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Ascend Wellness Holdings Terminates Both CEO And CFO, Replaces Management
Tuesday, August 27, 2024 - 1:22pm | 522Ascend Wellness Holdings (OTC:AAWH) announced it has terminated both its chief executive officer and chief financial officer. Effective immediately, the company has terminated John Hartmann as CEO and Mark Cassebaum as CFO and appointed Samuel Brill, a board member as the new CEO. Brill has been...
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Federal Court Upholds Iowa's New Hemp Restrictions, Is The Industry Doomed?
Monday, August 5, 2024 - 2:01pm | 641In Iowa, a federal court upheld a ban on synthetically produced intoxicating hemp compounds, ruling against two companies that sought to block the new state law. Climbing Kites and Field Day Brewing Co. challenged the law, which took effect on July 17 but failed to prove the law violates the...
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'We're Not Just Here to Sell Weed': An Illinois Dispensary's Mission To Home Shelter Dogs
Friday, July 26, 2024 - 11:00am | 660Cannabis businesses are increasingly stepping up their community involvement, addressing pressing social issues, and fostering positive local connections. One standout example is Ivy Hall, a dog-friendly neighborhood cannabis retailer in Illinois and a proud member of the Illinois Social Equity...
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All In: Trulieve Fuels Florida Campaign With Another $1M To Biggest Fund In History
Thursday, July 11, 2024 - 1:29pm | 710Cannabis leader Trulieve Cannabis Corp (OTC:TCNNF) recently contributed another $1 million to Smart & Safe Florida, adding to what is already the single largest pro-cannabis fund in U.S. history. This addition brings Trulieve’s total support for Amendment 3 to nearly $55 million over two...
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Good Shroom Reports Q3, Revenue Dips 10.3% YoY, Net Profit Still Positive
Friday, June 28, 2024 - 9:29am | 419Montreal-based company, The Good Shroom (TSTX:MUSH), announced its financial results for the quarter ended on April 30, 2024. The report includes results for the subsidiary Teonan Biomedical Inc. “The consistent profitability this quarter, despite a challenging market, highlights our focused...
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Canadian CanadaBis Reports C$3.97M Net Revenue In Q3 2024, 26% Decline YoY
Wednesday, June 26, 2024 - 2:39pm | 394Alberta-based vertically integrated cannabis operator CanadaBis (CVE:CANB) announced the results from their Q3 2024 for the company and its subsidiaries Stigma Pharmaceuticals Inc., Stigma Grow, Stigma Roots, Indicative Collection and Goldstream Cannabis Inc. Despite showing a decrease of 26% YoY...
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Green Thumb Industries' Annual General Meeting, Elects Directors And Approves Executive Compensation
Friday, June 14, 2024 - 1:25pm | 281Green Thumb Industries Inc. (OTCQX:GTBIF) convened its 2024 Annual General Meeting of Shareholders on June 12, 2024, at its headquarters in Chicago, Illinois. Shareholders voted on several key proposals outlined in the company's 2024 Proxy Statement. The meeting led to the election of seven...
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Woman Faces 30-Year Prison Sentence And $1M Fine For 8 Ounces Of Bong Water Found In Her Car
Tuesday, June 11, 2024 - 4:27pm | 517A woman from Fargo North Dakota was pulled over for speeding near Polk County, Minnesota is now facing a possible 30-years-in-prison sentence for felony charges for water found on the bottom of a cannabis bong. But an “obscure relic of the war on drug paraphernalia” was overlooked and...
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EXCLUSIVE: Green Check Verified Lands $100M In Financing Requests, Partners With Brinks, Coda Capital
Monday, June 3, 2024 - 8:45am | 655Kevin Hart, founder and CEO of Green Check Verified, told Benzinga exciting news from the Spring 2024 Benzinga Cannabis Capital Conference in Hollywood, FL. Hart revealed how his team secured over $100 million in financing requests and announced a major partnership with Brinks. Additionally, he...
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Curaleaf's Dual Expansion: Balancing Medical And Recreational Markets While Emphasizing Social Equity (CORRECTED)
Monday, May 13, 2024 - 3:20pm | 615Editor’s note: This story has been corrected to reflect that Curaleaf is headquartered in New York City. Curaleaf CEO Matt Darin told Benzinga at the Cannabis Capital Conference in Miami that the company has recently increased its presence in New York. The New York City-based...
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InterCure Reports Strong FY2023: Performance Paves the Way for Global Expansion
Thursday, May 2, 2024 - 1:19pm | 360InterCure Ltd. (NASDAQ:INCR) achieved significant financial success in FY2023, reporting a total revenue of approximately $95.2 million. The company showcased an adjusted EBITDA of around $16.3 million, representing 17% of its total revenues. This performance marks an improvement over the...
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Deep Roots Harvest To Acquire The Source Operation In Nevada
Thursday, April 25, 2024 - 10:40pm | 492Nevada’s cannabis sector is undergoing notable transformations as Deep Roots Harvest, a key player in the state’s cannabis market, announces its acquisition of The Source assets, further solidifying its position in the industry. This move was noted by the Green Market Report and comes...
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Dreka Gates Flips Script: From Beats To Buds
Friday, April 12, 2024 - 12:14pm | 579Dreka Gates, previously known for managing her husband Kevin Gates‘s music career and upcoming speaker at the Benzinga Cannabis Capital Conference, has carved a new path in the cannabis industry with her venture, Love’s Harvest. Gates utilized the unexpected break from music tours...
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EXCLUSIVE: Next Big Thing In Vaping? New Leader Has Clues
Tuesday, April 9, 2024 - 3:06pm | 715CCELL, a renowned name in vaporizer technology, appointed Angela Pih as chief marketing officer. Pih, with a distinguished history of brand development across fashion, beauty, and, notably, cannabis, is set to infuse her depth of experience into enhancing CCELL’s consumer engagement and...
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EXCLUSIVE: Ispire's Co-CEO Says Vaping Technology Drives Revenue Growth, Including Part Of Impressive 30.7% Increase In Q2
Friday, March 22, 2024 - 5:00pm | 633In a recent discussion on Benzinga’s Cannabis Insider, Michael Wang, the co-CEO of Ispire Technology, shared insights into the company’s recent achievements and future directions in the cannabis vaping industry. The conversation highlighted Ispire’s second-quarter earnings,...