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Village Farms International Regains NASDAQ Compliance
Globenewswire· 2025-06-09 11:00
Core Viewpoint - Village Farms International has regained compliance with Nasdaq's minimum closing bid price requirement, indicating a positive development for the company's stock listing status [1] 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 [2] - The company has established itself as a leading fresh produce supplier in the US and Canada, now focusing on high-growth cannabinoid opportunities internationally [2] Cannabis Operations - In Canada, Pure Sunfarms, a wholly owned subsidiary, is one of the largest cannabis operations globally, with 2.2 million square feet of greenhouse production and recognized as a low-cost producer [3] - Village Farms owns an additional 2.6 million square feet of greenhouse capacity in Canada for future expansion and holds an 80% stake in Rose LifeScience, a leader in cannabis product commercialization [3] International Expansion - The company is targeting legal cannabis opportunities internationally, exporting medical cannabis from its EU GMP certified facility in Canada to markets such as Germany, the UK, Israel, Australia, and New Zealand [4] - In Europe, Leli Holland, a wholly-owned subsidiary, holds one of ten licenses to grow and distribute recreational cannabis within the Dutch Coffee Shop Experiment [4] US Market Strategy - In the US, Balanced Health Botanicals, a wholly owned subsidiary, is a leading CBD and hemp-derived brand, with plans to enter the US THC market leveraging its Texas-based greenhouse assets [5] - The company has 2.2 million square feet of existing greenhouse capacity and 950 acres of owned, unoccupied land for future expansion in the US [5] Clean Energy Initiatives - Village Farms Clean Energy, in partnership with Terreva Renewables, generates renewable natural gas from landfill gas, significantly reducing greenhouse gas emissions in Vancouver [6] - This initiative is equivalent to removing over 100,000 vehicles from the road or powering 51,300 homes for a year [6] Joint Ventures - The company holds a 37.9% equity interest in Vanguard Food LP, a joint venture aimed at creating a premier branded CPG foods company through mergers and acquisitions [7] - Vanguard Food LP plans to acquire additional produce assets and operations with the support of private investment partners [7]
AYR Provides Update on Anticipated Cease Trade Order
Globenewswire· 2025-06-06 11:30
MIAMI, June 06, 2025 (GLOBE NEWSWIRE) -- AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, today provides an update regarding the status of its securities in connection with its previously announced delay in filing its interim financial statements for the quarter ended March 31, 2025.‎ As disclosed on May 30, 2025, the Company was unable to meet the deadline to file its interim financial report, management’s discussion ...
Vireo Growth Inc. Announces Closing of Proper Brands Acquisition in Missouri
Globenewswire· 2025-06-05 20:30
MINNEAPOLIS , June 05, 2025 (GLOBE NEWSWIRE) -- Vireo Growth Inc. (“Vireo” or the “Company”) (CSE: VREO; OTCQX: VREOF), today announced that it has closed its previously-announced transaction to acquire Missouri-based Proper Brands (“Proper”) through the acquisition of NGH Investments, Inc. and Proper Holdings Management, Inc., subsidiaries of Proper Holdings, LLC, a management company providing services to Proper’s portfolio of 11 retail dispensaries in Missouri. Proper was founded in 2022 and is currently ...
MediPharm Labs Closes $4.5 Million Sale of Hope, BC Facility and Announces Plans to Expand EU GMP Cultivation Capacity at Napanee Facility
Globenewswire· 2025-06-05 11:00
About MediPharm Labs Founded in 2015, MediPharm Labs specializes in the development and manufacture of purified, pharmaceutical-quality cannabis concentrates, active pharmaceutical ingredients (API) and advanced derivative products utilizing a Good Manufacturing Practices certified facility with ISO standard-built clean rooms. MediPharm Labs has invested in an expert, research driven team, state-of-the-art technology, downstream purification methodologies and purpose-built facilities for delivery of pure, t ...
Rubicon Organics Acquires Hope Facility to Accelerate Premium Cannabis Growth Strategy
Globenewswire· 2025-06-05 11:00
VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- June 5, 2025 – Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) ("Rubicon Organics", "Rubicon" or the "Company"), a licensed producer focused on cultivating and selling organic certified and premium cannabis products, today announced the closing of its acquisition of an operational, purpose-built 47,500 sq. ft. indoor cultivation facility in Hope, British Columbia. The acquisition is a key milestone in Rubicon's growth strategy to expand premiu ...
