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Cannabis Stock News Daily Roundup September 5

ME Staff

Aphria (TSX: APHA) (NYSE: APHA) has filed its annual report for the fiscal year ended May 31 on Form 40-F with the U.S. Securities and Exchange Commission. Aphria is a global cannabis company headquartered in Leamington, Ontario.

SOL Global Investments (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) has announced that Andy DeFrancesco will step down from his role as chief investment officer and chairman of the company. DeFrancesco will take on a new role at new, independent investment company SOL Investment, which will be created following SOL Global’s proposed change of business to that of a U.S. multi-state cannabis operator under the new name, Bluma Wellness. The proposed changes would become effective upon completion of SOL Global’s change of business, which is expected to close on or before the end of October.

Asset management firm One East Partners has acquired 300,000 Class B subordinate voting shares of Jushi Holdings (NEO: JUSH.Bat C$2.20 apiece for C$660,000. Shares were sold by two sellers at a price less than 115% of the market price.

Canada’s craft cannabis brands Pasha Brands (CSE: CRFT) (OTC: CRFTF) (FSE: ZZD) has acquired the brand “Baked Edibles” previously used by Canada’s commercial cannabis bakery. In its previous iteration, Baked Edibles was an iconic pre-legalization brand that served Canadians for years and will now take its place among leading edible brands in the regulated market. Under previous ownership, Baked Edibles supplied premium edibles, cannabis oils, capsules, and topicals to the Canadian market beginning in 2015, following the R v. Smith Supreme Court ruling, which declared the legal right to possess cannabis derivatives for medical purposes.

High Tide (CSE: HITI) (OTCQB: HITIF) (Frankfurt: 2LY) closed the acquisition of a Smoker’s Corner franchise in Edmonton, Alberta. The company paid $475,000 to acquire the franchise, including $270,000 in cash and 559,742 common shares of the company.

Infused Products International Ltd. said that its subsidiary Cedar Holdings SVG has been awarded one of the first-ever licenses in the Caribbean nation of St. Vincent and the Grenadines to cultivate, process and export cannabis-derived products. The country’s parliament laid the groundwork for the promising new sector last year with the passage of the Medicinal Cannabis Industry Act.

Aurora Cannabis (NYSE: ACB) (TSX: ACB) said that it disposed of its remaining 28,833,334 shares, representing 10.5% of the issued and outstanding shares of The Green Organic Dutchman Holdings (OTCMKTS:TGODF) at $3.00 per share for $86.5 million. The completion of the TGOD shares sale represents an approximate 50% internal rate of return for the company. As a result, Aurora no longer holds any shares of TGOD. However, the company will continue to hold warrants to purchase 16,666,667 shares of TGOD.

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