Kind Financial Acquires the Assets of Agrisoft Development Group
Kind Financial, a financial solutions company to the cannabis industry, on Thursday acquired the assets of Agrisoft Development Group, a seed-to-sale compliance software company.
The Agrisoft platform is used in cannabis dispensaries and cultivation operations in numerous states and Canada. It provides these facilities with back-office, inventory, biometric security, state regulation reporting systems and payment system adaptability.
Kind explained that with the expansion of legalized cannabis there's been more stringent regulations for inventory requirements including mandates for tracking cannabis and cannabis products from seed-to-sale.
Agrisoft's platform is the most advanced and detailed technology created specifically for the cannabis industry, offering 100 percent accountability and transparency of reporting to all levels of government, according to the company. "Its team of experts in law enforcement, regulatory compliance, software development and data security have combined their expertise to build the industry's most reliable and comprehensive tracking system," a prepared statement avers.
Agrisoft's platform documents every step in cannabis manufacturing, wholesaling and retailing, according to the company.
Tikun Olam® Ltd., the first, largest and foremost government-licensed producer of medical cannabis in Israel, on Thursday announced a joint partnership in New York State with Compassionate Care Center of New YorkTM (CCCNY), a privately held New York-based biopharmaceutical company applying to be a Registered Organization under New York's Compassionate Care Act, and MedReleaf Corp., a privately held federally-licensed producer and distributor of medical-grade cannabis in Canada, which has set the gold standard for the industrial production of medical-grade cannabis in North America.
Founded in 2005, Tikun Olam is the only large-scale industrial producer of medical cannabis in Israel, supplying one third of qualifying Israeli patients with pharmaceutical-grade products. Tikun Olam has the most extensive patient experience treatment database in the field of medical cannabis with over 10,000 patients being monitored for nearly a decade and the data for the treatment of each patient's ailments recorded along with the efficacy of the different strain variations and dosages administered.
It is the only private company to have its proprietary medical strains of specifically-bred cannabis clinically tested on humans and referenced by name in peer-reviewed published articles reporting on the successful trials. In fact, Tikun Olam's strain Erez® was used in the only completed double-blind-placebo clinical trial on humans for Crohn's disease, which resulted in complete remission for 50 percent of the patients in the cannabis group and 10 percent in the controlled group.
By Steve Elliott
Canadian medical marijuana patients can legally use all forms of cannabis, the Canadian Supreme Court unanimously ruled on Thursday.
Medicinal cannabis patients will now be able to legally consume marijuana, not just smoke it, reports the BBC.
Cannabis oil is now legally allowed instead of only dried marijuana flowers, making it easier to infuse food products.
The right at stake was described by the British Columbia Civil Liberties Association as the right to personal autonomy in medical decision-making – no matter what medical science may say about the wisdom of the decision, reports Sean Fine at The Globe and Mail.
The case began back in 2009 when former head baker Owen Smith of the Cannabis Buyers Club of Canada, a British Columbia collective, was charged with trafficking and unlawful possession of marijuana. Smith was caught baking 200 cannabis cookies, reports Trinh Theresa Do at CBC.
A B.C. judge acquitted Smith and gave the Canadian government a year to change laws about marijuana extracts. The case then went to the Supreme Court.
Compass Diversified Holdings, a Westport, Connecticut-based owner of middle market businesses, on Monday announced that on June 4, it entered into an agreement to acquire Fresh Hemp Foods Ltd. ("Manitoba Harvest"). The acquisition is expected to close in the next 45 days, subject to customary closing conditions.
Headquartered in Winnipeg, Manitoba, Canada, Manitoba Harvest is a pioneer and global leader in branded, hemp-based foods. The company's products are the fastest growing in the hemp food market and among the fastest growing in the natural foods industry.
Manitoba Harvest's award-winning products are currently carried in about 7,000 retail stores across the U.S. and Canada. For the year ended November 30, 2014, Manitoba Harvest reported net revenue of approximately C$37.9 million, an increase of 23.9 percent year-over-year. The company continued its rapid growth in the first half of its current fiscal year, generating net revenue of approximately C$27.6 million for the six months ended May 31, 2015.
