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Software Effective Solutions “MEDCANA” (OTC: SFWJ) Provides Corporate Update for Shareholders
New Orleans, Louisiana –News Direct– Software Effective Solutions Corp. McapMediaWire — Software Effective Solutions, (OTC: SFWJ) (“The Company”, “SFWJ”) dba MedCana, is a global holding company focused on acquiring and developing companies in the cannabis industry with initial focus in Central and South America, announces today that MedCana has commenced the construction of infrastructure for its five […]
Unrivaled Brands Reports Fourth Quarter and Full Year 2022 Financial Results
Company Reports Net Income and Positive EBITDA in Q4 2022 SANTA ANA, Calif., April 10, 2023 (GLOBE NEWSWIRE) — Unrivaled Brands, Inc. (OTCQB: UNRV) (“Unrivaled” or the “Company”), a cannabis company with operations throughout California, today reported financial results for the fourth quarter and year ended December 31, 2022. Fourth Quarter 2022 Highlights Unrivaled […]
CBDW Signs Landmark Distribution Deal Intended on Doubling Revenue
The CBD industry could be worth more than $22 billion by 2030, according to Grand View Research, representing a blistering 16.8% compound annual growth rate. While many companies struggle to set themselves apart, one business recently made waves by partnering with one of the nation’s largest CBD distributors. 1606 Corp. (Ticker Symbol CBDW) signed a […]
Jushi Holdings Inc. Announces Closing of $20 Million Non-Dilutive Debt Financing
Capital infusion bolsters balance sheet for 2023 growth initiatives BOCA RATON, Fla., April 06, 2023 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, today announced the closing of a secured commercial loan (“the Loan”) with FVCbank (“Bank” and “Lender”), for gross proceeds of $20 million. […]
Ispire Technology Inc. Announces Closing of Initial Public Offering
LOS ANGELES, April 06, 2023 (GLOBE NEWSWIRE) — Ispire Technology Inc. (“Ispire” or “the Company”) (NASDAQ: ISPR), a leader for vapor technology, providing high-quality, innovative products with first-class performance, today announced the closing of its initial public offering of 2,700,000 shares of common stock at the initial public offering price of $7.00 per share. Gross […]
Relationship Set to Accelerate ADHC’s Brands into the $59 Billion CBD Market Del Mar, California–(Newsfile Corp. – April 5, 2023) – American Diversified Holdings Corporation (OTC Pink: ADHC) is pleased to announce today that the company, through it’s brands UNIVERSAL WELLNESS and Amazon vendor ROLLSCHOICE, has reached a comprehensive alliance with GGII’s leading group […]
Software Effective Solutions “MEDCANA” (OTC: SFWJ) Provides Corporate Update for Shareholders
New Orleans, Louisiana | April 05, 2023 – McapMediaWire — Software Effective Solutions (OTC: SFWJ) (“The Company”, “SFWJ”) dba MedCana is a global holding company focused on acquiring and developing companies in the cannabis industry with initial focus in Central and South America. In late 2021, Software Effective Solutions Corp. dba MedCana acquired five companies with licenses to produce, process, […]
Launches Turn-Key Contract Development and Manufacturing Plus Distribution (CDMO+D) Solution for Industry Leading Hemp/Cannabis Brands Highly Accretive Transformative Deal Utilizes Entire 22nd Century Value Chain, from Receptor Science to Category Management in Retail Distribution with Most Recognized Cannabis Brand in the World BUFFALO, N.Y., April 05, 2023 (GLOBE NEWSWIRE) — 22nd Century Group, […]
1606 Corp Announces Pivotal Distribution Deal With a Premier CBD Distributor
1606 Corp (OTC: CBDW), an acquisition-based CBD company, announces the company has formally entered into a product distribution agreement with one of the industry’s premier CBD distribution companies, Cool Blue Distribution (www.coolbluedist.com). Effective as of April 1st, 2023, the new distributor will represent the 1606 line of products under the brand of Brio Nutrition on a compensated […]
Rubicon Organics Reports Fourth Quarter and Full Year 2022 Financial Results
Achieved Adjusted EBITDA1 of $1.9 million for the year ended December 31, 2022 57% net revenue growth to $35.5 million in 2022 compared to 2021 Achieved operating cash flow of $2.0 million for the year ended December 31, 2022 6.3%2 national market share of premium flower and pre-rolls in 2022 VANCOUVER, British Columbia, April 03, 2023 […]
