Columbia Care Reports First Quarter 2020 Results First Quarter Combined Revenue up 125% YoY to $28.9 Million, Sequential Increase of 18% and Sequential Gross Margin Improvement of 7% Consumer Demand Through April Remains Strong Amid COVID-19 NEW YORK-May 14-(BUSINESS WIRE)–Columbia Care, Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE:... Read more
GrowGeneration Reports Record Q1 2020 Revenues of $33.0 Million and Record Adjusted EBITDA of $2.7 Million 2020 Revenue Guidance Increased to $135-$140 Million Adjusted EBITDA Guidance for 2020 is $12.0 Million-$14.0 Million GAAP Pre-Tax Net Income Guidance set $5.5-$7.5 Million DENVER, May 14, 2020 /PRNewswire/ – GrowGeneration Corp. (NASDAQ:GRWG),... Read more
Most job applicants seeking work in New York City won’t have to fret over a drug test for marijuana, thanks to a new law that took effect last weekend. The new measure “bans companies from requiring pre-employment testing for marijuana, with exceptions for applicants for police, child-care, commercial driving... Read more
The marijuana business has been booming in Michigan during the coronavirus pandemic. The Detroit News reported that “weekly sales of recreational marijuana in Michigan from March 9 onward have risen significantly.” Since that day in March until this past Sunday, marijuana retailers in the state generated about $54.6 million... Read more
Innovative Industrial Properties Acquires California Property and Expands Long-Term Real Estate Partnership with Kings Garden SAN DIEGO, May 12, 2020–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today... Read more
Aleafia Health Announces $6.4M Positive Adjusted EBITDA, $14.6M net revenue in Q1 2020 $13.7M cannabis net revenue, 183% increase over previous quarter, and 2,486% increase over prior year’s quarter Positive cash flow from operations 85% gross margin on cannabis net revenue 3% increase SG&A expenses over previous quarter $35M... Read more
Marijuana shops in Massachusetts are still closed for the time being, due to the coronavirus pandemic, but when they do re-open, customers will eventually have the option to order their pot via delivery. The state’s Cannabis Control Commission said last week that it will soon up the application process... Read more
There is one less hurdle to opening up a marijuana business in Maine: chiefly, you don’t have to be a resident of the state. A lawsuit between the state and a licensed cannabis business there called Wellness Connection reached a resolution earlier this week, with the two sides reportedly... Read more
A proposal in the Missouri legislature would open the door for more businesses to land a medical cannabis license. An amendment tacked onto legislation being considered would essentially allow “any business owner to secure a license if they meet minimum state requirements,” according to local television station KSHB. The... Read more
Students enrolled at the University of Rhode Island may soon have the opportunity to participate in a new undergraduate certificate program in cannabis studies. Under a proposal submitted last month by the university’s faculty senate office to the school’s president, David Dooley, the seven-week accelerated online program would consist... Read more
