American Cannabis News

Ancillary Cannabis Stocks Advance 3.3% in June

Following up on our recent discussion of how cannabis investors have embraced publicly traded ancillary companies, New Cannabis Ventures launched its seventh proprietary index, the Ancillary Cannabis Index at the end of March....
- June 30th, 2021 at 5:23 pm

Glass House Brands to Begin Trading on July 5th

GH Group, Inc. and Mercer Park Brand Acquisition Corp. Complete de-SPAC Transaction, Creating the Largest Cannabis Brand-Building Platform in California Creates a Highly Expansive, Fully Integrated Cannabis Business in...
- June 29th, 2021 at 8:13 pm

CBD Company Kadenwood Raises $50 Million

Kadenwood Raises $50M to Accelerate Leadership Position in Shaping CBD Into Mainstream Wellness Category The Craftory, Arcadian Capital and Existing Investors Led the Series B Round as Kadenwood Expands...
- June 29th, 2021 at 1:39 pm

California Operator Truth Enterprises Raises $11.5 Million

Truth Enterprises Oversubscribed $10M Round Investors Include Seasoned Cannabis Industry Pioneers SACRAMENTO, Calif., June 29, 2021–(BUSINESS WIRE)–Truth Enterprises, the parent corporation behind Sacramento-based lbs. Distribution, today announced the oversubscription...
- June 29th, 2021 at 9:46 am

High Tide Q2 Revenue Increases 99% to $40.9 Million

High Tide Reports Second Quarter 2021 Financial Results Featuring a 99% Increase in Revenue and Another Record Adjusted EBITDA of $4.7 Million CALGARY, AB, June 28, 2021 /PRNewswire/ –...
- June 28th, 2021 at 6:08 pm

Flower One Q1 Revenue Increases 53% to $13.9 Million

Flower One Reports First Quarter 2021 Results and Provides Preliminary Revenue Guidance for Its Second Quarter Second Quarter Revenue Guidance of $16-$18m Reflects Its Second Consecutive Record Revenue Quarter...
- June 28th, 2021 at 9:26 am

Michigan Cannabis Sales Dip 3% in May as Prices Plunge

During May, Michigan cannabis sales increased 76% from a year ago to $148.9 million, a 3% decrease from April despite having an additional day: The Michigan Marijuana Regulatory Agency breaks out sales by...
- June 23rd, 2021 at 9:53 am

KushCo Holdings Sees Q3 Revenue at $27.5-28 Million

KushCo Holdings Reports Preliminary Fiscal Third Quarter 2021 Results Company Expects Fiscal Q3 2021 Revenue to Increase 21% to 26% Year-Over-Year CYPRESS, CA / ACCESSWIRE / June 15, 2021...
- June 15th, 2021 at 8:29 am