Cannabis Company News

Charlotte’s Web Prices C$67.5 Million Unit Offering at C$6.75

Charlotte’s Web Announces C$67,500,000 Underwritten Public Offering BOULDER, Colo., June 16, 2020 /CNW/ – Charlotte’s Web Holdings, Inc. (“Charlotte’s Web”, or the “Company”) (TSX: CWEB) (OTCQX: CWBHF), the market...
- June 16th, 2020 at 9:15 am

Vireo Health Q1 Revenue Increases 110% to $12.1 Million

Vireo Health Announces First Quarter 2020 Financial Results First-quarter revenue of $12.1 million increased 34% sequentially and 110% year-over-year  Minimal capex requirements position Company for stronger second half compared...
- June 16th, 2020 at 7:25 am

Charlotte’s Web Acquires Abacus Health Products

America’s Largest Vertically Integrated CBD Company Now Has Distribution Through More Than 21,000 Unique Retail Doors BOULDER, Colo., June 11, 2020 /CNW/ – Charlotte’s Web Holdings, Inc. (“Charlotte’s Web”...
- June 11th, 2020 at 10:58 am

Pandemic Pauses Planet 13 Growth in Q1

Planet 13 Announces First Quarter 2020 Financial Results Q1 2020 Revenue of $16.8 million; EBITDA of $2.5 million SuperStore accounted for 10.1% of all Nevada cannabis dispensary revenue in...
- June 1st, 2020 at 5:03 pm

Global Cannabis Stock Index Constituents Gain 27% in May

Cannabis stocks accelerated their rally in May, with the Global Cannabis Stock Index gaining 27.0% to 32.52: The index, which had 35 qualifying members during the month following the quarterly rebalancing...
- June 1st, 2020 at 1:13 pm

Valens Arranges $40 Million Secured Debt Facility with CIBC and ATB

The Valens Company Enters into $40 Million Debt Facility KELOWNA, BC, June 1, 2020 /PRNewswire/ –Valens GroWorks Corp. (TSX: VLNS) (OTCQX: VLNCF) (the “Company” or “The Valens Company”), a global leader in the end-to-end development...
- June 1st, 2020 at 7:27 am

Canadian Cannabis Stocks Extend Spring Surge in May

Canadian licensed producers, after twelve consecutive monthly declines through March, posted their second straight gain during May, with the Canadian Cannabis LP Index rising 20.2% to 319.23, far surpassing the performance...
- May 31st, 2020 at 5:59 pm

American Cannabis Operator Stocks Soar 35% in May

Following twelve consecutive monthly declines and then a modest gain in April, the American Cannabis Operator Index extended its rally off of its all-time low set in March, increasing 34.7% to...
- May 31st, 2020 at 12:54 pm