Cannabis dispensaries up and down California were looted over the weekend as protests sparked by the death of George Floyd at the hands of Minneapolis police turned violent in cities across the state. A growing list of California retail cannabis shops impacted by looting compiled on social media included... Read more
Arrests for marijuana dropped last year in Virginia compared to 2018, an encouraging development for a state that is a month away from decriminalization taking effect. Commonwealth law enforcement completed 26,470 arrests in 2019 for pot-related offenses, which NORML noted represented a drop from 28,866 such arrests the year... Read more
Cannabis stocks accelerated their rally in May, with the Global Cannabis Stock Index gaining 27.0% to 32.52: The index, which had 35 qualifying members during the month following the quarterly rebalancing at the end of March, declined 34.1% in 2019 to 42.20 and is now down 22.9% in 2020: After posting... Read more
Planet 13 Announces First Quarter 2020 Financial Results Q1 2020 Revenue of $16.8 million; EBITDA of $2.5 million SuperStore accounted for 10.1% of all Nevada cannabis dispensary revenue in Q1 2020¹ All figures are reported in United States dollars ($) unless otherwise indicated LAS VEGAS, June 1, 2020 /PRNewswire/... Read more
As per a 2017 agreement to revisit legal cannabis later on, a referendum on legalizing cannabis will be held during the 2020 elections in New Zealand this September. A draft of the bill has been published in the country that asks ‘Do you support the proposed “Cannabis Legalisation and... Read more
The Valens Company Enters into $40 Million Debt Facility KELOWNA, BC, June 1, 2020 /PRNewswire/ –Valens GroWorks Corp. (TSX: VLNS) (OTCQX: VLNCF) (the “Company” or “The Valens Company”), a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, today announced it has entered into a syndicated credit facility (the “Credit Facility”) with... Read more
Acreage Enters Into Two Definitive Funding Agreements for up to $60 Million Gross Proceeds NEW YORK, June 01, 2020 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) today announced it has entered into two definitive funding agreements for a total of... Read more
Schultze Special Purpose Acquisition Corp. Announces Non-Binding Letter of Intent for a Business Combination with Clever Leaves, a Leading Pharmaceutical-Grade Multi-National Cannabis Operator -With More than 1.9 Million Square Feet of Greenhouses, Clever Leaves is One of the Largest Cannabis Cultivation and Extraction Companies in the World- RYE BROOK,... Read more
Canadian licensed producers, after twelve consecutive monthly declines through March, posted their second straight gain during May, with the Canadian Cannabis LP Index rising 20.2% to 319.23, far surpassing the performance of the S&P/TSX Composite, which rose 2.8%: Over the past year, the index has declined 67.3%: The index remains substantially... Read more
Following twelve consecutive monthly declines and then a modest gain in April, the American Cannabis Operator Index extended its rally off of its all-time low set in March, increasing 34.7% to 30.20 during May: The index, which launched at the end of October 2018 with a value of 100, reached a... Read more
