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
Job applicants seeking employment with the city of Cincinnati may soon no longer have to face a drug test for marijuana. That is the underlying motivation behind a pair of proposals being considered by the Cincinnati city council, which this week heard arguments over how the city government treats... Read more
The Michigan State Police has created a new unit to investigate and prosecute medical professionals who illegally prescribe opioids in the state. The new Diversion Investigation Unit was formed this summer after Democratic Gov. Gretchen Whitmer issued an executive order in August that created the Michigan Opioids Task Force.... Read more
NEW YORK (AP) — California and New York City sued the U.S. Postal Service on Tuesday to stop tens of thousands of cigarette packages from being mailed from foreign countries to U.S. residents, saying the smugglers are engaging in tax evasion while postal workers look the other way. The... Read more
