magazine’s Retail and Dispensary (RAD) Expo, a national trade show focused on the retail cannabis industry, will return to the Oregon Convention Center in Portland, Oregon. The RAD Expo will feature presentations from industry veterans to speak about successful entrepreneurship and topics including merchandising, partnership management, interior store design and retail operations. The 2019 show will focus heavily on CBD products and CBD brands with a presence in health grocery stores, luxury retailers, pet stores and other retail categories that carry hemp-derived products.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="November 19–21: The Medcann World Forum 2019 will be held in the Mediterranean Conference Centre which dates back to the 16th Century. where it was originally built as a hospital &nbsp;by the order of St. John. The three&nbsp;days will focus on six&nbsp;main pillars:&nbsp;Medical, Business, Research, Legislation, Regulatory and Fintech. The event will host Malta’s&nbsp;top policymakers, international regulatory experts and global business leaders.” data-reactid=”145″>November 19–21: The Medcann World Forum 2019 will be held in the Mediterranean Conference Centre which dates back to the 16th Century. where it was originally built as a hospital  by the order of St. John. The three days will focus on six main pillars: Medical, Business, Research, Legislation, Regulatory and Fintech. The event will host Malta’s top policymakers, international regulatory experts and global business leaders.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Photo by Javier Hasse.” data-reactid=”146″>Photo by Javier Hasse.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="See more from Benzinga” data-reactid=”147″>See more from Benzinga

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.” data-reactid=”152″>© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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