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Cannabis Stock News Daily Roundup October 22

ME Staff

Namaste Technologies (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTFhas entered into a secured convertible loan agreement with Choklat, a private chocolate manufacturer in Alberta. “We’re investing in Choklat to ensure they’re able to maximize the pending market opportunity for edibles,” stated Meni Morim, the CEO of Namaste.

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODFunveiled a new strategic plan, including a series of actions to reduce the company’s financing requirements. These actions, according to the company, will result in “increased agility, lower capital requirements and an optimal production capacity to serve the organic segment.”

Canopy Growth (TSX: WEED) (NYSE: CGC) opened its 27th retail location in Brandon, Manitoba. With 27 retail stores either owned or licensed, Canopy’s retail banners represent the fourth largest cannabis retail network in Canada.

Avicanna (TSX: AVCN) (OTCQX: AVCNF), a biopharmaceutical firm focused on the development of organic and sustainable plant-derived cannabinoid-based products, said its majority-owned subsidiary Santa Marta Golden Hemp S.A.S. has obtained a United States Department of Agriculture certification for its hemp cultivar. The company has also obtained registration for an additional 15 genetic strains of cannabis.

Planet 13 Holdings (CSE: PLTH) (OTCQX: PLNHF) has received all permits required to open and operate Rickety Cricket Café and Purc Coffee Shop. The combined footprint of the coffee shop and bistro/pizzeria is 4,500 square feet able to seat between 130 and 150 patrons.

iAnthus Capital Holdings (CSE: IAN) (OTCQX: ITHUFunveiled plans to update its corporate governance and oversight toward a majority independent board of directors. As a result, the board will be nominating Joy Chen, Mark Dowley, Diane Ellis, Michael Muldowney, and Robert Whelan Jr., as new independent directors during the next annual general meeting to be held on Dec. 5.

Fire & Flower Holdings (TSX: FAF) announced that its Fire & Flower subsidiary has closed the transaction previously announced on July 22, 2019, to acquire all of the shares of a licensed retail cannabis operator in Regina, Saskatchewan from Mera Cannabis Corp.

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