4Front Ventures Reports Third Quarter 2022 Financial Results Generates $37.3 million in Q3 2022 Systemwide Pro Forma Revenue, representing a 9% increase from Q2 2022 and 13% from Q3 2021 Q3 2022 Adjusted EBITDA of $9.3 million, an increase of 2% from Q2 2022 and an increase of 24% from Q3 2021... Read more
Charlotte’s Web Reports 2022 Third Quarter Financial Results Operating Expenses improved 38% Cash increase over Q2 of 2022 DENVER, Nov. 14, 2022 /PRNewswire/ – (TSX: CWEB) (OTCQX: CWBHF), Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”), the market leader in full-spectrum hemp extract wellness products, today reported financial... Read more
The Parent Company Reports Third Quarter 2022 Financial Results Gross margin improved to 34%, compared to 26% in Q3 2021 Sales from 1st party brands increase to 32% up from 26% in Q1 2021 Implemented operations optimization initiatives to realize approximately $13.6 million in annualized savings Completes acquisition of Coastal following quarter-end... Read more
A clinical trial was recently launched by the Cannabis Research Institute of South Africa (CRI), in partnership with Releaf Cannabis E-Clinics, with the goal of observing how medical cannabis can help treat opioid addiction. The duration of the trial will last for one year as it examines how cannabis... Read more
Evidently, so many cannabis users have embraced this strategy before their dental appointments that the American Dental Association (ADA) is speaking out, suggesting patients refrain from cannabis use before their visits. Additionally, a recent survey found that more than half of dentists (52%) reported patients arriving to appointments high... Read more
The Missouri Department of Health and Senior Services (DHSS) released proposed regulations to govern adult-use cannabis in the state on Thursday, only two days after voters approved a ballot measure to legalize recreational marijuana. Missouri voters ended the prohibition on cannabis with the adoption of Constitutional Amendment 3 on... Read more
A majority of the cannabis-related initiatives that were approved were located in Los Angeles and San Diego counties, green lighting the possibility of 70 additional cannabis retail licenses. In California, Los Angeles leads as the most populated county, followed by San Diego County, Orange County, Riverside County, and San... Read more
Within mere days after the Missouri voters approved Amendment 3 to legalize adult-use cannabis, an ambitious entertainment district project is unfolding. Gladstone, Missouri-based Besa Hospitality Group announced on Nov. 9 a new “cannabis entertainment district” to open along the Missouri River, serving people who live in the Kansas City... 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, An... Read more
Verano Announces Third Quarter 2022 Financial Results CHICAGO, November 14, 2022 (GLOBE NEWSWIRE) – Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced its financial results for the third quarter ended September 30, 2022 (“Q3 2022″), which were prepared in... Read more
