growth


Lifeist’s CannMart Maintains Momentum with Cannabis Category Growth

August 24th, 2023 - Ryan Allway

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 […]

Greenlight Continues Nationwide Expansion, Issues Third Quarterly Dividend to Shareholders

August 21st, 2023 - Ryan Allway

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 […]

Sunderstorm Acquires Nevada’s Abide Brands

June 8th, 2023 - Ryan Allway

The company’s first-ever acquisition adds a new category to its Nevada portfolio, signaling a new phase of growth and expansion   LOS ANGELES, June 08, 2023 (GLOBE NEWSWIRE) — Sunderstorm, an award-winning company in the consumer cannabis space, has acquired Nevada-based Abide Brands, maker of Bounti Vapes. The acquisition allows Sunderstorm to add valuable team […]

Flora Growth Reports 2022 Year-End Financial Results: $37.2M in Revenue, 314% Growth Year-Over-Year

March 31st, 2023 - Ryan Allway

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 […]

Hill Street Announces Record Revenues and Gross Profit as Strong Growth Continues

March 1st, 2023 - Ryan Allway

Toronto, ON – TheNewswire – March 1, 2023 – Hill Street Beverage Company Inc. (TSXV:HILL) (OTC: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 globally, is pleased to announce the following updates from the three-month period ended December 31, 2022 (“Q2 FY 2023”) financial […]

Humble & Fume Inc. Announces Financial Results for Second Quarter Fiscal 2023

February 23rd, 2023 - Ryan Allway

New Leadership Team is Focused on Accelerating Growth and Margin Enhancement   Highlights include: A new leadership team has been introduced with a focus on the following: Q2 saw a decrease in operating expenses of $2 million or 30% year over year and $3.5 million or 27% for the six months year over year in the North American accessories […]

BioHarvest Sciences Announces a Private Placement of up to CAD $8M of Convertible Notes to Grow Core Business

February 21st, 2023 - Ryan Allway

Funds will also support the R&D program for potentially availing Active Pharmaceutical Ingredients (APIs) to the pharmaceutical industry with compositions based on its botanical synthesis technology 2 years 9% interest notes with conversion at a share price of no less than CAD $0.32 Vancouver, British Columbia, and Rehovot, Israel–(Newsfile Corp. – February 21, 2023) – BioHarvest […]

Global Hemp Industry Leader Experiences Dramatic Year-Over-Year Growth

February 1st, 2023 - Ryan Allway

MC Global Holdings, LLC Announces 2022 Financial Results   GOLDEN, Colo., Feb. 1, 2023 /PRNewswire/ — MC Global Holdings, LLC (“MCG”), a Texas and Colorado-based LLC is reporting a $26M increase in revenue in 2022, compared to approximately $13M in 2021. MCG is an industry leader in distribution of bulk hemp-derived cannabinoids, operating through MC Nutraceuticals, PLLC (“MCN)”, MC Vivimus, LLC (“Vivimu”), and MC […]

Cannabis market will grow by addressing consumer needs with premium products and innovative cannabinoid formulations

December 22nd, 2022 - Ryan Allway

In 2023, cannabis consumer taste will become more sophisticated as brands like Wana work to educate customers on the many potentials of the plant   Boulder, Colo. (December 22, 2022) – Wana Brands leadership predicts that the legal, regulated cannabis industry will expand its consumer base by investing in product innovation, including unique cannabinoid formulations […]

Leafbuyer Announces Continued Strong Sales with a 33% increase in Quarterly Revenue

November 15th, 2022 - Ryan Allway

Financial Highlights: Revenue rose to $1,128,665 from $851,693 in the current quarter, compared to a year ago Gross Profit increased to $476,145 from $221,157 in the same period Operating Expenses decreased from $809,639 to $635,136 Revenue Increased 33% while Selling Expenses decreased 30%, based on expanding margins Gross Profit Increased 115% year to year   […]

Simply Better Brands Corp.’s PureKana Brand, Growing 362% vs Year Ago, Completes Its Wholesale Distribution Expansion Into Four Large U.S. Markets

September 26th, 2022 - Ryan Allway

As PureKana broadens route to market, it expands the portfolio to innovate beyond CBD into a wellness brand addressing diverse consumer need states   VANCOUVER, British Columbia, Sept. 26, 2022 (GLOBE NEWSWIRE) — Simply Better Brands Corp. (“SBBC” or the “Company”) (TSX Venture: SBBC) (OTCQB: PKANF) is pleased to announce its PureKana wholesale distribution expansion into the […]

