The Week In Cannabis: Gillibrand’s Legalization Plan, Analyst Ratings, South Africa’s CBD Store, And Some Legal News

The Integral Associates acquisition by GTI includes Essence retail stores as well as the Cannabiotix and Desert Grown Farms cultivation facilities in Nevada. The transaction was valued at approximately $290 million, which included $52 million in cash and the issuance of approximately 20.8 million Subordinate Voting Shares of GTI.

 “I’m honored to join GTI’s leadership team which places a strong emphasis on people, brands and delivering superior service. We are also incredibly honored to have the opportunity to serve the people of Pasadena,” Armen Yemenidjian, GTI president and founder of Integral Associates, told Benzinga.

“Our priority is to offer the very best cannabis products and customer service and to fulfill our promise as a trusted community partner. We look forward to opening the store and becoming an active member of the Pasadena community.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Organic and natural beverages company New Age Beverages Corp (NASDAQ: NBEV) reached an agreement to acquire Brands Within Reach, a New York-based healthy products company, for an undisclosed price. Full story here.” data-reactid=”61″>Organic and natural beverages company New Age Beverages Corp (NASDAQ: NBEV) reached an agreement to acquire Brands Within Reach, a New York-based healthy products company, for an undisclosed price. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="MJ Freeway announced it has retained Cowen&nbsp;as a strategic and financial advisor pending the consummation of its&nbsp;proposed business combination with MTech.” data-reactid=”62″>MJ Freeway announced it has retained Cowen as a strategic and financial advisor pending the consummation of its proposed business combination with MTech.

Following the closing of the business combination, Cowen’s information and technology services investment banking team will assist with MJ Freeway’s strategy of pursuing strategic, accretive acquisition opportunities.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The cannabis industry represents a "beautiful opportunity" that even global securities services company Brink’s Company (NYSE: BCO) wants a bigger share of the market, CEO Douglas Pertz told CNBC’s Jim Cramer on&nbsp;"Mad Money.". Full story here.” data-reactid=”64″>The cannabis industry represents a “beautiful opportunity” that even global securities services company Brink’s Company (NYSE: BCO) wants a bigger share of the market, CEO Douglas Pertz told CNBC’s Jim Cramer on “Mad Money.”. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="MedMen announced an agreement to buy MattnJeremy Inc, LLC, also known as One Love Beach Club from&nbsp;the Abrams family for $13 million. Full story here.” data-reactid=”65″>MedMen announced an agreement to buy MattnJeremy Inc, LLC, also known as One Love Beach Club from the Abrams family for $13 million. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="High-profile cannabis industry investors and entrepreneurs Alain Bankier and Tahira Rehmatullah have joined the leadership team of Ceylon Solutions, a Colorado-based software development company that creates custom digital products for the cannabis industry.” data-reactid=”66″>High-profile cannabis industry investors and entrepreneurs Alain Bankier and Tahira Rehmatullah have joined the leadership team of Ceylon Solutions, a Colorado-based software development company that creates custom digital products for the cannabis industry.

Bankier has a long history as an active early stage investor in cannabis and technology companies. Rehmatullah, who also serves in senior roles for Hyper Ventures and MTech Acquisition Corp, was named one of the most powerful women in the cannabis industry by Fortune magazine and Complex.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The demand for cannabis products in the United States rose by 2.1 percent month-over-month in March, according to Anderson Economic Group's AndCan Index. U.S. legal cannabis product demand&nbsp;grew 19 percent over the same period last year, AEG said.&nbsp;Full story here.” data-reactid=”68″>The demand for cannabis products in the United States rose by 2.1 percent month-over-month in March, according to Anderson Economic Group’s AndCan Index. U.S. legal cannabis product demand grew 19 percent over the same period last year, AEG said. 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 will begin selling some of their bestselling CBD product lines through a network of 10,000 convenience stores and gas stations across the country. The rollout will include Colors, CBx essentials and other Harvest-branded products.” data-reactid=”69″>Harvest Health & Recreation will begin selling some of their bestselling CBD product lines through a network of 10,000 convenience stores and gas stations across the country. The rollout will include Colors, CBx essentials and other Harvest-branded products.

