Canadian cannabis producer Avant Brands Inc. (TSX:AVNT) (OTCQX: AVTBF) reported record third-quarter revenues on Tuesday, driven by surging international demand on its end. The company posted gross revenue of C$9.6 million for the quarter ended Aug. 31, up 27% from a year earlier. Net revenue rose 30% to C$8.5 million. …
A warehouse used by cannabis operator Green Dragon has sold for $11.4 million, as its parent company prepares to shut down operations amid wider turmoil and legal disputes. Texas-based investor Donald A. Ball, operating as Kovak & Co., acquired the 91,981-square-foot Denver facility for about $124 per square foot, public …
Online cannabis advertising platform and marketplace Leafly Holdings Inc. (NASDAQ: LFLY) quietly reported last week that it may be delisted from the Nasdaq exchange. The Seattle-based firm received a delisting notice from Nasdaq staff on Oct. 4, according to an Oct. 10 in an 8-K filing with the U.S. Securities …
BevCanna Enterprises Inc. (OTC: BVNNF) said it was done with cannabis in August when the company released its second-quarter filing. The company didn’t hold back when it said its departure was “…driven by the unsustainable cash flow drain that threatened the company’s financial stability. The public has become increasingly aware …