Florida-based psychedelics firm Enveric Biosciences (NASDAQ: ENVB), which is still in the pre-revenue stage, this week reported a $9.5 million net loss for 2024, down from the $17.4 million it lost in 2023 but still well in the red as it continues developing non-hallucinatory treatments for mental health disorders.
The yearly…
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CanadaBis Capital Inc. (TSXV: CANN) reported revenue of C$4.9 million for its second quarter of its fiscal 2025, up from C$4.3 million versus the same period last year, but the company saw a slight decline in net income for the period.
The cannabis producer and processor posted net income of C$96,917…
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Oregon-based craft cannabis producer Grown Rogue International (CSE: GRIN) (OTC: GRUSF) said it secured a $7 million credit facility from a “national, FDIC-insured commercial bank.”
The four-year credit facility carries an interest rate of around 9.2% per annum, calculated as the secured overnight financing rate (SOFR) – which is currently at…
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Chicago Atlantic BDC (NASDAQ: LIEN), formerly known as Silver Spike Investment Corp., reported $8 million in fourth-quarter profit on its investment income, the cannabis lender’s first financial results since its October loan portfolio deal.
The business development company recorded total investment income of $12.6 million and maintained its recently increased dividend…
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IM Cannabis Corp. (NASDAQ: IMCC) (CSE: IMCC) reported a meaningful turnaround in its fourth quarter 2024, capping a year of repositioning with 25% revenue growth and its first quarterly adjusted EBITDA profit in recent history.
The medical cannabis company, which is jointly headquartered in Canada and Israel, generated C$13.3 million in…
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Las Vegas-based Planet 13 Holdings (CSE: PLTH) (OTCQX: PLNH) slowed its roll to accommodate industry setbacks, including the November loss of recreational marijuana legalization in Florida and “ongoing industry-wide price compression,” company leadership said during its quarterly earnings call last week.
That means less rapid expansion and probably not as many…
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On Wednesday, the Virginia Cannabis Control Authority announced that its acting chief of more than three years was stepping down.
Jeremy Preiss, who has served as the CCA’s acting head and chief officer of regulatory, policy and external affairs since January 2022, will be replaced by Chief Administrative Officer Jamie Patten,…
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This article was reprinted with permission from Crain’s Detroit Business.
Hazel Park, Michigan, marijuana processor Flavor Galaxy shuttered operations after reaching a deal with regulators over its alleged use of illicitly grown marijuana in its products.
But another year will go by before Flavor Galaxy’s owners exit the industry voluntarily as a…
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Mercanto Holdings (TSXV: MUSH) posted a quarterly net loss on Thursday as the Canadian cannabis producer grapples with market headwinds in its core Quebec region as it hones in on a national expansion strategy.
The Montreal-based company, which was known as The Good Shroom Co. until January, posted a net loss…
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The Massachusetts Cannabis Control Commission inched closer to allowing social consumption lounges in the state, as commissioners met Thursday hammered out key details from business relationships to public safety and enforcement concerns.
The commission will continue its work on the regulations this coming Monday. After completing this review, the regulations will…
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