The cannabis company has no immediate plans to offer or sell any securities under the shelf registration. …

The cannabis company announced the strategic exit to focus on core markets. The net proceeds from its divestitures will be used to pay down debt. …

State regulators plan to prohibit smoking, combustion and vaping, but a formal rulemaking process is underway before an October licensing deadline. …

The excise tax increase will drive more Californians to the unlicensed market; Assembly Bill 564 offers a path to roll back the policy. …