New York doesn’t look or smell different since the state legalized adult-use cannabis in April. New Yorkers are still puffing pot openly on the sidewalks, just like they were before. But big changes are coming. Legalization is projected to produce not just truckloads of legal weed, but tens of thousands... Read more
Saucey Farms & Extracts, a boutique weed brand, is coming together with a hip hop icon to form what the new company is trumpeting as “a cannabis industry leader for the post-prohibition era.” Under the deal announced on Tuesday, Saucey Farms & Extracts will enter into an agreement with... Read more
Lawmakers in the Show Me State just passed a bill that will help with an unfair Missouri cannabis tax law that medical cannabis businesses have been complaining about. If the governor signs off, this will be a huge step for the industry and the state. Missouri lawmakers passed this bill... Read more
Power REIT Signs Agreement to Acquire 522,530 Square Foot Greenhouse Cultivation and Processing Facility for $18.5 Million Greenhouse will be Operated as a Michigan Regulated Cannabis Cultivation and Processing Facility and will be the Largest of its kind in Michigan and one of the Largest in the United States... Read more
TILT Holdings Reports Record First Quarter 2021 Financial Results Record Q1 Revenue of $46.8 Million up 15% YoY and 11% QoQ Record Adjusted EBITDA of $6.2 Million up 28% YoY and 36% QoQ Reiterates 2021 Guidance of Revenue Between $205 – $210 Million and Adjusted EBITDA Between $30 -$32... Read more
The Valens Company Announces CDN$40 Million Bought Deal Offering of Units KELOWNA, BC, May 25, 2021 /CNW/ – The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the “Company”, “The Valens Company” or “Valens”), a leading manufacturer of cannabis products, is pleased to announce that it has entered into an... Read more
A bipartisan group of attorneys general from eight U.S. states and the District of Columbia has sided with cancer patients in a lawsuit against the federal Drug Enforcement Administration (DEA) that seeks legal access to psilocybin, a compound found in psychedelic mushrooms, for end-of-life care. The patients and Seattle-based... Read more
The Drug Enforcement Administration made a milestone announcement earlier this month with the news that the DEA will begin granting marijuana cultivation licenses to various third-party applicants, significantly expanding medical and scientific cannabis research in the United States. The announcement came on May 14, with the Administration saying it... Read more
4Front Ventures Reports First Quarter 2021 Financial Results and Provides Business Update Q1 2021 Systemwide Pro Forma Revenue of $31.4 million, an increase of 26% over Q4 2020 Q1 2021 Adjusted EBITDA of $5.9 million, representing an Adjusted EBITDA Margin of 19% Reiterated FY2021 guidance for Systemwide Pro Forma... Read more
