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Cannabis Stock News Daily Roundup August 21

M.Nadeem

Cannabis provider Liberty Health Sciences (CSE: LHS) (OTCQX: LHSIF) announced the sale of certain of its assets in Florida and substantially all of its assets in Ohio. The company is selling 36 acres of land, comprising its Chestnut Hill Tree Farm site in Alachua County, Florida, as well as all of its assets in Ohio, for around US$14.75 million to an arm’s length purchaser.

Khiron Life Sciences (TSXV: KHRN) (OTCQB: KHRNF) (Frankfurt: A2JMZC) announced that its shares have received Depository Trust Company full-service eligibility in the U.S. DTC eligibility is expected to simplify the process of trading and transferring of the company’s common shares in the U.S. DTC is a subsidiary of the Depository Trust & Clearing, which manages the electronic clearing and settlement of publicly traded companies.

iAnthus Capital Holdings (CSE: IAN) (OTCQX: ITHUF) has been working to secure a senior secured term loan of up to US$50 million from one or more investment funds managed by Torian Capital Partners. Net proceeds of the loan will be used to support iAnthus’ near-term growth efforts, including ongoing expansion of the company’s Florida footprint and the build-out of new Be. retail locations in Nevada, New Jersey and New York.

Rapid Dose Therapeutics (CSE: DOSE) started a clinical research trial with the GI Research Institute and the University of British Columbia under the direction of Dr. Brian Bressler. The study will evaluate the effectiveness of providing daily doses of QuickStrip Vitamin B12 oral thin film strips to Inflammatory Bowel Disease patients who are vitamin B12 deficient.

4Front Ventures (CSE: FFNT) (OTCQX: FFNTF) will begin trading on the OTC Market Group’s OTCQX Best Market under the new ticker symbol “FFNTF” at market open on August 20, 2019. 4Front is a cannabis company focused on cultivation, processing, extracting, manufacturing, and retail. In Washington, the company operates one of the largest cannabis-product manufacturing facilities in the world where it produces some of its top-selling brands of flower, edibles, and oil-based products.

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