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CryptoCann™ Report: Judge orders hacker to pay bail in crypto; Canadian cannabis companies ink supplier deals in Ontario

Several Canadian cannabis companies have inked supply deals with the Ontario Cannabis Retail Corporation

Bitcoin and a gavel
An alleged hacker has been ordered by a US federal judge to post his bail in cryptocurrency

The Crypto Report

The National Science Foundation is awarding a six-figure grant to researchers at the University of California-San Diego for blockchain research.

Researched Subhashini Sivagnanam was awarded US$818,433 from the US government agency to help fund the development of a distributed ledger platform, as per a CoinDesk report.

Known as the Open Science Chain, the ledger would track and verify data collected by scientific researchers.

The grant will begin on September 1 and continue until August 2021.

READ: What exactly are Bitcoins and what are they for?

In crypto news, a US federal judge has ordered an alleged video game hacker to pay his bail in cryptocurrency.

A Serbian-Italian national was arrested at the San Francisco International Airport after allegedly hacking into Electronic Arts Inc’s (NASDAQ:EA) computer network and selling information from 25,000 accounts on dark market websites, as per a CoinGeek report.

The hack is estimated to have cost EA around US$324,000.

US Federal Judge Jacqueline Corley ordered the alleged hacker to post the equivalent of US$750,000 in cryptocurrency for bail.

While judges can request different forms of bail payment, it is not immediately clear why cryptocurrency was chosen. Corley was also the judge to rule against the Coinbase exchange when the US Internal Revenue Service requested information.

The Cann Report

Several Canadian cannabis companies have inked deals with the Ontario Cannabis Retail Corporation to supply the province.

The recently-public Tilray Canada Ltd (NASDAQ:TLRY) will be offering Ontario its portfolio of cannabis products.

READ: Cronos shares jump after reaching supply deals in Canada

The brands offered will include Marley Natural, a line inspired by musician Bob Marley, as well as women’s wellness brand Irisa and Canaca brand’s Canadian cannabis strains.

The list of suppliers also includes Aurora Cannabis Inc (TSE:ACB, OTCQX:ACBFF), OrganiGram Holdings (CVE:OGI OTCQB:OGRMF), VIVO Cannabis Inc (CVE:VIVO,OTCQB:ABCCF), Maricann Group Inc (CSE:MARI, OTCQB:MRRCF) and Aphria Inc (TSE:APH, OTCQB:APHQF).

Cronos Group Inc (NASDAQ:CRON, CSE:CRON) also signed a supply deal with Ontario as well as a handful of other deals.

The cannabis company signed supplier deals with BC Liquor Distribution Branch, Nova Scotia Liquor Corporation and Prince Edward Island Liquor Corporation.

Quick facts: Cronos Group Inc

Price: 9.64 USD

Market: NASDAQ
Market Cap: $3.47 billion

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