Democratic presidential candidate Sen. Bernie Sanders of Vermont unveiled a plan to legalize cannabis and expunge convictions for marijuana offenses on Thursday, releasing a blueprint of his plan at exactly 4:20 in the afternoon. Sanders said in a statement about the plan that it is time for the nation... Read more
The median acreage planted by U.S. hemp operations decreased between 2018 and 2019 while the average size increased – a trend driven by both the risks and opportunities associated with hemp production. According to the 2019 Hemp & CBD Industry Factbook, the number of small-scale growers operating in the... Read more
Acreage Holdings and GreenAcreage Announce $70+ Million Sale-Leaseback Transactions NEW YORK, Oct. 25, 2019 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage Holdings” or “Acreage”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) and GreenAcreage Real Estate Corp. (“GreenAcreage”), an independent real estate investment trust, today announced the closing of a series... Read more
Ohio-based Green Growth Brands lost $64 million last fiscal year but says it has a clear path to profitability as it enters the holiday shopping season with a nationwide network of CBD retailers in conventional malls. The company attributed its losses to higher-than-expected spending on building out a chain... Read more
Zenabis Announces Rights Offering to Raise Up To $20.8 Million Founding Shareholders and Insiders Commit to Strong Participation VANCOUVER, Oct. 24, 2019 /CNW/ – Zenabis Global Inc. (TSX:ZENA) (“Zenabis” or the “Company”) announces that it will be offering rights (the “Rights Offering”) to holders of its common shares (“Common... Read more
HEXO Corp aligns its operations with its 2020 expectations, reduces cost structure GATINEAU, Quebec, Oct. 24, 2019 (GLOBE NEWSWIRE) — HEXO Corp (“HEXO” or the “Company”) (TSX:HEXO; NYSE:HEXO) announced today it has taken steps to reduce its workforce. The Company is rightsizing its operations to adjust to a changing... Read more
HEXO Corp announces $70 million private placement of convertible debentures led by Directors, CEO, and long-term shareholders; reschedules FY 2019 earnings call GATINEAU, Quebec, Oct. 23, 2019 (GLOBE NEWSWIRE) — HEXO Corp (“HEXO” or the “Company”) (TSX:HEXO; NYSE:HEXO) today announced that it has entered into subscription agreements with a... Read more
Coverage of the Benzinga Cannabis Capital Conference in Chicago From coast to coast– and everywhere in between –Cannabis MSOs are creating expansive footprints in the United States. Six different cannabis MSO leaders spoke at the Benzinga Cannabis Capital Conference in Chicago about a wide range of industry topics, including... Read more
Innovative Industrial Properties Acquires Florida Property and Expands Real Estate Partnership with Trulieve Cannabis Corp. SAN DIEGO, October 23, 2019 — (Business Wire) — Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S.... Read more
