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Marijuana ancillary firm Hydrofarm prices $269M offering, buys company

Hydrofarm Holdings Group, a distributor and manufacturer of hydroponics equipment and supplies, announced the pricing of a nearly $270 million public offering as well as an agreement to acquire a nutrients company for $78 million. The Fairless, Pennsylvania-based company said it was pricing 4.8 million shares of its common stock at a price of $59 …

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SD high court hears arguments on adult-use cannabis measure

The South Dakota Supreme Court is moving closer to deciding whether to uphold a voter-approved amendment to legalize adult-use cannabis after hearing oral arguments Wednesday that focused on narrow constitutional issues. Gov. Kristi Noem, an anti-marijuana Republican, is trying to strike down recreational marijuana after voters in her state approved legalization by a 54%-46% margin at …

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Marijuana MSO Ascend Wellness aims to raise $80 million via IPO

Multistate operator Ascend Wellness Holdings plans to raise $80 million through an initial public offering aimed at bankrolling marijuana investments in Ohio and New York as well as future acquisitions. The New York-based marijuana company said in a news release it plans to issue 10 million shares of its Class A common stock priced at …

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Columbia Care acquires New York cannabis cultivation site for $42.5M

Multistate cannabis operator Columbia Care is spending $42.5 million in cash and stock to acquire a 34-acre cultivation site in its home state of New York. The new location on eastern Long Island includes 740,000 square feet of operational greenhouse space that will be acquired in the second phase of the transaction later this year …

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California Cannabis Agency Consolidation Will Affect Cannabis Contracts

Over the next few months, California’s three cannabis agencies are going to consolidate their authority over the entire state’s industry into one new mega-agency: the Department of Cannabis Control. This is undoubtedly a good idea as having three agencies overseeing the same industry has been cumbersome, ineffective, and inefficient for many licensees. many other states …

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Delta-8 THC now reported by LightLab 3 Cannabis Analyzer

For Immediate Release     Media Contact: Ashley Serafin 603-573-9212 ext. 702 [email protected] NEW LONDON, NH – April 29, 2021 – Orange Photonics is pleased to announce that the LightLab 3 Cannabis Analyzer now reports Delta-8 THC (D8-THC), an increasingly popular cannabinoid found in hemp-derived cannabis products. In addition, Orange Photonics is releasing a new Mobile Monitoring …

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What are Heirloom Marijuana Strains, Exactly?

Heirloom cannabis strains are strains that have existed for many generations. However, this is not the only thing that makes them unique. Heirloom cannabis strains are distinct from other cannabis strains because of the purity which they offer. Unlike most strains of cannabis, heirloom cannabis strains have never been crossbred with any strain, only existing …

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Cannabis and Heart Attacks – What the Latest Research is Telling Us

Marijuana raises the heart rate and increases the number of beats the heart makes in a minute. The Annals of Internal Medicine (AIM) published a study in 2019, where it was stated that edibles seem to have a higher risk of causing heart problems than vaping. More research is still needed to determine how true …

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