Columbia Care

Marijuana MSO execs pinpoint state markets they’re least bullish on – and those they’re eyeing for the future

This is the second installment of a two-part series in which top executives from multistate operators discuss the state-legal marijuana markets they like the most and the least. The first installment can be viewed here. Executives’ comments have been edited for length and clarity. (Click on the orange arrows to advance the slideshow.)

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Multistate operator Columbia Care sued over Florida medical marijuana license

A Florida partnership has sued multistate marijuana operator Columbia Care for allegedly conspiring to fraudulently strip its rights to a medical cannabis license worth tens of millions of dollars. Florida MCBD filed the lawsuit against New York-based Columbia Care in the commercial division of the New York County Supreme Court. Columbia Care co-founders Michael Abbott […]

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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. The company also said it will maintain its listing on Toronto’s NEO exchange, where it trades as CCHW. Columbia Care will have the same ticker symbol on the CSE. The dual listing is a different approach […]

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Chart: New York’s medical marijuana program grows, but future business opportunity hinges on adult-use legalization

While New York’s medical cannabis patient registry increased by more than 23,000 in 2019, growth has slowed significantly because of various market factors leading to a low consumer participation rate. Less than 1% of New York residents have signed on as medical marijuana patients, due in part to restrictions on cannabis product forms and limited […]

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Columbia Care signs $35 million cannabis real estate deal

New York-based multistate marijuana operator Columbia Care is raising $35 million through the sale and leaseback of six of its properties in California, Illinois and Massachusetts. The properties, which are being sold to Maryland-based NewLake Capital Partners, include dispensaries and cultivation and manufacturing facilities. For analysis and in-depth looks at the investment trends and deals […]

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More medical cannabis companies bolster operations in lucrative Florida market following smokable flower ban repeal

A new Florida law repealing a ban on smokable medical marijuana products has given the state’s MMJ market a shot in the arm, prompting large multistate companies to aggressively expand their production, operations and retail footprints. That has injected fresh competition into one of the nation’s fastest-growing medical cannabis markets and loosened the grip of the state’s […]

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Cultivators, MJ executives say Eastern US marijuana prices remain strong as industry grows steadily

Up and down the Eastern United States, cannabis growers and business owners are reporting healthy prices for pounds of marijuana, both medical and recreational. Prices range from $2,000 a pound for flower all the way up to $4,200, depending on the state. But cultivators are still facing regulatory hurdles and the growing pains of keeping […]

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Columbia Care reports higher marijuana revenue, bigger losses

Columbia Care, a New York-based multistate cannabis operator, reported revenue of $19.3 million for the second quarter ended June 30, up from $9.6 million in the same period last year. Net loss for the period was $33.7 million, compared with a loss of $4.2 million in the second quarter of 2018. The company said the […]

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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 thanks to “organic growth” and stronger consumer demand for its products. The net loss for the quarter widened to $25.1 million compared with a $9.7 […]

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Virginia CBD program chided as multistate medical cannabis firms gain edge

Seven companies are challenging a CBD licensing process in Virginia that resulted in multistate medical marijuana operators getting a majority of available licenses. The appeals called the process “wildly prejudicial.” Out of 51 applicants for five vertically integrated CBD and THC-A licenses, multistate operators received three, a situation that spurred the appeals, The Virginian-Pilot reported. Applicants […]

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