John Collins, director of Pennsylvania’s Office of Medical Marijuana, said this week that the state’s medical marijuana program has generated more than $500 million in revenue from medical cannabis sales. A couple points of reference to underscore how impressive that figure is: Colorado only just passed the $1 billion... Read more
An Illinois state senator is the subject of an investigation by state officials who are probing her role in a cannabis company she operates. The investigation into Sen. Patricia Van Pelt by the office of Secretary of State Jesse White was reported by television station WGN on Wednesday afternoon.... Read more
While there are still a number of big hurdles to clear before recreational weed becomes legal in Florida, that possibility is looking more and more likely. Currently, there are three proposals calling for legalization. One of them, being proposed by Make it Legal Florida, has just hit its first... Read more
Aurora Cannabis Announces First Quarter 2020 Results & Corporate Action Plan Reports Industry Leading Gross Profit of $53.7 Million and 58% Cannabis Gross Margin Delivers Best-in-Class Indoor Cash Cost to Produce of $0.85 per gram Announces Plan to Settle March 2020 5.0% Convertible Debentures Revises Capital Expenditure Plan to... Read more
Supreme Cannabis Announces Q1 2020 Financial Results and $90 million Credit Facility led by Bank of Montreal Supreme Cannabis achieves 122% year-over-year net revenue growth, Q1 2020 gross margin of 62%, and reports Adjusted EBITDA of $(4.9 million) Secures $90 million in corporate credit facilities with Bank of Montreal... Read more
Sundial Delivers Quarterly Net Revenue of $33.5 Million Representing 74% Sequential Growth Third Quarter Financial and Operating Results Set the Stage for 2020 Growth CALGARY, Nov. 13, 2019 /PRNewswire/ – Sundial Growers Inc. (Nasdaq: SNDL) (“Sundial” or the “Company”) reported its financial and operating results for the third quarter... Read more
Proceeds to be used for completion of facilities at Ancaster and Valleyfield Phase 1 Would provide bridge financing until TGOD becomes cash flow positive, expected by the end of Q2 2020 TGOD to continue disciplined expansion across recreational markets in Canada TORONTO, Nov. 14, 2019 /PRNewswire/ – The Green Organic Dutchman Holdings Ltd. (the... Read more
Canopy Growth Reports Second Quarter Fiscal 2020 Financial Results SMITHS FALLS, ON, Nov. 14, 2019 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NYSE: CGC) today announced its financial results for the second quarter ended September 30, 2019. All financial information in this press release... Read more
According to a new report on SpaceX’s safety review following Elon Musk hitting a blunt on Joe Rogan’s podcast, it may have been the most expensive blunt of all time! Politico national security reporter Jacqueline Feldscher dug up some contracting records revealing that NASA ended up paying SpaceX $5... Read more
NBA guard Dion Waiters of the Miami Heat has been suspended for using weed gummies after he suffered a panic attack on a flight from Phoenix to Los Angeles. And, according to sources, he’s remaining tight-lipped about the source of his stash, who is reportedly another player from the... Read more
