Montreal-based government-run marijuana firm, Société québécoise du cannabis (SQDC), this week reported comprehensive income of C$40.5 million for its third quarter of fiscal 2024, which ended Jan. 4. That figure was up year-over-year from C$33 million. Total sales for the government corporation hit C$235.9 million in the quarter, up from …
cbdMD posts first-quarter profit despite lower sales
Charlotte-based cbdMD Inc. (NYSE: YCBD) this week reported net income of $15,095 for its first quarter of fiscal 2025, which ended Dec. 31, up a significant year-over-year improvement from its loss of almost $1 million for the first quarter in fiscal 2024 and its $1.2 million loss in the fourth… …
Report: Most hemp products in California contaminated, unlawfully potent
A new study funded by a small cadre of marijuana businesses in California found that intoxicating hemp products proliferating across the state are not technically “hemp” at all, based on the strict federal definition of hemp as cannabis with 0.3% delta-9 THC by dry weight. The findings indicated that a …
WXYZ Editorial: The winter Detroit Auto Show drives successful numbers
The numbers are in, and they paint a nice picture for Southeast Michigan. After a short hiatus, the re-energized Detroit Auto Show returned to January with big results. The 11-day automotive celebration drew 275-thousand attendees. […]