Michigan regulators issued new rules that govern the production of recreational marijuana last week, cutting medical marijuana caregivers out of the supply chain for adult-use pot. The change was announced in an advisory bulletin from the Michigan Marijuana Regulatory Agency (MRA) on April 8. Since legal sales of recreational... Read more
Online sales of recreational marijuana are legal in Colorado thanks to new emergency rules established in the state in response to the COVID-19 pandemic. The Associated Press reports that, under the new rules, “customers can pay for marijuana online and then pick up their purchase at the store.” The... Read more
Planet 13 Announces Full Year 2019 Financial Results and Q1 2020 Revenue 2019 Revenue of $63.6 million SuperStore accounted for 9.1% of all Nevada cannabis dispensary revenue in 2019¹ 2019 EBITDA of $9.9 million Q1 2020 Revenue of $16.6 million All figures are reported in United States dollars ($)... Read more
The Valens Company Reports Record Revenue And Profitable First Quarter Of Fiscal 2020 KELOWNA, BC, April 14, 2020 /PRNewswire/ – Valens GroWorks Corp. (TSXV: VLNS) (OTCQX: VLNCF) (the “Company”, “Valens” or “The Valens Company”), a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, is pleased... Read more
Aphria Inc. Announces Net Cannabis Revenue Increases 65% From Prior Quarter and Fourth Consecutive Quarter of Positive Adjusted EBITDA Reports Operating Income of $8.7 million Adjusted EBITDA from Cannabis Operations of $6.0 Million Increased 78% from Prior Quarter Cash Cost Per Gram Decreased to Below $1 Updates on COVID-19... Read more
Virginia became the latest state to decriminalize marijuana, after Democratic Gov. Ralph Northam signed a sweeping criminal justice legislative package into law on Sunday. The legislation will decriminalize simple possession of pot and create a $25 civil penalty It will also seal the records of convictions and prohibit employers... Read more
Regulators in Maine announced on Friday that the ongoing coronavirus pandemic would interfere with the state’s debut of recreational cannabis sales that was planned for this spring. The move continues the delays that have plagued the launch of the adult-use cannabis industry that Maine voters approved in 2016. The... Read more
Fire & Flower Announces $25 Million Private Placements Green Acre Capital acting as Lead Investor EDMONTON, April 13, 2020 /CNW/ – Fire & Flower Holdings Corp. (TSX: FAF OTCQX: FFLWF) (“FFHC”, “Fire & Flower” or the “Company”), today announced two proposed private placements for aggregate gross proceeds of up... Read more
Aurora Cannabis Provides Update on Initiatives to Strengthen Liquidity, Business Transformation Plan and COVID-19 Operational Response Strengthened Cash Position with Plans for Additional Flexibility Given Economic Uncertainty Execution Against Business Transformation Plan Continues on Schedule All Facilities Fully Operational with COVID-19 Precautions in Place to Protect Staff Announced Intention... Read more
Medical marijuana patients in New Hampshire will have a bit longer to renew their cards, as the state extended its deadline in response to the COVID-19 pandemic. New Hampshire Public Radio reported that the state’s therapeutic cannabis program announced Friday that “patients who have cards that are expiring in... Read more
