Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Fintech PR

Trulieve, Florida’s Largest Medical Cannabis Dispensing Organization, Settles with Florida Department of Health

Published

on

Reading Time: 2 minutes

 

Following a ruling by Judge Karen Gievers claiming the statutory caps on dispensaries unconstitutional, Trulieve Cannabis (OTC: TCNNF & CNSX: TRUL) (“Trulieve”), Florida’s largest medical cannabis licensee, has settled their challenge with the Florida Department of Health. Trulieve’s 14 dispensaries that were established before the statewide cap was enacted are now excluded from the statutory cap.

Trulieve and the Florida Department of Health reached a mutual settlement which specifies that only dispensaries approved after the statewide cap was enacted are counted in the cap calculation for Trulieve. Presently, the law limits the number of dispensaries a medical marijuana treatment center (“MMTC”) is allowed to open based on the number of active patients on the medical marijuana registry. These caps are in place until April 2020. Under this settlement Trulieve will be entitled to 14 dispensaries in addition to the authorized cap amount for as long as the cap remains in place.

“This is not a victory for Trulieve – it’s a victory for Florida’s patients. Our suit was first and foremost about patient access; working around the caps meant we had to build up a distribution model based on the statutorily-mandated geographic distribution instead of where patients live, effectively driving up costs and restricting patient access to the relief they need,” said Trulieve CEO Kim Rivers. “Thanks to this resolution, we will have the ability to open stores in locations where patients live, which will allow us to fulfill our goal of reaching every patient as efficiently, safely, and consistently as possible, including and especially those in more rural areas.”

The suit, filed by Trulieve in April of 2018, alleged that the statutory caps, which were established after Trulieve had been awarded a license to grow, cultivate, distribute, and sell medical cannabis in Florida, were unconstitutionally added after-the-fact and that such restrictive caps were never contemplated during the application and selection process.

In Judge Gievers’ original order, issued in February, she stated that “the evidence clearly and conclusively establishes beyond any doubt that the imposition of regional and statewide caps on the number of dispensaries for each licensed [medical marijuana treatment center] does not support Voter-Approved constitutional goals.”

Presently, Trulieve operates 26 dispensaries throughout the State of Florida, spanning from Pensacola to Miami. As part of the company’s mission to ensure safe, reliable access for patients statewide, Trulieve will continue opening dispensaries to conveniently serve patients’ medical needs.

To learn more about Trulieve, visit www.Trulieve.com.

 

SOURCE Trulieve Cannabis Corp.

Advertisement

Fintech PR

KuCoin Surpasses 40 Million Registered Users, Demonstrating Commitment to Compliance and Innovation

Published

on

kucoin-surpasses-40-million-registered-users,-demonstrating-commitment-to-compliance-and-innovation

VICTORIA, Seychelles, April 3, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is proud to announce that it has surpassed 40 million registered users worldwide. This significant milestone underscores the trust and confidence the global community places in KuCoin and its commitment to providing secure, compliant, and innovative products and services.

Unwavering Commitment to Compliance

KuCoin’s growth is not just in numbers but also in its steadfast commitment to compliance and user protection. The exchange has made substantial progress on the regulatory front, including a pivotal settlement with the Department of Justice (DOJ). This agreement marked a new chapter for KuCoin, resolving past compliance challenges and setting a clear path for future operations. Additionally, KuCoin’s application for the Markets in Crypto-Assets Regulation (MiCAR) license in Austria is another testament to its dedication to adhering to global compliance standards, ensuring that it operates within the legal frameworks essential for servicing EU and EEA markets.

Trusted and Innovative Solutions Driving Growth

KuCoin has continually introduced innovative products that resonate with users worldwide. From advanced trading solutions to user-friendly platforms for new crypto enthusiasts, KuCoin has maintained a focus on enhancing user experience and expanding its service offerings, making it one of the most versatile platforms in the crypto space. KuCoin recently launched its brand new KCS Loyalty Level Program that is designed to enhance the utility of existing and new KCS holders by introducing a tiered loyalty system that rewards users based on their KCS stakings. Krazy Degen, which serves as an all-encompassing information hub focused on displaying and monitoring multi-chain trending tokens, is also a groundbreaking feature designed to transform how traders discover and invest in early-stage, high-potential tokens directly from the blockchain.

