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Innovative Industrial Properties says PharmaCann defaults on lease payments again

Innovative Industrial Properties (NYSE: IIPR) reported in a regulatory filing on Friday that cannabis operator PharmaCann defaulted on rent payments for nine of its 11 leased properties – another setback in what had appeared to be an improving landlord-tenant relationship. According to a Securities and Exchange Commission filing, PharmaCann failed …

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California cannabis veteran launches niche retail operation in Emerald Triangle

Despite years of turmoil, from sales declines to thousands of licensed businesses going under, illicit market competition and countless other hurdles, serial cannabis entrepreneur Dave Spradlin thinks there’s still hope for small companies to carve out successful niches. And he’s trying to prove that with a new small retail chain… …

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Health Canada updates national cannabis regulations

Health Canada this week announced significant revisions to its national cannabis industry regulations, including changes to rules that govern licensing, production, packaging and labelling, security, and record keeping, according to analysis by StratCann. The new rules, published Wednesday in the federal government’s Canada Gazette, are aimed at addressing industry concerns …

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Cannabist execs highlight progress on ‘turnaround’ plan despite $200M loss

Executives with The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) during the company’s quarterly earnings call said they’re about halfway through a “turnaround” plan to make the company profitable, but didn’t mention the financial filing this week which reported a $205 million net loss for the business last… …

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Neural Therapeutics to list on Canadian Stock Exchange after raising C$518,000

Toronto-based Neural Therapeutics (CSE: NURL) announced on Thursday a twofold milestone, with both the completion of a C$518,500 capital raise and the receipt of formal permission from the Canadian Securities Exchange to begin listing its shares for trading, another sign that the international psychedelics industry is making slow but steady… …