Oklahoma’s medical cannabis market is one of the more unique. With lax regulations and a simple pathway to licensing, the state created a market with over 10,000 actively licensed dispensaries, growers, and processors for a state with approximately 644,000 registered patients as of 2019-2020.
At the same time, the state’s land is cut in half due to a 2020 Supreme Court decision ruling that the land belonged to Native American reservations already on the land prior to Oklahoma’s founding. Tribes are not included in Oklahoma’s laws and must create regulations for their land.
Oklahoma stands out for its unique regulations but also for its strong cannabis performance so far. Sales more than doubled in 2020 compared to 2019, totaling $831 million.
Tilray Inc. has paid off the debt it owed to Bridging Finance Inc., the Toronto-based private lender thatâs facing allegations of self-dealing and misappropriation of funds.
Bridging Finance s activities have been in the spotlight this month after Ontario Securities Commission (OSC) staff detailed allegations relating to conflicts of interest, misappropriated funds, and inadequate disclosure. That led the regulator to request the Ontario Superior Court to appoint PricewaterhouseCoopers Inc. to manage Bridging Financeâs affairs. None of the claims have been proven in court or before the OSC.
Tilray first took out a loan facility for its Canadian subsidiary with Bridging Finance in Feb. 2020 that would allow the cannabis producer to borrow up to $79.8 million. The loan came with an annual interest rate of prime plus 8.05 per cent and was set to mature next February.
During a recent interview with Benzinga, Red White & Bloom Brands Inc. s (OTCQX: RWBYF) chairman and CEO Brad Rogers said he and his team are focused on executing the business plan they believe works. We know our business. We know our plan, the CEO said.
The cannabis. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Red White & Bloom s Brad Rogers On The Power Of Branding In Cannabis
During a recent interview with Benzinga,
Red White & Bloom Brands Inc. s (OTCQX:RWBYF) chairman and CEO Brad Rogers said he and his team are focused on executing the business plan they believe works. We know our business. We know our plan, the CEO said.
The cannabis multistate operator and its several brands aim to focus on the quality of states in which it s involved in rather than the quantity, he said.
The vision includes brands like Platinum Vapes, a company RWB acquired in July 2020. Rogers said the line now holds roughly 35% of the Michigan vape market share.
Article content
RWB” or the “
Company”) previously announced that it did not file its audit in advance of the April 30, 2021 deadline. The Company anticipates filing its 2020 audited financial statements on or before May 31, 2021. As a result of today’s announcement, RWB is providing certain 2020 and subsequent financial results:
Certain highlights for 2020 and subsequent to the year end:
System wide product sales
1 for the Company, which excludes RWB Michigan, RWB Florida and RWB Illinois, in the fourth quarter of 2020 were approximately CDN $26.5 million, an increase of 218% over the third quarter and the first full quarter post-closing of the Platinum Vape (“PV”) acquisition;