Canadian marijuana stocks dumped by world’s largest sovereign fund
Norway’s sovereign wealth fund is excluding several Canadian companies because they produce recreational marijuana, which remains illegal in the Nordic country.
Marijuana-focused ETF to include US multistate operators
ETFMG Alternative Harvest ETF – an exchange traded fund specializing mainly in Canadian cannabis companies and ancillary marijuana businesses – will begin to include U.S.-based marijuana multistate operators.
Cannabis advertising company Weedmaps lays off 10% of staff
California-based cannabis advertising giant Weedmaps said it has laid off about 10% of its workers because of a widespread slowdown in the U.S. marijuana market.
Nevada cannabis producer Flower One extends maturity date for $6M in debt
Nevada cannabis cultivator producer company Flower One Holdings amended the terms of a short-term debt agreement to extend the maturity date to the end of this year.
Marijuana MSO Verano to restate financials from five previous quarters
Marijuana multistate operator Verano Holdings said it must restate five quarterly financial statements dating back to March 31, 2021, and that all of its disclosures and investor presentations since then “should therefore no longer be relied upon.”
Longtime California cannabis company reaches tax payment deal with IRS
StateHouse Holdings, formerly known as Harborside, agreed to a payment plan with the IRS to settle a $22 million federal tax bill.
Canadian cannabis company Tilray posts $434 million net loss for 2022
Canadian cannabis and alcohol company Tilray Brands posted a $457.8 million net loss for its fourth quarter and a $434 million net loss for its 2022 fiscal year.
