Brands
LEEF Brands Reports Financial Results
LOS ANGELES- LEEF Brands Inc. a vertically integrated cannabis company based in California, has released its financial results for the first quarter of 2025 and the full year of 2024. The company reported a 19% year-over-year increase in revenue for Q1 2025, reaching $9.4 million, and a net income of $2.0 million, marking a turnaround ...
Glass House Brands Schedules Q1 2025 Earnings Call for May 13
LOS ANGELES- Glass House Brands Inc. a vertically integrated cannabis company focused on the California market, announced it will release its financial results for the first quarter of 2025 on Tuesday, May 13, after market close. The company will host a conference call at 5:00 p.m. Eastern Time to discuss the quarterly results. Investors and ...
Village Farms International Granted 180-Day Extension to Meet NASDAQ
LOS ANGELES- Village Farms International Inc.has received a 180-day extension from The Nasdaq Stock Market LLC to regain compliance with the exchange's minimum bid price requirement. This extension follows the expiration of the initial compliance period on April 16, 2025. The company now has until October 13, 2025, to ensure that its common shares close ...
AYR Wellness Announces Leadership Changes
LOS ANGELES- AYR Wellness Inc., a U.S.-based multi-state cannabis operator, has announced recent adjustments to its executive team. Effective April 4, 2025, Steven M. Cohen stepped down as Interim Chief Executive Officer, a position he had held since September 18, 2024. The company's board of directors appointed Scott Davido as the new Interim CEO. Mr. ...
IM Cannabis Corp Reports Significant Growth in German Market
LOS ANGELES- IM Cannabis Corp has reported a 25% increase in revenue for the fourth quarter of 2024, reaching €13.3 million, compared to the same period in the previous year. This growth is largely attributed to the company's strategic focus on the German market, where sales surged by 183% during 2024, totaling $15.5 million, up ...
Entourage Health Expands Senior Secured Credit Facility
LOS ANGELES- Entourage Health Corp., a Canadian producer and distributor of cannabis products, has amended its senior secured credit facility. The amendment increases the subordinated credit facility by approximately $3 million, with the funds advanced in a single draw. Additionally, the maturity date for both the senior secured and subordinated facilities has been extended to ...
The Cannabist Company Expands ‘dreamt’ Brand to Massachusetts, New Jersey, and Virginia
LOS ANGELES- The Cannabist Company Holdings Inc. has announced the introduction of its sleep-focused cannabis brand, 'dreamt,' into the Massachusetts, New Jersey, and Virginia markets. This expansion aligns with Sleep Awareness Month, emphasizing the importance of quality rest. 'dreamt' offers a 5mg gummy, available in 20-count packs, featuring a 5:2:1 ratio of THC, CBD, ...
Planet 13 Schedules Release of Q4 2024 Financial Results
LOS ANGELES- Planet 13 Holdings Inc. a vertically integrated multi-state cannabis company, has announced that it will release its financial results for the fourth quarter and full year ending December 31, 2024, on March 26, 2025, after market close. Following the release, Planet 13's executive team, including Co-CEOs Bob Groesbeck and Larry Scheffler, along ...
MindMed Appoints Matt Wiley as Chief Commercial Officer
LOS ANGELES-Mind Medicine (MindMed) Inc. a biopharmaceutical company specializing in brain health disorders, has announced the appointment of Matt Wiley as Chief Commercial Officer (CCO). In his new role, Mr. Wiley will oversee MindMed's commercial strategy, particularly in preparation for the potential launch of MM120, an orally disintegrating tablet targeting generalized anxiety disorder (GAD) ...
Glass House Brands Schedules Conference Call to Discuss 2024 Financial Results
LOS ANGELES- Glass House Brands Inc., a vertically integrated cannabis company, has announced plans to release its financial results for the fourth quarter and full year ending December 31, 2024. The company will host a conference call on March 25, 2025, at 5:00 p.m. Eastern Time to discuss these results. Participation Details: Webcast Access: ...
TerrAscend Reports Fourth Quarter and Full Year 2024 Financial Results
LOS ANGELES- TerrAscend Corp., a cannabis company, has announced its financial results for the fourth quarter and full year ending December 31, 2024. Fourth Quarter 2024 Highlights Net Revenue: $74.4 million, a 0.3% increase from $74.2 million in the third quarter of 2024. Gross Profit Margin: 50.2%, up from 48.8% in the previous quarter. GAAP ...
Former NBA Player Iman Shumpert Introduces ‘TSA APPROVED’ Cannabis Brand in New York
LOS ANGELES- Former NBA player Iman Shumpert has launched a cannabis brand, TSA APPROVED, in partnership with Glenmere Farms, a licensed cannabis producer in New York. The brand aims to offer high-quality cannabis products while contributing to the state’s regulated market. Shumpert’s entry into the cannabis industry follows a broader shift in professional sports, including ...
Glass House Brands Secures $50 Million Senior Secured Loan
LOS ANGELES- Glass House Brands Inc., a vertically integrated cannabis company, has secured a new $50 million senior secured loan maturing on January 31, 2030. This facility replaces the previous loan set to mature in November 2026, extending the final balloon payment by an additional three years. The loan carries a fixed interest rate of ...
