Shareholders Must Recast their Votes to be Counted MIAMI, June 4, 2021 /CNW/ – Cansortium Inc. (“Cansortium” or the “Company“) (CSE: TIUM.U), (OTCQB: CNTMF) wishes to announce that its annual general and special meeting of shareholders will be held at 10:00 a.m. (Toronto Time) on June 30, 2021 (the “Meeting“), having been postponed from the initial meeting date of June 16, 2021. […]
Q1 Revenue up 74% Y/Y to $58.4 Million Q1 Adjusted EBITDA of $20.0 million on an IFRS basis; $18.4 million on a US GAAP basis, up 136% Y/Y US GAAP Operating Loss of $8.4 Million Included Non-Cash and One-Time Expenses of $26.5 Million Closed on Acquisition of Liberty Health Sciences, Adding 42 Sited Retail Dispensaries, […]
Q1 2021 Systemwide Pro Forma Revenue of $31.4 million, an increase of 26% over Q4 2020 Q1 2021 Adjusted EBITDA of $5.9 million, representing an Adjusted EBITDA Margin of 19% Reiterated FY2021 guidance for Systemwide Pro Forma Revenue of $170-180 million and Adjusted EBITDA of $40-50 million The Company’s existing licensed projects at maturity represent a long-term revenue and […]
CHICAGO, May 24, 2021 (GLOBE NEWSWIRE) — Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the closing of three previously announced, accretive transactions for all of the issued and outstanding equity interests in TerraVida Holistic Centers, LLC (“TerraVida”), GVB Holding Group, LLC, The Healing Center, LLC, and […]
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 […]
Ascend Wellness Holdings (AWH) Inc surged about 22% in its Canadian stock market debut on Tuesday to fetch a market value of $1.6 billion, the latest pot producer to cash in on strong investor demand for U.S. marijuana companies. Shares of AWH, which harvests cannabis, makes finished products and operates retail stores, closed at $9.75 […]
DENVER, April 23, 2021 /CNW/ – BellRock Brands Inc. (“BellRock” or the “Company”) (CSE: BRCK.U), an industry-leading cannabis consumer packaged goods (“CPG”) multi-state operator (“MSO”), wishes to announce an update to its previously disclosed USD$30,000,000 equity financing with a strategic institutional investor (the “Equity Financing”). Under the amended terms, the Equity Financing is expected to be structured as an […]
The public markets have sometimes been good for cannabis companies, sometimes not so much. A look at trailing twelve month performance of two leading industry ETFs, an easy way to examine industry performance, indicates that now is one of the more favorable times. The AdvisorShares Pure US Cannabis ETF (NYSE Arca: MSOS) has climbed 7,000% […]
More than 80 percent of mergers and acquisitions fail to boost shareholder value, according to KPMG, often due to lofty valuations, incompatible cultures, excessive risk, or a combination of these factors. Of course, the cannabis industry has been no exception judging by the $835 million iAnthus/MPX merger and Cresco Labs’ acquisition of Origin House. Companies that manage to beat […]
Centene. Energy Transfer. Tech Data. Arrow Electronics. What do these companies have in common? They each generate over $40 billion a year in revenue and most people have never heard of any of them. Investors that have enjoyed triple-digit returns from all of them over the last decade probably don’t mind too much that the […]
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