Video Staff
It was a shortened trading week with markets closed on Monday for the Martin Luther King holiday. It was also a fairly quiet week for news in the industry.
Agrify Corporation (Nasdaq: AGFY) reported that its fourth-quarter 2021 new bookings exceeded $250 million and the company reaffirmed its fourth-quarter 2021 revenue guidance of $26 million to $28 million. The company recently faced a short seller attack that accused the company of working with unlicensed producers, but Agrify says it is servicing early-stage cultivators.
MariMed, Inc. (OTCQX: MRMD) signed a definitive agreement to acquire Green Growth Group, Inc. holder of a provisional Cannabis Craft License in Illinois. MariMed gets a building to develop up to 14,000 square feet of canopy for cultivation, build an extraction lab to produce concentrates, and build a production kitchen for the manufacture of edibles and other derivative products. The price wasn’t disclosed.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) announced the termination of the previously announced definitive agreement to acquire 100% of the outstanding equity interest in Blair Wellness, LLC, a Baltimore Maryland medical cannabis dispensary. “We have terminated the purchase agreement with Blair Wellness due to the failure of certain closing conditions to be met prior to our specified termination date,” said Charlie Bachtell, Cresco Labs’ CEO & Co-founder.
Curaleaf Holdings, Inc. (CSE: CURA /OTCQX: CURLF) announced the completion of its previously announced acquisition of Bloom Dispensaries, a vertically integrated, single state cannabis operator in Arizona. With the close of the Transaction, Curaleaf’s retail footprint has reached 13 dispensaries in Arizona and 121 nationwide.
National supplements retailer GNC is going to start selling Charlotte’s Web Holdings (OTC: CWBHF), Inc. full spectrum hemp extract products. Initial shipments of six varieties of Charlotte’s Web Gummies will be available for purchase at GNC retail locations across 24 states, with the intent to expand into additional states.
And finally, the Green Market Report released its fourth-quarter Cannabis Company Index recap this week. You can find the report on our website under the reports tab.
