By Candace Hawkins
If you think seeing the global cannabis industry explode has been quite a ride, wait for the global psychedelics industry tom complete its emergence. We’re already seeing mergers and acquisitions buzz by at a dizzying speed. To help you keep up with the flow, here are the hottest headlines from the cannabis biz to ease you into the work week.
The Investment Industry Regulatory Organization of Canada (IIROC) has halted the trading and issue of Trulieve Cannabis Corp (symbol TRUL.WT) pending delisting.
Trees Corporation is also welcoming Campbell Becher to their Board of Directors.
“Campbell’s depth in capital markets and business strategy, coupled with his experience in the cannabis industry will be a tremendous addition to our board of directors as we continue with our aggressive consolidation growth strategy in the months ahead,” said Michael Klein, Trees CEO and Jeff Holmgren, Trees President.
An update to the merger of Hoist Capital Corp and The Hempshire Group Inc has been released. The Hempshire Group Inc is a private nicotine and tobacco free alternative smokables company. Also announced was the appointment of Willian Hahn as Chief Financial Officer of the Resulting Issuer and new Corporate Secretary of the Resulting Issuer Sanjib (Sony) Gill. Hempshire products are currently sold in Switzerland, South Africa, and New Zealand with discussions for international market expansion underway. Conditional acceptance of the merger has been announced by the TSX Venture Exchange and trading under the symbol “HMPG” will begin the week of July 4, 2022.
As they continue to build their Quebec presence, The Valens Company Inc announced the launch of a Quebec-exclusive brand. The brand, Bon Jak was created with the goal of providing memorable user experiences. Valens strategy is to introduce several new dried flower and seltzer products available through the Societe Quebecoise du Cannabis on September12, 2022.
“The agreement with the SQDC reflects our commitment to the Quebec market and more importantly Quebec consumers,” said Tyler Robson, Chief Executive Officer of The Valens Company. “We have been listening to feedback and understand the importance of delivering unique, regionally focused products under a relatable and socially conscious brand at competitive price points. Importantly, we believe our innovation and manufacturing capabilities uniquely position us for success in Quebec and we will continue to invest in this strategic market.”
The Grow Up Conference is starting today in Victoria, BC. The event features over 100 speakers from the cannabis and psychedelics industries. A similar event is planned for Niagara Falls, ON in September.
More info: https://growupconference.com/
Delic Labs, one of the leaders in cannabis and psychedelic research, has secured a Health Canada 56 Research Exemption. Delic studies a variety of psychedelics outside psilocybin. The company’s President and Chief Scientific Officer, Dr. Markus Roggen, will participate in the upcoming Grow Up Conference and Expo in Victoria, BC. Dr. Roggen will be speaking on several panels including Making Extractions More Sustainable, Introductions to Psychedelics – An Overview, and The Business of Psychedelics in Canada and Abroad.
Candace Hawkins (she/her) is a Canadian living on the traditional lands of the Six Nations Peoples. She is a longtime advocate for medicinal cannabis and legalization.
The B2BNN Media Group garden is growing! CannaBNN, our new outlet covering the psychedelics and cannabis biz, is set to launch in September 2022. For updates and special pre-launch features, sign up for our newsletter below.
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