Canadian producer Avant Brands Inc. (TSX: AVNT) (OTCQX: AVTBF) touted one of its best financial performances for the first quarter of 2024 ending Feb. 29, thanks to a moving international expansion strategy and a tight ship across the board. The company reported a 15% rise in net revenue, reaching C$8.1 million, …
Michigan marijuana sales hit new record high in March
This story was republished with permission from Crain’s Detroit and written by Dustin Walsh. Michigan marijuana continues to reach new heights. Statewide sales hit another all-time record in March, recording more than $288.8 million, up nearly $28 million, or 11%, from February, according to data from the Michigan Cannabis Regulatory …
Colorado marijuana sales down again in February
Colorado’s cannabis market took another beating, with sales down yet again for the month of February. According to statistics from the state Department of Revenue, Colorado marijuana shops sold $114.4 million in February, down from $115.3 million in January, after coming off the state’s worst sales year since 2017. The …
Vangst buys CannabizTemp in cash/stock deal
Privately owned cannabis hiring firm Vangst has acquired CannabizTemp, the temporary staffing division of CannabizTeam. Vangst said in a statement that the acquisition was 50% cash and 50% stock. “CannabizTemp was hands down our largest competitor,” said Karson Humiston, Vangst founder and CEO. “Liesl and her team built a phenomenal …