TerrAscend Corp. posted third-quarter results that missed analysts’ estimates after market close on Wednesday, while unveiling plans to enter Ohio’s market through a $10.3 million dispensary acquisition. The company’s revenue dropped to $74.2 million in the quarter ending Sept. 30, missing analysts’ average estimate of $76.66 million and falling from …
Florida voters rejected recreational marijuana legalization Tuesday night, dealing a huge blow to the industry and those that had bet heavily on opening up what could have been the nation’s third-largest market. The ballot measure had 55.7% approval with 91% of votes counted, according to the Associated Press, falling short …
This story was republished with permission from Crain’s Cleveland Business. Three months into the launch of adult-use marijuana in Ohio, cannabis prices are ticking down, and sales are trending up significantly. Sales of non-medical marijuana to adults 21 and older began on Aug. 6. Dispensaries were selling between $36 million to …
Toronto-based Slang Worldwide (CSE: SLNG) (OTCQB: SLGWF) became the latest multistate cannabis company to go belly-up, with an announcement Tuesday that it is entering receivership in Colorado and declaring bankruptcy in Canada, effectively closing up shop. Slang “finalized a wind-down plan,” the company stated in a press release, after noting …