Case Studies
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Operators entered 2026 riding a wave of ...
Bipartisan Measure Targets Barriers to Psychedelic Therapies for Terminal Patients
WASHINGTON – A group of House and Senate lawmakers from ...
Curaleaf Opens 70th Dispensary in Florida
STAMFORD – Curaleaf Holdings Inc. added its 70th medical Cannabis ...
Alcohol Trade Group Welcomes Hemp-Derived THC Beverage Maker as First in Category
WASHINGTON – The Wine & Spirits Wholesalers of America (WSWA), a key advocacy organization for the beverage alcohol distribution sector, has accepted CannaBuzz, a Kentucky-based producer of hemp-derived THC drinks, as its inaugural associate member ...
Verano Secures $75M Credit Agreement
CHICAGO – Verano Holdings Corp. has finalized a $75 million revolving credit facility, drawing $50 million immediately to pay down higher-cost debt and leaving $25 million on tap for future needs. The deal, arranged by ...
EU Releases Cannapol Toolkit to Aid Member States in Crafting Adult-Use Cannabis Rules
BRUSSELS – The European Union Drugs Agency (EUDA) unveiled the Cannapol toolkit, a set of resources intended to help national governments build regulated markets for recreational Cannabis. Developed over months of consultation with experts and ...
A LIFE IN A DAY: David Peck, CEO of Headquarters
LOS ANGELES- In this edition of A LIFE IN A DAY, Highly Capitalized Network catches up with David Peck, the founder and CEO of Headquarters (HQ)—an operations partner for Cannabis businesses across the country. Headquarters ...
Glass House Brands Reports Q2 2025 Financial Results
LONG BEACH and TORONTO – Glass House Brands Inc., a leading vertically integrated Cannabis operator in the US, unveiled its second-quarter 2025 financial statements, showing impressive growth in key areas despite ongoing market pressures and ...
Psychedelics Market Set to Reach $22.6 Billion by 2033, Report Finds
NEW YORK – A recent report by Research and Markets reveals the current global psychedelic drugs market is valued at $7.4 billion and is projected to hit $22.6 billion by 2033, exhibiting a substantial compound ...
High Tide Enters German Medical Cannabis Market with Remexian Majority Stake Acquisition
CALGARY – High Tide Inc., a leading Canadian Cannabis retailer, announced its strategic entry into Germany’s medical Cannabis market through a 51% acquisition of Remexian Pharma GmbH, a Frankfurt-based pharmaceutical wholesaler. The deal, valued at ...
Alcohol Trade Group Welcomes Hemp-Derived THC Beverage Maker as First in Category
WASHINGTON – The Wine & Spirits Wholesalers of America (WSWA), a key advocacy organization for the beverage alcohol distribution sector, has accepted CannaBuzz, a Kentucky-based producer of hemp-derived THC drinks, as its inaugural associate member ...
Verano Secures $75M Credit Agreement
CHICAGO – Verano Holdings Corp. has finalized a $75 million revolving credit facility, drawing $50 million immediately to pay down higher-cost debt and leaving $25 million on tap for future needs. The deal, arranged by ...
EU Releases Cannapol Toolkit to Aid Member States in Crafting Adult-Use Cannabis Rules
BRUSSELS – The European Union Drugs Agency (EUDA) unveiled the Cannapol toolkit, a set of resources intended to help national governments build regulated markets for recreational Cannabis. Developed over months of consultation with experts and ...
WM Technology Announces Q2 2023 Financial Results and Projects Q3 Performance
NEW YORK — WM Technology, Inc., a technology and software infrastructure provider for the cannabis industry, released its Q2 2023 financial results, showing certain key shifts in their business performance. Doug Francis, Executive Chair of ...
Missouri Auditor Launches Probe into State’s Cannabis Programs
NEW YORK-- Scott Fitzpatrick, the Missouri State Auditor, has initiated a comprehensive investigation into the state’s adult-use and medical cannabis programs. This move aims to ensure the adherence of these programs to legal standards, KCTV ...
Curaleaf Holdings Inc. Reports Q2 2023
NEW YORK — Curaleaf Holdings Inc., a global provider of consumer cannabis products, has released its Q2 2023 financial results. The company has reported a 4% year-over-year revenue growth, totaling $339 million, amidst a dynamic ...
Neptune Wellness Solutions Posts Q1 2024 Financial Results
NEW YORK - Neptune Wellness Solutions Inc. a consumer-packaged goods company emphasizing plant-based and sustainable lifestyle brands, reported its financial and operational results for the quarter ending June 30, 2023. Key takeaways from the report ...
AFC Gamma Reports Q2 Earnings and Dividend Declaration for 2023
LOS ANGELES– Financial services provider, AFC Gamma, Inc. revealed its financial performance for the quarter ending June 30, 2023, in an announcement made today. The company reported a GAAP (generally accepted accounting principles) net income ...
California Moves Forward with Psychedelics Legalization Bill
LOS ANGELES – A legislative proposal to legalize the possession and supervised use of specific psychedelics in California has advanced another step toward a final committee vote in the Assembly, positioning it closer to potentially ...
Germany’s Cabinet Advances Bill to Legalize Recreational Cannabis Amidst Controversy
BERLIN — Germany's cabinet gave the green light to a divisive bill on Wednesday that aims to legalize recreational cannabis use and cultivation, positioning Germany to have one of the most liberal cannabis statutes in ...