The retail channel is expected to generate just under half — $8 to $10 billion — of a $22-billion CBD market by 2022. 

The company also announced the opening of three new stores in the competitive and lucrative Florida market; the Jacksonville, North Port and Longwood dispensaries add to the operator’s footprint in state. They have two additional stores open in Orlando and Tallahassee; Florida’s license allows the building of up to 35 locations.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Private equity firm Cresco Capital Partners announced that it closed&nbsp;a $60-million oversubscribed cannabis fund, the CCP Fund II. Full story here.” data-reactid=”72″>Private equity firm Cresco Capital Partners announced that it closed a $60-million oversubscribed cannabis fund, the CCP Fund II. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Cannabiniers announced BASKIN Essentials, its personal care cannabis brand, under license from Ovation Science Inc. (OTC: OVATF), has signed an exclusive distribution and sales agreement with Flourish, the makers of chef-driven cannabis edibles, in an expansion to Arizona.&nbsp;” data-reactid=”73″>Cannabiniers announced BASKIN Essentials, its personal care cannabis brand, under license from Ovation Science Inc. (OTC: OVATF), has signed an exclusive distribution and sales agreement with Flourish, the makers of chef-driven cannabis edibles, in an expansion to Arizona. 

“We’re excited to launch BASKIN in Arizona,” said Cannabiniers CEO Michael Hayford.

“The cannabis wellness industry is still new, so we understand the importance of providing consumers with high-quality products that they can trust. Flourish holds the same values, making them the perfect local cannabis company for us to work alongside in Arizona.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Canadian&nbsp;cannabis and hemp company Canopy Growth is reportedly looking to open hemp facilities across seven U.S. states within the next year. Full story here.” data-reactid=”76″>Canadian cannabis and hemp company Canopy Growth is reportedly looking to open hemp facilities across seven U.S. states within the next year. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Azuca, an edibles brand founded by New York City-based chef Ron Silver, announced it is opening production and manufacturing facilities in Colorado Springs and Golden, Colorado. The westward expansion will streamline Azuca’s production processes for both its B2C and B2B efforts, the company said,&nbsp;and better position it to expand its Azuca Inside initiative.” data-reactid=”77″>Azuca, an edibles brand founded by New York City-based chef Ron Silver, announced it is opening production and manufacturing facilities in Colorado Springs and Golden, Colorado. The westward expansion will streamline Azuca’s production processes for both its B2C and B2B efforts, the company said, and better position it to expand its Azuca Inside initiative.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Green Growth Brands will enter the medical marijuana market in Florida through the acquisition of Spring Oaks Greenhouses. Full story here.” data-reactid=”78″>Green Growth Brands will enter the medical marijuana market in Florida through the acquisition of Spring Oaks Greenhouses. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="NanoVibronix (NASDAQ: NAOV) announced it’s developing CBD patches and cream utilizing a proprietary and nanoparticle-based infusion process. Full story here.” data-reactid=”79″>NanoVibronix (NASDAQ: NAOV) announced it’s developing CBD patches and cream utilizing a proprietary and nanoparticle-based infusion process. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Medicine Man Technologies, Inc. (OTC: MDCL) announced it will acquire Colorado-based&nbsp;cannabis farm&nbsp;Los Sueños Farms, LLC&nbsp;and the cannabis dispensary Mesa Organics Ltd.” data-reactid=”80″>Medicine Man Technologies, Inc. (OTC: MDCL) announced it will acquire Colorado-based cannabis farm Los Sueños Farms, LLC and the cannabis dispensary Mesa Organics Ltd.

“The pending acquisitions of Los Sueños and Purplebee’s announced this week via binding term sheets will not only solidify Medicine Man Technologies as one of the leaders in the cannabis space, but play an integral role in the company’s mission to develop and expand further in Colorado, a state well-known for paving the way for legalized cannabis,” Medicine Man co-founder and CEO Andy Williams told Benzinga. 

