News
Curaleaf States Intention to Bid for Aurora Cannabis
STAMFORD – Curaleaf Holdings Inc. has publicly outlined plans to purchase all of the issued and outstanding common shares of Aurora Cannabis Inc., moving the proposal directly to shareholders after earlier private outreach. The announcement marks a notable step in cross-border consolidation within the Cannabis sector. In a statement, Curaleaf said it intends to offer ...
Vireo Growth Reports Q2 2026 Financial Results
MINNEAPOLIS – Vireo Growth Inc. reported GAAP revenue of $209.3 million for the three months ended June 30, 2026, up 335% year-over-year from $48.1 million in Q2 2025, driven by the Eaze, Hawthorne Gardening Company, and Bridgewell Agribusiness transactions, all of which closed during the quarter. Total Cannabis revenue reached $175.8 million for the period, ...
Senate Votes to Extend Hemp THC Ban Timeline
WASHINGTON – The U.S. Senate voted to table a bipartisan amendment that would have kept a federal hemp THC ban on schedule for November. By a 61-32 margin, the chamber defeated a proposal from Sen. Ted Budd (R) that would have stripped a delay provision from a continuing resolution (CR) funding the federal government through ...
Puerto Rico Governor Orders Psychedelics Research
SAN JUAN – Puerto Rico’s governor has directed the territory’s health department to examine the practical steps needed to advance clinical research into emerging therapies, including certain psychedelic compounds. The move positions a commonwealth to explore regulated trials aimed at serious mental health and substance-use challenges. Governor Jenniffer González-Colón signed Executive Order 2026-037, instructing the ...
Vireo Growth Closes Colorado Retail Deal, Secures Bank-Led Credit Line
MINNEAPOLIS – Vireo Growth Inc. announced it had received all required regulatory approvals and formally closed its acquisition of certain Colorado retail assets from PharmaCann Inc. Additionally, the company disclosed a senior secured asset-based revolving credit facility arranged through Bank of Montreal. The PharmaCann transaction, first announced in December 2025, transferred 17 operational dispensaries, along ...
Trulieve Reports Q2 2026 Financial Results
TALLAHASSEE – Trulieve Cannabis Corp. released its second-quarter 2026 financial results, reflecting a period that included the deconsolidation of Harvest operations, recognition from TIME magazine, and the company's listing on the New York Stock Exchange. The medical Cannabis operator outlined revenue, margins and cash generation while noting several operational and strategic steps. Revenue for the ...
NY Cannabis Market Gains New Outdoor Sales Path
NEW YORK – New York Governor Kathy Hochul signed legislation that expands the ways licensed microbusinesses and dispensaries can sell Cannabis products at approved community events. The measure aims to give smaller operators more direct access to consumers while reinforcing the state’s regulated market. The Assembly Bill A11217 clarifies that vertically integrated microbusinesses can fully ...
High Tide Closes BMO Credit Facility, Issues Q3 Guidance
CALGARY – High Tide Inc. closed its C$40 million senior secured credit facilities with Bank of Montreal (BMO), replacing an existing arrangement with ConnectFirst Credit Union and substantially lowering the company's cost of capital. The transaction marks the first time the Cannabis operator has secured a senior lending relationship with a Big Five Canadian chartered ...
LEEF Brands Reports Q2 2026 Financial Results
VANCOUVER – LEEF Brands Inc. posted gross profit up 62% and gross margin that nearly doubled year-over-year, even as top-line revenue fell by 16%. Net revenue reached $7.3 million, down from $8.7 million in Q2 2025, primarily reflecting lower volumes while the company operated with a temporary biomass gap between 2025 and 2026 harvests from ...
ACT LAB Enters NJ Cannabis Market with Sriven Labs Acquisition
TRENTON – ACT LAB, a Cannabis and hemp testing and compliance laboratory network, announced its entry into New Jersey through the acquisition of Sriven Labs (SV Labs – NJ), a licensed and ISO-accredited testing laboratory that has served the state's regulated operators since its founding. The New Jersey Cannabis Regulatory Commission approved the deal. The ...
Cresco Labs Reports Q2 2026 Financial Results
CHICAGO – Cresco Labs Inc. released its second-quarter 2026 financial results, offering a clear look at how the multistate operator performed through the end of June. The company, known for its branded products and Sunnyside retail stores, reported progress in several markets while noting a leadership change at the finance desk. Revenue reached $173 million ...
Curaleaf Reports Q2 2026 Financial Results
STAMFORD – Curaleaf Holdings Inc. posted second-quarter 2026 revenue of $340.1 million, up 10% year-over-year and 5% sequentially; with net income from continuing operations of $12.5 million, or $0.05 per share, reversing a $48.1 million loss in the prior-year period. Gross profit landed at $169.9 million at a 50% margin, up 70 basis points year-over-year. ...
