Stocks & Publicly Traded Cannabis Companies
Toronto-headquartered cannabis retail chain Fire & Flower Holdings reported declining sequential retail revenue for the fourth quarter of its fiscal year, citing heightened retail competition.
Decibel Cannabis Co. recorded net income of 1.7 million Canadian dollars ($1.3 million) for the 2021 fiscal year and positive adjusted EBITDA of CA$7.4 million on the back of growing cannabis sales.
Canadian cannabis producer The Flowr Corp. is selling its subsidiary Holigen Holdings, which owns two cultivation facilities in Portugal, to U.K.-based medical marijuana company Akanda Corp. in a deal worth roughly 35 million Canadian dollars ($28 million).
Multinational convenience store operator Alimentation Couche-Tard plans to boost its stake in major Canadian cannabis retailer Fire & Flower to roughly 35%.
A short seller activist group has gone on the attack against San Diego-based Innovative Industrial Properties, saying the company’s real estate portfolio based on acquiring cannabis properties and leasing them back to operators “appears to have degraded significantly.”
Cannabis real estate investment trust Innovative Industrial Properties (IIP) priced an underwritten share offering to raise roughly $300 million.
Manitoba, Canada-based marijuana grower and retailer Delta 9 Cannabis closed a deal to acquire 17 stores in Alberta and arranged a private placement worth 10 million Canadian dollars ($8 million) from Sundial Growers.
