Canadian cannabis producer Entourage Health Corp. (TSXV: ENTG) – formerly WeedMD – will be taken private by LiUNA Pension Fund of Central and Eastern Canada for C$0.005 per share, the companies announced Monday, following months of mounting losses and debt covenant breaches. Entourage faces C$167.6 million in debt under credit …
This story was republished with permission from Crain’s Detroit. Michigan’s cannabis industry faces a reckoning in 2025. Oversupply and low, low prices are coming to a head in the industry, leaving a trail of shuttered cultivators and processors. The average price for an ounce of cannabis flower in Michigan’s adult-use …
The Massachusetts Cannabis Control Commission this week announced it had finally filled the long-vacant job of executive director, with a Dec. 18 vote by commissioners to hire Travis Ahern, who was originally a runner-up in October before the commission’s first choice declined the position. Ahern, the town administrator of Massachusetts …
With less than 12 hours to spare before the clock switched over to 2025, New York Gov. Kathy Hochul announced that the state’s legal cannabis inudstry surpassed the $1 billion sales mark since its launch just over two years ago, driven by 275 operational adult-use dispensaries. Not only that, but …