Aurora Cannabis, one of Canada's largest marijuana companies, sold its remaining stake in Toronto-based The Green Organic Dutchman for 86.5 million Canadian dollars ($64.9 million). The sale, which gave Aurora an approximate return of 50% on...
Nick Thomas
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Illinois restricts cannabis electricity and water use
Illinois, the latest state to legalize recreational marijuana, is tightening its laws on electricity and water usage for cannabis growers. A state law signed by Gov. Jay Pritzker places limits on the amount of water and electricity growers can use as well as setting...
Vireo Health moving fast as it focuses on cannabis science, consumers and shareholder value
Vireo Health, the Minneapolis-based vertically integrated cannabis company, has been very busy since it started trading on the Canadian Securities Exchange March 20. The physician-led group, which trades under the ticker VREO, has made acquisitions in four states...
Harvest Health & Recreation reports improved marijuana revenue, net quarter loss
Arizona-based Harvest Health & Recreation, a major multistate operator, reported revenue of $26.6 million for the second quarter, a 153% jump from the $10.5 million booked in the same period last year. Net loss for the second quarter,...
Cannabis firm Tilray’s revenue up, but wider loss reported
Canadian marijuana company Tilray on Tuesday reported revenue of 60.9 million Canadian dollars ($45.9 million) for the second quarter, up almost four times from the same period in 2018. Net loss for the period, which ended June 30, was $35.05...
Acreage reports improved cannabis revenue, net loss for quarter
Acreage Holdings, a New York-based multistate marijuana operator, on Tuesday reported net quarterly revenue of $17.7 million for the three months ended June 30, up more than five times from the same period last year. Net loss totaled $33.9...
Clio, High Times partner to launch cannabis marketing awards
High Times, the cannabis media group, is partnering with creative industry awards organization Clio to launch Clio Cannabis, a marketing and advertising awards competition.
Curaleaf fined $250K for Massachusetts marijuana ownership snafu
Massachusetts-based Curaleaf was fined $250,000 for failing to disclose a change of ownership structure related to its cannabis operations in the state.
Cresco receives regulatory approval for New York marijuana license deal
Chicago-based Cresco Labs, one of the country's largest multistate cannabis operators, received regulatory approval to acquire one of only 10 vertically integrated licenses in New York. The license, which will allow for one cultivation and...
Cronos boosts quarterly marijuana revenue, reports operational loss
Toronto-based Canadian cannabis company Cronos Group on Thursday reported second-quarter revenue of 10.24 million Canadian dollars ($7.7 million), triple the CA$3.4 million the firm declared in the same period last year. Net revenue for the...
Thrive Capital to invest in marijuana company LeafLink
Thrive Capital Management, an investment company whose founder has ties to the Trump administration, is set to invest in the marijuana industry for the first time, leading a $35 million funding round for online cannabis inventory and ordering platform LeafLink.
Alaska credit union to nix pilot banking program for cannabis-related businesses
A credit union in Alaska will soon end a program it launched to provide some marijuana businesses in the state with checking and savings accounts in an attempt to reduce their reliance on cash. Anchorage-based Credit Union 1 said it...
