Legal Affairs
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 ...
San Diego Evaluates Cannabis Business Tax Increase
LOS ANGELES- The San Diego City Council is considering a proposal to raise the tax rate on cannabis businesses from 8% to 10%, aiming to address a projected $258 million budget deficit for the upcoming ...
MindMed Reports 2024 Financial Results and Advances in Clinical Trials
LOS ANGELES- of December 31, 2024, MindMed reported cash and cash equivalents totaling $273.7 million, up from $99.7 million at the end of 2023. This increase is attributed to equity financings totaling approximately $250 million ...
Illinois Cannabis Market Leads in Diversity with 100th Social Equity Dispensary
LOS ANGELES- In July 2024, Illinois marked a significant milestone by opening its 100th social equity-owned cannabis dispensary, underscoring the state's commitment to fostering diversity within the industry. A comprehensive study by the Cannabis Regulation ...
Massachusetts Cannabis Market Sees Surge in Strain Diversity
LOS ANGELES- As of December 2024, Massachusetts' legal cannabis market boasts 740 active strains, marking a 29% increase from the 572 strains available in December 2023 and an 84% rise from 401 strains in December ...
Arizona Cannabis Sales and Tax Revenue: Recent Trends and Milestones
LOS ANGELES- In October 2024, Arizona's cannabis industry experienced a modest rebound, with recreational marijuana sales reaching $75.3 million, up from $67.3 million in September. Despite this month-over-month increase, sales remained below the previous year's ...
Trump’s Appointments and the Future of Federal Cannabis Policy
LOS ANGELES- The Trump administration’s recent appointments have raised questions about the trajectory of federal cannabis policy. With nominees holding diverse views on legalization and regulation, the decisions made in the coming months will play ...
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 ...
San Diego Evaluates Cannabis Business Tax Increase
LOS ANGELES- The San Diego City Council is considering a proposal to raise the tax rate on cannabis businesses from 8% to 10%, aiming to address a projected $258 million budget deficit for the upcoming ...
MindMed Reports 2024 Financial Results and Advances in Clinical Trials
LOS ANGELES- of December 31, 2024, MindMed reported cash and cash equivalents totaling $273.7 million, up from $99.7 million at the end of 2023. This increase is attributed to equity financings totaling approximately $250 million ...
Harborside Announces Acquisition of Salinas Production Campus
OAKLAND–Harborside Inc. (CSE: HBOR),(OTCQX: HBORF) a California-focused, vertically integrated cannabis enterprise, today provided an update on its previously announced plan to purchase the Company's 47-acre production campus, which includes 200,000 sq. ft. of licensed cultivation ...
Nova Provides Business and Plans Updates
EDMONTON, AB–Nova Cannabis Inc. (TSXV: NOVC), today announced several business developments intended to accelerate the Company's growth, including: Entering into two conditional asset purchase agreements to acquire a total of six retail cannabis locations in Ontario, which ...
Global Cannabidiol (CBD) Market Size Expected to Reach $55 Billion In 2028
PALM BEACH– Out of all cannabinoids, cannabidiol is most widely used for therapeutic reasons due to the lack of psychoactive effects. In many medical applications, cannabidiol oil is used, such as anxiety and depression treatment, ...
MariMed Names Howard Schacter as Chief Communications Officer
NORWOOD, Mass.,–MariMed, Inc. (OTCQX: MRMD), a multi-state cannabis operator focused on health and wellness, today announced Howard Schacter has been appointed as the Company's Chief Communications Officer and a member of the MariMed Executive Management ...
Charlotte’s Web And University Colorado Collaborating On Sleep & Anxiety Studies
BOULDER–(TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc., a marketer of hemp CBD wellness products announced the collaboration of its CW Labs division on a preclinical sleep and anxiety study with the University of Colorado-Boulder's ...
GRAV Launches GRAV Reserve Pre-Filled Glass Joints in California
LOS ANGELES–GRAV, the leader in handcrafted glass cannabis smoking accessories, has introduced its first GRAV Reserve glass joint line in California. The company teamed up with premium cannabis cultivators in Southern California to fill GRAV glass with the ...
Cansortium Reports First Quarter 2021 Financial Results
MIAMI–Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF), a vertically-integrated cannabis company operating under the Fluent™ brand, announced financial results for the first quarter ended March 31, 2021, as well as recent operational highlights. Unless otherwise indicated, ...
48North Cannabis Corp. Announces Q3 Results
TORONTO–48North Cannabis Corp. (TSXV: NRTH), a brand-led, vertically integrated Licensed Producer focused on manufacturing a portfolio of cannabis products available across the country, has released its financial and operating results for the third quarter ended ...
PharmaCielo Announces Financial Results for the First Quarter Ended March 31, 2021
TORONTO–PharmaCielo Ltd. (TSXV: PCLO), (OTCQX: PCLOF), the Canadian parent of Colombia's premier cultivator and producer of medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., today announced financial results for the first quarter ended March 31, 2021. Management Commentary "Our results ...
