Cresco Labs Inc., one of the largest vertically integrated multi-state cannabis operators in the United States, today announced that it has closed its acquisition of 100% of the membership interests of Gloucester Street Capital, LLC, the parent entity of Merida portfolio company Valley Agriceuticals, LLC (“Valley Ag”) via a merger between Gloucester and a subsidiary of Cresco Labs. As a result of this acquisition, Cresco Labs now holds one of the 10 vertically integrated cannabis business licenses granted in the State of New York by the New York State Department of Health. Each license gives t...

Benzinga's Cannabis Capital Conference is the premier gathering of cannabis entrepreneurs and investors in North America, featuring an unprecedented level of access and seamlessness of interaction between entrepreneurs building future billion-dollar cannabis enterprises and the investors whose capital will make that happen. At CCC this past March in Miami, Merida's Managing Partner Mitch Baruchowitz had the opportunity to sit down with Cresco Labs CEO Charlie Bachtell in a wide-ranging discussion covering such topics as access to capital markets, what it meant to take Cresco public, governance...

Cheddar is a leading post-cable news, media, and entertainment company broadcasting live on SlingTV, Hulu Live, YouTube TV, Philo, Twitter, Facebook Watch, Pluto, Xumo and more. Watch the full video here. Back in late June, Merida's Managing Partner Mitch Baruchowitz and Brandon Wyatt from the Minority Cannabis Business Association sat down with Cheddar to discuss the launch of the Inclusive Industry Accelerator ("i2"), a program designed to fast-track the development of minority-owned businesses in the cannabis industry. Watch the video here.

Freedom Leaf Inc. announce that its newly acquired subsidiary, Green Lotus, completed its inaugural shipment of $600,000 of topical hemp-CBD products to Mexico on July 31. Products will be distributed by Green Lotus' Mexican partner, CBD Life SA, initially in up to 4,000 locations and expanding to over 40,000 locations over the next 12 months.

This represents the first commercial shipment of retail products that can be distributed in Mexico through regular distribution channels, requiring no additional government approvals or medical certifications. The initial shipment includes three SKUs...

Creates a GrowGen Michigan Operation in Excess of $15 Million; 3rd Quarter Revenue is Tracking in Excess of $20 Million

GrowGeneration Corp.,  the largest chain of specialty retail hydroponic and organic garden centers, with 23 locations, announced that it has purchased the assets of Grand Rapids Hydroponics (GRH), with one location in Grand Rapids, MI. Following the acquisition, GrowGen now has four retail and warehouse locations in the Michigan market. 

Grand Rapids Hydro marks GrowGen's seventh acquisition in 2019, adding an accretive $8.0 Mil...

Gabriella's Kitchen Inc., a consumer packaged goods company operating in the regulated cannabis sector in California and the mainstream grocery channel nationally, announced second-quarter earnings that included revenue of $2.5 million versus $319,000 one year ago. 

The company saw an increase in the number of California dispensaries to which it distributes from 80 to 170 during the quarter. Gabriella's Kitchen also added Lulu’s Chocolates to its brand portfolio.

Read the full release here