The Each day Hit is a recap of the highest hashish enterprise tales for April 21, 2022.
On The Web site
AFC Gamma, Inc. (NASDAQ: AFCG) has offered a senior secured credit score facility of as much as $82.5 million to Bloom Medicinals Holding Firm, a privately held multi-state hashish operator with licenses in Missouri, New Jersey, and Ohio. Bloom stated it plans to make use of the cash from the brand new credit score facility to repay current debt, fund growth initiatives, purchase a Stage 1 Cultivation license in Ohio and supply extra working capital. Learn extra right here.
ICANIC BRANDS, LEEF HOLDINGS
Icanic Manufacturers Firm, Inc. (OTCQB: ICNAF) has acquired all the frequent inventory of LEEF Holdings, Inc., a California primarily based extractions firm, in a merger settlement dated January 21, 2022. “That is an especially thrilling milestone for LEEF and our complete workforce,” stated LEEF CEO Micah Anderson. Learn extra right here.
Ascend Wellness (OTC: AAWH) has opened its retailer in Rochelle Park, New Jersey for authorized adult-use hashish gross sales. The corporate opted to start out opening day with appointment-only visits. Learn extra right here (VIDEO).
GREEN THUMB INDUSTRIES
Inexperienced Thumb Industries (OTC: GTBIF) started promoting adult-use hashish for the primary time at its Rise dispensaries in New Jersey. April 21 was the primary day that the state of New Jersey hashish firms might legally promote leisure marijuana. The corporate was in a position to begin gross sales on the Bloomfield and Patterson New Jersey shops. Learn extra right here (VIDEO).
In Different Information
Curaleaf Holdings, Inc. (CSE: CURA /OTCQX: CURLF), a world supplier of shopper merchandise in hashish, as we speak introduced that it has been authorised by the New Jersey Hashish Regulatory Fee to start adult-use hashish gross sales. Beginning as we speak, April 21, 2022, the Curaleaf dispensary in Bellmawr will start serving adult-use prospects, with Edgewater Park and Bordentown to shortly observe. Learn extra right here.
HUMBLE & FUME INC., CANNDESCENT BRANDS
Humble & Fume Inc. (CSE: HMBL) (OTCQX: HUMBF), a North American distributor of hashish and hashish equipment, introduced that it’s subsidiary Humble Hashish Options has formally begun operations within the California market and signed an unique distribution companies settlement with main California model home, Canndecent Manufacturers. Learn extra right here.
THE VALENS COMPANY, GREEN ROADS INC.
The Valens Firm Inc. (TSX: VLNS) (Nasdaq: VLNS), a producer of hashish merchandise is happy to announce that its wholly-owned subsidiary Inexperienced Roads, Inc., has entered into an settlement with Signifi Options, Inc. to put cloud-managed Inexperienced Roads good kiosks in numerous premium mall areas across the U.S. Learn extra right here.
BESPOKE FINANCIAL, PAYQWICK
Bespoke Monetary, a Fintech lender offering debt financing to hashish firms, as we speak introduced its strategic partnership with PayQwick, the hashish trade’s most complete treasury, and monetary companies platform. The partnership gives a compliant one-stop store for hashish companies to entry Bespoke’s lending merchandise and PayQwick’s invoicing, digital invoice pay, armored automotive money pick-up, wire transfers, and different monetary companies. Learn extra right here.
CHALICE BRANDS LTD.
Chalice Manufacturers Ltd. (CSE: CHAL) (OTCQB: CHALF), a hashish firm specializing in retail, manufacturing, processing, wholesale, and distribution, introduced the signing of definitive agreements and companies agreements to accumulate two retail shops positioned in Bend and Corvallis, Oregon, from Miracle Greens, Inc. and two outside cultivation belongings in Grants Move, Oregon from Totem Farms, LLC for whole consideration of US$2.63 million. Learn extra right here.
Allied Corp. (OTCQB: ALID) introduced that it has initiated three main industrial exports of Colombian-produced dried hashish flower. One export is meant for Australia, and the opposite two exports are for the USA. The beginning export volumes are for 1000, 1000 and 500 kilograms respectively. Allied solely exports hashish flower to international locations the place it’s authorized to take action (for instance, in the USA the THC ranges must be lower than 0.3%). Learn extra right here.
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