Marijuana distributor Nabis, which cut its teeth in its highly competitive home state market of California, is now entering neighboring Nevada with the acquisition of Blackbird, which reportedly controls 25% of the Nevada cannabis supply chain. Terms of the deal were not disclosed, but in a press release, Nabis co-CEO …
Tag: Investing
Heritage Cannabis posts C$20 million loss for 2023 fiscal year
Toronto-based Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQB: HERTF) reported a C$19.9 million net loss for its latest fiscal year, which ended on Oct. 31, 2023. Most of the losses, C$14.1 million, were incurred in the fourth quarter alone, Heritage reported. The company highlighted that despite the staggering loss, the …
From cultivator to consumer: What’s driving THC inflation?
THC inflation has become so pervasive that even public companies like Organigram (Nasdaq: OGI) are starting to make noise about it. “THC inflation is alive and well out in the market,” Organigram CEO Beena Goldenberg said in the company’s most recent earnings call. “… We are seeing continued higher THC, …
Number of the Week: $235
$235 – Per capita adult-use cannabis sales in Missouri’s first full year At $235 per adult resident of the state, adult-use cannabis sales in Missouri’s first full year ranks among the strongest seen in the U.S., slightly tailing the $236 in Montana’s first year. Compared to the first year sales …