cultivation
Grown Rogue Reports Fiscal 2023 Results
Revenue of $23.4M compared to $17.8M in 2022, an increase of 32% Operating Cash Flow (OCF), before changes in working capital (WC), of $6.4M compared to $3.2M in 2022, an increase of 102% Free Cash Flow1 (FCF) of $2.8M, after maintenance and growth investments of $3.5M Announced a strategic advisory agreement with Goodness Growth Holdings to focus on improving quality, yields, and efficiencies in their Minnesota and Maryland operations Announced […]
Fawn River Cultivation Company and BioLumic Unleash a New Era of Cannabis Varieties in Michigan
New Light Treatments Add Value Through Specialized Gene Expression Constantine, MI | July 11, 2023 – Fawn River Cultivation Company and BioLumic announced today a new partnership to redefine cannabis cultivation in Michigan using BioLumic’s patented UV light technology, opening the door for new varieties to hit the consumer market by the end of 2023. “The BioLumic technology will […]
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% […]
Grown Rogue Increases Oregon Sungrown Capacity
MEDFORD, Ore., Feb. 21, 2023 /CNW/ – Grown Rogue International Inc. (“Grown Rogue” or the “Company”) (CSE: GRIN) (OTC: GRUSF), a craft cannabis company operating in Oregon and Michigan, has announced the expansion of their Oregon craft sungrown capacity with a lease option (“Lease Option”) on a 35 acre-property (“Property”) in Medford, Oregon. The Property has three tax lots that would allow, […]
Christina Lake Cannabis Reports Third Quarter Fiscal 2022 Results
Total sales grew 25% quarter over quarter, and 126% from Q3’21 Total revenue increased to $2.9M from $2.3M in Q2’22, and $1.3M in Q3’21 Gross margin before fair value adjustments of 48% General and administrative expenses decreased to 35% of revenue VANCOUVER, British Columbia, Nov. 02, 2022 (GLOBE NEWSWIRE) — (CSE: CLC) Christina Lake […]
VANCOUVER, British Columbia, Aug. 08, 2022 (GLOBE NEWSWIRE) — Optimi Health Corp. (CSE: OPTI) (OTCQX: OPTHF) (FRA: 8BN) (“Optimi” or the “Company”), a homegrown, Canadian company licensed by Health Canada to produce natural, scalable, and accessible psychedelic and functional mushrooms, as well as synthetic formulations for transformational human experiences, is pleased to announce that it has entered […]
Emerald Harvest Selects Hydrofarm as its New US Distributor for Professional Hydroponic Fertilizers
SANTA ROSA, Calif.—Aug 1, 2022—Award-winning fertilizer manufacturer Emerald Harvest has chosen industry veteran Hydrofarm to distribute its professional-grade hydroponic nutrients to retail stores within the United States. “I expect this will be a strong distribution partnership,” Emerald Harvest CEO Rob Higgins said. “We know Hydrofarm brings a lot of value to the industry, particularly through […]
NewLake Capital Partners Invests $50 Million Across Three Properties
NEW CANAAN, Conn., July 06, 2022 (GLOBE NEWSWIRE) — NewLake Capital Partners, Inc. (OTCQX: NLCP) (the “Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today is announcing $50 million of investments across three properties, marking the full commitment of capital raised during the Company’s initial public offering. NewLake acquired […]
Item 9 Labs Corp. Nears Completion of Cannabis Cultivation and Lab Facility in Pahrump, Nevada
20,000 Square-Foot, State-of-the-Art Facility Anticipated To Be Fully Operational by End of 2022 PHOENIX , June 23, 2022 /PRNewswire/ — Item 9 Labs Corp. (OTCQX: INLB) (the “Company”)—a vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products—is pleased to announce today that its new 20,000 square-foot, state-of-the-art cultivation and lab facility in Pahrump, N.V. […]
Planet 13 Nevada Cultivation Expansion Fuels SuperStore In-House Product Growth
LAS VEGAS, NV / ACCESSWIRE / April 14, 2022 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNHF) (“Planet 13” or the “Company“),a leading vertically-integrated multi-state cannabis company, announced the start of expansion of its Nevada cultivation facility adding 22,000 square feet of cultivation space to fuel in-house product growth. “We’ve seen incredible consumer support for our brands like […]
Optimi Health Receives Dealers License Inspection and Introduces Quality Assurance Department
VANCOUVER, British Columbia, Dec. 21, 2021 (GLOBE NEWSWIRE) — Optimi Health Corp. (CSE: OPTI) (OTCQB: OPTHF) (FRA: 8BN) (“Optimi” or the “Company”), developers of a vertically integrated mushroom brand targeting functional as well as novel psychedelic compounds focused on the health and wellness sector, is pleased to announce a facility inspection under the auspices of Health Canada […]
Expected to add significant accretion to 2022 EBITDA and beyond More than doubles 4Front’s total flower canopy in important limited-license state of Massachusetts Fully operational 55,000 sq. ft. cultivation facility adds scale and depth in the State Cash consideration fully financed following closing of US$15 million convertible note offering led by Navy Capital Closing is […]
Combination Creates the Most Expansive, Fully Integrated Cannabis Business in the World’s Largest Cannabis Market Long-term Cultivation Expansion to 6 Million ft2 of State-of-the-Art Greenhouse Represents by Far the Largest Capacity of Any Cannabis Operator in California Retail Footprint Expected to Reach 21 Operational Dispensaries by Q1 2022, More Than Double the Next Largest Retail Operator […]
Europe: The Cannabis Industry’s Next Emerging Market
The global cannabis industry is projected to reach $66.3 billion by 2025, according to Grand View Research, representing a 23.9 percent compound annual growth rate. While North America has become a market leader, European markets are quickly catching up with their own liberalized laws. The market for health and wellness products, such as cannabidiol (CBD) […]
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