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Cannabis giant 4Front cuts workforce, appoints new CEO
Multistate marijuana operator 4Front Ventures on Monday said it has slashed its corporate workforce by almost 40% and cut the number of employees at its recreational and medical cannabis stores…
News March 30
US marijuana firm Columbia Care to list on Canadian Securities Exchange
Columbia Care, a New York-based multistate marijuana operator, said it will start trading on the Canadian Securities Exchange on Tuesday.
News March 30
Hexo needs more capital; shareholders to be further diluted
Hexo Corp. (TSX: HEXO) disclosed that it needs to raise an additional CA$23.6 million - at least - just to satisfy cash needs for fiscal 2020, which total CA$105 million.
News March 30
Illinois extends adult-use cannabis licensing process
The application deadline for a number of Illinois' recreational cannabis business permits has been extended by a month during the coronavirus crisis.
News March 30
Massachusetts gov urged to reopen adult-use marijuana shops
Massachusetts Gov. Charlie Baker received requests from two different groups to reverse a decision and declare recreational cannabis businesses as “essential” and, thus, allow adult-use companies to remain open during the…
News March 30
Restructuring cannabis firm MedMen taps interim CEO, withdraws guidance
Financially struggling MedMen Enterprises has retained a management advisory firm to help it restructure.
News March 30
Alberta classifies cannabis stores, producers ‘essential’ during COVID-19
Alberta’s licensed cannabis stores and producers can remain open during the COVID-19 pandemic, the Canadian province’s government said. The regulated businesses were included on the province’s list of “essential services,”…
News March 30
Hexo books CA$298 million net loss in second quarter
Major cannabis producer Hexo posted a second-quarter net loss of 298.2 million Canadian dollars ($210 million) on Monday, nearly five times larger than the CA$62.4 net loss reported in the…
News March 30
Some cannabis businesses add employees, others mull layoffs in response to coronavirus crisis
Marijuana businesses navigating staffing issues during the COVID-19 outbreak are taking different tacks as they strive to keep employees and customers healthy and safe – while keeping close tabs on…
News March 30
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