As more and more states legalize marijuana, American companies are racing to establish multi-state cannabis empires. It is still illegal under federal law, so exchanges like the New York Stock Exchange and Nasdaq aren’t an option for these outfits. Seven of the multi-state chains have raised war chests and listed their stocks on the Canadian […]
Industry News
Wana Brands Now Available in Michigan
PRESS RELEASE Chesaning, Mich. (February 14, 2019)—Wana Brands’ consistent and reliable Wana Sour Gummies are now available to Michigan’s medical marijuana program through an exclusive partnership with High Life Farms. Nearly 300,000 Michigan residents already possess a medical marijuana card making it the second largest medical marijuana patient population in the United States and more […]
A Big Pension Fund Is Going Bigger on Marijuana Stocks
The biggest pension fund in the U.S. has increased its exposure to marijuana stocks. Barron’s has reported that although the California Public Employees’ Retirement System, commonly known as Calpers, has a ban on investing in tobacco stocks, it is free to invest in companies that produce marijuana for recreational use, and marijuana products. In the fourth quarter, […]
This Marijuana Stock Just Made History (No, It’s Not Canopy Growth)
Investors have been flocking into marijuana stocks, and the returns that cannabis companies have generated for their shareholders have been impressive. Yet many investors are still shying away from companies in the marijuana industry because of the legal and logistical challenges involved with the business. In addition, the fact that so many of the most popular […]
Flow Kana Raises $125 Million to Build Largest Sustainable Cannabis Supply Chain
PRESS RELEASE Cannabis Industry’s Largest Private Round to Date Helps Drive Adoption of Sustainable Agricultural Model Structured Around Decentralized Small Farms REDWOOD VALLEY, Calif.–(BUSINESS WIRE)–Flow Kana, the leading sustainable supply chain company and distributor of sungrown cannabis products and services, today announced the completion of a $125 million round of financing – the nation’s largest […]
Harvest Health & Recreation Agrees to Acquire California’s Falcon International Corp.
Press Release Acquisition will substantially increase Harvest’s cultivation, manufacturing and distribution capabilities in California, add a suite of brands and augment Harvest’s management team February 14, 2019 08:30 AM Eastern Standard Time PHOENIX–(BUSINESS WIRE)–Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF), a vertically integrated cannabis company with one of the largest footprints in the […]
TILT Holdings Reports Preliminary Consolidated Revenue for January 2019 and Fiscal Year 2018
PRESS RELEASE February 14, 2019 08:00 AM Eastern Standard Time CAMBRIDGE, Mass.–(BUSINESS WIRE)–TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTC: SVVTF) today announced preliminary and unaudited pro forma January 2019 gross revenue of US$18.3 million(1). This compares favorably to the Company’s unaudited pro forma 2018 annual gross revenue of US$97.3 million(2). Gross margins […]
Impact of Wayfair on the Cannabis Industry
On June 21, 2018, the United States Supreme Court decided South Dakota v. Wayfair, Inc., 585 U.S. __ (2018). In a 5-4 decision, the Court found in favor of the State of South Dakota and overturned its prior holdings in Quill Corp. v. North Dakota, 504 U.S. 298 (1992) and National Bellas Hess, Inc. v. […]
Harvest Health & Recreation Acquires Six Additional Licenses in Home State of Arizona
PRESS RELEASE Multi-State, Vertically Integrated National Cannabis Operator Now Controls 16 Licenses in Country’s Third Largest Medical Market February 12, 2019 08:50 AM Eastern Standard Time PHOENIX–(BUSINESS WIRE)–Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF), a vertically integrated public cannabis company with one of the largest footprints in the U.S., has entered into a binding […]
Aurora Cannabis Sales Strong As Losses Swell, Offers ‘First Real Look’ At Canadian Pot Sales Potential
Canadian marijuana producer Aurora Cannabis (ACB) reported fiscal second-quarter sales that came in at the high end of an earlier forecast, even as the company’s losses ballooned. Aurora Cannabis stock and other marijuana stocks were mostly lower after Monday’s close. The company’s results arrive as investors look for more insights into how Canada’s biggest pot companies are […]
‘It gives a lot of people joy’: Kamala Harris and the evolution of marijuana and politics
President Bill Clinton admitted to smoking marijuana but famously said he never inhaled. President George W. Bush is believed to have partaken in illicit drugs in his youth, though he always played coy about it. President Barack Obama wrote candidly about his past marijuana and cocaine use but was never a strong supporter of pot […]
Security Master Planning in the Cannabis Industry – Part 2: The Security Technology Plan
This article is the second in a series of four (4). PART 1 in this series explained that to legally operate a cannabis business, whether medical or recreational, a license or permit to operate must be obtained. Every state has its own regulations and application process in place. They all require security measures to provide […]
If You Judge Your PR Efforts By The Number Of Media Mentions You Get, Then Its Time For You To Re-Evaluate Your P.R. Campaign
By Doug Poretz Public Relations and related communications efforts were born as a result of the Industrial Revolution, and unfortunately many PR efforts still embrace Industrial Revolution values. That’s surprisingly true even for the cannabis community. It’s time to get your promotional efforts into the 21stCentury. Until the Industrial Revolution, people bought things because they […]
Former Cyclist Floyd Landis To Open Up CBD Cafe In Pennsylvania
Floyd Landis, the Lancaster cyclist whose sensational 2006 Tour de France victory was nullified after a doping scandal, is now setting the pace deep into his second career — peddling state-legal marijuana and its derivatives. A pioneering cannabis entrepreneur, Landis has put the international doping scandal behind him. He has rebuilt his reputation, and become […]
Cannabis Real Estate Evolution: What you need to consider
By Jacques Santucci The cannabis industry is evolving rapidly and so is your view of the real-estate market From coast to coast, America’s real estate markets are facing considerable shifts due to the advent of the legal cannabis industry, prompting once derelict store fronts and industrial warehouses to skyrocket in price, with competition for precious […]
MedMen Completes Previously Announced Acquisition of Illinois Dispensary
PRESS RELEASE February 08, 2019 07:00 AM Eastern Standard Time LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF) (FSE: A2JM6N) is pleased to announce that it has closed its previously announced acquisition (the “Acquisition”) of Seven Point, a licensed medical cannabis dispensary located in the historic Chicago suburb of Oak […]
Wall Street’s Contact High: The Marijuana Billionaire Who Doesn’t Smoke Weed
With the help of Big Beer and Big Pharma, Brendan Kennedy’s Canadian cannabis company Tilray has unexpectedly become America’s gateway to the legal marijuana industry. It’s just after 6, on a pitch-dark morning in December, and Brendan Kennedy is standing over the stove, wearing shorts and a vest, meditatively melting butter in a pancake pan. […]
Tilray® Expands Leadership Team in Europe to Drive Global Expansion Strate
PRESS RELEASE Former pharmaceutical leader from Grünenthal joins Tilray, strengthening the company’s position in Europe NANAIMO, B.C – Today, Tilray, Inc. (NASDAQ:TLRY), a global pioneer in cannabis production, research, cultivation and distribution, announces the expansion of its global senior leadership team with the appointment of Sascha Mielcarek as Managing Director, Europe. Sascha Mielcarek comes to […]
