New Cannabis Ventures

Cannabis experienced a bit of a setback in 2021, with sales dipping in many major U.S. markets compared to the staggering results of the year prior, setting the stage for a new year of potential opportunity and uncertainty.  "This year will be a telling sign on the industry, as many are...

Canadian Cannabis LP Index is on a losing spree for the fourth month, after a 9.5% drop in October to 238.48, New Cannabis Ventures reports. After a 1% gain in June, the index retreated nearly 27% in the third quarter. The index, which dropped 30.1% in the last year to end at 275.16, grew by 2.0%...

Michigan's September cannabis sales improved 52.5% from the same period last year, hitting $161.4 million, which was 2.5% lower than in August, reported New Cannabis Ventures. Out of a total of $161.4 million, according to the Michigan Marijuana Regulatory Agency, medical cannabis sales...

The American Cannabis Operator Index declined for the fifth straight month falling 10.7% to 62.66. The index, which launched in October 2018, previously had five straight months of gains, reported New Cannabis Ventures. In 2021, the index lost 0.6%, while over the last year it climbed 81.5%. At the...

New data from Statistics Canada revealed that Canadian cannabis sales in March improved 65% year-over-year reaching CA$298.1 million ($246.7 million), reports New Cannabis Ventures. According to the outlet, this was the “slowest year-over-year growth” since recreational sales in the...

Cannabis cultivator iAnthus (Pink: ITHUF) struggled to raise cash when behind-the-scenes drama prevented the New York-based company from inking a deal with potential buyers. Per New Cannabis Ventures, a "leading" multistate operator, or MSO, had been interested in buying...

Cannabis sales in Michigan spiked during December, bringing the total to $984.6 million for 2020. Medical cannabis sales accounted for $474 million for the year, while adult-use sales reached $510.7 million, according to New Cannabis Ventures citing data from the Michigan Marijuana...

Cannabis company Zenabis Global Inc. (TSX: ZENA) is poised to merge with an undisclosed licensed cannabis producer. The news came on the heels of Sundial Growers Inc.'s (NASDAQ: SNDL) attempts to buy the Vancouver-based company. Last week, it agreed to acquire a special purposed...

AFC Gamma, a real estate finance enterprise, plans to go public on the Nasdaq as a REIT and trade under the ticker symbol “AFCG,” according to New Cannabis Ventures. Seaport Global Securities, JMP Securities and Ladenburg Thalmann were appointed as underwriters. According...

Alan Brochstein, author of 420 Investor and founding partner of New Cannabis Ventures, says the recent political momentum behind the cannabis legalization push in the US — and the resulting rebound in cannabis stocks since the U.S. election — has him feeling extremely optimistic...

Canada cannabis sales increased 94% over the year and 6% sequentially to CA$244.9 million in August. According to Statistics Canada, the growth can be attributed to the expansion of the retail footprint across provinces, including British Columbia and especially Ontario. Ontario sales...

Village Farms International Inc. (NASDAQ: VFF) (TSX: VFF) agreed to purchase Emerald Health Therapeutics Inc.'s (TSXV: EMH) (OTCQX: EMHTF) stake in the joint venture for CA$79.9 million. The company confirmed Tuesday it would obtain some 36.9 million of Pure Sunfarms...

Several cannabis companies such as Canopy Growth Corp. (NYSE: CGC), Tilray Inc. (NASDAQ: TLRY) and Aurora Cannabis Inc. (NYSE: ACB) kicked off the week with an uptick in their respective stock prices. Alan Brochstein, founder of 420 Investor and New Cannabis Ventures, says there are "two...

First-quarter revenue for cannabis company Fire & Flower Holdings Corp. (TSX: FAF) (OTCQX: FFLWF) spiked 142% year-over-year, generating CA$23.1 million (US$17 million) at a gross profit of 38.5%. According to the company's latest earnings report, Fire & Flower...

Cannabis supplier KushCo Holdings Inc. (OTCQX: KSHB) announced Friday that Jason Vegotsky will be stepping down from his current position in the company as of July 1. "It is with a heavy heart that I step down from my role as KushCo's President and Chief...