Connect with us

Marijuana Business Daily

SNDL closes purchase of Superette cannabis stores, brand IP

Published

on


Canadian marijuana company SNDL closed its purchase of five Superette cannabis stores in Ontario as part of a deal arranged through Superette’s proceedings under the country’s insolvency law.

SNDL did not disclose the value of its acquisition of the stores in Ottawa and Toronto.

ADVERTISEMENT

Calgary, Alberta-based SNDL had put in a stalking-horse bid on Superette’s assets in late August 2022 as part of proceedings under Canada’s Companies’ Creditors Arrangement Act (CCAA).

In addition to the five stores, SNDL gained “intellectual property rights related to the Superette brand,” according to SNDL’s Tuesday news release.

“The Superette retail locations are complementary to SNDL’s current cannabis retail and margin strategy and provide a differentiated retail experience to enhance the company’s market coverage and consumer reach,” the release noted.

The Superette locations are among 26 marijuana stores that will be transferred to Nova Cannabis as part of a deal

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

New York City marijuana social equity operators sue over proximity exemptions

Published

on

By


Four New York City marijuana retailers with social equity licenses are suing state regulators, claiming that recently issued exceptions to a law imposing a 1,000-foot barrier between stores is “undermining” their businesses.

It’s the latest legal challenge against the state Office of Cannabis Management (OCM), which is overseeing a $1 billion industry that’s still recovering from a botched start marred by long bureaucratic delays, a rampaging illicit market and multiple lawsuits.

ADVERTISEMENT

The latest lawsuit, filed Thursday in state court in Manhattan, accuses the OCM and the New York Cannabis Control Board (CCB) of “secretly” offering new license applicants exceptions to the state law requiring stores to be 1,000 feet from one another in cities with a population of 20,000 or more.

The four

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

Cannabis industry relief efforts underway as wildfires rage across Los Angeles area

Published

on

By


Los Angeles-area cannabis operators are prioritizing the safety and security of their employees and relief efforts amid historic wildfires raging across the region that have killed at least ten people, displaced countless others and decimated thousands of homes and businesses.

While it’s far too early to assess potential damages in one of the world’s largest regulated marijuana markets, a handful of retailers in Malibu and around Altadena are in or near evacuation areas, according to maps published by the California Department of Forestry and Fire Protection and cross-referenced with store locations.

ADVERTISEMENT

A Rise outlet in Pasadena operated by Green Thumb Industries is among the closures, according to an automated message at the business.

The Chicago-based multistate operator did not immediately respond to an

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

Colorado shut out of marijuana rescheduling hearings by ‘biased’ DEA, filing alleges

Published

on

By


The U.S. Drug Enforcement Administration rejected a September request from Colorado officials to participate in the United States’ historic marijuana rescheduling process.

That’s one example of the “bias” that should disqualify the agency from overseeing the hearings, according to claims made in a filing submitted Monday to the DEA’s chief administrative law judge, John Mulrooney II.

ADVERTISEMENT

The decision to exclude Colorado, where sales of adult-use marijuana began more than a decade ago, but include authorities from states without regulated cannabis such as Nebraska and Tennessee demonstrates why the agency should be removed from the proceedings, the filing claims.

Monday’s filing is the latest effort by designated participants Village Farms International and Hemp for Victory to disqualify the DEA, which has “obstructed the rulemaking process

Read full article on Marijuana Business Daily



Source link

Continue Reading
Advertisement

Trending

Copyright © 2021 The Art of MaryJane Media