A Berkshire Hathaway insurer is insisting it does not owe $1.3 million in claimed business income losses to a cannabis growing company after a building fire shuttered one of its “flowering” rooms for 68 days. National Fire and Marine Insurance Co. and its insured, Theraplant, are at odds over what caused the claimed business income loss and, if there was a revenue loss, whether … [Read more...] about Cannabis Firm Fights Insurer’s Denial of Business Income Loss Claim Following Fire
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Connecticut’s Cannabis Controversy: The Theraplant Investigation
In the grand circus of life, there’s always a new act to keep us entertained. And today, ladies and gentlemen, we turn our attention to our great state of Connecticut, where the green leaves of controversy are rustling in the wind.Enter Theraplant, the first cannabis producer in the state. Ah, Theraplant, the pioneer, the trailblazer, the one who dared to tread where no one had … [Read more...] about Connecticut’s Cannabis Controversy: The Theraplant Investigation
Two CT cannabis businesses owe the state combined $2 million
Two of Connecticut’s largest cannabis companies owe the state a combined $2 million after failing to open up retail outlets within the statutorily mandated time frame. Cannabis grower Theraplant owes the state $1.5 million, Department of Consumer Protection spokesperson Kaitlyn Krasselt confirmed. Zen Leaf in Meriden, owned by cannabis giant Verano, owes $500,000.There is a $3 … [Read more...] about Two CT cannabis businesses owe the state combined $2 million
Former cannabis company CEO now employed with CT sues company
The former CEO of a cannabis cultivation company who now works for Connecticut is is involved in the regulation of marijuana is suing her past employer. Jennifer Mandzuk, the former CEO of Theraplant, the first legal cannabis cultivator in Connecticut, was hired earlier this year by the state Department of Consumer Protection as the state program manager … [Read more...] about Former cannabis company CEO now employed with CT sues company
Former Cannabis CEO Overseeing State Regulation Raises Eyebrows
A former cannabis executive is now overseeing the state’s enforcement of the industry, drawing concerns from cannabis and hemp advocates about conflicts of interest and competition. Jennifer Mandzuk, former CEO at Theraplant, a licensed marijuana producer in Watertown is now a cannabis program manager with the Department of Consumer Protection.“It’s pretty common across all of … [Read more...] about Former Cannabis CEO Overseeing State Regulation Raises Eyebrows
Theraplant, One of Four Connecticut Cannabis Producers, Sold
The recent foreclosure and sale of Theraplant, one of four cannabis producers licensed in Connecticut, should not impact the supply of product to the state’s commercial and medical cannabis markets, according to the Department of Consumer Protection. The company’s ownership changed hands from Greenrose Holding Company to NewCo, a subsidiary of DXR Holdco, according to a July 21 … [Read more...] about Theraplant, One of Four Connecticut Cannabis Producers, Sold
Welcome To Connecticut: Where Pot Producers Are Groundhog Day Stars In The Truman Show
Ah, Connecticut, the picturesque state that never ceases to amaze. With its stunning landscapes, charming towns, and, of course, the continuously burgeoning marijuana industry. Hold on tight, ladies and gentlemen, as we take a wild ride through the mono-cultured world of pot production in the Nutmeg State. Imagine, if you will, that every bar in Connecticut only served … [Read more...] about Welcome To Connecticut: Where Pot Producers Are Groundhog Day Stars In The Truman Show
Connecticut cannabis cultivator parent company goes through foreclosure
Less than a year after the parent company of cannabis cultivator and producer Theraplant began marketing itself for sale amid funding concerns, a Waterbury judge this week approved a foreclosure involving the company’s Watertown property and another in Arizona. Greenrose Holding Co., the New York-based parent company of Theraplant, submitted a filing with the U.S. Securities … [Read more...] about Connecticut cannabis cultivator parent company goes through foreclosure
Is Theraplant Failing?
Could it be over for Theraplant? Theraplant, a medical cannabis producer is in major financial trouble. The company has been struggling to make sales and convert their product markets. Their reliance on sales has been a major issue as they have not had enough customers to meet their revenue goals. To try to solve this problem, the company recently announced four new … [Read more...] about Is Theraplant Failing?
Corporate Scab Swag Yule Log
Special Thanks To:AGLCPSCuraleafTheraplant … [Read more...] about Corporate Scab Swag Yule Log