A Word from CEO of KuCoin

“Our journey to 40 million users is not just a number—it’s a testament to the trust we’ve built with our users across the globe,” said BC Wong, CEO of KuCoin. “We remain committed to delivering a secure and dynamic trading environment, with compliance as our backbone and innovation as our path forward. This milestone reflects our ongoing efforts to not only meet but exceed the expectations of our users.”

Looking Forward

As KuCoin continues to grow, the exchange remains dedicated to enhancing its services and compliance measures. With ongoing improvements in security protocols, user education, and community engagement, KuCoin is poised to keep providing exceptional value and service to its expanding user base.

About KuCoin

Advertisement

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 40 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/.

Photo – https://mma.prnewswire.com/media/2657499/image_5002362_38885830.jpg
Logo – https://mma.prnewswire.com/media/2641815/KuCoin_Horizontal_Green_LOGO_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/kucoin-surpasses-40-million-registered-users-demonstrating-commitment-to-compliance-and-innovation-302419886.html

Continue Reading

Fintech PR

TVP Research Finds Pre-Seed Bitcoin Startup Investment Activity Grows 767% Since 2021

Published

on

tvp-research-finds-pre-seed-bitcoin-startup-investment-activity-grows-767%-since-2021

AUSTIN, Texas, April 3, 2025 /PRNewswire/ — Trammell Venture Partners (“TVP”), an Austin-based venture capital firm, today announced the third annual results of its proprietary research on the growth of the Bitcoin-native startup and venture capital landscape. TVP research shows the Bitcoin startup sector continued its breakout category growth trend of forming and investing in new companies, despite the decline in total dollars invested due to the broader venture investment pullback. With a 50% year-over-year increase in transaction count, and a remarkable 767% increase in funding rounds since 2021, the Pre-Seed stage built on its prior years of growth in 2024.

TVP’s analysis indicates that early-stage, Bitcoin-native startups raised nearly $1.2 billion during the 2021-2024 period, based on four years of longitudinal data research.

“One or two years’ data might represent an anomaly, but with four consecutive years of year-over-year growth at the earliest stage of Bitcoin startup formation, the data now confirm a sustained, long-term venture category trend,” said Christopher Calicott, TVP’s managing director. “Many entrepreneurs across crypto are revisiting the Bitcoin stack as the long-term place to build their companies. It makes perfect sense: the objectively most secure, reliable, and decentralized blockchain is the obvious platform of choice, given the increasing capability to build there. And as this wave of early-stage companies find traction, increasing amounts of crypto value will accrue to the Bitcoin stack—a core thesis for TVP.”

The annual release of TVP’s Bitcoin-Native Venture Capital Landscape Research Brief augments the available research for Bitcoin startups. This research aims to support the institutionalization of venture investment for this emerging growth category within crypto and blockchain venture capital.

The TVP Bitcoin startup investment research brief is available for download.

About Trammell Venture Partners

Trammell Venture Partners, founded in 2016, is an Austin-based early-stage venture capital firm investing in Bitcoin-native, security and privacy tech, and applied AI companies. Since 2020, TVP has focused on backing founders building on the layers of the Bitcoin protocol stack via the venture capital industry’s first dedicated Bitcoin-native mandated VC fund series: The TVP Bitcoin Venture Fund series. Find out more about TVP on the web, LinkedIn, X, or find a Bitcoin job on the TVP bitcoin and crypto Jobs Board.

