Researchers have found that using cannabis after work hours does not adversely affect employee job performance, according to a study published recently in the journal Group & Organization Management. The study, “Altered States or Much to Do About Nothing? A Study of When Cannabis Is Used in Relation to... Read more
A campaign to raise donations for psychedelic research has raised $30 million to fund a study into MDMA-assisted psychotherapy as a treatment for post-traumatic stress disorder (PTSD). The funding drive, dubbed the Capstone Campaign, is a collaboration between the Multidisciplinary Association for Psychedelic Studies (MAPS) and the Psychedelic Science... Read more
Green Thumb Industries (CSE: GTII) (OTC: GTBIF) has filed an S-1 with the SEC to enable it, once the registration is effective, to sell ten million shares. The company, which moved to U.S. GAAP accounting earlier this year and began filing with the SEC then, is describing it as... Read more
High Tide to Combine with Meta Growth, Creating the Largest Cannabis Retailer in Canada Creates Canada’s Largest Cannabis Retailer with 63 Retail Locations¹ and $133 million in Annualized Revenue Annual Cost and Operational Synergies of Approximately $8 million to $9 million Strong Balance Sheet with an Estimated $21 million... Read more
Net sales increased 36% quarter-over-quarter and 169% year-over-year Adjusted EBITDA of $11.4 million, increasing 131% quarter-over-quarter Positive cashflow from operations of $10.4 million Anticipates 2020 full year net sales of at least $192 million and adjusted EBITDA of at least $45 million; Expects continued positive cashflow from operations in the second half of the... Read more
Planet 13 Holdings Inc. Announces $15 Million Bought Deal Public Offering LAS VEGAS, Aug. 20, 2020 /CNW/ – Planet 13 Holdings Inc. (“Planet 13” or the “Company”) (CSE: PLTH) (OTCQB: PLNHF) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”)... Read more
Cresco Labs Announces Accelerating Revenue and Increasing Operating Leverage in Record Second Quarter 2020 Results Record revenue of $94.3 million, 42% growth QoQ 30+% sequential revenue growth in all of the Company’s U.S. markets except Massachusetts Record adjusted EBITDA¹ of $16.5 million, 419% growth QoQ Reduced SG&A by $1.5... Read more
With the legalization of hemp at the federal level with the passage of the 2018 Farm Bill, it wasn’t long before a new industry based on the increasing popularity of cannabidiol began to take root across the country. But the growth of that industry is at risk in Indiana... Read more
The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis stocks that generate industry sales of more than US$10 million per quarter (C$13.2 million). This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay... Read more
Curaleaf Reports Record Second Quarter 2020 Financial and Operational Results Record Second Quarter Pro Forma Revenue(1)(2)of $165.4 Million and Record Second Quarter Managed Revenue(1)of $121.4 Million; Record First Half Managed Revenue(1) of $226.4 Million; Record Adjusted EBITDA(1) of $28.0 Million as Operations Across 17 States Continue to Scale; Completed Closing of the Grassroots Acquisition Expanding Presence to... Read more
