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A psychedelic medicine biotech company, Mind Medicine Inc. (NEO: MMED) (OTCQB: MMEDF) (DE: MMQ), released full-year 2020 financial results Tuesday.  MindMed posted a net and comprehensive loss of $35.1 million for the year ended Dec. 31, 2020. Its total assets at the end of the reporting period were $85.6 million, counting $80.1 million in cash. The company used $24.2 million of net cash in operating activities in 2020. Its cash …Full story available on Benzinga.com

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Kansas House Passes Medical Cannabis Legalization Bill, Sends It For A Floor Vote After many meetings held to review a plethora of amendments to a medical cannabis legalization bill, a Kansas House Committee passed the overall measure on Monday in a 13 to 8 vote, writes Marijuana Moment. After the House’s approval, the bill is now going to a floor vote. Separately, lawmakers in the Sunflower State voted for a procedural motion to include the measure’s language into an unrelated Senate proposal to accelerate its discussion in the two chambers, reports the outlet.   The original bill was introduced in…

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Emotional Intelligence Ventures, a company dedicated to research and production of botanical psychedelics, announced a public stock offering using the Reg A+ Framework. The company received qualification from the Securities and Exchange Commission to launch a Regulation A+ Tier 2 offering, which allows retail investors and the general public (and not just institutional and accredited investors) to take positions in the company before a public listing. EI Ventures is also releasing an offering of $15 million in Canada, where it plans to RTO in the near future, listing in Toronto’s NEO exchange. A Botanical Approach Ei. Ventures’ main differentiator in…

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As the marijuana industry heats up with the hope of decriminalization, market leaders are seizing opportunities. Cannabis media outlet The Fresh Toast announced this week that it is expanding its relationship with Tribune Publishing, creating new shared revenue streams for the company, and providing diversity in income outside of traditional advertising and events. “We have a promising content relationship with The Fresh Toast, and we are excited about expanding our efforts with them,” says Colin McMahon, chief …Full story available on Benzinga.com

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