By WHAV Staff |
Proposed entrance to Mellow Fellows, 330 Amesbury Road, Haverhill.
Mellow Fellows Vice President Charles F. Emery addressed the Haverhill City Council on Aug. 20, 2019. (WHAV News file photograph.)
When Haverhill-based Mellow Fellows opens its adult-use marijuana store late this summer, it could earn more than $1 million a month.
According to the company’s lawyer, this potential has attracted two more investors. Attorney Jim Smith told WHAV that Mellow Fellows, owned by Charles Emery, Timothy Riley and E. Phillip Brown, will receive investments from two more businesses. A principal of one of them, Arthur Becker, became the store’s landlord Friday. Smith said negotiations with a second unnamed investor are still in the works.
The offering would include equity shares aggregating up to Rs 1,500 crore and offer of sale of up to Rs 5,800 crore by the promoter BCP Topco VII Pte Ltd.In i
MedCity News
3 recommendations that would improve adoption of digital mental health tools
A group of stakeholders recommended developing reimbursement mechanisms and standards frameworks to help improve uptake of digital mental health tools in the U.S.
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Since the start of the pandemic, more companies have adopted digital tools to give people access to mental healthcare. Investors poured a record amount into these tools, roughly $2 billion in equity funding, according to data from CBInsights. Startups got a boost when the Food and Drug Administration waived regulatory requirements that “computerized behavioral therapy devices” submit a 510(k) premarket notification.
Despite these changes, digital mental health tools still face significant challenges to adoption in the U.S. The lack of reimbursement or evidence standards are two big barriers to uptake.
The Blink-182 drummer is caught on camera stepping out in Malibu after allegedly spending time together with the Keeping Up with the Kardashians star in Palm Springs.