News
CALGARY, AB, Aug. 30, 2023 /PRNewswire/ – Decibel Cannabis Company Inc. (the “Company” or “Decibel”) (TSXV: DB) (OTCQB: DBCCF), a market leader in premium cannabis and extract manufactured products, is pleased to announce that it has expanded its global footprint by entering into a supply agreement (the “Agreement”) to provide premium dried medical cannabis flower to 4C LABS, a […]
PharmaCielo Announces Q2 2023 Financial Results
All figures in Canadian dollars ($) unless otherwise specified Toronto, Ontario and Rionegro, Colombia–(Newsfile Corp. – August 29, 2023) – PharmaCielo Ltd. (TSXV: PCLO) (OTCQX: PCLOF) (“PharmaCielo” or the “Company“), the Canadian parent of Colombia’s premier cultivator and producer of dried flower and medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., today announced financial results for the second […]
LAS VEGAS, NV / ACCESSWIRE / August 28, 2023 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNHF) (“Planet 13” or the “Company“), a leading vertically-integrated multi-state cannabis company, today announced that it has entered into a membership interest purchase agreement (the “Purchase Agreement“) dated August 28, 2023 to acquire all of the ownership interests of VidaCann, LLC (“VidaCann“) from […]
Hempacco to Host ‘Dogg lbs’ Master Distributors at Snoop Dogg’s Concert in Irvine, CA
Local and national ‘Dogg lbs’ master distributors to attend Snoop Dogg concert hosted by Hempacco’s management team San Diego, California–(Newsfile Corp. – August 25, 2023) – Hempacco Co, Inc. (NASDAQ: HPCO) (“Hempacco”) plans to host a VIP pre-concert party at Snoop Dogg’s upcoming concert in Irvine, California on Sunday, August 27, 2023. As part of the […]
Glass House Brands Completes First Tranche of $15 million Series D Preferred Stock Offering
– Demand for the offering has been robust, with US$10.9 million included in the initial closing, and commitments in hand for the entire US$15.0 million – Series D capital will accelerate completion of the SoCal Farm Greenhouse 5 retrofit and strengthen Glass House’s balance sheet LONG BEACH, Calif. and TORONTO, Aug. 24, 2023 /CNW/ – Glass House Brands Inc. (“Glass House” […]
Lifeist’s CannMart Maintains Momentum with Cannabis Category Growth
CannMart moves to direct-to-retailer distribution in the province of Saskatchewan and reports in-house brand Roilty continues to drive growth in concentrate categories, with product breadth expansion from Rilaxe Cannabis TORONTO, Aug. 24, 2023 (GLOBE NEWSWIRE) — Lifeist Wellness Inc. (“Lifeist” or the “Company”) (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF), a health-tech company that leverages advancements in […]
SLANG Worldwide Announces Second Quarter 2023 Financial Results
Strongest adjusted margins1 to date of 54%, demonstrating an increase from adjusted gross margins of 43% in Q2 of 2022 Adjusted gross profit1 of $4.5 million in Q2 2023, compared with $4.3 million in Q2 2022, representing a 6.3% increase year-over-year Continued strong sales growth in Vermont, with revenue increasing by $1.8 million and $3.87 million, for […]
Hempacco Expands Horizons With New Master Distributor
Midwest Goods to promote Hempacco and Snoop Dogg’s partnership brand “Dogg lbs” nationwide San Diego, California–(Newsfile Corp. – August 22, 2023) – Hempacco Co, Inc. (NASDAQ: HPCO) (“Hempacco”), a hemp smokables company Disrupting Tobacco’s™ nearly $1 Trillion industry with hemp cigarettes, smoking paper, and alternatives to nicotine tobacco, today announced it entered into a Distribution […]
Humble & Fume Inc. Bolsters Cannabis Distribution with $4 Million USD Infusion
TORONTO, Aug. 22, 2023 /CNW/ – Humble & Fume Inc. (CSE: HMBL) (OTCQX: HUMBF) (“Humble” or the “Company”), a leading North American distributor of cannabis and cannabis accessories, today bolstered its expansion plans as it announced an additional $4 million USD investment by Green Acre Capital Distribution Corp. (“Green Acre”) into HC Solutions Holdings Inc. (“HCI”), a joint venture […]
Red White & Bloom Provides Update Relating to Aleafia Health
Court approves RWB’s Stalking Horse Bid for purposes of Aleafia Health’s CCAA Sale and Investment Solicitation Process TORONTO, Aug. 22, 2023 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on matters relating to Aleafia Health Inc. (“Aleafia Health”). RWB […]
LEEF Brands Reports Strong Second Quarter 2023 Financial Results
