Cronos Group Inc. (CRON) announced that it has appointed Jim Rudyk as Managing Director and has entered into a commitment agreement to retain Athena Advisors LLC as an agency for investor relations and corporate communications. iAnthus Capital Holdings, Inc. (CSE: IAN) (OTCQX: ITHUF) has entered into an agreement to acquire WSCC, Inc., better known as Sierra Well, for $27.6 million. iAnthus will pay $5.1 million in cash and $22.5 million in company shares valued prior to the closing of the transaction at a weighted 10-day average price. Sierra Well is a vertically integrated cannabis company in Nevada, with two retail dispensary sites and two growing and production sites in Reno and Carson City, with a total area of 20,000 square meters of Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON), which has entered into a credit agreement with the Canadian Imperial Bank of Commerce and the Bank of Montreal for a $65 million non-renewable credit facility. Dollars. The Canadian-based cannabis company stated that it planned to use the funds to repay the company`s existing loan mechanism with Romspen Investment Corporation and for general purposes until the previously announced interest of Altria Group, Inc. Eaze (www.eazeup.com). Eaze (www.eazeup.com) is an on-demand health care service that allows patients to quickly, quickly and professionally access medical marijuana via a mobile device. Its proprietary technology automates orders, driver deliveries and patient deliveries in an average of 10 minutes.
Eaze was founded in 2013 in San Francisco by Keith McCarty, an experienced technology executive who helped build Yammer (acquired by Microsoft). The Meadow solution allows patients to see a doctor and obtain a medical recommendation, consult products and organize supplies from trusted pharmacies. Patient recommendations are required to upload their identification and referral documents to Meadow secure servers and they must also sign a collective agreement with the pharmacy from which they order. The information is then verified to ensure the legitimacy of the cardholder. SAN FRANCISCO– (BUSINESS WIRE) Today, SPARC, one of San Francisco`s largest and most respected cannabis collectives, and Eaze, the on-demand delivery service for cannabis technology, announced a new partnership to provide medical marijuana quickly, easily and professionally to patients. SPARC is now using Eaze`s technology platform to automate DELIVERies of SPARC products to patients with speed and accuracy. SPARC (www.sparcsf.org) is a non-profit collective that was established in 2001 to provide its members with affordable, high-quality cannabis and subsidized health services. SPARC designed its retail site (1256 Mission Street) for professional and high-end experience for members and has won several design awards.