A team of Italian researchers has found that daily use of a cannabis extract reduced pain and other symptoms caused by burning mouth syndrome. Results of the study, “Evaluating the suitability and potential efficacy of cannabis sativa oil for patients with primary Burning Mouth Syndrome: A prospective, open-label, single-arm... Read more
California-based cannabis supply distributor Hydrofarm has filed a preliminary prospectus for up to a $100 million IPO. The company intends to list on the NASDAQ with the trading symbol HYFM. Named underwriters include J.P. Morgan, Stifel, Deutsche Bank Securities, Truist Securities and William Blair. Hydrofarm operates across Canada and the... Read more
Village Farms International Reports Third Quarter 2020 Financial Results – Pure Sunfarms Delivers Seventh Consecutive Profitable Quarter, Nearly Tripling Net Income Sequentially on a 75% Sequential Net Sales Increase as Produce Business Continues Strong Performance – Pure Sunfarms Brand Achieves 15.2% Dried Flower Market Share (by Volume) with OSC in... Read more
Zenabis Announces Third Quarter 2020 Financial Results Q3 2020 net revenue from the Cannabis segment increased 61% to $19.0 million from $11.8 million in Q2 2020 Q3 2020 kilograms of cannabis sold increased 98% to 7,819 kg from Q2 2020 Q3 2020 Adjusted EBITDA of $3.5 million; third consecutive... Read more
Illinois legislators are considering adding more cannabis shop licenses to the state. This new plan, if approved, could as much as double the number of shops that exist so far. There is currently some stagnation in the process, as the lottery system to determine who the next 75 licenses... Read more
Charlotte’s Web Holdings Reports Q3-2020 Results A return to organic quarterly growth BOULDER, Colo., Nov. 12, 2020 /CNW/ – (TSX: CWEB) (OTCQX: CWBHF), Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”) the market share leader in full spectrum cannabidiol (CBD) hemp extract wellness products, today reported financial results... Read more
Oregon cannabis tax revenue numbers are currently up as of this quarter, with the area seeing an increase of 45 percent for the first quarter of the 2021 fiscal year over the first quarter of 2020. This most recent quarter, which began on July 1, brought in $46.9 million... Read more
Even as historically conservative states have embraced legalization, reefer madness is alive and well in Nebraska. At least with the state’s governor, Pete Ricketts, who on Tuesday once again sounded the alarm on something that a growing majority of the country is cool with. “Well, we’ve certainly seen in... Read more
Green Thumb Industries Reports Revenue of $157.1 Million and Positive Net Income of $9.6 Million or $0.04 Per Share for Third Quarter 2020 Adjusted Operating EBITDA increased 50 .2 % to $53 .2 million , or 3 3.9 % of revenue , quarter-over-quarter driven by continued operational scale and... Read more
GrowGeneration Reports Record Third Quarter 2020 Financial Results Record Revenues of $55.0 Million, Adjusted EBITDA of $6.6 Million, and Pre-Tax Net Income of $5.1 Million 2020 full-year revenue guidance increased to $185-$190 million 2020 full-year adjusted EBITDA guidance updated to $19.0 million-$20.0 million 2020 full-year GAAP pre-tax net income... Read more
