Marijuana Stocks & Publicly Traded Cannabis Companies

Canopy cannabis woes drives huge loss at alcohol giant Constellation

Constellation Brands, a New York-state based alcohol giant, on Thursday reported a net loss of $525.2 million in its most recent quarter, with most of the loss coming from its 38% stake in cannabis company, Canopy Growth. The red ink underscores the uncertainties mainstream companies face when partnering with a business involved in the emerging […]

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Tilt Holdings founders to forfeit stock options with cannabis firm

Tilt Holdings, a Massachusetts-based marijuana company, said it reached an agreement with six of its founders to forfeit their stock options. The company said approximately 60 million options were forfeited. The options were associated with more than $47 million of expenses during the second quarter of Tilt’s fiscal 2019. Tilt reported a net loss of […]

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Cresco Labs to sell marijuana facilities to REIT for $46.3M under leaseback deal

Chicago-based Cresco Labs will sell two cultivation and processing facilities in Illinois to Innovative Industrial Properties, a real estate investment trust company (REIT), for $46.3 million as the multistate operator prepares for a “significant increase in demand” when recreational marijuana sales become legal in the state Jan. 1. The facilities, which will continue to be […]

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Marijuana compliance firm Akerna reports increased revenue, higher losses

Denver-based Akerna, a cannabis technology compliance provider, on Monday reported revenue of approximately $11 million for its fiscal year. The revenue figure for its fiscal year ended June 30 was 4.2% higher during the same period in 2018. Net loss for fiscal 2019 totaled $12.3 million compared with a net loss in fiscal 2018 of […]

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Why marijuana firms are paying attention as higher education expands MJ course offerings across the US

Cannabis businesses are taking careful note as professional marijuana courses and programs spring up at universities and other educational institutions across the country. Examples include – to name a few – Northern Michigan University, the College of Southern Nevada, the University of Denver and Florida Gulf Coast University, with colleges offering a huge variety of […]

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Week in Review: Vape crisis continues, federal cannabis bill moves, Utah licenses & more

State regulators from across the country react to the vaping crisis, a federal marijuana banking bill sees movement, Utah ups its medical cannabis licensing opportunities – and more of the week’s top marijuana business news. States’ responses to vaping crisis State regulators nationwide have begun responding in earnest to the vaping illness epidemic, which now stands […]

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Linton back in cannabis business as chair, investor and adviser

Ousted Canopy Growth co-CEO Bruce Linton is getting back into the marijuana business in a big way, resurfacing as a senior executive, investor and adviser in three separate companies in the U.S. and Canada. Linton is joining Michigan-based Gage Cannabis Co. as executive chair, parent company Wolverine Partners said Tuesday. Gage said in a news […]

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Cresco Labs, Origin House near closing cannabis deal

Cresco Labs, the Chicago-based multistate marijuana operator, said its acquisition of Canada’s Origin House, a major MJ distributor in California, is significantly closer to completion following further compliance with antitrust requirements. The two companies are now set to compete the transaction by Nov. 15 at the latest. Cresco agreed to acquire Origin House, based in […]

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Cresco Labs acquires marijuana company Tryke for $282.5 million

Chicago-based Cresco Labs said it is buying Tryke, a vertically integrated private cannabis company active in Nevada and Arizona, for $282.5 million. Here are the basics around the announcement: The $282.5 million price tag is made up of $55 million in cash and the balance in stock. Tryke posted revenue of $70.4 million in fiscal […]

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Medicine Man Technologies buying Colorado marijuana firm for $31 million

Denver-based Medicine Man Technologies continues its recent acquisition tear, announcing on Wednesday it is paying $31 million in stock and cash for Strawberry Fields, a cannabis operator based in Colorado Springs, Colorado. Strawberry Fields, which has worked with Medicine Man Technologies for many years, owns four recreational dispensaries in Colorado – two in Pueblo – […]

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