After outperforming the overall cannabis market in September, the American Cannabis Operator Index fell for the eighth straight month after having scored five straight monthly gains, declining 11.6% to 48.14: During Q3, the index lost 22.8%. After gaining 45.7% in 2020, when it ended at 63.05, the index is down 23.7%... 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 Financial reports continued to point to a slowing of capital spending during Q3 and Q4. Health Canada added 7 new licenses, leaving the total now at... Read more
After breaking a three-month losing streak with a 1% gain in June and then retreating almost 27% in Q3, the Canadian Cannabis LP Index extended its losing streak to four months as it fell sharply again in October, declining 9.5% to 238.48: The index, which fell 30.1% in 2020 to... Read more
HEXO Reports Fourth Quarter and Fiscal Year 2021 Financial Results Highlighting Strong Growth Total net sales growth of 71% quarter-over-quarter and 43% from Q4’20, marking HEXO’s best quarter of sales to date. Total Q4’21 net revenue increased to $38.7 million from $22.6 million in Q3’21 Total net revenue for... Read more
The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay up to date. Companies must file with the SEC or SEDAR and be current... Read more
Regulators in Montana last week issued a slate of proposed rules for the state’s coming recreational marijuana marketplace, and cannabis advocates are excited to get started. Pot sales for adults aged 21 and older are scheduled to get underway on New Year’s Day in Big Sky Country, which means... Read more
Today Puffco announced the release of its latest product, a 3D Chamber designed to optimize user experience of the award-winning Puffco Peak Pro. The 3D chamber heats on all sides, fully enveloping the dab material evenly. Bringing the heat into the bowl itself—where the oil sits—results in bigger clouds,... Read more
According to Switzerland’s government agency in charge of public health and welfare, cannabis should no longer be banned but rather comprehensively regulated. As a result, the National Council now has the task of creating said framework and for an integrated medical and recreational infrastructure. The first city to kick... Read more
Josephine & Billie’s is celebrating its grand opening as the first social equity investment of The Parent Company by embracing minority brands and creating a retail store that welcomes all demographics. On October 28, The Parent Company’s first social equity corporate venture fund investment, Josephine & Billie’s, announced it... Read more
AFC Gamma Prices Offering of 5.750% Senior Notes Due 2027 WEST PALM BEACH, Fla., Oct. 28, 2021 (GLOBE NEWSWIRE) — AFC Gamma, Inc. (“AFC Gamma”) (Nasdaq: AFCG) announced today that it priced an offering (the “Offering”) of $100 million aggregate principal amount of 5.750% Senior Notes due 2027 (the... Read more
