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 …
4.5% – Decline in 2024 EBITDA estimates for publicly traded cannabis companies With the rescheduling of cannabis still on the horizon, analysts with Viridian Capital Advisors expected EBITDA forecasts to rise as 2024 unfolded. But according to new analysis of 16 publicly traded cannabis companies, that expectation is far from …