NEW YORK, Nov. In the rapidly evolving cannabis industry, with numerous regulations and restrictions, springbig has emerged as a market leader in direct-to-consumer marketing and engagement. Jeffrey Harris, Founder and Chief Executive Officer of springbig, said, “The key to our success has been empowering our clients by connecting them with their customers and engaging directly as […]
, a leading international provider of consumer products in cannabis, today reported its financial and operating results for the third quarter ended September 30, 2021. A webcast of the call can be accessed on the investor relations section of the Curaleaf website at ir.curaleaf.com The teleconference will be available for replay starting at approximately 7:00 […]
●As disclosed in the Company’s filings with the applicable Canadian securities regulators and the SEC, the Company entered into a restructuring support agreement dated July 10, 2020 interest accrued above the principal amount of $14.7 million of the interim financing provided by the Secured Lenders. On September 1, 2021, iAnthus announced the dismissal of the […]
With the completion of this strategic acquisition, Valens is poised to strengthen its position in the recreational market with the ownership of premium cannabis genetics, strains and products. The Arrangement was approved at the special meeting of Citizen Stash securityholders held on November 1, 2021, and by the Supreme Court of British Columbia on November […]
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 been a very tough year for the Canadian LPs, and the earnings report from Canopy Growth on Friday certainly reinforced the notion that the Canadian market remains challenging for its largest […]
The Notes will be treated as “Additional Notes” under the indenture governing the Company’s existing 4-year 12.5% Notes due on December 10, 2024 and as a single series with the existing notes under such indenture. Based on the belief that everything starts with the quality of the plant, the Company is focused on superior cultivation […]
Importantly, our successful completion of a $100 million unsecured debt offering established AFC Gamma’s initial debt cost of capital and enables the continued expansion of our loan portfolio. AFC Gamma issued a presentation of its third quarter 2021 results, titled “Third Quarter 2021 Earnings Presentation,” which can be viewed at www.afcgamma.com under the Investor Resources section. AFCG […]
Tough comparisons from a year ago, when sales surged during the pandemic, resulted in relatively weak annual growth in most markets, with several even declining. BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. Arizona transitioned to adult-use in late January, but this is the sixth month that BDSA has included adult-use sales. In […]
Initially, each qualifying company was required to trade at a minimum of $0.50 per share with a minimum average daily trading value of $500K at the time the index is rebalanced each month. Greenlane has lost 57% in 2021, while Turning Point Brands, which reported a disappointing Q3, has lost more than 14%. …Read the […]
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. During October, GTI dropped 26.3%, while its closest peers averaged a decline of 10.7%. Looking at the 9 leading MSOs by revenue, a group that includes Ascend Wellness, Ayr Wellness, Columbia Care, Cresco […]
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 expect to add additional companies in the months ahead, and, due to pending or recently completed […]
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 227.2% since inception compared to the 49.2% decline in the index since then. After a strong rally to begin 2019, the cannabis sector experienced a sharp decline over the next year […]
I am honoured and humbled to join the team as HEXO’s President & CEO. As we review our last fiscal year, I would like to highlight some key achievements. Quarter-over-quarter, the Company’s total gross margin declined to 20% from 22% in Q3’21. Wholesales were also impacted by the crystallization of fair value adjustments on the […]
Ms. Vattovaz’s duties will be assumed by members of Fire & Flower’s senior management team as the Company continues its transition to an asset-light, technology-focused model. Ms. Vattovaz has been instrumental to the growth of the Company’s Canadian retail business, most recently serving as the Company’s Chief Operating Officer responsible for overseeing the Company’s real […]
Interest on the Notes is payable semi-annually in arrears on May 1 and November 1 of each year, with the first payment on May 1, 2022. The Notes will be AFC Gamma’s general unsecured and unsubordinated obligations, will be fully and unconditionally guaranteed by each of AFC Gamma’s existing and future subsidiaries other than certain […]
Lipson spoke with New Cannabis Ventures about the company’s growth over the last six months, its Series D and what he sees for the company’s future. Over the last six months, the team has almost doubled to approximately 500 people across North America. With Dutchie coming from ecommerce and Leaf Logix and Greenbits coming from […]
It has emerged with a two-pillar strategy: one pillar focused on cannabis operations and the other focused on investment operations, according to CEO Zachary George. He worked in the alternative space, and he guided turnarounds and restructuring of a number of public entities in board and C-suite positions. Instead of supporting a large portfolio with […]
cannabis markets is at the heart of our growth strategy and we’re thrilled to have the opportunity to show what can be achieved through a maximized footprint in Massachusetts. Recognizing that the cannabis industry is poised to become one of the leading job creators in the country, Cresco Labs operates the industry’s largest Social Equity […]
The combined company, operating as Greenlane, brings together two of the pioneering cannabis ancillary product and service companies with more than 26 years of operating history to create an undisputed leader in the cannabis industry. Each KushCo stockholder is entitled to receive 0.3016 of a Greenlane Share for each share of KushCo common stock held […]
LAS VEGAS, NV / ACCESSWIRE / September 1, 2021 / Planet 13 Holdings Inc. License holders are not subject to restrictions on the number of dispensaries that may be opened or on the number or size of cultivation and processing facilities they may operate. Florida has long been one of our most coveted markets with […]