Media Contact: Zach Young
Email: media@tvp.fund

Logo – https://mma.prnewswire.com/media/1769646/high_res_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/tvp-research-finds-pre-seed-bitcoin-startup-investment-activity-grows-767-since-2021-302408315.html

Advertisement
Continue Reading

Fintech PR

Adelaïde Group confirms growth momentum and strengthens European presence

Published

on

adelaide-group-confirms-growth-momentum-and-strengthens-european-presence

QUIMPER, France, April 3, 2025 /PRNewswire/ — With turnover of €450 million in 2024, up 12.5%, the Adelaïde Group has reached a new milestone in the roll-out of its Better Future 28 strategic plan to become Europe’s leading independent family insurance broker, and has confirmed its ambition to achieve turnover of €800 million by 2028.

Solid results and sustainable growth momentum

When presenting the annual results, Benjamin Verlingue, Chairman and CEO of the Adelaïde Group, along with Audrey Verlingue and Gilles Bénéplanc, Deputy CEO’s of the Adelaïde Group, highlighted the solidity of the Group’s model, based on robust organic growth (+10%) and a strategy of targeted acquisitions.

“Our 2024 performance confirms the relevance of our strategy and the strength of our independent family model. Our Better Future 28 strategic plan, launched nine months ago, embodies our collective ambition: becoming Europe’s leading family brokerage company, while remaining true to our values,” Benjamin Verlingue said.

2024: A year marked by strategic acquisitions

The Adelaïde Group strengthened its strategic positions in the European brokerage market by making four acquisitions, illustrating its desire to diversify its expertise and expand its geographical presence:

  • DUNE (France): This Managing General Agent, specialising in construction insurance, enables the Group to broaden its scope of expertise in insurance distribution.
  • ProConseils Solutions (French-speaking Switzerland): Verlingue’s first location in French-speaking Switzerland, marking a significant step forward in the market in this key region.
  • MBB and Brixia Broker (Italy): Two acquisitions of insurance brokers that strengthen the territorial coverage of Inser, Verlingue’s subsidiary in Italy.

2024 highlights: Growth and transformation across the Group

In 2024, the Adelaïde Group continued its growth momentum, marked by solid performances and strategic investments across its various entities.

  • Verlingue generated turnover of €314 million, up 10%. Thanks to sustained expansion in France and Europe, through acquisitions in Italy and Switzerland, Verlingue has consolidated its position in the brokerage market. In 2024, international business accounted for 37% of Verlingue’s turnover. Vincent Harel has been appointed CEO of Verlingue, due to take up his post on 28 April 2025.
  • Génération, a Third-Party Administrator for both individual, company health and employee benefits, achieved remarkable growth of 18%, with turnover of €121 million. Its portfolio grew to 2.6 million health policyholders and 1.2 million life insurance policyholders.
  • Cocoon, a subsidiary dedicated to individual health insurance, continued to restructure its portfolio by optimising its digital channels, sustaining profitable growth with turnover of €13 million. In 2024, the brand stepped up its activity in the individuals leaving group schemes segment in particular, recording 12,000 new contracts.
  • DUNE, which joined the Group in 2024, aims to position itself as a key player in the underwriting market, specialising in construction insurance. This new entity has already underwritten €10 million in premiums through a network of 650 brokers, illustrating its strong strategic potential

About Adelaïde

The Adelaïde Group is specialised in insurance consulting, brokerage, distribution and management. The Group is one of France’s leading insurance brokers. Organic growth, strategic acquisitions, international expansion and digital transformation are the Group’s four priorities for achieving its objective of building a major family-owned and independent insurance brokerage group with a European reach.
2,900 employees
2.6 million policyholders with health cover and 1.2 million with life cover
4.5 billion in premiums managed
Present in 5 countries: France, Great Britain, Switzerland, Portugal, Italy
www.adelaidegroup.fr

Logo – https://mma.prnewswire.com/media/2380073/4781860/Groupe_Adelaide_Logo.jpg

Press contact
Lucie Fortin lfortin@epoka.fr

Advertisement

Cision View original content:https://www.prnewswire.co.uk/news-releases/adelaide-group-confirms-growth-momentum-and-strengthens-european-presence-302419842.html

Continue Reading

Trending