Saturday, January 16, 2021
Chicago-based multistate cannabis operator Cresco Labs priced an overnight marketed share offering, designed to raise roughly $125 million, at 16 Canadian dollars ($12.56) per share. The offering of Cresco’s Canadian subordinate voting shares was announced Thursday. The...
Brick-and-mortar cannabis stores in Canada’s largest recreational marijuana market are still permitted to offer home delivery and curbside pickup during a government stay-at-home order, although their operating hours have been restricted and construction of new stores must be halted.
Steve DeAngelo is one of the marijuana industry’s most high-profile pioneers. But earlier this month, DeAngelo and the Oakland, California-based company he co-founded in 2006, Harborside, formally parted ways. Moreover, the role of chair emeritus, which DeAngelo held starting in...
In order to be effective at leveraging social media for business, managers must understand social media best practices constantly are evolving. This is especially true as we continue to deal with the unprecedented landscape created by the COVID-19 pandemic....
A California judge ruled this week that state marijuana regulators have 30 days to inform businesses of a new ban on billboard advertising. San Luis Obispo County Superior Court Judge Ginger Garrett ruled in November that billboards advertising cannabis sales...
Cannabis employees in Maryland will be placed at the top of the list, alongside health-care providers, for receiving the state’s first wave of COVID-19 vaccinations. That status further confirms the “essential” designation that cannabis businesses and their workers received when...
Marijuana multistate operator Cresco Labs entered a definitive agreement to acquire Bluma Wellness for $213 million in an all-stock transaction in a move to expand into Florida’s fast-growing medical cannabis market. Bluma, under its operating subsidiary “One Plant Florida,” has...
Canadian cannabis company Aphria reported increased quarterly revenue on Thursday for the quarter ended Nov. 30, with a net loss of 120.6 million Canadian dollars ($95.3 million). The Ontario-based firm posted net revenue of CA$160.5 million,...
Portland, OR and Stoughton, MA – SciPhy Systems & Artisan Industries Inc. have introduced an exciting new Solvent Recovery system, specifically designed for processing hemp. This cutting-edge equipment is the result of a collaboration between the two companies with the...
Sales of 1-gram cannabis flower packages tumbled in multiple North American marijuana markets last year, likely related to consumers who shopped less often because of the COVID-19...
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