News


BevCanna to Acquire Established Beverage Company, Naturo Group, With Over $35M in Assets

November 25th, 2020 - Ryan Allway

Emerging leader in infused cannabis beverages, BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) (“BevCanna” or the “Company”) announced today that it has signed a letter of intent (the “LOI”) dated November 24, 2020 with Naturo Group Investments Inc. (“Naturo” or the “Target”), a privately held company, pursuant to which the Company proposes to purchase all of […]

Rubicon Organics to Enter Québec Market

November 25th, 2020 - Ryan Allway

Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified cannabis, today announced that it has executed a letter of understanding (“LOU”) with Société québécoise du cannabis (“SQDC”) for the distribution of its portfolio of cannabis products to consumers in the province of […]

Village Farms International’s Pure Sunfarms Enters into Supply Agreement with Medical Cannabis by Shoppers Inc.

November 25th, 2020 - Ryan Allway

Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) (TSX: VFF) today announced that its wholly owned Canadian cannabis subsidiary, Pure Sunfarms, has entered into an agreement (“Supply Agreement”) with Medical Cannabis by Shoppers Inc., a subsidiary of Shoppers Drug Mart Inc (“Shoppers”), under which Pure Sunfarms will  supply a range of its […]

Her Highness Cannabis Brand Now available in Nevada through Body and Mind Partnership

November 25th, 2020 - Ryan Allway

Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) (the “Company” or “BaM”), a multi-state cannabis operator, and Her Highness, a growing cannabis brand designed to introduce and educate women around cannabis, announces today the launch of Her Highness in Nevada through their production licensing agreement. Her Highness will launch Quarantine Queen, a 20-pack of indoor-grown […]

Why Focus on Cannabis & Mushroom Extracts?

November 25th, 2020 - Ryan Allway

  Cannabis extracts are poised to become a $28.5 billion market by 2027, according to Grand View Market Research, representing a 16.6% compound annual growth rate. At the same time, the functional mushroom market is forecast to reach $34.3 billion by 2024, which represents a respectable 8% compound annual growth rate. Let’s take a look […]

AgraFlora’s Delta Greenhouse Receives Agriculture Loan

November 24th, 2020 - Ryan Allway

VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) — AgraFlora Organics International Inc. (“AgraFlora” or the “Company”) (CSE: AGRA) (Frankfurt: PU31) (OTCPK: AGFAF) is pleased to announce that Propagation Services Canada Inc., the Company’s flagship cultivation asset located in Delta, British Columbia (the “Delta Facility” or “PSC”) has received an Agriculture Loan (the “Loan”) to bring its cannabis cultivation to […]

Green Relief Announces New Ownership with Plans to Expand Medical Cannabis Line

November 24th, 2020 - Ryan Allway

November 23, 2020 01:47 PM Eastern Standard Time HAMILTON, Ontario–(BUSINESS WIRE)–Green Relief Inc. today announced that it has completed its restructuring process and has been acquired by Olivier Dufourmantelle and Angus Footman, two industry veterans who have worked with some of Canada’s leading cannabis companies. The company retained key employees and is open for business […]

KushCo Partners with United Pacific to Expand CBD Distribution Across 350 Gas Stations and Convenience Stores in the Western U.S.

November 24th, 2020 - Ryan Allway

  KushCo’s Retail Services Division to Serve as Category Captain for Custom-Designed CBD Wellness Centers CYPRESS, CA / ACCESSWIRE / November 19, 2020 / KushCo Holdings, Inc. (OTCQX:KSHB) (”KushCo” or the ”Company”), a premier provider of ancillary products and services to the legal cannabis and CBD industries, has teamed up with United Pacific, one of the […]

Subversive Capital Acquisition Corp., the Largest Cannabis SPAC in History, Announces Transaction with Shawn “JAY-Z” Carter, Roc Nation, Caliva and Left Coast Ventures

