A group of local investors in one of the first medical marijuana cultivation operations in Arkansas has sold their company to another investment group. The Arkansas Medical Marijuana Commission approved the sale of Delta Medical Cannabis on Dec. 2.
The company’s cultivation facility is located in Newport, and Jon Chadwell, director of the Newport Economic Development Commission, said Delta has been a good part of the community.
“They hired a number of local folks, and there are local folks in the upper management of the operation, so we get to visit with them and it has just worked out really well,” Chadwell said Friday. He said representatives of the new ownership group have assured him the operation would remain in Newport, “so we feel pretty comfortable with it.”
The new owner is Revolution DMCC Acquisition Corp. of Jonesboro. According to documents provided by the marijuana commission, Dustin Shroyer of Jonesboro owns 37.5 percent of the new venture, while Tamika S. Edwards, a Little Rock attorney, owns 62.5 percent.
To read the complete article, go to www.jonesborosun.com
Announcements
Job Offers
Top 5 -yesterday
- "Portuguese medical cannabis is already a major market for us"
- Cannabis brands and celebrities: "limited impact so far"
- US (CA): Officials take step toward interstate cannabis commerce
- “With outdoor cultivation from seed we can see variation with each cultivar and select the most robust phenotypes for our microclimate"
- US (MT): Heavy metal testing, too much THC, and the fight over Montana’s budding cannabis industry
Top 5 -last week
- Comparing indoor and outdoor grown cannabis: effects on cannabinoid and terpene profiles
- Curaleaf closes operations in California, Colorado, and Oregon
- “There is a lack of standardization, compliance and education in American cannabis facilities”
- Canopy Growth to auction assets from 4 locations
- Bringing international best practices to New Zealand cannabis
Top 5 -last month
- “Cannabis propagators should consider retipping to expand their liner production”
- Comparing indoor and outdoor grown cannabis: effects on cannabinoid and terpene profiles
- Curaleaf closes operations in California, Colorado, and Oregon
- Capacity reached in 3 days: “There is an insane demand for risk-free cannabis clones”
- “There is a lack of standardization, compliance and education in American cannabis facilities”
US: Local investors sell Newport cannabis cultivation facility
Publication date:
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2023-02-01 Koppert acquires Scandinavian company Lindesro
- 2023-02-01 Xebra provides update on issuance of Mexican cannabis authorizations and announces management changes
- 2023-02-01 “Our relationship with the environment is at the core of what we do”
- 2023-01-31 Stolze moves to new shiny headquarter
- 2023-01-31 Aleafia sings deal with European cannabis distributor
- 2023-01-31 Akerna sells cannabis software business, merges with bitcoin mining company
- 2023-01-31 "Adhesive tape offers a solution to a common problem in the industry"
- 2023-01-30 Ohio company advertising MMJ cards in Kentucky causing confusion about what's legal
- 2023-01-30 US (OR): "College misleadingly markets non-credit cannabis industry courses as certificate programs"
- 2023-01-30 Apeks sued for faulty extraction machine costing $357,000
- 2023-01-27 US (MO): House of Kush partners with SunMed Growers to grow and process House of Kush legacy strains
- 2023-01-27 US (GA): Tecogen to launch smart hybrid-drive air-cooled chiller at AHR 2023
- 2023-01-27 Hydroponic fertilizer brand has new owner/operator
- 2023-01-27 ACS Laboratory receives 82 Emerald Badges for exemplary test results
- 2023-01-27 Curaleaf closes operations in California, Colorado, and Oregon
- 2023-01-27 New tray system launched improving under-canopy airflow
- 2023-01-27 Village Farms raises $25 million
- 2023-01-26 CAN: MariMed closes $35M credit facility
- 2023-01-26 UK: 22nd Century Group acquires RX Pharmatech
- 2023-01-26 The Green Organic Dutchman announces name change and new Chairman
