Last year, Vancouver-based THC BioMed Intl Ltd. (OTC: THCBF) said it hoped to bounce back after some financial setbacks, but it seems like the company opted to go AWOL instead. The Canadian cannabis producer hasn’t provided any company updates since June 2023, leaving investors wondering what’s next for those with …
The Daily Hit: April 25, 2024
The Daily Hit is a recap of the top financial news stories for Thursday, April 25, 2024. On the Site Humboldt County officials report on ‘overall decline’ of local cannabis industry The decline in cultivation applications is a sign that many have lost interest in the legal market altogether. Read …
Humboldt County officials report on ‘overall decline’ of local cannabis industry
California’s Humboldt County, long the heart of cannabis cultivation in the state’s famed Emerald Triangle, has seen an “overall decline” in legal cannabis cultivation business applications since 2018, county officials were told this week by staff. Although the county still has slightly more than a thousand legal marijuana farms – …
Study: Cannabis Use Seldom Associated With Cognitive Impairments In People With HIV
“Overall, the number of reported adverse effects were largely outnumbered by beneficial or null findings,” researchers determined. The post Study: Cannabis Use Seldom Associated With Cognitive Impairments In People With HIV appeared first on NORML.
Survey: Patients Report Improvements, Few Serious Side-effects Following Use Of High-THC Flower
The most commonly reported side effects from high-THC flower were dry mouth, increased appetite, and somnolence. The post Survey: Patients Report Improvements, Few Serious Side-effects Following Use Of High-THC Flower appeared first on NORML.
Colorado: Most Voters Strongly Support State’s Decision To Legalize Marijuana
“There’s no ‘buyer’s remorse’ among the public when it comes to legalizing cannabis.” The post Colorado: Most Voters Strongly Support State’s Decision To Legalize Marijuana appeared first on NORML.
Hawaii: Senators Abruptly Reject Marijuana Decriminalization Legislation
The defeat marked a sudden about-face for Senate lawmakers, who had previously voted in favor of the bill’s passage. The post Hawaii: Senators Abruptly Reject Marijuana Decriminalization Legislation appeared first on NORML.
Treez Introduces Treez Ecommerce, New Retailer-First Solution For Cannabis Operators
Enterprise commerce technology platform Treez launches its new ecommerce product available exclusively for Treez Point of Sale (POS) customers. The new offering, Treez Ecommerce, enables cannabis retailers to create customized, high-performing online storefronts without the need for third-party developers or agencies while integrating seamlessly with the SellTreez POS system. …
21 US Lawmakers Express Frustration With DEA’s Inaction on Cannabis Rescheduling
The 11 senators and 10 House representatives urged for swift action to remove cannabis from a Schedule I listing in a new letter. …
Grown Rogue grows ownership of Michigan’s Golden Harvests
Grown Rogue International Inc. (CSE: GRIN) (OTC: GRUSF) has increased ownership in its Michigan operations of Golden Harvests. The move bumped Grown Rogue’s interest in Golden Harvests from 52.2% to 80% via two transactions valued at $2.8 million. The deal consisted of $200,000 paid in cash and $2.6 million paid through 4-year …
Core brands drive record growth for Indiva Limited in 2023
Canadian edibles maker Indiva Limited (TSX: NDVA) reported record financials for the fourth quarter and year ending Dec. 31, 2023, as it tries to climb its way out of the red. The company posted record net revenue of $10.9 million in the fourth quarter of 2023, a 16.8% rise versus the …
The State of Federal Cannabis Reform Leads CBT’s Most-Read Articles in April
4/20 deals and events, California tax defaults, and nationwide municipal opt outs also highlighted Cannabis Business Times’ most popular stories this month. …
Deep Roots Harvest to acquire The Source assets
Nevada-based cannabis company Deep Roots Harvest signed an agreement to acquire most of the assets of The Source Holdings LLC, another Nevada cannabis operator, for an undisclosed price. The deal includes five retail locations and three facilities for administration, cultivation, and manufacturing, but it excludes one retail store in Reno. …
The Daily Hit: April 24, 2024
The Daily Hit is a recap of the top financial news stories for Wednesday, April 24, 2024. On the Site Deep Roots Harvest to acquire The Source assets The deal will build on C21 Investments’ recent purchase of Deep Roots. Read more here. Adastra reports record sales in 2023, but …
Adastra reports record sales in 2023, but remains in the red
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 …
Cannabis Vapor Technology Company AVD Announces It’s Rebranding to ACTIVE
Advanced Vapor Devices is changing its name, but the company still has the same innovative products, manufactured and distributed by the same exceptional team. …
Tryp Therapeutics merger with Exopharm approved by shareholders
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 …
Software crash hit Michigan marijuana dispensaries on 4/20
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 …
Aelius LED Nominated for Best Lighting System Award at Grow-Up Awards for 3rd Consecutive Year
The company has already secured two Grow-Up Awards in 2022 and 2023. …
Green Thumb to Open 16th RISE Dispensary in Florida
The company’s newest medical cannabis retail facility is located in Wesley Chapel, a suburb in the Tampa Bay area. …