Vext Announces Continued Growth in Q1 2022

May 30th, 2022 - Ryan Allway

Revenue of $10.8 million, +16% sequentially Adjusted EBITDA of $3.9 million, + 15% sequentially Cash flow from operations of $3.1 million The Company will hold a conference call and webcast on Tuesday, May 31, 2022 at 8am ET to review its financial results.   VANCOUVER, BC, May 30, 2022 /CNW/ – Vext Science, Inc. (“VEXT” or the “Company”) (OTCQX: VEXTF) (CSE: VEXT) a cannabinoid brand leader […]

Khiron achieves United Kingdom Cannabis Sales Volume Growth of 240% in Q1 2022

May 10th, 2022 - Ryan Allway

In Q1 2022, Khiron expects to surpass 1 million CAD in medical cannabis revenues in the United Kingdom (“UK”) alone Total untapped potential for cannabis patients in the UK exceeds 1M patients Supported by its clinic in the UK opened in late 2021, Khiron has increased its sales volumes more than 240% in Q1 2022 compared to entire 2021 Khiron’s growing portfolio in […]

Decibel Announces Fourth Quarter Results with Strong Net Revenue Growth and Sixth Period of Consecutive Positive Adjusted EBITDA

April 22nd, 2022 - Ryan Allway

CALGARY, AB, April 22, 2022 /PRNewswire/ – Decibel Cannabis Company Inc. (the “Company” or “Decibel”) (TSXV: DB) (OTCQB: DBCCF), a premium cannabis producer, is pleased to announce its year-end audited financial results for the three and twelve month periods ending December 31, 2021.   Decibel Cannabis Company Inc. Logo (CNW Group/Decibel Cannabis Company Inc.) “Decibel continues to execute […]

Audacious Announces Close Of Financing Facility

February 14th, 2022 - Ryan Allway

Company Enters into Capital Commitment Agreement with LDA Capital for up to $10 Million, With an Option to Extend for an Additional $10 Million   LAS VEGAS, Feb. 14, 2022 /CNW/ – Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (“AUSA“, “AUDACIOUS” or the “Company“) is pleased to announce that further to its press release of December 9, 2021, the Company […]

Aleafia Health Reports Q4 2021 Financial Results with $11.5 Million Branded Cannabis Gross Revenue, representing a 103% Increase from 2020

February 14th, 2022 - Ryan Allway

• Transforming business towards a branded cannabis provider, with branded revenue representing 80% of total net revenue in 2021 compared to 33% in 2020 • 96% increase in branded cannabis net revenue to $28.7 million in 2021 from $14.6 million in 2020 • 396% increase in adult-use net revenue to $16.0 million in 2021 from […]

Charlotte’s Web Reorganizes for Agility, Growth, and Cash Generation

January 12th, 2022 - Ryan Allway

DENVER, Jan. 12, 2022 /PRNewswire/ – (TSX: CWEB) (OTCQX: CWBHF) Charlotte’s Web Holdings, Inc. (“Charlotte’s Web,” “CW” or the “Company”), the market leader and manufacturer of The World’s Most Trusted Hemp Extract™, has completed a reorganization to drive agility and growth as the Company prepares to launch new products, channels and markets, with intent to return to […]

Cellular Goods appoints consumer goods veteran Anna Chokina as CEO

December 6th, 2021 - Ryan Allway

Cellular Goods is a UK-based provider of premium consumer products based on lab-made cannabinoids The Board of Cellular Goods plc is pleased to announce the appointment of Anna Chokina as Chief Executive Officer and Director to drive the Company’s next stage of growth following the launch of its inaugural product range on 1 December 2021. Anna […]

Jacksam Corporation dba Convectium Continues Strong Growth Trajectory And Announces Fiscal 2021 Third Quarter Results Highlighted By 165% Y/Y Growth And Operating Profitability

November 12th, 2021 - Ryan Allway

NEWPORT BEACH, Calif., Nov. 12, 2021 /PRNewswire/ — Jacksam Corporation dba Convectium (OTCQB: JKSM) (the “Company” or Jacksam/Convectium), a workflow automation company focused on developing machinery and equipment solutions for the cannabis and CBD industry, today announced its financial and operational results for the third quarter of fiscal 2021 ended September 30, 2021.   Third Quarter 2021 Highlights: […]