RYTHM Premium Cannabis Brings Back The Miracle in Mundelein for a Third Year with Legal On-Site Cannabis Consumption and a Star-Studded Lineup
Globenewswire· 2025-06-04 18:00
Core Viewpoint - Green Thumb Industries Inc. is hosting the third annual "The Miracle in Mundelein," a cannabis and music festival, on September 6 and 7, 2025, in Mundelein, Illinois, featuring legal on-site cannabis consumption and a diverse lineup of musical performances [2][3][7]. Event Details - The festival will take place across from RISE Dispensaries and will include performances from notable artists such as Damian "Jr. Gong" Marley, De La Soul, Umphrey's McGee, and Dark Star Orchestra [4][5][9]. - General admission and VIP tickets will be available starting June 6, 2025, with prices starting at $59 for single-day general admission and $313 for two-day VIP passes [8]. Cannabis Experience - Attendees can expect immersive experiences including dab bars and joint rolling stations featuring premium RYTHM products, as well as the Señorita THC Margarita Cabana Club [6][7]. - The event is strictly for individuals aged 21 and older, with cannabis available for purchase at RISE Dispensary Mundelein and on festival grounds [5][6]. Company Background - Green Thumb Industries is a national cannabis consumer packaged goods company that operates RISE Dispensaries and offers a range of branded cannabis products [9]. - The company has 20 manufacturing facilities and 104 retail locations across 14 U.S. markets, employing approximately 4,900 people [9].
Jushi Holdings Inc. Announces Voting Results of Annual Shareholders’ Meeting
Globenewswire· 2025-06-03 20:06
BOCA RATON, Fla., June 03, 2025 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Corporation”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced the voting results of the annual general meeting (the “Meeting”) of shareholders of the Corporation (“Shareholders”) that was held today as follows: 1.Fixing the Number of Directors The number of directors of the Corporation was set at five. ForAgainstBroker Non-Votes 84,212,913 (98.595%)1,199,686 (1.405%) ...
FLUENT Expands Indoor Cultivation Footprint with First Planting at Rosa Facility in Florida
Globenewswire· 2025-06-03 13:05
Core Insights - FLUENT Corp. has completed the first planting at its new Rosa indoor cultivation facility in Tampa, marking a significant step in its 2025 growth strategy and brand-tiering model [1][2] Facility Expansion - The Rosa facility adds 9,200 square feet of high-efficiency indoor canopy, enhancing FLUENT's commitment to premium, hand-trimmed whole flower production [2] - With the first of three cultivation rooms planted with approximately 1,500 high-THC plants across eight genetics, FLUENT aims to strengthen its supply of high-performing products in Florida's medical market [2] Cultivation Footprint - The Rosa build-out expands FLUENT's total Florida cultivation footprint to 103,000 square feet, consisting of 45,000 square feet of indoor capacity and 58,000 square feet of greenhouse operations [3] - This expansion provides flexible, tiered product output aligned with brand positioning and evolving patient preferences [3] Strategic Focus - The Rosa facility enhances FLUENT's ability to control quality and meet demand with precision as it scales in Florida, reflecting a focus on operational discipline and consistent product excellence [4] - All products grown at Rosa will be sold exclusively through FLUENT's Florida retail network, supporting a multi-tiered brand strategy that includes value-tier Bag-O, mid-tier KNACK, and an upcoming top-tier brand [4] Company Overview - FLUENT Corp. is a national cannabis consumer packaged goods company and retailer, dedicated to operational excellence in cultivation, production, distribution, and retail experience [6] - The company operates in Florida, New York, Pennsylvania, and Texas, employing over 700 employees across 8 cultivation and manufacturing facilities and 42 active retail locations [6]
Glass House Brands Announces June Investor Events
Globenewswire· 2025-06-03 12:00
Group 1 - Glass House Brands Inc. is one of the fastest-growing, vertically integrated cannabis companies in the U.S., focusing on the California market and building leading brands [5] - The company will participate in the Benzinga Cannabis Capital Conference from June 8-10, 2025, with key executives involved in discussions [1][2] - An annual Investor Sesh will be hosted on June 20, 2025, at the Camarillo Farm, featuring the Fiscal Year 2024 General Meeting and opportunities for investors to engage with management [3] Group 2 - Kyle Kazan, Co-founder, Chairman & CEO, will participate in a panel discussion titled 'The Hemp Industry Divide: Quick Cash vs. Sustainable Growth' on June 10, 2025 [2] - The company emphasizes sustainable practices in its operations, from greenhouse cultivation to retailing, aiming to produce outstanding cannabis products for the benefit of all [5] - Interested investors can register for the Investor Sesh and greenhouse tour through the company's website [4]
Cronos Group Inc. to Speak at the TD Cowen 9th Annual Future of the Consumer Conference
Globenewswire· 2025-06-02 19:30
Core Points - Cronos Group Inc. is an innovative global cannabinoid company focused on advancing cannabis research, technology, and product development [2] - The company is committed to building a diverse international brand portfolio, which includes brands like Spinach, PEACE NATURALS, and Lord Jones [2] - Mike Gorenstein, the Chairman, President, and CEO of Cronos, will speak at the TD Cowen 9th Annual Future of the Consumer Conference on June 4, 2025 [1] Company Overview - Cronos Group is dedicated to creating disruptive intellectual property in the cannabis sector [2] - The company aims to responsibly enhance the consumer experience through its brand portfolio [2] - More information about Cronos and its brands can be found on their official website [2]