Christina Lake Cannabis Reports Fourth Quarter and Full Year Fiscal 2022 Results
Fiscal 2022 Highlights Revenue up 177% to $10.1M from $3.6M in Fiscal 2021 Gross margin of $4.1M or 41.1% before fair value adjustments. Decreased G&A expenses by $729k or 14% Increased total harvested dried biomass to 42,000 kg, from 38,000 kg in Fiscal 2021 VANCOUVER, British Columbia, April 03, 2023 (GLOBE NEWSWIRE) — Christina Lake […]
Doseology Announces CEO Transition
Kelowna, British Columbia, March 31, 2023 – Doseology Sciences Inc. (CSE: MOOD) (OTCQB: DOSEF) (FSE: VU7) (“Doseology” or the “Company”), a life sciences company focused on mental health and wellness, announces the resignation of Ralph Olson as Chief Executive Officer and Director of the Company. Pratik (Tiki) Patel has been appointed interim CEO. Mr. Patel is a Chartered Professional Accountant […]
Delta 9 Reports Year-end Financials for 2022
WINNIPEG, Manitoba, March 31, 2023 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) (“Delta 9” or the “Company”) is pleased to announce financial and operating results for the three-month and full year ending December 31, 2022. Financial Highlights for the Year Ending December 31, 2022 Net revenues of $63.2 million in […]
Flora Growth Reports 2022 Year-End Financial Results: $37.2M in Revenue, 314% Growth Year-Over-Year
Flora generated $37.2 million in revenue in FY2022, a 314% increase YoY Record Q4 2022 revenue increased to $11.5 million, a 7% sequential increase from Q3 2022 Gross profit for FY2022 increased by 494%, from $2.4 million to $14.4 million YoY Company reaffirms its 2023 revenue guidance to range between $90 million – $105 million […]
Silo Wellness Eliminates Another CAD$4,440,000 of Debt from Balance Sheet by Disposing of Subsidiary
Springfield, Oregon–(Newsfile Corp. – March 28, 2023) – Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A), announces that the Company has entered into a definitive Stock Purchase Agreement dated March 27 2023 (the “Agreement”) with a non-arm’s length entity owned by Silo board member Michael Hartman (“Buyer”) for the sale of Silo’s wholly-owned subsidiary SW Holdings, […]
Grown Rogue Reports First Quarter 2023 Results, Record Operating Cash Flow and Free Cash Flow
Revenue of $4.5M compared to $3.7M in Q1 2022, an increase of 21% Operating Cash Flow (OCF), before changes in working capital (WC), of $1.3M compared to $0.5M in Q1 2022, an increase of 176% Free Cash Flow1 (FCF) of $0.8M, after $0.4M spend on WC and capital expenditures Ended quarter with $3.5M of cash on hand, after $0.4M in debt repayment in the quarter Closed a $2.0M convertible debenture financing at 9% […]
This first-of-its-kind formulation is the latest in Wana’s cannabinoid-powered “Optimals” line. BOULDER, Colo. (March 28, 2023) – A staggering 40 million Americans suffer from anxiety, with only 37% pursuing treatment. Of the 42% of Americans who use cannabis for medicinal purposes, approximately 41% report using it to address anxiety. Now Wana Brands–a leading cannabis-infused products […]
Irwin Naturals Cannabis Products Launch Nationwide in Canada
Company announces products being available nationwide through Starseed Medicinal Medical Platform Irwin Naturals Cannabis 25mg CBD Softgel Irwin Naturals Cannabis 25mg CBD Softgel LOS ANGELES, March 24, 2023 (GLOBE NEWSWIRE) — Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) (FRA: 97X) (“Irwin” or the “Company”), is proud to announce the release of Irwin Naturals Cannabis’ new CBD 25mg […]
Springfield, Oregon–(Newsfile Corp. – March 24, 2023) – Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A), announces that it is partnering with Oregon-based Satya, Inc. to develop a robust ecosystem aimed at supporting the well-being of psilocybin patients and Oregonian entrepreneurs alike. At the heart of this partnership is Satya’s status as an Oregon-licensed psilocybin mushroom […]
Agrify Approaches Milestone Moment with Launch of Vertical Farming Units in Las Vegas
Las Vegas Facility Expected to be Ready to Grow in 132 of Agrify’s Units This April BILLERICA, Mass., March 23, 2023 (GLOBE NEWSWIRE) — Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced that construction is complete at the much-anticipated cultivation […]
Christina Lake Cannabis announces entry into South African Market