Last week, Colorado Gov. Jared Polis signed HB19-1090, a law that “opened the doors to Colorado’s $1.5-billion cannabis industry and enabled more investments,” the CEO said. 

The acquisitions come on the heels of the legislative development, Williams said. 

“These advances, in addition to the pending MedPharm Holdings and Medicine Man acquisitions, as well as the closing on the first phase of an initial $14-million strategic investment from Dye Capital, make Medicine Man Technologies one of the largest cannabis cultivators in North America with the extraction capability to process the entire production.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Origin House (OTC: ORHOF) announced that a significant percentage of over 99 percent of shareholder votes cast as of June 5&nbsp;were in favor of approving a deal for&nbsp;Cresco Labs&nbsp;to acquire all shares of Origin House. June 7 was the deadline for shareholders to submit their votes.” data-reactid=”85″>Origin House (OTC: ORHOF) announced that a significant percentage of over 99 percent of shareholder votes cast as of June 5 were in favor of approving a deal for Cresco Labs to acquire all shares of Origin House. June 7 was the deadline for shareholders to submit their votes.

The final tally has yet to be announced, but results were trending heavily in favor of shareholder approval: 99.54 percent of votes cast in favor of the deal, representing 42.8 percent of all eligible votes counted through June 5.

A special shareholder meeting is scheduled for Tuesday, June 11 to discuss the Cresco Labs-Origin House arrangement.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="PharmaCielo Ltd. (OTC: PHCEF) announced it entered into an implementation agreement with Creso Pharma Ltd. (OTC: COPHF) to acquire all of Creso’s issued and outstanding shares and listed options.” data-reactid=”88″>PharmaCielo Ltd. (OTC: PHCEF) announced it entered into an implementation agreement with Creso Pharma Ltd. (OTC: COPHF) to acquire all of Creso’s issued and outstanding shares and listed options.

The deal is for approximately A$122 million (about $85.2 million). PharmaCielo will pay 63 cents for each Creso share. Both PharmaCielo and Creso’s board of directors have unanimously approved the deal. Full story here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Nabis Holdings, a Canadian investment issuer that invests in high-quality cash flowing assets across multiple industries including the U.S. and international cannabis sector, announced it entered into an agreement to purchase 49 percent of Cannova Medical, with options to purchase the remaining stock later.” data-reactid=”90″>Nabis Holdings, a Canadian investment issuer that invests in high-quality cash flowing assets across multiple industries including the U.S. and international cannabis sector, announced it entered into an agreement to purchase 49 percent of Cannova Medical, with options to purchase the remaining stock later.

 “Cannova has proven to be an innovator in the cannabis consumption space. Their line of sublingual strips are an innovative solution that consumers are looking for, especially as cannabis continues to go mainstream and people search for easy and discreet ways to consume,” said Shay Shnet, CEO and director of Nabis.

“We look forward to continuing to expand in the United States, but we can’t ignore companies from other areas of the world, such as Israel, where Cannova is based. Their unique biotechnology is going to elevate Nabis’ position as a leader in the cannabis space, and we look forward to teaming up with them.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Cannabis brand&nbsp;Heavy Grass&nbsp;signed an exclusive licensing deal with Miramar Brands Group, Inc. to brand and expand its lifestyle products into a global retail strategy.&nbsp;The brand partnership will design and launch new products targeting&nbsp;the alternative cannabis culture. The collaborators have plans for a wide variety of branded product offerings including apparel, cosmetics and&nbsp;household goods including audio, food and beverages.&nbsp;” data-reactid=”93″>Cannabis brand Heavy Grass signed an exclusive licensing deal with Miramar Brands Group, Inc. to brand and expand its lifestyle products into a global retail strategy. The brand partnership will design and launch new products targeting the alternative cannabis culture. The collaborators have plans for a wide variety of branded product offerings including apparel, cosmetics and household goods including audio, food and beverages. 

