Case Studies
High Tide Tightens Ownership Guardrails with New Two-Part Rights Plan
CALGARY – High Tide Inc. announced that its board of ...
Splash Beverage Group Takes Global License on CannEpil, Targeting Drug-Resistant Epilepsy
FORT LAUDERDALE – Splash Beverage Group Inc. announced it has ...
Curaleaf Takes Full Control of Germany’s Four 20 Pharma
STAMFORD – Curaleaf Holdings Inc. closed the final chapter of a four-year German acquisition story, completing the buyout of the remaining 45% stake it did not previously own in Four 20 Pharma GmbH, a move ...
Verano Reports Q1 2026 Financial Results
CHICAGO – Verano Holdings Corp. released its financial results for the three months ended March 31, 2026, showing revenue largely in line with recent quarters as the multi-state Cannabis operator managed wholesale pressures while leaning ...
SNDL Reports Q1 2026 Financial and Operational Results
EDMONTON – SNDL Inc. disclosed a 4.4% drop in net revenue for the three months ended March 31, 2026, as softness in both its Cannabis and liquor businesses weighed on results. The company, which operates ...
Massachusetts Rec Cannabis Sales Exceed $9B Cumulative Total
BOSTON – Adult-use Сannabis retailers in Massachusetts have generated over $9 billion in gross sales since the first stores opened in November 2018, as reported by the state Cannabis Control Commission. Sales data on the ...
Canopy Growth Completes Acquisition of MTL Cannabis
SMITHS FALLS – Canopy Growth Corp. has finalized the purchase of MTL Cannabis Corp. solidifying its position as the largest medical Cannabis company in Canada by revenue bolstered by added cultivation assets and patient channels. ...
Virginia Moves Toward Adult-Use Cannabis Sales While U.S. Policy Remains Uneven
RICHMOND- Virginia may finally close one of the most unusual gaps in U.S. Cannabis policy. Lawmakers in the Virginia General Assembly have approved legislation to establish a regulated adult-use Cannabis retail market and sent the ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The Cannabis and Psychedelics sectors delivered clear signals of financial stability, policy refinement, consumer-driven changes, and therapeutic expansion. State-level sales held firm in key markets, major MSOs shared Q4 and FY 2025 ...
Curaleaf Takes Full Control of Germany’s Four 20 Pharma
STAMFORD – Curaleaf Holdings Inc. closed the final chapter of a four-year German acquisition story, completing the buyout of the remaining 45% stake it did not previously own in Four 20 Pharma GmbH, a move ...
Verano Reports Q1 2026 Financial Results
CHICAGO – Verano Holdings Corp. released its financial results for the three months ended March 31, 2026, showing revenue largely in line with recent quarters as the multi-state Cannabis operator managed wholesale pressures while leaning ...
SNDL Reports Q1 2026 Financial and Operational Results
EDMONTON – SNDL Inc. disclosed a 4.4% drop in net revenue for the three months ended March 31, 2026, as softness in both its Cannabis and liquor businesses weighed on results. The company, which operates ...
Virginia Cannabis Control Authority Highlights Risks and Proposes Regulations for Consumable Hemp Products
LOS ANGELES- The Virginia Cannabis Control Authority (CCA) recently published a comprehensive report mandated by the General Assembly on the state of consumable hemp products. The report highlights the surging popularity of these products, attributing ...
Alaska Lawsuit Challenges New DNR Regulation on Intoxicating Hemp Products as Unconstitutional
LOS ANGELES- A significant legal challenge has emerged in Alaska against a new regulation by the Department of Natural Resources (DNR) that restricts intoxicating hemp products. This lawsuit, filed by hemp growers and manufacturers, claims ...
National Psychedelics Reform Movement Gains Momentum Across the U.S.
LOS ANGELES- The movement for psychedelics reform in the United States is gaining significant traction, with numerous states considering decriminalization, legalization, or rescheduling proposals, as well as other measures to facilitate access to new therapies. ...
Optimi Health Corp. Successfully Resolves Supply Agreement Dispute
LOS ANGELES- Optimi Health Corp. a key player in the psychedelics sector, recently announced the amicable resolution of a dispute regarding the termination of a supply agreement with a private entity, initially signed on May ...
Curaleaf Announces Third Quarter 2023
LOS ANGELES- Curaleaf Holdings, Inc., a international cannabis consumer products company, has released its financial and operational results for the third quarter ending September 30, 2023. The company reported a modest revenue increase of 2% ...
Navigating the Cannabis Landscape: A Comprehensive Guide to Due Diligence for Investors
NEW YORK- The cannabis industry's unprecedented growth trajectory has positioned it as a lucrative investment landscape. However, the nascent nature of the sector, coupled with regulatory intricacies and market uncertainties, underscores the critical importance of ...
Ascend Wellness Holdings Reports Solid Financial Performance in Q3 2023″
LOS ANGELES-- Ascend Wellness Holdings (AWH), a leading cannabis multi-state operator with a presence in twenty states, has announced its financial results for the third quarter ending June 2023. The company has successfully met market ...
