urban-gro, Inc. Reports Record Fourth Quarter and Full Year 2021 Financial Results and Provides 2022 Full Year Guidance Record fourth quarter revenue of $19.0 million, representing growth of 106% compared to the prior year period; organic revenue growth was 77.6%, excluding contribution from the 2WR+ acquisition. Full year 2021... Read more
The Valens Company Announces Approximately USD$22.5 Million Bought Deal Offering of Units KELOWNA, BC, March 29, 2022 /CNW/ – The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS) (the “Company”, “The Valens Company” or “Valens”), a leading manufacturer of cannabis products, is pleased to announce that it has entered into... Read more
South Dakota Gov. Kristi Noem kept up her anti-cannabis posture last week, vetoing a bill that would have removed old pot-related charges from criminal background checks. The legislation, one of three bills that the first-term Republican vetoed on Friday, would have automatically removed certain cannabis charges from a defendant’s... Read more
Warrants are out in Washington for a pair of teenaged boys allegedly involved in an armed robbery of a cannabis dispensary in the state that left an employee dead, as well as a number of other armed robberies in the area. The Chronicle newspaper reports that Montrell Hatfield, 16,... Read more
On March 24, the Michigan Department of Treasury announced that $42.2 million in cannabis excise tax funds will be given to various cities, townships and counties in Michigan. These funds were collected during the 2021 fiscal year, with eligible municipalities and counties receiving funds for having retail stores or... Read more
Planet 13 Announces Q4 and Full Year 2021 Financial Results Q4 2021 revenue of $29.9 million, up 48% compared to Q4 2020 Q4 2021 net loss of $5.1 million, compared to net loss of $18.2 million in Q4 2020 Q4 2021 Adjusted EBITDA1 of $1.9 million Full year 2021... Read more
An interesting legal fight has now broken out in Bermuda as the island grapples with finding the best way forward on cannabis reform. As of last week, legislation intended to create the first guidelines for the local industry—the Cannabis Licensing Act, allowing both recreational use and creating a regulated... Read more
Three months after Malta became the first country in the EU to federally legalize recreational cannabis use and remove all penalties for possession, Medcann World Forum places the spotlight on Malta again, its medical cannabis legislation and business-friendly environment, and highlights why the country is quickly becoming the leader... Read more
Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more. Summary The Senate passed a cannabis bill, while the House prepares to vote on the MORE Act next week. 420 Investor model portfolios have returned 7.3% to... Read more
Applications were accepted starting in November 2021, and the first licenses were granted earlier this month. One such business, Tetra Lounge which is located in downtown Denver, is both a social equity applicant and a soon-to-be owner of a hospitality license (once the proper inspections have been completed), as... Read more
