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. With Tilray’s shareholders finally approving the merger with Aphria, one of the largest global cannabis companies by market cap has been created. The pro forma $874 million number included not only the […]
It released data for December suggesting more than 1100 tons of dried flower inventory, well ahead of consumption levels. 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 427.3% since inception compared to the 24.3% decrease in the index. After […]
Each of the members was also included in a sub-index, with 4 in the Canadian Cannabis LP Tier 1 Index, 13 in the Canadian Cannabis LP Tier 2 Index and 22 in the Canadian Cannabis LP Tier 3 Index during the month. Tier 1, which included the LPs that are generating cannabis-related sales of at […]
CEO and Chair of the Board Tyler Robson last spoke with New Cannabis Ventures in October 2019, and he checked in to discuss The Valens Company rebrand, its business model evolution and acquisitions. Robson, President Jeff Fallows, CFO Chris Buysen and COO Chantel Popoff make up the core of the leadership team. Valens may have […]
Please note that we have raised the minimum quarterly revenue several times as the industry has scaled up, including from US$10.0 million in November 2020, US$7.5 million in June 2020, US$5.0 million in October 2019 and US$2.5 million in May 2019. dollars and 12 in the Canadian currency, which is the same as when we […]
Sales of C$263 fell 5.9% from January , which had declined 6.0% from December levels, and rose 74.4% from a year ago. The decrease in February, the second consecutive sequential decline, was due to the fewer number of days during the month. Hifyre IQ estimated that product categories have been stable, with a slight decrease […]
SEATTLE, April 27, 2021 /PRNewswire/ — Headset, the leading provider of data and analytics to the cannabis industry, announced today the launch of its competitive intelligence tool, Headset Insights Premium, in Pennsylvania. The platform will help cannabis businesses develop effective strategies, identify opportunities, monitor the competitive landscape, and understand the overall state of the market, all in real-time. In addition, concentrates […]
SOUTH SAN FRANCISCO, Calif., April 21, 2021 /PRNewswire/ — Dama Financial the premier provider of access to banking and payment solutions through its FDIC-insured banking partners for the rapidly growing legal cannabis industry, today announced the completion of its $12.6 million Series B funding round, bringing Dama’s total funding to approximately $24 million to date. […]
DENVER, April 21, 2021 today announced that it has entered into a definitive agreement to acquire Trees, a leading cannabis retail operator with dispensaries in Colorado and Oregon. Over the last year, General Cannabis became one of the first public companies to receive a Suitability Approval from the Colorado Marijuana Enforcement Division to acquire licensed […]