cannabis industry

Slang Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) released Tuesday preliminary, unaudited full-year and fourth-quarter 2020 financial results with quarterly revenue of CA$9.66 million ($7.7 million), compared to CA$8.7 million in the same period of 2019. Financial Highlights The cannabis consumer...

Trulieve Cannabis Corp. (CSE:TRUL) (OTC: TCNNF) is poised to raise funds through a marketed public offering of its shares. The Tallahassee, Florida-based company opted to sell some 4,400,440 subordinate voting shares in the United States and Canada in an underwritten public offering. Underwriters...

The cannabis compliance technology platform Fyllo said Tuesday it has raised $30 million via an oversubscribed Series B round co-led by JW Asset Management and Sol Global. Other participants in the funding round include Entourage Effect Capital, Arcadian Capital Management, K2,...

InterCure LTd. (TASE: INCR), doing business as Canndoc, is poised to acquire medical cannabis brand Better Holdings. The Israeli cannabis company inked a letter of intent to purchase 100% of Cann Pharmaceutical Ltd.'s shares, including Better’s Israel-based operations and 50% of Cann'...

Cansortium Inc. (CSE:TIUM.U) (OTCQB: CNTMF) has secured some $12 million in financing through a sale of roughly 17.14 million of its units at 70 cents per unit. The Miami company expects to close the private placement over the next few days. The financing will boost its operations in Florida, which...

Charlotte Figi, a young girl from Colorado, who helped spread the word about the benefits of CBD in those suffering from rare forms of epilepsy, will never be forgotten. This week, on April 7th, a benefit concert in her honor will be held in her memory. Charlotte's Story Charlotte became famous...

Psychedelic medicine biotech company MindMed (NEO: MMED) (OTCQB: MMEDF) (DE: MMQ) reported Monday the results of a study on MDMA dosing optimization utilizing personalized medicine. The study was conducted at the University Hospital Basel Liechti Lab, in Basel, Switzerland. The company said it...

Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX: TCNNF) has acquired three Pennsylvania-based medical marijuana dispensaries. The Tallahassee, Florida-based company purchased Keystone Shops' dispensaries in Philadelphia, Devon, and King of Prussia for $60 million. The transaction boosts Trulieve'...

Canadian cannabis company, Zenabis Global Inc. (TSX: ZENA) (OTC: ZBISF) released Wednesday its fourth-quarter and full-year financial results with full-year revenue of $59.3 million. Full-Year Highlights Consolidated net revenue jumped 95% from the prior year. Consolidated adjusted EBITDA came in...

iAnthus Capital Holdings, Inc. (CSE:IAN) (OTCPK: ITHUF) reported Thursday its revenue went up by 93.5% year-over-year to $151.7 million in 2020. Fourth-quarter revenue amounted to $46 million. For the fiscal year ended December 31, the gross profit amounted to $86.7 million, representing a 232.2%...

MediPharm Labs Corp. (TSX:LABS) (OTCQX: MEDIF) (FSE:MLZ) generated C$6.1 million ($4.85 million) in the fourth quarter of 2020, up by 22% sequentially. The Barrie, Ontario-based company, wrapped up 2020 with C$36 million in revenue. The bet loss amounted to roughly C$30.9 million for the quarter,...

Ayr Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF), confirmed Tuesday it has completed the acquisition of Ohio-based Parma Wellness Center LLC in a $17 million cash deal. The New York-headquartered multi-state cannabis operator purchased 100% of the membership interest of the management company and...

Vertically integrated cannabis company Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX: HRVSF) revealed Tuesday afternoon its total revenue spiked 98%, reaching $231.5 million in 2020. Total revenue in the fourth quarter amounted to $69.9 million, representing a year-over-year increase of 85...

Schwazze, previously known as Medicine Man Technologies Inc. (OTCQX: SHWZ), posted Tuesday its fourth-quarter and full-year 2020 financial results, with full-year revenue of $24.0 million, up by 94% from $12.4 million in 2019. Full-Year Highlights Product sales reached $22.5 million, compared to...

Clever Leaves Q4 And Full Year 2020 Revenue Increases 28% and 55%, Looks To Expand Globally Multi-national cannabis operator Clever Leaves Holdings Inc. (NASDAQ: CLVR) reported Tuesday afternoon its fourth-quarter revenue increased 28% year-over-year to $3.3 million. Full-year 2020 revenue amounted...