Cannabis firm Harvest Health sales soar, losses widen as company expands
Arizona-based Harvest Health & Recreation saw its revenue spike more than 131% in the first quarter to $19.2 million, compared with $8.3 million in the same quarter last year.
Arizona-based Harvest Health & Recreation saw its revenue spike more than 131% in the first quarter to $19.2 million, compared with $8.3 million in the same quarter last year.
U.S.-affiliated medical cannabis companies dominated Canadian Securities Exchange (CSE) fundraising in 2018, raising nearly $2 billion through 50 equity-related deals.
Marijuana firms are looking at unique deals and new markets to build scale and raise funds for future growth.
Through Nov. 16, cannabis firms across North America have raised $13.1 billion. That’s more than five times the amount raised during the same period in 2017.
Three top American cannabis firms made their trading debuts on the Canadian Securities Exchange (CSE) this week, continuing the frenzy of U.S.-based marijuana companies turning to Canada’s public markets to raise capital.