HEXO to Acquire Redecan for $925 Million

HEXO Corp announces acquisition of Redecan to create Canadian market leader in adult-use sales Combined company would hold number one market-share in Canadian recreational cannabis and hold number one...

- May 28th, 2021 at 7:28 am

HEXO Corp Borrows $360 Million to Fund Potential Canadian LP Acquisition

HEXO Corp Announces Public Offering of Senior Secured Convertible Notes OTTAWA, May 27, 2021 (GLOBE NEWSWIRE) — HEXO Corp (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) announced today...

- May 27th, 2021 at 11:17 pm

Planet 13 Q1 Revenue Increases 42% to $23.8 Million

Planet 13 Announces Q1 2021 Financial Results Q1 2021 Revenue of $23.8 million Planet 13 accounted for 8.6% of all Nevada cannabis dispensary revenue in Q1 Q1 2021 EBITDA...

- May 27th, 2021 at 4:59 pm

Gage Growth Q1 Revenue Increases 219% to $17.6 Million

Gage Growth Corp. Announces Record First Quarter 2021 Results and Provides Business Update Record Q1 2021 revenue of $17.6 million, an increase of 219.4% YoY and 67.9% quarter over...

- May 27th, 2021 at 4:35 pm

Cresco Labs Q1 Revenue Increases 169% to $178 Million

Cresco Labs Announces First Quarter 2021 Financial Results Under U.S. GAAP Company reports record revenue of $178 million and expects to reach annualized revenue run-rate of more than $1...

- May 27th, 2021 at 8:05 am

Ayr Strategies Q1 Revenue Increases 74% to $58.4 Million

Ayr Wellness Reports First Quarter 2021 Results Q1 Revenue up 74% Y/Y to $58.4 Million Q1 Adjusted EBITDA of $20.0 million on an IFRS basis; $18.4 million on a...

- May 26th, 2021 at 4:37 pm

Valens Raises $40 Million Selling Units at $3.30

The Valens Company Announces CDN$40 Million Bought Deal Offering of Units KELOWNA, BC, May 25, 2021 /CNW/ – The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the “Company”, “The...

- May 25th, 2021 at 5:19 pm

Strong Cannabis Operations Growth Helps Drive TILT Holdings Q1 Revenue 15% Higher to $46.8 Million

TILT Holdings Reports Record First Quarter 2021 Financial Results Record Q1 Revenue of $46.8 Million up 15% YoY and 11% QoQ Record Adjusted EBITDA of $6.2 Million up 28%...

- May 25th, 2021 at 4:34 pm

Power REIT to Enter Michigan Cannabis Market With Pending $18.5 Million Purchase

Power REIT Signs Agreement to Acquire 522,530 Square Foot Greenhouse Cultivation and Processing Facility for $18.5 Million Greenhouse will be Operated as a Michigan Regulated Cannabis Cultivation and Processing...

- May 25th, 2021 at 3:04 pm

Village Farms Prepares for a Regulatory Shift in the U.S. As It Leads the Flower Segment in Canada

Exclusive Interview with Village Farms President and CEO Michael DeGiglio Village Farms (NASDAQ: VFF) (TSX: VFF) has more than 30 years of greenhouse growing experience, ranging from cut flowers...

- May 25th, 2021 at 1:58 pm

HempFusion to Acquire CBD Topicals Maker Sagely Naturals for $25 Million

HempFusion Signs Definitive Agreement to Acquire Leading CBD Brand Sagely Naturals DENVER, May 25, 2021–(BUSINESS WIRE)–HempFusion Wellness Inc. (TSX:CBD.U) (US:CBDHF) (FWB:8OO) (“HempFusion” or the “Company”), a leading health and wellness Company...

- May 25th, 2021 at 7:51 am

DEA Approved Bright Green To Build $300 Million Cannabis Facility in New Mexico

Bright Green Corporation to build $300M high-tech cannabis manufacturing and research facility in New Mexico Santa Fe, NM, May 24, 2021 (GLOBE NEWSWIRE) — Rural New Mexico will soon...

- May 24th, 2021 at 4:56 pm

Hydrofarm to Pay $125 Million for 2nd Nutrient Company Acquisition in 2021

Hydrofarm Enters into Agreement to Acquire House & Garden Manufacturer and Supplier of Hydroponic Nutrients and Equipment to Expand Hydrofarm’s Product Line and Market Position as Company Accelerates Strategic...

- May 24th, 2021 at 4:44 pm

4Front Q1 Revenue Increases 82% to $23 Million

4Front Ventures Reports First Quarter 2021 Financial Results and Provides Business Update Q1 2021 Systemwide Pro Forma Revenue of $31.4 million, an increase of 26% over Q4 2020 Q1...

- May 24th, 2021 at 4:24 pm

TILT Holdings Resets With a Unique B2B Cannabis Business Model

Exclusive Interview with Incoming TILT Holdings CEO Gary Santo TILT Holdings (CSE: TILT) (OTCQB: TLLTF) has been through a few different iterations since its inception. Now, President Gary Santo...

- May 24th, 2021 at 11:54 am

What’s New With Cannabis Stocks for the Week Ending 05/21/21

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more. Summary  Mississippi’s medical cannabis referendum win was...

- May 21st, 2021 at 5:04 pm

Cannabis Industry Lender AFC Gamma Looks Ahead to $500M Actionable Pipeline

Exclusive Interview with Advanced Flower Capital CEO Leonard Tannenbaum The last time Advanced Flower Capital Gamma (AFC Gamma) (NASDAQ: AFCG) CEO Leonard Tannenbaum spoke with New Cannabis Ventures, the...

- May 20th, 2021 at 1:37 pm

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

Cannabis Companies Kickoff 2021 With Strong Q1 Financial Results

The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis stocks that generate industry sales of more than US$12.5 million per...

- May 19th, 2021 at 1:58 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

High Tide Prices C$15 Million Unit Offering at C$9.60

High Tide Announces $15.0 Million Bought Deal Public Offering CALGARY, AB, May 18, 2021 /CNW/ – High Tide Inc. (“High Tide” or the “Company”) (TSXV: HITI) (OTCQB: HITIF) (FRA:...

- May 18th, 2021 at 6:03 pm

Ascend Wellness Nearly Triples Revenue in Q1 to $66.1 Million

AWH Announces Q1 2021 Financial Results Q1 2021 Revenue Increases 21.8% Sequentially to $66.1 Million Adds Five New Dispensaries Since the Beginning of 2021, Including Boston Flagship Location 2021...

- May 18th, 2021 at 4:44 pm

Edibles Maker Plus Products Positions for Growing California Cannabis Market

Exclusive Interview with Plus Products Co-Founder and CEO Jake Heimark Cannabis product company Plus Products (CSE: PLUS) (OTC: PLPRF) is focused on the edibles category in California and Nevada,...

- May 18th, 2021 at 12:17 pm

Verano Reports Q1 Pro Forma Revenue Increased 117% to $143 Million

Verano Holdings Announces First Quarter 2021 Results First quarter 2021 revenue of $143 million, growth of approximately 117% year-over-year Gross profit margin of over 62% for first quarter 2021...

- May 18th, 2021 at 7:48 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