AWH ANNOUNCES Q3 2023 FINANCIAL RESULTS Reported Record Quarterly Revenue for 6th Consecutive Quarter Achieved $141.3M Net Revenue in Q3 2023, a 27.0% Increase Year-Over-Year and 14.9% Increase Quarter-Over-Quarter Reported $29.5 million in Adjusted EBITDA, a 38.5% Quarter-Over-Quarter Improvement Improved Adjusted EBITDA Margins by 356 Basis Points Sequentially Generates... Read more
Nevada officials are continuing to approve more consumption lounge applications, with six more conditional licenses approved by the Nevada Cannabis Compliance Board (CCB) for various cannabis companies. On Oct. 24, the CCB discussed approval for a variety of consumption lounge applications. The chosen businesses in this round include Curaleaf... Read more
Medicann is launching the first medical cannabis clinic in Ireland and is immediately accepting patients who believe they may be eligible for treatment, according to a news release. The clinic will cover “all conditions treatable with medicinal cannabis,” not limited to those recognized by Ireland’s Medicinal Cannabis Access Programme.... Read more
Pablo Escobar died of a gunshot wound during a 1993 shootout at his hideout in Medellin, but Pablo did not go down without leaving a very strange parting gift to his homeland: a bunch of hippos that escaped his private zoo, became feral and started terrorizing Colombian fishing towns. ... Read more
A biopharmaceutical company this week unveiled the results of a clinical trial it says showcases the potential of psychedelics as a mental health treatment. The findings come via Cybin, a Canadian company “committed to revolutionizing mental healthcare by developing new and innovative next-generation psychedelic treatment options.” According to the... Read more
Nigerian-born artist Burna Boy, 32, revealed that he turned down a $5 million offer to perform in Dubai in the United Arab Emirates (UAE) because smoking cannabis is banned in the city, and the punishments are severe. Per the local law, attempting to enter Dubai with cannabis can result... Read more
Organigram Announces C$124.6 Million Investment from BAT and Creation of “Jupiter” Strategic Investment Pool Organigram and BAT deepen partnership through C$124.6 million investment with 38.7 million shares to be issued over three tranches Organigram to use C$83.1 million of the investment to create “Jupiter,” a strategic investment pool designed... Read more
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. Friends, It... Read more
The Magnolia Bakery, perhaps one of the most famous bakeries in the world, is now entering the cannabis edibles market. You may know Magnolia Bakery from scenes in Sex and The City, Saturday Night Live, or Broad City. Their cakes (and world-famous cupcakes), are to die for. And now,... Read more
A cost-benefit analysis of the impact of a proposed cannabis legalization measure in Ohio has determined that legalization would generate a net economic benefit of $260 million per year. Ohio voters go to the polls next week to decide on Issue 2, which would legalize marijuana for adults 21... Read more
