Canadian cannabis processor and producer Adastra Holdings Ltd. (CSE: XTRX) reported its financial results for the fourth quarter and fiscal year ending Dec. 31, 2023, showing its highest sales haul yet, which was coupled with a rise in net loss. For the fiscal year, the company posted gross revenue of …
Advanced Vapor Devices is changing its name, but the company still has the same innovative products, manufactured and distributed by the same exceptional team. …
Clinical-stage psychedelic biotech, Tryp Therapeutics, Inc., has announced that its previously announced plan to merge with Exopharm Limited has received approval from Exopharm’s shareholders. The arrangement, which is expected to close on or about May 1, has satisfied all conditions precedent, with the exception of the conditional approval from the …
This story was republished with permission from Crain’s Detroit and written by Dustin Walsh. Business was humming on Saturday at Bazonzoes’ three marijuana dispensary locations. Hundreds were in line to take advantage of the retailer’s large 42% discount to celebrate the 4/20 holiday. Then it all started to fall apart …
The company has already secured two Grow-Up Awards in 2022 and 2023. …
The company’s newest medical cannabis retail facility is located in Wesley Chapel, a suburb in the Tampa Bay area. …
While social media has been awash with the technical difficulties and loss of sales experienced by many cannabis retailers who used Dutchie’s point-of-sale platform, most of the industry is celebrating a “record” April 20 sales day. Sales data from Flowhub, Treez, and Jane Technologies indicated that 4/20 and the week …
At the Green Market Report Finance Summit, hosted at the New England Cannabis Convention in Boston on March 22, Darren Gleeman, managing partner of MBO Ventures, picked up the award for Best Financial Advisor. Gleeman was drawn to the cannabis industry after learning about the tax burden imposed by 280E …
The Daily Hit is a recap of the top financial news stories for Tuesday, April 23, 2024. On the Site Trulieve settles former worker’s wrongful termination lawsuit The case also alleged that the cannabis company ignored safety and sexual harassment complaints. Read more here. ‘Don’t flood the market:’ Fault lines …
Hypha Labs Inc. (OTC: DIGP), formerly known as Digipath, announced its transition from the cannabis industry to the emerging market of functional mushrooms, with a particular focus on psilocybin. The company said it has developed a patent-pending bioreactor technology that aims to streamline the production of active ingredients found in …
While cannabis has its own unique considerations, it aligns with general retail on at least one front: Cannabis retailers typically experience a drop in sales in the first quarter, with the come-down from end-of-year holiday celebrations translating to a decrease in purchases. 2024 looks to be no different. Equity analyst …
A long-running showdown between a doctor and the U.S. Drug Enforcement Administration that could affect the legal status of psychedelics is heating up. The agency last week urged the Ninth Circuit Court of Appeal to block the physician’s efforts to use psilocybin to treat depression in terminally ill cancer patients, …
The Canadian cannabis company experienced a 35% increase in total sales across all retail platforms from the previous Saturday. …
$28.5 million – Total retail cannabis sales reported on 4/20 in Michigan Operators in Michigan reported more than $28.5 million in cannabis sales on Saturday, the unofficial cannabis holiday known as 4/20. That total was up 32% from last year’s $21.6 million in sales on the day, according to data …
The receiver for ExWorks, the company that lent High Times Chairman Adam Levin money to buy the business, has appointed Kevin Singer of Receiver Specialists to oversee the sale of High Times’ assets to settle ooutstanding debts. High Times and Levin used several properties as collateral that are now poised …
Under current law, the state’s top regulator must establish a commercial market that omits an automatic transition pathway for existing cannabis companies. …
The new Florida location on U.S. Highway 1 will host grand opening this week as the company’s 135th retail facility in the state. …
U.S. cannabis reform hasn’t come easy amid a divided Congress, but plenty of opportunities remain on the table for the remainder of the year. …
Missouri Attorney General Andrew Bailey this week launched an investigation into several companies for selling illegal vape and marijuana products that contain delta-8 and delta-9 THC, citing concerns over consumer protection and public health, particularly among children. The investigation, which also includes disposable e-cigarette products, was prompted by reports of …
Three people were injured when a vehicle drove through Zahara Dispensary’s wall and 15 feet into the store during operating hours last week. …