News
Under Delisting Pressure, IM Cannabis Approves Reverse Stock Split
TORONTO – IM Cannabis Corp. (IMCC), a medical Cannabis company operating in Israel and Germany, announced that its board has approved a one-for-thirty share consolidation, effective August 27, with September 15 as the outside date. The consolidation will reduce roughly 18.1 million of its issued and outstanding common shares to approximately 603,900, subject to fractional ...
BREAKING: Johnson & Johnson Signs On to Lead Delix’s $85M Series C
NEW BRUNSWICK – Johnson & Johnson has agreed to lead a Series C financing for Delix Therapeutics, the biotech developing non-hallucinogenic drugs designed to promote neuroplasticity in patients with serious psychiatric conditions. The round is sized at $85 million at a pre-money valuation of $190 million. The financing has not yet closed. The structural terms ...
Analysis: Wall Street Quietly Tests the Water In Cannabis
NEW YORK- For years, institutional investors have largely remained outside the publicly traded Cannabis market. Federal illegality, regulatory uncertainty, limited access to major exchanges and disappointing stock performance have kept most major investment firms on the sidelines. Howard Lutnick with President Trump The latest 13F filings suggest that could be starting to change. Every ...
Earnings Season: Cannabis Operators Deliver a Different Kind of Q2 2026
LOS ANGELES – The Cannabis industry wraps up its second-quarter earnings, and the aggregate picture carries a theme that would have been harder to locate a few years ago. Operators are making money. Profitability, not revenue scale, is the number that commands attention now. Cannamonitor Decide has compiled every result released through mid-August, spanning operators ...
Yale Budget Lab Outlines Multibillion Dollar Future for Federal Cannabis
NEW HAVEN – The fiscal argument for federal Cannabis legalization now has an academic backbone. Yale University's Budget Lab released a comprehensive revenue analysis mapping out what a federal excise tax on Cannabis could realistically generate, and the range of variables that could push that figure considerably higher. According to the report, federal legalization paired ...
Definium Delivers Positive Phase 3 Data for LSD Candidate in GAD
NEW YORK – Definium Therapeutics Inc. has released topline results from the first of two Phase 3 studies testing its LSD-based candidate DT120 in adults with generalized anxiety disorder (GAD). The findings add to earlier Phase 3 data in major depressive disorder. In the Voyage trial, a single 100-microgram dose of DT120 orally disintegrating tablet ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – A hostile takeover bid, a Senate hemp vote that reset the enforcement calendar without solving anything, a state tax repeal with constitutional teeth, a dense Q2 earnings wave, and two landmark banking deals – the fortnight gave the industry more to process than most quarters do. 1. Hostile M&A & Corporate Restructuring ...
Michigan Lawmakers Push to Repeal 24% Cannabis Tax
LANSING – Less than eight months after Michigan imposed a new wholesale Cannabis tax to shore up its road repair budget, a Republican state lawmaker has introduced legislation to eliminate it entirely. House Bill 6224, filed by State Representative James DeSana (R) on July 29 and formally reproduced by the legislature on August 11, would ...
Glass House Brands Reports Q2 2026 Financial Results
LONG BEACH – Glass House Brands Inc. released its Q2 2026 financial results, reporting revenue of $47 million, nearly flat year-over-year but a 64% sequential improvement from Q1 2026. Biomass production reached a company record of 245,746 equivalent dry pounds, surpassing management's guidance and the 230,748 pounds produced in the same quarter last year. Cost ...
OCHBS: 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. ...
Curaleaf Launches $272 Million Hostile Takeover Battle for Aurora Cannabis
NEW YORK - Curaleaf Holdings has launched a hostile takeover battle for Aurora Cannabis, publicly announcing plans to take a US$272 million offer directly to Aurora’s shareholders after failing to secure the support of Aurora’s board. If completed, the deal would bring together two of the most recognizable companies in Cannabis and create a global ...
Ohio Cannabis Health & Business Summit Announces 2026 Event in Columbus
The sixth annual OCHBS will take place September 23–24 at the Greater Columbus Convention Center, with expanded programming and expo booths, a medical patient access program, and signature networking events at Stories on High and COSI. COLUMBUS, Ohio — The Ohio Cannabis Health & Business Summit (OCHBS), Ohio’s largest cannabis conference & expo, will return ...
Vireo Growth Authorizes Share Buyback Program
MINNEAPOLIS – Vireo Growth Inc. has received board approval to begin a share repurchase plan under a normal course issuer bid. Following a series of strategic moves, including an expansion into Ohio and an earlier share consolidation, the company continues to build momentum as it integrates its recent acquisitions and broadens operational footprint. The multisite ...
Tyson 2.0 Teams Up with Reborn Roots for a Heavyweight Touchdown in Rhode Island
LOS ANGELES – Celebrity Cannabis brands have tested markets from the Pacific Northwest to the Caribbean and one of the sector's most recognized names is now pushing into New England. Tyson 2.0 Inc. announced an exclusive licensing agreement with Reborn Roots LLC, bringing the brand's full product lineup to Rhode Island dispensaries for both adult-use ...
Ascend Wellness Reports Q2 2026 Financial Results
NEW YORK – Ascend Wellness Holdings Inc. reported its Q2 2026 financial results posting net revenue of $126.1 million, a 7.9% sequential increase from $116.9 million in Q1 2026. Retail revenue climbed 11.5% quarter-over-quarter to $92.7 million, accounting for 73.5% of total net revenue, up from 71.1% in the prior period. Wholesale revenue held near ...
Washington Has a Plan for Hemp-Derived Beverages. The Rest of the Hemp Industry Wants One Too.
LOS ANGELES - WASHINGTON – A bipartisan bill introduced in Congress this week would bring hemp-derived THC drinks under the same federal regulatory structure long used for alcohol. For an industry watching a federal ban deadline close in, the proposal offers something it has rarely seen: a concrete rulebook with political backing on both sides ...
Trulieve Completes Redomicile to Delaware
TALLAHASSEE – Trulieve Cannabis Corp. completed its redomiciliation from British Columbia, Canada, to the State of Delaware, following a shareholder vote and a Final Order from the British Columbia Supreme Court. The redomicile took effect when the necessary filings were made effective by The Diamond State. The ballot was decisive: 71,756,586 shares were cast in ...
PSYCH Symposium Rebrands as Mind Forward for Another London Event
LONDON – The organizers of Europe’s established psychedelic medicine conference have rebranded the platform and expanded its focus. The new identity, Mind Forward, will host a one-day symposium in London later this year. PSYCH has transitioned into Mind Forward after more than six years of programming centered on psychedelic research, policy and care. The shift ...
Organigram Reports Q3 Fiscal 2026 Financial Results
TORONTO – Organigram Global Inc. released its third-quarter fiscal 2026 results, showing the first full contribution from its recent European acquisition alongside continued strength in the Canadian market. The company reported higher sales and adjusted profitability for the period. Net revenue reached $105.8 million, up 49% from the same quarter a year earlier. Gross revenue ...
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 ...
