MJBizMag August 2020 - 22

CompanyNews | U.S., Canada & International
full-on brick-and-mortar model, " Jocelyn told Marijuana
Business Daily. " In those areas, maybe it's a cupboard,
maybe it's a cabinet. Their selection would be limited, but
maybe that's all that's required in those areas. "
Delta 9 currently operates four licensed cannabis
stores in Manitoba and recently announced that its retail
subsidiary had acquired two Modern Leaf retail cannabis
stores in Alberta.
Hospitality Meets Cannabis in Manitoba
Manitoba marijuana producer and retailer Delta 9
Cannabis inked a deal to be the " exclusive cannabis
partner " of the Manitoba Hotel Association (MHA),
a transaction that could promote development of
hotel-operated cannabis stores in the province. Under
the partnership, Delta 9 will canvass MHA members
and " develop interest in establishing retail cannabis
outlets and selling Delta 9 Cannabis products on site in
Manitoba hotels, " according to the company.
MHA President and CEO Scott Jocelyn said that the
store-within-a-store model could work for some of the
group's 275 member hotels, especially in rural areas.
" The reality is, for a lot of those folks, they don't need the
Auxly Closes $3 Million Tranche of Financing
Auxly Cannabis Group in Toronto issued an additional
$3 million worth of unsecured convertible debentures
under its $25 million debenture standby facility with an
institutional investor.
Debentures have a conversion price of 3.05 cents
per common share, and the investor received warrants
to purchase 5.4 million common shares at an exercise
price of 3.66 cents per common share. Each convertible
debenture will mature June 26, 2022, and will bear
guaranteed interest from the date of issue at 7.5% per
annum, payable semiannually on June 30 and Dec. 31
of each year.
regulations and seek registration of these medicines
before supplying them to Medleaf.
The initial order of 2,250 bottles labeled under the
Medleaf brand has a target availability date of Oct. 1.
THC Global will offer Medleaf exclusive access to its
CBD 100 Full Spectrum medicine through the end of
2020.
Clever Leaves Obtains EU-GMP Approval
Clever Leaves, an international cannabis company with
its primary operations in Colombia, obtained European
Union-Good Manufacturing Practice certification to
produce marijuana products for medical purposes at
its Colombian facilities. The company plans to use the
certification " to serve international markets, " according
to a news release. EU-GMP is an essential requirement
to export medical marijuana-particularly extracts-to
the European Union.
THC Global Signs White Label Agreement
With Medleaf Therapeutics
THC Global Group in Australia signed an agreement to
produce and supply cannabis medicines to Medleaf in
New Zealand. THC Global plans to submit its products
for review in accordance with New Zealand's new
Khiron Signs Distribution Deal in Germany
for Medical Cannabis
Imports and Sales
Khiron Life Sciences
Corp., a vertically
integrated cannabis
company with core operations in Latin America and
Europe, entered into a distribution agreement with
Nimbus Health in Germany. Khiron plans for its
EU-GMP medical cannabis to be available in German
pharmacies in the third quarter of 2020.
Have a company announcement you want us to
consider? Send a news release or general information
to omars@mjbizdaily.com.
(Note: We're looking for news about expansions,
financing, deals, partnerships and similar
developments, not product-related announcements.)
20 Marijuana Business Magazine | August 2020
INTERNATIONAL DEVELOPMENTS
CANADA DEVELOPMENTS

MJBizMag August 2020

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