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Showing posts from December, 2022

High Tide Recaps Key Milestones of 2022

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CALGARY, Alberta--(BUSINESS WIRE)--High Tide Inc. (“High Tide” or the “Company”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to reflect on its key milestones for 2022, a year that saw record growth for the company. From becoming the top revenue-generating cannabis company in Canada to being recognized as one of Canada’s “Top Growing Companies” for the second year in a row by the Globe and Mail, to the growth of its unique Cabana Club loyalty program to over 900,000 members, to entering a new lucrative vertical in the United States with the launch of cannabis seed sales, the Company continuously demonstrated that it is committed to the further diversification of its ecosystem while remaining a leader in bringing innovation to the cannabis retail landscape. High Tide’s 2022 Highlights: Total revenue for the nine months ended July 31, 2022, increased to CAD$248.6 million from CAD$

High Tide Closes Acquisition of Jimmy’s Cannabis Shop BC

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CALGARY, Alberta--(BUSINESS WIRE)--High Tide Inc. (“High Tide” or the “Company”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that further to its press release dated September 29, 2022, the Company has completed its acquisition (the “Acquisition”) of 100% of the equity interest of 1171882 B.C. Ltd., operating as Jimmy’s Cannabis Shop BC (“Jimmy’s”), resulting in High Tide’s acquisition of two retail cannabis stores currently operated by Jimmy’s in British Columbia (the “Stores”) for $5.3 Million (the “Transaction”). The Stores are located at 1225 Cranbrook Street North, Cranbrook and 1543 Victoria Street, Prince George. The Cranbrook store is located near the base camp of the Kootenay Rockies and is within a short drive of award-winning golf courses and nature trails. It is also situated within a commercial complex that includes a prominent local grocery store as well as a

Snoop Dogg Launches Death Row Cannabis

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CALIFORNIA: For over 30 years, through countless chart topping hits and landmark artists, Death Row Records has stood as one of the music industry’s most iconic and culturally significant platforms. Today, it is under powerful new management.  Recently acquired by Snoop Dogg, the infamous musical empire has reemerged as a multi-category cultural platform across music, fashion, entertainment, Read the full article... http://dlvr.it/Sg6dfy

Cabbacis Announces Canadian Patents for Very-Low-Nicotine Tobacco Products

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NIAGARA FALLS, N.Y.--(BUSINESS WIRE)--Cabbacis LLC, a U.S. federally-licensed tobacco product manufacturer focused on harm reduction products, today announced that the Canadian Intellectual Property Office (CIPO) has issued Patent No. 3,151,047 to Cabbacis for pods comprising blends of very-low-nicotine tobacco and hemp for use with oral electronic vaporizers. Canadian Patent No. 3,151,047 includes 27 claims which will expire on September 10, 2040. Earlier in 2022, CIPO also issued Patent No. 3,107,796 to Cabbacis for cigarettes comprising blends of very-low-nicotine tobacco and hemp. “I am pleased that both types of our products are now patented in Canada which is one of our early target countries for commercialization,” said Joseph Pandolfino, Founder and President of Cabbacis. Primary applications of the company’s patented very-low-nicotine cigarettes and vaporizer pods in development comprising blends of very-low-nicotine tobacco and hemp are to assist smokers of conventional cigar

Global Energy Drinks Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 – ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)--The "Global Energy Drinks Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type, Product Type, Packaging Type, End-User, Flavor, Distribution Channel, and Major Regions" report has been added to ResearchAndMarkets.com's offering. Global Energy Drinks Market is expected to record a positive CAGR of ~8% and is expected to reach nearly US$ 80 billion by 2028, owing to the growing demand for potential energy booster products like energy drinks which also improves physical and cognitive performance. Adoption of a healthy lifestyle and growing demand for energy drinks for mental alertness are some of the factors driving the market growth. The increase in health-conscious consumers coupled with lifestyle changes, eating and drinking patterns, and taste preferences are anticipated to augment the growth of the Global Energy Drinks Market. The surge in demand for a variety of flavor energy drinks that are sugar-free and calorie-free and inc

