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StickIt releases new statement to clarify intentions of LoI

Published

6 hours ago

November 1, 2025

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StickIt Technologies has released a statement to clarify the October 16, 2025 news release regarding the binding letter of intent with Capitalink.

The LOI is dated October 12, 2025 and was signed on October 15, 2025. As previously announced on October 16, 2025, Capitalink will acquire all rights to amounts owed to Mr. Eli Ben Harosh and Mr. Asher Holzer (Directors of the Company), totaling $380.0000. According to the Company’s interim financial statements for the six months ended June 30, 2025, this amount as of June 30, 2025 was $617,000. This amount is expected to be updated in the Company’s interim financial statements for the nine months ended September 30, 2025. Capitalink and its shareholders are related to the Company.

StickIt wishes to further clarify that it intends to complete a post-merger private placement of units of not less than $700,000 and not more than $1,050,000 (the “Units”) at $0.05 per Unit, each such unit consisting of one (1) common share and one (1) common share for each three-year warrant period (each purchase period of a 3-year warrant). date of issuance, paid $0.05 per additional common share of the Company.

Even if the operations foreseen by the LOI will allow the new shareholders to hold more than 50% of the voting securities of the Company, it is not expected that there will be a change of control of the Company. The transactions contemplated by the LOI are not expected to result in a Fundamental Change (as defined in the policies of the Canadian Securities Exchange) at the discretion of the CSE.

For more information:
StickIt Technologies
(email protected)
stickit-labs.com

Related Topics:clarify intentions LoI releases statement StickIt

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Marijuana Consumers Are More Likely To Shop At Target Following Decision To Sell Cannabis-Infused Drinks, Poll Shows

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Cannabis News

Marijuana Consumers Are More Likely To Shop At Target Following Decision To Sell Cannabis-Infused Drinks, Poll Shows

Published

6 hours ago

November 1, 2025

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Marijuana users are encouraged Target’s decision to begin selling THC drinks at select locations—and a majority say the marketing move makes them more likely to shop in the retail giant’s stores—according to a new survey.

A survey by cannabis telehealth platform NuggMD asked cannabis users about news from Target, which recently launched a pilot program to offer adult-only infused beverage brands at select Minnesota stores.

In response to the development, respondents were asked, “Does knowing this make you more likely to shop at Target in the future?”

A total of 50.5 percent said they would be likely to, although a notable 34.4 percent said they would be more inclined to patronize Target if their local stores carried THC drinks. Another 16.1 percent said “yes” because they “now want to support more retailers regardless of where they sell their products.”

Half of respondents (49.5 percent) said Target’s adoption of a THC drink pilot program would not affect where they shop.

“What the survey shows should be pretty intuitive for all big-box retailers: selling products containing hemp-derived THC, which is now federally legal, will bring more cannabis users into those stores,” Andrew Graham, chief communications officer at NuggMD, told Marijuana Moment.

Q: “Last week, it was revealed that Target has begun selling THC-infused cannabis drinks in some stores. Does knowing this make you more likely to shop at Target in the future?”
	n:	%
Yes, but my local Target has THC infused products	98	34.4%
Yes, I want to support more retailers now regardless of where they sell their products	46	16.1%
No, it won’t affect my behavior	141	49.5%
	285

“By responsibly selling hemp-derived THC products, Target is doing what Congress has yet to do, which is provide access to THC to adults who want or need it,” he said. “I look forward to the company expanding the pilot program nationally. While I’m more of a local shopper myself, it’s still great to see such a ubiquitous national retailer making these products available.”

The survey interviewed 285 cannabis users between October 16 and 27, with a margin of error of +/-5.8 points.

It comes as Congress continues to debate legislation to recriminalize hemp-derived products containing quantifiable amounts of THC, and states across the country continue to evaluate their own laws.

—
It’s Marijuana Time tracking hundreds of cannabis, psychedelic and drug policy bills in state legislatures and Congress this year. Patreon supporters By pledging at least $25 per month, you’ll get access to our interactive maps, charts and audio calendars so you never miss a development.

Learn more about our marijuana bill tracking and become a Patreon supporter to gain access
—

A GOP senator said this week he is prepared to hold up spending legislation to end the ongoing government shutdown if Congress tries to push through. Controversial plan to ban THC-containing hemp products– although he has warned that there is a “real danger”, he will not prevail. As such, he says it is imperative that the industry make its voice heard on Capitol Hill in the coming days.

