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Cannabis Stock News Daily Roundup August 23

ME Staff

Sundial Growers has successfully entered the Saskatchewan cannabis market. The company wants to set up operations in all provinces by the end of 2019. Saskatchewan is a unique Canadian market where licensed cannabis producers can sell directly to retailers.

Cookies, a lifestyle and cannabis brand in North America, formed a partnership with Gage Cannabis Co., which is focused on craft cannabis cultivation, processing and provisioning in Michigan. Gage is the operator of more than 150,000 square feet of cultivation space, a processing facility and 13 provisioning centers. The company Gage will be the exclusive partner for Cookies throughout Michigan.

Sunsoil, a manufacturer of full-spectrum hemp extract, announced that it will increase production to 100,000 kilos of USDA certified organic hemp for the 2020 growing season, outpacing 2019 production of approximately 35,000 kilos. The company’s increased production projections are a direct result of retail partnerships, with Sunsoil’s products expected to be sold in over 1,500 retail locations by the end of 2019.

ParcelPal Technology (CSE: PKG) (FSE: PT0) (OTC: PTNYFannounce that it secured a distribution agreement with Aphria (TSX: APHA) (NYSE: APHA), one of the largest Canadian federally licensed producers in Canada, for delivery of medical cannabis to patients. The initiative between the companies will commence with Calgary as the catalyst city. Patients can purchase products from Aphria’s online store and use the ParcelPal technology platform to receive their product safely and legally.

GreenAcreage Real Estate, a recently formed net-lease REIT that intends to provide sale-leaseback and build-to-suit transactions to the regulated cannabis industry, announced that it completed a private placement offering of 7,060,150 shares of its common stock for approximately $141 million.

BR Brands, a consumer packaged goods company within the global legal cannabis industry, reported the first closing of its Series A capital raise backed by its strategic capital partner Rose Capital. As a result, the company acquired the remaining capitalization and out-right control of Mary’s Brands, representing as one of the largest private CPG acquisitions to date within the U.S. cannabis sector.

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