Columbia Care Inc.  (OTCQX: CCHWF) is buying privately-held Green Leaf Medical, LLC  for approximately $240 million with the potential for additional performance-based milestone payments. Columbia will make a payment of $240 million, consisting of a cash payment of $45 million with the balance of $195 million being satisfied by the issuance of 43,900,144 common shares of the company. The deal is expected to close in the summer of 2021 and Columbia said the deal is immediately accretive.

In 2020, cannabinoid production undoubtedly continued to steal the hemp show. According to a recent survey by market analytics firm Hemp Benchmarks, nearly 90% of growers opted to cultivate hemp either for cannabidiol (CBD) or cannabigerol (CBG).

But excitement has been simmering for another segment of the hemp market: hemp fiber.

With the potential to produce both bast and hurd that can be the basis for thousands of products, hemp fiber holds tremendous promise for the industry, and it’s where many industry leaders believe the future of hemp lies in the long-term.

They say that “Necessity is the mother of invention.”

I would like to add a corollary to that adage.

How about: “Cannabis is the mother of innovation”?

Cannabis has been sparking invention and innovation since before the first stoner looked in the fridge and created a salty, sweet, savory snack from whatever disparate ingredients were found therein.

Seriously.

If you’ve never made a grilled hot link and peanut butter sandwich with a maple honey dipping sauce, or a Cap’n Crunch and Chipotle Tabasco marshmallow treat, you aren’t getting high enough.

And now I’m hungry.

Hang on while I get a snack…

Where was I? Ah yes. Here we go:

Holiday festivities have been curtailed by the global resurgence of the COVID-19 pandemic, and its unprecedented social and economic effects. During this turbulent season, cannabis companies all over North America continue to do what they can to support local charities and populations in need.

So, let this 2020 holiday season be lit with the warmth of giving. Here’s a short list of holiday fundraising activities led by cannabis industry members, bringing happiness and help to so many for the season as we all look forward to a new year in 2021:

Canopy Rivers Inc. has entered into an agreement with Canopy Growth Corporation in which Rivers will transfer three portfolio assets to Canopy Growth in exchange for $115 million in cash and 3,750,000 common shares of Canopy Growth and the cancellation of all 36,468,318 Multiple Voting Shares and the 15,223,938 Subordinate Voting Shares of Rivers held by Canopy Growth.

U.S. Marijuana Stocks And Current Market Trends

Ontario's legal cannabis industry is gaining ground in its fight against the illicit market, but the progress likely won't last long because of COVID-19 lockdowns.

The Ontario Cannabis Store said Thursday that between the start of July and end of September the legal industry controlled slightly more than 36 per cent of the recreational market, up from about 25 per cent the quarter before.

However, the OCS warned the gains may soon dissipate. The pot distributor said the legal industry's market share will decline in the next quarter because of COVID-19 lockdowns that forced pot retailers in Toronto and Peel to operate solely through pickup and delivery.

NEW YORK, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”or “Company”) (CSE: ACRG.A.U, ACRG.B.U), (OTC: ACRHF, ACRDF) is pleased to announce that Peter Caldini has been appointed as the Company’s Chief Executive Officer. He officially joins Acreage on Monday, December 21st.

Peter brings an ideal mix of capabilities and experience to Acreage, having served in several senior leadership positions at major healthcare and consumer packaged goods (“CPG”) companies in the US and globally. Earning a reputation as a strong and seasoned leader, Mr. Caldini has a proven track record of improving operational efficiencies, strengthening brand equity, and creating shareholder value.