Intangible Assets in the Cannabis Industry – Measuring the Success of Acquisitions Guest Post by Noam Hirschberger, CFA, CVA, Principal, Co-Lead of Cannabis Practice at PKF O’Connor Davies In the last year, a lot of attention has been given to the amount of goodwill on cannabis companies’ balance sheets. Several... Read more
Exclusive Interview with SLANG Worldwide CEO and President Chris Driessen Chris Driessen recently stepped up as the new President and CEO of cannabis CPG company SLANG Worldwide (CSE: SLNG) (OTC: SLGWF), with Peter Miller becoming Chairman. We had interviewed Miller at the beginning of 2019, ahead of the company... Read more
In a candid interview, Martha Stewart revealed that she accepted a challenge from Chelsea Handler: to smoke a doobie for the first time in decades. While Stewart frequently dabbles with cannabis and hemp-related enterprises, she’s generally conceded that she does not partake of the herb recreationally, and prefers a... Read more
A new poll shows that New Jersey voters overwhelmingly support cannabis legalization and are ready for change in their state. The study was conducted by the law firm Brach Eichler LLC, specifically their Cannabis Law Practice arm, and compiled by DKC Analytics. It surveyed 500 registered voters in the... Read more
Law enforcement officers served search warrants at five unlicensed cannabis dispensaries in San Diego County this week, seizing $1.1 million in cash and 3,000 pounds of marijuana while taking six people into custody on various charges. The raids at the illegal pot shops in the suburbs of Lakeside, Chula... Read more
Nevada is currently investigating new instances of tainted cannabis flower being sold in multiple dispensaries across the state following a recall. According to a press release out this week, The Nevada Cannabis Compliance Board (CCB) is looking into three different dispensaries for having cannabis that has failed testing several... Read more
State leaders in Mississippi are urging voters to carefully consider two medical marijuana measures on the November ballot, characterizing the less restrictive of the two proposals as dangerous. Republican state Rep. Jill Ford, Ed Langton, the chairman of the Mississippi Board of Health, and Madison County Sheriff Randy Tucker... Read more
ScottsMiracle-Gro Announces Third Quarter Financial Results, Increased Fiscal 2020 Guidance and Approval of Special Dividend Company-wide third quarter sales increase 28% including Hawthorne growth of 72% U.S. Consumer sales increase 21% in Q3; Retailer POS up 23% year-to-date Q3 GAAP EPS increases 13% to $3.57; Non-GAAP adjusted EPS up... Read more
Aphria Inc. Announces Fourth Quarter and Fiscal Year 2020 Results Adult Use Cannabis Revenue Increases 27% From Prior Quarter And Fifth Consecutive Quarter Of Positive Adjusted Ebitda Net Revenue Increases 5% from Prior Quarter and 18% from Prior Year Quarter Adjusted EBITDA from Cannabis Operations of $9.3 Million Increased... Read more
A 45-year-old Canadian man got busted at the border last week hauling millions of dollars worth of marijuana. The U.S. Customs and Border Protection nabbed the suspect last Wednesday on Peace Bridge, a crossing that connects Buffalo, New York to Fort Erie, Ontario. The man was driving a commercial... Read more