Kiaro Enters Ontario, US & Australia Via Strategic Acquisition of Cozy Cannabis
VANCOUVER, BC– Kiaro Holdings Corp. (TSXV: KO), a cannabis retailer and wholesale distributor, announced that the Company has entered into a definitive agreement to acquire all issued and outstanding shares of Sculthorp SEO Inc., which currently ...
Inner Spirit Holdings Announces First Quarter 2021 Financial Results
CALGARY, AB–Inner Spirit Holdings Ltd. (CSE: ISH) (OTCQB: INSHF), a Canadian company that has established a national network of Spiritleaf retail cannabis stores, today announced it has filed its consolidated financial statements for the quarter ...
Harborside Inc. Reports First Quarter 2021 Financial Results
OAKLAND–Harborside Inc. (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically integrated cannabis enterprise, today reported its financial results for the first quarter ending March 31, 2021. Management Commentary "Our Q1 results reflect the strength of our ...
Schwazze Acquires Southern Colorado Growers
DENVER–Schwazze, (OTCQX: SHWZ) announced signed definitive documents to acquire the assets of Southern Colorado Growers ("SCG") in Huerfano County, Colorado. The proposed transaction includes 34 acres of land with outdoor cultivation capacity, as well as indoor, greenhouse, and ...
Canopy Growth Reports Fourth Quarter and Fiscal Year 2021 Financial Results
SMITHS FALLS, ON,–Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) today announced its financial results for the fourth quarter and Fiscal Year 2021 ended March 31, 2021. All financial information is reported in Canadian dollars, unless ...
UK’s First Educational Cannabis Advertising Campaign
LONDON–For the first time ever, the Advertising Standards Authority (ASA) & Committees of Advertising Practice (CAP) has approved an educational cannabis message to be advertised in the public domain - a big step forward for ...
Elegance Brands Launches Self-Distribution Company In Southern California
LOS ANGELES–Elegance Brands, Inc, a beverage company with a focus on innovation, announced today the launch of its own self-distribution company – aptly named "Elegance Distribution Company" – to distribute Elegance Brands products throughout Los ...
Next Green Wave Releases Q1 2021 Results and Launches New Product
VANCOUVER, B.C.–Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF), a premium seed-to-shelf craft cannabis producer, announces the following operational and financial updates: Product Launch Last week, the Company made its first sale of its brand ...
Heritage to Acquire Bloom Brands Of California
TORONTO–Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF), is pleased to announce that it has entered into a non-binding letter of intent to purchase all of the issued and outstanding common shares of California based ...
Simpson Foundation Announces Successful Product Launch of Rick Simpson Oil (RSO)
SAN FRANCISCO–Simpson Foundation, Inc, which operates, and partners with university research centers across the United States, is pleased to announce their lab tested, A-grade formula of Rick Simpson Oil (RSO). Famously favored California Rick Simpson ...
GrowGeneration Launches E-Commerce Platform, Introduces Buy Online, Pick Up in Store
DENVER–GrowGeneration Corp. (NASDAQ: GRWG), a chain of specialty hydroponic and organic garden centers, today announced the launch of GrowGeneration.com. The company's newly redesigned e-commerce platform now includes the option to Buy Online Pickup in Store. ...
Native Roots Launches Clean Stock Program in Colorado With Front Range Biosciences
BOULDER–Front Range Biosciences, a cannabis and hemp genetics platform company, announced today plans to begin a partnership with Colorado's leading medical and adult use cannabis operator, Native Roots Cannabis Co. Under the agreement, Native Roots ...
Choom Announces Q3 2021 Results
VANCOUVER, B.C.– Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF), a fast-expanding Canadian retail cannabis Company is pleased to report its financial and operating results for Q3 2021, ending March 31, 2021. Q3 Financial Highlights: Q3 2021 Revenue ...
WeedMD and CannTx Life Sciences Create a Cannabis Cultivation and Consumer Product Portfolio
TORONTO– WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE), a federally licensed producer and distributor of medical-grade cannabis is pleased to announce it has signed a Letter of Intent to acquire all of the issued and outstanding shares of renowned ...
Emerald Health Therapeutics Reports 2021 First Quarter Financial Results
VANCOUVER, B.C., Emerald Health Therapeutics, Inc. (CSE: EMH) (OTCQX: EMHTF) released its financial results for the three months ended March 31, 2021. "In the year to date, our renewed business plan has become more visibly ...
Harborside Announces Agreement to Acquire Sublime for US$43.8 Million
OAKLAND, CA– Harborside (CSE: HBOR) (OTCQX: HBORF) a California-focused, vertically integrated cannabis enterprise, today announced it has signed a definitive agreement to acquire 100% of the issued and outstanding equity of Sublimation Inc. whose brand ...
