International marijuana company Heritage Cannabis Holdings Corp. completed its restructuring plan and sale of the company to HAB Cann Holdings Ltd, a move that has taken the resulting entity private and delisted the business from stock exchanges in Canada and the United States. Heritage – which had a footprint in …
InterCure nears break even in first half of 2024, despite ongoing Israel-Hamas war
Israeli medical marijuana company InterCure Ltd. (NASDAQ: INCR) (TASE: INCR), which operates as Cannadoc, nearly broke even in the first half of 2024, despite damage and disruptions from the ongoing Israel-Hamas war. The company’s total comprehensive loss for the period that ended June 30 was NIS 6,000 (US$1,654), which was …
MTL Cannabis reports C$2.2 million in net income for first quarter
Canada-based MTL Cannabis Corp. (CSE: MTLC) posted net income of C$2.2 million for its first fiscal quarter of 2025, which ended June 30, while more than doubling the revenue it pulled in for the same quarter a year ago. MTL, which is focused exclusively on the medical cannabis sector, reported …
Nextleaf finishes third quarter in red despite sizable revenue increase
Canadian cannabis processing firm Nextleaft Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) reported a net loss of C$317,264 for its third fiscal quarter, which ended June 30, bringing its losses for the fiscal year to date to C$1.1 million. The losses are a big swing for Nextleaf, which a …