pot

In May 2019, California significantly cut its cannabis tax revenue projections through June 2020. In just four months, state projections decreased by $223 million. Much of the blame is often placed on the state's rampant illicit market. Since the legalization of adult use cannabis, California...

KushCo Holdings Inc (OTC: KSHB), a provider of ancillary services to the cannabis industry, reported third-quarter results after the close Tuesday.  What Happened The company said its revenue for the quarter ended May 31 surged by 221% on the year and amounted to a record $41.5 million. ...

Cannabis producer company CannTrust Holdings Inc (NYSE: CTST) said Monday that it accepts a Health Canada non-compliance finding; this "sharp turn of events" prompted Bank of America Merrill Lynch to double downgrade the stock. The Analyst Christopher Carey downgraded CannTrust...

"420 Investor" Alan Brochstein has a simple message to CannTrust Holdings Inc (NYSE: CTC) CEO Peter Aceto: apologize for violating Health Canada rules and resign. What Happened CannTrust said in a press release Monday that it "accepted" a Health Canada finding that some of its...

Cannabis company 1933 Industries Inc. (OTC: TGIFF) reported third-quarter results Tuesday that included a 28% quarter-over-quarter jump in revenue to CA$4.6 million ($3.5 million).  The company's gross margin fell from 43.7% in the third quarter of 2018 to 24.8%. The company...

Canopy Growth Corp (NYSE: CGC) has no interest in using any of its capital to buy any more cannabis producers either in Canada or abroad, CEO Bruce Linton told the Financial Post. What Happened Canopy bought at least a dozen smaller cannabis producers over the past year, but the string of...

Canopy Growth Corporation (NYSE: CGC) is adding to its production capacity, announcing Monday that it received a license for an outdoor cultivation site in Northern Saskatchewan. The first cannabis cuttings were planted at the 160-acre field in the province hours after the license came...

Organigram Holdings Inc. (NASDAQ: OGI) is more than doubling its number of cultivation rooms after receiving approval from Health Canada. The authorization will add 17 cultivation rooms to the cannabis producer's previously licensed 13, the company said Monday.  Why It Matters The 17...

Innovative Industrial Properties Inc (NYSE: IIPR) announced Friday that it acquired a property in Michigan and entered into a long-term lease agreement with Emerald Growth Partners. What Happened The property in Harrison, Michigan comprises around 45,000 square feet of industrial space. The...

Canopy Growth Corp (NYSE: CGC) announced a multiyear advanced manufacturing agreement with Colombia's Procaps S.A.S. Monday as part of a broader update on its operations worldwide.  South American Developments  Canopy said it will leverage Procaps’ encapsulation capacity....

A subsidiary of Neptune Wellness Solutions Inc. (NASDAQ: NEPT), 9354-7537 Québec Inc., has received approval for cannabis license amendments from Health Canada. Why It Matters The key amendment to 9354-7537 Québec's license raises the company's extraction capacity....

Medicine Man Technologies, Inc. (OTC: MDCL)'s M&A activity in the cannabis space is ongoing, and this time the Colorado company has its sights set on the international market. What Happened  The vertically integrated company said Wednesday that it entered into a binding term sheet...

The Green Organic Dutchman Holdings Ltd. (OTC: TGODF) said Wednesday that it's entered into a processing and manufacturing agreement with Neptune Wellness Solutions Inc. (NASDAQ: NEPT). Why It Matters Under the three-year agreement, Neptune will provide The Green Organic Dutchman with...

Vertically integrated Canadian company Valens GroWorks Corp. (OTC: VGWCF) has expanded the multiyear agreement with Tilray Inc. (NASDAQ: TLRY) that it signed Feb. 26.  What Happened  The expanded agreement adds to the volume of extraction services Valens will provide to Tilray and adds an...

A lawsuit filed against MedMen Enterprises Inc. (OTC: MMNFF) that argued CEO Adam Bierman and President Andrew Modlin made decisions in their own personal interest rather than that of shareholders has been dismissed, the cannabis company said Thursday.  What Happened Plaintiffs Brent Cox, Omar...