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Green Check Verified Joins Forces with Laika to Bolster Compliance in Cannabis Banking

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New York, New York – January 26, 2021 – PRESS RELEASE – Green Check Verified (GCV), a regtech provider of compliant cannabis banking solutions, has announced a partnership with Laika, an enterprise-ready compliance platform, to provide financial institutions with an extra layer of compliance oversight in the rapidly-growing cannabis banking space. 

Legal in 37 states, of which GCV is currently operating in 22, this $13B industry is of particular interest to banks and  credit unions looking for low cost deposit growth, increased fee revenue and strong commercial partnerships with local business owners. As financial institutions increasingly capitalize on this huge market opportunity, GCV’s partnership with Laika will help streamline its own internal compliance and security programs, providing additional assurance for all Green Check clients and partners.

“Having led vendor risk management for one of the largest financial institutions in the world, I am in a unique position to help fast growing technology companies build scalable security practices,” said Eva Pittas, founder of Laika. “We’re excited to be working with Green Check Verified – their seasoned team of entrepreneurs coupled with its innovative regtech platform will be pivotal for FIs looking to enter the legal cannabis banking space.”

“At GCV, everything we do is hyper-focused on compliance,” said Kevin Hart, CEO of Green Check Verified. “We continue to identify ways to reduce risk and allow FIs to bank cannabis confidently and securely. By partnering with Laika, we are not only leveraging our internal regulatory technology expertise, but banks and credit unions will benefit from having the additional oversight from a third-party vendor, adding an extra layer of compliance associated with cannabis banking.”

Laika is an enterprise-ready compliance platform that enables growing companies to compete on the same level as any large organization. The collaboration between Laika and GCV empowers financial institutions entering the highly regulated industry of banking cannabis to satisfy internal vendor due-diligence requirements. Board and examiners are increasingly demanding that cannabis programs not only satisfy specific regulations but that individual firms showcase they are a fully compliant vendor, from top to bottom.

North Dakota Lawmaker Sponsors Adult-Use Cannabis Legalization Bill

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New York, New York – January 26, 2021 – PRESS RELEASE – Green Check Verified (GCV), a regtech provider of compliant cannabis banking solutions, has announced a partnership with Laika, an enterprise-ready compliance platform, to provide financial institutions with an extra layer of compliance oversight in the rapidly-growing cannabis banking space. 

Legal in 37 states, of which GCV is currently operating in 22, this $13B industry is of particular interest to banks and  credit unions looking for low cost deposit growth, increased fee revenue and strong commercial partnerships with local business owners. As financial institutions increasingly capitalize on this huge market opportunity, GCV’s partnership with Laika will help streamline its own internal compliance and security programs, providing additional assurance for all Green Check clients and partners.

“Having led vendor risk management for one of the largest financial institutions in the world, I am in a unique position to help fast growing technology companies build scalable security practices,” said Eva Pittas, founder of Laika. “We’re excited to be working with Green Check Verified – their seasoned team of entrepreneurs coupled with its innovative regtech platform will be pivotal for FIs looking to enter the legal cannabis banking space.”

“At GCV, everything we do is hyper-focused on compliance,” said Kevin Hart, CEO of Green Check Verified. “We continue to identify ways to reduce risk and allow FIs to bank cannabis confidently and securely. By partnering with Laika, we are not only leveraging our internal regulatory technology expertise, but banks and credit unions will benefit from having the additional oversight from a third-party vendor, adding an extra layer of compliance associated with cannabis banking.”

Laika is an enterprise-ready compliance platform that enables growing companies to compete on the same level as any large organization. The collaboration between Laika and GCV empowers financial institutions entering the highly regulated industry of banking cannabis to satisfy internal vendor due-diligence requirements. Board and examiners are increasingly demanding that cannabis programs not only satisfy specific regulations but that individual firms showcase they are a fully compliant vendor, from top to bottom.

California Regulators Issue New Rules for Cannabis Billboards

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New York, New York – January 26, 2021 – PRESS RELEASE – Green Check Verified (GCV), a regtech provider of compliant cannabis banking solutions, has announced a partnership with Laika, an enterprise-ready compliance platform, to provide financial institutions with an extra layer of compliance oversight in the rapidly-growing cannabis banking space. 

Legal in 37 states, of which GCV is currently operating in 22, this $13B industry is of particular interest to banks and  credit unions looking for low cost deposit growth, increased fee revenue and strong commercial partnerships with local business owners. As financial institutions increasingly capitalize on this huge market opportunity, GCV’s partnership with Laika will help streamline its own internal compliance and security programs, providing additional assurance for all Green Check clients and partners.

