Despite recent media focus on various U.S. cannabis markets being in decline and lamentations of marijuana business failures galore, San Diego-based Adam Stettner, the CEO of FundCanna, said he actually sees a quite “healthy” industry with many companies performing well despite the innumerable obstacles they face. Or, perhaps more accurately, …
Tag: Investing
Verano Holdings to buy back $50M in shares
Chicago-based Verano Holdings Corp. (OTCQX: VRNOF) announced Monday that its Board of Directors authorized a share repurchase program of up to $50 million of the company’s Class A subordinate voting shares. The move allows Verano to buy back its own stock, which the company believes is undervalued in the market. Verano …
The Cannabist Company to exit Florida, focus on Ohio, Delaware
The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) announced Monday that it will exit Florida, one of the biggest state cannabis markets in the U.S., to focus on other limited-license recreational marijuana markets, including Ohio and Delaware. The Cannabist Co. – which lost $34 million in the first …
Massachusetts regulators allow cannabis deliveries to islands
Massachusetts cannabis regulators unanimously approved an administrative order on Thursday to allow the transport of marijuana products to the popular summer destinations of Martha’s Vineyard and Nantucket. The Cannabis Control Commission’s decision, which took effect immediately, comes in response to a lawsuit filed in May by the owners of two …