Each week, DCN will curate a rundown of startup, tech, and innovation news in the cannabis industry for its new series, DCN Micro News.

February 19TH, 2019

Tilray Closes $35 Million Greenhouse Grower Acquisition

Tilray, Inc. (“Tilray” or “the Company”) (NASDAQ:TLRY), a global leader in cannabis research, cultivation, production and distribution, is pleased to announce the closing of a previously announced definitive agreement (“the Agreement”) to acquire all of the issued and outstanding securities of Natura Naturals Holdings Inc. (“Natura”), the parent company of a licensed cultivator of cannabis. As a result of the finalized acquisition, Tilray and High Park have obtained the 662,000 square-foot greenhouse cultivation facility, of which 155,000 square feet are currently licensed.

Original Press Release, Click Here.

TERRANUEVA CORPORATION  Announces Completion of Private Placement of $366,666

TERRANUEVA CORPORATION (“Terranueva” or the “Company”) is pleased to announce that it has completed a private placement for an aggregate amount of $366,666 in common shares at a price of $0.50 per share, representing an aggregate of 733 332 shares of the capital stock of Terranueva. This private placement comes from the decision of all existing debenture holders who are entitle to convert their debts in accordance with their terms.

Original Press Release, Click Here.

February 20th, 2019

Tilray® to Acquire Manitoba Harvest, the World’s Largest Hemp Food Company

Tilray, Inc. (“Tilray” or “the Company”) (NASDAQ:TLRY), a global leader in cannabis research, cultivation, production and distribution, today announced it has entered into a definitive agreement (the “Agreement”) pursuant to which Tilray will acquire all of the issued and outstanding securities of FHF Holdings Ltd. (“Manitoba Harvest”), from Compass Group Diversified Holdings, LLC (“The Compass Group”) (NYSE:CODI) and other shareholders of Manitoba Harvest (the “Transaction”). Under the terms of the Agreement, Tilray will acquire Manitoba Harvest on a cash and debt-free basis, for an aggregate purchase price, including cash and class 2 Common Stock in the capital of Tilray (“Tilray Shares”), of up to C$419 million pending the achievement of certain milestones after the closing of the Transaction.

Original Press Release, Click Here.

Ascend Wellness Raises $55 Million for Expanding Cannabis Operations

Ascend Wellness Holdings (AWH), a multi-state, vertically integrated cannabis operator, today announced that the company secured $37 million in a bridge round of preferred equity and $18 million in a senior secured cultivation note. The $55 million in raised funds will be used to build out market leading operations in Massachusetts, as well as the continued expansion in limited license cannabis markets.

Original Press Release, Click Here.

Northern Swan Invests $8 Million into European Medical Cannabis Distributor and Wholesaler Cansativa

Northern Swan Holdings, Inc. (“Northern Swan”), a New-York based holding company focused on the medical cannabis industry, has structured an investment of approximately $8 million in Cansativa GmbH (“Cansativa”), a German cannabis distribution and wholesaling company, in order to further accelerate the growth of Cansativa and its integration into the wider European market.

Original Press Release, Click Here.

Cresco Labs Acquires and Opens Hope Heal Health Dispensary in Bristol County, Massachusetts

Cresco Labs (CSE:CL) (OTC:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced the opening of the Hope Heal Health Dispensary (HHH) in Fall River, Bristol County, Massachusetts. Cresco Labs entered in to a definitive merger agreement with HHH for its Massachusetts cultivation, manufacturing, processing, and dispensary operations at the end of 2018. The merger is pending state regulatory approval.

Original Press Release, Click Here.

Cannabis Strategic Ventures Secures $3 Million Investment to Accelerate Corporate Expansion

Los Angeles-based Cannabis Strategic Ventures, Inc. (OTC: NUGS) today announced it has secured up to a $3 million investment from TRITON FUNDS subsequent to an upcoming S1 registration statement. TRITON FUNDS is a San Diego-based investment fund focused on creating a greater sense of community through investments in local companies, entrepreneurs and philanthropy.

Original Press Release, Click Here.

February 21ST, 2019

Bona Vida Announces Launch of Global CBD Platform and Simultaneous Close of Financing Round

Bona Vida, Inc. (“Bona Vida” or the “Company”) is excited to announce the launch of its global CBD platform, focused on developing a portfolio of brand and product verticals within the animal and adult health and wellness space. The Company will be exclusively focused on CBD derived from industrial hemp, with the goal of becoming the dominant worldwide player in this high growth industry.

Original Press Release, Click Here.

NewBridge Global Ventures Acquires Licensing Rights to Hydro Dynamics Patented Cavitation Extraction Technology

NewBridge Global Ventures, Inc. (“NewBridge” or the “Company”), (OTCQB: NBGV), a company focused on the emerging and dynamic legal and regulated cannabis industry, today announced a joint venture partnership with EcoXtraction LLC that gives NewBridge rights to Hydro Dynamics patented cavitation extraction technology for the cannabis industry.

Original Press Release, Click Here.

February 22ND, 2019

CB2 Insights Closes Oversubscribed Private Placement

MVC Technologies Inc., operating as CB2 Insights (“CB2” or the “Company”), a leading data-driven company focused on bringing real-world evidence driven from the point-of-care to the medical cannabis community, is pleased to announce the completion of its non-brokered private placement for gross proceeds of C$5.74M. The raise was conducted concurrently with the Company’s final steps in its previously announced reverse takeover transaction (see previous releases for transaction details – January 23, 2019 and September 7, 2018). CB2 is pleased to announce that the private placement was oversubscribed from the original offering of C$5 million.

Original Press Release, Click Here.

Rick Gillis Makes Personal Investment of $276,000 in Tinley by Way of Private Placement

The Tinley Beverage Company Inc. (the “Company” or “Tinley”) is pleased to announce that its new President of Tinley California, Richard Gillis, has made a personal investment of $276,000 in the Company. As a component of Mr. Gillis’ employment agreement, Mr. Gillis was given the opportunity to purchase common shares of the Company at a price which represents a 20% discount to the market price of the Company’s common shares.

Original Press Release, Click Here.

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