“Having led vendor risk management for one of the largest financial institutions in the world, I am in a unique position to help fast growing technology companies build scalable security practices,” said Eva Pittas, founder of Laika. “We’re excited to be working with Green Check Verified – their seasoned team of entrepreneurs coupled with its innovative regtech platform will be pivotal for FIs looking to enter the legal cannabis banking space.”

“At GCV, everything we do is hyper-focused on compliance,” said Kevin Hart, CEO of Green Check Verified. “We continue to identify ways to reduce risk and allow FIs to bank cannabis confidently and securely. By partnering with Laika, we are not only leveraging our internal regulatory technology expertise, but banks and credit unions will benefit from having the additional oversight from a third-party vendor, adding an extra layer of compliance associated with cannabis banking.”

Laika is an enterprise-ready compliance platform that enables growing companies to compete on the same level as any large organization. The collaboration between Laika and GCV empowers financial institutions entering the highly regulated industry of banking cannabis to satisfy internal vendor due-diligence requirements. Board and examiners are increasingly demanding that cannabis programs not only satisfy specific regulations but that individual firms showcase they are a fully compliant vendor, from top to bottom.

Trym Releases New Touchless Cannabis Harvesting Technology

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NOVATO, Calif., Jan. 26, 2021 /PRNewswire/ — Trym, a pioneering cannabis cultivation software company, is pleased to announce the release of Touchless Harvesting, a patent-pending technology that allows cultivators to compliantly and expeditiously scan, weigh, and record plant tags while harvesting cannabis plants via a mobile device.

Touchless Harvesting saves cultivators time by providing the most efficient method for recording each plant’s weight in accordance with state regulations without touching their mobile devices.

Touchless Harvesting helps growers:

  • save hours harvesting and remain in strict compliance with CDFA.
  • scan plant tags via a phone or tablet without touching the device.
  • complete harvests without ever logging into METRC.
  • automate weight recording via Bluetooth scale integrations.
  • keep sticky, trichome-covered fingers off their mobile devices.

“At Trym, we’re all about helping cultivators save time and streamline their operations. That’s why we created Touchless Harvesting.It’s a burden to harvest cannabis plants in California due to regulations that require tediously weighing each plant and reporting the weights to the state via METRC. Touchless Harvesting is the fastest way to harvest cannabis plants and report to METRC,” says Trym CEO Matt Mayberry. “The feedback so far has been fantastic and we look forward to expanding our reach in 2021.”

Trym launched Touchless Harvesting with longtime partner and customer FloraCal Farms in Santa Rosa, CA. Using Trym, FloraCal Farms was able to harvest, weigh, and report 680 plants all before lunch. Efficiency and compliance are top priorities for the FloraCal team who harvest every week in their 20,000 sq.ft. cultivation facility.

“The Touchless Harvesting feature is a great convergence of efficiency and compliance,” says Andrew Rayl, director of compliance for FloraCal Farms. “It allows us to remain in full compliance with even the most conservative interpretations of harvest regulatory requirements without sacrificing any time.”

Kentucky Lawmaker Introduces Medical Cannabis Legalization Bill

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NOVATO, Calif., Jan. 26, 2021 /PRNewswire/ — Trym, a pioneering cannabis cultivation software company, is pleased to announce the release of Touchless Harvesting, a patent-pending technology that allows cultivators to compliantly and expeditiously scan, weigh, and record plant tags while harvesting cannabis plants via a mobile device.

Touchless Harvesting saves cultivators time by providing the most efficient method for recording each plant’s weight in accordance with state regulations without touching their mobile devices.

Touchless Harvesting helps growers:

  • save hours harvesting and remain in strict compliance with CDFA.
  • scan plant tags via a phone or tablet without touching the device.
  • complete harvests without ever logging into METRC.
  • automate weight recording via Bluetooth scale integrations.
  • keep sticky, trichome-covered fingers off their mobile devices.

“At Trym, we’re all about helping cultivators save time and streamline their operations. That’s why we created Touchless Harvesting.It’s a burden to harvest cannabis plants in California due to regulations that require tediously weighing each plant and reporting the weights to the state via METRC. Touchless Harvesting is the fastest way to harvest cannabis plants and report to METRC,” says Trym CEO Matt Mayberry. “The feedback so far has been fantastic and we look forward to expanding our reach in 2021.”

Trym launched Touchless Harvesting with longtime partner and customer FloraCal Farms in Santa Rosa, CA. Using Trym, FloraCal Farms was able to harvest, weigh, and report 680 plants all before lunch. Efficiency and compliance are top priorities for the FloraCal team who harvest every week in their 20,000 sq.ft. cultivation facility.

