American Cannabis News

Cannabis REIT Raises $300 Million Selling 5-Year Notes at 5.50%

Innovative Industrial Properties Prices Private Offering of 5.50% Senior Notes Due 2026 SAN DIEGO, May 19, 2021–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that its...
- May 19th, 2021 at 4:20 pm

TerrAscend Q1 Revenue Increases 106% to $53.4 Million

TerrAscend Reports First Quarter Net Sales of USD $53.4 Million and Adjusted EBITDA(1) of USD $22.6 Million Raises full year 2021 guidance for Net Sales to exceed USD $300 million and...
- May 19th, 2021 at 7:44 am

Greenlane Generates $34 Million Revenue in Q1

Greenlane Accelerates Acquisition Strategy and Achieves Second Consecutive Quarter of Record Greenlane Brands Revenue in Q1 2021 A strong start to 2021 with the pending transformational merger with KushCo...
- May 18th, 2021 at 7:39 am

MariMed Q1 Revenue Increases 230% to $24.6 Million

MariMed Q1 2021 Results Reflect Highest Core Cannabis Revenue and Profitability Core Cannabis Revenue Increased 230% to $24.6m, EBITDA Increased 764% to $7.6m Q1 2021 vs. Q1 2020 Significantly...
- May 17th, 2021 at 6:04 pm

The Parent Company Reports Q1 Revenue of $39.9 Million

The Parent Company Reports First Quarter 2021 Financial Results Achieves Consolidated Net Sales of $40 Million; Adjusted Net Sales of $46 Million Maintains Industry-Leading Balance Sheet with $281 Million...
- May 17th, 2021 at 4:44 pm

Cannabis REIT Launches $200 Million 5-Year Debt Offering

Innovative Industrial Properties Announces Launch of $200 Million Offering of Senior Notes Due 2026 SAN DIEGO, May 17, 2021–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today...
- May 17th, 2021 at 9:06 am

HempFusion to Buy Topical CBD Manufacturer Apothecanna for $15 Million

HempFusion Signs Definitive Agreement to Acquire Pioneering CBD Brand Apothecanna DENVER, May 17, 2021–(BUSINESS WIRE)–HempFusion Wellness Inc. (TSX:CBD.U) (US:CBDHF) (FWB:8OO) (“HempFusion” or the “Company”), a leading health and wellness Company offering...
- May 17th, 2021 at 7:54 am

Grupo Flor Acquires San Jose Dispensary for $16 Million

Grupo Flor, One of California’s Largest Vertically Integrated Cannabis Companies, Acquires San Jose’s White Fire Dispensary SAN JOSE, Calif.–(BUSINESS WIRE)– California cannabis retail leader Grupo Flor today announced the...
- May 13th, 2021 at 6:15 pm

Schwazze Generates $19.3 Million Revenue in Q1

Schwazze Announces First Quarter Results Revenue Increases 504% to $19.3 Million Compared to $3.2 Million During the Same Period Proforma Revenue Estimated at $26.8 Million Raising Low End of...
- May 13th, 2021 at 5:02 pm

Hydrofarm Q1 Revenue Increases 67% to $111 Million

Hydrofarm Holdings Group Announces First Quarter 2021 Results Company Updates Full Year 2021 Outlook FAIRLESS HILLS, Pa., May 13, 2021 (GLOBE NEWSWIRE) — Hydrofarm Holdings Group, Inc. (“Hydrofarm” or...
- May 13th, 2021 at 4:35 pm

Trulieve Q1 Revenue Increases 102% to $194 Million

Trulieve Reports Record First Quarter 2021 Revenue of $193.8M, Net Income of $30.1M and Adjusted EBITDA of $90.8M Achieved 13th consecutive quarter of profitability; Announces definitive agreement to acquire...
- May 13th, 2021 at 7:04 am

GTI Q1 Revenue Increases 90% to $194 Million

Green Thumb Industries Reports First Quarter 2021 Results CHICAGO and VANCOUVER, British Columbia, May 12, 2021 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“Green Thumb,” or the “Company”) (CSE:...
- May 12th, 2021 at 4:36 pm

GrowGeneration Q1 Revenue Increases 173% to $90 Million

GrowGeneration Reports Record First Quarter 2021 Financial Results and Raises Full-Year 2021 Guidance Record Revenue increased 173% to $90 million; 2021 Revenue Guidance Raised to $450-$470 million and Adjusted...
- May 12th, 2021 at 4:26 pm

5 Essential Ideals for Federal Cannabis Legalization

Should Federal Cannabis Legalization Follow Any Particular State’s Example? Guest post by Jay Czarkowski, Founding Partner at Canna Advisors State, by state, by state: Rules and regulations vary widely,...
- May 12th, 2021 at 12:56 pm