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Marijuana firm Tilray revenue up nearly 200% in Q1; net loss grows on spending
Tilray, a British Columbia, Canada-based cannabis cultivator and distributor, reported revenue of $23 million for the first quarter of 2019, up 195% from the same period last year. The company’s…
News May 14
Ohio dispensaries kick off sales of edible medical cannabis products
Ohio medical marijuana retail shops began selling cannabis-infused gummy products last week, but supply has been limited and at least one dispensary sold out within days of receiving its shipment.…
News May 14
Arkansas medical marijuana sales top $93,000 in first three days
The first two medical cannabis dispensaries in Arkansas sold more than $93,000 in product in the program's first three days.
News May 14
Cannabis firm Indus acquires multistate concentrate, vaporizer brand for $20M
California marijuana supplier Indus Holdings expanded its operations to Nevada and Oregon by signing an agreement to acquire the assets of W The Brand, a manufacturer and distributor of marijuana…
News May 14
CannTrust’s Q1 revenue doubles on medical marijuana sales; net income up
Ontario, Canada-based CannTrust Holdings reported that first-quarter revenue more than doubled from a year earlier, mostly on the back of rising medical marijuana sales, while the company's net income inched…
News May 14
Acreage to sell cannabis real estate assets to newly formed REIT
New York-based marijuana company Acreage Holdings said it agreed to sell cannabis-related real estate to a newly formed real estate investment trust (REIT), GreenAcreage Real Estate Corp., under a leaseback…
News May 14
Natura closes $91 million financing to build California marijuana campus
California-based Natura Life + Science announced the completion of a $91 million raise to build a marijuana campus in the Golden State. The 265,000-square-foot facility will eventually include a vertically…
News May 14
Licensed medical cannabis delivery services launch in Michigan
Three dispensaries received licenses to deliver medical cannabis to homes in Michigan – a move that signals the beginning of a new business opportunity for marijuana entrepreneurs in the state.…
News May 14
Marijuana company Columbia Care reports improved Q1 revenue, wider net loss
Columbia Care, a New-York based vertically integrated cannabis operator, reported revenue of $12.9 million for the first quarter ended March 31, 2019, up 45% from the same period last year…
News May 14
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