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💼 NY Cannabis Regulators sued by group that includes Registered Organizations (ROs)
Avextra closes €17M Convertible Note. Lowell Farms divests Brands and IP. Cresco Labs Q4 Rev. of $200M, down (8%) Y/Y. TerrAscend Q4 2022 Rev. of $69.0M, up 50% Y/Y. More layoffs at Leafly.
Mar 20
1
🏃 Missouri on track to be fastest state to reach $1B in Cannabis sales
62% voted "No" to legalizing in Oklahoma. Skymint sued over $127M+ owed to Tropics LP (SNDL). TerrAscend applies to list on TSX. Q4 Earnings: Trulieve ($302M), Ayr Wellness ($125M), AWH ($135M).
Mar 14
2
🎙️ Petalfast, CEO, Jason Vegotsky
Petalfast currently views itself as the #3 cannabis distributor in CA, with the goal of becoming the #1 or #2 distributor by year end. The company has doubled revenue over the past 3 months.
Mar 23
2
🧾 $102.9M in February sales for Missouri
New York to double number of retail cannabis dispensary licenses. GTI Q4'22: $259M Rev., up 6% Y/Y, down (1%) Q/Q. Marimed Q4'22: $35.8M Rev. (44% GM). RIV Capital CEO departs. Olla shuts down.
Mar 6
2
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🐎 New Mexico Cannabis Sees $3.5M in Sales after First Weekend of Adult Use
2
📉Cannabis Companies have raised $294M in 1H 2022, less than 1/3 the total raised in 1H 2021
2
💳 Shryne Group (Stiiizy) receives Senior Secured Term Loan that could go up to $170M
2
🌿 Wholesale Flower Prices Plummets in MI While Supply Concerns in NJ
2
⛱️ Recap: Benzinga Cannabis Capital Conference
3
💼 JWAM Seeks Order to Require RIV Capital to purchase firm's Common Shares at Fair Value as of March 29, 2022, the day prior to the announcement of the Etain Acquisition.
7
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❌ Dispensary Closures
Tracking dispensary closures and the reasons why.
Mar 3
Altria rumored to acquire NJOY for up to $3.25B ($2.75B + $500M Earn-Out)
NJOY has ~3% market share of U.S. e-cig sales. Revenue estimates puts it at $150M in 2022 (15% decline Y/Y). The company sells a battery, refillable…
Feb 28
1
⏳ Cresco Labs and Columbia Care Extend Acquisition Closing Timeline to June
TPCO + Gold Flora. CA 2022 sales of $5.3B, down 8.6% from 2021. VA’s adult-use cannabis market stalled indefinitely. Green Check Verified raises $6M…
Feb 28
🤝 The Parent Company (TPCO) and Gold Flora to Merge
TPCO merges with Glora Flora rather than go at it alone. A standalone TPCO with its cash balance was thought to have a huge competitive advantage in the…
Feb 27
1
💳 Canopy Growth Raises up to $150M Senior Unsecured Convertible Debentures
Twitter to allow cannabis advertising (but can't promote or offer to sale). MariMed acquires third dispensary in MA. Schwazze acquires two Smokey's…
Feb 21
2
🎙️ Hirsh Jain, Founder, Ananda Strategy
Hirsh's background in law, management consulting, and Government Affairs at Airbnb, Caliva and MedMen provides him a unique perspective to help clients…
Feb 17
1
🌵 Ayr Wellness exits AZ, appoints new CEO
Alleaves acquires BioTrack from Forian ($30M). Bloomwell Group (Germany) raises funding from Artemis and Measure 8. Ayr Wellness appoints David Goubert…
Feb 13
2
🧾Canopy Growth FY2023 Q3 Results
Net revenue of $101M declined 28% Y/Y, (2%) GM, ($88M) Adjusted EBITDA. $140-$160M cost reduction next 12 months, impacting 800 jobs.
Feb 9
1
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Most popular
🐎 New Mexico Cannabis Sees $3.5M in Sales after First Weekend of Adult Use
2
📉Cannabis Companies have raised $294M in 1H 2022, less than 1/3 the total raised in 1H 2021
2
💳 Shryne Group (Stiiizy) receives Senior Secured Term Loan that could go up to $170M
2
🌿 Wholesale Flower Prices Plummets in MI While Supply Concerns in NJ
2
⛱️ Recap: Benzinga Cannabis Capital Conference
3
💼 JWAM Seeks Order to Require RIV Capital to purchase firm's Common Shares at Fair Value as of March 29, 2022, the day prior to the announcement of the Etain Acquisition.
7
See all popular
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Highly Objective
Cannabis industry news, insights, and analysis
By Dai Truong
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