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Aleafia Health Launches Kin Slips® Rapid Onset Cannabis-Infused Sublingual Strips

Aleafia Health Inc. (TSX: AH, OTC: ALEAF) is pleased to announce the launch of Kin Slips®, its rapid onset cannabis-infused sublingual strip portfolio, in the medical and adult-use markets. The innovative, award-winning format further strengthens Aleafia Health’s expansion of differentiated cannabis health and wellness products. “The launch of Kin Slips in Canada represents a major […]

The post Aleafia Health Launches Kin Slips® Rapid Onset Cannabis-Infused Sublingual Strips appeared first on Technical420.

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Aleafia Health Inc. (TSX: AH, OTC: ALEAF) is pleased to announce the launch of Kin Slips®, its rapid onset cannabis-infused sublingual strip portfolio, in the medical and adult-use markets. The innovative, award-winning format further strengthens Aleafia Health’s expansion of differentiated cannabis health and wellness products.

“The launch of Kin Slips in Canada represents a major milestone for Aleafia Health. Only six months after the licensing of our Paris Facility, we’ve brought one of Canada’s most innovative cannabis product formats to market,” said Aleafia Health CEO Geoffrey Benic. “Our team’s dedication has allowed us to deliver a product that stays true to the original vision of one of California’s most recognized cannabis brands.”

“The team at Kin Slips has spent years building, improving and perfecting this product so that it truly resonates with patients and consumers,” said Kin Slips chief product officer and co-founder Joshua Kirby. “To see it enter a new country with a partner in Aleafia Health that shares our values is incredibly gratifying.”

– ADVERTISEMENT –

Kin Slips® highlights include:

  • Rapid Onset: Kin Slips offers a fast onset time relative to other non-combustible cannabis products. Placed under the tongue, the active ingredients enter the bloodstream through the sublingual gland, delivering a typical onset time of 10 to 15 minutes (though individual experience may vary). In contrast, edibles enter the bloodstream through the digestive tract and stomach lining, which results in a slower onset time.
  • Discreet, Novel Form Factor: Roughly the size of a postage stamp, Kin Slips offers consumers and patients a discreet experience. It is also highly accessible for patients with impaired motor functions who face challenges with other formats.
  • Custom Terpene Profiles: Each Kin Slip SKU features a custom blend of botanically sourced terpenes.
  • Natural Peppermint Flavour: Kin Slips are formulated with peppermint oil to deliver a fresh minty sensation. They are also vegan and contain only natural ingredients.

The new product line features three profiles and a total of five SKUs. They will be sold to medical patients as Emblem Kin Slips and in the adult-use market as Kin Slips by Symbl.

  • Float On: Crafted with a blend of cannabinoids and terpenes commonly found in indica strains, Float On features two SKUs of 10 mg and five mg of THC per slip.
  • Cloud Buster: Crafted with a blend of cannabinoids and terpenes commonly found in sativa strains, Cloud Buster features two SKUs of 10 mg and five mg of THC per slip.
  • Park Life: Crafted with a blend of cannabinoids and terpenes commonly found in CBD strains, Park Life contains 10 mg of CBD per slip.

For Investor & Media Relations:

Nicholas Bergamini, VP Investor Relations
1-833-879-2533
IR@AleafiaHealth.com
LEARN MORE: www.AleafiaHealth.com

About Aleafia Health:

Aleafia Health is a vertically integrated and federally licensed Canadian cannabis company offering cannabis health and wellness services and products in Canada and in international markets. The Company operates medical clinics, education centres and production facilities for the production and sale of cannabis.

Aleafia Health owns three significant licensed cannabis production facilities, including the first large-scale, legal outdoor cultivation facility in Canadian history. The Company produces a diverse portfolio of commercially proven, high-margin derivative products including oils, capsules and sprays. Aleafia Health operates the largest national network of medical cannabis clinics and education centres staffed by MDs, nurse practitioners and educators and operates internationally in three continents.

Innovation, the heart of Aleafia Health’s competitive advantage, has led to the Company maintaining a medical cannabis dataset with over 10 million data points to inform proprietary illness-specific product development and its highly differentiated education platform FoliEdge Academy. The Company is committed to creating sustainable shareholder value; the TSX Venture Exchange named Aleafia the 2019 top performing company prior to its graduation to the TSX.

Forward Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian and United States securities laws. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained in this news release. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, including risks contained in the Company’s annual information form filed with Canadian securities regulators available on the Company’s SEDAR profile at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. The forward-looking information included in this news release are made as of the date of this news release and the Company does not undertake any obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

Source: https://technical420.com/cannabis-article/aleafia-health-launches-kin-slips-rapid-onset-cannabis-infused-sublingual-strips/

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How to open a dispensary in New York

The post How to open a dispensary in New York appeared first on Cannabis Industry Lawyer – Tom Howard.

