10% – Percentage of cannabis drinks that are lemonade flavored As the old saying goes, when life gives you lemons, make lemonade. Cannabis beverage producers have embraced this adage, as nearly every top drinks brand has a lemonade flavor in its portfolio. And the popularity of the flavor will likely …
Tag: Investing
Canadian Adult-Use Cannabis Sales Reveal Robust Growth, Outpace US Market
The Canadian cannabis market is outpacing its American counterpart, according to a memo by Pablo Zuanic, founder of Zuanic & Associates. Through, the overall Canadian cannabis market grew 12% year-over-year, outpacing its American counterpart, which only posted year-over-year gains of 9%. The second quarter, in particular, highlighted a seasonal rebound. …
The Daily Hit: July 31, 2023
The Daily Hit is a recap of the top financial news stories for July 31, 2023. On the Site Columbia Care, Cresco Labs Sack $2 Billion Megadeal After months of swirling doubt and some bought time, Cresco Labs (CSE: CL) (OTC: CRLBF) and Columbia Care (Cboe/NEO: CCHW) (CSE: CCHW) (OTC: …
Eaze Hit with New Lawsuit Alleging Fraud in Green Dragon Merger
A two-year-old acquisition deal of multistate operator Green Dragon by California-based Eaze is now the subject of a fraud lawsuit filed by the former owners of Green Dragon, who say the deal wouldn’t have gone through if Eaze had been honest about its precarious financial situation. The lawsuit, filed by …