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420 with CNW — American Medical Association Approves Measure on Expungement of Cannabis Records

Millions of Americans across the country with cannabis-related offenses on their records may soon have the offenses expunged after the largest professional association of physicians in the United States passed a resolution in favor of expunging marijuana-related offenses. Last week, the American Medical Association (AMA) announced that it had passed a measure that would require states that have either decriminalized…

NCV Indices Demonstrate That the Weakness in Cannabis Stocks Is Broad

As we described in an earlier article, the Global Cannabis Stock Index closed in June at its worst level ever, falling 23.1% and moving to a drop of more than 55% in 2022. In this exclusive article we will summarize the performance of the other managed indices that New Cannabis Ventures offers to its readers. We will discuss the […] READ MORE: https://www.newcannabisventures.com/ncv-indices-demonstrate-that-the-weakness-in-cannabis-stocks-is-broad/

Canadian Cannabis Companies Report Continued Slowing Revenue Growth in June

The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. June was a light month for reporting. Tracker Rules This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay up to date. Companies must file with the SEC […] READ MORE: https://www.newcannabisventures.com/canadian-cannabis-companies-report-continued-slowing-revenue-growth-in-june/

Global Cannabis Stock Index Takes Out Pandemic Lows in June

The Global Cannabis Stock Index was beaten up in June, its 16th consecutive monthly decline. It closed at the lowest close ever as the index fell 23.1% to 14.76. The weakness in the index follows a 26% decline in 2021 and has left the index down 55.1% thus far in 2022. For Q2, the drop was […] READ MORE: https://www.newcannabisventures.com/global-cannabis-stock-index-takes-out-pandemic-lows-in-june/

420 with CNW — New Congressional Measure Will Enable Cannabis Companies to List on Stock Exchanges

A pair of congressmen has introduced a bipartisan bill that seeks to allow cannabis companies to be listed on national stock exchanges. The bill would also grant the industry access to crucial financial services like banking, solving an issue that has plagued the industry since its inception. Rep. Guy Reschenthaler and Rep. Troy Carter are the cosponsors of the Capital…

Flower One Announces Significant Advancements with Ongoing Restructuring

LAS VEGAS–(BUSINESS WIRE)–Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, is pleased to announce its advancements with its ongoing restructuring, including the restructuring of its term debt (the “Term Debt” or “Term Debt Modification Agreement”) and to its master lease (the “Master Lease” or “Master…

420 with CNW — House Panel Asks Military to Reconsider Cannabis Penalties for Soldiers

Federal law prohibits American servicemembers from consuming cannabis. A 2018 notice declares that although dozens of states have legalized cannabis for medical or recreational purposes, federal law restricts military members from using cannabis, CBD (cannabidiol), any cannabinoid derivatives and THC-infused products. The notice also states that the ingestion of hemp and hemp-seed derivatives was prohibited because they could contain trace…

Ascend Wellness Borrows Additional $28.5 Million at 9.5% for Three Years

AWH Announces US$28.5M Incremental Senior Debt Financing – Closes on $28.5M of the incremental draw, bringing the total raised under the Senior Credit Facility to US$275M NEW YORK, June 30, 2022 /PRNewswire/ – Ascend Wellness Holdings, LLC (“AWH” or the “Company”) (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator, today announced that it has closed on $28.5M of the remaining additional […] READ MORE: https://www.newcannabisventures.com/ascend-wellness-borrows-additional-28-5-million-at-9-5-for-three-years/

Canopy Growth Announces Additional Exchanges with Holders of Notes

Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today that, further to its press release dated June 29, 2022, it has entered into an additional privately negotiated exchange agreement (the “Exchange Agreement”) with a holder (the “Noteholder”) of the Company’s outstanding 4.25% unsecured senior notes due 2023 (the “Notes”), to acquire approximately C$7.25 million (approximately…

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Signs LOI Outlining Minority Stake Acquisition of Cannabis Cultivation Property

Sugarmade (OTC: SGMD), an emerging leader in the vertically integrated cannabis sector, has taken steps toward a 40% acquisition of the business and associated property known as RMI Ventures (d/b/a Jerusalem Grade Farm). SGMD signed a letter of intent (“LOI”) agreeing to complete a definitive acquisition agreement that would make Sugarmade a minority owner of RMI Ventures with 40% control…