Vermont Halts New Large-Scale Cannabis Grower Licenses to Support Smaller Farms Amid Tough Agricultural Year
LOS ANGELES- In a strategic move to bolster smaller local cultivators, Vermont has announced a temporary suspension of issuing new licenses for large-scale cannabis growers. This decision was disclosed on Tuesday by state officials, marking ...
California DCC Declares National Agricultural Workers Union Not a Legitimate Labor Organization
LOS ANGELES- The California Department of Cannabis Control (DCC) has made a definitive clarification this week, stating that the National Agricultural Workers Union (NAWU) does not qualify as a bona fide labor organization. This announcement ...
TerrAscend Announces Record Results in Q3 2023
LOS ANGELES- TerrAscend Corp. a player in the cannabis industry, has reported its financial outcomes for the third quarter ending September 30, 2023, showcasing substantial growth and profitability. Executive Chairman Jason Wild expressed satisfaction with ...
Planet 13 Endures Market Shifts with Strategic Expansion Amidst Revenue Decline
LOS ANGELES— Planet 13 Holdings Inc., a vertically-integrated, multi-state cannabis operator, announced its financial results for the third quarter ending September 30, 2023. According to the U.S. Generally Accepted Accounting Principles (GAAP), Planet 13's revenues ...
Green Thumb Increased Revenue and Expanding Operations in Q3
NEW YORK — Green Thumb Industries Inc. a force in the cannabis consumer packaged goods industry and the owner of RISE Dispensaries, today unveiled its financial achievements for the third quarter of 2023, concluding on September ...
Trulieve’s Q3 Results: Posts Gains, Cuts Debt
Trulieve Cannabis Corp., a player in the U.S. cannabis sector, reported its quarterly financial performance for the period ending September 30, 2023. The company has presented a picture of operational resilience, with $93 million in ...
PharmAla Biotech Breaks New Ground with Psychedelic Substance Shipment to Australia
LOS ANGELES- The recent dispatch of MDMA and psilocybin from Canadian-based PharmAla Biotech to its Australian joint venture, Cortexa, marks a pivotal progression in the emerging domain of psychedelic-assisted therapies. This venture not only underscores ...
Ohio Joins the Green Wave with Legalization of Adult-Use Cannabis
In a historic move mirroring a national shift, Ohio voters have chosen to greenlight the legalization of adult-use cannabis, making it the latest state to adopt a more progressive stance on the once controversial substance. ...
Biden’s Policy Shift Sets a New Course for Cannabis Industry
Washington D.C. - President Joe Biden, a figure once notorious for his stringent anti-drug stance, has evolved into an unlikely catalyst for the most substantial overhaul of federal cannabis policy since the Controlled Substances Act ...
Verano Holdings Reports Modest Revenue Growth and Strong Cash Flow in Q3 2023
Verano Holdings Corp. a multi-state cannabis company, disclosed its financial achievements for the third quarter of 2023 on November 8, as per U.S. Generally Accepted Accounting Principles (U.S. GAAP). The company revealed a modest sequential ...
Ascend Wellness Holdings Sees Significant Growth in Q3 2023 Financials
LOS ANGELES- Ascend Wellness Holdings, Inc. an integrated cannabis operator, announced a streak of positive financial outcomes for the third quarter ending September 30, 2023, presenting what is now their sixth consecutive record-breaking revenue quarter. ...
Ohio Becomes 24th State to Legalize Adult-Use Cannabis
COLUMBUS, Ohio— In a defining moment for Ohio, residents went to the polls on Tuesday to cast their votes on Issue 2, a statewide ballot measure that has ushered in a new era of recreational ...
Cybin’s Clinical Trial Indicates Promising Results for Psychedelic Mental Health Treatment
A Canadian biopharmaceutical firm, Cybin, has shared promising results from a clinical trial suggesting the potential of psychedelic compounds in treating mental health issues. The company's focus on developing advanced psychedelic therapeutics has yielded a ...
U.S. States Navigate Psychedelics Reforms Amidst Legalization Efforts
As the United States continues to explore the boundaries of drug policy reform, numerous state legislatures and advocacy groups are engaging in a concerted effort to redefine the legal status of psychedelics. From decriminalization and ...
Colorado Cannabis Business Park Entangled in Legal Battle Over Unpaid Electricity Bills
NEW YORK — A legal tussle over a six-figure electricity bill has emerged between the owners of Area 420, a Colorado cannabis business park, and one of its tenants, as reported by NBC. The dispute, ...
Florida Medical Cannabis Company Challenges State Over Licensing Fee Spike
NEW YORK — Sanctuary Cannabis, a player in Florida's medical cannabis industry, has initiated legal proceedings against the state, challenging a dramatic rise in biennial licensing fees. Under Governor Ron DeSantis' administration, the fees escalated ...
Ohio’s Cannabis Industry Eyes Adult-Use Legalization with Hope and Vigilance
LOS ANGELES- Ohio’s medical cannabis industry is looking toward the upcoming ballot with a mix of hope and caution as Issue 2, which would legalize adult-use cannabis, approaches a statewide vote. Operators in the sector ...
Ohio Decides On Adult-Use Legalization of Cannabis
CLEVELAND, Ohio – In Ohio, a momentous decision looms large on the horizon, transcending the scope of mere recreational cannabis decriminalization. The state's citizens are poised to exercise their voting rights on November 7, deliberating ...
