Cresco Labs Q1 Revenue Grows 29% Pro Forma from Q4 to $66.4 Million Record revenue of $66.4 million in Q1’20, 60% growth over Q4’19 revenue, 26% growth on the same asset base as net pro-forma Q4’19¹ Completed largest cultivation expansion in company history adding 6x cultivation space in Illinois... Read more
TerrAscend Reports First Quarter Net Sales of $34.8 Million and Adjusted EBITDA of $4.9 Million Net sales increased 34% quarter-over-quarter and 139% year-over-year Adjusted EBITDA of $4.9 million U.S. operations generated 25% adjusted EBITDA margin Anticipates Q2 2020 net sales of approximately $45 million, representing 30% quarter-over-quarter growth, with... Read more
Exclusive Interview with Columbia Care Co-Founder, CEO and Director Nicholas Vita Columbia Care (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) is licensed in 18 U.S. states and has operations in Europe. In 2020, the company is gearing up to become profitable across its footprint. Co-Founder, CEO and Director Nicholas Vita... Read more
MedMen Reports Third Quarter Fiscal 2020 Financial Results – Designated News Release Third quarter revenue of $45.9 million, up 41% year over year Corporate SG&A decreased by 35% sequentially and 51% from the prior year period Strengthened balance sheet through combination of equity, debt and sale of non-core assets... Read more
A cannabis dispensary in Sonoma County, California is taking summertime entertaining to a new level with the launch of Cannabis Beverage Week, a virtual event designed to showcase libations infused with cannabinoids. The festivities, held online in respect of the state’s continuing stay-at-home order issued to help stem the... Read more
Fidel Torres, 62, would have walked free in less than two years. Instead he died on May 20 in the Federal Medical Center in Lexington Kentucky from complications related to Covid-19. Convicted on conspiracy to possess and distribute more than 2,000 pounds of marijuana, Torres is among several pot... Read more
Innovative Industrial Properties Upsizes and Prices Public Offering of Common Stock SAN DIEGO-May 27, 2020-(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the upsize and pricing of an underwritten public offering of 1,348,389 shares of its common stock for gross proceeds of approximately $100.0 million. The... Read more
An effort to reform Oklahoma’s medical marijuana program—including adding a provision allowing cannabis deliveries to patients—has apparently gone up in smoke. The Tulsa World reported that state lawmakers decided on Friday not to override Gov. Kevin Stitt’s veto of the legislation that had overwhelming bipartisan support in both legislative... Read more
In March, when everyone was shutting down and cannabis was proving itself to be an essential business across the U.S., Canada was also experiencing a surge in cannabis sales. According to Statistics Canada, cannabis sales shot up 19 percent in March, one of the biggest spikes since 2018 legalization.... Read more
Cannabis dispensaries in Massachusetts began serving recreational marijuana customers again on Memorial Day following a two-month closure ordered to help slow the spread of the COVID-19 coronavirus. Gov. Charlie Baker ordered recreational marijuana retailers to close in March, although medical marijuana dispensaries were deemed essential businesses and allowed to... Read more