Organigram Holdings Partners with 4C LABS to Supply Medical Cannabis to the UK
LOS ANGELES— Organigram Holdings Inc., a recognized licensed producer of cannabis, announced today its strategic expansion into the UK market. The company has inked a supply agreement with 4C LABS, an emerging healthcare, tech, and ...
Cresco Labs Reports Q2 Results Amid Expansion Efforts
LOS ANGELES— Cresco Labs, a Chicago-based cannabis company, disclosed a 9% decline in revenues for the second quarter ended June 30, compared to the same timeframe last year. However, the company registered a modest quarter-on-quarter ...
Ohio Projects Significant Tax Revenues from Potential Cannabis Legalization
LOS ANGELES— Ohio might experience a significant influx in tax revenue from adult-use cannabis sales, estimated between $276.2 million to $403.6 million annually by the fifth year, should voters approve a prospective legalization measure this ...
atai Life Sciences Releases Promising Results from PCN-101 Phase 1 Study, Offering Potential for Home-Based Use
LOS ANGELES-- atai Life Sciences (NASDAQ: ATAI), a pioneering biotech company, has reported encouraging results from its Phase 1 investigation into the subcutaneous administration of PCN-101 (R-ketamine), facilitated through its subsidiary, Perception Neuroscience. The trial's ...
GrowGeneration Corp Reports Mixed Financial Performance Amid Challenging Cannabis Landscape
LOS ANGELES — GrowGeneration Corp., a specialty hydroponic and organic garden center chain with 62 branches across 18 states, announced its financial performance for the second quarter ending June 30, 2023. Key Takeaways: Net Sales: ...
Green Thumb Industries Reports Q2 2023 Financial Performance; Revenue Grows Sequentially
LOS ANGELES— Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), one of the prominent national cannabis consumer packaged goods companies and the proprietor of RISE Dispensaries, revealed its Q2 financial results for the period ending ...
MyMD Pharmaceuticals Receives FDA Approval to Proceed with Investigational Rheumatoid Arthritis Drug
BALTIMORE – MyMD Pharmaceuticals, Inc. announced on Monday that the U.S. Food and Drug Administration (FDA) has accepted the company's Investigational New Drug (IND) Application to study the safety and effectiveness of the oral TNF-α ...
South Dakota Takes Steps Towards Legalization of Cannabis: New Initiative Awaits Public Comment
LOS ANGELES-- South Dakota's path to legalizing cannabis took a notable step forward, as the state's Attorney General Marty Jackley (R) has officially released a draft summary of an initiative to legalize the substance. The ...
MindMed Partners with K2 HealthVentures in $50 Million Credit Facility for Brain Health Research
NEW YORK — Mind Medicine (MindMed) Inc., a clinical-stage biopharmaceutical company focused on developing innovative solutions for brain health disorders, announced today the signing of a senior secured credit facility with K2 HealthVentures, a leading ...
Columbia Care Reports Q2 Earnings: Revenue Remains Steady as Cost-Cutting Efforts Show Results
NEW YORK — Columbia Care Inc., a player in the cannabis industry, released its financial results for the second quarter ending June 30, 2023, showcasing resilience amid complex market conditions. The numbers reveal slight shifts ...
Glass House Brands Reports Record Second Quarter 2023 Financial Results
LOS ANGELES-- Glass House Brands Inc., a vertically integrated cannabis companies in the U.S., reported its financial results for Q2 2023, ending June 30. The figures reveal a record-breaking quarter for the company, with revenue ...
Michigan Poised to Become a $3 Billion Cannabis Market; July Sales Record Set
LOS ANGELES —Michigan's cannabis market is booming, on pace to reach a significant milestone this year, potentially becoming the nation's second $3-billion market. Licensed dispensaries reported record sales of $276.7 million in July 2023, with ...
Alabama Medical Cannabis Commission Revamps Licensing, Leaving Verano Holdings Out
LOS ANGELES-- The Alabama Medical Cannabis Commission has overhauled its initial round of business licensing, with some of the original winners, including Verano Holdings Inc., ending up on the losing side. The reshuffling has led ...
Mind Medicine Partners with Catalent for Innovative Psychedelic-Based Anxiety Treatment
NEW YORK — Mind Medicine Inc., known as MindMed, has secured a licensing agreement with Catalent to utilize its proprietary Zydis orally disintegrating tablet (ODT) technology for the development of a groundbreaking psychedelic-based anxiety treatment, ...
New Hampshire to Explore State-Run Cannabis Sales Through Newly Signed Bill
LOS ANGELES- Governor Chris Sununu (R) of New Hampshire, a known opponent of adult-use cannabis legalization, signed a bill on Tuesday to create a commission to study the possibility of selling cannabis through state-owned shops. ...
Cronos Group Reports Q2 2023 Financial Results, Announces Strategic Shift Amid Market Challenges
NEW YORK — Cronos Group Inc. released its financial results for the second quarter of 2023, revealing a net revenue of $19.0 million, an 11.9% decrease from the same period in 2022. The decline has ...
Cannabis Tech Platform Weedmaps Posts $2 Million Profit
LOS ANGELES–Amid a challenging period, WM Technology, known as the cannabis advertising powerhouse Weedmaps, has revealed an encouraging financial turnaround through its latest quarterly profit report. For the quarter ending on June 30, WM Technology ...
Cannabis Industry’s Branding Challenge: Beyond Packaging and Social Media
LOS ANGELES–Amid the flourishing cannabis industry, branding efforts often focus on packaging and social media, missing out on essential elements. Experts suggest that cannabis marketing needs to evolve beyond these basics to truly succeed. Cannabis ...
