MedMen Announces Layoffs and Overall Plan to Achieve Positive EBITDA Provides details on a five-part plan to reduce costs and accelerate its path towards profitability Announces sale of certain non-core assets for total aggregate proceeds of $22 million Company will be providing layoff notices to over 190 employees, including... Read more
ColorPoint currently grows 54,000 mother stock plants in its 2 million-square-foot, state-of-the-art, environmentally controlled and fully automated greenhouse facility. The mothers are used to produce clones for the network of farmers growing outdoors for AgTech Scientific and for indoor flower production in the greenhouse year-round. ColorPoint currently grows 54,000... Read more
Support for legalizing marijuana grew again this year, with just over two-thirds of Americans in favor of the policy, according to a Pew Research Center poll that was released on Thursday. The survey, which involved phone interviews with about 9,900 adults from September 3-15, found that 67 percent of... Read more
Support for legalizing marijuana grew again this year, with just over two-thirds of Americans in favor of the policy, according to a Pew Research Center poll that was released on Thursday. The survey, which involved phone interviews with about 9,900 adults from September 3-15, found that 67 percent of... Read more
The founder of Cirque du Soleil says it was all for personal use, but it is unclear if the government of French Polynesia cares. 60-year-old Guy Laliberté is being investigated in conjunction with a drug trafficking case after police saw photos on a man’s cell phone of the billionaire’s... Read more
Nestled between the Indian and Pacific oceans is the largest island country on the planet – Indonesia. Home to more than 240 million people, the sun-drenched archipelago is rich in culture, brimming with nature and suffused with a culinary scene that rivals most. If there is one thing that... Read more
John Collins, director of Pennsylvania’s Office of Medical Marijuana, said this week that the state’s medical marijuana program has generated more than $500 million in revenue from medical cannabis sales. A couple points of reference to underscore how impressive that figure is: Colorado only just passed the $1 billion... Read more
An Illinois state senator is the subject of an investigation by state officials who are probing her role in a cannabis company she operates. The investigation into Sen. Patricia Van Pelt by the office of Secretary of State Jesse White was reported by television station WGN on Wednesday afternoon.... Read more
While there are still a number of big hurdles to clear before recreational weed becomes legal in Florida, that possibility is looking more and more likely. Currently, there are three proposals calling for legalization. One of them, being proposed by Make it Legal Florida, has just hit its first... Read more
Aurora Cannabis Announces First Quarter 2020 Results & Corporate Action Plan Reports Industry Leading Gross Profit of $53.7 Million and 58% Cannabis Gross Margin Delivers Best-in-Class Indoor Cash Cost to Produce of $0.85 per gram Announces Plan to Settle March 2020 5.0% Convertible Debentures Revises Capital Expenditure Plan to... Read more