The purchase price for Manitoba Harvest is based on a total enterprise value of C$132.5 million and will also include working capital and certain other adjustments upon closing. Manitoba Harvest generated net revenues of approximately C$44.9 million and Adjusted EBITDA of approximately C$6.4 million for the last twelve months ending May 31, 2015, representing year-over-year growth of 28.5 percent and 59.4 percent, respectively. The company generated Adjusted EBITDA for the six months ended May 31, 2015 of approximately C$5.0 million.
CannTrust develops new line of products in a ready to use format at $3.50/gram
CannTrust, "Canada's only pharmacist-controlled and operated producer of medical cannabis," has launched of its own product line of "patient ready strains" at just $3.50 a gram, delivered. "Patient ready," in this context, means that the weed arrives in a pre-ground state, ready for your vaporizer, pipe, bong or paper.
"We are pleased to offer this new format of products carefully selected from our most popular strains of premium cannabis," reads a prepared statement from the company. "The cannabis is from the same harvest and lots as the original bud form of these same strains and is then refined into an already prepared version of medical cannabis that is easy to use by patients, especially in a vaporizer."
"We are very excited about the launch of these products for several reasons that we feel will be beneficial to both patients and their doctors," the company announced.
Each of the three strains are only $3.50/gram, "making this an affordable and easy to use option for medical cannabis," the company announced.
Supreme Formula - Patient Ready
THC: 8.5% • CBD: 0.2%
Supreme Formula 8.5 percent THC is a unique blend of the best THC strains. This was specially formulated to meet the recommendations of the College of Family Physicians of Canada's recommendation of up to 9 percent THC, according to CannTrust.
Original Cheese - Patient Ready
THC: 11.4% • CBD: 0.1%
Indica 50% • Sativa 50%
By Steve Elliott
Two natural allies -- rock and roll and cannabis -- will be together in August at a musical festival in Grand Forks, British Columbia.
CannaFest 2015 will bring together musicians and people to educate about the healing power of marijuana, according to organizer Chuck Varabioff of the B.C. Pain Society in Vancouver, reports Daybreak South at CBC News.
"I deal with sick people every single day," Varabioff said. "I wanted to give back something to them, where they're able to come forget about their pain, their problems, anything they have negative going on in their life, and come out and experience something positive."
"It's all about the movement; it's all about the people coming together and promoting a product they believe in," Varabioff said.
This is the second year that Varabioff has organized CannaFest. The first one took place in Vancouver last year.
Grand Forks Mayor Frank Conrad said he won't "delve into the marijuana issue because that is a federal issue," but said he believes the event will help stimulate the local economy.
The B.C. Pain Society is a medical marijuana dispensary that houses Canada's first cannabis vending machines.
CannaFest 2015 will take place on Aug. 7 and 8 at James Donaldson Park in Grand Forks, B.C. One-day passes are $50, and two-day passes are $75.
Coalition ratifies declaration this past week in Prague, urging the UN to reclassify cannabis plant for medical use
Medical cannabis patients from 13 countries, including those represented by U.S. advocacy group Americans for Safe Access (ASA), established the International Medical Cannabis Patients Coalition (IMCPC) this past week while at the "Medical Cannabis and Cannabinoids: Policy, Research and Medical Practice" conference in Prague from March 4-7. IMCPC member countries include Bulgaria, Canada, Czech Republic, Estonia, France, Israel, Italy, Latvia, Poland, Slovenia, Spain, United Kingdom, and United States.
The first action of the IMCPC was to ratify a declaration urging the 2016 UN General Assembly Special Session on Drugs to either reclassify cannabis for medical use, convene a UN Special Convention on Cannabis, or simply exclude cannabis from the UN Single Convention on Narcotics. The IMCPC declaration will be delivered to the UN Commission on Narcotic Drugs in Vienna this week by Pavel Bem, the Czech representative for the Global Commission on Drug Policy.
Indoor Harvest Corp, through its brand name Indoor Harvest™, a design build contractor, developer, marketer and direct-seller of commercial grade aeroponic and hydroponic fixtures and supporting systems for use in urban Controlled Environment Agriculture and Building Integrated Agriculture, has announced that its common shares have begun trading under the ticker symbol INQD.
