News

15
Jul
2020

Trulieve Bucks the Cannabis Trend

15.07.2020 admin News No Comments

By DEBRA BORCHARDT Many of the biggest cannabis companies are struggling to stay relevant amidst mountains of debt and slow to grow revenue. Bucking that trend is Trulieve Cannabis Corp.  (TCNNF)  which continues to build a solid foundation and is one of the few in the industry that is consistently profitable. Trulieve is also putting up some

read more

10
May
2019

Hemp processing plant in Conover to be sold

A CBD-extracting plant in Conover is expected to become part of a Canadian-based health and wellness company that is already a player in the legal cannabis industry. Conover hemp processing plant Sugarleaf Labs LLC will be purchased by Neptune Wellness Solutions this summer, according to a Thursday press release. Sugarleaf’s 24,000-square-foot facility is capable of

read more

8
May
2019

ISRAELI MEDICINE COMPANY AIMS TO MANUFACTURE CANNABINOID-PRODUCING CELLS

If successful, the cannabis industry would shift from agriculture-based growing into a full 3-D cell culturing platform for growing and expanding cannabinoid-producing cells. Pluristem Therapeutics, best known for developing novel placenta-based cell therapy products, announced May 6 that it has filed a US provisional patent application titled “Methods and Compositions for Producing Cannabinoids,” which covers

read more

8
May
2019

Can Santa Barbara County become cannabis king? Economist says growing pot offers opportunities

Santa Barbara County could become one of the nation’s leading cannabis sources, providing an opportunity for those already being squeezed out of other crops by competition and costs, based on an economist’s review of issues delivered Tuesday at the North County Economic Summit in Santa Maria. Peter Rupert, executive director of the UCSB Economic Forecast

read more

8
May
2019

Many traditional VCs are hesitant to buy into cannabis startups, but these investors are taking the plunge

Venture capital is upping its tolerance for cannabis investments. At DCM’s CannTech conference in San Francisco on Tuesday, Casa Verde Capital Manager Partner Karan Wadhera spoke about the hurdles facing venture firms that want to invest in cannabis startups but have partners that are not yet comfortable wading into the murky legal waters. “Every major

read more

7
May
2019

New Zealand to vote on cannabis legalization

New Zealanders will be able to vote on whether they want to legalize cannabis in a referendum next year. The draft law under consideration would allow people over the age of 20 to purchase the drug. New Zealand will hold a referendum on legalizing cannabis during the 2020 general election, the government announced Tuesday. Justice

read more