pot

Cannabis company Medicine Man Technologies, Inc. (OTC: MDCL) said Thursday it has signed a binding term sheet to purchase four additional Colorado dispensaries. The newest additions are part of the company’s expansion in the Centennial State. Earlier this week, Medicine Man said it...

Illegal dispensaries have become a major problem in Los Angeles.  The city estimates that it's lost at least $80 million in revenue from ilicit pot shops, according to a CBSLA report. As a result, LAPD Chief Michel Moore and Los Angeles Mayor Eric Garcetti have...

Medicine Man Technologies, Inc. (OTC: MDCL) said Tuesday it has signed a binding term sheet to purchase five Starbuds dispensaries in Colorado.  Per the agreement, the company will acquire five dispensaries for $31 million, consisting of $15 million in cash, the issuance of 2.6 million common...

Nevada cannabis company and dispensary operator Planet 13 Holdings Inc. (CSE: PLTH) (OTC: PLNHF) reported second-quarter revenues of $16.5 million on Thursday, up by 275% year-over-year. The company achieved positive EBITDA of $2.7 million versus adjusted EBITDA of $504,851 in the second...

Cannabis stocks have been under pressure in recent months, as sales growth in the Canadian market hasn’t followed the explosive trajectory many investors had hoped. Bank of America Merrill Lynch analyst Christopher Carey said in a Thursday note that the latest Canadian cannabis volume...

Medical cannabis company Cansortium Inc. (CSE:TIUM.U) (OTC: CNTMF) reported second-quarter consolidated revenue of $6.1 million on Thursday, up by 19% from the second quarter of 2018, when its pro-forma revenue reached $5.1 million. What Happened Cansortium achieved positive consolidated...

Biome Grow Inc. (CSE: BIO) (OTC: BIOIF) released consolidated financial statements for the second quarter and first half of fiscal 2019 on Thursday.  The company's revenue quadrupled from CA$341,000 ($256,000) in the first quarter to CA$1.35 million ($1 million) in the second....

Tilray, Inc. (NASDAQ: TLRY) said Thursday it signed a definitive agreement to acquire all of the issued and outstanding securities of 420 Investments Ltd., or FOUR20, via its subsidiary High Park Holdings Ltd. FOUR20 is a Calgary, Alberta-based cannabis retail operator serving the adult-...

One of the pioneers of West Coast hip-hop, Too $hort, is joining the cannabis industry. A rapper, record producer and actor, famous for hit songs like “Blow the Whistle” and “The Ghetto,” has signed a deal with Green Holdings Group and White Angel Farms to...

TerrAscend Corp. (CSE: TER) (OTC: TRSSF) announced Wednesday the signing of definitive agreements for a series of transactions to purchase ABI SF, LLC, which runs a Bay Area cannabis cultivation facility and owns the State Flower brand. At first, TerrAscend agreed to acquire 49.9% of the...

Vibe Bioscience Ltd. (CSE: VIBE), a vertically integrated cannabis company, reported Wednesday with second-quarter consolidated revenue of $3.1 million, up 135.7% from $1.31 million in the previous quarter. Its consolidated results from the quarter include U.S. operations and...

Curaleaf Holdings Inc (OTC: CURLF), one of the largest verticallyintegrated cannabis operators in the U.S. said Tuesday that its revenue grew substantially in the second quarter — and so did its net loss.  What Happened The company posted total revenue of $48.49 million, up by 231%...

Akerna Corp. (NASDAQ: KERN), a compliance technology company catering to the needs of the cannabis industry, announced Tuesday that it has entered into strategic partnership with Isolocity. "The partnership provides the first GMP-compliant, global cannabis export technology...

The first dual alcohol and marijuana breathalyzer manufacturer, Hound Labs Inc., announced Tuesday the closing of a $30-million Series D financing round led by Intrinsic Capital Partners. NFP Ventures, Main Street Advisors, Icon Ventures and Benchmark were among other investors who...

Green Thumb Industries Inc (OTC: GTBIF) (CSE: GTII) has entered New York via the acquisition of Fiorello Pharmaceuticals. This purchase gives the company access to one of only 10 vertically integrated licenses in the state. The deal includes a license for a cultivation and processing facility, as...