VANCOUVER, British Columbia, March 23, 2023 (GLOBE NEWSWIRE) — Christina Lake Cannabis Corp. (the “Company” or “CLC” or “Christina Lake Cannabis”) (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT: CLB) today announced that the Company has signed a Supply Agreement with MG BioTech Ventures (Pty) Limited, The Africann Group (“Africann”) www.africann.net to supply custom formulations of medicinal cannabis oils into […]
How One Company’s Roll-Up Strategy Could Unlock Value in Today’s CBD Market
The 2018 Farm Bill removed hemp from the definition of marijuana in the Controlled Substances Act, resulting in a massive uptake in hemp-derived CBD products. But the FDA’s lack of clear guidance kept many health and wellness giants out of the market. And as a result, a highly fragmented market emerged over the past few […]
Item 9 Labs Continues Dominating the Arizona Market With a 30% YOY Unit Sales Increase in February
Award-winning cannabis brand maintains consistent unit sales growth; Affirms continued success with Spring 2023 Errl Cup podium finish for Dosi Whoa flower PHOENIX, March 22, 2023–(BUSINESS WIRE)–Item 9 Labs—an award-winning, premium cannabis brand from Item 9 Labs Corp. (OTCQX: INLB)—clipped a 30% increase in unit sales for February 2023 compared to February 2022, while continuing to increase […]
REPEAT – Irwin Naturals Acquires Ketamine Media
Expanding Reach in Rapidly Growing Ketamine Therapy Market LOS ANGELES, March 22, 2023 (GLOBE NEWSWIRE) — Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) (FRA: 97X) (“Irwin” or the “Company”) is thrilled to announce the successful acquisition of Keta Media, LLC, dba Ketamine Media (“Ketamine Media”) as of March 17, 2023. Ketamine Media is the nation’s foremost advertising […]
Radient Announces Q3 2023 Financial Results
Edmonton, Alberta–(Newsfile Corp. – March 22, 2023) – Radient Technologies Inc. (TSXV: RTI) (“Radient” or the “Company”), a commercial manufacturer of diverse, novel, and high-quality cannabis extracts and packaged products, reports its financial results for the quarter ended December 31, 2022. Recent key highlights: Revenue for the quarter ended December 31, 2022 was $1,029,019, which compares […]
Hill Street Announces DTC Eligibility
Hill Street Beverage Company Inc. (TSXV: HILL) (OTCQB: HSEEF) (“Hill Street” or the “Company“), a progressive bioscience implementation company that utilizes new technologies to provide innovative cannabis solutions and non-alcoholic beverage products, confirms that its OTCQB-listed common shares under the symbol “HSEEF” are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC“) in […]
Pressure BioSciences Receives $1.5M Contract for UltraShear Nanoemulsified CBD
CBD Supply MD, a Leading Maryland-Based CBD Retailer, to Introduce PBIO’s UltraShear Processed, Best-in-Class Nanoemulsified CBD Products Across the Multi-State Mid-Atlantic Region SOUTH EASTON, MA / ACCESSWIRE / March 22, 2023 / Pressure BioSciences, Inc. (OTCQB:PBIO) (“PBI” or the “Company”), a global leader in the development and sale of broadly enabling, high-pressure-based products and services to […]
CALGARY, AB / ACCESSWIRE / March 21, 2023 / CannaPharmaRx, Inc. (OTC PINK:CPMD), a future leader in ultramodern, highly efficient cannabis production facilities announced today that it has finalized the purchase of LTB Management LLC (LTB), an e-commerce financial platform company utilized to support online sales for a variety of products. With the closing, the […]
Lifeist Closes Non-Brokered Private Placement of Secured Convertible Debentures
Provides Additional Capital to Fuel Expansion of Lifeist’s Cannabis and Nutraceuticals Businesses THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, March 16, 2023 (GLOBE NEWSWIRE) — Lifeist Wellness Inc. (“Lifeist” or the “Company”) […]
Item 9 Labs Corp. Secures Financing to Complete Acquisition of Sessions Cannabis in March 2023
Acquisition expected to establish Item 9 Labs Corp. as the largest cannabis franchisor in North America & among the top 10 cannabis retailers Sessions currently generates over CA$80 million in annual systemwide sales across more than 45 dispensaries in Ontario, with an Adjusted EBITDA* margin of approximately 65% PHOENIX, February 15, 2023–(BUSINESS WIRE)–Item 9 Labs […]
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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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