Marijuana Business Magazine September 2019

Marijuana Business Magazine | September 2019 24 Additionally, Charlotte’s Web is collaborating with Rodale Institute and Natural Care in Pennsylvania to research regenerative organic hemp farming practices at the Pocono Organics farm. The research will examine new CBD varieties that grow differently, comparing the impact on soil health, nutrient consumption and the ability to suppress weeds. The research will be jointly published by Charlotte’s Web, Natural Care and Rodale Institute to promote regenerative organic farming practices in the hemp industry. Changes at Arcview Dallas-based marijuana investment firm Cresco Capital Partners and New Jersey private equity shop Triver- gance took control of The Arcview Group , leading a $7.7 million Series A acquisition of the Oakland, California-based investment outfit. This is the first investment for Trivergance in the cannabis sector. Trivergance has invested more than $1.5 billion of institutional equity capital since 2006. The $7.7 million funding includes purchasing stock and capital. Privately owned Arcview functions through the membership of more than 600 accredited investors who are invited to invest in cannabis companies that apply to present to the Oakland firm’s staff and then go through a rigorous vetting process. Jerry Stone, a top executive at Trivergance, is the new executive chair of Arcview’s board of directors. Stone will be joined on the Arcview board by Codie Sanchez, managing director of Cresco, and Jonathan Washburn, co-CEO of Ampology, an affiliate of Trivergance. Troy Dayton will remain Arcview’s CEO and a board member. Gabriella’s Kitchen to Acquire Lulu’s Chocolates Gabriella’s Kitchen (GABY) in Calgary, Alberta, entered an agreement to acquire all issued and outstanding securities of Lulu’s Chocolates in Santa Rosa, California, including $75,000 of outstanding debt, in exchange for $1.1 million in GABY common shares. Lulu’s CBD-infused chocolates are sold in roughly 250 mainstream grocery stores, and its traditional chocolates are sold in an additional 200 mainstream grocery stores across the United States. GABY intends to leverage Lulu’s mainstream distribution channels to accelerate the growth trajectory for GABY’s newly launched CBD products. Zoots Turns Ionic Ionic Brands paid $11 million for longtime marijuana edibles maker Natural Extractions , which does business as Zoots Premium Cannabis Infused Edibles . As part of the stock and cash deal involving two Washington state companies, Zoots’ owners receive $855,000 in cash and more than 9.6 million shares in Ionic Brands. Ionic, which has a market cap of about $16.5 million, assumes about $600,000 of Zoots’ debt. Zoots already has a footprint outside its home state in Colorado, Illinois and Massachusetts. Ionic sells its vapor cartridges in California, Nevada, Oregon and Washington state. Two Nasdaq Applications Sundial Growers , a Calgary, Alberta, cannabis company, and California-based KushCo Holdings , have applied to be listed on the Nasdaq. Sundial operates two facilities in its home province of Alberta and is planning a third one in British Columbia. It also runs three facilities in the United Kingdom, where it recently acquired CBD company Bridge Farm Group. Sundial would operate under the ticker symbol SNDL. KushCo, a producer of ancillary products and services for the marijuana and hemp industries, said it applied to list its shares on the Nasdaq to raise the company profile, diversify shareholder base and enhance share liquidity. MJBizDaily Partners with Headset, Lift & Co. Anne Holland Ventures , the parent company of Marijuana Business Daily , and Seattle-based data analytics firm Headset formed a new partnership, giving MJBizDaily access to Headset’s real-time, retail-derived industry data throughout the United States and Canada. Headset and Denver-based MJBizDaily will work together to develop exclusive content for the Marijuana Business Factbook, MJBizCon, MJBizConNEXT and MJBizConINT’L. MJBizDaily also will collaborate on conference pro- gramming content with Toronto-based Lift & Co. , a publicly traded cannabis technology company. That partnership will kick off Sept. 4-6 at MJBizConINT’L  in Toronto. MMAC Sells Assets to DionyMed for $19.1 Million MM Esperanza 2 (MMAC) in California sold assets, including an undeveloped real estate parcel in Los Angeles, to DionyMed Brands . Under terms of the Company News | U.S. & Canada