After being denied “essential business” status that could have kept them open during the coronavirus pandemic, Massachusetts’ recreational pot shops are about to re-open. For delivery anyway. Massachusetts’ Republican Gov. Charlie Baker on Monday detailed a plan to reopen the state, which includes the adult-use marijuana stores that have... Read more
Louisiana’s medical marijuana program is closer to undergoing a significant expansion after lawmakers there last week advanced a pair of bills. Each measure, both of which were sponsored by state Rep. Larry Bagley, a Republican, passed the Louisiana House of Representatives on Friday, as reported by the Livingston Parish... Read more
Members of Red Lake Nation in Minnesota are voting on medical cannabis legalization this Wednesday. If they approve it, they will be the only tribe in the state with a medical cannabis program that allows flower, or smokable cannabis, as well as other options. Statewide, Minnesota has legal medical... Read more
HEXO Corp. Announces Early Conversion Option for Debentures OTTAWA, May 18, 2020 (GLOBE NEWSWIRE) — HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that holders of $29.86 million aggregate principal amount of the Company’s 8% unsecured convertible debentures maturing December 5, 2022 (the “Debentures”) have... 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$7.5 million per quarter (C$10.5 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 First Quarter 2020 Financial and Operational Results Reported Record Pro Forma Revenue(1)(2) of $147.4 Million and Managed Revenue(1) of $105.0 Million; Generated $20.0 Million of Record Adjusted EBITDA(1) as Operations Across 17 States Continue to Scale; Completed Acquisitions of Select and Arrow in Connecticut Securing Vertical... Read more
Cannabis software company Akerna (NASDAQ: KERN), the parent of MJ Freeway, disclosed in its 10-Q for the quarter ending March 31 that it received a $2.2 million Paycheck Protection Program loan in April. The company received the loan, which is guaranteed by the Small Business Administration, prior to guidance that... Read more
Acreage Announces Operational Update to Drive Improved Margins and Returns NEW YORK, May 18, 2020 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) today announced the sale of certain non-core assets as part of an update to its overall strategic plan... Read more
Researchers specializing in infectious disease at the University of Saskatchewan in Canada are turning to cannabis as they build a new COVID-19 virus vaccine candidate. The research team says that a plant-based antigen may be easier to produce commercially on a broad scale than animal-based antigens. Zyus Life Sciences,... Read more
Could there be hope for legalization in New York, after all? A trio of lawmakers in the state hope so. On Thursday, State Senators Jamaal Bailey, Brad Hoylman, and Jessica Ramos, all Democrats, joined with Legal Aid Society, a New York City-based nonprofit, in calling on New York Gov.... Read more
