MJBiz - November/December 2023 - 18

COMPANY NEWS U.S. & International
wrongdoing under a settlement
agreement reached with the
U.S. Securities and Exchange
Commission, but both agreed to
pay fines in connection with the
charges leveled by the agency.
Levin will now serve a three-year
ban from serving as an officer or a
director, according to the SEC.
Vermont Marijuana
Entrepreneur Sues Slang
Executives of Toronto-based
marijuana multistate operator
Slang Worldwide allegedly hid
their financial challenges when
negotiating to acquire a Vermontbased
cannabis operation, according
to a lawsuit.
Shayne Lynn, former owner of
vertically integrated High Fidelity,
claims in the suit that Peter Miller,
Slang's co-founder and ex-board
chair; Christopher Driessen, a
former CEO; and the company
are guilty of fraud and negligent
misrepresentation.
Slang bought High Fidelity, the
parent company of cannabis retailer
CeresMed, in a stock-and-cash
merger valued at $17.25 million in
June 2021, just before the state
launched its adult-use market.
According to the suit, Slang allegedly
failed to disclose the Canadaheadquartered
company was badly
in need of cash to continue and
that the acquisition would help
secure a loan. Lynn said in the filing
that he learned about that situation
after the merger closed and, under
terms of the deal, he had taken his
seat on the Slang board of directors.
Utah Dispensary Workers
Vote to Unionize
Employees of
Dragonfly
Wellness, a
medical marijuana
dispensary in
Salt Lake City,
voted to join the United Food and
Commercial Workers (UFCW).
The workers are the first
cannabis-sector employees in Utah
to unionize, according to Phoenixbased
UFCW Local 99.
The unionization vote involved
30 employees, according to the
National Labor Relations Board,
an independent federal agency that
protects the rights of private-sector
employees to collectively bargain.
Lab Closes Over
Compliance Concern
Owners of a marijuana testing
lab said they've shut down out
of concern that regulators are
more focused on tax revenue and
less on a concern that Montana's
compliance software could lead to
untested cannabis.
Ron and Kristine Brost of
Stillwater Labs in Olney, said
large batches of cannabis aren't
being tested because of an issue
with Metrc, the state's cannabis
compliance tracking software.
INTERNATIONAL DEVELOPMENTS
ECS Botanics Secures
$15 Million Offtake Deal
Australia-based medical cannabis
company ECS Botanics Holdings
secured a binding offtake
agreement to supply dried flower
to MediCann Health Pty, which
provides patients with access to
doctors and pharmacists who have
experience prescribing cannabisbased
medication.
ECS agreed to supply 4.4 tons
of pharmaceutical-grade cannabis
flower worth $15 million
(AU$24 million) over five years to
Perth-based MediCann, according
18 November-December 2023 | MJBizMagazine
to a news release. The companies
both expect the offtake volumes
to exceed the minimum contracted
amounts.
ECS also disclosed a deal to supply
Good Manufacturing Practice
(GMP)-manufactured dried flower
worth $1.9 million to Sydney-based
Kristan Barbour, division
administrator of the state's
Cannabis Control Division,
acknowledged that the software
could allow for larger batches to be
approved without being properly
tested.
Barbour said the division is hiring
more staff to investigate issues
with retail operators and working
with Metrc to solve the issue.
Striking Curaleaf
Employees Return to Work
Workers at a Curaleaf Holdings
marijuana store in central Phoenix
went on a daylong strike to protest
a wrongful termination and
operational policies, organizers told
MJBizDaily.
In conjunction with the strike,
the United Food and Commercial
Workers Local 99 held a rally
and news conference outside the
store, urging the New York-based
marijuana multistate operator
to reinstate a fired worker
and advance union contract
negotiations.
Employees at Curaleaf Midtown
voted in June 2022 to unionize
but have yet to finalize a contract,
according to a news release.
The National Labor Relations
Board has issued a complaint
alleging that Curaleaf Midtown
terminated a worker for her union
activity and changed policies
without negotiating with the
union.

MJBiz - November/December 2023

Table of Contents for the Digital Edition of MJBiz - November/December 2023

MJBiz - November/December 2023 - CT1
MJBiz - November/December 2023 - CT2
MJBiz - November/December 2023 - Cover1
MJBiz - November/December 2023 - Cover2
MJBiz - November/December 2023 - 3
MJBiz - November/December 2023 - 4
MJBiz - November/December 2023 - 5
MJBiz - November/December 2023 - 6
MJBiz - November/December 2023 - 7
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MJBiz - November/December 2023 - Cover3
MJBiz - November/December 2023 - Cover4
MJBiz - November/December 2023 - CT3
MJBiz - November/December 2023 - CT4
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