Consumer Research
Mid-Cap Cannabis Operators Face Liquidity Pressures Despite Solid Leverage, Viridian Report Finds
LOS ANGELES – Public Cannabis companies with $25-100 million market ...
Jazz Pharmaceuticals: The Medical Cannabis Insider Nearing $1B Milestone
DUBLIN – Jazz Pharmaceuticals reported a 20% jump in Q3 ...
Medicare Explores CBD Coverage for Seniors
WASHINGTON – The Centers for Medicare & Medicaid Services (CMS) ...
Bioxyne Reports Record Revenue, Yet Cash Outflows Climb on Expansion Push
SYDNEY – Bioxyne Limited, an Australian life sciences and wellness products company, posted its highest quarterly revenue on record for the period ended September 30, with sales reaching A$14.1 million, a 210% jump from the ...
Kansas Poll Shows Broad Support for Cannabis Reform
TOPEKA – A recent survey of Kansas residents highlights growing public enthusiasm for Cannabis policy changes, with nearly seven in ten adults endorsing medical use and close to six in ten favoring recreational access. A ...
Cybin Raises $175M in Direct Offering, Reinforcing Psychedelic Pipeline
TORONTO – Cybin Inc., a clinical-stage biopharmaceutical company focused on psychedelic-based treatments for mental health disorders, disclosed a $175 million registered direct offering, drawing commitments from a roster of established biotech investors. The deal, priced ...
Curaleaf Secures $100M Revolving Credit Facility
STAMFORD – Curaleaf Holdings Inc. closed an expanded revolving credit agreement with Needham Bank, increasing its borrowing limit to $100 million from $40 million and extending the term to as long as five years. The ...
Planet 13 Expands Florida Footprint
LAS VEGAS – Planet 13 Holdings Inc., a vertically integrated Cannabis operator with cultivation, production, and retail operations in four states, launched its latest medical Cannabis outlet in DeLand, Florida. The store, situated in the ...
California Governor Approves Fast Track for Cannabis and Psychedelics Studies
LOS ANGELES – Governor Gavin Newsom (D) signed Assembly Bill 1103 into law on Friday, October 10, clearing hurdles for researchers studying Cannabis and psychedelics in the state. The measure targets delays in approving projects ...
AYR Wellness Kicks Off Public Auction in Debt Restructuring Push
LOS ANGELES – Miami-based AYR Wellness Inc. moved ahead with its financial reset by starting Article 9 foreclosure proceedings under the Uniform Commercial Code to auction core assets. Odyssey Trust Company, serving as collateral trustee ...
MariMed Strikes Licensing Deal to Bring Edibles Line to New York Market
NORWOOD – MariMed Inc. has signed a licensing agreement with Farm 2 Hand, LLC, a licensed cultivator and processor in New York, to roll out its lineup of edibles across the state starting in 2026. ...
Germany Boosts Medical Cannabis Import Cap
BERLIN – German health authorities have increased the annual limit on medical Cannabis imports to 192.5 metric tons, in an effort to keep up with the rapid growth in patient demand while the country navigates ...
Emerald Intel Acquires Cannabiz Media, Expanding Reach in Cannabis Intelligence Sector
ANNAPOLIS – Emerald Intel, a key player in Cannabis market data, revealed its purchase of Cannabiz Media, a long-standing directory of licensed operators and decision-makers in the North American Cannabis space. The transaction, announced via ...
Minnesota Approves Hemp Seed Meal for Laying Hens
LOS ANGELES- The Minnesota Department of Agriculture (MDA) has authorized the use of hemp seed meal in feed for laying hens, positioning Minnesota among the first states to permit this ingredient in poultry diets. Hemp ...
Vireo Growth Inc. Secures $75 Million Financing and Acquires Four Cannabis Operators
LOS ANGELES- Vireo Growth Inc. has announced a $75 million equity financing at $0.625 per share, alongside agreements to acquire four single-state cannabis operators for approximately $397 million in all-stock transactions. The acquisitions include Proper ...
Canopy USA Appoints M. Brooks Jorgensen as President
LOS ANGELES- Canopy USA, a subsidiary of Canopy Growth Corporation, has announced the appointment of M. Brooks Jorgensen as its new President. Jorgensen brings over two decades of experience in the wine and spirits industry, ...
Expanding Investment Horizons: Opportunities for Cannabis Entrepreneurs
NEW YORK-The cannabis industry is evolving, presenting fresh opportunities for entrepreneurs willing to think beyond traditional boundaries. While some cannabis-specific investors may be stepping back, there’s growing interest from wellness-focused capital, accredited investors, and innovative ...
The Rise of a New Era of Consumption: Cannabis-Infused Drinks
LOS ANGELES-Cannabis-infused beverages have rapidly gained traction in recent years as a popular alternative to traditional consumption methods such as smoking and vaping. With the increasing legalization of cannabis in the United States and other ...
Ottawa’s Psilocybin Retailers Maintain Operations Amid National Enforcement Actions
LOS ANGELES- In Ottawa, several storefronts openly selling psilocybin, the psychoactive compound in magic mushrooms, continue to operate with minimal interference from local law enforcement. This contrasts with actions in other Canadian municipalities, where authorities ...
DEA Postpones Cannabis Rescheduling Hearing to 2025
LOS ANGELES- The Drug Enforcement Administration (DEA) has postponed its public hearing on the proposed rescheduling of cannabis under federal law. Initially scheduled for December 2, 2024, the hearing is now expected to occur in ...