PureTech Provides End of Year Report on Key Progress

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BOSTON--(BUSINESS WIRE)--PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) (“PureTech” or the “Company”), a clinical-stage biotherapeutics company dedicated to changing the treatment paradigm for devastating diseases, today reported on the key progress made across its Wholly Owned Programs1 and Founded Entities2 in 2022. Daphne Zohar, Founder and Chief Executive Officer of PureTech, commented: “2022 has been a particularly successful and productive year in both crystallizing value and shaping the future of PureTech. Our primary focus is to progress our Wholly Owned Pipeline to commercialization and deliver new classes of medicines for patients with serious, debilitating conditions. We are advancing toward this goal by deepening our commitment to programs with compelling clinical data that are moving into late-stage studies and that we believe have the potential for broad impact. “Over the next 12 months, we anticipate multiple important catalysts that will further guide how we prioritize o

Movers Buddy Reports Affordable Suburbs To Move To If You Want To Save On Rent In Melbourne And Sydney

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MELBOURNE, Australia--(BUSINESS WIRE)--As rents continue to soar, Australian families are struggling more than ever before to find affordable housing. When asked about the trend of moving to less expensive areas, Movers Buddy Head of Operations Ethan Davis says that "With the rise in living costs, people are looking for ways to stretch their dollars, and moving to a more affordable suburb is high on the priority list. When you have a family, you need space," he says. "Even if it's just one bedroom more, it makes a difference for families." Ethan suggests you consider bundling your moving needs when booking a removalists Sydney or movers Melbourne and see if you can get a discount on utilities, cleaning, moving, and packing supplies. Movers Buddy gives over 20% discount when bundling services. Since the beginning of this year, according to CoreLogic's latest quarterly rental review, rents in Australia have increased by an average of 10% nationally. As stated

BIPOC In Cannabis: A Sit Down with HerbloCo. Founders & Partners

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By Veronica Castillo The latest census data release states that there are 3.12 million Black-owned businesses in the United States. Other data confirms that Black women are the fastest growing demographic of business owners in the United States, with almost 2.7 million businesses. In the cannabis industry, the numbers show that Black people account for Read the full article... http://dlvr.it/SfNCxW

Hebrew University Announces Groundbreaking Medical Cannabis Course for Healthcare Professionals

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Pioneering Medical Cannabis Experts Will Focus on the Therapeutic Role of Medical Cannabis in Patient Health ISRAEL: The Hebrew University of Jerusalem (HU), a world leader in cannabis research and development, is launching a 13-session medical cannabis course to better educate doctors, nurses, pharmacists and other medical professionals about new cannabinoid treatments, practices, and the Read the full article... http://dlvr.it/SfMrSl

Virpax Pharmaceuticals Reports on FDA Pre-IND Response for NobrXiol™ (formerly VRP324)

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BERWYN, Pa.--(BUSINESS WIRE)--Virpax® Pharmaceuticals, Inc. (“Virpax” or the “Company”) (NASDAQ: VRPX), a company specializing in developing non-addictive products for pain management, post-traumatic stress disorder, central nervous system (CNS) disorders and viral barrier indications, today announced that it has received pre-Investigational New Drug (PIND) application guidance from the U.S. Food and Drug Administration (FDA) for NobrXiol™, the Company’s product candidate for the delivery of cannabidiol in the management of epilepsy in children and adults. NobrXiol utilizes the Nanomerics Molecular Envelope Technology (MET) as its delivery system to cross the blood brain barrier, propelling the cannabidiol nanoparticles through the nose to the brain via the olfactory nerve. The main purpose of a pre-IND submission is to obtain FDA guidance on the overall development plan for a new drug and to identify any need for further data prior to submitting the IND. “ http://dlvr.it/SfMMs1

