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Cannabis Stock News Weekend Roundup October 27

ME Staff

Flower One Holdings (CSE: FONE) (OTCQX: FLOOF) has announced that its brand partner has become the top-performing cannabis flower brand in Nevada. According to Headset, a cannabis industry analytics services provider, Old Pal is now the top-performing cannabis flower brand in Nevada. Flower One is licensed to produce and distribute the entire Old Pal product line.

MYM Nutraceuticals (CSE: MYM) (OTCBB: MYMMF) has issued an update on the progress of the Sublime cannabis cultivation facility located in Laval, Quebec. The company was asked by Health Canada for updated information on its application. MYM said it fulfilled the request and is hoping that its application is complete. Howard Steinberg, the CEO of MYM, states, “The team moved quickly to satisfy Health Canada’s requests and we’re now confident our application is complete. We look forward to receiving our license for the Laval facility shortly.”

Zenabis Global (TSX: ZENA), a licensed cultivator of medical and recreational cannabis and cultivator of floral and vegetable products, announced that it will be offering rights to holders of its common shares of record at the close of business on Oct. 31. The rights offering is intended to raise up to $20.8 million.

CannTrust Holdings (TSX: TRST) (NYSE: CTSTissued a progress update regarding the submission of the company’s remediation plan to Health Canada, the conclusion of the special committee’s independent investigation, a further temporary reduction in its workforce, and the anticipated timing for the filing of the company’s financial statements.

Khiron Life Sciences (TSXV: KHRN) (OTCQB: KHRNF) (Frankfurt: A2JMZC) announced that it made its first import of Kuida cosmetic products into the U.S. from Colombia. As a result, Kuida has become the first Colombian brand to introduce legal CBD products in the U.S. market.

Fire & Flower (TSX: FAF) has received a cannabis retail store license from the Alberta Gaming, Liquor and Cannabis Commission for a location in Banff, Alberta. The Banff store is located at 229 Bear St. and will be one of the only cannabis retail stores located in the town, according to the company.

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