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Showing posts from January, 2023

Aelis Farma Announces its 2023 Financial Calendar

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BORDEAUX, France--(BUSINESS WIRE)--Regulatory News: Aelis Farma (ISIN: FR0014007ZB4 – Ticker: AELIS, PEA-PME eligible) (Paris: AELIS), a clinical-stage biopharmaceutical company specializing in the development of treatments for brain diseases, today announces its indicative financial calendar for the financial year 2023. Event Date of release* 2022 Annual Results Monday, April 3, 2023 Annual General Meeting Wednesday, May 24, 2023 2023 Half-Year Results Monday, September 25, 2023 (*) The press releases will be issued after the close of trading. Information may be subject to change. About AELIS FARMA Founded in 2013, Aelis Farma is a biopharmaceutical company that is developing a new class of drugs, the Signaling Specific inhibitors of the CB1 receptor of the endocannabinoid system (CB1-SSi). These new molecular entities hold great potential in the treatment of many brain diseases. CB1-SSi were developed by Aelis Farma on the basis of the discovery of a new natural defense mechanism of

Virpax Pharmaceuticals Engages New England Investors to Direct Licensing Strategy for Envelta™ in China

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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, and central nervous system (CNS) disorders, today announced that the Company has engaged New England Investors, LLC to serve as the out-licensing advisor for Envelta in the People’s Republic of China. Envelta is Virpax’s non-opioid pain product candidate for acute and chronic pain including non-cancer pain. “ http://dlvr.it/ShkVCd

Gibraltar to Record Fourth Quarter 2022 Charge for Processing Business Write-Down

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BUFFALO, N.Y.--(BUSINESS WIRE)--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today announced it will record a fourth quarter 2022 non-cash charge estimated to be $14 million, or $0.35 per share, to write down assets associated with its processing equipment business, which was classified as held for sale as of March 31, 2022, to estimated fair market value. As a result, the Company now expects GAAP earnings per share for the year ended December 31, 2022 to be in the range of $2.50 to $2.60, down from the prior estimated range of $2.90 to $3.00. The revenue range of $1.38 billion to $1.43 billion and adjusted EPS range of $3.30 to $3.40 for the year ended December 31, 2022 are unaffected by the write-down. Chairman and CEO Bill Bosway stated, “The depressed dynamics of the cannabis and hemp processing equipment market led us to pursue a divestiture of these

POSaBIT to Acquire MJ Platform, Leaf Data Systems and Ample Organics for US$4 Million Adding 350+ Merchants and More than US$2 Billion in GMV

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POSaBIT secures up to $11 million in debt and equity financing Conference Call Monday at 4:30 p.m. ET WASHINGTON: POSaBIT Systems Corporation, a leading provider of payments infrastructure in the cannabis industry, today announced it has signed a definitive agreement to acquire MJ Platform, Leaf Data Systems and Ample Organics from Akerna Corp. for US$4 Read the full article... http://dlvr.it/ShXqvq

Global Cellulose Fibers Market Report 2022 to 2027: Industry Trends, Share, Size, Growth, Opportunity and Forecasts – ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)--The "Cellulose Fibers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global cellulose fibers market size reached US$ 27.6 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 45.6 Billion by 2027, exhibiting a CAGR of 8.73% during 2021-2027. Companies Mentioned CFF GmbH & Co. KG China Bambro Textile (Group) Co. Ltd. Daicel Corporation Eastman Chemical Company Fulida Group Holdings Co. Ltd. Grasim Industries Ltd. Kelheim Fibres Lenzing AG Sateri Holdings Ltd. Shandong Helon Textiles Sci. & Tech. Co. Ltd. Tangshan Sanyou Xingda Chemical Fiber Co. Ltd. Zhejiang Fulida Co. Ltd. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic end use industries. These insights are included in the report as a major market contrib

Switzerland Cannabis Markets Report 2023: Comprehensive Guide to the Size and Shape of this Emerging Market – Forecasts to 2027 – ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)--The "Cannabis in Switzerland" report has been added to ResearchAndMarkets.com's offering. The Cannabis in Switzerland market report offers a comprehensive guide to the size and shape of this emerging market opportunity at a national level. It provides the latest retail sales data (historic date range), allowing you to identify the key cannabinoid categories driving growth. Following the current liberalisation of medical cannabis, the trend towards liberalisation of adult-use cannabis is also expected over the forecast period. The consumption of products bought on the black market carries the risk of containing dangerous harmful substances or synthetic cannabinoids. For this reason, Swiss authorities will likely seek a compromise between prohibition and absolute legalisation of cannabis. It outlines the regulatory, cultural and commercial context and offers strategic analysis of key factors influencing the market - legislative developments both cur

