Columbia Care

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 […]

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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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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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The routes some multistate cannabis firms are taking to grow beyond state lines

When the U.S. marijuana industry was getting off the ground two decades ago, the business landscape consisted of mom-and-pop stores and amateur extractors.

In short, it was difficult to imagine chains or integrated multistate operations – especially with federal prohibition and the threat of legal interference hanging over entrepreneurs’ heads.

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Multistate medical marijuana operators tapped for Virginia’s CBD program

Virginia named its first five CBD-only licensees – three of them multistate medical cannabis operators. The state’s Board of Pharmacy reviewed 51 applicants to produce CBD products in five areas of Virginia. The winning applicants are called “pharmaceutical processors” and must grow, process and sell the cannabis products at one location, though Virginia patients can visit any […]

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New Jersey medical cannabis expansion attracts multistate MMJ businesses

A number of multistate operators are vying for the coveted six additional medical marijuana licenses in New Jersey’s rapidly growing MMJ industry, underscoring the increasing attraction of the Garden State market. The New Jersey Department of Health has made the list of applicants available but said no further information would be released until the licenses […]

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Columbia Care delays its MMJ dispensary in Delaware

Delaware’s oft-delayed medical marijuana program is experiencing another holdup. Columbia Care, a multistate MMJ company headquartered in New York, has postponed by at least six months the opening of its facility in The First State. Columbia Care’s facility was to be the third operating dispensary in Delaware, The News Journal reported. Because of zoning, permitting […]

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