48North, a vertically integrated marijuana producer based in Ontario, reported revenue of 689,203 Canadian dollars ($516,902) for the fiscal third quarter ended Mar. 31, 2019.
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Australis Capital to acquire Green Therapeutics brands, cannabis assets in NV for $8M
Australis Capital, the Las Vegas-based investment group that spun off of Canadian giant Aurora Cannabis, said it will acquire certain brands and cultivation assets of Nevada’s Green Therapeutics for approximately $8 million.
Northern Swan enlists major Democratic pols to boost Latin American cannabis push
Northern Swan, a New York-based marijuana investment group, installed two senior figures from the Democratic party to its advisory board to help navigate the company's focus on Latin America. Bloomberg reported that the company appointed Tom...
Canadian cannabis producer Organigram to list on Nasdaq
Organigram, a New Brunswick-based marijuana producer, will begin trading on the Nasdaq on May 21. The company will join other major Canadian producers listed on senior U.S. exchanges, such as Aurora Cannabis, Canopy Growth, Cronos and Tilray....
Green Organic Dutchman reports wider quarterly losses as cannabis production ramps up
The Green Organic Dutchman, a Toronto-based cannabis cultivator, reported a net loss of 14.1 million Canadian dollars ($10.6 million) for the first quarter, almost double the same period in 2018.
Marijuana firm Tilray revenue up nearly 200% in Q1; net loss grows on spending
Tilray, a British Columbia, Canada-based cannabis cultivator and distributor, reported revenue of $23 million for the first quarter of 2019, up 195% from the same period last year. The company's net loss, however, widened nearly sixfold on higher spending....
Acreage to sell cannabis real estate assets to newly formed REIT
New York-based marijuana company Acreage Holdings said it agreed to sell cannabis-related real estate to a newly formed real estate investment trust (REIT), GreenAcreage Real Estate Corp., under a leaseback agreement between the two companies. The price wasn't...
Natura closes $91 million financing to build California marijuana campus
California-based Natura Life + Science announced the completion of a $91 million raise to build a marijuana campus in the Golden State. The 265,000-square-foot facility will eventually include a vertically integrated platform that includes...
Marijuana company Columbia Care reports improved Q1 revenue, wider net loss
Columbia Care, a New-York based vertically integrated cannabis operator, reported revenue of $12.9 million for the first quarter ended March 31, 2019, up 45% from the same period last year thanks to "organic growth" and stronger consumer demand for its products....
Missouri’s Triad Bank now offering services to cannabis businesses
Missouri's medical marijuana industry has yet to launch, but that hasn't stopped one local bank from stepping up to provide services. Triad Bank, based in St. Louis suburb Frontenac, is offering deposit services to marijuana-related businesses such as processors,...
Marijuana group 4Front secures $50 million loan to help build facilities
Phoenix-based 4Front Holdings, a vertically integrated cannabis group, has secured a $50 million loan to help it build cultivation and production facilities connected with the company's expected merger with Cannex Capital. The deal with...
Cannabis group Greenlane reports net loss amid expansion
Greenlane, a Florida-based distributor of vape products, reported improved revenue of $49.9 million for the first quarter 2019, up 15.3% from the same period last year.
