HEXO repayment.
HEXO Corp. (HEXO) announced today that it has repaid the total outstanding principal amount of the Company’s 8% unsecured convertible debentures issued on December 5, 2019, which matured on December 5, 2022 in the amount of C$40.14 million together with all accrued and unpaid interest. “Repaying this debt marks a key milestone as we continue to build investor confidence,” said Charlie Bowman, CEO of HEXO. “Over the past six months, our aggressive cost-cutting strategy has reduced our overall debt and improved our balance sheet, positioning HEXO for sustainable growth and long-term financial success."
Cresco labs in Florida.
Cresco Labs (CRLBF) announced today the opening of its second dispensary in Orlando, Florida, located at 6690 W Colonial Dr. The new location is Cresco’s 21st store to open in the Sunshine State and 55th nationwide. “As we see one of the country’s largest medical programs continue to expand to nearly 770,000 qualified patients, we’re focused on growing our retail footprint in Florida to bring greater access to our branded products,” said Charlie Bachtell, CEO, and Co-founder of Cresco Labs. “We’re excited to serve new and current patients in Orlando and nearby communities in Orange County through our second store, where they can find the same quality, trusted cannabis products enjoyed by our patients throughout the state.”
Trulieve Launches Khalifa Kush Cannabis in Pennsylvania.
Trulieve Cannabis Corp. (TCNNF) is a Hedgeye Cannabis Best Idea Long.
Trulieve Cannabis Corp. (TCNNF) announced today the official launch of Khalifa Kush premium medical marijuana products statewide in all Trulieve Branded Pennsylvania retail locations starting Monday, December 12, 2022. This is an exclusive partnership with multi-platinum selling, GRAMMY®, and Golden Globe® Award-nominated recording artist Wiz Khalifa. To celebrate the product launch on 12/12, a date designated as “Wiz Khalifa Day” by the Pittsburgh City Council, Wiz Khalifa will be on-site at the Trulieve Pittsburgh-Squirrel Hill and Trulieve Washington locations to meet with medical marijuana patients. “It’s super cool to be able to sell KK legally in Pittsburgh, and because they know it’s Wiz’s, it’s going to be the bomb, of course, it’s gonna drive the city and the state crazy,” said Wiz Khalifa. “Trulieve is the perfect partner for us because of its commitment to providing the highest quality products and best possible patient experiences.”Khalifa Kush products are also available in Trulieve-owned and operated locations in Florida and Arizona and will soon be available in Maryland.
