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  • Cannabis NB expects CA$10M profit; privatization update ‘in near future’
    New Brunswick’s cannabis retail monopoly Cannabis NB expects to end its fiscal year with a profit of over 10 million Canadian dollars ($7.7 million). “We are excited to have achieved an important milestone — 12 consecutive months of profitability,” Cannabis NB CEO Patrick Parent said in a statement posted on social media and shared with […]
  • Upcoming UN vote may be watershed moment for global medical cannabis – if only symbolic
    The medical cannabis industry could be in for one of its biggest symbolic wins in decades if a United Nations vote next week implicitly acknowledges the medical value of the drug. Upcoming UN vote may be watershed moment for global medical cannabis – if only symbolic is a post from: Marijuana Business Daily: Financial, Legal […]
  • Colombian cannabis producers raise fresh rounds of capital
    Some leading licensed cannabis producers in Colombia raised fresh rounds of capital recently. Khiron Life Sciences – a Toronto-based company with its main operations in Colombia – closed a bought deal for 14.5 million Canadian dollars ($11.5 million) that was disclosed Nov. 26. PharmaCielo, also headquartered in Toronto and operating primarily in Colombia, closed a […]
  • As consolidation hits Canadian cannabis retail, more mergers and acquisitions expected
    Consolidation is picking up among Canada’s regulated cannabis retailers as recreational marijuana sales continue their upward monthly trend, with industry insiders predicting more store mergers and acquisitions. The retail M&A trend appears to be driven by a market that’s growing more competitive and crowded in certain areas, large chains attempting to cement their competitive advantage […]
  • Marijuana Business Daily will resume publishing Monday
    Marijuana Business Daily is closed for the Thanksgiving holiday and will resume publishing Monday. Marijuana Business Daily will resume publishing Monday is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
  • Georgia taking applications to produce ‘low-THC’ marijuana oil
    Georgia regulators are taking applications to process and manufacture medical marijuana oil in the state's limited program. Georgia taking applications to produce ‘low-THC’ marijuana oil is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
  • Growing markets lift multistate cannabis operator earnings as many MSOs turn the corner
    Publicly traded multistate cannabis operators generally enjoyed robust third-quarter financial performances, bolstered by sizzling sales growth during the coronavirus pandemic and a focus on state markets that are growing. Growing markets lift multistate cannabis operator earnings as many MSOs turn the corner is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for […]
  • Cannabis SPAC acquires Caliva and Left Coast Ventures, hires Jay-Z
    New York-based Subversive Capital Acquisition Corp., a special-purpose acquisition company, said it has acquired two California cannabis companies and hired rapper and producer Shawn "Jay-Z" Carter in a role to foster social equity in the industry. Cannabis SPAC acquires Caliva and Left Coast Ventures, hires Jay-Z is a post from: Marijuana Business Daily: Financial, Legal […]
  • Marijuana firm Vireo files prospectus to issue up to $200 million in securities
    Minneapolis-based Vireo Health International said it has filed a preliminary prospectus in Canada to sell as much as 260 million Canadian dollars ($200 million) in securities if and when market opportunities permit. Such a shelf offering doesn’t mean a company will sell the securities, but it gives a business the option when market conditions are […]
  • Supply-demand imbalance grows for Canadian cannabis edibles
    Makers of edible cannabis products in Canada continue to stock more goods than they’re able to sell, the latest data from Canada’s cannabis regulator shows. In August, federal license holders, provincial distributors and retailers held almost 10 million packaged units of cannabis edibles in stock, including beverages. That compares with sales that month of roughly […]

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