2022 Techtextil Innovation Award Winners Reflect Growing Pressure to Achieve Circularity – ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)--The "Editorial: 2022 Techtextil Innovation Award Winners Reflect Growing Pressure to Achieve Circularity" report from Textiles Intelligence Ltd. has been added to ResearchAndMarkets.com's offering. There was a heavy emphasis on sustainability at the 2022 edition of Techtextil, held in Frankfurt, Germany, during June 2022 - and this was reflected in the innovations presented by the nine winners of the 2022 Techtextil Innovation Awards. At the same time, the winners proposed new uses to which technical textiles can be put in order to solve a variety of societal challenges. Researchers at the Institute of Textile Machinery and High Performance Material (ITM) at Technische Universitat Dresden (TU Dresden - Technical University of Dresden) presented the world's first seamless woven heart valve, and RBX Creations presented a new fibre based on a novel process for extracting cellulose from oilseed hemp waste. FibreCoat presented a new aluminium coate

High Tide Enters New Vertical in the United States With Launch of Cannabis Seeds

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CALGARY, Alberta--(BUSINESS WIRE)--High Tide Inc. (“High Tide” or the “Company”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that it has begun selling cannabis seeds in the United States, initially through its wholly owned subsidiaries Grasscity and Smoke Cartel, which are the two most popular e-commerce platforms for consumption accessories in the world.2 The Company plans to expand seed sales to additional online retail platforms within its portfolio in 2023.3 This launch comes on the heels of the American Drug Enforcement Agency’s recent official determination that cannabis seeds fall under the legal definition of hemp and can therefore be sold openly in the United States. “With our entry into this new and exciting complementary vertical, we continue to extend and strengthen our integrated value chain, providing our customers with a complete cannabis experience, in addi

Global Natural Fiber Reinforced Composites Market Report 2022: Moves towards Sustainability Across Industries Fueling Growth – ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)--The "Global Natural Fiber Reinforced Composites Market Size, Segments, Outlook, and Revenue Forecast 2022-2030 by Fiber Type, Polymer, End-user Industry, and Region" report has been added to ResearchAndMarkets.com's offering. Natural fiber composites (NFCs) are a type of composite material in which the reinforcing fibers are generated from renewable and carbon dioxide-neutral fiber types like plants or wood. According to this analysis, the natural fiber reinforced composites market is expected to record a positive CAGR of over 9% during the forecast period (2022-2030) and is expected to reach approximately US$ 12 billion by 2030, owing to their greener nature and contribution to sustainable practice. Natural fibers have garnered significant interest from industry players and researchers for the utilization of polymer composites. To better balance environmental concerns with social and economic issues, some sectors have transitioned toward sustaina

Global Industrial Hemp Market Report 2022: Growing Use of Hemp Seed and Hemp Seed Oil in Food Applications Fuels Sector – ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)--The "Global Industrial Hemp Market by Type (Hemp Seed, Hemp Seed Oil, CBD Hemp Oil, Hemp Bast, Hemp Hurd), Source (Conventional, Organic), Application (Food & Beverages Pharmaceuticals, Textiles, Personal Care Products) and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. According to the publisher, the global industrial hemp market size is estimated to be valued at USD 6.8 billion in 2022 and is projected to reach USD 18.1 billion by 2027, recording a CAGR of 21.6% in terms of value. Industrial hemp is defined as the plant Cannabis sativa L. and any part of such plant, whether growing or not, with a delta-9-tetrahydrocannabinol (THC) concentration of not more than 0.3% on a dry weight basis. As industrial hemp contains less than 0.3% tetrahydrocannabinol (THC), it has a wide range of applications in the textile, food, and beverage, construction, animal care, personal care, pharmaceutical, paint, lubricant