VANCOUVER, British Columbia, Aug. 22, 2023 (GLOBE NEWSWIRE) — LEEF Brands, Inc. (“LEEF” or the “Company”) (CSE: LEEF, OTC: LEEEF) a premier vertical cannabis operator, is pleased to report its financial results for the three and six months ended June 30, 2023. All currency references used herein are in United States dollars unless otherwise noted. […]
Greenlight Continues Nationwide Expansion, Issues Third Quarterly Dividend to Shareholders
he Missouri-based MSO will enter Nevada through acquiring a retail facility in Las Vegas and plans to launch a cultivation facility in West Virginia. KANSAS CITY, Mo., Aug. 21, 2023 – PRESS RELEASE – Greenlight, a leading, vertically integrated, multistate operator, announced that it has executed definitive agreements to acquire an operating adult-use dispensary in Las Vegas […]
Fort Lauderdale, Florida–(Newsfile Corp. – August 17, 2023) – Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a global consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution, has entered a partnership with TruHC Pharma GmbH (“TruHC”), a medical cannabis expert based in Hamburg, Germany. […]
AYR Wellness Reports Second Quarter 2023 Results
Revenue up 18% Y/Y to $116.7 Million, Excluding Discontinued Operations Company Delivers Record Adjusted EBITDA1 of $29.4 Million, up 78% Y/Y, 12% Sequentially, with Adjusted EBITDA Margin of 25% GAAP Loss from Operations Improved 81% Y/Y, 79% Sequentially to $(4.5) Million, Excluding Discontinued Operations MIAMI, Aug. 17, 2023 (GLOBE NEWSWIRE) — AYR Wellness Inc. (CSE: AYR.A, […]
Most profitable pure play public cannabis company in Canada1,2 CALGARY, AB, Aug. 17, 2023 /CNW/ – Decibel Cannabis Company Inc. (the “Company” or “Decibel”) (TSX-V: DB) (OTCQB: DBCCF), a market leader in premium cannabis and extract manufactured products, is pleased to announce its interim financial results for the three and six month periods ending June 30, 2023. Decibel […]
Glass House Brands Reports Record Second Quarter 2023 Financial Results
–Cash increased to $22.7 million from $16.4 million in Q1 2023, as operating cash flow reached a record $8.3 million – Adjusted EBITDA1 was $9.5 million versus a $0.1 million loss in Q1 2023 -Revenue was $44.7 million, up 54% sequentially and 171% year-over-year -Gross margin was 55% versus 41% in Q1 2023, and 2% in the prior year period -Q2 Biomass production2 was up 311% year-on-year […]
Ispire Technology Inc. Announces Key Leadership Appointments
LOS ANGELES, Aug. 14, 2023 /PRNewswire/ — Ispire Technology Inc. (“Ispire” or “the Company”) (NASDAQ: ISPR), a leader in vapor technology, providing high-quality, innovative products with first-class performance, announced today the appointment of Michael Wang as its Co-Chief Executive Officer. Mr. Wang previously served as Chief Financial Officer. Concurrently, Daniel J. Machock was appointed as the new Chief Financial Officer. Mr. […]
Premium Amanita Muscaria Mushroom Gummies Launched by Exhale Wellness
Commerce, CA | August 10, 2023 – Exhale Wellness, a premiere-rated, all-natural hemp brand, becomes the newest addition to the thriving US psychedelics market with its proud range of mystical mushroom gummies. These spellbinding Amanita Muscaria Mushroom Gummies redefine the landscape for psychoactive gummies with 500mg of pure potency, creating a new benchmark for individuals seeking an escape […]
Endexx Secures $2.0M Purchase Order for Non-Nicotine Vape Product HYLA From Sahara Trading UAE
Endexx’s HYLA Division Continues to Penetrate New Global Markets CAVE CREEK, AZ, Aug. 09, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Endexx® Corporation (OTCQB: EDXC), a provider of innovative plant-based wellness and nutritional products, today announced it has secured a $2.0 million USD order for its non-nicotine vape product, HYLA, from Sahara Trading UAE. The […]
Village Farms International Reports Significantly Improved Second Quarter
Canadian Cannabis Retail Branded Sales Increase 18% Year-Over-Year (24% in Canadian Dollars), Significantly Outpacing Market Growth Canadian Cannabis Delivers Positive Net Income and 19th Consecutive Quarter of Positive Adjusted EBITDA Canadian Cannabis Maintains Top-Three Market Share Position Nationally and Takes Over Number One Market Share Position in Quebec Canadian Cannabis Exports Increase 189% (217% in Canadian […]
Jones Soda Reports Second Quarter 2023 Results
Bottom Line Continued to Improve with Further Reductions in Operating Expenses and Gross Margin Expanding by 440 Basis Points SEATTLE, Aug. 09, 2023 (GLOBE NEWSWIRE) — Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) (“Jones Soda” or the “Company”), the original craft soda known for its unconventional flavors and user-submitted photo labels, announced its financial […]
