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International Cannabis Weekly: 264

September 9, 2022

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LYPHE GROUP ARE SET TO ACQUIRE MATERIA AND CREATE A NEW EUROPEAN CANNABIS POWERHOUSE

London-based Lyphe Group has signed an agreement to acquire Materia for an undisclosed sum, with the new combination expected to have a ‘massively positive effect’ on the industry.

The transaction will see the creation of a new European cannabis powerhouse with an established footprint in the largest markets and capabilities spanning the supply chain vertical for medical cannabis.

It marks the latest major development from Lyphe, which has been pushing to replicate its successful direct-to-consumer business model across international markets.

With Materia’s EU GMP (Good Manufacturing Practice) certified manufacturing facility in Malta, and an established distribution channel in Germany, Lyphe will not only be able to accelerate its expansion plans but also significantly reduce costs for patients.

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ADULT-USE SALES IN NEW YORK ARE STILL SET TO HAPPEN IN 2022

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KING’S COLLEGE TO LEAD THE LARGEST EVER INDEPENDENT STUDY INTO CANNABIS

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Europe

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Stocks

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United States

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Join us in New York on 3 November as we bring together influential business leaders, policy makers, investors and cannabis industry experts at Business of Cannabis: New York. Get your tickets now with 30% OFF when you purchase one or more premium packages for The North American Cannabis Report: 3rd Edition.

Market Sizing: Market sizing forecasts from 2022–2026 for key markets in the North American cannabis industry – including a state-by-state breakdown for the largest and most exciting emerging markets, like New York.

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Canada
  • Supreme Court approves C$2.3 million payout in class action against Organigram over tainted cannabis.
  • Icanic Brands Company Inc. announces the appointment of Micah Anderson as Chief Executive Officer.
  • Cannabis stores, restaurants and bars in British Columbia are starting to restock after a distribution strike.
  • Cannara Biotech Inc. has announced that Derek Stern acquired 720,000 common shares in the capital of Cannara.
  • Vancouver foundation’s cannabis distribution programme gets Health Canada’s approval.
  • Cannabis retailer Superette Inc. has been granted court protection from creditors under the Companies’ Creditors Act.
  • Growers authorised to produce cannabis by Health Canada in Winnipeg will soon need another licence by the city.
  • FIKA opens the world’s first cannabis retail store in a major transportation hub at Toronto’s Union Station.

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LATAM & The Caribbean
  • The province of Corrientes in Argentina has launched a new initiative to promote the production of medical cannabis.
  • President Cortizo of Panama has signed a decree to regulate access to medicinal cannabis.
  • A new study suggests that human clinical trials are needed to understand the benefits of CBD for heart health.
  • Allied Corp. claims it has shipped the world’s largest known legal cannabis export to Colombia.
  • The Seychelles Kannabis Association has launched to lobby for the legalisation of cannabis use.
  • A top senator has said that Mexico is falling behind other countries on cannabis legalisation.
  • The UK Government has blocked Bermuda from legalising cannabis the day the new Prime minister takes office.
  • Argentine company Cannava has been nominated as the best firm for medical cannabis production in Latin America.

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Upcoming Event

JOIN THE NORTH AMERICAN CANNABIS REPORT: 3RD EDITION LIVE WEBINAR

The North American Cannabis Report: 3rd Edition provides the latest information and analysis on the development of the nascent cannabis markets across North America. In 2021, the North American cannabis industry continued to grow and showed more promise than ever, with New York, New Jersey, Virginia, New Mexico, Montana and Connecticut all enacting, amending or passing adult-use cannabis legislation during the year.

In partnership with the report’s sponsors – The ARC Research Hub for Medicinal Agriculture, Gallagher, CannDelta, Cannabusiness ERP, Leafly, MTY Expo and Akanda – we will come together on 15 September at 15:00 to explore the trends, challenges and opportunities in the North American cannabis industry during this live webinar.

If you haven’t already, then download the North American Cannabis Report: 3rd Edition to complement the webinar and get the latest insight on the North American cannabis industry.

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APAC
  • Despite metropolitan France setting up an experiment with medicinal cannabis, French Polynesia has not been included.
  • The Minister for Home Affairs in Singapore is unlikely to decriminalise medicinal cannabis.
  • Epsilon Healthcare has raised A$1.65 million in capital with former CEO Jarrod White participating in the raise.
  • The Green Party in Queensland has pledged to defend drug driving charges for medical cannabis patients.
  • A medical cannabis trial in Australia has concluded that prolonged use in adults reduces the frequency of seizures.
  • Cronos Australia has said it plots further growth of its CanView platform and targets A$100 million revenue.

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Africa & The Middle East
  • For the second month in a row there has been a sharp increase in the number of Israeli medical cannabis patients.
  • Israeli pharmaceutical company Teva has diversified into the cannabis market and is touted to become a major player.
  • Morocco’s new cannabis production law is causing frustrations amongst farmers due to the delay in implementation.
  • The Health and Childcare minister of Zimbabwe has urged the country to embrace the legal use of cannabis.
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