Aurora Cannabis Reports Q1 FY 2027 Financial Results
EDMONTON – Aurora Cannabis Inc. released its first-quarter fiscal 2027 results, covering the period ended June 30, 2026. The Canadian medical Cannabis company highlighted growth in its international segment alongside a smaller overall revenue figure compared with the year-earlier period. Net revenue reached $67.6 million, down 9% from $74.1 million a year ago. The decline ...
GTI Reports Q2 2026 Financial Results
CHCAGO – Green Thumb Industries Inc. reported Q2 2026 revenue of $306.7 million, clearing Wall Street's consensus estimate of $298.99 million by roughly $8 million. The result represented a 4.6% year-over-year gain, driven primarily by adult-use sales growth in Minnesota alongside continued performance in Connecticut, Florida, and Ohio. GAAP net income swung to $4.9 million, ...
Verano Reports Q2 2026 Financial Results
CHICAGO – Verano Holdings Corp. posted net revenue of $218 million for the three months ended June 30, 2026, up 8% year-over-year from $202 million in Q2 2025, and up 5% sequentially from $208 million in Q1 2026. Gross profit came in at $100 million, or 46% of revenue – a meaningful step back from ...
RYTHM Reports Q2 2026 Financial Results
ROLLING MEADOWS – RHYTHM, Inc. posted revenue from continuing operations of $23 million in the second quarter of 2026, a 73% sequential increase that cleared management's own guidance of 65% growth. For context. Total revenue across the same period one year earlier was $2 million – a year-over-year comparison that captures how fundamentally RYTHM's business ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – The final days of July and the opening of August delivered a concentrated burst of news that touched labor, capital markets, federal regulation, and cross-border insolvency. A historic labor settlement, a one-company M&A wave, a federal regulatory milestone for psychedelics, a bankruptcy filing across the border, and a round of Q2 earnings ...
MJBowl Adds Colorado for Its Second Year
LOS ANGELES – The MJBowl, the Cannabis product competition co-presented by MJBizCon and professional review platform Budist, is returning for its second year, with Colorado joining California and New York in the competition pool for the first time. Registration opens today, August 3, running through September 30, 2026. Entry costs $250 per product through August ...
FDA Issues Final Guidance on Psychedelic Drug Trials
SILVER SPRING – The FDA published its final guidance titled "Psychedelic Drugs: Considerations for Clinical Investigations" in the Federal Register, finalizing a draft that first appeared in June 2023. Issued by the Center for Drug Evaluation and Research, the document gives sponsors general considerations for developing compounds including psilocybin, LSD, and MDMA as treatments for ...
Vireo Growth Re-Enters Ohio Through Four Concurrent Deals
MINNEAPOLIS – Vireo Growth Inc. announced that it has signed four separate Securities Purchase Agreements to acquire all membership interests of FarmaceuticalRx LLC, FarmaceuticalRx 2 LLC, CAOH LLC, and Canoe Hill Ohio, LLC. The four entities collectively bring eight dispensaries, a cultivation and processing facility, and related owned and leased real estate into Vireo's portfolio, ...
Cannabis Workers Win Biggest Strike in U.S. History
BARRY – Employees at Ascend Wellness's Cannabis cultivation facility in Barry, Illinois, ratified their first union contract on July 30, ending a 30-day unfair labor practice strike that the International Brotherhood of Teamsters says was the largest in the history of the legal Cannabis industry. The workers, more than 300 members of Teamsters Local 916, ...
Final Bell Exhausts Strategic Options, Files for Bankruptcy in Canada
LOS ANGELES – Final Bell Holdings International Ltd. has made a voluntary assignment in bankruptcy under Section 49 of Canada’s Bankruptcy and Insolvency Act. A Licensed Insolvency Trustee was appointed, and the Office of the Superintendent of Bankruptcy issued a Certificate of Appointment on July 28, 2026. The company’s remaining director, Kay Jessel, resigned the ...
LEEF Brands Secures Processing Facility With $5.2M Preferred Round
VANCOUVER – LEEF Brands, Inc. announced the closing of a $5.2 million preferred share financing. The proceeds will fund the purchase of a Cannabis processing and storage facility that will dry, cure, freeze, and store biomass from Salisbury Canyon Ranch before it is transported to LEEF Labs in Mendocino County for extraction. This is the ...
SNDL Reports Q2 2026 Financial and Operational Results
EDMONTON – SNDL Inc. announced the completion of assets acquisition from Surterra Holdings, Inc. and its affiliates, collectively known as Parallel, a vertically integrated Cannabis operator with state-licensed operations in Florida, Texas, and Massachusetts. The deal was executed through a strict foreclosure agreement via CDXX TransCo, LLC. The transaction extinguished approximately $842 million of Parallel's ...
From Music to Cannabis: Building Ohio’s Largest Cannabis Conference: Profile: Lenny Berry
Lenny Berry is the Founder and CEO of the Ohio Cannabis Health & Business Summit (OCHBS), one of the Midwest's leading Cannabis conferences. A longtime entrepreneur and former music industry executive, he founded OCHBS in 2019 to bring together patients, healthcare professionals, entrepreneurs, investors, policymakers, and industry leaders to advance Cannabis education, business, and innovation. ...
