Latest news with #cultivation
Fox News
09-07-2025
- Fox News
Seven Chinese nationals charged in multimillion-dollar marijuana trafficking operation
Seven Chinese nationals living in Massachusetts have been charged in connection with a multimillion-dollar drug-trafficking organization that allegedly grew and distributed marijuana across the U.S. Northeast. "Today, we arrested members of an alleged Chinese-run drug trafficking organization who are accused of running a massive marijuana cultivation and distribution scheme that has raked in millions and contributed widely to the illegal drug trade here in the Northeast," Ted E. Docks, special agent in charge of the FBI's Boston Division, said in a statement. The scheme allegedly involved interconnected grow houses that cultivated and distributed marijuana. Chinese nationals were also allegedly smuggled into the U.S. for the purpose of working in these houses until they paid off their debts related to being smuggled into the country, according to an announcement from the U.S. Department of Justice. Prosecutors say the accused individuals made millions of dollars from the marijuana sales, which they in turn used to buy cars, luxury homes, jewelry and other items, according to the DOJ. Each of the Chinese nationals were charged with one count of conspiracy to manufacture, distribute and possess with intent to distribute marijuana. Some were also indicted on additional charges, including bringing aliens into the country, money laundering and more. The defendants include Jianxiong Chen, 39; Yuxiong Wu, 36; Dinghui Li, 38; Dechao Ma, 35; Peng Lian Zhu, 35; Hongbin Wu, 35; and Yanrong Zhu, 47. Six defendants, excluding fugitive Yanrong Zhu, were arrested on Tuesday, according to the DOJ. A home in Braintree, Massachusetts, was reportedly the base of the drug-trafficking organization's operations. During a search of the home in October of last year, law enforcement discovered more than $270,000 in cash on the property as well as several Chinese passports. Searches of additional houses resulted in law enforcement finding nearly $200,000 in cash, more than 240 pounds of marijuana and a Rolex watch, according to the DOJ. Hongbin Wu and Yanrong Zhu were also reportedly stopped by law enforcement in June 2023 after leaving a Massachusetts grow house, at which point nearly $37,000 in cash was seized from them. "It is further alleged that the enterprise conducted bulk cash transactions with operators located in the Eastern District of New York," as noted in the announcement. The case is part of the nationwide initiative Operation Take Back America, established by the U.S. DOJ to address illegal immigration and combat transnational criminal organizations. The U.S. Department of Justice did not immediately respond to Fox News Digital's request for comment.
Yahoo
08-07-2025
- Business
- Yahoo
MariMed Announces Second Quarter 2025 Earnings Date
NORWOOD, Mass., July 08, 2025 (GLOBE NEWSWIRE) -- MariMed Inc. ('MariMed' or 'Company') (CSE: MRMD) (OTCQX: MRMD), a leading cannabis consumer packaged goods company and retailer, announced today it will report second quarter 2025 financial results on August 6, 2025 after the markets close. Management will host a conference call on August 7, 2025 at 8:00 a.m. EDT to discuss financial results. A webcast will be available and can be accessed via MariMed's Investor Relations website at MariMed Q2 2025 Earnings Webcast. A playback of the call will also be made available on MariMed's Investor Relations website. About MariMedMariMed Inc. is a leading multi-state cannabis operator, known for developing and managing state-of-the-art cultivation, production, and retail facilities. Our award-winning portfolio of cannabis brands, including Betty's Eddies™, Bubby's Baked™, InHouse™, Nature's Heritage™, and Vibations™, sets us apart as an industry leader. These trusted brands, crafted with quality and innovation, are recognized and loved by consumers across the country. With a commitment to excellence, MariMed continues to drive growth and set new standards in the cannabis industry. For additional information, visit Company Contact:Howard SchacterChief Communications Officer Email: hschacter@ (781) 277-0007
Yahoo
05-07-2025
- Business
- Yahoo
Christina Lake Cannabis Announces Filing of Audit Financial Statements
