Legal Affairs
Schwazze Nears Debt Restructuring Echoing Ayr Wellness Strategy
DENVER – Schwazze approaches a debt restructuring that closely follows the path set by Ayr Wellness, as financial strains push more companies in the sector toward creditor-driven asset reallocations. Ayr Wellness Inc., a Miami-headquartered MSO, ...
Cannabist Expands Ohio Footprint with Norwalk Dispensary Opening
NORWALK – The Cannabist Company marked a key step in its regional strategy by opening its first branded retail outlet in Norwalk, Ohio. The location represents the company's sixth storefront in the state and introduces ...
Medical Cannabis Finds Favor Among Seniors Across Continents
LEIPZIG, WASHINGTON – Medical Cannabis adoption among older populations is accelerating, with recent data from Germany and the United States illustrating parallel trends in usage for chronic and age-specific conditions. In Germany, following partial legalization ...
Will Hope Fuel Cannabis Industry Growth Beyond Q2 2025?
LOS ANGELES – If you’ve been scrolling through the latest updates on the Highly Capitalized Network’s website or LinkedIn, you’ve likely caught the wave of Q2 2025 earnings reports sparking cautious optimism across the Cannabis ...
TerrAscend Reports Q2 2025 Financial Results
TORONTO – TerrAscend Corp. released its financial results for the second quarter of 2025, highlighting stable performance and strategic shifts. The company reported net revenue of $65 million, a slight decline from $67.2 million in ...
Ascend Wellness Holdings Reports Q2 2025 Financial Results
NEW YORK – Ascend Wellness Holdings, Inc., a multi-state Cannabis operator, shared its financial performance for the second quarter of 2025, confirming steady performance, a fortified balance sheet, and ongoing retail growth. The company recorded ...
Cronos Group Inc Reports Q2 2025 Financial Results
TORONTO – Cronos Group Inc., a Canadian cannabinoid company with an international outreach, reported its Q2 2025 financial results, showcasing a 21% year-over-year increase in net revenue, reaching $33.5 million. The growth was primarily driven ...
Schwazze Nears Debt Restructuring Echoing Ayr Wellness Strategy
DENVER – Schwazze approaches a debt restructuring that closely follows the path set by Ayr Wellness, as financial strains push more companies in the sector toward creditor-driven asset reallocations. Ayr Wellness Inc., a Miami-headquartered MSO, ...
Cannabist Expands Ohio Footprint with Norwalk Dispensary Opening
NORWALK – The Cannabist Company marked a key step in its regional strategy by opening its first branded retail outlet in Norwalk, Ohio. The location represents the company's sixth storefront in the state and introduces ...
Medical Cannabis Finds Favor Among Seniors Across Continents
LEIPZIG, WASHINGTON – Medical Cannabis adoption among older populations is accelerating, with recent data from Germany and the United States illustrating parallel trends in usage for chronic and age-specific conditions. In Germany, following partial legalization ...
Maryland Launches Social Equity-Focused Adult-Use Cannabis Licensing
LOS ANGELES- Maryland has officially opened the first round of its adult-use cannabis licensing process, marking a significant step forward in the state's cannabis industry. In a move to promote social equity, this initial phase ...
AYR Wellness Financial Performance in Q3 2023
NEW YORK– AYR Wellness Inc. U.S. multi-state cannabis operator, has disclosed its financial results for the third quarter ending September 30, 2023. The company reported a revenue increase of 5% year-over-year to $114.4 million, excluding ...
Florida High Court Favoring Voter Decision on Cannabis Legalization
NEW YORK– In a significant development for cannabis legalization advocates in Florida, the state's Supreme Court appears inclined to permit a proposal for adult-use cannabis legalization to reach voters next year. This move would mark ...
AI in Cannabis Cultivation: Navigating the Future of Efficiency and Craftsmanship
NEW YORK– The cannabis industry, long characterized by its blend of traditional cultivation methods and pioneering spirit, is now on the verge of a technological transformation. The integration of Artificial Intelligence (AI) into cannabis production ...
FDA Submission of MDMA-Assisted Therapy Application Aims to Advance Mental Health Landscape
NEW YORK- In a landmark move, MAPS Public Benefit Corporation (MAPS PBC), a subsidiary of the notable Multidisciplinary Association for Psychedelic Studies (MAPS), has officially lodged a new drug application with the U.S. Food ...
Cresco Labs Delivers Q3 2023 Results, Execution of Core Market Strategy
NEW YORK– Cresco Labs Inc., a player in the cannabis industry, has unveiled its third-quarter financial and operating results for the period ending September 30, 2023. A leader in branded cannabis products and the operator ...
Ohio Governor Seeks Amendments to Voter-Approved Cannabis Legalization
LOS ANGELES— Ohio Governor Mike DeWine has called on state lawmakers to revise the recently approved cannabis legalization measure before its enactment on December 7. Despite his respect for the democratic process, as reported by ...
Cybin Inc. Secures $30 Million in Funding, Strengthening Pathway for Psychedelic-Based Mental Health Treatments
LOS ANGELES— Cybin Inc., a prominent clinical-stage biopharmaceutical company, has successfully closed its substantial underwritten offering, amassing US$30 million to propel its mission of transforming mental healthcare with next-generation psychedelic treatments. The company issued 66,666,667 ...