What You Need to Know About Cash Flow Management
NEW YORK- Every CFO and entrepreneur in Cannabis and Psychedelics needs to know that efficient cash flow management is essential in the cannabis industry, where companies face specific financial challenges. WELCOME Back to this fresh ...
Cansortium Completes Merger with RIV Capital
LOS ANGELES- Cansortium Inc., operating under the Fluent brand, has finalized its merger with RIV Capital Inc., establishing a multi-state cannabis operator with a presence in Florida, New York, Texas, and Pennsylvania. The merger results ...
Psyence Biomed Completes $2 Million Private Placement
LOS ANGELES- Psyence Biomedical Ltd. , a biotechnology firm specializing in psilocybin-based psychedelic medicines, has finalized a private placement, securing approximately $2 million in gross proceeds. The financing involved the issuance of 1,000,000 common shares ...
Cannabis Industry Forecast for 2025: A Year of Transformation
LOS ANGELES—As the calendar turns to 2025, the cannabis industry stands on the brink of transformation. This year could mark a pivotal point, shaped by evolving policies, shifting consumer preferences, and new market opportunities on ...
Travis Ahern Named Executive Director of Massachusetts Cannabis Commission
LOS ANGELES- The Massachusetts Cannabis Control Commission (CCC) has selected Holliston Town Manager, Travis Ahern, as its new Executive Director. Ahern's appointment follows a comprehensive search process that began earlier this year. He was among ...
Kaya Holdings Unveils Psilocybin Therapy Series at Sacred Mushroom Center
LOS ANGELES- Kaya Holdings, Inc. a in wellness and mental health solutions, has announced an inaugural open house event for its psilocybin treatment center, The Sacred Mushroom™. The event will take place on Friday, December ...
Psyence Biomedical Regains Nasdaq Compliance
LOS ANGELES- Psyence Biomedical Ltd. (Nasdaq: PBM) has regained compliance with all Nasdaq continued listing requirements, as confirmed by the Nasdaq Hearings Panel. The company had previously requested a transfer from The Nasdaq Global Market ...
MariMed Launches Wholesale Cannabis Operations in Missouri
LOS ANGELES- MariMed Inc, a multi-state cannabis operator, has initiated wholesale operations in Missouri, marking its expansion into a sixth revenue-generating state. The company's premium product lines—including Betty’s Eddies™ fruit chews, Bubby’s Baked™ confections, Vibations™ ...
LEEF Brands Closes CAD $500K Financing Round
LOS ANGELES- LEEF Brands Inc. , a California-based cannabis extraction and manufacturing company, has successfully closed the second tranche of its private placement financing, securing an additional CAD $500,000. This follows the first tranche, which ...
FDA Restricts Psychoactive Mushroom in Edibles
LOS ANGELES- The U.S. Food and Drug Administration (FDA) has issued a warning regarding the use of Amanita muscaria (fly agaric) mushrooms and their psychoactive compounds—muscimol, ibotenic acid, and muscarine—in food products. The FDA has ...
How to Read an Income Statement Like A Boss: Lessons from P&G
LOS ANGELES--At Procter & Gamble (P&G), we were taught to analyze financial statements with precision, breaking them down into actionable insights that link business performance to strategy. Cannabis companies can apply these same principles to ...
Aurora Cannabis Expands Distribution in Australia
LOS ANGELES- Aurora Cannabis Inc. has announced a distribution partnership between its wholly owned subsidiary, MedReleaf Australia, and The Entourage Effect, a company that provides distribution and support services to pharmacies in Australia. Under this ...
Weedmaps Founders Propose to Take Company Private
LOS ANGELES- Co-founders Doug Francis and Justin Hartfield of WM Technology, Inc., the parent company of Weedmaps, have proposed to take the company private. They offered $1.70 per share in cash for the approximately 68% ...
The Benefits of Using Hydroponics for Cannabis Cultivation
LOS ANGELES--Hydroponics, the practice of growing plants in a water-based, nutrient-rich solution rather than soil, has become increasingly popular among cannabis cultivators. This method offers several advantages, particularly when it comes to optimizing growth, enhancing ...
The Global Growth of Hydroponics in Cannabis Cultivation
LOS ANGELES--The hydroponics industry is experiencing unprecedented growth worldwide, driven largely by its increasing adoption in the cannabis sector. As cannabis legalization expands across continents, cultivators are turning to hydroponic systems to meet the demand ...
Vireo Goes on Shopping Spree Becoming a New Cannabis MSO
NEW YORK--Cannabis multistate operator (MSO) Vireo Growth has taken a significant leap forward by securing $75 million in equity financing and acquiring four companies, including three single-state operators and a delivery and analytics platform. This ...
Federally Funded Survey: Cannabis Use By Teens Hits Historic Low
WASHINGTON, D.C- (NORML) Federally funded survey data provided by the University of Michigan reports that teen marijuana use has declined significantly over the past decade and is now at historic lows. Consistent with data previously reported by the Centers ...
Organigram Expands Market Presence with Strategic Investments and Acquisitions
LOS ANGELES- Organigram Holdings Inc., a Canadian cannabis producer, is actively broadening its market reach through strategic investments and acquisitions, supported by British American Tobacco (BAT). In November 2023, Organigram secured a follow-on strategic equity ...