November 24th, 2020 - Ryan Allway

Newly formed vertically integrated cannabis company to be named TPCO Holding Corp. (The Parent Company), will be the largest in California Shawn “JAY-Z” Carter will join The Parent Company as Chief Visionary Officer to guide brand strategy and The Parent Company Social Equity Ventures, a corporate venture fund investing in Black-owned and minority-owned cannabis businesses Entertainment powerhouse Roc […]

City View Green Holdings Inc. Advances Deposit for Chocolate Edibles Equipment

November 24th, 2020 - Ryan Allway

Toronto, Ontario–(Newsfile Corp. – November 24, 2020) – City View Green Holdings Inc. (CSE: CVGR) (“City View” or the “Company“), trading through the facilities of the Canadian Securities Exchange (“CSE“) under the symbol “CVGR” and on the OTCQB® under the symbol “CVGRF”, is pleased to announce that a deposit has been advanced for the purchase of […]

Driven Deliveries Announces Partnership With Pabst Labs

November 23rd, 2020 - Ryan Allway

Pabst Blue Ribbon Cannabis Infused Seltzer Available Statewide through Driven’s Proprietary E-commerce Platform Driven to be Acquired by Stem Holdings, to be Renamed ‘Driven By Stem’ LOS ANGELES, Nov. 16, 2020 /PRNewswire/ — Driven Deliveries, Inc. (“Driven“) (OTCQB: DRVD), one of California’s fastest-growing online cannabis retailers and direct-to-consumer logistics companies, today announced a partnership with Pabst Labs to enable its new Pabst Blue Ribbon Cannabis […]

Red White & Bloom Shareholders Approve Deferring the Conversion date of the Preferred Shares to May 24, 2021

November 23rd, 2020 - Ryan Allway

TORONTO, Nov. 23, 2020 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE:RWB, OTC:RWBYF) (“RWB” or the “Company”) is pleased to report the results of the special meeting of the holders of common shares and the Series 2 convertible preferred shares and a class meeting of the holders of the Series 2 convertible preferred […]

Bhang Amends Secured Credit Facility with Cannabis Growth Opportunity Corporation

November 23rd, 2020 - Ryan Allway

MIAMI, Nov. 20, 2020 /CNW/ – Bhang Inc. (“Bhang” or the “Company“) (CSE: BHNG) (OTCQB: BHNGF), a global cannabis CPG brand company with an award-winning portfolio of products, announced today the Company has amended its secured credit facility (the “Credit Facility“) with Cannabis Growth Opportunity Corporation (“CGOC“) (CSE: CGOC) which was entered into on July 17, 2020. The Company and CGOC […]

Delta 9 Achieves Milestone Agreement with Ahahswinis Green Investments Micro Cultivation Partner

November 23rd, 2020 - Ryan Allway

WINNIPEG, Manitoba, Nov. 19, 2020 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) (“Delta 9” or the “Company”), is pleased to announce that it has completed its final services milestone under an agreement with Ahahswinis Green Investments Ltd (“Ahahswinis”) which is 100% owned by Hupacasath First Nation. Ahahswinis is an arms length […]

Canopy Growth announces completion of study on the long-term effects of CBD

November 23rd, 2020 - Ryan Allway

Study represents the first research completed on the long-term toxicity and lifespan effects of cannabidiol in the preclinical model C. elegans SMITHS FALLS, ON, Nov. 23, 2020 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) and its medical division, Spectrum Therapeutics, have completed and published a new study on the long-term effects of […]

Village Farms International’s Pure Sunfarms Receives Cannabis Research License for On-Site Sensory Evaluation from Health Canada / Pure Sunfarms Brand Debuts Internationally

November 23rd, 2020 - Ryan Allway

VANCOUVER, BC, Nov. 23, 2020 /PRNewswire/ – Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) (TSX: VFF) today announced two positive developments with respect to its wholly owned Canadian cannabis subsidiary, Pure Sunfarms. Pure Sunfarms Receives Cannabis Research License for On-Site Sensory Evaluation from Health Canada Pure Sunfarms has received from Health Canada its Cannabis Research […]

