Regulated cannabis market
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Jushi Holdings Inc. Announces First Settlement in Ongoing Hemp-Derived THC Litigation
Globenewswire· 2026-03-25 12:39
Core Viewpoint - Jushi Holdings Inc. has reached a settlement with Revelry Supply, Inc. to resolve litigation related to the sale of unregulated hemp-derived THC products in Pennsylvania, marking a significant step in the company's efforts to protect the integrity of state-regulated cannabis markets and public health [1][2][3][4]. Group 1: Settlement Agreement - The settlement agreement with Revelry is effective as of February 11, 2026, and is the first resolution in a broader enforcement action initiated by Jushi's subsidiaries against multiple entities [1][3]. - The litigation was part of a broader action against unregulated wholesalers and smoke shops selling illegal marijuana products disguised as "hemp," which undermines the regulated market and poses public health risks [2][4]. Group 2: Company Commitment - The company emphasizes its commitment to ensuring transparency, product testing, and regulatory accountability in the cannabis market, aiming to address the proliferation of under-regulated intoxicating products [4]. - Jushi will continue to pursue claims against remaining defendants in Pennsylvania and other states to uphold the integrity of the cannabis industry [4]. Group 3: Company Overview - Jushi Holdings Inc. is a vertically integrated, multi-state cannabis operator focused on building high-quality retail, cultivation, manufacturing, and distribution operations across various U.S. markets [5].
Village Farms Launches Promenade Brand's First Vape in Quebec
Globenewswire· 2025-11-24 12:00
Core Insights - Village Farms International, Inc. and its subsidiary Rose LifeScience Inc. have launched Promenade's first vape product, Matin, marking a significant advancement in Quebec's regulated cannabis market [1][4] - The introduction of a regulated vape category in Quebec is expected to enhance consumer access and drive growth in the legal cannabis market [2][4] Company Overview - Village Farms is a large-scale, vertically-integrated supplier of high-value plant-based Consumer Packaged Goods, leveraging decades of experience in Controlled Environment Agriculture [6] - The company operates one of the largest cannabis operations globally through its subsidiary Pure Sunfarms, with 2.2 million square feet of greenhouse production capacity [7] - Village Farms also holds an 80% stake in Rose LifeScience, a leader in cannabis product commercialization in Quebec [7] Market Dynamics - Quebec accounts for 13% of national cannabis sales, generating $202 million in cannabis revenue in Q3 2025, reflecting a 10% year-over-year increase [4] - Recent consumer data indicates that 55% of cannabis consumers in Quebec are interested in purchasing vape products from legal channels, driven by safety and quality concerns [3] Product Details - The Promenade Matin vape is designed specifically for the Quebec market, featuring a blend of cannabinoids including THC and CBG, and is characterized by bright citrus notes and a smooth finish [5] - The product will be available across Quebec starting November 26, 2025 [5]