LEEF Brands to Enter New York’s Expanding Cannabis Market with Acquisition of Tier 1 Processing License
LOS ANGELES- LEEF Brands Inc. California-based cannabis extraction company, has announced the signing of a binding Letter of Intent to acquire a Tier 1 processing license in New York. This strategic move positions LEEF to enter New York's rapidly growing cannabis market, which is projected to reach $1.5 billion in sales by 2025. In addition ...
Awakn Life Sciences Secures $535,000 Credit Facility to Advance Addiction Treatment Programs
LOS ANGELES - Awakn Life Sciences Corp. a clinical-stage biotechnology company focusing on treatments for substance use and mental health disorders, has secured an unsecured credit facility of up to US$535,000 from an arm's length creditor. This facility allows the company to draw funds in multiple advances, with the principal due on December 5, 2026, ...
Regulatory Challenges for Hemp Beverages in the USA
LOS ANGELES - The hemp beverage industry in the United States is growing rapidly, driven by consumer demand for wellness-focused and sustainable alternatives to traditional drinks. According to Fortune Business Insights, the U.S. cannabis beverage market is projected to reach $81.44 billion by 2032, supported by the legalization of cannabis products in several states. Despite ...
The Rise of Cannabis Beverages: Trends and Market Insights for 2025
LOS ANGELES - Cannabis beverages are gaining traction in the health and wellness industry as a new way to deliver cannabinoid benefits. As 2025 approaches, this market is projected to grow significantly, evolving consumer preferences and advancements in formulation technologies, coupled with global cannabis legalization. This analysis delves into the key factors fueling the rise ...
Willow Biosciences Reports Q3 2024
LOS ANGELES- Willow Biosciences Inc., a biotechnology firm specializing in the industrial production of functional ingredients, has reported its financial results for the third quarter of 2024. The company achieved record revenue of $1.7 million during this period, marking a significant increase from the $674,000 reported in the same quarter of 2023. Despite this revenue ...
Medicinal Cannabis Companies Target Veterans with Social Media Promotions, Raising Ethical Concerns
LOS ANGELES- Recent reports indicate that medicinal cannabis companies are increasingly targeting veterans through social media platforms, promoting free products and subscription services. This marketing strategy aims to attract veterans by offering complimentary samples and ongoing product deliveries, leveraging social media's extensive reach to engage this demographic. Advocates argue that such promotions provide veterans with ...
Urbana Breathes New Life into Historic Luka’s Taproom with a New Cannabis Dispensary and Lounge in Oakland
Honoring a Beloved Oakland Landmark, Urbana Introduces a New Paradigm in Cannabis Retail and Consumption OAKLAND, CA – Urbana, one of Northern California’s premier cannabis brands, is thrilled to announce the opening of its newest dispensary and consumption lounge in the heart of Oakland. Located in the historic Luka’s Taproom, Urbana’s newest site pays tribute ...
BudLabs: The App Innovating How Cannabis Cultivators Measure Their Success
LOS ANGELES — In cannabis cultivation, staying ahead of the curve requires not only the best products but also the best tools. Advanced Nutrients has taken a significant step in this direction with the development of BudLabs, an innovative mobile app designed to streamline the cultivation process and help growers achieve superior results. BudLabs: Your ...
Emerald Cup Unites with Local Oakland Dispensary Lounge Urbana for 20th Anniversary Celebrating Legacy and Community
OAKLAND — As the Emerald Cup marks its 20th anniversary this year, the event continues to evolve while staying true to its roots. Often hailed as the "Academy Awards of Cannabis," the Emerald Cup is celebrated for its commitment to honoring the best in cannabis while fostering a strong sense of community. Seeking a local ...
Advanced Nutrients Honored with International Cannabis Award for Best Fertilizer USA 2024
LOS ANGELES — Advanced Nutrients continues to lead the cannabis cultivation market, garnering the International Cannabis Award for Best Fertilizer USA 2024. This recognition underscores the company's longstanding commitment to innovation and excellence in cannabis cultivation. In a notable achievement coinciding with their presence at the International Cannabis Business Conference (ICBC) in Barcelona, Advanced Nutrients ...
Mary Jane Berlin 2024: Epicenter of European Cannabis Culture and Innovation
BERLIN—This week, Berlin is hosting one of the most anticipated events in the cannabis industry: Mary Jane Berlin. From June 14 to June 16, the sprawling Arena Berlin will transform into a vibrant hub for cannabis enthusiasts, industry professionals, and curious visitors alike. This annual event, now a staple in the European cannabis calendar, promises ...
High Tide Acquires Premium Cannabis Brand Queen of Bud
LOS ANGELES- In a strategic move High Tide Inc. has officially completed its acquisition of the esteemed Queen of Bud brand, including its intellectual property, trademarks, and other valuable assets. This acquisition, announced on March 15, 2024, marks a significant expansion of High Tide's impressive portfolio of consumer-facing brands, such as NuLeaf Naturals, FAB CBD, ...