Ayr Strategies Reports Third Quarter 2020 Results & Updates Investors on 2021 Expansion Initiatives

November 23rd, 2020 - Ryan Allway

Q3 Revenue up 61% Q/Q to $45.5 Million; Adjusted EBITDA More Than Doubles to $19.3 Million Annual Revenue & Adjusted EBITDA Run-Rate of $182 Million and $77 Million, Respectively Generated Over $13 Million in Cash from Operations in Q3; Cash Balance Remains Strong with $23 Million as of September 30, 2020 Received Three HCA Approvals […]

Cresco Labs Announces Record Revenue of $153.3 Million, Growth of $59 Million or 63% QoQ, and Adjusted EBITDA1 of $46.4 Million

November 23rd, 2020 - Ryan Allway

Company affirms position as the largest wholesaler of branded products in the industry with $90.5 million in wholesale revenue Record revenue of $153.3 million, 63% growth QoQ, an absolute increase of $59 million Record adjusted EBITDA1 of $46.4 million, 182% growth QoQ Record cashflow from operations of $17.8 million Retail revenue growth of 60% QoQ to […]

Curaleaf Reports Record Third Quarter 2020 Financial and Operational Results

November 23rd, 2020 - Ryan Allway

Record Third Quarter Pro Forma Revenue(1)(2)of $215.3 Million Record Third Quarter Managed Revenue(1)of $193.2 Million, up 164% and in Line with Company Guidance Record Year-to-Date Managed Revenue(1) of $419.6 Million Record Third Quarter Adjusted EBITDA(1) of $42.3 Million as Operations Across 23 States Continue to Scale WAKEFIELD, Mass., Nov. 17, 2020 /PRNewswire/ — Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading U.S. […]

Greenlane Reports Record Core Business Revenue in Q3 2020

November 23rd, 2020 - Ryan Allway

Core Revenue Expands 36% to $32.3 million Compared to Q3 2019 Sales of Greenlane Brands Grew Approximately 65% to $5.6 million Compared to Q3 2019 Implements Further G&A Expense Reductions to Achieve Annualized Savings of Approximately $5.0 million Strong Balance Sheet Includes $40.0 million in Cash to Support Expansion Initiatives BOCA RATON, Fla., Nov. 16, […]

Trulieve Achieves Record Third Quarter Results, Enters 6th State

November 23rd, 2020 - Ryan Allway

Expands MSO footprint while achieving its 11th consecutive quarter of profitability TALLAHASSEE, FL, Nov. 17, 2020 /CNW/ – Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States, today announced its results for the quarter ended September 30, 2020. As previously disclosed, the Company is transitioning to U.S. generally accepted […]

TILT Holdings Reports Third Quarter 2020 Financial Results Including Record Adjusted EBITDA, Enters into Definitive Agreement for the Sale of Blackbird Subsidiary

November 23rd, 2020 - Ryan Allway

Revenue of $40.4 million, driven in part by a 24% sequential increase in the cannabis segment compared to the second quarter of 2020 Gross margin of 30.3%, a 193-basis point improvement from the second quarter of 2020, driven by margin expansion in the cannabis segment Record adjusted EBITDA of $2.8 million, an increase of 134% from the second quarter […]

TerrAscend Reports Record Third Quarter 2020 Net Sales of $51 Million and Adjusted EBITDA(1) of $17.8 Million

November 23rd, 2020 - Ryan Allway

— Net sales increased 90% year-over-year to $51 million — Adjusted EBITDA1 margin increased to 35% from 24% in Q2 — 2020 full year guidance increased to at least $196 million in net sales from $192 million and at least $54 million of adjusted EBITDA1 from $45 million — 2021 full year guidance initiated at $360-380 million in net sales and $140-160 million of adjusted EBITDA1 NEW […]

