Aurora Cannabis, one of Canada’s largest marijuana companies, sold its remaining stake in Toronto-based The Green Organic Dutchman for 86.5 million Canadian dollars ($64.9 million). The sale, which gave Aurora an approximate return of 50% on its initial investment, involved 28.8 million shares, or about 10.5% of The Green Organic Dutchman (TGOD). Though Aurora no […]
Read MoreMarijuana Stocks & Publicly Traded Cannabis Companies
Medicine Man Technologies’ acquisition of CO marijuana firm its ninth this year
A buying spree by Denver-based Medicine Man Technologies continues, with a deal announced Wednesday to buy Colorado Harvest Co. and its three cannabis storefronts for $12.5 million. Medicine Man Technologies said it is paying $4 million in cash and 2.8 million shares of common stock valued at $2.95 per share, equal to $8.5 million in […]
Read More
Green Thumb reports increased cannabis revenue on net quarter loss
Green Thumb Industries (GTI), a vertically integrated, multistate marijuana company based in Chicago, on Wednesday reported revenue of $44.7 million for the second quarter, up 228% from the same period a year ago. Net loss for the quarter, ending June 30, was $22.2 million, compared with a net loss of $9.7 million in the first quarter […]
Read More
Multistate marijuana company Curaleaf posts higher revenues, losses
Curaleaf Holdings, a multistate cannabis operator, reported revenue of $48.5 million in the second quarter, more than triple the $14.6 million in revenue during the same period of 2018. The Massachusetts-based company lost $24.4 million in the quarter, ending June 30, mostly due to noncash items and one-time, acquisition-related charges. That’s compared with a loss […]
Read More
Origin House cannabis revenues rise, but losses mount
Marijuana company Origin House posted revenue of 21.4 million Canadian dollars ($16 million) in the second quarter, a sixfold increase over the CA$3.5 million ($2.6 million) it reported for the same period a year ago. But the Ottawa-based company’s losses totaled CA$34.9 million ($26.2 million) for the quarter ending June 30, compared with a profit […]
Read More
iAnthus reports higher marijuana revenues, smaller loss
New York-based iAnthus Capital Holdings, a multistate cannabis company, on Tuesday reported revenue of $19.2 million for the second quarter, an increase from $256,000 from the same period a year ago. The net loss for the quarter ending June 30 totaled $9.3 million, compared with a loss of $35.4 million in the same period a […]
Read More
Green Thumb completes $60 million marijuana firm acquisition
Chicago-based Green Thumb Industries (GTI) announced Monday it completed its $59.6 million cash and stock acquisition of Fiorello Pharmaceuticals, one of 10 companies approved to operate a medical cannabis company in New York. Green Thumb purchased New York City-based Fiorello in a transaction involving $46 million in cash and 1.7 million shares. Fiorello’s assets include: […]
Read More
Cannabis retailer Green Growth inks first equity raise
Ohio-based Green Growth Brands, which last month agreed to buy a multistate operator that sells both medical and recreational marijuana, completed an initial equity raise for 50.2 million Canadian dollars ($37.8 million). Green Growth said in a statement that the raise is intended to fuel expansion, much like the company’s $310 million purchase in July of Moxie. […]
Read More
Vireo Health moving fast as it focuses on cannabis science, consumers and shareholder value
Vireo Health, the Minneapolis-based vertically integrated cannabis company, has been very busy since it started trading on the Canadian Securities Exchange March 20. The physician-led group, which trades under the ticker VREO, has made acquisitions in four states since then, entering the Arizona, New Mexico, Massachusetts and Nevada markets. The fact that the two most […]
Read More
Marijuana firm KushCo secures $50 million credit line
California-based KushCo Holdings, a cannabis company specializing in ancillary products such as packaging, closed on a $50 million credit facility that will be used for working capital and potential acquisitions. The transaction consists of a $35 million revolving line of credit that can be increased by $15 million subject to certain terms, according to the […]
Read More
Cresco Labs reports increased marijuana revenue, net quarter loss
Cresco Labs, a multistate cannabis company based in Chicago, on Wednesday reported revenue of $29.9 million for the second quarter, up 253% from the same period a year ago. Net loss for the quarter, ending June 30, was $3.9 million, compared with net income of $1.6 million for the prior-year period. Cresco trades on the Canadian […]
Read More
Harvest Health & Recreation reports improved marijuana revenue, net quarter loss
Arizona-based Harvest Health & Recreation, a major multistate operator, reported revenue of $26.6 million for the second quarter, a 153% jump from the $10.5 million booked in the same period last year. Net loss for the second quarter, ending June 30, totaled $20.6 million compared with net income of $2.83 million for the same period […]
Read MoreEvent News
Register now for MJBizCon and enhance your experience with these special events:
Marijuana companies usher in a new era of collaboration with mainstream players.