Fire & Flower Announces Fiscal Third Quarter 2021 Financial and Operational Results Quarterly revenue increased 37% year-over-year to $45.4 million Sixth Consecutive Quarter of Positive Adjusted EBITDA of $2.1 million Hifyre™ Digital Retail and Analytics Platform generated $3.8 million in revenue for the quarter, an increase of 160% year-over-year Completed the acquisiton of... Read more
A legalization bill for Rhode Island is expected to be ready sometime during quarter one of 2022. Last week, Rhode Island Representative and House Speaker Joe Shekarchi mentioned the progress of a cannabis legalization bill for his state, which is almost ready to be introduced. Shekarchi was featured in... Read more
Visa recently issued a memo detailing a common scheme being used by businesses in the cannabis industry—“cashless ATM” point-of-sale (POS) transactions. Cashless ATM transactions take place when a merchant takes an order, rounds up the total to an even number, and then runs a transaction, miscoded as an ATM... Read more
Glass House Brands Secures US$100 Million Senior Secured Term Loan Non-Dilutive Capital to Fund Phased Retrofit of 5.5 Million Square Foot Cultivation Facility LONG BEACH, Calif. and TORONTO, Dec. 13, 2021 /CNW/ – Glass House Brands Inc. (“Glass House” or the “Company”) (NEO: GLAS.A.U) (NEO: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF), one of the fastest- growing, vertically-integrated... Read more
Fire & Flower Announces $30 Million Secured Debt Facility with Circle K Owner Alimentation Couche-Tard Financing demonstrates further alignment with strategic partner and enables execution of the consumer digital platform TORONTO, Dec. 13, 2021 /CNW/ – Fire & Flower Holdings Corp. (“Fire & Flower” or the “Company”) (TSX: FAF)... Read more
Curaleaf Announces $425 Million Private Placement Of 8% Senior Secured Notes Due 2026 WAKEFIELD, Mass., Dec. 13, 2021 /PRNewswire/ — Curaleaf Holdings, Inc. (CSE: CURA /OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer products in cannabis, today announced that it has received commitments for a... Read more
A top Rhode Island lawmaker on Thursday said that a bill to legalize marijuana in the Ocean State is nearly finalized, with just one major provision left to resolve following months of negotiations—and that he expects the issue to be resolved early in the new year. House Speaker Joe... Read more
Visa, the world’s second-largest card payment company, recently issued a compliance memo to customers warning them that miscoding point-of-sale transactions through the use of so-called cashless ATMs—a practice used by some cannabis retailers as a workaround to accept credit or debit cards for purchases—could lead to penalties or other... Read more
A toke before sleep is the key to shut-eye for many, but new research published this week suggests that may not be the case. The study, published Monday in The BMJ, sought to “determine the relationship between cannabis use and nightly sleep duration in a nationally representative dataset,” which... Read more
