Marijuana Business Magazine April 2019

April 2019 | mjbizdaily.com 19 cannabis firm Pure Sunfarms , will leave the over-the- counter markets—where it trades as VFFIF—and list on the Nasdaq Capital Market as VFF. Village Farms also trades on Canada’s senior exchange, the Toronto Stock Exchange, under the symbol VFF. Green Growth Growing with $12 Million Purchase Toronto-based Green Growth Brands  is entering its third U.S medical marijuana market with the $12.35 million cash acquisition of ZLJT and Arizona Natural Pain Solutions , better known collectively as Desert Rose . Green Growth also has operations in Massachusetts and Nevada. Namaste’s Auditor Resigns; Company Reaches Settlement with Fired CEO Namaste Technologies said Pricewaterhouse- Coopers (PwC) resigned as the company’s auditor. In a news release, the Toronto-based marijuana e-com- merce company did not explain the departure but did say another auditor was in the “final stages of its client acceptance process.” Namaste also disclosed it was unlikely the company would meet a March 31 deadline for filing its annual financial statements. Meanwhile, Namaste said it reached “a mutually agreed upon settlement” with former Chief Executive Officer Sean Dollinger in which the firm’s co-founder would step down from all formal roles with the com- pany, including as a director. Dollinger will remain with the Toronto-based marijuana e-commerce company in an advisory role to provide transition support to the firm’s new leadership. TerrAscend Makes California Play Via $118 Million Acquisition of The Apothecarium Mississauga, Ontario-based marijuana firm TerrAscend is acquiring California-based The Apothecarium in a deal worth more than $118 million (CA$157 million). Deal terms included $73.7 million in cash, plus another $44.7 million worth of stock. In return, TerrAscend gets three retail shops in San Francisco, a vertically integrated operation in Nevada, Cannabis Business Brokers Experts in all aspects of buying and selling marijuana businesses Cannabis-Business-Brokers.com CA License #02064427 Tel Karen : 949-280-3092