“Heavy Grass is a lifestyle brand that goes way beyond just what you can buy in a dispensary. As cannabis goes mainstream, you’ll see our products being integrated into all aspects of life that will serve our core demographic,” said Clay Busch, the company’s vice president. 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Hugs Wellness,&nbsp;a new CBD brand, has partnered with the&nbsp;nonprofit organization&nbsp;10,000 Beds&nbsp;to donate a percentage of every sale to help 10,000 Beds provide individuals admission into treatment programs for long-term recovery, continuing its mission to promote care and self-love. “We see it as a privilege and an opportunity to give back and help those who need it. Hugs is a mission-driven brand born from our founders’ own experiences, and we cannot stress enough the importance of helping others," Hugs founder Josey Orr told Benzinga.&nbsp;” data-reactid=”95″>Hugs Wellness, a new CBD brand, has partnered with the nonprofit organization 10,000 Beds to donate a percentage of every sale to help 10,000 Beds provide individuals admission into treatment programs for long-term recovery, continuing its mission to promote care and self-love. “We see it as a privilege and an opportunity to give back and help those who need it. Hugs is a mission-driven brand born from our founders’ own experiences, and we cannot stress enough the importance of helping others,” Hugs founder Josey Orr told Benzinga. 

Jean Krisle, the founder of 10,000 Beds, said the organization recognizes that everyone’s path to recovery is different. 

“There is no right or wrong path to a life free of substance disorder and alcohol dependency. We are excited to partner with HugsCBD to support efforts to provide another option for the treatment of opioid addiction, specifically in the detox stage of treatment and through the reduction of cravings; an option that will save lives and increase an individual’s likelihood of completing treatment and developing the skills necessary for long-term recovery.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="CLS Holdings announced their operational and financial results for the month of May, showing revenue of over $1 million and a 6-percent increase in gross margin since last year. The&nbsp;Las Vegas dispensary Oasis achieved a record of servicing over 16,000 customers and posted a year-over-year revenue increase&nbsp;of 55 percent, the company said.&nbsp;” data-reactid=”98″>CLS Holdings announced their operational and financial results for the month of May, showing revenue of over $1 million and a 6-percent increase in gross margin since last year. The Las Vegas dispensary Oasis achieved a record of servicing over 16,000 customers and posted a year-over-year revenue increase of 55 percent, the company said. 

“We have created the foundation with our Nevada operations to utilize what we have learned across multiple states. The results we are experiencing in Nevada are a tribute to the hard working and dedicated team of people who work for this company. Our goal is to continue building revenue, expanding margin and exploiting our rapidly growing wholesale brand, City Trees,” Andrew Glashow, CLS’ president and COO, told Benzinga. 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Seedo Corp. (OTC: SEDO), an agtech company serving the hemp and agriculture industries with what they claim is the world’s first fully automated and controlled indoor growing machine, entered into a strategic partnership with the retail innovation firm&nbsp;OutForm.” data-reactid=”100″>Seedo Corp. (OTC: SEDO), an agtech company serving the hemp and agriculture industries with what they claim is the world’s first fully automated and controlled indoor growing machine, entered into a strategic partnership with the retail innovation firm OutForm.

As part of the partnership, OutForm will assist in the development of Seedo’s retail branding strategy in the U.S. and the optimization of its U.S. distribution channels and supply chain.

