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Cannabis Friday Morning News: Cannabis REIT Outlays $100M on Cultivation, Distribution Sites

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"Cannabis Friday Morning News: Cannabis REIT Outlays $100M on Cultivation, Distribution Sites"
Conclusion-of-the-contract

Cannabis REIT Innovative Industrial Properties on a roll with $100M in recent outlays on cultivation, distribution sites

Innovative Industrial Properties is on a marijuana shopping spree, having spent $100 million since April to buy cultivation and distribution facilities around the nation while providing cannabis operators with sorely needed cash.

The San Diego-based real estate investment trust (REIT) now owns 61 cannabis industrial properties, more than double the 26 it owned a year ago.

Cannabis Suisse is Releasing its New Service “Your Cannabis Grow” to the European Market

DIETIKON, SWITZERLAND / ACCESSWIRE / August 13, 2020 / Cannabis Suisse is releasing its new service to the European market. Your Cannabis Grow is an innovative service which allows customers from Europe to grow their own cannabis seedling in one of Cannabis Suisse’s indoor farms located in Switzerland.

Patients in New Jersey can now use cannabis telemedicine

Video chats | Photo by Andrea Piacquadio via Pexels
Video chats | Photo by Andrea Piacquadio via Pexels

Cannabis telemedicine allows physicians to supply medical cannabis prescriptions to patients through video chats. New Jersey is the latest state to adopt this option.

The Valens Company and Verse Cannabis Roll Out Vape Cartridges, CBD Oil, and Hydrocarbon-Derived Crumble in Various Provinces

KELOWNA, BC, Aug. 13, 2020 /PRNewswire/ – The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the “Company” or “The Valens Company”), a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, today announced the rollout of various new products as part of a custom manufacturing agreement with Verse Cannabis (“Verse”), a group of innovators focused on bringing to market cutting-edge product formulations rooted in cannabinoid science. The new products have been released under each of the two Verse product lines, Verse Originals and Verse Concentrates, which aim to bring premium quality offerings to Canadian consumers at affordable prices.

Organigram Sends First Shipment of Indoor-Grown Dried Flower to Israeli Cannabis Producer, Canndoc Ltd.

MONCTON, New Brunswick–(BUSINESS WIRE)–Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. (the “Company” or “Organigram”), a leading licensed producer of cannabis, today announced that it has sent its first shipment of bulk dried flower to Canndoc Ltd. (“Canndoc”), one of Israel’s largest and most established medical cannabis producers, and a subsidiary of InterCure Ltd. (TASE: INCR). The shipment is part of Organigram’s multi-year deal with Canndoc and is estimated to be worth approximately $2.4M CDN.

Tech Company Plans Rollout Of Cannabis Vending Machines

Cannabis from a vending machine | tryanna.com
Cannabis from a vending machine | tryanna.com

A Boston-based cannabis tech company has been developing a vending machine to facilitate minimal-contact purchasing.

The product is launching this week in two Colorado dispensaries: Strawberry Fields in Pueblo, and Starbuds in Aurora. According to the press release, the company also plans to launch the product next month in Massachusetts, while also expanding its presence in Colorado. By next year, anna hopes to expand to Canada, California, and Nevada, as well. 

Michigan Cannabis Brands Accused of Using Robocalls & Telemarketing

At least three Michigan cannabis companies are facing class-action lawsuits over their alleged use of unsolicited telemarketing, MLive reports. This year, Florida attorney Andrew J. Shamis filed lawsuits in federal court against MichiCann Medical, AEY Capital, and Light ‘N Up Provisioning and Microbuddery claiming the companies sent unsolicited marketing text messages or automated phone calls without proper consent in violation of the Telephone Consumer Protection Act.

ECS Botanics advances Tasmanian cannabis development

A $1.7 million outdoor medicinal cannabis development approved by Northern Midlands Council could soon be home to the largest grow by area in Australia.

Hemp food company and agribusiness ECS Botanics estimates its three-stage 32-hectare development will potentially see up to 32,000 of dry flower grown each year.

Bella Thorne Talks About New Cannabis Strains, Future of Forbidden Flowers

Bella-thorne
Bella-thorne

Actress and author Bella Thorne has released two new cannabis flower strains in collaboration with Glass House Group, under their shared brand Forbidden Flowers. Dubbed “Orange Creamsicle” and “Sundae Driver,” the new strains were formulated for the summer.

The flowers will be sold by the eighth, as well as in “two-for-one, puff, don’t pass” 0.5-gram pre-roll boxes, for consumers to share a smoke session without sharing the actual joints.

Study: Cannabis Consumers Say Legal Products More Convenient, Safer

The majority of cannabis consumers said that legal cannabis was more convenient to buy (59.2 percent) and safer to purchase (56.1 percent) than its illegal counterpart, according to a University of Waterloo School of Public Health study published last month.

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David@Vapebiz.net

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