Market Watch, January 2020
mwNEWSprograms on the dangers of opioid pain medications and practical approaches to marijuana will be mandatory for all players and club personnel Breakthrus KindredTo Broker JWCBreakthru subsidiary Kindred has signed the James E Wagner Cultivation Corpo ration JWC to a brokerage agreement Kindred will serve as JWCs exclusive broker for its line of adult use products in Canada JWC currently sells a variety of cannabis strains including Holy Grail Kush White Russian Chemdawg and Cherry Diesel among others and several cannabis oils The brokerage agreement also covers JWCs forthcoming extract products that are currently under development and expected to come to market early next year JWC is based in Kitchener Ontario Columbia Care AcquiresThe Green SolutionNew York based Columbia Care has acquired Colorados The Green Solution in a deal valued at roughly 140 million Upon completion of the transaction Columbia Care says it will be the largest vertically integrated cannabis company in Colorado a cannabis market worth roughly 16 billion The Green Solu tions former holdings will add 21 dispen saries to Columbia Cares portfolio with two more expected by year end The acquisition will bring Columbia Cares U S footprint to 93 facilities 74 dispen saries 19 cultivation manufacturing across 15 markets Nug OpensSecond Bay Area LocationCalifornia cannabis producer Nug continues to expand its retail opera tion It opened a new flagship store in San Leandro California called Nug Wellness in November The company opened the store in partnership with the Davis Street Family Resource Center which works to address poverty and offer medical services the Center will receive a percentage of the retail outlets gross receipts The 7000 square foot store offers Nugs catalog of prod ucts in addition other brands An Oakland location is planned for early this year Aurora Cannabis Opens Flagship StoreAurora Cannabis opened its flagship store in the West Edmonton Mall in Edmonton Alberta The West Edmon ton Mall is the largest mall in North America Auroras store is approxi mately 11000 square feet and includes both a retail store and an immersive experiential space that will host a rotating calendar of programming The store will stock more than 40 cannabis products from Auroras vari ous brands including San Rafael 71 Alta Vie Whistle Cannabis Co and Woodstock The mall hosts 30 million visitors annually Washington Company DebutsCannabis Drone DeliveryBellevue Washington based Squad Drone has pledged to begin delivering cannabis via flying drone by March The program will be limited to deliv eries from producers to retailers rather than delivering to consumers The companys fleet of six drones has a range of approximately 6 miles and can carry approximately 90 pounds Squad Drone believes that drone based deliv eries will reduce logistics and security costs associated with wholesale deliv eries by 80 All flights will be moni tored by a command center in Seattle and operated by a licensed pilot the company says South Dakota To Vote On Cannabis Legalization South Dakota will vote on legalizing both medical and recreational cannabis on the same ballot this year a first in the U S South Dakota is one of three states remaining that does not allow cannabis consumption in some manner the other two are Idaho and Kansas The recre ational initiative takes the form of a state constitutional amendment that would legalize and impose a 15 sales tax among other now standard consider ations Efforts are also underway to place a ballot initiative in Arkansas Kings Garden Names NewExclusive DistributorCresco Labs subsidiary Origin House has entered into an exclusive distribu tion agreement with Kings Garden The Coachella Valley California based Kings Garden produces a boutique cannabis line that includes flower concentrates and vape cartridges and has proven popular in California Pursuant to the agreement Origin House will be the exclusive distributor of all Kings Garden products for an initial term of one year across Califor nia and will gain the exclusive rights to distribute any new branded products introduced Kings Garden plans to expand into therapeutic topicals and tinctures in the future Brand House and DispensaryFranchiser Team UpCannabis One a brand house is merg ing with dispensary franchiser One Cannabis Cannabis One has a number of brands in its portfolio most notably Honu whose edibles flower and other products are distributed in Washington state One Cannabis meanwhile fran chises cannabis retail under its Unity Rd brand Under the agreement Cannabis One will purchase all outstanding shares of One Cannabis Financial terms werent disclosed Wana Brands Expands In The Beaver StateWana Brands is expanding its product lineup in Oregon The Boulder Colorado based company will launch its Sour Gummies in a 2 1 ratio of CBD to THC 10 mg of CBD and 5 mg of THC Another popular Colorado release a salted caramel chew will also make the leap to the Oregon market Wana has also updated its packaging which the company says will reduce packaging 90 MARKET WATCH MARKETWATCHMAG COM JANUARY FEBRUARY 2020MW0120_
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