“The Touchless Harvesting feature is a great convergence of efficiency and compliance,” says Andrew Rayl, director of compliance for FloraCal Farms. “It allows us to remain in full compliance with even the most conservative interpretations of harvest regulatory requirements without sacrificing any time.”

Florida Lawmakers File Bills to Legalize Adult-Use Cannabis

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NOVATO, Calif., Jan. 26, 2021 /PRNewswire/ — Trym, a pioneering cannabis cultivation software company, is pleased to announce the release of Touchless Harvesting, a patent-pending technology that allows cultivators to compliantly and expeditiously scan, weigh, and record plant tags while harvesting cannabis plants via a mobile device.

Touchless Harvesting saves cultivators time by providing the most efficient method for recording each plant’s weight in accordance with state regulations without touching their mobile devices.

Touchless Harvesting helps growers:

  • save hours harvesting and remain in strict compliance with CDFA.
  • scan plant tags via a phone or tablet without touching the device.
  • complete harvests without ever logging into METRC.
  • automate weight recording via Bluetooth scale integrations.
  • keep sticky, trichome-covered fingers off their mobile devices.

“At Trym, we’re all about helping cultivators save time and streamline their operations. That’s why we created Touchless Harvesting.It’s a burden to harvest cannabis plants in California due to regulations that require tediously weighing each plant and reporting the weights to the state via METRC. Touchless Harvesting is the fastest way to harvest cannabis plants and report to METRC,” says Trym CEO Matt Mayberry. “The feedback so far has been fantastic and we look forward to expanding our reach in 2021.”

Trym launched Touchless Harvesting with longtime partner and customer FloraCal Farms in Santa Rosa, CA. Using Trym, FloraCal Farms was able to harvest, weigh, and report 680 plants all before lunch. Efficiency and compliance are top priorities for the FloraCal team who harvest every week in their 20,000 sq.ft. cultivation facility.

“The Touchless Harvesting feature is a great convergence of efficiency and compliance,” says Andrew Rayl, director of compliance for FloraCal Farms. “It allows us to remain in full compliance with even the most conservative interpretations of harvest regulatory requirements without sacrificing any time.”

Maryland Del. Jazz Lewis and Broad Coalition of Advocates Call for Cannabis Legalization During Press Conference

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NOVATO, Calif., Jan. 26, 2021 /PRNewswire/ — Trym, a pioneering cannabis cultivation software company, is pleased to announce the release of Touchless Harvesting, a patent-pending technology that allows cultivators to compliantly and expeditiously scan, weigh, and record plant tags while harvesting cannabis plants via a mobile device.

Touchless Harvesting saves cultivators time by providing the most efficient method for recording each plant’s weight in accordance with state regulations without touching their mobile devices.

Touchless Harvesting helps growers:

  • save hours harvesting and remain in strict compliance with CDFA.
  • scan plant tags via a phone or tablet without touching the device.
  • complete harvests without ever logging into METRC.
  • automate weight recording via Bluetooth scale integrations.
  • keep sticky, trichome-covered fingers off their mobile devices.

“At Trym, we’re all about helping cultivators save time and streamline their operations. That’s why we created Touchless Harvesting.It’s a burden to harvest cannabis plants in California due to regulations that require tediously weighing each plant and reporting the weights to the state via METRC. Touchless Harvesting is the fastest way to harvest cannabis plants and report to METRC,” says Trym CEO Matt Mayberry. “The feedback so far has been fantastic and we look forward to expanding our reach in 2021.”

Trym launched Touchless Harvesting with longtime partner and customer FloraCal Farms in Santa Rosa, CA. Using Trym, FloraCal Farms was able to harvest, weigh, and report 680 plants all before lunch. Efficiency and compliance are top priorities for the FloraCal team who harvest every week in their 20,000 sq.ft. cultivation facility.

“The Touchless Harvesting feature is a great convergence of efficiency and compliance,” says Andrew Rayl, director of compliance for FloraCal Farms. “It allows us to remain in full compliance with even the most conservative interpretations of harvest regulatory requirements without sacrificing any time.”

AOAC Approves New Microbial Testing Validations

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In a press release sent out this month, bioMérieux announced they have received the very first approvals in cannabis and hemp for AOAC Research Institute Performance Testing Methods (PTM). AOAC approved method validation for the detection of Salmonella and STEC (Shiga toxin-producing E. coli) in cannabis flower utilizing bioMérieux GENE- UP® SLM2 (PTM 121802) and EHEC (PTM 121806) assays.

According to the press release, these validations are the first of their kind in the cannabis and hemp industries. The AOAC-validated testing methods are approved for 1-gram and 10-gram samples.

