The Each day Hit is a recap of the highest hashish enterprise tales for Could 19, 2022.
ON THE SITE
Harborside Owns Urbn Leaf Seaside Retailer
Harborside Inc. (CSE: HBOR) (OTCQX: HBORF) now totally owns the Seaside, California retailer often known as Urbn Leaf. Harborside had initially bought a 50% possession within the dispensary, however with the brand new transaction, it is going to personal all the issued and excellent securities of 680 Broadway Grasp, LLC which owns the Seaside Retailer, bringing the corporate’s curiosity within the Seaside Retailer to 100%. Learn extra right here.
Psychedelics and Institutional Buyers
When trying on the information popping out of psychedelics analysis, there’s tantalizing proof that the promise of psychedelics is turning into extra of a actuality on daily basis. Corporations and organizations akin to Compass Pathways NASDAQ: (CMPS) the Multidisciplinary Affiliation for Psychedelic Research (MAPS) and Awakn Life Sciences are both planning or engaged on section 3 scientific trials, one of many final steps earlier than U.S. Meals and Drug Administration (FDA) approval. Learn extra right here.
IN OTHER NEWS
Medical Marijuana, Inc.
Medical Marijuana, Inc. (OTC: MJNA), a publicly traded hashish firm in the US, introduced at the moment its monetary outcomes for the quarter ending March 31, 2022, and offered an summary of current operational highlights. Generated $7.8 million in internet income within the first quarter of 2022, a 24% improve when in comparison with the earlier quarter. Learn extra right here.
New Frontier Companions with Treez
New Frontier Knowledge, a knowledge, analytics and expertise agency specializing within the international hashish trade, broadcasts a broad, subtle information partnership with Treez, an enterprise cloud commerce platform that streamlines retail and provide chain operations inside the hashish market. The partnership offers new options designed to deliver pace, accuracy and transparency to hashish retail, model and product efficiency. Learn extra right here.
ADC Companions with Alt Magic
ADC, a hashish distribution firm, introduced a partnership with Alt Magic to current the primary ever WebXR hashish retailer. The shop permits customers to speak with like-minded individuals within the Metaverse utilizing their VR headset even when they don’t have a VR headset they’ll use their smartphone, pill or pc to benefit from the WebXR expertise. It’s the primary time that folks on all main units will be capable of enter a hashish retailer, decide up merchandise, overview components and make purchases from the Metaverse. Learn extra right here.
Trulieve Hashish Corp.
Trulieve Hashish Corp. (CSE: TRUL) (OTCQX: TCNNF), a hashish firm in the US, at the moment introduced the grand opening of its third and fourth medical dispensaries in West Virginia. Situated at 4701 MacCorkle Ave. SW in South Charleston and 152 Park Buying Heart in Parkersburg, each dispensaries will open at 10 a.m. on Saturday, Could 21, 2022. Learn extra right here.
Isracann Biosciences Inc. (CSE: IPOT) (XFRA: A2PT0E) (OTC: ISCNF) a multi-faceted group with a pure well being medication division in Canada and holdings in Israel, is happy to announce that its wholly owned subsidiary Praesidio Well being has accomplished the pure product quantity (NPN) submissions to Well being Canada for its first formulations. Learn extra right here.
Indiva Restricted (TSXV: NDVA) (OTCQX: NDVAF), a Canadian producer of hashish edibles and different hashish merchandise, introduced its monetary and working outcomes for the primary fiscal quarter ended March 31, 2022. “We’re happy to report very sturdy year-over-year income progress within the first quarter of 2022, and continued gross margin enchancment in comparison with fiscal 2021. In line with information from Hifyre Inc., Indiva continues because the dominant nationwide market share chief in edibles,” mentioned Niel Marotta, President and Chief Government Officer of Indiva. Learn extra right here.
The statements made regarding these merchandise haven’t been evaluated by the Meals and Drug Administration. The efficacy of these merchandise has not been confirmed by FDA-approved evaluation. These merchandises are often not meant to diagnose, take care of, treatment, or forestall any sickness. All information discovered proper right here won’t be meant as another choice to or totally different from information from well-being care practitioners. Please search the recommendation of your well-being care expert about potential interactions or totally different attainable points sooner than using any product. The Federal Meals, Drug and Magnificence Act requires this discovery.