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Tilray To Acquire Cannabis Retailer FOUR20
Thursday, August 29, 2019 - 10:00am | 344Tilray, 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-...
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Rapper Too $hort Launches Pre-Rolled Joints: Too $hort Stix
Wednesday, August 28, 2019 - 11:59am | 338One 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...
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TerrAscend To Fully Acquire State Flower Brand
Wednesday, August 28, 2019 - 11:19am | 424TerrAscend 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...
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Vibe Bioscience Reports $3.1M In Q2 Consolidated Revenue
Wednesday, August 28, 2019 - 10:20am | 308Vibe 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...
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Curaleaf's Q2 Revenue Grows 231% Year-Over-Year
Tuesday, August 27, 2019 - 5:05pm | 375Curaleaf 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%...
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Akerna, Isolocity, Partner On GMP-Compliant Cannabis Export Tech Solution
Tuesday, August 27, 2019 - 2:51pm | 437Akerna 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...
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Hound Labs Raises $30M To Advance Manufacturing Of First Dual Marijuana, Alcohol Breathalyzer
Tuesday, August 27, 2019 - 10:18am | 488The 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...
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Green Thumb Industries Enters New York With Fiorello Acquisition
Monday, August 26, 2019 - 3:05pm | 400Green 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...
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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,...