On February 26, the company applied to have its common stock traded on the OTCQB. Until its application is accepted, the Company will trade as an OTCPink via the OTCMarkets platform under the ticker symbol INQD.
"It has been a long process, but we are excited to announce that we've now begun trading as a public company," said Indoor Harvest Corp's CEO and founder, Chad Sykes. "We will be releasing the results for fiscal year 2014 in the near future and look forward to starting our pilot project with Tweed Marijuana, Inc. in Canada.
"With our going public effort behind us, it's time to shift focus toward scaling the company, bringing on board expert talent and wrapping up development of our product offerings. 2015 should prove to be a pivotal year for the company moving forward as we introduce new technology for building integrated agriculture," Sykes said.
Forces & Families on Monday announced a new partnership with CannTrust, the only pharmacist-controlled and operated producer of medical cannabis in Canada.
Created in 2007, Forces & Families is a Canadian volunteer organization that provides support to Canadian Armed Forces (CAF) members and their families. Under the leadership of founder and chairman John Randolph, Forces & Families has helped raise charitable monies in support of the Military Families Fund and also involve CAF men and women, their families and veterans to connect with Canadians to help build mutual understanding, awareness and respect.
"Today's partnership announcement with CannTrust adds to our growing list of significant corporate supporters from across Canada," Randolph said. "Support comes in many shapes whether it's special events for members of the Canadian Armed Forces, their families and veterans or fundraising for the Military Families Fund.
"This new relationship with CannTrust will assist us not only in these areas but will also offer education, awareness and support to help address some of the critical health and wellness issues faced by the CAF, Veterans and their families," Randolph said.
Throughout 2015, Forces & Families said it will continue to increase the awareness of CAF members and their families and also provide a series of visible support mechanisms aimed at fighting illnesses such as PTSD (post traumatic stress disorder) with a goal of helping its members achieve mental wellness.
CannTrust, which describes itself as "Canada's only pharmacist-controlled and operated producer and distributor of medical cannabis," on Friday announced an incentive offer for qualified patients that encourages vapouizing to consume medical cannabis.
In a partnership with Arizer, a Canadian manufacturer of personal vaporizers, patients can now access the latest in vapor technology with an exclusive price for three devices, not offered at these prices by any other Health Canada approved provider of medical cannabis, according to CannTrust.
"Patient safety is our priority and we've built our business on that," says Normal Paul, chairman of CannTrust. "We've created a state-of-the-art growing and testing facility to ensure our patients have access to consistent quality medical cannabis in Canada. It would be irresponsible for us not to make every effort to ensure patients have access to safe consumption and that is what our vaporizer program is all about."
CannTrust patients who place any order of 15 grams or more of medical cannabis can purchase one of three vaporizers for the lowest price in Canada. The patient can choose from three different starter packs depending on which vaporizer model selected.
Combo pack A includes the Solo model for $250, which includes the vaporizer and 15 grams of medical cannabis. (Just a Solo model retails for $224.) More advanced packages include the Extreme model with 15 grams of medical cannabis for $265 or the Air model for only $295.
CannTrust Inc., a licensed producer and distributor of medical cannabis in Canada, today announced CannTrust Access, a comprehensive patient assistance program for medical cannabis compassionate use in Canada.
The CannTrust Access program is a Canadian first in medical cannabis programs and is available immediately to eligible Canadians whose health plans do not reimburse medical cannabis.
To enroll, a patient must have a signed CannTrust medical form from their physician, the required qualifying documents listed at canntrust.ca, a letter from their physician indicating a need for financial assistance to access medical cannabis, and proof of their financial status (Revenue Canada Notice of Assessment).
Qualified patients will be eligible for up to 30 grams of medical marijuana per month. Three levels of financial assistance are available through the CannTrust Access program depending on the patient's income status, which will be reassessed every six months.
CannTrust anticipates that a number of patients' financial status will qualify them to receive their monthly order at no cost. A patient is obliged to notify CannTrust if their status changes in any manner.
