As the world evolves, the demand for branded cannabinoid-based medicines is also increasing. Unfortunately, some medical conditions, including chronic non-cancer pain, autism, and insomnia, still do not have authentic treatment options. Nonetheless, cannabinoid-based biopharmaceutical companies are choosing to bear the burden and offer solutions to needy situations. Zelira Therapeutics Ltd (OTCMKTS: ZLDAF) is one such company engaged in developing branded cannabis products for the treatment of a range of medical conditions.
The global therapeutic medicinal cannabis company owns a proprietary pipeline of candidates. A majority of them are undergoing clinical development. According to the Managing Director, Dr. Oludare Odumosu, they are well-positioned to build on a momentum of progress, including new products.
Accelerating Commercialization and Expansion into New Geographies
From the company’s Q4 FY2021 highlights, there was notable growth from customers’ receipts. Thanks to sales from SprinjeneCBD, licensing activities, and clinical trials. To accelerate the commercialization, Zelira entered into an exclusive distribution agreement with Health House International, which enabled the launch of SprinjeneCBD toothpaste into the United Kingdom. The agreement would also give the company access to the U.S. market.
The agreement was another with Levin Health, a privately – held Australian sports science company, to carry out sports-related chronic pain treatment clinical trials on retired athletes. Studies show that retired athletes are prone to chronic pain and conditions related to injuries and physical exertion over long periods. And while, while the available clinical data may not be helpful, medicinal cannabis is likely to offer a safe and effective treatment option.
Meanwhile, Zelira is at a point of concluding licensing discussions for HOPE and Zenivol in the USA. There are already two proprietary formulations under the HOPE® brand in multiple U.S. states as the company seeks to gain entry into other global markets, including Germany. Some of the notable partners the company is working with include the European medicinal cannabis group HAPA Pharm B.V. and Ethica.
Curaleaf Holdings Inc (OTCMKTS: CURFLF) Sells its Shares to Andrey Blokh
Mr. Andry Blokh recently announced his acquisition of 722,577 subordinate voting shares of Curaleaf Holdings Inc (OTCMKTS: CURFLF). This represents roughly 0.125 of the company’s outstanding and presently issued Subordinate Voting Shares. Mr. Blokh acquired these 722,557 shares through agreements with the company itself and its indirect subsidiary.
Nature of agreement
However, according to this particular agreement, Curaleaf’s indirect subsidiary bought Blokh’s ownership interests in Naturex (a Blackjack Collective entity that runs a cannabis dispensary in Las Vegas) and Las Vegas Natural Caregivers (an entity that cultivates high-grade cannabis for dispensaries in the Las Vegas region. The Blackjack Transaction happened in November 2017. However, the agreement terms were amended in October 2019. The latter transaction was done in October 2019. Both transactions were concluded in August this year once regulatory approval was received. The 722,577 Subordinate Voting Shares transferred to Mr. Blokh was the consideration Curaleaf paid for the ownership rights to these entities.
Immediately before the acquisition, Andry Blokh owned about 127,173,634 Subordinate Voting Shares, which represented roughly 20.87% of the Curaleaf’s outstanding and issued Subordinate Voting Shares. The shares Andry owned before the transactions were transferred in connection to when it completed its business combination.
Andry Blokh has acquired these shares for investment purposes. He may either dispose of his holding or acquire more of the same shares depending on how the market behaves as well as other conditions. Mr. Blokh, one of the wealthiest Russians alive, owns about 28% of the company, valued at around $4 billion in 2018. He is worth about $905 million and is a former business partner to another wealthy Russian, Roman Abramovich. In 2010, Mr. Blokh bought one of Roman’s assets, Unimilk.
He recently has had his sights set on the global cannabis market, seeing as how many countries are either in the process or have outright legalized cannabis for medical use. Besides the United States, Britain, Thailand, and Greece have managed to liberalize their cannabis industries.
Columbia Care Inc (OTCMKTS: CCHWF) Scales its New Jersey Efforts by Opening a New Dispensary in Deptford, South Jersey
Columbia Care Inc (OTCMKTS: CCHWF) is one of the United States’ most experienced and largest providers, cultivators, and manufacturers of both recreational and medical use cannabis products. It recently announced that it was opening a new dispensary in New Jersey, which will be located in Deptford’s Clements Bridge Road. The grand opening included a ribbon-cutting ceremony with Mayor Medany.
The company’s Chief Growth Officer, Jesse Channon, said that it is an ideal time for them to expand their New Jersey footprint especially considering how rapidly the cannabis community in the region is growing and the adult-use approved transition that’s soon to come. He claimed that they were delighted to bring cannabis-based products to the southern part of New Jersey, a region he said has a significant medical population. He thanked the Chamber of Commerce, Mayor Medany, and everyone who supported them throughout the entire process. The CGO confirmed that they couldn’t wait to welcome patients and provide them with unique all-around shopping experiences.
The Deptford dispensary will complement the company’s existing location as well as its Vineland-based 50,000 sq ft production and cultivation facility. This facility’s first harvest was completed in July. In addition, Columbia Care Inc intends to open another dispensary in the Hamilton region, which is expected to be up and running by the end of this year. The company will also open a second production and cultivation premises in Vineland that’ll provide an additional 250,000 sq ft of distribution, manufacturing, and canopy space, pending approval from the relevant authorities.
The dispensary will initially be stocked with the company’s Seed & Strain brand line and a wide array of products from other wholesale partner brands. However, the company said that it would add more of its brands as it continues to establish its footprints in the said regions. It will also add the Forage product, its one of a kind proprietary online discovery tool. Patients can go on the internet to view the menu.
LiveWire Ergogenics Inc (OTCMKTS: LVVV) Set to Get Consulting and Marketing Services from California-Based Makana Ola Farms
LiveWire Ergogenics Inc (OTCMKTS: LVVV) is a company that focuses on the licensing, management, and acquisition of special purpose real estate that can facilitate the production of organically grown, handcrafted, and high-quality cannabis products for both recreational and medical use in California. This company recently announced entering a partnership agreement with California-based Makana Ole Farms for consulting and management services.
LiveWire’s Chief Executive Officer, bill Hodson, said they were expanding their affiliations with cultivators and making additions to their portfolio like Estrella River Farms situated in Paso Robles, CA. He claimed that their expert team would guide Makana through all the remaining licensing procedures. The CEO stated that they would draw from the 2-year experience they got when trying to get the licenses for Estrella River Farms. The Paso Robles-based Estrella Weedery has been exchanging cultivation ideas with Makana Farms for several months now.
The formal relationship between the two entities makes a lot of sense economically. It allows the company to continue to produce organic, high-quality cannabis products and run a clean business. Mr. Hodson explained how this relationship would enable them to apply their extensive knowledge and expertise on a larger scale and accommodate the exchange tools and teams between the two.
Found in Humboldt, California, Makana Ola Farms is a forty-acre property with over 9000 square feet of cultivation space right in the middle of Humboldt County. Makana is currently in the final stages of the licensing process. This region is synonymous with cannabis because many groups and individuals have been growing it there for several years.
Makana Ola Farm’s Jason Spain explained how they were a Polynesian family who wanted to move to Humboldt and share their sustainable living practices with the community. He said that since 2017 they’ve managed to mitigate more than 29,000 tons of waste and plastic from hillsides and streambeds. He claimed that they’ve gotten rid of a considerable amount of objects such as dryers, washers, and even old living trailers. In addition, the family used 100% natural catching methods.