Canadian cannabis and alcohol company SNDL is implementing wide-ranging cost-cutting measures to reduce expenses and improve efficiencies.
Chris Casacchia
Chris Casacchia's Latest Posts
Cannabis MSO Ascend seeks ‘financial flexibility’ via $235M private placement
Cannabis multistate operator Ascend Wellness Holdings said it’s received commitments to raise $235 million in a private placement.
Metrc secures $113M cannabis track-and-trace contract extension in California
California’s cannabis regulatory agency has extended the state’s contract with Florida-based marijuana track-and-trace software company Metrc.
Cannabis tech provider Lucid Green raises $1.4 million for expansion
Lucid Green, a cannabis supply-chain service provider based in New York, said it has raised $1.4 million to fund expansion into new markets.
Florida’s Libertarian Party backs ballot measure legalizing adult-use cannabis
The Libertarian Party of Florida is throwing its weight behind a November ballot measure that would legalize adult-use cannabis, and recent polling suggests passage.
When will Ohio launch adult-use cannabis sales? Here’s what we know
The calendar has flipped well into July and Ohio regulators have yet to grant any final approvals for retailers to launch adult-use sales.
SNDL acquires Delta 9 Cannabis debt for CA$28.1 million, agrees to buy Indiva
Canadian marijuana and alcohol company SNDL has acquired the debt of Delta 9 Cannabis for 28.1 Canadian dollars ($20.6 million) and entered a stalking-horse agreement to purchase distressed edibles maker Indiva.
California cannabis operators pivot to comply with new vape law
California brands and retailers are implementing new vape packaging and disposal initiatives in response to a newly enacted state law.
Judge keeps Alabama medical marijuana licensing on hold
An Alabama judge has extended a temporary restraining order on the issuance of medical marijuana business licenses in yet another delay to the market’s launch.
New Connecticut law restricts THC beverage sales to liquor, cannabis stores
Sales of THC-infused beverages in Connecticut now will be allowed only at state-licensed liquor stores and cannabis retailers.
California recalls 5 West Coast Cure marijuana products, cites pesticides
California regulators on Tuesday announced five more marijuana product recalls related to banned pesticides in a scandal that has rocked the market for the past month.
IRS warns cannabis operators that 280E taxes still must be paid
The IRS is reminding marijuana companies that taxes under Section 280E of the Internal Revenue Code still must be paid because of the drug’s Schedule 1 status.
