Cannabis Briefs for June 30, 2020June 30, 2020
•Newport, Oregon-based Rogue Ales & Spirits is launching Rogue Recreational CBD Seltzer Water. The seltzer comes in three flavors: Passion Fruit Blueberry, Lavender Mint Lemonade, and Ginger Yuzu, all of which contain 30mg of CBD a 12-ounce can. They are naturally flavored and gluten-free and contain only 20 calories each. For now, the lineup will be available only in Oregon, with individual cans retailing for $4. Founded in 1988, Rogue distributes its beers to all 50 states, and also produces spirits.
•Wakefield, Massachusetts-based Curaleaf Holdings will expand distribution of its Select brand into Maine, Massachusetts, Ohio, and Florida over the next two months. Curaleaf acquired Select in February of this year. The brand has a strong foothold on the West Coast but hasn’t been present in the Northeast up to this point. It added Connecticut earlier this month and will launch Select Elite and Select Nano Gummies in Massachusetts on July 3. The Nano Gummies will roll out to Maine, Ohio, and Florida by mid-August, with Maine also stocking Select oil cartridges. Curaleaf is currently present in 18 states.
•Aurora Cannabis co-founder Terry Booth has retired from his role on the Canada-based company’s board of directors. Booth had served on the board since 2014, and was CEO from that year until this past February, when he gave way to executive chairman and interim CEO Michael Singer. Active in both the medical and recreational markets, the company’s brands include Aurora, Aurora Drift, San Rafael ’71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, Reliva CBD, and Roar Sports. In recent days, Aurora announced an update on its restructuring and cost-savings plans, which include closing operations at five facilities over the next two quarters in order to focus production and manufacturing at its larger scale and higher efficiency sites.
•Vireo Health has named John Heller as CFO. Heller has more than 30 years of financial executive experience and joins from wellness company Lift Brands, where he has been CFO since 2016. He replaces Shaun Nugent, who has taken a role outside the cannabis industry. Heller’s health and wellness background fits with Vireo’s mission to produce pharmaceutical-grade cannabis products for medical markets. He will report to Vireo CEO Kyle Kingsley.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning. You will also receive the Cannabis edition as part of your subscription.