PRESS RELEASE Full year revenue of $216.4 million Delivers on new store opening guidance for FY 2019 Kicks off 2020 with successful launch of Illinois adult-use cannabis market CHICAGO and VANCOUVER, British Columbia, March 26, 2020 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“GTI” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis […]
Banking, Finance & Real Estate
Surna Reports Q4 2019 and Full Year Results
PRESS RELEASE Announces $15.2 Million in 2019 Revenue and Downsizing of Operations in Response to Coronavirus Boulder, Colorado, March 24, 2020 (GLOBE NEWSWIRE) — Surna Inc. (OTCQB: SRNA) announced today operating and financial results for the three and 12 months ended December 31, 2019. Due to the unprecedented circumstances surrounding the COVID-19 virus and the uncertainty […]
urban-gro, Inc. Files Preliminary Non-Offering Prospectus and Submits Listing Application with the Canadian Securities Exchange
PRESS RELEASE LAFAYETTE, Colo., March 16, 2020 (GLOBE NEWSWIRE) — urban-gro, Inc. (OTCQX: UGRO) (“urban-gro” or the “Company”), a leading engineering design services company that integrates complex equipment systems into high-performance indoor cannabis cultivation facilities around the world, is pleased to announce that it has filed a preliminary non-offering long form prospectus (the “Prospectus”) with […]
Harvest Announces New Funding, Corporate Updates, Management and Board Changes
PRESS RELEASE Private Placement Funding, Progress on ICG Merger, Resignation of Executive Chairman Jason Vedadi and Planned Board Appointments PHOENIX, March 11, 2020 /CNW/ — Harvest Health & Recreation Inc. (CSE: HARV) (“Harvest“), a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., today announced the closing of an initial tranche of […]
Tilray, Inc. Announces Pricing of its $90.4 Million Registered Offering
PRESS RELEASE NANAIMO, BRITISH COLUMBIA, – NANAIMO, BRITISH COLUMBIA, March 13, 2020 — Tilray, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY), a global pioneer in cannabis production, research, cultivation and distribution, announced today that it has priced an underwritten registered offering of 7,250,000 shares of its Class 2 common stock and, in lieu of Class […]
Is 2020 the Year of Cannabis Stock Bankruptcies?
Could some of the most popular pot stocks go belly-up? The table appeared set in 2019 for cannabis stocks to deliver significant sales growth and push toward recurring profitability. It was supposed to be the year when pot stocks proved to doubters that the cannabis industry wasn’t a fad, and that the pricey valuations bestowed […]
Measurement and problem-solving for mature and less mature cannabis markets
As the cannabis industry continues to grow, management teams responsible for cultivation and infused product manufacturing face a challenging task: providing insights to help reduce waste, allocate resources, optimize profitability, and measure performance against strategic targets. If that isn’t challenging enough, management teams are also being asked to employ an approach simple enough, fast enough, […]
Tilray, Inc. Reports Fourth Quarter and Full Fiscal Year 2019 Financial Results
PRESS RELEASE Revenue Increased 287% to $167.0 (C$217.4) Million in Full Fiscal Year 2019 Compared to the Prior Year Adult-Use Revenue Increased Over Three-Fold in the Fourth Quarter Compared to the Prior Year Period; 7% Sequential Quarterly Revenue Growth Signed and Closed $60 Million Senior Credit Facility NANAIMO, BRITISH COLUMBIA – Tilray, Inc. (“Tilray” or […]
Some of the Biggest Marijuana Companies Could Burn Through Cash in Months
Some of the biggest cannabis companies in the U.S. and Canada could burn through their cash balances in a matter of months unless they’re able to raise funds or cut spending, according to research from the boutique investment banking firm Ello Capital. As pot stocks plunged over the past year, big spenders like Canopy Growth(ticker: CGC), Aurora […]
Aurora Cannabis Gets Smoked as CEO Resigns, 500 Jobs Are Cut
Shares of marijuana producer Aurora Cannabis plunge after announcing a major restructuring that involves laying off hundreds of staff and the resignation of its CEO. Shares of marijuana producer Aurora Cannabis (ACB) – Get Report plunged on Friday after the Canadian company announced a dramatic restructuring that involves the departure of hundreds of staffers, including its CEO. […]
