Georgia-based Pineapple Express Cannabis Co. (OTC PINK: PNXP) is set to acquire tech business Groovy Company Inc. (USOTC:SANP) through a stock trade deal, under which Pineapple will get 350 million shares of Groovy, and Groovy will get 5 million shares of Pineapple. The deal will give Pineapple Express a “controlling …
The completion of the dispensary in Manhattan marks the national cannabis design-build construction firm’s sixth project in New York City. …
The company launched Tilray Craft, a brand extension within its medical cannabis portfolio in Germany. …
Cannabis employee tech company Würk and tech firm C15 announced a strategic partnership through its shared investment firm Poseidon Investment Management. Würk’s products address employee payroll, human resources, timekeeping, scheduling, and tax compliance. It also tackles compliance issues and provides guidance on 280E tax law. C15 has a customized eQMS …
San Diego City Council members approved a tax increase on cannabis retailers starting May 1 in hopes of closing the budget deficit. …
Massachusetts’ Revolutionary Clinics is suing to have its Albert Einstone Cannabis products returned to its inventory as the company attempts to settle its debts. Revolutionary Clinics entered receivership in December owing its primary lender $10 million and thousands more in unpaid rent. The beleaguered cannabis company claims that it manufactured …
Germany’s medical cannabis market is seeing unprecedented growth, with company executives across the pond reporting sales increases of up to 450% since recent reforms. However questions have arisen about the future of the market as a new conservative government prepares to take power. “The market is on a constant growth …
Latin American cannabis company Blueberries Medical Corp. (CSE: BBM) (OTC: BBRRF) announced a non-brokered private placement consisting of the sale of 96,064,935 common shares for C$0.011 per share for gross proceeds of approximately C$1.05 million (or approximately $740,000). The company said it would use the money to fund and expand operations …
Canadians are drinking less alcohol as consumption of cannabis rises, according to a new report released by Statistics Canada that tracked sales in the country from April 1, 2023, to March 31, 2024. While alcohol sales still dwarf cannabis sales, the trends are telling alcohol consumption is declining and cannabis is growing. …
The cannabis company will manage a facility with up to 25,000 square feet of canopy as one of two operators with a Tier 3 license. …
Incannex Healthcare Inc. (Nasdaq: IXHL) announced that it has raised $12.5 million to fund ongoing clinical trials. Incannex said the studies include completing the U.S. Phase 2 study of IHL-42X, an oral, once-daily treatment for sleep apnea, and its expansion into the Phase 3 portion of the study, with… Please …
The nascent legal New York recreational marijuana market – which launched in December 2022 – is on the financial brink, according to the president of one of the state’s larger cannabis trade organizations, who said a lot of license winners have been either flipping their permits or selling equity stakes… …
This article was reprinted with permission from Crain’s Detroit Business. Michigan marijuana retailer Quality Roots is looking to bloom in the Garden State as local legal market prices continue to wilt. Birmingham-based Quality Roots opened its Marlton, New Jersey, dispensary earlier this week, looking to capitalize on higher prices and …
The House-passed resolution aims to amend the state’s constitution by rolling back the democratic process of citizen-initiated ballot measures. …
In a series of votes that defied typical partisan lines, the Georgia Senate has passed three bills that would simultaneously restrict recreational hemp products while expanding medical cannabis access. It came just before the Crossover Day deadline, when legislation must pass at least one chamber to remain viable this session, …
The cannabis company announced that additional holders of issued the Senior Notes entered into joinders to the definitive support agreement. …
Ohio Republicans are intent on revising the state cannabis laws with the latest twist from a House Republican. Statehouse News Bureau reported that Rep. Brian Stewart (R-Ashville) introduced HB160 which not only changes the existing adult-use cannabis law but also addresses intoxicating hemp or Delta-8 products. Green Market Report reported …
The cannabis company closed the books on its sixth consecutive quarter of positive free cash flow. …
The cannabis company increased its quarterly and annual operational cash flow compared to prior periods. …
The cannabis industry’s early gold rush mentality has given way to a more sober reality over the past few years, and now Ayr Wellness (CSE: AYR.A) (OTCQX: AYRWF) is making tough choices about where to place its bets. During the company’s earnings call on Thursday, interim CEO Steven Cohen said …