Cannabix Technologies Files Breath Sample Capture Patent and Detects Delta- 8 THC in Early Testing
For immediate release. Vancouver, British Columbia, August 4, 2023: Cannabix Technologies Inc.(CSE: BLO, OTC PINK CURRENT: BLOZF) (the “Company”) developer of marijuana and alcohol breath testing devices reports that it has filed an International Patent Application (“PCT”) titled, “Apparatus and Methods for Capturing Non-Volatile and Semi-Volatile Substances from Breath”. This PCT application covers new innovations and intellectual […]
MariMed Reports Second Quarter 2023 Earnings
NORWOOD, Mass., Aug. 02, 2023 (GLOBE NEWSWIRE) — MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced its financial results for the second quarter ended June 30, 2023. “I am pleased to report another solid quarter of accelerating revenue growth […]
Christina Lake Cannabis Reports Second Quarter 2023 Results
Q2’23 Highlights Revenue up 36% to $1.4M over prior year period; increase of 81% over Q1’23 Distillate volumes sold increased by 118% compared to the six-month period ending Q2’22 Gross margin of $2.3M or 42.8% before fair value adjustments for the six-month period Decreased G&A expenses by $188k or 8% from prior year period “In […]
Flora Growth Corp. Announces an Exclusive Worldwide Partnership with Legendary Superstar Hulk Hogan
Fort Lauderdale, Florida–(Newsfile Corp. – August 1, 2023) – Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a consumer-packaged goods leader serving all 50 states and 13 countries with 15,000+ points of distribution around the world and a pharmaceutical distributor in 28 countries, is proud to announce that it has entered an exclusive worldwide […]
Endexx Corporation Announces Uplisting to OTCQB Venture Market
CAVE CREEK, AZ, July 31, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — Endexx® Corporation (OTCQB: EDXC), a provider of innovative plant-based wellness and nutritional products, announced today that it has successfully uplisted from the OTC® Pink Market to the OTCQB® Venture Market (“OTCQB”). The uplisting was processed and approved by OTC Markets Group Inc., and the Company […]
Irwin Naturals Unleashes Trio of Cannabis Tinctures in Golden State
LOS ANGELES, July 28, 2023 (GLOBE NEWSWIRE) — Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) (FRA: 97X) (“Irwin” or the “Company”) a leading innovator in natural health products, is catapulting into the California cannabis market with its line of Power to Sleep, Get Lit, and Balance tinctures through a licensing and supply agreement with The Hive Laboratory, LLC […]
First shipment of D*gg lbs (pronounced “dog pounds”) from the Company’s EU GMP facility in Chatham, Ontario has arrived in Israel Two new SKUs of D*gg lbs are now available for retailers to purchase through Ontario Cannabis Stores (“OCS”) Up to six additional SKUs are expected to follow in August for retailers to purchase D*gg lbs through the OCS CHATHAM, ONTARIO and TEL-AVIV, ISRAEL, July 26, 2023 (GLOBE NEWSWIRE) — Atlas Global Brands Inc. (“Atlas […]
Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a consumer-packaged goods leader serving all 50 states with 15,000+ points of distribution around the world and a pharmaceutical distributor in 28 countries, today provided an update with respect to the purchase and sale agreement for the sale of its Colombian related subsidiaries and assets to […]
SNDL and Nova Cannabis Extend Outside Date for Closing of the Strategic Partnership
SNDL Inc. (NASDAQ: SNDL) (“SNDL”) and Nova Cannabis Inc. (TSX: NOVC) (“Nova”) announced today that while all other provincial approvals have been received, the continued review by one provincial regulator has necessitated a further extension of the outside date for the closing of the previously-announced strategic partnership (the “Transaction”). SNDL and Nova anticipate that the […]
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Matt Hawkins is the founder and managing principal of Cresco Capital Partners, LLC (“Cresco”), a private equity firm focused specifically on investing in the legalized cannabis industry. Since its inception in the summer of 2015, Cresco has made 14 investments out of its first fund and is currently raising this fund, Fund II. Prior to the […]
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