High Tide Inc. (Nasdaq: HITI) (TSXV: HITI) reported record revenue in its fiscal first quarter, which ended on Jan. 31. In conjunction with the earnings release, the Canna Cabana retail chain operator addressed the recent halt to an acquisition in Germany and lower EBIDTA on its balance sheet. The company’s …
After 4.5 years leading one of Maryland’s largest dispensaries, Culta Chief Executive Officer and Board Director Allison Seigel announced she was stepping down from her role. “Cannabis is not for the faint of heart. It’s an industry where passion meets relentless obstacles, where entrepreneurs battle impossible odds, and where success …
Innovative Industrial Properties (NYSE: IIPR) reported in a regulatory filing on Friday that cannabis operator PharmaCann defaulted on rent payments for nine of its 11 leased properties – another setback in what had appeared to be an improving landlord-tenant relationship. According to a Securities and Exchange Commission filing, PharmaCann failed …
Despite years of turmoil, from sales declines to thousands of licensed businesses going under, illicit market competition and countless other hurdles, serial cannabis entrepreneur Dave Spradlin thinks there’s still hope for small companies to carve out successful niches. And he’s trying to prove that with a new small retail chain… …