Canopy Growth Q4 Revenue Falls 21% Sequentially to C$111.8 Million

Company Advances Premium Brand Driven Strategy, Laying a Foundation for Long-Term Sustainable Growth and Profitability SMITHS FALLS, ON, May 27, 2022 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) today announces its financial results for the fourth quarter and fiscal year ended March 31, 2022. All financial information in […]

Harborside Q1 Revenue Increases 14% Sequentially to $17.2 Million Ahead of Becoming StateHouse

 – Year over Year Net Revenues increased 38.8% to $17.2 million, including one month contribution from Urbn Leaf and no contribution from Loudpack – – Felicia Snyder appointed to board of directors – OAKLAND, Calif. and TORONTO, May 26, 2022 /PRNewswire/ – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically integrated cannabis enterprise, today filed its interim financial statements […]

Aurora Cannabis Raises $125 Million at a 76% Discount to Their Last Bought Deal 16 Months Ago

EDMONTON, AB, May 26, 2022 /CNW/ – Aurora Cannabis Inc. (“Aurora” or the “Company”) (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today has announced today that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity and BMO Capital Markets, under which the underwriters […]

Humble & Fume Q3 Revenue Decreases 4% Sequentially to C$16.1 Million

The Company is on schedule to execute its aggressive strategy to become the leading North American distributor for cannabis and cannabis accessories. Optimizing the business and driving toward profitability remains a priority. Stabilizing quarterly consolidated net revenue for the quarter of $16 million (-4% vs. Q2) while driving optimization and with an eye on profitability with operating […]

Ayr Wellness Closes Acquisition of Herbal Remedies Dispensaries, LLC

MIAMI, May 25, 2022 (GLOBE NEWSWIRE) — Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator (“MSO”), today announced it has closed the definitive agreement to acquire Herbal Remedies Dispensaries, LLC (“Herbal Remedies”), an operator of two licensed retail dispensaries in Quincy, Illinois. We are […]

One Month In: New Jersey Market Starts Growing

On April 21, 2022, a handful of cannabis retailers in the Garden State opened their doors to adults over 21, launching adult use cannabis sales in New Jersey. One month and over $24 million later, the state’s legal market is beginning to blossom.

The post One Month In: New Jersey Market Starts Growing appeared first on Cannabis Industry Journal.

Rhode Island Legalizes Adult Use Cannabis

Both chambers of the state’s legislature passed a measure with overwhelming majorities to legalize and regulate adult use cannabis. Governor McKee signed the bill into law on May 25th, making Rhode Island the 19th state to legalize adult use cannabis.

The post Rhode Island Legalizes Adult Use Cannabis appeared first on Cannabis Industry Journal.