Innovative Cannabis Brand Escape Artists Expands Into Michigan, Debuts Pharmaceutical-Grade Topicals

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KALKASKA, Mich.--(BUSINESS WIRE)--Colorado-based cannabis brand Escape Artists, a top-selling maker of infused topicals for pain relief and recovery, today announced its expansion into the Michigan market through a partnership with 42 Degrees Processing (d/b/a Fresh Coast Extracts). Escape Artists’ award-winning line of THC+CBD dermal topical creams—containing penetration-enhancing ingredients and featuring a smooth, luxurious feel—will be formulated with THC sourced from locally trusted Michigan purveyors. “With superior performance in the Colorado market, the entire 42 Degrees team is elated to offer Escape Artists’ famed products to Michigan consumers,” said 42 Degrees’ COO, Elliot Swift, which operates a 20,000-square-foot product manufacturing, licensing and distribution facility in the Traverse City micropolitan area. Escape Artists’ pharmaceutical-grade, water soluble creams are formulated with carefully selected ingredients and ultra-bioavailable cannabis extracts that enhance

North America Legal Cannabis Market Report 2022: Featuring 22nd Century, Medical Marijuana Inc, Arena Pharmaceuticals & More – ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)--The "North America Legal Cannabis Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The North America legal cannabis market size reached US$ 20.5 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 111.9 Billion by 2027, exhibiting a CAGR of 32.69% during 2021-2027. In the United States, marijuana has been legalized in 30 states for medicinal use and in 9 states for both therapeutic as well as recreational purposes. In Canada, medicinal usage of the drug has been legalized since 2001; however, its recreational use has been authorized through a bill passed in June 2018. This modification in the regulatory landscape has led to an increase in the usage of medical cannabis for treating several diseases associated with changing lifestyles such as chronic pain, depression, post-traumatic stress disorder, social anxiety, cancer, multipl

Cannabis Packaging Global Market Outlook Report 2023-2027 Featuring Major Players – Cannaline Cannabis Packaging Solutions, Diamond Packaging, Drug Plastics Group, Dymapak and KushCo – ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)--The "Cannabis Packaging: Global Market Outlook" report has been added to ResearchAndMarkets.com's offering. This report provides a comprehensive analysis of cannabis packaging based on three categories: material, cannabis form, and region. The materials are segmented into major types: plastic, paper and paperboard, glass, metal, and others. A detailed estimate and forecast of the global market by cannabis form are provided as dry cannabis, concentrates, edibles, and others. Cannabis is now broadly recognized and used for its medical benefits. People consume seed oil, flowers, leaves, and other parts of the cannabis plant for medicinal and recreational purposes. Rising demand for medical cannabis in markets where cannabis consumption is legal is a major factor driving the cannabis packaging market growth. In the U.S., cannabis is used to produce various medications; for instance, in 2018, the Food and Drug Administration (FDA) approved a medication

Washington Social Equity Retail License Application Window Opens Mar. 1, 2023

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WASHINGTON: The Liquor and Cannabis Board (LCB) will open the application window for at least 44 social equity retail cannabis licenses Mar.1, 2023. The 30-day application window closes Mar. 30, 2023 at 5:00 p.m. The LCB has held in reserve 44 retail licenses that were forfeited, cancelled, revoked or never issued that will be available Read the full article... http://dlvr.it/Sh7m2H

2022 Heimtextil Report: Trends, Developments and Innovations in Home Textiles – ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)--The "Heimtextil 2022: Trends, Developments and Innovations in Home Textiles" report from Textiles Intelligence Ltd. has been added to ResearchAndMarkets.com's offering. The 2022 edition of Heimtextil - the world's largest international trade fair for home and contract textiles - was held in a positive spirit, despite economic and political uncertainties affecting the textile industry. The fair was the first Heimtextil to be held since 2020 and it represented a return to business as usual following the cancellation of the 2021 edition of the fair in response to the COVID-19 pandemic. One highlight of the 2022 edition of the fair was the Trend Space, which was dedicated to the presentation of design trends in architecture, art, fashion and interior design for 2022/23. Another highlight was a lecture called Future Materials Library which showcased environmentally sustainable materials and innovations produced by companies which share a goal to tr

International Cannabis Brand Cookies Expands Global Footprint with its First Asia-Based Dispensary in Thailand

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BANGKOK--(BUSINESS WIRE)--International cannabis brand Cookies today announced its entrance into Thailand’s cannabis marketplace with the opening of its first dispensary in the region on Saturday, Jan. 21. Located in the internationally celebrated food, music, art and culture hub of Bangkok, the launch of Cookies Thailand marks a milestone for the brand as it enters its 6th country and becomes the 58th Cookies storefront worldwide. "The fact that my first time going to Asia is to open up a Cookies store is not something I could have ever imagined and really special," said Berner, Co-Founder and CEO of Cookies. "This store is beautiful and we are grateful for our partners on the ground in Thailand who helped make this possible. Thailand is an incredibly unique place full of incredible culture and opening up a Cookies store with the support of the country of Thailand, I am grateful for. I hope Bangkok is ready for an exclusive menu of fire genetics. I can't wait to ope

