Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) reported stronger sales and a smaller loss for the first quarter ending March 31, as the multistate cannabis company benefited from continued growth in Florida’s medical marijuana market. The Miami-based company booked revenue of $25.2 million for the period, up 14% from a year …
Tag: Southwest
Cansortium, RIV Capital to merge, creating new four-state MSO
Florida-based Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) and New York-based RIV Capital (CSE: RIV) (OTC: CNPOF) will merge forces into a single new cannabis company, with the blessing of RIV stakeholder Scotts Miracle-Gro (NYSE: SMG), the trio of companies announced Thursday. Once the deal closes, the newly formed multistate operator …
Analysis: Growing Number of Native American Tribes Engaging in Cannabis Sales
Currently, tribes are operating businesses in nine states: California, Michigan, Minnesota, Nevada, New Mexico, New York, North Carolina, South Dakota, and Washington. The post Analysis: Growing Number of Native American Tribes Engaging in Cannabis Sales […]
4Front sees first quarter revenue dip, pushes expansion efforts
4Front Ventures Corp. (OTCQX: FFNTF) reported a year-over-year revenue decline in the first quarter of 2024 ending March 31, as it continues investing in cultivation and retail growth initiatives. 4Front posted revenue of $18.8 million for the January-March period, down from $26.3 million in the same last year. The Phoenix-based …