 “We are entering a new era of home growing where demand for complete automated grow systems will only continue to increase,” said Seedo CEO Zohar Levy. “The U.S. is poised to embrace this new world of agritech, and we’re thrilled to partner with OutForm to increase Seedo’s exposure and introduce our automated home grow device to mainstream retailers and consumers as we expand our extensive community of customers.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Strategic retail branding and distribution partners are both critical components to establishing a company’s market presence. By leveraging its preexisting relationships with the largest U.S. retailers — including Best Buy Co Inc (NYSE: BBY)&nbsp;Bed Bath &amp; Beyond Inc (NASDAQ: BBBY), The Home Depot Inc (NYSE: HD) and many more —&nbsp;OutForm will introduce Seedo’s home grow system to consumers across the country through an innovative approach focused on strategic branding.” data-reactid=”103″>Strategic retail branding and distribution partners are both critical components to establishing a company’s market presence. By leveraging its preexisting relationships with the largest U.S. retailers — including Best Buy Co Inc (NYSE: BBY) Bed Bath & Beyond Inc (NASDAQ: BBBY), The Home Depot Inc (NYSE: HD) and many more — OutForm will introduce Seedo’s home grow system to consumers across the country through an innovative approach focused on strategic branding.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Planet 13 Holdings Inc (OTC: PLNHF), the world’s largest dispensary and entertainment superstore in Las Vegas, announced the expansion to its second SuperStore location in the Los Angeles&nbsp;market in Santa Ana.” data-reactid=”104″>Planet 13 Holdings Inc (OTC: PLNHF), the world’s largest dispensary and entertainment superstore in Las Vegas, announced the expansion to its second SuperStore location in the Los Angeles market in Santa Ana.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Cardiol Therapeutics Inc. (OTC: CRTPF) said their&nbsp;pharmaceutical partner and&nbsp;CBD&nbsp;manufacturer&nbsp;Noramco, Inc. was selected to present at the&nbsp;Food and Drug Administration’s Scientific Data and Information about Products Containing Cannabis or Cannabis-Derived Compounds,&nbsp;Part 15 Public Hearing.&nbsp;” data-reactid=”105″>Cardiol Therapeutics Inc. (OTC: CRTPF) said their pharmaceutical partner and CBD manufacturer Noramco, Inc. was selected to present at the Food and Drug Administration’s Scientific Data and Information about Products Containing Cannabis or Cannabis-Derived Compounds, Part 15 Public Hearing. 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Plus Products Inc. (OTC: PLPRF) released its unaudited 2019 first-quarter financials. Highlights include&nbsp;a $3.2-million revenue climb and gross margin growth of 21 percent in the first quarter&nbsp;2019, compared to 8 percent one year ago.&nbsp;” data-reactid=”106″>Plus Products Inc. (OTC: PLPRF) released its unaudited 2019 first-quarter financials. Highlights include a $3.2-million revenue climb and gross margin growth of 21 percent in the first quarter 2019, compared to 8 percent one year ago. 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Halo Labs Inc. (OTC: AGEEF) announced its partnership with&nbsp;High Tide Inc. to introduce Halo-produced products through High Tide’s extensive distribution network throughout Canada, the United States and Europe.” data-reactid=”107″>Halo Labs Inc. (OTC: AGEEF) announced its partnership with High Tide Inc. to introduce Halo-produced products through High Tide’s extensive distribution network throughout Canada, the United States and Europe.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="MOXIE’s Piña Colada DART Pod was named best THC Vape Cartridge at the 2019 SoCal High Times Cannabis Cup with the support of CCELL’s DART proprietary pod system.” data-reactid=”108″>MOXIE’s Piña Colada DART Pod was named best THC Vape Cartridge at the 2019 SoCal High Times Cannabis Cup with the support of CCELL’s DART proprietary pod system.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="VEGAMOUR launched what they said is the first-ever full line of CBD products for natural hair growth. The line, formulated with full spectrum, micro-encapsulated CBD, includes a hair growth serum, eyelash growth serum, eyebrow serum, hair growth gummies with biotin&nbsp;and hair adaptogen supplements.” data-reactid=”109″>VEGAMOUR launched what they said is the first-ever full line of CBD products for natural hair growth. The line, formulated with full spectrum, micro-encapsulated CBD, includes a hair growth serum, eyelash growth serum, eyebrow serum, hair growth gummies with biotin and hair adaptogen supplements.

