Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) told investors it has closed on its previously announced acquisitions in Arizona and Virginia. As recently as July 29, Verano announced it intended to buy three subsidiaries from The Cannabist Company (Cboe CA: CBST) (OTCQX: CBSTF). The deal included Arizona properties 203 …
Tag: Southwest
Arizona’s cannabis market losing sales buzz
Falling sales, too many stores and declining cannabis prices have harshed the buzz for Arizona’s big cannabis market, with sales declining in both the medical marijuana and adult-use markets. According to cannabis data firm Headset, between August 2022 and July 2024, total sales in the state “peaked in March 2023 …
Vext Science leans into Ohio for expansion as Arizona faces pressure
Vext Science, Inc. (CSE: VEXT) (OTCQX: VEXTF) reported its financial results for the second quarter ending June 30, 2024. Revenue grew slightly sequentially to $8.4 million over the first quarter’s $8.3 million but fell below last year’s second-quarter revenue of $9.1 million. The company attributed the decline in sales to …
US cannabis sales jump in July for most states
July was a month for celebrating the United States’ independence – and also cannabis sales apparently. Most states with regulated adult-use cannabis markets reported a rise in sales for the month. Once again, the number one and two spots for top sales belonged to California and Michigan respectively. California didn’t …