BC Human Rights Tribunal to Release Prelim Decision on Cop's Right to Advocate for Drug Legalization
The British Columbia Human Rights Tribunal on Tuesday will release a preliminary decision regarding a complaint of political discrimination against the Victoria Police Department for muzzling an officer who advocates for drug legalization. This particular decision will focus on whether senior police officers at VicPD can be held personally liable for illegal conduct in this matter, setting an important precedent in police accountability.
The decision will be released shortly after 12 pm PT at the following link:
In 2010, the Victoria Police Department banned Constable David Bratzer from speaking off-duty as part of an expert panel on harm reduction. Since then, he has faced progressively more severe restrictions regarding his off-duty advocacy for drug policy reform.
In 2013, after years of harassment, and fearing for his livelihood, Constable Bratzer filed his complaint citing “political belief” as a protected ground of discrimination in Section 13 of the BC Human Rights Code. In advance of the decision today, Law Enforcement Against Prohibition is publicly affirming its support for his struggle to regain his voice:
Cannabix says its hand-held THC marijuana breathalyzer is being developed to give law enforcement and employers the ability to test for recent consumption of the THC component of marijuana -- and interestingly, the company is featuring this product, presumably a tool in the War On Pot, at a generally pro-weed trade show in Las Vegas. Prototype renderings are being showcased at the National Marijuana Business Conference and Expo.
"Cannabix Technologies Inc. is pleased to report the release of its first publicly available device renderings and video presentation of its Cannabix Marijuana Breathalyzer," the company announced in a prepared release. "Cannabix is developing a feature rich, durable, hand-held THC breathalyzer device for law enforcement and the workplace.
Media files and video which show the design and features of the prototype are available for online viewing at cannabixtechnologies.com. The product renderings will also be showcased at the National Marijuana Business Conference and Expo from November 12-14, at the Rio in Las Vegas. Cannabix senior executives will be sharing the video demo and discussing prototype development progress at booth 219.
Canada's Centre for Addiction and Mental Health (CAMH) has released a new evidence-informed report on cannabis control. The Cannabis Policy Framework released by CAMH recommends marijuana legalization with a strict regulation approach to cannabis control.
Canada has one of the highest rates of cannabis use in the world, with 40 percent of Canadians having used it at least once in their lifetime. CAMH's Cannabis Policy Framework was developed to provide evidence-based principles for reducing cannabis-related harm.
To do this, CAMH scientists and policy experts conducted in-depth analysis of the health, social, and legal implications of cannabis use and examined cannabis policy in other jurisdictions.
"Canada's current system of cannabis control is failing to prevent or reduce the harms associated with cannabis use," said Dr. Jürgen Rehm, director of the Social and Epidemiological Research Department at CAMH. "Based on a thorough review of the evidence, we believe that legalization combined with strict regulation of cannabis is the most effective means of reducing the harms associated with its use."
Two thirds of Canadians currently using medical cannabis do so to ease arthritis pain
By Steve Elliott
In a position paper issued on Tuesday, The Arthritis Society called for more research into the efficacy and safety of medical cannabis as a therapy to alleviate symptoms of pain and fatigue caused by the chronic disease.
“More and more Canadians are accessing medical cannabis as a treatment option for severe arthritis symptoms,” explained Society president and CEO Janet Yale. “We have a duty to the people we serve to ensure that the scientific basis for the use of medical cannabis is clear and appropriate, with patient safety and improved care our foremost priorities.”
Thousands of Canadians have already received authorization from Health Canada to use medical cannabis and as many as two-thirds of those people are using the drug to help manage pain due to arthritis.
"There is much still unknown about the treatment therapy, its safety and its efficacy for coping with arthritis – leading to potential risks for patients," the Arthritis Society release claims, although if they simply asked the arthritis patients involved, they'd be talking less about risks and more about benefits.
The anecdotal evidence in support of medical cannabis for arthritis pain is very robust, and Tuesday's announcement will ensure that more clinical research will be conducted to further validate this treatment modality, according to CanniMed Ltd., the first producer to be licensed under the new Canadian Marihuana for Medical Purposes Regulations (MMPR).