Marijuana Business Daily

Hytn secures deal to supply medical marijuana to UK

Published

4 weeks ago

September 11, 2024

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British Columbia-based Hytn Innovations Inc. is teaming up with 4C Labs, a Canadian cannabis distribution and product-development company, to produce medical marijuana for distribution in the United Kingdom and, potentially, other global markets.

The partnership allows cannabinoid-focused pharmaceutical company Hytn to manufacture, package and export pharmaceutical-quality cannabis products in bulk and packaged formats for 4C Labs to distribute in the UK, according to a news release.

Hytn holds a good manufacturing practice (GMP) license from Health Canada as well as a PIC/S (Pharmaceutical Inspection Co-operation Scheme) certification from Australia’s Therapeutic Goods Administration, the news release said.

“This partnership validates the ongoing regulatory work Hytn has been undertaking,” Hytn CEO Elliot McKerr said in a prepared statement.

“By integrating 4C Labs’ deep understanding

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Ohio recreational marijuana sales near $90 million in 7 weeks

Published

3 days ago

October 4, 2024

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Barely seven weeks since the launch of Ohio’s recreational marijuana market, sales have reached almost $90 million.

Between Aug. 6 – when adult-use sales began in Ohio – and Sept. 28, sales totaled $87.1 million, according to the latest report from the state’s Division of Cannabis Control.

The report also found that recreational retailers sold 10,213 pounds of recreational flower and 1,361,146 units of manufactured products.

The price per gram of recreational flower has fallen steadily from a high of $9.42 in mid-August to a low of $8.23 per gram the week ending Sept. 28.

Likewise, the average price of recreational manufactured products also has fallen steadily, from a high of $31.65 in mid-August to a low of $30.04.

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Marijuana delivery company Eaze has new owner after assets auctioned

Published

6 days ago

October 1, 2024

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California-based marijuana delivery company Eaze Technologies has a new owner after a public auction of corporate assets.

The bundle of Eaze assets were purchased for $56 million in August via a telephone auction by a firm owned by Netscape co-founder James Henry Clark, according to Green Market Report.

Though Clark now has ownership of Eaze, the company’s future is up in the air.

“The new ownership group is evaluating the status of each state’s operations and expects to make a decision prior to year end about what will continue to operate or be closed down,” Eaze CEO Cory Azzalino told Green Market Report via email.

Clark’s FoundersJT acquired the following assets from San Francisco-based Eaze:

Accounts. Chattel paper, which denotes a

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Cannabis brand West Coast Cure asks court to toss pesticide-spurred lawsuit

Published

1 week ago

September 27, 2024

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The parent company of West Coast Cure (WCC), one of California’s largest and most well-known marijuana brands, has filed a petition to dismiss a class action lawsuit that claims the operator skirted state regulations and sold unsafe vape products that contained banned pesticides.

WeedWeek first reported the development, in which Shield Management Group, doing business as WCC, is named as defendant.

The class action lawsuit, filed in June by a WCC customer in Superior Court of the State of California in Orange County, alleged the company deliberately manipulated test results “to hide dangerous contaminants in the products” and issued inaccurate certificates of analysis.

WCC did not immediately respond to an MJBizDaily request for comment.

The Orange County-based company, which sells an extensive

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