-
Cannabis Movers & Shakers: NuSachi, APWC, Nabis, AMCO, WSLCB, Veritas, Vinergy, Shield Compliance, BioSteel, Namaste, HERBL, BevCanna, Fyllo, AVD
Friday, March 5, 2021 - 12:13pm | 1988Read More...NuSachi Appoints New SVP Of Global Business Development CBD company NuSachi Inc. has named Matt Storey its senior vice president of global business development. Storey will work on partnering with other companies within the hemp and cannabis, wellness, personal care, as well as food...
-
Cannabis Regulatory Update: West Virginia Gov. Reconsiders Cannabis Stance, Wyoming's New Legalization Bill, Washington Presents Equity-Focused Legislation
Thursday, March 4, 2021 - 1:17pm | 607Read More...West Virginia Governor Softens His Standpoint Against Adult-Use Legalization Governor of West Virginia, Jim Justice, revealed Tuesday during a virtual town hall meeting, that he may soften his stance against adult-use cannabis legalization in the state (h/t High Times). When asked, during the...
-
Eaze's 'State of Cannabis' Data Report: How Consumers Reacted To Crises, What New Markets Can Learn
Wednesday, March 3, 2021 - 3:42pm | 310Read More...California cannabis delivery platform Eaze recently released its annual “State of Cannabis” data report, an analysis of cannabis product trends, buying habits, consumption preference, and more. This report was focused on how cannabis consumers responded to crises in 2020. The findings...
-
Columbia Care Expects Record Q4 Earnings, Will Finalize Green Leaf Medical Deal Soon
Wednesday, March 3, 2021 - 1:18pm | 285Read More...Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) released preliminary financial results for the fourth quarter and full-year 2020. The New York-based company expects combined quarterly revenue to hover $81.8 million. That's up by 234% year-over-year. Columbia Care says it...
-
Schwazze Shares Bounce On Heels Of Five Star Buds Deal Valued At $72.3M
Wednesday, March 3, 2021 - 12:05pm | 437Read More...Schwazze, previously known as Medicine Man Technologies Inc. (OTCQX: SHWZ), completed the acquisition of five Colorado-based Star Buds dispensaries in a $72.3 million stock and cash deal. The news comes on the heels of its $34 million raise, via the latest tranche of preferred equity. The Colorado...
-
MariMed Secures $46M In New Funding For Expansion Purposes, Debt Relief
Tuesday, March 2, 2021 - 5:39pm | 338Read More...Cannabis company MariMed Inc. (OTCQX: MRMD) closed a $46 million financing facility Tuesday with Hadron Healthcare Fund. Beacon Securities Ltd. advised the deal. Why It's Important: The initial chunk, $23 million — $3.70 per share of Series C preferred stock plus a...
-
Legal Cannabis Sales Surpassed $21.3B In 2020, BDSA Study Shows
Tuesday, March 2, 2021 - 3:33pm | 520Read More...Despite the Covid-19 pandemic disrupting just about every type of business — especially retail — the legal weed sector saw a sales uptick throughout 2020. According to analytics firm BDSA, total cannabis sales last year hovered $21.3 billion across the globe. ...
-
Earnings Update: Lowell Farms Shares Down On Heels Of Revenue Slip, Choom Shares Jump On Revenue Growth
Tuesday, March 2, 2021 - 1:06pm | 562Read More...Lowell Farms Posts Lower Revenue And Operating Results Lowell Farms Inc. (OTCQX: INDXF) — previously known as Indus Holdings — posted its annual and quarterly earnings results Tuesday. The Salinas, California-based cannabis company reported quarterly revenue of $9.2...
-
A First In Weed: Israeli Company IM Cannabis Now Trading On The Nasdaq
Tuesday, March 2, 2021 - 11:17am | 226Read More...Medical cannabis company IM Cannabis Corp. (CSE:IMCC) (NASDAQ: IMCC) made its debut on the NASDAQ Capital Market on Monday becoming the first Israeli cannabis company to do so. Shares experienced volatility on decent volume, closing the day up almost 5%. At the time of the writing of this article...
-
Schwazze Raises $34M To Support Purchase Of Star Buds Stores
Tuesday, March 2, 2021 - 11:11am | 270Read More...Schwazze, previously known as Medicine Man Technologies Inc. (OTCQX: SHWZ) has raised $34 million in financing.] The Colorado company completed the latest tranche of preferred equity, bringing its total raise to $56 million. CRW Capital Cann Holding LLC, an affiliate of Dye Capital,...
-
Are You Overpaying For Pot Products? What A New Study About Cannabis Mislabeling Shows
Tuesday, March 2, 2021 - 8:09am | 365Read More...Some 45% of cannabis products worldwide are mislabelled with higher than actual THC levels. That's according to cannabis tech company GemmaCert, which reported the findings Tuesday as part of a 2020 study focused on the accuracy of marketed cannabis potency. The...
-
Ayr Wellness Expands In Las Vegas, Plans To Open Dispensaries In New And Existing Markets
Monday, March 1, 2021 - 1:40pm | 251Read More...Cannabis company Ayr Wellness (CSE: AYR.A) (OTCQX: AYRWF) opened its third dispensary in Las Vegas under The Dispensary NV flag on Feb. 27. This is Ayr Wellness’ fourth location under this banner, and the sixth location in Nevada, counting two dispensaries with Mynt flags located in...
-
Vireo CEO Discusses IP And The Possible Future Of Flower Packaging
Friday, February 26, 2021 - 3:54pm | 632Read More...Vireo Health International Inc. (OTCQX: VREOF) has had a busy 2021 so far. The company has had brand expansions, a rollout of its latest IP, and the closing of four medical licenses in Nevada, allowing both medical and adult-use production. The additional expansion also includes...
-
MedMen's New York Subsidiary Gets $73M From Ascend Wellness To Repay Debt
Friday, February 26, 2021 - 12:05pm | 250Read More...MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) confirmed Friday its subsidiary in New York will obtain a $73 million investment from Ascend Wellness Holdings LLC, a multi-state cannabis operator. “We believe the proposed transaction will bring fresh capital and a new perspective to New...
-
Cronos Group Posts Earnings Report, Rolls Out 'Happy Dance' At ULTA Beauty Stores
Friday, February 26, 2021 - 12:00pm | 482Read More...Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) released Friday its fourth quarter and full-year 2020 financial results with a yearly net loss of $75 million, compared to a net income of $1.1 million in 2019. Full Year Results Consolidated net revenue for the full year reached $46.72 million —...
