What’s Happening in Cannabis: Industry News for July 2021
Sharing the hottest cannabis industry news and highlights from the past 30 days
Canopy Growth Completes Acquisition of Supreme
“Canopy Growth Corporation and The Supreme Cannabis Company, Inc. are pleased to announce the completion of the previously announced arrangement whereby Canopy has acquired all of the issued and outstanding common shares of Supreme. As Canopy continues to focus on the premium flower segment, the addition of 7ACRES and the 7ACRES Craft Collective enhances Canopy’s leading market share position and supplements its production capacity through the acquisition of Supreme’s low-cost, scalable cultivation facility in Kincardine, Ontario.”
Planet 13 Announces Grand Opening of Orange County SuperStore
“Planet 13 Holdings Inc., a leading vertically integrated Nevada cannabis company, announces the grand opening of the Planet 13 Orange County SuperStore (“P13 OC”). The Orange County SuperStore is located at 3400 W Warner Ave Santa Ana, California.”
Cresco Labs Launches Social Justice Campaign on 50th Anniversary of War on Drugs
“On the 50th anniversary of when America started its longest war—the War on Drugs—Cresco Labs, a vertically integrated multi-state operator and the number one U.S. wholesaler of branded cannabis products, announced the launch of a summer-long social justice campaign supported by its Sunnyside retail brand and flagship cannabis brand, Cresco.”
Curaleaf’s Select Brand and Rolling Stone Announce Strategic Partnership
“Curaleaf Holdings, Inc., a leading international provider of consumer products in cannabis, announced on Tuesday a first-of-its-kind strategic partnership between its Select brand and Rolling Stone. The long-term partnership leverages Select’s resources and experience creating progressive, industry-leading cannabis products alongside Rolling Stone, to create a new line of co-branded Rolling Stone by Select products will include two product formats to start, including Select’s first-ever pre-roll, as well as “The Cliq,” Select’s newest proprietary pod system.”
LeafLink Raises $40 Million, Doubles Valuation
We recently raised $40 million from investors Nosara Capital, L2 Ventures, Founders Fund, Thrive Capital, and others, doubling our valuation.
Columbia Care Signs Definitive Agreement to Acquire Medicine Man, a Rapidly Growing, Vertically Integrated Operator in the Denver Metro Area
“Columbia Care Inc., one of the largest and most experienced cultivators, manufacturers and providers of cannabis products in the United States, announced that it has entered into a definitive agreement to acquire Medicine Man Denver, a premier vertically integrated cannabis company that has been serving the Denver metro area since 2009.”
Trulieve Announces Expungement Clinics in Pittsburgh During the 2021 WPA Juneteenth Freedom Days Festival
“Trulieve Cannabis Corp., a leading and top-performing cannabis company in the United States and its dispensary group Solevo Wellness, announced the sponsorship of expungement clinics in Pittsburgh, Pennsylvania as well as additional initiatives celebrating the Juneteenth holiday. The clinics will be hosted by Minorities for Medical Marijuana (M4MM), a long-standing partner of Trulieve, whose mission is focused on providing advocacy, outreach, research, and training as it relates to the business, social reform, public policy, and health and wellness in the cannabis industry.”
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