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Gilla Inc (OTCMKTS:GLLA) Enters Into a Distribution Accord with MAQ Distributors Ltd for Distribution of Crown E-liquid

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Gilla Inc (OTCMKTS:GLLA) has signed an accord with MAQ Distributors Ltd. (MAQ) As per the terms of the accord, MAQ Distributors Ltd will distribute the products of Gilla such as Crown E-Liquid, the disruptive house juice brand, to the retail clients in Saskatchewan and Manitoba.

MAQ’s Mr. Sturrey said partnering with Gilla has allowed the company to quickly expand the product offerings to rapidly changing marketplace. The company is now able to deliver the good quality vapor products to its clients with the help of world class and dedicated team of Gilla.

Chief Executive Officer and Chairman of Gilla, Mr. Graham Simmonds said the company is able to meet the growing needs of its clients by quickly providing turn-key vapor solutions. The company has extended its Crown E-liquid brand when MAQ is looking to service the distribution network. Gilla plans to unveil additional brands in the near future in alliance with MAQ.

Gilla Decides to Spin-off Cannabis Related Business Into Separate Entity

Gilla has decided to spin-off Cannabis related business into a separate entity to its shareholders. Following the spin-off, there will be two public companies, which will benefit from capital allocation priorities and corporate strategies.

The company has set a 60 days time frame to complete the spin-off. Gilla will make use of its subsidiary based in Ontario, Hystyle Brands Inc to complete the transaction. The spin-off is subject to form – 10 filing and review of the US SEC.

HYSTYLE subsidiary has been established by Gilla to hold the cannabis-related intellectual property and brands. Gilla produces and distributes CBD products (derived from hemp) under the brand vapor enriched brand with the help of Hystyle. The company sells CBD products in some parts of the EU and in the US.

Hystyle also sells cannabis products under the Spectrum Concentrates brand through licensing accord with recreational cannabis market in Colorado.

Brief Information about Gilla Inc

Gilla Inc is engaged in the production, sales, and distribution of e-liquids that finds wide usage in vaporizers. The company also develops cannabis concentrate solutions and vapor for use in pure crystalline, high-terpene vape oils, and high-performance vape pens.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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Planet 13 Holdings Inc (OTCMKTS: PLNHF) Announces Purchase of License to Operate as a Medical Marijuana Treatment Center

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Planet 13 Holdings Inc (OTCMKTS: PLNHF) has announced that it has finished the purchase of a $55 million license from the Florida Department of Health through Planet 13 Florida Inc, its subsidiary, that allows it to operate as a Medical Marijuana Treatment Center (MMTC) in the state. The company made the payment in cash.

Only MMTCs are permitted to supply to caregivers and qualifies patients

According to the Co-CEO of Planet 13, Robert Groesbeck, Planet 13 will place its attention on a few top-performing stores that are designed based on its Medizine dispensary. It will also focus on cultivating and manufacturing its top products in the state to introduce them to Florida. Planet 13 will also open its Superstores in highly populated areas in Florida as soon as the state makes adult cannabis legal in Florida.

MMTCs are the only businesses in the state that can supply qualified patients and caregivers with medical marijuana. These businesses focus on the cultivation, production, transport, and sale of medical marijuana.

By September 24, 2021, only 22 companies in Florida had MMTC licenses and had 370 locations in the state.  These companies have no limit on the size and number of cultivation facilities or dispensaries they can open.

Services offered by Planet 13

Planet 13, which started on April 26, 2002, has headquarters in Las Vegas. It holds more than six cannabis licenses which allow it to focus on the cultivation, production, and operation of dispensaries in Las Vegas. It also operates dispensaries in Orange County, California.

Planet 13 owns Superstore, which sells Medizine, one of its brands, and its product lines. The Planet 13 Superstore sells cannabis products in various forms such as concentrates, pre-rolls, edibles, and vapes. Other Planet 13 brands include Leaf & Vine and TRENDI. With Medizine alone, the company hopes to produce more award-winning products. Plant genetics for Medizine are hand-selected from Chloe, another award-winning strain.

The company aims to run high-end dispensaries and sell their products in their stores and to through third parties via wholesale. It is so far the most prominent entertainment complex and cannabis superstore in the world.

