A pair of newly opened recreational cannabis shops in Chicago have made history as the state of Illinois’ first two social equity marijuana dispensaries. CBS Chicago reports that Ivy Hall Damen, whose ownership team is 61% Black, opened its doors on Monday, while Green Rose Dispensary, whose “management team... Read more
Charlotte’s Web Announces US$56.8 Million Investment from BAT Investment Will Help Drive Growth and Deepen R&D DENVER, Nov. 15, 2022 /PRNewswire/ – (TSX: CWEB) (OTCQX: CWBHF) Charlotte’s Web Holdings, Inc. (“Charlotte’s Web,” or the “Company”) the market leader in hemp-derived cannabidiol (“CBD”) wellness products, today announced a US$56.8 million... Read more
Jushi Holdings Inc. Announces Proposed Debt Financing $68 Million of Binding Subscription Commitments Received to Date BOCA RATON, Fla., Nov. 15, 2022 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, today announced the receipt of binding subscriptions to date totaling... Read more
Cresco Labs Announces Third Quarter 2022 Results Company reports $210 million in revenue and continues industry leadership with branded product performance Company took actions to improve long-term profitability and prepare for the integration of Columbia Care in 2023 CHICAGO-November 15, 2022-(BUSINESS WIRE)–Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE:... Read more
InterCure Announces Record Breaking Third Quarter Financial Results with 63% growth YOY and 6% QoQ growth Eleventh consecutive quarter of sequential profitable revenue growth Annualized revenue run rate of $155 million Adjusted EBITDA1 run rate of $36 million Achieved Run Rate Net Profit of 12$ million Strong balance sheet with $93 million cash supporting future profitable growth NEW YORK... Read more
Voters in Colorado on Tuesday approved a ballot measure to decriminalize the therapeutic use of natural psychedelics including psilocybin, the psychoactive compound in magic mushrooms. With 88% of the vote counted as of Wednesday evening, Proposition 122, the Natural Medicine Health Act, had garnered more than one million voters,... Read more
The American basketball star Brittney Griner was transferred to a Russian penal colony this week, a move that has left her family and legal team in the dark over her status and whereabouts. The New York Times reported that Griner’s lawyers “said in a statement that her... Read more
Former Minnesota Gov. Jesse Ventura said this week that the current occupant of the office is determined to get cannabis legalization over the line. Minnesota Gov. Tim Walz secured a second term in Tuesday’s election, beating Republican challenger Scott Jensen 52% to 45%. That wasn’t the only good news... Read more
A federal judge in New York has issued a temporary injunction barring the state from issuing licenses for cannabis retailers in five regions after a Michigan-based business filed a lawsuit challenging the process for awarding the highly coveted permits. U.S. District Court Judge Gary Sharpe issued the injunction on... Read more
TerrAscend Reports Third Quarter 2022 Financial Results TORONTO, Nov. 14, 2022 /CNW/ – TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today reported its financial results for the third quarter ending September 30, 2022. All amounts are expressed in U.S. dollars... Read more
