There has been much speculation about whether or not cannabis use in teens has gone up or down due to legalization and medical acceptance in states across the U.S. Some studies have looked for a positive impact on lowering teen use, while detractors have claimed cannabis is now more... Read more
Two separate cannabis initiatives have qualified for the general election ballot in Montana, making it the sixth state in the nation that will be voting on a legalization measure in November. On Thursday, the office of Montana Secretary of State Corey Stapleton revealed that supporters for Initiative 190 and... Read more
Sundial Growers Announces Pricing of its US$20 Million Registered Offering CALGARY, AB, Aug. 14, 2020 /PRNewswire/ – Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) announced today that it has priced a best efforts underwritten registered offering of 25,820,000 Series A Units, each consisting of one common share... Read more
Picture this: cannabis from a vending machine. That is essentially the concept behind “anna” (yes, all lowercase), a new product being rolled out by a Boston-based cannabis tech company of the same name. Here’s how it works, per a demo on the company’s website: a customer walks into a... Read more
As Sen. Kamala Harris takes her place on the ticket with presumptive Democratic presidential candidate Joe Biden, voters are taking a closer look at her record on the issues of the day. And while Harris’ experience as a prosecutor in California gives some in the cannabis community pause, others... Read more
A study of consumer attitudes released recently found that residents of states with legal cannabis have a positive view of the regulated marketplace. Results of the research, “Consumer perceptions of ‘legal’ and ‘illegal’ cannabis in US states with legal cannabis sales,” were released online last month ahead of the... Read more
Hexo Corp. Completes C$34.5 Million At-the-Market Offering Program OTTAWA, Aug. 13, 2020 (GLOBE NEWSWIRE) — HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that it has completed its previously announced at-the-market equity program (the “ATM Program”). Under the ATM Program, the Company sold an aggregate... Read more
GrowGeneration Reports Record Financial Results Q2 2020 Record Revenues of $43.5 Million, Adjusted EBITDA of $4.6 Million and Net Income of $2.6 Million 2020 Revenue Guidance Increased to $170-$175M Adjusted EBITDA Guidance for 2020 is $17.0-$18.0M GAAP Net Income Guidance for 2020 is $7.0-$8.0M 2021 Revenue Guidance Set at... Read more
Sundial Reports Second Quarter 2020 Financial Results CALGARY, AB, Aug. 13, 2020 /PRNewswire/ – Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) reported its financial and operational results for the second quarter ended June 30, 2020. All financial information in this press release is reported in millions of... Read more
It’s no surprise at all that adult-use cannabis in Massachusetts has boomed, but now there are numbers to support just how much it’s boomed since cannabis was first legalized in the state. The industry has brought in more than $150 million in tax revenue, according to an announcement from... Read more