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Connecticut Cannabis Establishment License

Do you want to open a dispensary in New York but don’t know where to start? This page will keep you informed of the latest news and updates about starting a cannabis company in New York.

New York became the 15th state to legalize recreational cannabis on March 31st. This means that one of the most promising cannabis markets has opened up.

Opening a Cannabis Dispensary in New York

New York will issue retail licenses to applicants, although we don’t know the timeframe in which the application process is going to start, it is expected that retail sales would start in 2022.

With the revenue generated by cannabis dispensaries in the billions of dollars and rising, these developments present a very lucrative opportunity. However, opening and running a dispensary is a challenging business venture:

  • Opening a dispensary requires a lot of considerations, compliance with numerous regulations and a significant amount of capital. 
  • Costs to open your doors could run from $500,000 upwards of millions depending on real estate costs and the size of the operation.
  • Many cannabis dispensaries are selling millions of dollars of product a month
  • Competition for new dispensaries tends to be fierce.

Prepare a Business Plan

You will need a business plan if you seek to open a dispensary in New York. There are several aspects that your business plan should cover. These are explained in detail below:

  • Product/Service Description – This entails how you plan to run the dispensary and the unique aspects about it. Try to be as specific as possible. Include details of the strains of flower you will dispense and where you will source them.
  • Market Research – This section includes the methods you used to identify your target customers and how this data will affect your marketing, operations and pricing. Always use concrete numbers (ideally verified by a third party) rather than estimates.
  • Competitors – Includes details on other businesses that you will compete with, either directly or indirectly. What are their strengths and weakness, and how do you plan to differentiate your business.
  • Leadership Team – This section includes a summary of your qualifications and those of your management team. You may include business development experience in other sectors, leadership skills or customer service.
  • Financials – This section can be quite daunting. It involves formulating a clear and concise budget. You should include a long-term (say 5 years) financial forecast that includes operational expenses, net profit and projected annual revenue.

A revenue forecast is conducted by estimating how much product you think you will sell production costs, retail price and complementary costs (payroll, rent, transport, etc.). You may also include a break-even analysis, with an estimated timeline until profitability.

  • New York-specific Requirements – You may include details of covering your security systems, secure product transport, product tracking, waste plans and other state requirements.
  • Investor Proposal – Involves how you will value your shares if you present your plan to investors. Consult with a CPA to ensure you are compliant with state and federal regulations

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Obtain a Cannabis Dispensary License

You can check out the details on how to obtain a cannabis dispensary license here. Obtaining a cannabis license can be incredibly difficult and costly. Further, there usually are strict requirements for prospective dispensary owners.

The prospect of booming business

With the new law set to take effect soon it is only a matter of time before the cannabis industry develops into a multi-billion industry. Residents can take advantage of the various licenses set to be issued out for growers and dispensary owners. Going by the stipulations in the new bill it is a very real prospect that New Yorkcould soon become a cannabis haven and there is no telling what new opportunities may crop up in the process.

Business plans you will need to open a dispensary in New York

There are a lot of things to consider as you prepare to make your application as a cannabis dispensary. If you are looking to apply for the license then you will probably need the following business plans;

  • Financial plan
  • Marketing plan
  • Security plan
  • Suitability of proposed facility
  • Staffing plan
  • Plan with which to educate patients
  • Inventory control

Conclusion

With the right motivation and access to necessary resources, our office can help you successfully start a profitable cannabis dispensary in New York. Although it is important to note that this process takes time even when you have the resources.

Given the licensure steps, finding a suitable location and developing your storefront to meet the state requirements, it may take well over a year from application to selling.

Remember: the cannabis industry is heavily regulated and getting help from industry, and business experts is recommendable.

And lastly, don’t miss out on our Marijuana Legalization Map where you can browse the current status of laws in every state in the United States and see all our posts on each of them.

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HEXO Corp Announces Filing of $1.2B Preliminary Base Shelf Prospectus

HEXO Corp (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced it has filed a new preliminary short form base shelf prospectus (the “Base Shelf Prospectus”) with securities regulators in each of the provinces and territories of Canada and a corresponding shelf registration statement on Form F–10 (the “Registration Statement”) with the United States […]

The post HEXO Corp Announces Filing of $1.2B Preliminary Base Shelf Prospectus appeared first on Technical420.

