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Medical Cannabis Payment Solutions (OTCMKTS:REFG) Reveals Plan To Register For A Grow License

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Vermont’s industrial hemp program is all about giving a significant boost to the growth of industrial hemp. Medical Cannabis Payment Solutions (OTCMKTS:REFG) is currently focusing on the growth of this product and it already has its eye fixed on a number of properties.

The turn of events

It hopes these properties will be ideal for the growth of its products. The company’s spokesperson has outlined that by 2019 they will already have conducted their first harvest. That was considering they had already started their license registration process.

The current CEO of Medical Cannabis Payment Solutions is called Jeremy Roberts. He is quite pleased about how the company has been moving about its developmental undertakings. He is optimistic of a bright future.

He opined, “While we are fully committed to our solution to the banking and financial transaction problems in the state sanctioned marijuana industry, we are pleased thus far with our diversification into CBD extraction.”

A close focus into the matter

Roberts is quite pleased by recent move by U.S. Food and Drug Administration to approve its CBD based medicine. He also said it was a good thing for the Drug Enforcement Agency to make the much anticipated clarifications. He thinks of the emerging market as a great opportunity for them and he will be leading this company in focusing on it.

Vermont’s law provides that applications must be made on an annual basis with the Agency of Agriculture of this state. The various growers must comply with the farming statutes already set in place.

Roberts thinks that the company is making strides towards the right direction. He also revealed that they had lately been contacted by quite a large number of shareholders who were keen on seeing this business guru make major expansions.

Medical Cannabis Payment Solutions has also made an announcement regarding plans to establish of one of the largest mobile hemp CBD processing services in the whole of Nevada. The decision was as a result of an agreement struck between it and a subsidiary of Paper Lantern. As per the terms of this agreement, this company will be looking forward to purchase full rights towards the deployment of top-notch mobile hemp CBD extraction labs.

*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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