A legalization campaign recently launched by Smart & Safe Florida has garnered the support of medical cannabis company Trulieve and Grammy-nominated country music group, The Bellamy Brothers. Trulieve has donated $5 million to the effort that could lead to a measure on the 2024 ballots. According to Trulieve CEO... Read more
Consolidated Revenue Increased 18% Year-Over-Year to $82.9 Million Canadian Cannabis Business Net Sales Increased 20% Year-Over-Year and 37% Sequentially to Quarterly New Record Pure Sunfarms Remains Best-Selling Dried Flower Brand in Canada* Rose LifeScience Became the Number Three Licensed Producer in Quebec** VANCOUVER, BC, Aug. 9, 2022 /PRNewswire/ – Village Farms International, Inc. (“Village Farms”... Read more
Lowell Farms Inc. Announces Unaudited Second Quarter 2022 Financial and Operational Results SALINAS, Calif., Aug. 09, 2022 (GLOBE NEWSWIRE) — Lowell Farms Inc. (the “Company”) (CSE: LOWL; OTCQX: LOWLF), a California-born innovator in cannabis cultivation and maker of the legendary brand Lowell Smokes, announces unaudited revenue and operating results... Read more
Trulieve Delivers Record Second Quarter 2022 Results Driven by Organic Retail Sales Revenue of $320.3 million, up 49% year over year and 1% sequentially Retail revenue grew 3% sequentially across industry leading U.S. network of 168 dispensaries as of June 30, 2022 GAAP gross margin of 57% and Adjusted EBITDA* margin... Read more
The NFL says that Green Bay Packers quarterback Aaron Rodgers did not violate league rules when he previously consumed the psychoactive beverage ayahuasca. Via ESPN, “NFL spokesman Brian McCarthy said Monday that it wouldn’t have triggered a positive test result on either the substance abuse or performance-enhancing substance policies... Read more
The ballot initiative submitted by the Responsible Growth Arkansas, a cannabis advocacy group, was recently rejected on Aug. 3 by Board of Election Commissioners for its name and title. On Aug. 4, the group filed a lawsuit with the state Supreme Court to challenge the decision. As of July... Read more
Suspects are still at-large after C.R.A.F.T. Cannabis in Oakland in California was robbed at gunpoint and about $100,000 in product was stolen. Making things worse, eyewitnesses say it took hours for police to arrive at the scene—once everything was taken and the damage had already been done. In the... Read more
Charlotte’s Web Delivers Operating Improvements on Lower Revenue in Second Quarter of 2022 Operating Expenses improved 31.5% Cash increase over Q1 of 2022 DENVER, Aug. 9, 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 results... Read more
Cronos Group Reports 2022 Second Quarter Results Consolidated net revenue increased by 48% year-over-year to $23.1 million in Q2 2022 Israel net revenue increased by 212% year-over-year to $7.2 million in Q2 2022 Announced achievement of THCV equity milestone TORONTO, Aug. 09, 2022 (GLOBE NEWSWIRE) — Cronos Group Inc.... Read more
Hydrofarm Holdings Group Announces Second Quarter 2022 Results Company Reiterates Updated Full Year 2022 Outlook SHOEMAKERSVILLE, Pa., Aug. 09, 2022 (GLOBE NEWSWIRE) — Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture... Read more