FOLLOWING THE COUNCIL OF STATE’S RULING, ONE OF CBD.FR’S CUSTOMERS WILL WIN THEIR OWN WEIGHT IN CBD FLOWERS

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PARIS--(BUSINESS WIRE)--On December 29, 2022, the Council of State announced the definitive authorization of the sale of CBD flowers in France. To celebrate the end of a protracted battle, CBD.fr will be offering one of its customers buying a product from its website, CBD.fr, between January 17 and April 20, 2023, the chance to win their own weight in CBD flowers. Following the purchase of CBD.fr in October 2022 by Phytocann Group and the reversal of the ban, CBD.fr can now devote itself fully to developing on national territory. Current leader in online CBD sales, with more than 500 products available, CBD.fr brings together the most well-known brands in France in varied areas such as: CBD oils, CBD flowers, CBD resins, CBD for animals, and more. At the same time, CBD.fr is developing its franchise network with the goal of opening 400 shops across France by 2026. Since January 1, 18 CBD Shops have already started opening. "This decision by the Council of State does a great deal t

BioHarvest Sciences CEO Ilan Sobel: Pioneering Plant Cell Biology for Cannabis.

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By David Rheins David Rheins: Welcome to another edition of Marijuana Channel One. It is my pleasure this morning to talk to the CEO of BioHarvest Sciences, Ilan Sobel.  Thank you for joining us today. Ilan Sobel: David, it is an absolute pleasure to be on your network and on your show. DR: So you Read the full article... http://dlvr.it/SgzJnQ

Addiction Disorders Drugs Market Report 2022: Increasing Prevalence of Addictive Substances Such as Alcohol, Tobacco, and Drugs Among All Age Groups Drives Growth – ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)--The "Addiction Disorders Drugs Market Research Report by Drug Type, Treatment, End-user, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering. The Global Addiction Disorders Drugs Market size was estimated at USD 22.55 billion in 2021, USD 23.95 billion in 2022, and is projected to grow at a CAGR of 6.35% to reach USD 32.65 billion by 2027. Market Statistics: The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period. Market Segmentation & Coverage: This research report categorizes the Addiction Disorders Drugs to forecast the re

Franklin Street Properties Corp. Declares Quarterly Dividend

WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE American: FSP) announced today that its Board of Directors declared a quarterly dividend of $0.01 per share of common stock for the period October 1, 2022 through December 31, 2022, payable on February 16, 2023 to stockholders of record as of January 27, 2023. This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may be important to investors in the Investor Relations section of our website. We encourage investors to consult that section of our website regularly for important information about us and, if they are interested in automatically receiving news and information as soon as it is posted, to sign up for E-mail Alerts. About Franklin Street Properties Corp. Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in t

OLCC Issues Recall of Cannabis Vape Products

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Cartridges contain prohibited additives OREGON: The Oregon Liquor and Cannabis Commission (OLCC) is issuing a recall for four vaping products produced by an OLCC licensed processor. The products were sold to recreational marijuana licensed retailers; the processor also sold the products to non-licensed (general market) retailers. The products do not conform to state standards regarding Read the full article... http://dlvr.it/SgpH81

Important Update for Washington Social Equity License Applicants: Maps Indicating “Disproportionately Impacted Areas” now online

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WASHINGTON: The Liquor and Cannabis Board (LCB) website now features maps showing Disproportionately Impacted Areas (DIA) in Washington State. These interactive maps are an essential tool for ensuring applicants have met one of the three qualifications for the social equity program. To qualify, each applicant must have at least a 51% majority ownership interest must Read the full article... http://dlvr.it/Sgp31f

Highway Cannabis Launches Flagship Store in Marina del Rey with Grand Opening Event to Feature All Day Music and Arts Festival

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CALIFORNIA: Highway Cannabis Company announced its flagship store in Marina del Rey, CA is open and is celebrating with a Grand Opening event for the community featuring music, art and food vendors open to the public and of legal age on Saturday, January 28th, 2023. “We are so excited to finally introduce the Highway Cannabis Read the full article... http://dlvr.it/SgnPDN

