with a goal of replacing the majority of the currently entrenched legacy HEXO Board members and turning around the underachieving Company’s disappointing performance. Michael Munzar and former CEO Sebastien St-Louis deceived the Redecan group of investors and destroyed shareholder value by completing a number of destructive financings and that the incumbent Board of Directors, led by current Board […]
The Offering was conducted on a “best-efforts” basis pursuant to an agency agreement entered into on February 2, 2022 between the Company and a syndicate of agents. The Company may redeem the 2026 Notes at par, in whole or in part, on or after February 3, 2024, as more particularly described in the fourth supplemental […]
, a multi-state cannabis operator, is pleased to announce completion of the first stage of the vertical strategy to expand into the rapidly growing Michigan market. This was another license win for Body and Mind and our development group moved quickly to advance the opportunity. Body and Mind excels at building community relationships, which is […]
Even taking into account the extra day compared to the prior month, several markets exhibited strong growth, especially those in the East, which tend to be dominated by MSOs. BDSA provides coverage for the relatively mature markets of Arizona, California, Colorado, Nevada and Oregon. Arizona transitioned to adult-use in late January last year, but this […]
Tier 1, which included the LPs that are generating cannabis-related sales of at least C$30 million per quarter, fell 15.9% to 264.34 in January. Tier 2, which included the LPs that generate cannabis-related quarterly sales between C$7.5 million and C$30 million, fell 11.5% to 236.53. In 2021, it lost 17.1%, closing at 267.36. Tier 3, […]
This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay up to date. When we launched this resource in May 2019, companies with quarterly revenue in excess of US$2.5 million qualified. We note that often operating income can include one-time items like stock compensation, inventory write-downs or public […]
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. It’s unrealistic to expect cannabis stocks won’t struggle further if the overall market continues to sell off aggressively, but we believe that some cannabis companies will fare better than others, if so. […]
Bayern checked in to discuss the company’s pillars of growth, recent deals and what comes next for Curaleaf. The company is focused on four pillars of strategic growth to build its competitive advantage in the cannabis space: consumer products, distribution, consumer connection and talent. More than 5,500 people work at Curaleaf, and the company continues […]
and a leader in accounting, tax, audit, and advisory solutions for the cannabis and hemp industries has released its 3rd annual “Cannabis 50” list. 2021 saw the cannabis and hemp industries continue their integration into mainstream business and culture with a growing awareness of the individuals and communities at risk of not being able to […]
As of December 31, 2021, the Company’s pro forma cash balance, including proceeds from the Offering, was approximately US$104 million. Their confidence reiterates the strength of our differentiated corporate strategy, industry leading organic revenue growth rate, geographic footprint leveraged to medical states evolving to adult-use, as well as the strength of our management team. Given […]
Members of management and the Board, including Raymond Chang, the Chairman and Chief Executive Officer of the Company, participated in the Offering on the same terms as the other investors except for a combined purchase price of $6.90. This press release does not constitute an offer to sell or the solicitation of an offer to […]
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. Deployment of cash by MSOS appeared to help its largest constituents, where most of the money went. When thinking about the potential impact on the stocks, it’s important to understand that the […]
Canadian retail cannabis sales were a bit stronger than expected, falling 3% from October, to C$354 million in November, +36% from a year ago. The model was launched in March 2017 targeting long-term investors seeking to invest in leading cannabis stocks with low portfolio turnover and has gained 117.6% since inception compared to the 65.1% […]
COVID lockdowns have been weighing on retail sales, while an increase in the number of stores as well as falling flower prices that bring consumers from the illicit market have been boosting sales. Hifyre IQ estimated that product categories have seen a shift towards non-flower products, which it estimates at 28.4% in November compared to […]
The net proceeds from the upsize were approximately $39.5 million, after the original issue discount and other estimated offering expenses, and will be used for strategic growth opportunities and general corporate purposes. Unless they are registered, the Notes may be offered and resold only in transactions that are exempt from registration under the Securities Act […]
The Company expects Focus Medical to import additional quantities of premium dried cannabis from TJAC, and its supply partners in Canada and elsewhere, on a consistent basis going forward. As disclosed on November 29, 2021, the imported medical cannabis from TJAC will be sold to licensed Israeli patients under the WAGNERS brand, the Company’s popular […]
Pistil Data aims to stand out from the crowd of cannabis data technology companies with the breadth of its data and a focus on sales teams and brands. Graham also had plenty of exposure to the kinds of technology that enable companies to use data and make faster decisions. Pistil gathers a vast amount of […]
18, 2022 /PRNewswire/ – , the market leader in full spectrum hemp extract products, today announced a national distribution agreement with GNC, a leading specialty retailer of nutritional products with more than 2,000 locations in the United States. To best reach and serve consumers we rely, in part, on strong partnerships with proven mass retail partners. Charlotte’s Web Gummies are […]
wholesaler of branded cannabis products, is expanding its Sunnyside brand in Pennsylvania with a new store located at 28 W Skippack Pike in Ambler. With our CPG and wholesale focus, we’ve been able to take the top market share in Pennsylvania according to Headset. Located in the borough of Ambler north of Philadelphia, the dispensary […]
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. It was a year ago that we discussed how cannabis sales data might be volatile after compiling and publishing BDSA sales estimates in several markets for November 2020. We continue to argue […]