Tilray, Inc. Reports 2020 Third Quarter Results Total Revenue of $51.4 Million was Flat Versus Q3 2019 and Up 2.0% Compared to Q2 2020 – Excluding Bulk Sales in the Prior Year Period, Total Revenue Increased 25% Total Annualized Savings of Approximately $55 Million to be Achieved by Q4... Read more
Canopy Growth Reports Second Quarter Fiscal 2021 Financial Results Achieved record quarterly net revenue of $135 million Net Loss of $97 million; Adjusted EBITDA loss of $86 million, a 43% improvement versus Q2 FY20 Implementing initiatives to capture $150-$200 million of savings across our cost structure Increased market share... Read more
Functional fungi company Psyched Wellness announced recently that the company has been listed on the Canadian Securities Exchange, bolstering its bid to bring mushroom-derived products with legal psychedelic compounds to the consumer market. The company is being traded under the ticker symbol PSYC on the CSE, with shares closing... Read more
A new study published this week shows that psilocybin can be an effective and quick-acting treatment for major depressive disorder. Results of the study by researchers at the Johns Hopkins Bayview Medical Center in Baltimore, Maryland were published on Wednesday by the journal JAMA Psychiatry. More than 17 million... Read more
Ohio is currently accepting new petitions for qualifying conditions. New medical cannabis patients will be able to receive treatment, as long as their qualifying conditions are approved per the state’s regulations. The petitions will go through and be analyzed by the State Medical Board of Ohio as part of... Read more
Just days after South Dakota legalized both medical and recreational marijuana in Tuesday’s election, Republican Gov. Kristi Noem has said that the state’s voters made the “wrong choice.” Noem made the comments in a statement that was published by Dakota News Now on Thursday. “I was personally opposed to... Read more
TerrAscend Expands U.S. Footprint Via Acquisition of Maryland Based Grower Processor Accretive Deal Paves the Way for Entry into Attractive Limited License State Significant Opportunity to Expand Capacity of the Asset in 2021 NEW YORK and TORONTO, Nov. 6, 2020 /CNW/ – TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE:TER,) (OTCQX: TRSSF), a leading... Read more
Planet 13 Holdings Inc. Announces Closing of C$28.8 Million Bought Deal Public Offering LAS VEGAS, NV / ACCESSWIRE / November 5, 2020 / Planet 13 Holdings Inc. (“Planet 13” or the “Company”) (CSE:PLTH)(OTCQB:PLNHF) is pleased to announce that it has completed its previously-announced bought deal financing for aggregate gross... Read more
Vireo Health and Green Ivy Capital Agree to Proposed U.S. $46.0 Million Senior Secured Non-Convertible Credit Facility First tranche of U.S. $10.0 million net expected to close in December Facility demonstrates confidence of capital markets with continued access to financing Improved liquidity would provide flexibility to pursue high-return growth... Read more
Exclusive Interview with KushCo CEO Nick Kovacevich Cannabis ancillary company KushCo has demonstrated the ability to successfully adapt over the course of its 10-year history. CEO Nick Kovacevich last spoke with New Cannabis Ventures at the beginning of the year. Since then, the company has undergone a strategic shift... Read more
