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Cannabis extractor Valens turns profit but warns of potential COVID-19 fallout
Canadian cannabis extractor The Valens Co. reported its fourth straight quarterly profit, a rarity in a sector that experienced rampant losses throughout 2019 – the first calendar year of legalization.…
News April 15
Cannabis businesses need ‘win-win’ thinking to battle recession
This global pandemic is forcing every industry - and person - to face its own set of challenges and new realities.
News April 15
Comp tables as of April 14, 2020: US multiples above consumer troughs for 2020 but down for 2021
Average trading multiples for U.S.-focused operators were up slightly versus last week, while the average stock price remained flattish. Canada-focused operators still trade at a premium on sales compared to…
News April 14
Michigan adult-use cannabis stores dealt supply setback
Recreational marijuana stores in Michigan could face a shortage of product after state regulators ruled that adult-use shops can no longer buy MJ from a network of caregiver growers. The Marijuana…
News April 14
Burglaries double at Denver marijuana stores
There have been almost twice as many burglaries at Denver cannabis businesses – primarily marijuana retailers – this year as there were during the same period in 2019, according to police…
News April 14
Weigh in on best perks to offer cannabis workers during COVID-19 outbreak
Marijuana businesses increasingly are rewarding employees who are working during the coronavirus crisis, and the perks range from money to Netflix subscriptions. We’d like to hear from you, the cannabis business…
News April 14
SEC lawsuit alleges marijuana investor manipulated MassRoots stock
The U.S. Securities and Exchange Commission filed a lawsuit against longtime marijuana investor Douglas Leighton, alleging that he and six associates made millions of dollars by engaging in illegal stock manipulation…
News April 14
Most Danish health agency inspections on hold, including those for cannabis producers
The Danish Medicines Agency has put most inspections on hold because of the COVID-19 pandemic.
News April 14
Denver OKs cannabis research license
The Denver City Council approved a new license to research cannabis as part of the city’s moves to update its marijuana business laws. The vote was 12-1 in favor of the research…
News April 14
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