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Cannabis Sales Hit $427 Million During The Holidays -- Here's The Breakdown

The last two weeks of the year ended up being some of the most profitable weeks for retail cannabis in 2020. A consumer poll conducted by vertically integrated cannabis and hemp company Glass House Group, prior to the holidays found that a signif...

January 24, 2021

Cannabis MSO MedMen raises $10 million to aid financial-turnaround effort

Multistate cannabis operator MedMen Enterprises said Tuesday it raised $10 million in capital by amending a senior secured debt facility led by Gotham Green Partners. That facility and other debt amendments announced at the same time will dilute ...

January 24, 2021

Truss CBD USA, a HEXO Corp and Molson Coors joint venture, launches Veryvell sparkling CBD water in Colorado

OTTAWA, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Truss CBD USA, a joint venture between HEXO Corp ("HEXO", or the "Company") (TSX:HEXO, NYSE:HEXO) and Molson Coors Beverage Company ("Molson Coors") (NYSE:TAP), today announced the U.S. launch of Veryvell,...

January 24, 2021

Berner's Cookies Launches Products Combining Cannabinoids, Terpenes And Mushrooms

Rapper and uber successful cannabis entrepreneur Berner is at it again, this time with the launch of an innovative new product line that combines mushrooms - medicinal but not psychedelic, terpenes, CBD, CBG, and CBN, for a non-psychoactive, uplif...

January 24, 2021

Hemp extraction company Zelios Colorado is now Gemini Extraction & Refinement Solutions

ERIE, Colo., Jan. 12, 2021 /PRNewswire/ -- Zelios Colorado, long a leader in the hemp and CBD extraction industry, today announced its new name to reflect the company's expanded and broader capabilities of both CO2 and Ethanol Extraction methods, ...

January 24, 2021

Cannabis CEOs, led by Aphria's Irwin Simon, are among Canada's top-paid execs despite losses

A number of executives in the cannabis industry are among the highest-compensated CEOs in Canada, according to a new analysis of 2019 pay by the Ottawa think tank Centre for Policy Alternatives. Executive compensation in the marijuana industry ha...

January 24, 2021

Organigram revenue stalls on inconsistent inventory, unfulfilled demand

New Brunswick-based cannabis producer Organigram continues to struggle, reporting lower sales and a bigger loss for its first quarter ended Nov. 30, 2020. Net revenue for the three-month period fell to 19.3 million Canadian dollars ($15 million),...

January 24, 2021

TerrAscend Corp. completes second phase of construction at Boonton facility

BOONTON, N.J. -- North American cannabis operator TerrAscend Corp. recently completed the second phase of construction at its cultivation and manufacturing facility in Boonton, N.J., adding about 80,000 square feet of indoor cultivation to the exi...

January 24, 2021

Village Farms International : Completes US$135 Million Registered Direct Offering | MarketScreener

VANCOUVER, BC, Jan. 20, 2021 /PRNewswire/ - Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ: VFF) (TSX: VFF), announced today that it has closed its previously announced registered direct offering with certain institut...

January 23, 2021

Aphria stock price target raised by Stifel but analysts caution on stretched valuation

Shares of Canadian cannabis company Aphria Inc. rose 4.4% in premarket trade Tuesday, after Stifel raised its stock price target to C$15.50 ($12.18) from C$9.80, and said recent results underscore the company's long-term prospects. But analysts le...

January 23, 2021

Willow Biosciences Advances Its Work On THC; Plans To Launch In The Canadian Market

VANCOUVER, BC, Jan. 19, 2021 /PRNewswire/ -- Willow Biosciences Inc. ("Willow" or the "Company") (TSX: WLLW) (OTCQX: CANSF) is pleased to announce that it has advanced its work on its proprietary yeast strain for production of Tetrahydrocannabinol...

January 23, 2021

Cannabis Delivery Services Are Becoming One of the Hottest Revenue Streams in Cannabis Market

PALM BEACH, Fla., Jan. 22, 2021 /PRNewswire/ -- Revenue projections for the recreational and medical marijuana markets keep rising, each one larger than the previous studies. According to a recent report by ArcView Market Research and BDS Analytic...

January 23, 2021

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