Harborside Inc. Reports Third Quarter 2020 Financial Results

November 23rd, 2020 - Ryan Allway

Generates 21.2% Sequential Revenue Growth, with Record Gross Revenues of $19.6 Million and Continued Positive Adjusted EBITDA (1) of $4.5 million Reports Strong Combined Gross Margin of 54.7% (1) Driven by Improved Harvest Yields and Higher Wholesale Volumes Expects Full Year Gross Revenues of Approximately $61 Million – $63 Million with Adjusted EBITDA of 8-10% (1)(2) OAKLAND, CA and TORONTO, Nov. 18, 2020 /CNW/ – Harborside Inc. (“Harborside” or the “Company”) (CSE: […]

ManifestSeven: The Importance of Cannabis Distribution

November 23rd, 2020 - Ryan Allway

  Most cannabis investors are familiar with cultivation operations and dispensaries, but distribution is quickly becoming one of the industry’s most important components. Although distribution plays a big role in other regulated industries, the cannabis industry has only begun recently to recognize the critical role of distributors in the ecosystem. Let’s take a look at […]

Clever Leaves Announces Milestone in Cannabis Exports to 14 Different Countries on 5 Continents

November 19th, 2020 - Ryan Allway

Company continues to successfully expand international partnerships, supply chain, and logistics operations November 18, 2020 08:00 ET | Source: Clever Leaves NEW YORK, Nov. 18, 2020 (GLOBE NEWSWIRE) — Clever Leaves International Inc. (“Clever Leaves”), a leading multi-national operator and licensed producer of pharmaceutical-grade cannabinoids, has provided an update on their current international footprint by announcing successful exportation of cannabis products […]

Indus Holdings, Inc. Announces Preliminary Expansion Plans

November 19th, 2020 - Ryan Allway

The Company takes first step in its expansion with the addition of a 300,000 sq. ft. facility within Monterey County SALINAS, Calif., Nov. 18, 2020 (GLOBE NEWSWIRE) — Indus Holdings, Inc. (“Indus” or the “Company”) (CSE:INDS; OTCQX: INDXF), a leading, vertically-integrated, California-focused cannabis company, announced that it has entered into a Letter of Intent (“LOI”) to lease […]

Fiore Cannabis Ltd. Announces LOI of US$2 Million Secured Loan

November 19th, 2020 - Ryan Allway

11/19/2020 | 07:05am EST Kelowna, British Columbia–(Newsfile Corp. – November 19, 2020) –  Fiore Cannabis Ltd. (CSE: FIOR) (OTCQX: FIORF) (“Fiore” or “Company”), a licensed multi-state Cannabis cultivator, producer and retailer, is pleased to announce that it has executed a non-binding letter of intent (“LOI”) on November 17, 2020 with a private company (“Lender”) for […]

INDVR Brands Inc. Announces Closing of First Tranche of Private Placement for Gross Proceeds of $1.96 Million

November 19th, 2020 - Ryan Allway

Vancouver, British Columbia and Denver, Colorado–(Newsfile Corp. – November 18, 2020) – INDVR Brands Inc. (CSE: IDVR) (“INDVR”, “INDVR Brands” or the “Company”) is pleased to announce that it has closed the first tranche of a non-brokered private placement, inclusive of debt settlement arrangements (the “Offering”) of 15,681,250 subordinate voting units of the Company (each, […]

High Tide Completes Acquisition of Meta Growth

November 19th, 2020 - Ryan Allway

  Creates a Leading Canadian Cannabis Retailer with 65 Operating Retail Locations1 and $148 million in Annualized Revenue2 Both companies have already begun executing on post-closing integration initiatives, which are expected to result in approximately 60% of the initially identified annual synergies being realized almost immediately High Tide to commence trading on the TSX Venture Exchange on November 19, 2020 under […]


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