“At VEGAMOUR, our manufacturing process is unique in that we decrease the CBD molecule size by over 1,000 percent in order for the CBD particles to effectively deliver its benefits by penetrating into the upper layer of the dermis and into the hair follicle root,” said Dan Hodgdon, CEO of VEGAMOUR.

Asia is a largely untapped CBD market, an d the CBD market in China is estimated to potentially be worth up to $15 billion.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Through the acquisition of Yooya, a content-driven e-commerce platform that reshapes the way that brands connect with Chinese consumers, Regent Pacific will expand Yooga to be the first e-commerce marketing platform to focus on CBD-infused products. &nbsp;” data-reactid=”112″>Through the acquisition of Yooya, a content-driven e-commerce platform that reshapes the way that brands connect with Chinese consumers, Regent Pacific will expand Yooga to be the first e-commerce marketing platform to focus on CBD-infused products.  

Jamie Gibson, CEO of Regent Pacific, is projecting the rollout of a CBD business in Asia with a line of exceptional consumer-focused products initially in the health and wellness area, including topicals and balms, and working with the world’s largest CBD manufacturers to build out the CBD brands over time.

The acquisition attracted an experienced group of strategic investors including principals of JJR Capital and Abony Enterprises in CBD.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Leafbuyer Technologies, Inc. (OTC: LBUY) announced a non-binding letter of intent to acquire a majority stake in the Las Vegas-based trade show operation CBD.io.” data-reactid=”115″>Leafbuyer Technologies, Inc. (OTC: LBUY) announced a non-binding letter of intent to acquire a majority stake in the Las Vegas-based trade show operation CBD.io.

The company operates a large expo in the CBD and vape industries. The acquisition would double Leafbuyer’s current revenue run rate.

The agreement additionally includes an ownership stake in an e-commerce website for wholesale and retail CBD products.

“CBD has become a pop culture phenomenon, and trade shows are a lucrative and unsaturated sector of the industry,” said Leafbuyer CEO Kurt Rossner.

“CBD.io is a profitable company and has a proven financial model that will increase Leafbuyer’s top line and be a powerful driver for earnings. The significant advantage of this acquisition is the ability for Leafbuyer to drive tremendous brand exposure to another fast-growing segment of the industry. Last year, CBD.io sold nearly 200 booths; this year we will cross-sell our platform of over 400 clients and look to double that. We will be uniquely positioned to offer a true 360 solution to customers. Our product clients can access millions of consumers through digital and in-person methods to spread brand awareness and increase profits.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Rob Rodney Bags just hit the consumer cannabis accessories market with a line of customizable bags. As the CBD and cannabis market continues to grow and become more accessible, there is a need for a safe way to store cannabis products, said designer and dad Mark Frahm.&nbsp;” data-reactid=”120″>Rob Rodney Bags just hit the consumer cannabis accessories market with a line of customizable bags. As the CBD and cannabis market continues to grow and become more accessible, there is a need for a safe way to store cannabis products, said designer and dad Mark Frahm. 

