Tilray Reports $53.7 Million Cannabis Revenue in Q4 With 44% Adjusted Gross Margin

Tilray, Inc. Reports 2021 Fiscal Year and Fourth Quarter Results Net Revenue Increased 27% to $513 Million Compared to Prior Year Net Income of $33.6 Million, Adjusted EBITDA of $12.3 Million, Net Cash from Operating Activities of $8.3 Million and Positive Free Cash Flow of $3.3 Million in Q4 Completed Business Combination with Aphria Inc., […]

The Valens Company Enters Agreement with Harvest One to Manufacture and Distribute Leading Cannabis-Infused Topical Brand LivRelief

Valens signs number one cannabis-infused topical brand in Canada with over 20% market share1 LivRelief cannabis-infused topical creams are currently available in three formats: CBD, 1:1 THC:CBD, and the newly launched extra strength CBD KELOWNA, BC, July 28, 2021 /PRNewswire/ – The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the “Company,” “The Valens Company” or “Valens”), a leading manufacturer of cannabis products, […]

The Importance of Understanding Cannabis Testing Results

It can be challenging to translate highly technical test results into consumer-friendly language but being able to do so will enable businesses to build a stronger relationship with customers. Rely on your trusted lab partners to help design and deliver easy to understand, consumer friendly certificates of analysis.

The post The Importance of Understanding Cannabis Testing Results appeared first on Cannabis Industry Journal.

Lowell Farms Looks to Leverage Its Brand Power in California and Beyond Following Transformative M&A

Exclusive Interview with Lowell Farms CEO Mark Ainsworth Lowell Farms Chairman George Allen spoke with New Cannabis Ventures back in December 2020 when the company was Indus Holdings. Since then, the company has acquired Lowell Herb Co. and adopted the name Lowell Farms (CSE: LOWL) (OTCQX: LOWLF). The deal brought together the branding of Lowell […]

POSaBIT and springbig Announce Deep Point of Sale Loyalty Integration

SEATTLE, July 26, 2021–(BUSINESS WIRE)–POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, is pleased to announce a partnership with springbig, a leading provider in cannabis loyalty marketing and communications technology. This deep, two-way integration provides a frictionless experience for dispensaries and their customers, offering a better loyalty […]

Verano to Expand Nevada Presence With $29 Million Acquisition of Sierra Well

Verano to Acquire Sierra Well, Expanding Nevada Distribution with Two Top-Performing Dispensaries in Reno, Carson City and Additional Active Cultivation Capacity Transaction Benefits & Market Impact Addition of two fully-operational and top-performing dispensaries in Reno and Carson City expands strategic retail coverage of Northern Nevada. The neighboring cities have a combined population of over 300,000 residents […]

Upcoming American Cannabis Earnings Reports Should Reinforce Strong Industry Fundamentals

You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. Subscribe to receive our free weekly newsletter in […]

What’s New With Cannabis Stocks for the Week Ending 07/23/21

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  The Ohio medical cannabis program continues to expand. Canadian retail cannabis sales hit a record C$313 million in May. Health Canada added 7 new licenses, leaving the total now at 732. 420 […]

TILT Holdings Secures $10 million Asset-Based Revolving Credit Facility

TILT Holdings Enters Into New $10 Million Revolving Credit Facility PHOENIX, July 23, 2021 (GLOBE NEWSWIRE) — TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, announced today that its subsidiary, Jupiter Research, LLC (“Jupiter”), […]

IM Cannabis Sees Q2 Revenue at $11-12 Million

IM Cannabis Provides Update on German Operations and Financial Outlook TORONTO, ON, BAD OLDESLOE, GERMANY, and GLIL YAM, ISRAEL / ACCESSWIRE / July 23, 2021 / IM Cannabis Corp. (“IMC” or the “Company”) (CSE:IMCC) (NASDAQ:IMCC), a multi-country operator (“MCO”) in the medical and adult-use recreational cannabis sector with operations in Israel, Germany and Canada, announces […]