Federal health regulators say the lack of scientific data about cannabidiol explains their delay issuing new guidance on over-the-counter CBD. The U.S. Food and Drug Administration continues to accept comments on hemp- and cannabis-derived ingredients, months after the comment period closed, according to Sharon Lindan Mayl, senior policy adviser in... Read more
(Click on the orange arrows to advance the slideshow.) The MJBizDaily Awards recognize excellence and impact in the cannabis industry. At this year’s MJBizCon in Las Vegas, we will celebrate the individuals and companies that propel the cannabis industry forward. Set for the evening of Dec. 12 at The Cosmopolitan, the inaugural MJBizDaily... Read more
iAnthus Reports Fiscal Third Quarter 2019 Financial Results Pro-Forma Revenues of $30.9 million¹, 23% Growth over Second Quarter Reported revenues of $22.3 million, up 16% from the prior quarter Pro-forma revenues were $30.9 million¹, up 23% from the prior quarter Retail revenues increased 28% from the second quarter, driven... Read more
TILT Holdings Announces Closing of Additional US$10.2M, as Previously Announced Shareholder Backed Financing is Oversubscribed Additional Capital Will Drive Growth of Core Assets CAMBRIDGE, Mass., Nov. 21, 2019 (GLOBE NEWSWIRE) — TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQB: TLLTF), a foundational technology cannabis platform comprised of... Read more
The new national hemp rules from the U.S. Department of Agriculture (USDA) are out, and they could bring big changes for your hemp business. Hemp Industry Daily Editor Kristen Nichols sat down Tuesday to field questions about the upcoming changes to the USDA hemp rules. Topics discussed include: THC... Read more
TerrAscend Announces Strong Revenue Growth and Margin Improvement for the Third Quarter of 2019 Third quarter revenue of $26.8 million, an increase of 53% from $17.6 million in the second quarter and compared with $1.8 million in the third quarter of 2018 Improved gross profit margin to 26.1% from... Read more
Green Thumb Industries (GTI) Reports Increased Third Quarter Revenue of $68 Million and Adjusted Operating EBITDA of $14.1 Million Third quarter revenue increased 296% year-over-year Expect to generate over $200 million in total revenue for fiscal year 2019 Retail expansion on pace with four new Rise™ stores opened during... Read more
TILT Holdings Reports Third Quarter Revenue of US$46.1M, Positive Adjusted EBITDA of US$2.7M Third Quarter Revenue Increased 18% Over the Second Quarter of 2019 Positive Third Quarter Adjusted EBITDA of US$2.7M Marks Turning Point for Company CAMBRIDGE, Mass., Nov. 20, 2019 (GLOBE NEWSWIRE) — TILT Holdings Inc. (“TILT” or... Read more
Harvest Health & Recreation Inc. Reports Third Quarter 2019 Financial Results — Total revenue for the third quarter was $33.2 million, up 197% from the third quarter 2018 and 25% sequentially (all dollars are U.S. dollars unless otherwise noted) — Revenue growth was driven by new and acquired retail... Read more
