Multistate marijuana company Ayr Wellness has reached agreements to defer by two years principal or amortization payments on debt obligations worth roughly $69 million.
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Marijuana company Tilray closes Hexo acquisition, eyes cost savings
Cannabis and beverage alcohol company Tilray Brands has closed its acquisition of Canadian cannabis producer Hexo Corp., creating what Tilray described as “Canada’s largest cannabis company by revenue.”
Canadian recreational cannabis sales grow 1.3% to CA$411.7 million in April
Consumers in Canada spent 1.3% more on legal recreational cannabis in April compared to March, for total monthly sales worth 411.7 million Canadian dollars ($313 million).
Canadian cannabis operator Organigram consolidating shares to stay on Nasdaq
Canadian cannabis cultivator and manufacturer Organigram Holdings plans to consolidate its shares on a 4-to-1 basis in order to maintain its U.S. equity listing on the Nasdaq exchange.
New Rhode Island law allows marijuana retail advertisements
Rhode Island is now allowing some advertisements by retail licensees who sell both medical and recreational marijuana.
Cannabis retail chain Fire & Flower to be cut from Toronto Stock Exchange
Financially distressed Canadian cannabis retail company Fire & Flower Holdings is being delisted from the Toronto Stock Exchange after filing for creditor protection earlier this month.
Canadian cannabis retailer High Tide narrows quarterly net loss to CA$1.6M
Major Canadian cannabis retail chain High Tide posted a net loss of 1.6 million Canadian dollars ($1.2 million) for its second quarter on revenue of CA$118.1 million.
Connecticut marijuana sales approach $23 million in May
Combined sales of recreational and medical marijuana in Connecticut totaled nearly $22.8 million in May, surpassing the previous monthly record of $22.1 million set in March.
Alabama awards 21 medical cannabis business licenses, with more to come
Alabama cannabis regulators awarded licenses to 21 medical marijuana companies as the state gears up to launch its legal MMJ program.
Quebec cannabis retail monopoly SQDC posts CA$94.9 million annual net income
The Société québécoise du cannabis (SQDC), the monopoly retailer of legal recreational cannabis in Canada’s second-most-populous province, reported a net income of 94.9 million Canadian dollars ($71 million) for its fiscal year ended March 25.
Washington state cannabis regulator gives pesticide contamination update
Washington’s cannabis regulator provided an update on pesticide contamination in marijuana produced in the north-central area of the state, nearly two months after putting some MJ cultivators on “administrative hold” for an investigation.
San Francisco to pause taking new cannabis retail business applications
San Francisco authorities placed a moratorium on accepting new applications for cannabis retail business licenses after a unanimous vote by the city’s Board of Supervisors.
