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The Daily Hit: January 21, 2021

It’s time for your Daily Hit of financial cannabis news for January 21, 2021. On The Site Revive Therapeutics No sooner had Revive Therapeutics Ltd. (OTC: RVVTF) announce it had raised $10, then it stopped trading to say the deal was upsized to $20 million. Revive is a specialty life sciences company focused on the research and […]

The post The Daily Hit: January 21, 2021 appeared first on Green Market Report.

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It’s time for your Daily Hit of financial cannabis news for January 21, 2021.

On The Site

Revive Therapeutics

No sooner had Revive Therapeutics Ltd. (OTC: RVVTF) announce it had raised $10, then it stopped trading to say the deal was upsized to $20 million. Revive is a specialty life sciences company focused on the research and development of therapeutics for medical needs and rare disorders. The company entered into an agreement with Canaccord Genuity Corp. and Leede Jones Gable Inc. to pay $0.50 per Equity Unit. Under the amended terms, the Underwriters have agreed to purchase, on a bought deal basis, 40 million Equity Units for gross proceeds to the Company of $20 million. The stock was lately selling at $0.47. The closing of the offering is expected to occur on or about the week of February 8, 2021.

The company said that the net proceeds would be used for Phase 3 ‎clinical costs for Bucillamine for COVID-19, Phase 1 clinical ‎costs for Psilocybin for methamphetamine use disorder ‎study, and other Psychedelic formulation development work as well as working capital and general corporate purposes. ‎

Auxly

Auxly Cannabis Group Inc. (OTCQX: CBWTF) has raised $15 million with a deal in which ATB Capital Markets Inc. and Cantor Fitzgerald Canada Corporation, as co-lead underwriters and joint book-runners, together with a syndicate of underwriters will buy 40,550,000 Units of the Company at a price per unit of $0.37. The stock was lately selling at $0.33. The offering is expected to occur on or about February 10, 2021.

Auxly said each Unit shall be made up of one common share of the company and one-half of one Common Share purchase warrant of the Company. Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.46 at any time up to 36 months from the closing of the Offering.

In Other News

Aurora Cannabis Inc. (ACB) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and ATB Capital Markets, under which the underwriters have agreed to buy on bought deal basis 12,000,000 units of the company, at a price of US$10.45 per Unit for gross proceeds of approximately US$125 million. Each Unit will be comprised of one common share of the Company and one half of one common share purchase warrant of the Company. Each Warrant will be exercisable to acquire one common share of the Company for a period of 36 months following the closing date of the Offering at an exercise price of US$12.60 per Warrant Share, subject to adjustment in certain events.


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Legislative review: Senate committee passes bill that could reduce regulatory standards for farmers

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State of the State address goes virtual

People hold American flags Monday, Jan. 11, 2021, outside the Capitol building in Boise. Governor Brad Little gave his State of the State address later that afternoon virtually.

BOISE — The Senate Agricultural Affairs Committee passed a bill this week that could lead to less stringent regulations for farmers and ranchers in the state.

House Bill 167 would require the Idaho State Department of Agriculture to consider the economic implications of rules and regulations the department imposes.

“Where not prohibited by federal or state law, the requirements imposed on agricultural operations shall be economically feasible, based on data, studies, and other information,” the bill states.

The Associated Press reports the legislation comes after agriculture groups in the state tried, and failed, to get the department to reduce the standards regulating the amount of cow manure that can be placed on fields as fertilizer. Cow manure contains phosphorous, which can pollute waterways through runoff or seeping into the ground and rising to the surface in springs.

According to the Associated Press, Bob Naerebout of the Idaho Dairymen’s Association — one of the groups supporting the bill — told the committee that the industry wants to follow the state’s regulations, but ones that aren’t economically sustainable shouldn’t be in place.

The bill now goes to the full Senate for a vote. It passed through the House in February with a 57-10 vote.

Legislative review: House committee postpones decision on hemp bill

Legalizing hemp

A few days after delaying a vote on a bill to legalize industrial hemp in Idaho, the House Agricultural Affairs Committee passed the legislation on Tuesday.

Idaho is the only state in the country that hasn’t legalized industrial hemp, which is a variety of cannabis with a THC concentration of less than 0.3%. THC is the psychoactive compound present in marijuana.

In December 2018, Congress passed legislation that removed hemp’s status as an illegal substance. And in January, the United States Department of Agriculture released its final rule governing industrial hemp production in the country, Braden Jensen, a representative with the Idaho Farm Bureau Federation, told the committee on Feb. 24.

Despite this federal action, hemp remains listed on Idaho’s Schedule I controlled substance list, and House Bill 126 wouldn’t remove hemp from this list altogether. Instead, it would only legalize hemp for farming purposes.

During the first committee meeting on this legislation, multiple lawmakers said they would rather see a bill move forward that removes hemp from this Schedule I list so that Idahoans could legally access hemp-based products containing THC concentration levels below 0.3%.

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“I know it does need to be removed, but based on the political climate and our administration here in the Capitol, I don’t think it would ever go anywhere,” Rep. Dorothy Moon, R-Stanley, said during the committee’s Feb. 24 meeting.

After passing through the committee, the bill moves to the full House for a vote.

Legislative review: Houses passes bill taking away local control of renaming streets, removing monuments

Sex education opt in requirement

Parents would have to opt in before their kids could receive some sex education lessons in school under a bill the House passed on Friday.

The legislation, if enacted, would change existing state law that allows parents the option to prevent their children from receiving sex education lessons in school.

Under this law, parents would have to complete a written form two weeks prior to the sex education lesson. These are lessons that cover the topics of “sex, gender identity, sexual orientation, eroticism, sexual pleasure, or sexual intimacy.”

The House passed the legislation with a 56-12 vote.

Legislative review: Senate passes constitutional amendment prohibiting marijuana legalization

Defunding abortion providers

The House passed legislation on Tuesday that aims to prevent public funding from reaching abortion service providers of any kind.

House Bill 220 would prevent all levels of government — including cities, counties, school districts and public health districts — from contracting or participating in commercial transactions with abortion providers. The bill also prohibits public employees from assisting someone in receiving an abortion or counseling them about their abortion options.

The Associated Press reports that opponents to the legislation say it could prevent some women from accessing cancer screenings, birth control and other services offered by providers such as Planned Parenthood. Other lawmakers opposed to the bill because it didn’t ban abortion altogether.

After passing the House with a 55-14 vote, the legislation heads to the Senate.

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Legislative review: Senate committee passes bill that could reduce regulatory standards for farmers

Republished by Plato

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Legalizing hemp. A few days after delaying a vote on a bill to legalize industrial hemp in Idaho, the House Agricultural Affairs Committee … Checkout PrimeXBT
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Steve Dale's Pet World 3/7/2021 | CBD and pets, EveryCat Health Foundation, and more

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Steve Dale’s Pet World 3/7/2021 | CBD and pets, EveryCat Health Foundation, and more | WGN Radio 720 – Chicago’s Very Own




























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Source: https://www.google.com/url?rct=j&sa=t&url=https://wgnradio.com/steve-dales-pet-world/steve-dales-pet-world-3-7-2021-cbd-and-pets-everycat-health-foundation-and-more/&ct=ga&cd=CAIyGjQ2MzM1ZTBkNWQyZmIyYzc6Y29tOmVuOlVT&usg=AFQjCNFrFnZSVSjKLlcsHvRDtaGCqab15g

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