A cannabis-friendly hotel in Las Vegas will open this spring after the tourist city approved marijuana consumption lounges last year.
Solomon Israel
Solomon Israel's Latest Posts
IM Cannabis to raise up to $5.5 million; Trichome Financial sale approved
Publicly traded international medical cannabis company IM Cannabis Corp. is launching two non-brokered private placements to raise as much as $5.5 million.
Proposed cannabis store in British Columbia airport fails to take flight
A high-profile plan to open a first-in-the-world recreational cannabis store inside an airport terminal in Prince George, British Columbia, has been scrapped, apparently a victim of shifting economic conditions.
Marijuana software firm Akerna sells asset for much less than it paid
Marijuana industry software firm Akerna Corp. sold enterprise resource planning software 365 Cannabis back to some of 365’s previous investors in a deal worth roughly $2.8 million, significantly less than what Akerna paid to acquire the company in 2021.
Canadian cannabis company Organigram achieves CA$5.3 million quarterly profit
Canadian cannabis producer Organigram Holdings swung to profitability during the first quarter of its 2023 fiscal year with net income of 5.3 million Canadian dollars ($4 million) despite a quarter-over-quarter decline in revenue.
British Columbia survey finds cannabis-user support for consumption spaces
The government of British Columbia found overall support for adult-use marijuana consumption spaces among cannabis users and businesses in a 2022 public consultation – while nonusers and “some public health and safety organizations (and) local governments” expressed opposition.
Marijuana software company Springbig gets Nasdaq warning over share price
Springbig Holdings, a marijuana industry marketing and loyalty software company has been warned by the Nasdaq that its share price has fallen below the stock exchange’s minimum bid price requirement and faces potential delisting unless the company takes action.
Canadian marijuana company Delta 9 cutting capacity, jobs to save money
Winnipeg, Manitoba-based marijuana cultivator and retailer Delta 9 Cannabis is cutting its cultivation capacity by about 40%, including “a temporary layoff of approximately 40 staff,” as part of a plan to achieve positive cash flow from operations.
Cannabis, alcohol company Tilray reports revenue decline, hints at M&A
Canada-based cannabis and alcohol company Tilray Brands reported a second-quarter net loss of $61.6 million ($82.4 million Canadian dollars) on net revenue of $144.1 million.
Columbia Care subsidiary laying off 73 Pennsylvania cannabis workers
Green Leaf Medical, a subsidiary of cannabis multistate operator Columbia Care, is laying off 73 workers at its production facility in Saxton, Pennsylvania.
Colombian government-funded health insurance now covers medical cannabis
Government-funded health insurance in Colombia now includes medical cannabis coverage, potentially expanding the market for therapeutic marijuana in the South American country.
Aurora Cannabis sells closed Polaris facility for proceeds of CA$15 million
Canadian marijuana producer Aurora Cannabis sold off its former Aurora Polaris facility to an unspecified buyer for gross proceeds of 15 million Canadian dollars ($11.1 million).
