Capital raising by cannabis companies is down 64% to $4 billion to date in 2022 as compared with 2021, Viridian Capital Advisors reported Wednesday. Total equity issuance has fallen 74.4% Read more
Tag: Cannabis
Medical cannabis maker Cantourage surges in Frankfurt debut
Medical cannabis maker Cantourage soared in its debut in Frankfurt on Friday. With the ticker symbol “HIGH,” shares of the Berlin-based company HIGH, +136.11% rose as high as €19.70 after Read more
Aurora Cannabis reports bigger loss than expected, but execs stick with profit target
Aurora Cannabis Inc. on Thursday reported a bigger quarterly loss and lower sales than expected, but the Canadian pot producer stuck with its target of hitting an adjusted measure of Read more
Trulieve issues cautious guidance ahead of key holiday season
Trulieve Cannabis Corp. posted a 34% increase in third-quarter revenue amid strength in its overall business, but the company expects 2022 sales to be toward the low end of the Read more
Wana Brands CEO makes seven-figure donation to fund cannabis research
Wana Brands founder and CEO Nancy Whiteman is stepping up her charitable activities with $3 million for cannabis and psychedelic medicine research at Johns Hopkins University — the largest donation Read more
Voters approve cannabis use for adults in one red state, one blue state
Industry pundits mostly praised the mixed results for cannabis votes in Tuesday’s midterm elections, as Maryland and Missouri became the 20th and 21st U.S. states to allow adults over 21 Read more
Maryland may become 20th state to OK cannabis for adults
Voters in Arkansas, Maryland, Missouri, North Dakota and South Dakota are weighing in on legal cannabis today, with measures on the ballot in each of those states. The state most Read more
Amid steep inflation, one thing is getting cheaper: cannabis
U.S. consumers continue to face the highest prices in decades for gasoline and other products, but if they’re in a state that allows sales of cannabis, at least they’re paying Read more
Amid steep inflation, one thing is getting cheaper: cannabis
U.S. consumers continue to face the highest prices in decades for gasoline and other products, but if they’re in a state that allows sales of cannabis, at least they’re paying Read more
Sean Combs seeks to boost minority representation in cannabis with $185 million deal
Cresco Labs Inc. and Columbia Care Inc. on Friday confirmed plans by rap music mogul Sean “Diddy” Combs to pay up to $185 million for licensed pot companies in New Read more