GrowGeneration Corp. Approved to Begin Trading on Nasdaq Stock Exchange DENVER, Nov. 25, 2019 /PRNewswire/ – GrowGeneration Corp. (NASDAQ: GRWG), (“GrowGen” or the “Company”) the largest chain of specialty retail hydroponic and organic garden centers, with currently 25 locations, is pleased to announce that its common shares have been... Read more
Green Growth Brands Significant Revenue Growth Driven by CBD Retail Expansion Total first quarter fiscal 2020 revenues increased 77% quarter-over-quarter to $12.7 million Well-positioned for upcoming holiday season with network of 193 CBD shops COLUMBUS, OH, Nov. 25, 2019 /PRNewswire/ – Green Growth Brands Inc. (GGB or the Company)... Read more
Planet 13 Announces Third Quarter 2019 Financial Results Q3 Revenue of $16.7 million, $47.1 million for the nine months ended September 30, 2019 SuperStore accounted for 9.1% of all Nevada cannabis dispensary revenue in Q3 20191 Q3 EBITDA of $3.4 million, 24% sequential growth over Q2 2019 Well capitalized... Read more
Federal CBD delays hurting profits and shelf space for manufacturers, companies say
CBD manufacturers have seen wide adoption of their products into mainstream retail chains in recent months, so why aren’t they turning profits as rapidly as expected? The federal government is the culprit, according to some. CV Sciences and Charlotte’s Web are among the cannabis companies that pointed to delayed... Read more
As the marijuana legalization movement presses forward, many eyes are turned to the Northeast, where legislative stalemates over reform have derailed several recent attempts to change state cannabis laws. But in Pennsylvania, advocates are seeing clear signs that the tide is rapidly changing, with Gov. Tom Wolf (D) recently... Read more
Organigram Reports Fourth Quarter and 2019 Fiscal Year Results 2019 net revenue grew 547% to $80.4 million from $12.4 million in 2018 2019 gross margin before fair value changes to biological assets and inventory grew 575% to $37.9 million or 47% of net revenue from $5.6 million or 45%... Read more
Aurora Cannabis Announces Pricing of Early Amended Conversion Privilege for Convertible Debentures EDMONTON, Nov. 25, 2019 /CNW/ – Aurora Cannabis Inc. (the “Company” or “Aurora”) (NYSE │ TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced today that the Company has received notice from holders of the Company’s CAD$230 million 5% unsecured,... Read more
Charlotte’s Web Announces C$66,250,000 Underwritten Public Offering BOULDER, CO, Nov. 25, 2019 /CNW/ – Charlotte’s Web Holdings, Inc. (“Charlotte’s Web”, or the “Company”) (TSX:CWEB, OTCQX:CWBHF), the market leader in hemp CBD extract products, announces today that it has entered into an agreement with Canaccord Genuity Corp. (the “Lead Underwriter”),... Read more
Senate Majority Leader Mitch McConnell (R-KY) met with the nominee to become the next Food and Drug Administration (FDA) commissioner on Wednesday and discussed the need for a regulatory framework for CBD products. While there are few specific details available about their conversation, McConnell said he emphasized the importance... Read more
Senate Majority Leader Mitch McConnell (R-KY) met with the nominee to become the next Food and Drug Administration (FDA) commissioner on Wednesday and discussed the need for a regulatory framework for CBD products. While there are few specific details available about their conversation, McConnell said he emphasized the importance... Read more
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