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HEXO Corp (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced it has filed a new preliminary short form base shelf prospectus (the “Base Shelf Prospectus”) with securities regulators in each of the provinces and territories of Canada and a corresponding shelf registration statement on Form F–10 (the “Registration Statement”) with the United States Securities and Exchange Commission (the “SEC”).

“We made the decision to file this new base shelf prospectus and registration statement to provide maximum flexibility as we continue to pursue strategic initiatives in both the United States and Canada,” said HEXO CEO and co-founder Sebastien St-Louis. “We have now started to deploy capital in the United States, are remaining active in M&A and are in ongoing discussions with potential non-beverage CPG partners which we expect will require additional capital as we continue to execute on our growth and expansion strategy.”

The Base Shelf Prospectus and Registration Statement, when made final and effective, will enable HEXO to make offerings of up to C$1.2 billion of common shares, warrants, subscription receipts and units or a combination thereof from time to time, separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of the offering and as set out in an accompanying prospectus supplement, during the 25-month period that the Base Shelf Prospectus and Registration Statement, when made final, remain valid. The specific terms of any future offering will be established in a prospectus supplement to the Base Shelf Prospectus, which supplement will be filed with the applicable Canadian and U.S. securities regulatory authorities. Unless otherwise specified in the prospectus supplement relating to a particular offering of securities, the net proceeds from any sale of any securities may be used by HEXO for general corporate purposes, including expansion plans in the United States, potential future acquisitions, potential international expansion, capital projects, repaying indebtedness outstanding from time to time and funding ongoing operations and/or working capital requirements.

Copies of the Base Shelf Prospectus and Registration Statement can be found under the Company’s profile on SEDAR at ‎ www.sedar.com and EDGAR at www.sec.gov, respectively.‎

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About HEXO (TSX: HEXO; NYSE: HEXO)

HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market. The Company serves the Canadian adult-use markets under its HEXO, HEXO Plus, Up, Original Stash and Bake Sale brands and the medical market under HEXO medical cannabis. For more information, please visit hexocorp.com.

Forward Looking Statements

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors that could cause actual events, results, performance and achievements to differ materially from those anticipated in these forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.

Investor Relations:
invest@HEXO.com
www.hexocorp.com

Media Relations:
(819) 317-0526
media@hexo.com


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Source: GlobeNewswire (April 15, 2021 – 5:30 PM EDT)

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How to open a marijuana dispensary in Maine

The post How to open a marijuana dispensary in Maine appeared first on Cannabis Industry Lawyer – Tom Howard.

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How to open a dispensary in Maine

Are you wondering how to open a marijuana dispensary in Maine? This page will keep you up to date with the latest news and information relevant to opening a marijuana store in Maine.

Although adult-use marijuana was legalized in 2016, Maine did not establish regulations for commercial sales until 2019, when Gov. Janet Mills signed LD 719 to approve a ruleset.

Maine’s Office of Marijuana Policy (OMP) is in charge of the licensing process of the adult-use marijuana establishments. The first licenses were issued in September, 2020, and sales began in October of the same year.

A marijuana store is an establishment licensed to purchase adult use marijuana, immature marijuana plants and seedlings from a cultivation facility, to purchase adult use marijuana and adult use marijuana products from a products manufacturing facility and to sell adult use marijuana, adult use marijuana products, immature marijuana plants and seedlings to consumers.

You’d need a marijuana store license in order to open a marijuana dispensary in Maine

What are the steps to open a dispensary in Maine?

In order to open a marijuana dispensary in Maine, you’d have to obtain a “marijuana store license” according to the Marijuana Legalization Act. To apply for a license, you’d have to go through three steps:

  • Conditional licensure
  • Local authorization
  • Active licensure

Conditional licensure

All applicants must submit to a criminal history records check, and each applicant for a license will be required to obtain an OMP-issued Individual Identification Card (IIC). Within 90 days of having submitted all application forms and required attachments, the OMP will either deny the license or issue a non-renewable conditional license valid for one year.

Local authorization

In order to be eligible for an active license, all conditional licensees must seek local authorization at the municipality they are operating in. The municipality will have 90 days to determine the request and then send an approved local authorization form directly to the OMP. Within 10 days of receiving an approved local authorization form, the OMP will request supplemental information and updated documents from the applicant.

Active licensure

Supplemental information required for the issuance of an active license includes evidence of compliance with all electrical and permitting requirements and appropriate tax information and documents. Upon satisfaction that all requirements have been met, OMP will invoice the applicant for the licensing fee. Once payment is received, OMP will issue an active license that is valid for one year.

