American Cannabis News

Global Cannabis Stock Index Declines 21% in Q3

The Global Cannabis Stock Index fell for the seventh consecutive month, declining 12.6% to 45.02: The index, which was down 21.2% in Q3, had 44 qualifying members during the month following the...
- October 1st, 2021 at 10:57 am

Ancillary Cannabis Stocks Drop 10% in September

Following up on our discussion earlier this year about how cannabis investors have embraced publicly traded ancillary companies, New Cannabis Ventures launched its seventh proprietary index, the Ancillary Cannabis Index, at the...
- October 1st, 2021 at 8:14 am

Trulieve Completes Harvest Health & Recreation Acquisition

Trulieve Completes Acquisition of Harvest Health & Recreation Inc. Creating the Largest and Most Profitable U.S. Cannabis Operator Combined Company Platform Poised for Accelerated Growth Industry Leading Footprint in...
- October 1st, 2021 at 7:07 am

Cresco Labs to Move Away From Third-Party Distribution in California

Cresco Labs Shifts to Owned-Brand Distribution in California to Increase Profitability, Reduces Third Party Distribution CHICAGO, September 30, 2021–(BUSINESS WIRE)– Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the...
- September 30th, 2021 at 6:30 pm

Trulieve to Borrow $350 Million at 8% for 5 Years

Trulieve Announces $350 Million Private Placement of 8% Senior Secured Notes Leverages Industry Leading Balance Sheet to Provide for Retirement of Certain Harvest Health & Recreation Debt Upon Completion...
- September 30th, 2021 at 5:08 pm

American Cannabis Operator Index Declines 2.7% in September

The American Cannabis Operator Index fell for the seventh straight month after having scored five straight monthly gains, declining 2.7% to 54.47: During Q3, the index lost 22.8%. After gaining 45.7%...
- September 30th, 2021 at 4:33 pm

MedMen Q4 Revenue Increases 55% to $42 Million

MedMen Reports 55% Year-Over-Year Quarterly Revenue Growth and Second Consecutive Quarter of Growth in Both Revenue and Retail Adjusted EBITDA Company Continues to Execute Against MedMen 2.0 Growth Plan,...
- September 23rd, 2021 at 4:27 pm

Skymint Raises $78 Million and Expands in Michigan Cannabis Market

SKYMINT Acquires 3Fifteen Cannabis and Completes Concurrent $78 Million Financing From SunStream Bancorp and Merida Capital, Solidifying its Position as Michigan’s top Cannabis Cultivator, Manufacturer, Retailer, and Employer Transactions...
- September 21st, 2021 at 11:06 am