Marijuana Business Magazine May-June 2019

the state Supreme Court dismissed an appeal by local alcohol distributors arguing that they should get the only marijuana distribution licenses. Liht is also building grow sites in California and owns Green Leaf Wellness , a dispensary in the Coachella Valley that it plans to rebrand as The Joint . Meanwhile, Liht is denying accusations that it defrauded Veritas Pharma , a British Columbia medical cannabis firm, out of $750,000 (CA$1 million). Canopy Rivers-LeafLink Partnership Canopy Rivers , the Toronto investment arm of Canopy Growth, and LeafLink , a wholesale cannabis industry marketplace with offices in Los Angeles and New York, created LeafLink Services International , a venture that exclusively licenses and leverages LeafLink’s business-to-business marketplace and supply-chain technology platform for deployment throughout regulated international cannabis markets. Under the terms of the agreement, LeafLink has made an initial capital commitment of $1 million (CA$1.3 million) along with an exclusive, royalty- free license for all non-U.S. marketplaces for its proprietary B2B software platforms and service solutions. Canopy Rivers has committed an initial equity investment of $2 million (CA$2.7 million) and has the option to invest an incremental $6 million (CA$8.1 million) on preferred terms. LeafLink and Canopy Rivers hold approximately 82% and 18%, respectively, of LeafLink International after the initial transaction. Choom Eyes New Jersey Vancouver, British Columbia-based marijuana retail chain Choom Holdings —whose major investors include Aurora Cannabis—signed a letter of intent to acquire an interest in an unidentified dispen- sary license applicant in New Jersey, with the goal of acquiring multiple licenses in the state. Have a company announcement you want us to consider? Send a news release or general information to [email protected] (Note: We’re looking for news about expansions, financing, deals, partnerships and similar developments, not product-related announcements.) INDUSTRIAL PROPERTIES