Cubic Transportation Systems Opens New Global Engineering Centre in Perth CBD

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SAN DIEGO--(BUSINESS WIRE)--Cubic Transportation Systems (CTS), a division of Cubic Corporation, has officially opened the new Global Software Engineering Centre in Perth, Australia. CTS President Jeff Lowinger and Senior Vice President of Product and Engineering Galen Chui were in attendance to welcome the team to the new location. Over the past several years, CTS has expanded its presence in the Western Australian capital and now employs more than 60 highly skilled people who play an integral part in the business's global success. "It's an exciting day for our Perth team as they move into their new CBD location with more space and room to grow as we support our customers from Queensland to San Francisco and London," Lowinger said. "As a global business, it's important that we find the best people to enable our customers to succeed, and our team in Perth is no exception. In October this year, we announced that New Zealand had chosen Cubic to provide the nati

Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Officers and Directors of NewAge, Inc. (NBEVQ)

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SAN DIEGO--(BUSINESS WIRE)--The Class: Robbins LLP informs investors that a shareholder filed a class action on behalf of all investors who purchased NewAge, Inc. (OTC: NBEVQ) securities between January 18, 2018 and October 18, 2022, for violations of the Securities Exchange Act of 1934. NewAge purports to produce and sell various beverages and other health products. What Now: Similarly situated shareholders may be eligible to participate in the class action against the officers and directors of NewAge. Shareholders who want to act as lead plaintiff for the class must file their papers by February 6, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. For more information, click here. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. What is this Case About: The Officers and Directors of NewAge, Inc. (NBEVQ) Ca

Columbia Care Releases First Corporate Social Responsibility Report

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NEW YORK--(BUSINESS WIRE)--Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”), one of the largest and most experienced cultivators, manufacturers and providers of cannabis products in the U.S., announced it has released its first-ever Corporate Social Responsibility (CSR) report, Cultivate Impact. The report, which reflects on the past year, highlights local, national and industry initiatives that have made a positive impact specific to the Company’s focus areas: opportunity, inclusion, access and sustainability. “It is our responsibility as an industry leader to create a mission-driven framework for our company and demonstrate what cannabis and its workforce can do for the world. This report just scratches the surface of how we have strived to do just that,” said Nicholas Vita, CEO and Co-founder, Columbia Care. “I am so proud of the tremendous work our teams have put in across the country to make a difference not only in the cannab

Organigram Wins KIND Magazine’s Cannabis Company of the Year Award and Most Innovative Product of the Year for Edison JOLTS

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TORONTO--(BUSINESS WIRE)--Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of a leading licensed producer of cannabis (the “Company” or “Organigram”), is pleased to announce it has won KIND Magazine’s (“KIND”) Cannabis Company of the Year award. Considered KIND’s marquee award, Cannabis Company of the Year is presented to the licensed producer that the KIND editorial team believes demonstrates the best combination of people, purpose and product in a given year. “We are very proud to be recognized by KIND Magazine,” says Beena Goldenberg, CEO, Organigram. “The Cannabis Company of the Year award is particularly special because it not only acknowledges Organigram as a top performing licensed producer, but also celebrates the high-quality of our talented employees from coast-to-coast. Likewise, the award is unique as it considers ‘purpose’, recognizing Organigram’s commitment to doing good in the communities we serve.” In addition to the Cannabis Company of the Year aw

Columbia Care Opens Sixth Dispensary in Virginia

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NEW YORK--(BUSINESS WIRE)--Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”), one of the largest and most experienced cultivators, manufacturers and providers of cannabis products in the U.S., announced it has opened Cannabist Williamsburg on 409 Bypass Road, the Company’s sixth of 12 planned dispensaries in Virginia and 85th active dispensary nationwide. “As Virginia’s medical market continues to grow, we are proud to make another location option available for patients,” said Jesse Channon, Chief Growth Officer, Columbia Care. “We specifically designed the Cannabist retail model to engage patients wherever they might be in their cannabis journey and offer a less intimidating experience from the moment they walk in the door. Virginia has been such a welcoming state for us, and we are incredibly grateful for the support from local legislators, patients and the Board of Pharmacy.” Cannabist Williamsburg offers a variety of Columbia Ca

EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages NewAge, Inc. Investors to Inquire About Securities Class Action Investigation – NBEVQ, NBEV

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NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of NewAge, Inc. (OTC: NBEVQ) (NASDAQ: NBEV) resulting from allegations that NewAge may have issued materially misleading business information to the investing public. SO WHAT: If you purchased NewAge securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=10143 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. WHAT IS THIS ABOUT: On October 18, 2022, the SEC announced that it was taking legal action against NewAge’s former Chief Executive Officer (“CEO”), Brent Willi

ADDING MULTIMEDIA MyMD Pharmaceuticals® to Present Data on Oral TNF-a Inhibitor MYMD-1® at the British Society for Immunology (BSI) Congress 2022

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BALTIMORE--(BUSINESS WIRE)--MyMD Pharmaceuticals, Inc.® (Nasdaq: MYMD) (“MyMD” or “the Company”), a clinical stage biopharmaceutical company developing groundbreaking therapies for the treatment of serious and debilitating autoimmune and inflammatory diseases, is presenting data today at the 2022 British Society for Immunology (BSI) Congress in Liverpool, England. Results from preclinical and clinical studies showed that MYMD-1 was safe and well-tolerated in healthy subjects and significantly reduced inflammation in a mouse model compared to the widely used arthritis treatment etanercept (Enbrel®). These findings support the continued evaluation of MYMD-1® for autoimmune and inflammatory disorders. The studies were designed to investigate the safety and pharmacology profile of MYMD-1. In a preclinical study, repeat oral administration to mice in a collagen antibody induced arthritis (CAIA) model at 450 mg/kg/day significantly reduced the clinical score and paw swelling when compared to

MyMD Pharmaceuticals® to Present Data on Oral TNF-a Inhibitor MYMD-1® at the British Society for Immunology (BSI) Congress 2022

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BALTIMORE--(BUSINESS WIRE)--MyMD Pharmaceuticals, Inc.® (Nasdaq: MYMD) (“MyMD” or “the Company”), a clinical stage biopharmaceutical company developing groundbreaking therapies for the treatment of serious and debilitating autoimmune and inflammatory diseases, is presenting data today at the 2022 British Society for Immunology (BSI) Congress in Liverpool, England. Results from preclinical and clinical studies showed that MYMD-1 was safe and well-tolerated in healthy subjects and significantly reduced inflammation in a mouse model compared to the widely used arthritis treatment etanercept (Enbrel®). These findings support the continued evaluation of MYMD-1® for autoimmune and inflammatory disorders. The studies were designed to investigate the safety and pharmacology profile of MYMD-1. In a preclinical study, repeat oral administration to mice in a collagen antibody induced arthritis (CAIA) model at 450 mg/kg/day significantly reduced the clinical score and paw swelling when compared to

Neil Kiely named Swisher President & CEO

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JACKSONVILLE, Fla.--(BUSINESS WIRE)--The Board of Directors of Swisher has announced two appointments to its Executive Leadership Team. Neil Kiely was named President & CEO after serving the past year as President. Additionally, Jeffrey Brown has taken the position of Executive Vice President of Swisher Sales. Brown was previously the General Manager of E-Alternative Solutions, LLC (EAS), a sister company of Swisher. As President & CEO, Kiely leads the strategic growth, transformation, and diversification of Swisher’s robust portfolio of products for adult consumers in a variety of lifestyle categories, bringing over three decades of experience growing and transforming consumer packaged goods (CPG) companies. Kiely has rapidly set the strategic framework for Swisher’s transformation into new categories, emerging channels, and the e-commerce space. One of Kiely’s first moves as President & CEO was to tap Brown, who brings more than 37 years of industry and leadership experie