Greenway Greenhouse Cannabis Corp. (CSE: GWAY) reported a 52% year-over-year increase in second quarter revenue, though production challenges led to higher costs and a wider net loss. The Ontario-based cannabis cultivator generated net revenue of C$1.8 million in its second quarter ending Sept. 30, up from C$1.2 million in the …
Florida issues long-awaited medical cannabis licenses after two-year wait
The Florida Department of Health issued intent-to-approve letters to 22 operators on Tuesday, the the first expansion of the state’s cannabis market since 2017. Recipients of the letters included several established out-of-state brands, including California-based STIIIZY, Ohio’s KLUTCH Cannabis and even Colorado pioneers Star Buds. The expansion, combined with five …
The sweet smell of Soft Power Sweets’ success
When New York’s adult-use cannabis program launched, there was a fear of California brands would flood the market. But homegrown New York Brands, like Soft Power Sweets, have stepped up to take the state by storm. Soft Power Sweets, an infused chocolate company out of New Paltz, is already in …
What to expect from next week’s cannabis rescheduling hearing
The Drug Enforcement Administration on Tuesday announced it still intends to hold a hearing next week regarding the proposed rescheduling of marijuana, despite plans to not hear any actual testimony or substantive discussion on the historic policy change. The hearing, slated to begin on Dec. 2 at 9:30 a.m. Eastern …