Clearmind Medicine Partners with Johns Hopkins and Yale for Pioneering Alcohol Use Disorder Clinical Trial
Tel Aviv— Clearmind Medicine Inc., a trailblazer in psychedelic drug development, has announced a significant milestone in its journey to address Alcohol Use Disorder (AUD). The company has entered into a Clinical Trial Agreement with ...
Goodness Growth Holdings Poised for New York Market Exit Amid Financial Turnaround
NEW YORK— Goodness Growth Holdings Inc, a cannabis company, is navigating a challenging financial landscape with a firm goal to exit the New York market by the end of the year. The Minnesota-based multistate operator, ...
Massachusetts Governor Introduces Veteran-Focused Legislation Including Psychedelic Research
BOSTON — In a landmark move, Massachusetts Governor Maura T. Healey has filed a comprehensive legislative package aimed at enhancing benefits and services for the state's military veterans. Dubbed the Act Honoring, Empowering and Recognizing Our ...
Red Light Holland’s Psilocybin Capsules Prove Stable in Extended Testing, Eyeing Global Markets
LOS ANGELES- Red Light Holland Corp., has announced significant advancements in their natural psilocybin microdosing capsules. Developed from psilocybin truffles grown on the company’s farm in the Netherlands, these capsules have successfully passed a four-month ...
Missouri Clears Nearly 100,000 Cannabis Convictions, Embracing Historic Reform and Justice
LOS ANGELES- Missouri has made significant strides in criminal justice reform related to cannabis, as reported by KMBC 9. Following the approval of an adult-use cannabis constitutional amendment by voters last year, the state has ...
Glass House Brands Inc. Record in Q3 2023
LOS ANGELES- Glass House Brands Inc., a player in the cannabis industry, announced its financial achievements for the third quarter ending September 30, 2023, marking a period of substantial growth and operational efficiency. "The third ...
Tilt Holdings Inc. Reports Revenue Growth in Q3 Amidst Strategic Refinements
LOS ANGELES- Tilt Holdings Inc. a diversified cannabis industry player, has reported a significant increase in revenue for the third quarter ending September 30, as the company continues to navigate its path to financial stability. ...
Navigating Co-Investments in the Cannabis Industry: A Strategic Guide for Family Offices
NEW YORK-Family offices operating in the cannabis industry often view co-investing as a pivotal component of their investment strategy. When executed thoughtfully, these collaborations not only spread the risk associated with cannabis investments but also ...
Could Florida Be Next To Legalize Recreational Cannabis?
MIAMI--In a pivotal legal confrontation within Florida's capital, advocates and critics of recreational cannabis found themselves before the Florida Supreme Court in Tallahassee on Wednesday. Tasked with evaluating a proposal to include the legalization of ...
Virginia Cannabis Control Authority Highlights Risks and Proposes Regulations for Consumable Hemp Products
LOS ANGELES- The Virginia Cannabis Control Authority (CCA) recently published a comprehensive report mandated by the General Assembly on the state of consumable hemp products. The report highlights the surging popularity of these products, attributing ...
Alaska Lawsuit Challenges New DNR Regulation on Intoxicating Hemp Products as Unconstitutional
LOS ANGELES- A significant legal challenge has emerged in Alaska against a new regulation by the Department of Natural Resources (DNR) that restricts intoxicating hemp products. This lawsuit, filed by hemp growers and manufacturers, claims ...
National Psychedelics Reform Movement Gains Momentum Across the U.S.
LOS ANGELES- The movement for psychedelics reform in the United States is gaining significant traction, with numerous states considering decriminalization, legalization, or rescheduling proposals, as well as other measures to facilitate access to new therapies. ...
Optimi Health Corp. Successfully Resolves Supply Agreement Dispute
LOS ANGELES- Optimi Health Corp. a key player in the psychedelics sector, recently announced the amicable resolution of a dispute regarding the termination of a supply agreement with a private entity, initially signed on May ...
Curaleaf Announces Third Quarter 2023
LOS ANGELES- Curaleaf Holdings, Inc., a international cannabis consumer products company, has released its financial and operational results for the third quarter ending September 30, 2023. The company reported a modest revenue increase of 2% ...
Navigating the Cannabis Landscape: A Comprehensive Guide to Due Diligence for Investors
NEW YORK- The cannabis industry's unprecedented growth trajectory has positioned it as a lucrative investment landscape. However, the nascent nature of the sector, coupled with regulatory intricacies and market uncertainties, underscores the critical importance of ...
Ascend Wellness Holdings Reports Solid Financial Performance in Q3 2023″
LOS ANGELES-- Ascend Wellness Holdings (AWH), a leading cannabis multi-state operator with a presence in twenty states, has announced its financial results for the third quarter ending June 2023. The company has successfully met market ...
Vermont Halts New Large-Scale Cannabis Grower Licenses to Support Smaller Farms Amid Tough Agricultural Year
LOS ANGELES- In a strategic move to bolster smaller local cultivators, Vermont has announced a temporary suspension of issuing new licenses for large-scale cannabis growers. This decision was disclosed on Tuesday by state officials, marking ...
