Marijuana Sales, Funding & Banking News

Marijuana retailer Planet 13 reports Q1 revenue of $13.8 million

Planet 13, a Nevada-based company that runs what is said to be the largest cannabis entertainment center in the world, reported first-quarter revenue of $13.8 million, compared with $3.6 million in the same period a year ago. Net loss for the firm, which owns a 112,000-square-foot superstore in Las Vegas, totaled $1.15 million, compared with […]

Read More

Cannabis capital ‘rotating’ away from Canada to United States, analyst says

Marijuana businesses and investors seeking higher returns and more potential are looking beyond Canada’s relatively small and highly regulated market, according to analysts covering the still-nascent industry. “Many investors we have spoken to have begun to rotate capital from Canada to the U.S. on the fear that Canadian players will be unable to capture growth […]

Read More

Marijuana retailer Green Growth Brands logs quarterly net loss of $15.4 million

Green Growth Brands, an Ohio-based cannabis company, reported quarterly revenue of $5.6 million for the three months ended March 31. It did not report revenues for the same quarter last year. Net loss for the period totaled $15.4 million, compared with a net loss of $593,339 in the same period in 2018. Green Growth trades […]

Read More

Cannabis group Cresco Labs sees revenue increase, loss in first quarter

Cresco Labs, a Chicago-based, vertically integrated cannabis company, reported quarterly revenue of almost $21.1 million for the three months ended March 31, up from $5.1 million in the corresponding period in 2018. The company reported a net loss of $7.6 million for the period, compared with year-ago net income of $600,000, as it invested in […]

Read More

CBD maker Charlotte’s Web to start trading on Canada’s top stock exchange

Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer, said Wednesday it received approval to uplist to the Toronto Stock Exchange (TSX). The company expects to start trading on the TSX on May 31 and will maintain its Canadian Securities Exchange ticker symbol CWEB. The move to the TSX – the world’s ninth-largest exchange in terms of market […]

Read More

Multistate cannabis firm Acreage reports first-quarter net loss of $31.2 million

Acreage Holdings, a New York-based multistate cannabis operator, reported quarterly revenues of $12.9 million for the three months ended March 31, 2019. The company also reported a net loss for the period of $31.2 million. The company did not disclose in its news release how this compared to revenue and profit/loss for the year-ago period. […]

Read More

Is Massachusetts adult-use marijuana market being propped up by New Yorkers?

Customers making the trek from nearby New York are responsible for as much as 50% of recreational marijuana sales so far in Massachusetts, according to reporting by Crain’s New York Business. In Great Barrington, a town on Massachusetts’ western edge that’s only a one-hour drive from Albany and less than three hours from New York City, Theory […]

Read More

Chart: Arkansas medical marijuana sales top $353,000 via just two dispensaries, outpacing initial OH sales

Sales of medical marijuana in Arkansas are off to a strong start, with patients purchasing more than 50 pounds of cannabis in nearly 5,000 transactions in the first week dispensaries were open. The initial sales eclipsed those in Ohio, which has nearly four times the population. With sales underway, the Arkansas market could grow at a […]

Read More