“I also told them—and I think they believe me—that we can do this the easy way or the hard way. The easy way is that I give my consent, and the hard way is that I don’t,” said Senator Rand Paul (R-KY), adding that he has proposed alternative language. This requires a study and report on the state’s regulatory models for hemp may inform future revisions of federal law.

Meanwhile, a bipartisan coalition of 39 state and territory attorneys general recently formed He asked Congress to clarify the federal definition of hemp and enact regulations preventing the sale of intoxicating cannabinoid products.

Additionally, a subsidiary of a multi-state marijuana company is suing DoorDash, Total Wine and several other businesses for violating Virginia’s hemp laws. Marketing cannabis products that exceed the legal THC limit.

Marijuana Moment is made possible with the help of readers. If you rely on our pro-cannabis journalism to stay informed, consider a monthly Patreon pledge.

Cannabis News

Colombia legalizes sale of medical cannabis

Published

1 day ago

October 31, 2025

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Colombia, in the midst of its war on drugs, has authorized the sale of marijuana for medicinal use, according to a decree made public by the Ministry of Health on Tuesday. The Latin American country legalized medical cannabis in 2016 and allowed the export of its dried flowers to regulated countries in 2021, but until now it could not be sold locally due to a legal loophole.

Now, the Ministries of Health, Justice and Agriculture have a period of five months to “issue the relevant regulations” to facilitate the application of the decree. Pharmacies and veterinary clinics will have to obtain a license to sell cannabis flowers containing the psychoactive ingredient THC, and consumers will have to present a medical prescription to purchase them.

The law regarding personal marijuana use in Colombia is permissive, and the authorities there allow personal consumption, cultivation and possession of small amounts of cannabis, but there is no regulated market for buying and selling it for recreational use.

Colombia’s heavy drug production has come under heavy criticism amid the country’s conflict with US President Donald Trump, who removed the South American country from a list of anti-drug allies, suspending financial aid that came with the list.

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Florida Marijuana Legalization Campaign Sues State Over ‘Nonsensical’ Delay In Ballot Initiative Review

Published

1 day ago

October 31, 2025

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A Florida campaign working to put a marijuana legalization initiative on the 2026 ballot has filed a lawsuit in the state Supreme Court, alleging that officials are violating election laws by unjustifiably stalling the review process for the measure.

Smart & Safe Florida filed a writ petition in the Supreme Court on Thursday, alleging that the secretary of state has failed to comply with the law’s mandate to “immediately send” enough signatures to the attorney general to initiate a fiscal and legal review.

With 662,543 signatures verified by the Secretary of State so far, that’s more than triple the 220,016 signatures needed to push the review forward. The campaign reached that initial threshold over the summer and notified state officialsbut he says that he has not received an answer.

“It is senseless, and contrary to specific constitutional and statutory orders, that the Secretary (of State) and the Director (of the Division of Elections) indefinitely refuse to issue the Article 15.21 letter and frustrate the constitutional order,” the filing says, referring to the notification that the Secretary of State must send to the attorney general when the signature is received.

Attorneys for the campaign also noted that Smart & Safe Florida is involved in other lawsuits state is taking ‘illegal’ steps to force nearly 200,000 voter signatures to be invalidated has presented Officials say the signatures are invalid because the petitions signed by voters do not include the full text of the initiative.

“Therefore, perhaps Respondents speculate that the Secretary’s Directive may ultimately result in the invalidation of a sufficient number of Petitions to bring the measure below the threshold for issuing Section 15.21,” the Supreme Court said. “It’s a dubious presumption at best that Smart & Safe has collected more than three times the number of valid verified applications required statewide and nearly doubled the number of congressional districts.”

“In any event, speculation about Defendants’ motive is futile here because the law is clear that Smart & Safe has the right, and Defendants have a mandatory statutory duty, to issue a Section 15.21, because the statutory requirements have been met,” it says.

“The Secretary and the Director seem to see that the regional officials are valid and behind the reported requests (and as reflected on the Division’s website). The respondents seem to be refusing Article 15.21, that the fulfillment of the Secretary’s Directive by the county officials can lead to the Request that there is no legal source of the authors.

what the case The goal is to compel the court to “force the Florida Secretary of State to follow Florida law and fulfill his mandatory statutory duty to advance the ballot initiative for Supreme Court review as required by the Florida Constitution,” Smart & Safe Florida said in a statement.