Organigram Reports Record First Quarter Fiscal 2023 Results

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TORONTO--(BUSINESS WIRE)--Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), (the “Company” or “Organigram”), a leading licensed producer of cannabis, announced its results for the first quarter ended November 30, 2022 (“Q1 Fiscal 2023”). All financial information in this press release is expressed in thousands of Canadian dollars ("$"), except for references to $ millions. “Our first quarter of fiscal 2023 demonstrates the success of our expansion at Moncton and continuing productivity improvements in fiscal 2022,” said Beena Goldenberg, Chief Executive Officer. “In the quarter, we achieved a record harvest and the lowest cost of cultivation in the history of the Company. We maintained our market position and are confident our disciplined approach to operations and innovation will drive further success in the rest of the year.” Select Key Financial Metrics (in $000s unless otherwise indicated) Q1-2023 Q1-2022 % Change Gross revenue 60,882 44,345 37 % Excise taxes (17,561) (1

High Tide Opens First Canna Cabana Store In Kamloops, British Columbia

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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 its Canna Cabana retail cannabis store located at 1055 Hillside Dr, Kamloops, British Columbia has begun selling recreational cannabis products and consumption accessories for adult use. This brings High Tide’s total number of branded Canna Cabana locations across Canada to 151, including 7 in British Columbia. This new store represents the first Canna Cabana in the city of Kamloops and is a 15-minute walk from Thompson Rivers University, with an on-campus student population of over 13,000 and a scenic 250-acre campus. The store is also at the base of several hiking trails, and it is located in a shopping complex anchored by a major discount grocer and retailer. Finally, this bricks-and-mortar location is a short drive from Aberdeen Mall, a hub

Uruguay CBD and Cannabis Regulation Report 2022: Uruguay is on a Path to Becoming of the Main Cannabis-exporting Countries in the World – ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)--The "Uruguay: CBD and Cannabis Regulation 2022" report has been added to ResearchAndMarkets.com's offering. This report provides a detailed overview of the regulatory framework in place in Uruguay for hemp, cannabis and CBD. Uruguay is on a path to becoming of the main cannabis-exporting countries in the world. The country is planning to boost its recreational cannabis market and attract tourism by allowing non-residents access to both recreational and medical cannabis. Changes are also expected with medical cannabis, with new regulation that could be passed by the end of the year. We could also see changes in CBD regulation with possible allowance for CBD to be used in foods. Key Topics Covered: 1 Executive summary 2 Outlook 3 Hemp and CBD 4 Extracts and synthetics as finished products 5 Finished products containing CBD and extracts 6 Import and export requirements 7 Minor cannabinoids 8 Medical cannabis 9 Recreational cannabis 10 Relevant laws 1

New Jersey Recreational Cannabis Sales Jump to +$100 Million in 2022 Third Quarter

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NEW JERSEY: Sales receipts on recreational cannabis in New Jersey for July 2022 to September 2022 totaled $116,572,533. With medicinal cannabis sales included, the total goes up to $177,710,764. There are now 20 dispensaries in New Jersey selling recreational cannabis; another 10 sell medicinal cannabis to registered patients only. “New Jersey is only seeing the Read the full article... http://dlvr.it/SgKkxt

United States New Franchise Concept Report (NCR) 2023 Featuring up to 300 Contact Leads for Brands Discussed – ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)--The "United States New Franchise Concept Report (NCR)" newsletter has been added to ResearchAndMarkets.com's offering. The United States New Franchise Concept Report is an annual subscription to quarterly reports that provides valuable insight into new franchise concepts added to the analyst's database. It is an invaluable sales and marketing tool for any company looking to target the franchise market long-term. The United States New Franchise Concept Report enables subscribers to: Build deeper long term relationships by securing long term relationships with brands in their early stages of growth Gain a competitive advantage, reach new up and coming concepts before other suppliers do Maximize your salespeople's time by enabling them to focus only on the best leads with the most potential to scale Enable your market messaging to resonate Finding new franchises with true potential can be challenging - new businesses are opening every day, bu

The Worldwide Hemp Clothing Industry is Expected to Reach $10.1 Billion by 2028: Low Cost of Hemp Fabric Drives Growth – ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)--The "Global Hemp Clothing Market Size, Share & Industry Trends Analysis Report By End User (Women, Men and Kids), By Type (Dress, Shirts, Pants, Coats & Jackets, Activewear, T-shirts), By Distribution Channel, By Regional Outlook and Forecast, 2022 - 2028" report has been added to ResearchAndMarkets.com's offering. The Global Hemp Clothing Market size is expected to reach $10.1 billion by 2028, rising at a market growth of 26.0% CAGR during the forecast period. Hemp fiber is produced from the Cannabis sativa plant, which is better known for producing marijuana or hashish. Nevertheless, hemp only has 1% THC, contrary to marijuana's 20% THC content, which is what causes consumers to feel high when they smoke it. Amazing characteristics of this fiber include exceptional dyeability, UV light blocking, mildew resistance, and inherent antibacterial properties. It effectively transfers heat as well. Some of the industries that use it include