Bhang Retains Lyfe Productives

October 28th, 2021 - Ryan Allway

The global brand is working with LP to grow its consumer-focused product offerings.   Las Vegas, Nevada–(Newsfile Corp. – October 28, 2021) – Bhang Inc. (CSE: BHNG) (OTCQB: BHNGF) (“Bhang” or the “Company“), a global cannabis CPG brand company with an award-winning portfolio of products, has teamed up with California-based Lyfe Productives (“LP“) as part of the […]

Item 9 Labs Achieves Profitability for Second Quarter Fiscal Year 2021, Marking 6 Consecutive Quarters of Revenue Growth

May 18th, 2021 - Ryan Allway

PHOENIX, May 18, 2021 /PRNewswire/ — Item 9 Labs Corp. (OTCQX: INLB) (“Item 9 Labs” or the “Company”), a vertically integrated cannabis dispensary franchisor and operator that produces premium products, today reported operating and financial results for the three months ended March 31, 2021, the Company’s second quarter for fiscal year 2021 (“Q2 FY2021”). The Company will be hosting an earnings […]

Village Farms International Reports First Quarter 2021 Financial Results: Pure Sunfarms Achieves Third Consecutive Quarter of Sequential Growth in Retail Branded Sales of 20% or Greater

May 10th, 2021 - Ryan Allway

– Pure Sunfarms Continues its Record of Positive Adjusted EBITDA in Each of the Ten Quarters Since Commencing Sales – Pure Sunfarms Once Again the Top Selling Dried Flower Brand with OCS for First Quarter –   VANCOUVER, BC, May 10, 2021 /PRNewswire/ – Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) (TSX: VFF) today announced […]

Trulieve Announces the Largest US Cannabis Transaction; Acquisition of Harvest Health & Recreation Inc., Creates the Most Profitable Multi-State Operator in the World’s Largest Cannabis Market

May 10th, 2021 - Ryan Allway

Combined Company Will Maintain Industry Leading Scale in Retail, Cultivation & Production Footprint Provides National Scale with a Deep Regional Focus in Attractive Markets Expanded Runway for Growth with new Southwest Hub and Expanded Northeast and Southeast Hubs Combined Consensus 2021E Revenue of $1.2 Billion Trulieve and Harvest to Host a Joint Conference Call and Webcast […]

Cansortium Announces Second Closing of Private Placement to Complete $17.1 Million Equity Financing

April 9th, 2021 - Ryan Allway

MIAMI, April 9, 2021 /PRNewswire/ – Cansortium Inc. (“Cansortium” or the “Company”) (CSE: TIUM.U), (OTCQB: CNTMF), today announced the second and final closing of its previously announced private placement of units (“Units“) at a purchase price of US$0.70 per Unit (the “Private Placement”). The second closing was approximately US$5.2 million, bringing the total Private Placement investment to US$17.1 million.  Each Unit consists of […]

SpeakEasy Reports Earnings for it’s First Quarter of Sales and Releases Quarter Two Financial Results

April 8th, 2021 - Ryan Allway

ROCK CREEK, BC, April 8, 2021 /CNW/ – SpeakEasy Cannabis Club Ltd. (CSE: EASY) (Frankfurt: 39H) (the “Company” or “SpeakEasy“) a holder of a federal licence to cultivate, process and sell cannabis under the Cannabis Act. is pleased to announce that it has reported initial sales and net earnings from the sale of its indoor grow operations and provides corporate update. The information […]

High Life Farms Launches Nuggies, a New Line of Bite-Sized Pretzel Cores with Infused Outer Shells, Adding to the Company’s Popular Line of Award-Winning Cannabis-Infused Sweets

April 7th, 2021 - Ryan Allway

Peanut Butter Chocolate-Covered Pretzels Are The First Of Many Upcoming Nuggies Flavors as HLF Continues To Expand Its Edibles Product Portfolio   CHESANING, Mich., April 7, 2021 /PRNewswire/ — High Life Farms (HLF), a privately held, multi-state, vertically integrated cannabis company with operations in Michigan and California, announced the launch of their newest line of chocolate snacks to hit the shelves: Nuggies. […]


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