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'Q3 Was A Milestone Quarter': James E. Wagner Cultivation Reports Record Revenue
Monday, August 26, 2019 - 1:56pm | 375Cannabis company James E. Wagner Cultivation Corporation (TSX: JWCA) (OTC: JWCAF) released interim third-quarter results Monday, reporting record revenue of CA$749,000 ($564,820), up 32% from CA$566,000 in the prior quarter. The company's net loss and comprehensive...
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Namaste Technologies Makes Interim CEO Morim Permanent
Monday, August 26, 2019 - 10:30am | 385The cannabis e-commerce company, Namaste Technologies Inc. (OTC: NXTTF) announced Monday that it has named Meni Morim as its permanent CEO and appointed him to the company’s board of directors. Morim has been the company’s interim CEO since February and the company’s...
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'A Larger, More Efficient Scale': About BDS Anaytics' $7-Million Raise
Sunday, August 25, 2019 - 3:27pm | 274Cannabis market intelligence and consumer research company BDS Analytics announced the closing of an initial $7-million fundraising round on Tuesday. The capital will be used to scale the company alongside the growing global cannabis industry, expanding the company's capability ccommodate...
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Report: Illegal California Cannabis Farms Endangering Forests With Banned Pesticide
Friday, August 23, 2019 - 10:42am | 470Forests, wildlife and people in California’s Sierra Nevada mountains could be endangered by one of the most dangerous pesticides around: carbofuran. In the last month, law enforcement has discovered about 25,000 marijuana plants cultivated illegally within California’s...
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Cannabis Brand Cookies Reaches Michigan Via Partnership With Gage Cannabis Co.
Friday, August 23, 2019 - 9:43am | 367Cannabis brand Cookies announced Thursday it has partnered with Michigan's Gage Cannabis Co. Gage Cannabis Co. runs more than 150,000 square feet of cultivation space, 13 provision centers and a state-of-the-art processing facility. The partnership will help boost the Cookies’...
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Muisca Capital Group's Carol Ortega On Why Cannabis Could Outgrow Colombia's Coffee, Flower And Banana Industries
Thursday, August 22, 2019 - 3:21pm | 1018Article by Nina Zdinjak. Interview by Javier Hasse. In Latin America, the legal cannabis industry is still in the development phase, but its potential is massive. With more than 600 million inhabitants, the region's legal cannabis market is expected to reach $13 billion by 2028. Benzinga...
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Green Growth Brands Completes $37.7M Bought Deal Financing
Thursday, August 22, 2019 - 1:42pm | 332Green Growth Brands Inc. (OTC: GGBXF) reported Thursday the closing of a bought deal short-form prospectus offering of units of the company for aggregate gross proceeds of CA$50.23 million ($37.7 million). The company reported selling 20.5 million units at a price of CA$2.45 each,...
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More Than 2,000 Missourians Hoping To Obtain Medical Marijuana Licenses
Thursday, August 22, 2019 - 10:19am | 363Missouri residents seem to be eager to utilize the opportunities medical marijuana legalization brings. In November, they voted in favor of a ballot initiative to legalize medical marijuana. Monday marked the extended application deadline for medical cannabis facility licenses in the state....
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Black Dog LED, A Major Cannabis Lighting Provider, Has Plans For 'All Corners Of The Grow Operation'
Wednesday, August 21, 2019 - 3:19pm | 607By Javier Hasse, Nina Zdinjak and Alex Oleinic. For investors wary of the legality of the marijuana plant itself and the industry's challenges, ancillary service providers are providing lower-risk exposure to the sector. Ancillary service companies are providing essential products and...
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High-Level CannTrust Employees Leave In Aftermath Of Health Canada Violations
Wednesday, August 21, 2019 - 12:13pm | 379CannTrust Holdings Inc. (NYSE: CTST) is losing employees in the aftermath of the company's Canadian regulatory issues, according to the Financial Post. At least three senior employees have left the company, although it was not confirmed whether they voluntarily left or were fired, the...
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Miley Cyrus, Mark Ronson Among Lowell Herb's Backers
Tuesday, August 20, 2019 - 11:43am | 268California-based Lowell Herb Co. announced Tuesday that its recent funding round was supported by celebrities and A-list investors Miley Cyrus, Chris Rock, Sarah Silverman and Mark Ronson. The celebrity support has helped the cannabis brand become popular nationwide, according to the company....
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Oregon Cannabis Engineering Firm Root Expands To Michigan
Monday, August 19, 2019 - 2:10pm | 307An Oregon engineering company that works with cannabis growers and processing facilities said Monday it has won approval for a license to operate in Michigan. Root Engineers, the cannabis-focused division of Bend, Oregon-based ColeBreit Engineering, said the company and managing principal Laura...
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National Institute For Drug Abuse Issues Grant Call For Cannabis Research
Monday, August 19, 2019 - 11:51am | 544The National Institute for Drug Abuse has issued a notice of special interest encouraging grant applications on the "effects of changing cannabis laws and policies in the U.S. and globally on public health." The federal institute is a science-centered research organization...
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Trulieve: Availability Of Flower Boosted Florida's Medical Marijuana Market In Q2
Wednesday, August 14, 2019 - 5:35pm | 319Tallahassee, Florida-based Trulieve Cannabis Corp. (OTC: TCNNF) benefited from 19% medical marijuana patient growth in The Sunshine State in the second quarter, fueled largely by the introduction of smokable flower in the state's medical market, the company said Wednesday. ...
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Canopy Growth Investors Pull Back As Losses Widen In Q1; CBD Products Coming To US Market
Wednesday, August 14, 2019 - 5:13pm | 443Canopy Growth Corp (NYSE: CGC)'s adjusted EBITDA loss skyrocketed from CA$22.5 million ($16.8 million) to CA$92 million ($69.1 million) year-over-year, the Canadian cannabis company said in its first-quarter report Wednesday. Canopy's first-quarter net loss rose from CA$90.9 million a year...