Cannabis

The Global Cannabis Stock Index fell for the fifth consecutive month, declining 7.8% to 52.67: The index, which was down 8.7% during Q2, had 44 qualifying members during the month following the quarterly rebalancing at the end of June. After increasing 5.2% in 2020 to 44.39, it is now up 18.7% in 2021. It has declined 43.1% from […]

urban-gro, Inc. Completes Acquisition of MJ12 Design Studio and Forecasts the Addition of $7-$9M of High Margin Services Revenue Management expects MJ12 Design Studio and its parent company to generate $7-$9 million of revenue and $1.5-$2.0 million of Adjusted EBITDA over the next 12-month period; Management expects that the synergies of adding architectural planning and […]

The American Cannabis Operator Index fell for the fifth straight month after having scored five straight monthly gains, declining 10.7% to 62.66: After gaining 45.7% in 2020, when it ended at 63.05, the index is down 0.6% in 2021 and has gained 81.5% over the past year: The index, which launched at the end of October 2018 […]

Jushi Holdings Inc. Pre-Announces Second Quarter 2021 Financial Results and Provides Earnings Conference Call Details Revenue increased 14.6% to $47.7 million as compared to the first quarter 2021 Net Loss of $11.4 million, a $15.4 million improvement as compared to the first quarter 2021 Adjusted EBITDA(A) of $4.6 million Company to host Q2 2021 earnings call on August […]

After breaking a three-month losing streak with a 1% gain in June, the Canadian Cannabis LP Index fell sharply in July, declining 9.8% to  324.18: The index, which fell 30.1% in 2020 to end at 275.16, is up 13.6% over the past year and 17.8% year-to-date in 2021: It remains substantially below the all-time closing high of 1314.33 in […]

Following up on our recent discussion of how cannabis investors have embraced publicly traded ancillary companies, New Cannabis Ventures launched its seventh proprietary index, the Ancillary Cannabis Index at the end of March. After declining 4.6% in April and 2.5% in May, the index rose 3.3% in June. In July, it dipped 5.4% to 90.85, outperforming the overall cannabis […]

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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  Cannabis stocks ended a bad month on a good note. Health Canada added 6 new licenses, leaving the total now at 738. 420 Investor model portfolios have gained 34.8-71.2% year-to-date, while the […]

  Jushi Holdings Inc. Receives ~$14.4 Million Interim Arbitration Award Arbitration Panel Rules in Favor of Jushi in a Breach of Contract and Breach of Implied Covenant of Good Faith Claims Against San Felasco Nurseries, Inc. BOCA RATON, Fla., July 30, 2021 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: […]