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Tilray to pay MediPharm CA$9M package related to Hexo cannabis supply dispute

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Canadian cannabis producer Tilray Brands has agreed to pay rival producer MediPharm Labs a settlement package worth 9 million Canadian dollars ($6.6 million).

The settlement is related to MediPharm’s dispute with Hexo Corp., which Tilray acquired earlier this year.

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In January 2020, MediPharm filed a statement of claim in the Ontario Superior Court of Justice against Hexo, one of its long-term customers, over a supply agreement for cannabis concentrates.

The claim said Quebec-headquartered Hexo owed money to Ontario-based MediPharm for products shipped and another sum of money owed for contractually committed amounts not yet shipped.

Tilray, which has offices in Ontario and New York, closed its purchase of troubled cannabis producer Hexo in June for an aggregate purchase price of roughly $56 million (CA$74 million).

In July 2022, MediPharm was awarded a favorable summary judgment in the Ontario Court of Justice.

But Hexo appealed the summary

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President Trump will decide marijuana rescheduling, federal reform

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Did Donald Trump mean it when he said he wanted marijuana reform – and will the former and current president follow through?

With the marijuana rescheduling process paused indefinitely – its future is at the mercy of Trump’s future choice to lead the U.S. Drug Enforcement Administration – and Republicans in Congress mostly bent to the once and current president’s will, nothing less than the future of the $32 billion marijuana industry depends on the answer.

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Trump made history in September when he became the first major-party presidential nominee to endorse a state adult-use legalization campaign.

Though Trump’s backing of Florida’s Amendment 3 – some critics say his endorsement was mostly spurred by his acrimonious relationship with Florida Gov. Ron DeSantis – didn’t

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Farming techniques could boost CBD, hemp study infers

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A new study on hemp microorganisms could ultimately help researchers, scientists and growers boost production of CBD and other valuable compounds such as terpenes.

The University of Houston study – titled “Microbiome diversity and variations in industrial hemp genotypes” and published in Nature magazine – examined communities of microbiomes living in and around the roots and leaves of four types of hemp plants.

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University of Houston researchers compared how those microorganisms differ between hemp grown for fiber and hemp grown for CBD production.

“Understanding these microorganisms can also lead to more sustainable farming methods, using nature to boost plant growth instead of relying heavily on chemicals,” Waqar Ahmad, an author of the study and doctoral student of lead researcher Abdul Latif Khan,

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Banking, veterans and research top priorities for Congress, new Cannabis Caucus chair says

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If U.S. Rep. Dina Titus has her way, the 119th Congress will finally pass cannabis banking reform as well as bills easing military veterans’ access to medical marijuana and researchers’ abilities to study the drug.

If all that sounds familiar – or like a crass joke, in the weeks before Groundhog Day – it should.

Those popular and long-sought-after wins are also what the Nevada Democrat and newly minted co-chair of the Congressional Cannabis Caucus’ immediate predecessors chased after, Titus acknowledged during an interview with MJBizDaily.

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Titus, whose new caucus co-chair is fellow Democratic Rep. Ilhan Omar of Minnesota, spoke with MJBizDaily only days after the newly seated Congress voted to certify the November presidential election that will allow Donald Trump return to

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