MedMen Closes Senior Secured Convertible Financing and Provides Additional Corporate Updates Announces closing of US$12,500,000 convertible note financing under existing Gotham Green credit facility Expands funding capacity under facility from US$250,000,000 to US$285,000,000 Receives final US$7,000,000 payment from divestiture of non-core Illinois cultivation asset, resulting in US$17,000,000 in total... Read more
MediPharm Labs Reports Fourth Quarter and Full Year 2019 Results 2019 Revenue $129 Million, Adjusted EBITDA1 $25 Million Q4 2019 Revenue $32 Million, Adjusted EBITDA1 $3 Million Year-end Cash and Equivalents of $39 million BARRIE, Ontario, March 30, 2020 (GLOBE NEWSWIRE) — MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) (“MediPharm Labs”... Read more
HEXO Corp reports second quarter fiscal 2020 financial results Key Operating Highlights Net Revenue increased 17% to $17.0M from $14.5M in Q1 Adult-use grams and gram equivalents sold increased 57% to 6,579 kg compared to prior quarter Production levels increased to 22,305 kg from 16,107 kg in the previous... Read more
The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis stocks that generate industry sales of more than US$7.5 million per quarter (C$10.5 million). This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay... Read more
The Drug Enforcement Administration (DEA) is finding itself in court over marijuana again after scientists filed a lawsuit against the agency, requesting “secret” documents that they allege DEA used to delay action on expanding cannabis research. The Scottsdale Research Institute (SRI) is behind the suit. It’s one of more... Read more
As the new coronavirus continues to spread through the U.S., one of the country’s leading advocacy groups for marijuana legalization is warning consumers to stop passing joints and to beware of online misinformation, including “any claims cannabis or CBD can help cure or protect against this virus.” “As long... Read more
The Drug Enforcement Administration (DEA) is finding itself in court over marijuana again after scientists filed a lawsuit against the agency, requesting “secret” documents that they allege DEA used to delay action on expanding cannabis research. The Scottsdale Research Institute (SRI) is behind the suit. It’s one of more... Read more
The parent company of High Times announced a major expansion into the cannabis growing and processing industry on Friday, saying it has begun the process to acquire California-based cannabis holding company Humboldt Heritage Inc. and its subsidiaries Humboldt Sun Growers Guild and Grateful Eight LLC. Hightimes Holding Corp. said... Read more
The continuing pandemic of the COVID-19 coronavirus has sparked panic buying in countries around the globe, leading to shortages of toilet paper, cleaning supplies, and some grocery items. Cannabis retailers have also seen a spike in sales, with long lines of customers eager to stock up on their favorite... Read more

The cannabis industry has been extremely up and down over the course…

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