“Florida law clearly states that once a statewide ballot initiative collects more than 25 percent of the signatures, the Secretary of State must begin the Supreme Court review process and forward the language to the state Attorney General,” he said. “For reasons unknown, that has not happened, and we are asking the court to step in and compel the secretary to follow Florida’s long-standing law, as Florida Smart & Safe far exceeded that threshold last summer.”

As for the other issue regarding the state’s effort to cancel the approximately 200,000 signatures already collected, the secretariat initially Smart & Safe sent a letter of resignation to Florida in Marchadvising the campaign on the interpretation of the rules regarding the inclusion of the full text of the proposed initiative in its petitions for signatures.

This is the second vote of the campaign. They successfully got a vote on a version of the 2024 initiative, and a majority voted to pass it, but not enough to meet the state’s 60 percent threshold to pass a constitutional amendment.

In the background of this case, in August a federal judge ruled against Smart & Safe Florida—Gov. Ron DeSantis (R) to provide “full relief” from provisions of a law he signed to impose other severe restrictions on signature gathering.

Although the law DeSantis signed in May was not directly aimed at the cannabis initiative, there has been concern among supporters that it could jeopardize an already complex and expensive process to gather enough signatures to put it on the ballot. That’s because it would block non-residents and non-citizens from collecting signatures for ballot measures.

In March, two Democratic members of Congress representing Florida asked the federal government to investigate What they described as an “illegal diversion” of millions in state Medicaid funds Through a group with ties to DeSantis. The money was used to fight a popular ballot initiative the governor vehemently opposed that would have legalized adult marijuana.

The lawmakers’ letter alleges that a $10 million donation from a state legislative settlement was misappropriated to the Hope Florida Foundation, which later sent the money to two political nonprofits, and sent $8.5 million to the anti-Amendment 3 campaign.

The governor said this in February The latest measure to legalize marijuana is in “big trouble” with the state Supreme CourtHe announced that it will be blocked from going before the voters next year.

“There are a lot of different views on marijuana,” DeSantis said. “It shouldn’t be in our Constitution. If you feel strongly about it, you have a legislative election. Bring back the candidates you think will be able to deliver what you think about it.”

“But when you put these things in the Constitution, and I think, I mean, the way they were written, there’s all kinds of things going on here. I think it’s going to have a lot of trouble getting passed by the Florida Supreme Court,” he said.

the last the initiative It was introduced to the secretary of state just months after initial versions failed in the November 2024 election, despite President Donald Trump’s endorsement.

The revised version of Smart & Safe Florida is expected to be successful in 2026. The campaign — which received tens of millions of dollars from cannabis industry players in the last election cycle, notably from multi-state operator Trulieve — introduced some changes in the new version that address criticisms of opponents of the 2024 push.

For example, it now specifically states that “smoking and vaping marijuana in any public place is prohibited.” Another section states that the legislature should adopt rules governing the “time, place and public manner of consuming marijuana.”

Last year, the governor accurately predicted this The campaign’s 2024 cannabis measure would survive a legal challenge From the state attorney general. It’s not entirely clear why he thinks this version will face a different outcome.

Although there is uncertainty about how the state’s highest court will navigate the measure, a poll released in February It showed the overwhelming support of a bipartisan voter for reform— 67% of Florida voters support legalization, including 82% of Democrats, 66% of independents and 55% of Republicans.

However, the results echo another recent poll by the Florida Chamber of Commerce, a proactive opponent of legalization, which found a majority in favor of reform among likely voters (53 percent). but not enough to be able to set the 60 percent condition.

Another poll of Republican voters in Florida showed only 40 percent of that demographic said they would vote for it of the legalization proposal.

Also, a GOP senator from Florida recently claimed this the legalization campaign “tricked” Trump into supporting the 2024 measure misleading him and the general public about key provisions.

Before the election, Trump said he was sorry last September The 3rd Amendment “would have been great” for the state.

Before commenting, Trump met with Truliev CEO Kim Riverseven with a GOP state senator who favors reform.

Meanwhile, there are medical marijuana officials in Florida actively expunging the records of patients and caregivers with drug-related criminal records. The policy is part of the sweeping budget legislation that DeSantis signed into law earlier this year. The aforementioned provisions address the State Department of Health (DOH). void the records of medical marijuana patients and caregivers if convicted of drug offenses, or pleaded guilty or no contest.

Photo elements courtesy of the user rawpixel and Philip Steffan.

Marijuana Moment is made possible with the help of readers. If you rely on our pro-cannabis journalism to stay informed, consider a monthly Patreon pledge.