Harvest Health & Recreation Inc. Reports Second Quarter 2020 Financial Results Second quarter revenue was $55.7 million, up 109% from the second quarter 2019 and 26% sequentially Second quarter adjusted EBITDA was $4.1 million compared to ($3.6) million in the first quarter of 2020 2020 Revenue target increased to... Read more
Acreage Holdings Reports Second Quarter 2020 Results NEW YORK, Aug. 11, 2020 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) today reported financial results for the second quarter of 2020. SECOND QUARTER FINANCIAL HIGHLIGHTS (UNAUDITED) Second quarter reported revenue was $27.1 million, a 53%... Read more
Tilray, Inc. Reports 2020 Second Quarter Results Revenue Increased 10% to $50.4 Million (C$69.4 Million) versus Q2 2019 Cost Savings of $13.0 Million Realized in Q2 2020 – on Pace for Total Annualized Savings of Approximately $55 Million Net Loss of ($81.7) Million increased $45.4 Million versus Q2 2019... Read more
Columbia Care Reports Record Second Quarter 2020 Financial Results Driven by Organic Revenue Growth and Margin Improvements 2Q Combined Revenue Record of $33.0 Million, an Increase of 71% YoY, up 14% Sequentially Combined Gross Margin of 36.1%, Reflecting Increase of 800 Basis Points (“BP”) YoY, up 480 BP Sequentially... Read more
A new documentary slated for release later this month takes an in-depth look at the science behind cannabis as medicine, from the groundbreaking researchers who first discovered the curative power of cannabinoids to the pioneering patients whose lives have been transformed by the plant. The documentary from Mad Machine... Read more
Canada just announced that four patients who have been diagnosed with terminal cancer will receive therapy from psilocybin, the psychoactive component in mushrooms. The idea is for the patients to come to terms with their lives ending through the use of psilocybin. This comes over 100 days after a... Read more
An Arizona voter initiative that would legalize the recreational use of cannabis by adults has survived a legal challenge by opponents, who argued that the ballot summary for the measure failed to properly inform voters. In a ruling released on Friday, Judge James Smith rejected all arguments of attorneys... Read more
Canopy Growth Reports First Quarter Fiscal 2021 Financial Results Transformation strategy gains traction Net Revenue of $110 million increases 22% over Q1 FY20 Net Loss of $128 million; Adjusted EBITDA loss of $92 million narrows versus Q1 FY20 Established leadership position in growing cannabis-infused beverage segment; shipping +1.2mm cans... Read more
A review of published literature has found that chronic pain patients who use cannabis in addition to pharmaceutical medications showed a reduction in their use of opioids and required fewer visits to the emergency room. The study, “Medical cannabis for the reduction of opioid dosage in the treatment of... Read more
Some California communities are upset about the statewide rule that allows home delivery, and are taking the state to court to see if they can ban home delivery in their areas. So far, however, the judge has sided temporarily with the state when it comes to whether or not... Read more
