Cannabis Company News

Trulieve Q2Revenue increases 26% from Q1 to $121 Million

Trulieve Reports Strong Consecutive Growth and Raises Guidance Solid operational results from achieving scale of cultivation and store footprint, provides industry leading free cash flow this quarter TALLAHASSEE, Fla.,...
- August 12th, 2020 at 7:23 am

Acreage Holdings Generates $27.1 Million Revenue in Q2

Acreage Holdings Reports Second Quarter 2020 Results NEW YORK, Aug. 11, 2020 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) today reported financial results...
- August 11th, 2020 at 6:06 pm

Vireo Closes $37 Million Pennsylvania Asset Sale

Vireo Health Completes Sale of Equity in Pennsylvania Medical Solutions to Jushi Holdings Inc. for Total Consideration of $37 Million Transaction secures Vireo’s financial future without dilutive impacts to...
- August 11th, 2020 at 1:56 pm

Cannabis REIT Q2 Revenue Increases 183% to $24.3 Million

Innovative Industrial Properties Reports Second Quarter 2020 Results Investments Drive 183% Q2 Total Revenues, 322% Q2 Net Income and 263% Q2 AFFO Growth Year-over-Year SAN DIEGO, August 05, 2020–(BUSINESS...
- August 5th, 2020 at 4:49 pm

Supreme Cannabis Restructures $100 Million Convertible Debt

Supreme Cannabis Announces Agreement to Partially Convert and Amend Debentures Supreme Cannabis reduces principal amount to $36.5 million from $100.0 million Extends maturity date on $36.5 million of remaining...
- August 4th, 2020 at 8:39 am

Cannabis Stocks Jump 9% in July to Extend Q2 Gains

Cannabis stocks recovered nearly all of the losses from June during July, with the Global Cannabis Stock Index increasing 9.0% to 32.07: The index, which had 37 qualifying members during the...
- August 3rd, 2020 at 1:43 pm

FDA Expands GW Pharma’s Epidiolex Label

FDA Approves EPIDIOLEX® (cannabidiol) Oral Solution to Treat Seizures Associated with Tuberous Sclerosis Complex – Age-range for all EPIDIOLEX indications expanded to include patients one year of age and...
- August 3rd, 2020 at 7:35 am

American Cannabis Operator Stocks Soar 27% in July

Adding to a 29% gain in Q2 despite a pullback in June, the American Cannabis Operator Index rocketed higher in July, increasing 26.7% to 34.53: The index, which launched at the...
- August 2nd, 2020 at 6:00 pm

Emerald Health to Sell Quebec Subsidiary for $21 Million

Emerald Health Therapeutics and Quinto Resources Enter into Share Purchase Agreement for Sale of Quebec Cannabis Business Vancouver, British Columbia–(Newsfile Corp. – July 31, 2020) – Emerald Health Therapeutics,...
- July 31st, 2020 at 7:41 am

How to Assess Cannabis Operator Intangible Assets

Intangible Assets in the Cannabis Industry – Measuring the Success of Acquisitions Guest Post by Noam Hirschberger, CFA, CVA, Principal, Co-Lead of Cannabis Practice at PKF O’Connor Davies In the...
- July 29th, 2020 at 10:54 am

Curaleaf Closes Grassroots Cannabis Acquisition

Curaleaf Completes the Acquisition of Grassroots Creating the World’s Largest Cannabis Company Market Leading U.S. Presence Across 23 States with Over 135 Dispensary Locations and Licenses Mitchell Kahn, Grassroots...
- July 23rd, 2020 at 8:40 am