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Tilray CFO Takes to Reddit to ‘Clear The Air’ After Refinancing Deal

Amid growing concerns about the volatility of the cannabis market and its impact on Tilray’s recent downbeat stock price, Tilray’s CFO Carl Merton engaged directly with shareholders and industry enthusiasts last week in an Ask-Me-Anything session on Reddit. Merton, responding to users under the name “TilrayIR,” fielded questions from users …

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Allegations of Ponzi Scheme, Forged Documents Plague Cannabis REIT IIPR

Cannabis real estate investment trust Innovative Industrial Properties Inc. (NYSE: IIPR) is facing more legal fury from its shareholders. The plaintiffs allege that the REIT’s directors neglected to properly vet two of its largest tenants, Southern California-based Kings Garden and Parallel, resulting in considerable financial losses when the tenants became …

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New Cannabis Coalition Aims to Influence Federal Rescheduling Process

A broad group of marijuana companies, cannabis trade organizations, nonprofits, law firms, doctors, ancillary companies, and activists has joined forces in the hopes of influencing a review by the Biden administration which could result in federal marijuana legalization. The group, called the Coalition for Cannabis Scheduling Reform, will try to …

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SpringBig Sued by Kind+ for Alleged Copycat Subscription Service

Florida-based cannabis marketing company, SpringBig Inc. (Nasdaq: SBIG), is being sued by Kind+ Inc., a Massachusetts-based cannabis subscription service, for allegedly using their partnership to create a competing business. The lawsuit, filed Monday in Massachusetts state court, asserts that SpringBig failed to uphold a contractual agreement to promote Kind’s cannabis …