A recent study by the Resource Innovation Institute (RII) found that indoor cannabis cultivation facilities that utilize LED lighting systems were, on average, more energy-efficient and more productive than facilities using non-LED lights. The non-profit organization analyzed data from 84 indoor cultivators who submitted energy use and production data... Read more
A recent study by the Resource Innovation Institute (RII) found that indoor cannabis cultivation facilities that utilize LED lighting systems were, on average, more energy-efficient and more productive than facilities using non-LED lights. The non-profit organization analyzed data from 84 indoor cultivators who submitted energy use and production data... Read more
Quarterly and year-to-date revenue respectively up 64% and 96% year-over-year Record revenue and robust growth in cannabis operations Dynamic customer acquisition growth across all operating segments Quarterly operating expenses decreased by 42% year-over-year and 17% sequentially Results continue to advance the Company on its pathway to net profitability IRVINE,... Read more
Vegetable growers across the U.S. weren’t among the traditional farmers heavily diversifying into hemp production in 2020. According to a survey of 437 farmers by trade journal American Vegetable Grower, 77% said they had no intention of planting the crop this year. Just 4% of farmers said they planned... Read more
Columbia Care Completes US$20.4 Million Add-On Debt Financing Unsolicited Institutional Demand Enabled the Company to Issue Debt Under the Existing Indenture at a Premium on an Accelerated Basis Without a Marketing Process Additional Liquidity Strengthens Company’s Financial Position in Anticipation of Pursuing High Return, Margin Enhancing Growth Opportunities, Including... Read more
HEXO Corp Reports Financial Results for the Fourth Quarter and Fiscal Year 2020 Record Revenue in Q420 and FY2020 Achieves Fourth Sequential Quarterly Adjusted EBITDA Improvement OTTAWA, Oct. 29, 2020 (GLOBE NEWSWIRE) — HEXO Corp. (TSX: HEXO; NYSE: HEXO) (“HEXO” or the “Company”) today reported its financial results for... Read more
Green Thumb Industries (CSE: GTI) (OTC: GTBIF) disclosed that an LLC controlled by its CEO, Ben Kovler, disposed of 5.5 million subordinated voting shares at C$19.25, worth approximately $79 million and representing 2.5% of the company’s fully-diluted shares outstanding. The sale, which was a private transaction at a slight... Read more
California cannabis consumers have a new option in edibles with the recent launch of Dulze, a new line of infused gummies featuring the flavors of Mexico. A collaboration between High Times Top Cannabis Chef Mike Moya and Rene Bosquez, the company said in a press release that it is... Read more
It’s no secret that cannabis has been doing well during COVID while other industries are struggling, but now, there’s a new reason why the industry is thriving. As the election nears, sales and stocks of both cannabis and firearms and soaring. Many believe this is because of the growing... Read more
An important goal of the annual conference held by the National Organization for the Reform of Marijuana Laws (NORML) is to recognize cannabis legalization advocates, scientists, and grassroots organizations and provide an opportunity for them to connect. Among the awards presented at NORML’S 2020 conference, held virtually Oct. 22-23,... Read more