VANCOUVER, British Columbia, July 04, 2025 (GLOBE NEWSWIRE) -- Christina Lake Cannabis Corp. ("CLC" or the "Company") (CSE: CLC) is pleased to confirm that further to its news release dated July 2, 2025, the Company has filed on SEDAR+ its audited financial statements, accompanying management discussion and analysis and related CEO and CFO certifications for the year ended February 28, 2025 (the 'Annual Filings'). The Annual Filings can be obtained on the Company's SEDAR+ profile at As a result of the completion of the Annual Filings, the Company expects that the management cease trade order formerly granted on July 2, 2025, by the applicable securities regulatory authorities, will be revoked and that the Company's directors and officers will once again be permitted to trade in the Company's securities. ABOUT CLC Christina Lake Cannabis is a licensed producer of cannabis under the Cannabis Act. It has secured a standard cultivation license and corresponding processing amendment from Health Canada (March 2020 and August 2020, respectively) as well as a research and development license (early 2020). Christina Lake Cannabis' facility consists of a 32-acre property, which includes over 950,000 square feet of outdoor grow space, offices, propagation and drying rooms, research facilities, and a facility dedicated to processing and extraction. Christina Lake Cannabis also owns a 99-acre plot of land adjoining its principal site. CLC focuses its production on creating high quality extracts and distillate for its B2B client base with proprietary strains specifically developed for outdoor cultivation to enhance extraction quality. For more information about CLC, please visit: Jennifer SmithInvestor Relations and Media Inquiriesinvestors@ 902-229-7265 Forward Looking Information and Risk Factors This news release contains statements and information that may constitute "forward-looking information" within the meaning of applicable securities legislation, including statements identified by the use of words such as "will", "expects", "positions", "believe", "potential" and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts. Such forward-looking information is not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information contained herein may include, but is not limited to, statements regarding the Company's expectations that the completion of the Annual Filings will satisfy its continuous disclosure obligations; and that, as a result, the management cease trade order granted on July 2, 2025, will be revoked and directors and officers of the Company will be permitted to trade securities of the Company. By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. Some of these risks include, but are not limited to, the risk that the Annual Filings do not meet applicable regulatory requirements, that the cease trade order is not revoked as expected, and that trading by directors and officers remains restricted for longer than anticipated. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. In connection with the forward-looking information contained in this news release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information contained in this news release are made as of the date of this news release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.
BBC News
03-07-2025
- BBC News
Strabane: Two charged after estimated £1.4m cannabis plants seized
Two men have been charged after police seized suspected cannabis plants with an estimated street value of £1.4m in the Strabane seizure was made during a planned search operation on the seizure, police said they had dismantled what is believed to have been one of the biggest suspected cannabis operations in the north west in recent men, aged 28 and 24, are charged with cultivating cannabis, possession of a Class B controlled drug and possession of a Class B controlled drug with intent to supply. They are due to appear before Strabane Magistrates' Court later on Thursday.
Yahoo
25-06-2025
- Yahoo
Police raid uncovers 'large cannabis factory'
A cannabis grow worth £60,000 has been seized by officers following a raid at property in Leicestershire. Leicestershire Police said it executed a warrant at an address on Oakham Road, near Tilton-on-the-Hill at about 09:30 BST on Monday. Officers found the "large cannabis factory" in a "specially designed outbuilding", the force added. Four people were arrested but have since been bailed pending further investigation. A 62-year-old man was arrested on suspicion of cultivation of cannabis and possession of a class B drug with intent to supply. A 29-year-old man was detained on suspicion of cultivation of cannabis, while a 39-year-old woman was arrested on suspicion of cultivation of cannabis and being concerned in the supply of a class B drug. A third man, 26, was held on suspicion of cultivation of cannabis, possession of a class B drug with intent to supply and abstracting/using electricity without authority. Follow BBC Leicester on Facebook, on X, or on Instagram. Send your story ideas to eastmidsnews@ or via WhatsApp on 0808 100 2210. Leicestershire Police
