Jelena Martinovic

Zinger Key Points Trulieve opens several new Florida dispensaries in October and November, while voters reject Amendment 3 on Nov. ballot.

Toronto-based cannabis-focused real estate investment trust Nova Net Lease REIT NNL NNLRF

Two Manhattan hemp stores are given a green light from a state Supreme Court judge to remove "illicit cannabis" signs placed on the storefronts by cannabis regulators following raids, reported Times Union. The temporary restraining order signed by Arthur F. Engoron, a judge of the Supreme Court 1st Judicial District in New York, suggests questions around the legality of the tactics used by state regulators and the New York City Sheriff's Office in their enforcement efforts have been raised. Dozens of hemp store owners are already fighting their respective court battles, after their shops got raided, with products seized and "illicit cannabis seized" signs placed on their storefronts without any hearings. They argue signs label their businesses as criminal without due process while creating significant reputational and financial harm.

Cannabis company Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) is launching the award-winning California-grown Claybourne brand in Canada, via an exclusive licensing agreement. Canadian medical cannabis company Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) revealed its latest lineup of innovations from Greybeard, San Rafael '71 and Tasty's brands for Canadian consumers.Cannabis producer and retailer The Cannabist Company (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) announced on Wednesday the launch of its partnership with Veda Warrior, a New Jersey-based minority woman-owned Ayurvedic wellness brand.

Jelena Martinovic , Benzinga Staff Writer November 21, 2024 10:28am 2 min read Comments

The Alabama Court of Civil Appeals rejected the Alabama Medical Cannabis Commission's (AMCC) attempt to dismiss a lawsuit filed by a medical marijuana operator, challenging its already troubled medical cannabis licensing process. Jemmstone Alabama, LLC, filed the lawsuit in December 2023, alleging mismanagement and improper denial of its application for an integrated medical cannabis facility license, reported Alabama Political Reporter.In the lawsuit, Jemmstone initially named AMCC only as a defendant, in the caption of the complaint. However, throughout the document, the plaintiff consistently referenced individual commissioners.

Cannabis operator with vertical operations in Arizona and Ohio Vext Science, Inc. (CSE: VEXT) (OTCQX: VEXTF) reported on Thursday its financial results for the period ended Sept. 30, 2024. "Vext's performance in the third quarter of 2024 was a testament to the team's disciplined execution amid persistent macroeconomic headwinds," Eric Offenberger, CEO of Vext, said. "Our solid Adjusted EBITDA results reflect both the transition to adult-use sales in Ohio, as well as our focus on maintaining strict cost control. Despite a challenging economic climate and typical third-quarter seasonality and pricing pressures in the Arizona market with the ongoing supply-demand imbalance, we're pleased to report that our economic unit volumes remain strong."

Jelena Martinovic , Benzinga Staff Writer November 22, 2024 8:54am 2 min read Comments

Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) announced on Thursday its unaudited interim financial results for the third quarter ending Sept. 30, 2024. "Decibel has been very deliberate about reducing our current liabilities, by ~5mm this quarter," CEO Benjamin Sze said. "Maintaining discipline over time will result in a stronger balance sheet. This marks the last quarter where our primary focus is on Canadian domestic recreational sales. While we continue to integrate AgMedica into our portfolio, it is encouraging to see significant demand internationally for Decibel flower."

CV Sciences, Inc. (OTCQB: CVSI) a hemp-focused wellness company announced on Thursday it's acquiring Extract Labs, Inc., a manufacturer and distributor of premium cannabinoid products including gummies, topicals and tinctures. Extract Labs' branded products are sold through a range of sales channels from business-to-business (B2B) to business-to-consumer (B2C).