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Safe Harbor Financial Q1 Revenue Grows 150% YoY, Surpasses $1.1B In Quarterly Deposits
Monday, May 15, 2023 - 9:04pm | 769On Monday, SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (NASDAQ: SHFS), announced its financial results for the quarter ended March 31, 2023, revealing net revenue of $4.2 million in Q1 2023, an increase of 150% compared to $1.7 million in Q1 2022. Q1 2023 Financial Highlights Processed...
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Enveric Biosciences Reports Q1 2023 Loss, Implements Deep Staff Cuts & Halting Spinoff
Monday, May 15, 2023 - 5:20pm | 464Enveric Biosciences, Inc. (NASDAQ: ENVB) released its corporate update and reported financial results for the first quarter of 2023 ending March 31, 2023. Q1 2023 Financial Highlights Net loss attributable to shareholders was $4.80 million for the quarter ended March 31, 2023, including $0.56...
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Tennessee General Assembly Passes Sweeping Regulations For Hemp-Derived Cannabinoids
Thursday, May 4, 2023 - 2:14pm | 463The most substantive cannabis regulatory legislation in Tennessee history will soon become law, creating critical regulations on producing, selling and distributing products containing hemp-derived cannabinoids in the state. House Bill 403/Senate Bill 378 passed the full General Assembly and is...
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Indoor Harvest Corp. Acquires 369Hemp, Plans To Expand Into Smokable Hemp Market
Monday, May 1, 2023 - 2:41pm | 325Indoor Harvest Corp. (OTCPK: INQD) announced the completion of its acquisition of Opportunity Development Group, LLC, and its subsidiary, 369Hemp, Inc., a hemp cigarette manufacturer. Leslie Bocskor, CEO and chairman of INQD expressed excitement about the acquisition, stating that they are...
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EXCLUSIVE: How Strong Brands Can Help Cannabis Companies Expand Their Real Estate Footprint
Tuesday, April 18, 2023 - 12:23pm | 500Cannabis companies unique challenges due to the disconnect between state and federal laws. At the recent Benzinga Cannabis Capital Conference, experts discussed how to leverage strong brands for real estate expansion and standardization, and minimize risks. But, why do brands matter for real...
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SEC Charges Cannabis Company American Patriot Brands, CEO, And Others With Fraud
Friday, March 17, 2023 - 9:41am | 438The Securities and Exchange Commission charged American Patriot Brands Inc. (APB), a cannabis cultivation and distribution company, its CEO, and five other entities and individuals for their participation in a long-running scheme in which they raised more than $30 million from more than one hundred...
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Colorado Cannabis Distributor Expands To European Wellness Industry Via Two Letters Of Intent
Tuesday, March 14, 2023 - 3:34pm | 478CBD of Denver, Inc. (OTCPK: CBDD), a leading distributor of CBD, cannabis, hemp oil and nanotechnology products in Switzerland and Europe, announced updates on two Letters of Intent signed in the Health and Wellness CBD Cannabis Industry. Expanding Its Health & Wellness Business To Europe...
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Green Thumb Revenue Reaches $1B Despite What CEO Calls 'Mind-Numbing Lack Of Progress' In Weed Regulations
Wednesday, March 1, 2023 - 9:24am | 702Green Thumb Industries Inc. (OTCQX: GTBIF) (CSE:GTII) revenue in 2022 reached $1 billion, a 14% increase compared to $893.6 million in 2021. Q4 2022 Financial Highlights Revenue was $259.3 million, a 6.4% increase compared to $243.6 million in the Q4 2021. Revenue growth in the fourth quarter was...
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Cantor Fitzgerald Initiates Research Coverage On These 3 Marijuana Stocks
Friday, February 10, 2023 - 3:42pm | 633Cantor Fitzgerald’s Pablo Zuanic initiated research coverage of Verano Holdings Corp. (OTCQX: VRNOF), Ascend Wellness Holdings, Inc. (OTCQX: AAWH), and Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF). The Thesis The analyst initiated research coverage on Ascend Wellness Holdings, Inc. with...
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Cannabis Operators Join Forces Through Business Combinations For More Accretive Transactions
Tuesday, January 31, 2023 - 2:27pm | 547Vertically integrated cannabis operator, Stem Holdings, Inc. (OTCQB: STMH, CSE: STEM) announced that executed a term sheet for a proposed business combination with Headwaters, LLC, a California-based greenhouse cultivator. “Over the past 12 months, Stem has worked tirelessly to find the...
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Acute Cannabinoid Intoxication: This Pharma Company's Clinical Trials To Reduce And Treat Symptoms
Monday, January 9, 2023 - 3:46pm | 617Anebulo Pharmaceuticals, Inc. (NASDAQ: ANEB), a clinical-stage biopharmaceutical company developing novel solutions for people suffering from acute cannabinoid intoxication (ACI) and substance addiction, announced the completion of dosing in its randomized, double-blind placebo-controlled...
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This Public Cannabis-Related Finance Company Is Benefitting From Capital Imbalance, Says Analyst
Sunday, January 8, 2023 - 2:23pm | 589Specialty finance company, Silver Spike Investment Corp. (NASDAQ: SSIC) was formed to invest across the cannabis ecosystem through investments such as direct loans to and equity ownership of privately held marijuana companies. An Analyst’s View With an overweight rating...
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Gb Sciences Identifies Novel Cannabis-Inspired Mixtures That Could Treat Viral Infections
Monday, December 26, 2022 - 7:44pm | 497GB Sciences, Inc. (OTCQB: GBLX), a leading plant-inspired, biopharmaceutical R & D development company recently published a study that demonstrates the potential of selected cannabinoids and terpenes to reduce inflammation. It is now developing anti-inflammatory, cannabinoid-based...
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Get Ready For Holidays! Here's Where You Can Buy Legal Weed These Days: NYC's First Rec Shop & More New Stores
Thursday, December 22, 2022 - 4:26pm | 963Big Apple's First Rec Marijuana Store To Kick Off Sales Housing Works Cannabis Co plans to launch cannabis sales at its Manhattan-based store next week. New York Governor Kathy Hochul announced the news on Wednesday. The New York-based company has scheduled a soft opening of a store at 750...
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Celligence™ - Bringing True Fair Lending by Implementing Blockchain Technology
Thursday, December 15, 2022 - 12:42pm | 862The current real estate industry is rife with inefficiencies and inequality. On December 7th, Celligence™ and Sun West Mortgage President and CEO Pavan Agarwal, spoke at the Benzinga Future of Crypto Conference to explore how blockchain is democratizing real estate and how Celligence™...