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General licensing criteria

According to Maine’s Marijuana Legalization Act, in order to open a marijuana dispensary in Maine, your application for a cannabis establishment license has to comply with each of the following requirements:

  • Age. The applicant must be at least 21 years of age. If the applicant is a business entity, every officer, director, manager and general partner of the business entity must be at least 21 years of age.
  • Residence. If the applicant is a natural person, the applicant must be a Maine resident. If the applicant is a business entity:
    • Every officer, director, manager and general partner of the business entity must be a natural person who is a resident; and
    • A majority of the shares, membership interests, partnership interests or other equity ownership interests as applicable to the business entity must be held or owned by natural persons who are residents or business entities whose owners are all natural persons who are residents.
  • Incorporation in state. If the applicant is a business entity, the business entity must be incorporated in the State of Maine or otherwise formed or organized under the laws of the State of Maine.
  • No disqualifying drug offense. The applicant may not have been previously convicted of a disqualifying drug offense.
  • Not an employee of a state agency. The applicant may not be employed by the department or any other state agency with regulatory authority.
  • Not a law enforcement officer or correction officer. The applicant may not be a law enforcement officer.
  • No license revocation. The applicant may not have had a license previously issued under Maine’s legislation revoked.
  • No medical registry identification card or registration certificate revocation. The applicant may not have had a registry identification card or registration certificate previously issued pursuant to the Maine Medical Use of Marijuana Act revoked.
  • No revocation of other state marijuana license, permit, certificate or other government-issued authorization. The applicant may not have had a license, permit, certificate or other government-issued authorization issued in another jurisdiction allowing the cultivation, manufacture, testing or sale of marijuana or marijuana products revoked.
  • No outstanding court-ordered payments. A license may not be issued to an applicant that has any outstanding payments due in the State of Maine on court-ordered fines, court-appointed attorney’s fees or court-ordered restitution.
  • Criminal history record check. The applicant must have submitted to a criminal history record check.
  • Compliance with application process; no false statement of material fact. The applicant must have completed all application forms required by the department fully and truthfully and complied with all information requests of the department relating to the license application. A license may not be issued to an applicant that has knowingly or recklessly made any false statement of material fact to the department in applying for a license.

Further, the department has to consider, in order to grant a cannabis establishment license, the following additional licensing requirements:

    • Other convictions. The applicant shall submit information regarding the applicant’s criminal convictions in this State or in another jurisdiction for any offense involving dishonesty, deception, misappropriation or fraud. The applicant may submit and the department shall consider if submitted any information regarding the applicant’s criminal history record, including, but not limited to, evidence of rehabilitation, character references and educational achievements, with special consideration given to the time between the applicant’s last criminal conviction and the consideration by the department of the application for licensure.
  • Tax compliance. The applicant has to submit the following:
    • The applicant’s history of paying income and other taxes owed to the State, to another jurisdiction, if applicable, and to the United States Internal Revenue Service over the 2 years immediately preceding the year in which the application is filed; and
    • Any outstanding tax liens imposed or levied against the applicant in this State or in another jurisdiction within the 5 years immediately preceding the year in which the application is filed.
  • Other state marijuana-related violations or penalties. If the applicant has held a license, permit, certificate or other government-issued authorization in another jurisdiction allowing the cultivation, manufacture, testing or sale of marijuana or marijuana products, the applicant shall submit information regarding any violations by or penalties imposed on the applicant in that other jurisdiction.

Causes for denial of a Maine marijuana license

The department may deny an application for a Maine marijuana establishment license for a “good cause”. Maine’s legislation defines a “good cause” as follows:

  • An applicant or licensee has violated, does not meet or has failed to comply with any of the terms, conditions or provisions of the legislation regarding the licensing process.
  • An applicant or licensee has failed to comply with any special terms, consent decree or conditions placed upon the previously issued license pursuant to an order of the department; the municipality in which the licensed premises are located; the town or plantation in the unorganized and deorganized areas in which the licensed premises are located; in the case of a township in the unorganized and deorganized areas in which the licensed premises are located, the county commissioners of the county in which the township is located; or, in the case of a marijuana establishment located in the unorganized and deorganized areas, the Maine Land Use Planning Commission.

Upon the department’s determination to deny a license application, the department shall notify the applicant in writing of the denial, the basis for the denial and the applicant’s right to appeal the denial to the Superior Court

Official costs associated with the application for a Maine marijuana license

  • Application fee: $250
  • Annual licensure fee: No more than $2,500 (depends on your municipality)

Other than these, you’d also have to consider your budget to cover your business operations. The amount of money you’d need to raise will highly depend on the expected scale of your business, if you need more information, you can contact us so we can give you some guidance on the matter.

Also, make sure to check out our Map of Marijuana Legality by State, so you can stay updated on where the industry is standing regarding cannabis legalization.

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