Calgary, Alberta-based marijuana retailer High Tide is spending $8 million to acquire Smoke Cartel, a U.S. e-commerce website that sells cannabis accessories and CBD products. Under terms of the deal, High Tide will pay $2 million in cash and $6 million in High Tide...
Arizona approved 73 dispensaries to start selling recreational marijuana on Friday, launching the state’s adult-use cannabis program with sales beginning less than three months after voters approved the new market.
U.S. tobacco firm Pyxus International is divesting its Canadian cannabis subsidiaries, with plans to sell off the companies and “focus on its more profitable tobacco and e-liquid businesses.”
Canadian cannabis products recalled in January include defective all-in-one vape pens from Hexo Corp. as well as moldy marijuana from Saskatchewan processor AgroGreens Natural Products and mislabeled bud from Manitoba's Delta 9 Bio-Tech. Hexo's recall, announced Jan....
Multistate cannabis operator Verano Holdings raised $100 million in subscription receipt financing in connection with a reverse-takeover deal that will see the company go public on the Canadian Securities Exchange.
Embattled Canadian cannabis producer CannTrust Holdings on Wednesday announced a restructuring support agreement that will pave the way for the company to settle shareholder lawsuits as it restructures.
A South Portland, Maine, recreational cannabis retailer has run afoul of the state's marijuana regulator over its logo, which depicts a mermaid holding a shell. SeaWeed Co. owner Scott Howard faces a $10,000 fine over the "willful use of a...
Chicago-based multistate cannabis operator Cresco Labs priced an overnight marketed share offering, designed to raise roughly $125 million, at 16 Canadian dollars ($12.56) per share. The offering of Cresco's Canadian subordinate voting shares was announced Thursday....
Brick-and-mortar cannabis stores in Canada's largest recreational marijuana market are still permitted to offer home delivery and curbside pickup during a government stay-at-home order, although their operating hours have been restricted and construction of new stores...
Canadian cannabis company Aphria on Thursday reported increased quarterly revenue for the quarter ended Nov. 30, with a net loss of 120.6 million Canadian dollars ($95.3 million).
Sales of 1-gram cannabis flower packages tumbled in multiple North American marijuana markets last year, likely related to consumers who shopped less often because of the COVID-19 pandemic but made larger purchases when visiting a dispensary. The shift away from...
Massachusetts-based marijuana testing company ProVerde Laboratories shut down its Portland, Maine, location after municipal authorities said it was operating without the necessary local authorizations.