Analyst Ratings

Some of the top analyst ratings over the week include: 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Canaccord Genuity on Planet 13 Holdings Inc (OTC: PLNHF): Speculative Buy with CA (.97) price target.” data-reactid=”123″>• Canaccord Genuity on Planet 13 Holdings Inc (OTC: PLNHF): Speculative Buy with CA (.97) price target.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Canaccord Genuity on TILT Holdings Inc (OTC: SVVTF): Speculative Buy with CA (.97) price target.” data-reactid=”124″>• Canaccord Genuity on TILT Holdings Inc (OTC: SVVTF): Speculative Buy with CA (.97) price target.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Canaccord Genuity on DionyMed Brands Inc (OTC: DYMEF): Speculative Buy with CA (.46) price target.” data-reactid=”125″>• Canaccord Genuity on DionyMed Brands Inc (OTC: DYMEF): Speculative Buy with CA (.46) price target.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Bank of America Merrill Lynch on Cronos Group: Buy with price target.” data-reactid=”126″>• Bank of America Merrill Lynch on Cronos Group: Buy with price target.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Wells Fargo on Cronos Group: Outperform with price target.” data-reactid=”127″>• Wells Fargo on Cronos Group: Outperform with price target.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Oppenheimer on Cronos Group: Perform.” data-reactid=”128″>• Oppenheimer on Cronos Group: Perform.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Stifel on Cronos Group: Hold with CA (.44 USD) price target.” data-reactid=”129″>• Stifel on Cronos Group: Hold with CA (.44 USD) price target.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Stifel on Canopy Growth: Buy with CA (.77 USD) price target.” data-reactid=”130″>• Stifel on Canopy Growth: Buy with CA (.77 USD) price target.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Bank of America on Canopy Growth: Buy with price target.” data-reactid=”131″>• Bank of America on Canopy Growth: Buy with price target.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Stifel on Aurora Cannabis: Hold with CA (.47) price target.” data-reactid=”132″>• Stifel on Aurora Cannabis: Hold with CA (.47) price target.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="• Stifel on Tilray: Hold with CA (.62) price target.” data-reactid=”133″>• Stifel on Tilray: Hold with CA (.62) price target.

More From Benzinga Cannabis

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

Barron’s looked at the Colombian cannabis market.

Chris Dier-Scalise shared “4 Facts About Africa’s Budding Cannabis Industry.”

Calum Hughes wrote about where we stand on medical marijuana for military veterans.

We spoke about building a cannabis education company with Green Flower CEO Max Simon.

We also looked into a new blockchain-based Internet of Things platform aimed at increasing trust and transparency for cannabis consumers and brands.

“Elixinol Participates In FDA’s First CBD Hearing, Says Guidance, Clarity Will Benefit ‘Good Players’”

“FDA Public Hearing About CBDs Prescribes Caution, Bearishness, and Deliberation.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="p&gt;Check out these and many other cannabis stories on Benzinga.com/cannabis” data-reactid=”143″>p>Check out these and many other cannabis stories on Benzinga.com/cannabis

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&nbsp;in Saint John, New Brunswick, Canada.” data-reactid=”146″>June 16-18: Martha Stewart will speak at the World Cannabis Congress in Saint John, New Brunswick, Canada.

Stewart is an example of big brands and high-profile personalities that are entering 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,” she said.

“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 Civilized publisher Derek Riedle and Bruce Linton, the founder, chairman and co-CEO of Canopy Growth, onstage in a fireside chat June 18 to close the conference.

The retail pharmacy chain Shoppers Drug Mart will join the event as the third keynote speaker. Ken Weisbrod, the company’s vice president of pharmacy business development and initiatives, will share the stage with other high-profile speakers including Stewart and Linton as he opens the event June 17.   

“Shoppers Drug Mart is a mainstream retail titan and yet another proof point as to where this industry is headed,” said Civilized’s Riedle.

“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 25: MjMicro, an investor forum that seeks connects “highly qualified investors with best-in-class and emerging publicly traded&nbsp;cannabis companies,” will debut in New York at the Westin Grand Central.&nbsp;The event is set to be held four&nbsp;times a year, with future events scheduled for Beverly Hills, West Palm Beach and Seattle.” data-reactid=”154″>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 is set to be held four times a year, with future events scheduled for Beverly Hills, West Palm Beach and Seattle.

<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. 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.” data-reactid=”155″>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. 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 in Valletta, Malta,&nbsp;which dates&nbsp;to the 16th century. when&nbsp;it was originally built as a hospital &nbsp;by the order of St. John. The three-day conference&nbsp;will focus on six pillars: medical, business, research, legislation, regulatory and fintech.” data-reactid=”157″>November 19-21: The Medcann World Forum 2019 will be held in the Mediterranean Conference Centre in Valletta, Malta, which dates to the 16th century. when it was originally built as a hospital  by the order of St. John. The three-day conference will focus on six 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="Picture by&nbsp;Javier Hasse.” data-reactid=”159″>Picture by Javier Hasse.

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<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=”165″>© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.