Capital
U.S. Inflation Rebounds Slightly in July, Easing Rate Hike Concerns
LOS ANGELES-- The annual increase in the Consumer Price Index (CPI) saw a mild uptick in July 2023, marking the first rebound after 12 consecutive months ...
Curaleaf Holdings Inc. Reports 4% Year-Over-Year Revenue Growth in Q2 2023, Continues Strategic Expansion
LOS ANGELES-- Curaleaf Holdings Inc., a cannabis consumer products, reported its financial results for the second quarter ended June 30, 2023, reflecting modest growth in revenue ...
Trulieve Reports Expanded Q2 Deficit, Cites Unfavorable Weather Impacting Ongoing Quarter Performance
MIAMI—Trulieve Cannabis (TRUL.CD), a significant player in the cannabis industry, recently announced a larger financial loss for the second quarter. This loss has been attributed to ...
Headspace Secures $105 Million in Funding for Expansion
TORONTO–Digital healthcare company Headspace, known for its innovative mental health solutions, has secured a $105 million senior debt facility from Oxford Finance, a specialty finance firm ...
Illinois Cannabis Sales Hit $140 Million in July, Boosted by Out-of-State Buyers; Governor Pritzker Celebrates Economic Impact
CHICAGO — Cannabis sales in Illinois surged to $140 million in July, marking the highest total for 2023 and the second-largest monthly sum since legalization began ...
Canadian Cannabis Producer Cannara Biotech Reports Profitable Quarter
MONTREAL–Cannara Biotech, a prominent cannabis producer based in Montreal, has unveiled a notable achievement, reporting a profit of 2.9 million Canadian dollars ($2.2 million) in the ...
Pelorus Capital Group Achieves Historic Milestone with First Cannabis-Linked Real Estate Securitization
LOS ANGELES-- In a groundbreaking announcement today, Pelorus Capital Group, a prominent player in the specialty-use cannabis real estate lending market, has successfully priced the first-ever ...
Illinois Adult-Use Cannabis Sales in June Hit $136 Million, Third Highest on Record
LOS ANGELES-- In June, adult-use cannabis sales in Illinois reached an impressive milestone, totaling $136 million, according to data from the Cannabis Regulation Oversight Officer (CROO). ...
Psyence Group Inc. Reports Financial Losses Driven by Research and Development Costs
NEW YORK-- Psyence Group Inc. a psychedelic medicine and fungiculture company headquartered in British Columbia, recently disclosed its financial results for the fiscal year ending March ...
Tilray Surges 15% Amidst Q4 Results, But Skepticism Lingers for Investors
LOS ANGELES-Tilray Brands, the Canadian cannabis producer with hopes of entering the USA, experienced a momentary glimmer of hope as its shares surged 15% on Wednesday ...
First Citizens Bank Provides $1 Million Credit to The Georgia Hemp Company for Promotional Initiative
LOS ANGELES--First Citizens Bank, through its Hemp Business division, has announced its provision of a $1 million working capital line of credit to RYJO, the parent ...
Neptune Wellness Solutions Faces Nasdaq Compliance Challenge
LOS ANGELES-- Neptune Wellness Solutions Inc, a prominent player in the consumer-packaged goods and cannabis industry, has disclosed that it received a notification from the Nasdaq ...