The Jones Soda Co. (CSE: JSDA) (OTC: JSDA) is facing the potential loss of a major market revenue stream following news on Thursday that California health authorities have issued a formal advisory to consumers, warning them that the hemp-infused line of Mary Jones drinks is “unsafe” and contains illegal THC …
Massachusetts town pays nearly $800,0000 to settle cannabis fee lawsuits
The city of Pittsfield, Massachusetts, agreed to pay $786,625 to settle lawsuits brought by three cannabis retailers over community impact fees. The settlements with Temescal Wellness, Berkshire Roots, and Bloom Brothers were approved by the Pittsfield City Council in a 10-1 vote, according to the Berkshire Eagle. Under the deals, …
Cansortium narrows loss as Fluent sales surge in Florida
Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) reported stronger sales and a smaller loss for the first quarter ending March 31, as the multistate cannabis company benefited from continued growth in Florida’s medical marijuana market. The Miami-based company booked revenue of $25.2 million for the period, up 14% from a year …
Canopy execs bet on diversification following $657 million loss
Just days after Canopy Growth Corp. (TSX: WEED) (NASDAQ: CGC) reported a $657 million net loss for its most recent fiscal year, which concluded at the end of March, company leadership insisted during the business’s regular earnings call that it is moving in the right direction by with a broadening …