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Over 14,200 Transactions Processed, Generating US$1.2 Million in Daily Sales TORONTO, April 21, 2021 (GLOBE NEWSWIRE) — Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr,” “Ayr Wellness,” “we,” “us,” “our,” or the “Company”), a vertically-integrated cannabis multi-state operator (MSO), celebrated the 420 Holiday with retail sales records across its six-state footprint. Nevada, Massachusetts and Pennsylvania […] READ MORE: https://www.newcannabisventures.com/ayr-wellness-celebrates-4-20-with-record-sales-2/ The post Ayr Wellness Celebrates 4/20 With Record Sales appeared first on Cannabis Daily.Powered by WPeMatico

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Valens can now ship products to five provinces and one territory in Canada KELOWNA, BC, April 21, 2021 /PRNewswire/ – The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the “Company,” “The Valens Company” or “Valens”), a leading manufacturer of cannabis products, today announced its entry into the Yukon market with a cannabis purchase and sale […] READ MORE: https://www.newcannabisventures.com/ayr-wellness-celebrates-4-20-with-record-sales/ The post The Valens Company Increases Domestic Reach with Distribution Agreement with Yukon Territory appeared first on Cannabis Daily.Powered by WPeMatico

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Dama Financial, the Leading Provider of Access to Banking and Financial Solutions for Cannabis Businesses, Announces the Completion of $12.6 Million Growth Equity Raise Dama will leverage the new round of investment to accelerate its already impressive growth, continue to address the lack of financial service products being offered to the cannabis industry, recruit top […] READ MORE: https://www.newcannabisventures.com/dama-financial-raises-12-6-million-to-expand-financial-solutions-offerings-to-cannabis-operators/ The post Dama Financial Raises $12.6 Million to Expand Financial Solutions Offerings to Cannabis Operators appeared first on Cannabis Daily.Powered by WPeMatico

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Benzinga’s Cannabis Insider is a live daily show for cannabis investors. On Tuesday’s show, hosts Elliot and Patrick Lane discussed recent news in the cannabis industry. Hosts also had time to look into the following publicly-traded companies: High Tide Inc (OTC: HITIF) Sundial Growers Inc (NASDAQ: SNDL) Fire & Flower Holdings Corp (OTC: FFLWF) Red White …Full story available on Benzinga.comPowered by WPeMatico

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A study that was carried out recently found that in 2020 the state of Illinois generated $175 million in cannabis sales tax, which is the fifth-highest amount in the country. This amount makes up 0.4% of the state’s total 2020 revenue. At the moment, 16 states across the nation have now fully legalized cannabis, with 11 of these imposing retail sales taxes on cannabis and cannabis products. The study, which was released by the U.S. Drug Test Centers, also found that youth and adult usage of cannabis grew in the past year. The state of Illinois had initially awarded 75…

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XPhyto Therapeutics (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) today announced its entry into an agreement with an established German pharmaceutical wholesaler and service provider for the distribution, storage and logistics of XPhyto’s diagnostic products in Germany. According to the update, the agreement secures XPhyto a full-service distribution partner for its 25-minute SARS-CoV-2 (COVID-19) RT-PCR test system (“Covid-ID Lab”). “With this agreement, we have secured a strong partner with an established medical distribution network throughout Germany. This is an exciting and critical step towards commercial sales of Covid-ID Lab,” said Hugh Rogers, CEO and director of XPhyto. “The company’s commercialization strategy…

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The cannabis space is constantly evolving, moving forward, innovating. But luxury pre-roll brand Herbal Goods Co. hopes to achieve the opposite, making a long-held regional consumption method a popular option among today’s luxury cannabis consumers. With over 100,000 cones sold so far, co-founder Oscar Bonilla Jr. believes the company is on its way. A Pre-Med Son Of Immigrants Turns To Cannabis: Bonilla wasn’t meant to be in cannabis — that is, if you ask his El Salvadoran immigrant parents. Despite their wishes, in 2013, the seeds for Bonilla’s market entrance were planted. Bonilla and co-founder and partner Jess Freeman took a trip to…

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GAINERS: Wize Pharma (OTC: WIZP) shares closed up 19.1% at $0.83 iAnthus Capital Hldgs (OTC: ITHUF) shares closed up 16.22% at $0.21 Tetra Bio Pharma (OTC: TBPMF) shares closed up 16.1% at $0.17 Zynerba Pharmaceuticals (NASDAQ: ZYNE) shares closed up 15.14% at $4.41 Grindrod Shipping Hldgs (NASDAQ: GRIN) shares closed up 14.42% at $8.25 MGC Pharmaceuticals (OTC: MGCLF) shares closed up 11.11% at $0.05 ReneSola (NYSE: SOL) shares closed up 10.13% at $9.46 HEXO (NYSE: HEXO) shares closed up 9.1% at $5.70 OrganiGram Holdings (NASDAQ: OGI) shares closed up 8.97% at $2.55 Khiron Life Sciences (OTC: KHRNF) shares closed up 8.38% at $0.41 Flower One Hldgs (OTC: FLOOF) shares closed up…

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The U.S. House of Representatives voted for the Secure and Fair Enforcement Banking Act on Monday for the fourth time. The bill aimed at enabling banks to provide its services to state-legal cannabis businesses never before passed to the Senate floor. And Cantor Fitzgerald’s analyst Pablo Zuanic doesn’t see the bill reaching a Senate vote either, as leading Democrats there are pushing for broader reform, and not for “isolated federal level changes” for the industry. Back in March, Senate Majority Leader Chuck Schumer held a short conference with Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ)…

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