Curaleaf Reports Record Fourth Quarter and Fiscal Year End 2019 Financial and Operational Results Generated Record Fiscal Year 2019 Managed Revenue of $250.6 Million and Record Adjusted EBITDA(1) of $25.9 Million; Delivered Record Quarterly Managed Revenue of $81.7 and Record Adjusted EBITDA(1) of $13.8 Million as Operations Continue to... Read more
Cannabis regulators across the country continue to react to the spreading coronavirus pandemic, with Oregon and Pennsylvania relaxing rules while storefront dispensaries were ordered closed in Nevada. The changes come as more states issue stay-at-home orders in an effort to curtail the spread of the virus. In Oregon, regulators... Read more
The Drug Enforcement Administration announced new rules last week that the agency said would expand opportunities for scientific and medical research on marijuana in the United States. The Notice of Proposed Rulemaking was filed for public inspection on Friday before being published Monday in the Federal Register. The DEA... Read more
The Parliament of Ghana legalized cannabis for industrial and medicinal purposes last week, continuing a trend of marijuana reform on the African continent. With the passage of the Narcotics Control Commission Bill 2019, lawmakers legalized the production of low-THC cannabis, stopping short of full legalization, as MP Ras Mubarak... Read more
Charlotte’s Web 2019 Q4 and Year-End Results BOULDER, CO, March 24, 2020 /PRNewswire/ – (TSX:CWEB,OTCQX:CWBHF), Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”) the market share leader in full spectrum cannabidiol (CBD) hemp extract products, today reported financial results for the fourth quarter and year ended December 31, 2019. All amounts are expressed... Read more
Charlotte’s Web Announces Line of Credit with J.P. Morgan and Engagement for Commercial Banking Services Line of Credit with Major U.S. Bank a Prudent Component to Enhancing Capital Liquidity and Financial Controls BOULDER, CO, March 23, 2020 /PRNewswire/ – (TSX: CWEB; OTCQX: CWBHF) – Charlotte’s Web Holdings, Inc. (“Charlotte’s... Read more
Nearly six years since New York legalized medical marijuana, one of the Big Apple’s five boroughs still didn’t have its own dispensary—until now. It’s simply called “Be,” it’s Staten Island’s first medical cannabis dispensary, and it is finally opening its doors to patients this month. New York Gov. Andrew... Read more
Charlotte’s Web to Acquire Abacus Health Products for Combined 35% Marketshare of CBD in Food/Drug/Mass Retail Channel Solidifies leadership in CBD topical and ingestible products Bolsters platform for innovation and growth Over 15,000 unique retail doors combined BOULDER, CO, WOONSOCKET, RI and TORONTO, March 23, 2020 /PRNewswire/ – Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or... Read more
The National Basketball Association, like pretty much all of the sporting world, is currently on hiatus due to the coronavirus pandemic. And that apparently means the league’s drug testing policy is on break, too. According to a report from Yahoo Sports earlier this week, the NBA and the union... Read more
Regulators in New York, California, and Ohio have determined that cannabis dispensaries are essential businesses, allowing them to remain open during mandatory closures enacted to help contain the spread of the coronavirus pandemic. The decisions to permit marijuana retailers follow similar moves by government officials in other states struggling... Read more
