Green Growth Brands Inc. Announces $102M Backstop Commitment From Key Stakeholders COLUMBUS, OH, Aug. 14, 2019 /CNW/ – Green Growth Brands Inc. (CSE:GGB) (OTCQB:GGBXF) (the “Company” or “GGB”) announced today that it has entered into backstop commitment letters with each of All Js Greenspace LLC, Park Lane Capital Limited,... Read more
Aurora Cannabis Announces Upsizing of Credit Facility to Approximately C$360 Million (US$280 Million) Broader Lending Syndicate Introduced to Fund Strategic Growth Initiatives EDMONTON, Aug. 15, 2019 /PRNewswire/ – Aurora Cannabis Inc. (“Aurora or the “Company”) (NYSE | TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced today that... Read more
Harvest Health & Recreation, Inc. Reports Second Quarter 2019 Financial Results. Total revenue for the second quarter was $26.6 million, up 39% from the first quarter 2019 (all dollars are U.S. dollars) Adjusted EBITDA for the second quarter totaled ($2.2) million PHOENIX, August 15, 2019–(BUSINESS WIRE)–Harvest Health & Recreation,... Read more
The heads of five federal financial regulatory agencies have replied to a letter from Sen. Michael Bennet (D-CO) that requested clarification on banking services hemp businesses. The responses, which Bennet’s office provided exclusively to Marijuana Moment, each recognize that hemp was legalized through the 2018 Farm Bill—meaning the rules... Read more
The heads of five federal financial regulatory agencies have replied to a letter from Sen. Michael Bennet (D-CO) that requested clarification on banking services hemp businesses. The responses, which Bennet’s office provided exclusively to Marijuana Moment, each recognize that hemp was legalized through the 2018 Farm Bill—meaning the rules... Read more
A 15-person panel in Alabama convened for the first time Tuesday to consider whether medical marijuana is right for the state. The panel, known as the Medical Cannabis Study Commission, was born out of a bill to legalize medical cannabis that was introduced in the Alabama state legislature earlier... Read more
The booming CBD industry is eagerly waiting to see if U.S. health regulators change course and start allowing cannabinoid treatments in food and dietary supplements. Many are hoping the U.S. Food and Drug Administration (USDA) will condone over-the-counter CBD products while setting production and purity standards to eliminate inferior... Read more
Exclusive Interview with HEXO Co-Founder and CEO Sebastien St.-Louis HEXO (TSX: HEXO) (NYSE: HEXO) has a plan to become a top-three global cannabis player over the coming years. Co-Founder and CEO Sébastien St-Louis spoke with New Cannabis Ventures about the strategy to build partnerships with Fortune 500 companies, HEXO’s technology... Read more
Canopy Growth drives revenue with 94% increase in recreational dried cannabis sales in first quarter of fiscal 2020 Adjusted EBITDA up more than $5M (CDN) versus prior quarter; Company positioned to bring CBD products to U.S. market by end of fiscal 2020; Record harvest of over 40,000 kg KEY... Read more