Dr. Stan Bailey, senior director of scientific affairs at bioMérieux, says these approvals demonstrate the company’s commitment to innovative and validated science in the cannabis and hemp industries. “We are especially proud that the GENE-UP SLM2 and EHEC are the first two AOAC approvals in the United States for cannabis and hemp,” says Dr. Bailey. “This is increasingly important with now over half the population of the US living in states that have approved cannabis for recreational use and most states approving cannabis for medical use.”

The AOAC PTM designations are recognized by the US Department of Agriculture, the Food and Drug Administration, and global regulatory agencies. The validation guidance builds on AOAC’s Cannabis Analytical Science Program (CASP).

bioMérieux is a French in vitro diagnostics company that serves the global testing market. They provide diagnostic solutions such as systems, reagents, software and services.

Florida Lawmakers File Legislation to Protect Public Employees Who Use Medical Cannabis

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NOVATO, Calif., Jan. 26, 2021 /PRNewswire/ — Trym, a pioneering cannabis cultivation software company, is pleased to announce the release of Touchless Harvesting, a patent-pending technology that allows cultivators to compliantly and expeditiously scan, weigh, and record plant tags while harvesting cannabis plants via a mobile device.

Touchless Harvesting saves cultivators time by providing the most efficient method for recording each plant’s weight in accordance with state regulations without touching their mobile devices.

Touchless Harvesting helps growers:

  • save hours harvesting and remain in strict compliance with CDFA.
  • scan plant tags via a phone or tablet without touching the device.
  • complete harvests without ever logging into METRC.
  • automate weight recording via Bluetooth scale integrations.
  • keep sticky, trichome-covered fingers off their mobile devices.

“At Trym, we’re all about helping cultivators save time and streamline their operations. That’s why we created Touchless Harvesting.It’s a burden to harvest cannabis plants in California due to regulations that require tediously weighing each plant and reporting the weights to the state via METRC. Touchless Harvesting is the fastest way to harvest cannabis plants and report to METRC,” says Trym CEO Matt Mayberry. “The feedback so far has been fantastic and we look forward to expanding our reach in 2021.”

Trym launched Touchless Harvesting with longtime partner and customer FloraCal Farms in Santa Rosa, CA. Using Trym, FloraCal Farms was able to harvest, weigh, and report 680 plants all before lunch. Efficiency and compliance are top priorities for the FloraCal team who harvest every week in their 20,000 sq.ft. cultivation facility.

“The Touchless Harvesting feature is a great convergence of efficiency and compliance,” says Andrew Rayl, director of compliance for FloraCal Farms. “It allows us to remain in full compliance with even the most conservative interpretations of harvest regulatory requirements without sacrificing any time.”

GrowGeneration Acquires Washington-Based Indoor Garden and Lighting, Expands Footprint in Pacific Northwest

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DENVER, Jan. 26, 2021 /PRNewswire/ — PRESS RELEASE — GrowGeneration Corp., a national chain of specialty hydroponic and organic garden centers, has announced the acquisition of Indoor Garden & Lighting, a two-store chain of hydroponic equipment and indoor gardening supply stores serving the Seattle and Tacoma, Wash., area. The company will be consolidating its current Seattle operation into the acquired stores. This acquisition brings the total number of GrowGen hydroponic garden centers nationwide to 40 stores.

"We’re thrilled to kickstart 2021 with our acquisition of Indoor Garden & Lighting, which boasts a strong commercial customer base and a talented team of grow professionals," said Darren Lampert, GrowGeneration’s CEO. "This deal expands our footprint in the Pacific Northwest and puts us in close proximity to Tacoma’s large commercial operators. With the addition of Indoor Garden & Lighting, we expect Washington’s thriving adult-use market to generate annual revenues of $10 million for GrowGen."

Founded in 1995, by Mike Long, Indoor Garden & Lighting has operations in Tacoma and Mountlake Terrace. GrowGen plans to close its current Seattle storefront and consolidate it with Indoor Garden & Lighting’s Mountlake Terrace location. GrowGeneration also plans to operate out of Indoor Garden & Lighting’s 10,000-square-foot warehouse in Tacoma. As part of the deal, Long and his team of cultivation experts will join GrowGeneration. 

The Indoor Garden & Lighting acquisition is the company’s first acquisition this year, and follows yet another quarter of record earnings. Earlier this month, the company pre-announced fourth-quarter revenues of $61.5 million, bringing full-year 2020 revenue to $192 million, up 140% from 2019. Same-store sales increased 63% for full-year 2020, compared to the previous year. The company also raised its 2021 revenue guidance to $335 million-$350 million, and raised its 2021 adjusted EBITDA guidance to $38 million-$40 million. GrowGen plans to have 55 garden center locations by the end of 2021.

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