Planet 13 also owns Trece, which is a Mexican themed restaurant.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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Trulieve Cannabis Corp (OTCMKTS: TCNNF) Announces Acquisition of Harvest Health & Recreation Inc (OTCMKTS: HRVSF)

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Trulieve Cannabis Corp (OTCMKTS: TCNNF) has announced that it has acquired all the outstanding and issued shares, super-voting shares and multiple voting shares on Harvest Health & Recreation Inc (OTCMKTS: HRVSF).

The company has announced that the acquisition will increase sales in its markets as it creates the biggest cannabis operator in the U.S through the combination of their cultivation and retail expertise.

According to the CEO of Trulieve, Kim Rivers,  the acquisition is a milestone for the company, which is a leading cannabis company in the U.S for adult and medical use cannabis. The move will allow Trulieve to grow further. The companies will also integrate further to make them a leading brand in the cannabis industry.

The CEO of Harvest, Steve White, adds that bringing together companies with vast expertise will grow in the coming years. Trulieve’s focus on providing quality products for its customers also goes hand in hand with Harvest’s desire to improve lives through cannabis.

Details of the transaction

The companies did the transaction per the Business Corporations Act. To complete the transaction, Trulieve issued a total of 50,874,175 of its shares.

Harvest shareholders will receive 0.1170 of subordinate voting shares from Trulieve for every Harvest subordinate voting share. The Canadian Securities Exchange will delist Harvest. It will also no longer have reporting obligations and will stop being a reporting issuer.

Benefits of the acquisition 

The acquisition comes with some benefits for the company, such as extending its product and brand portfolio.  Trulieve’s will add products from Harvest brands such as Roll One and Alchemy to its portfolio. It also brings together two different businesses that have vast experience and success in the cannabis industry.

The move will also improve Trulieve’s balance sheets by bringing together its $289 million and Harvests $71 million. This amount increased after Trulieve announced a $350 million debt financing and the $55 million in proceeds Harvest got from selling its Florida license.

Trulieve is a leading cannabis company with operations in 11 U.S states. It is a top performer in Pennsylvania, Florida, and Arizona. It also has operations in Massachusetts, Connecticut, West Virginia, and California. It runs about 100 dispensaries, 90 of which are in Florida.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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Cresco Labs Inc (OTCMKTS: CRLBF) Announces Plans to Exit Third-party Distribution for Other Cannabis Companies

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Cresco Labs Inc (OTCMKTS: CRLBF) announced that it would exit any agreement where it exclusively serves as a third-party distributor for other branded cannabis products in California. This move is per the company’s plan to distribute its cannabis brands and increase profitability in California.

California has played a significant role in the success of Cresco Labs

According to the Co-founder and CEO of Cresco Labs, Charlie Bachtell, since the beginning of 2020, California has been monumental in the growth of Cresco Labs. At this time, the company was trying to operate the platform, Continuum to bring top brands to the state.

Bachtell adds that Cresco Labs has managed to penetrate the California market because of its leading brands, such as Kings Garden. Its strategy has also positioned another of its brands, FloraCal and Cresco Liquid Live Resin, and a top-15 and top-10 flower and live resin brands in the state.

The company plans to keep implementing strategies to accommodate each of its markets and hopes that this move will allow it to focus on its brands in California. The state has played a critical role in the company becoming a leading wholesaler in the cannabis industry.

Meanwhile, Cresco Labs will retain its partnership with a few top brands in the state. Ceasing distribution to third parties causes a lowering in the fourth quarter projected sales.

Services offered by Cresco Labs

Cresco Labs is a leading cannabis operator in the U.S. that focuses on the cultivation, manufacture, and sale of medical-use cannabis in the U.S. It aims to normalize cannabis. The company produces top quality brands such as FloraCal Farms, Wonder Wellness Co., Good News, Mindy’s Edibles, Remedi, High Supply, and Cresco. These products offer varying products such as flower shakes, and pre-rolls, which the company sells under the Cresco brand. The company has headquarters in Chicago, Illinois.

It also operates a dispensary brand known as Sunnyside. This dispensary aims to educate, build trust and offer convenience to cannabis users. Cresco Labs runs the largest Social Equity and Educational Development Initiative, SEED, in the cannabis industry. The SEED gives people the opportunity, skills, and knowledge to work in the cannabis industry and run their cannabis businesses. Cresco Labs has about 32 dispensaries and 44 retail licenses.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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