MSO
Aurora Innovations Brings Valuable Manufacturing Presence on the West Coast in Oregon, on the East Coast in New York State, and in Western Canada FAIRLESS HILLS, Pa., June 17, 2021 (GLOBE NEWSWIRE) — Hydrofarm Holdings Group, Inc. (“Hydrofarm”) (Nasdaq: HYFM), a leading independent distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture (“CEA”), […]
Jim Cacioppo, the CEO, Chairman and Founder of Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS: JUSHF), a vertically integrated, multi-state cannabis operator, provides a detailed operational update on the Company’s recent activities and progress, along with an overview of Jushi’s First Quarter 2021 Financial Results. Fourth Quarter 2020 Revenue Increases 29.6% to $32.3 million as compared to the Third […]
HERBL, California’s largest cannabis supply chain solutions company, today announced its acquisition of Blackbird, a premier cannabis distributor and direct-to-consumer software solutions company based in Nevada. The transaction allows HERBL to leverage Blackbird’s ecosystem of national retail and logistics insights to enter the Nevada market and create the most comprehensive supply chain platform in the industry. The acquisition positions […]
MINNEAPOLIS , June 8, 2021 /PRNewswire/ — Vireo Health International, Inc. (“Vireo” or the “Company”) (CSE: VREO; OTCQX: VREOF), the leading physician-led, science-focused multi-state cannabis company, today announced a series of corporate updates in conjunction with its 2021 Investor Day events. In addition to unveiling its Horizon Strategy and outlook ranges for FY22 revenue and adjusted EBITDA performance, the […]
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. […]
Ayr Wellness Reports First Quarter 2021 Results
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, […]
4Front Ventures Reports First Quarter 2021 Financial Results and Provides Business Update
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 […]
Verano Announces Closing of Three Pennsylvania Transactions
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 […]
Cannabis producer Ascend Wellness jumps 22% in Canadian market debut
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 […]
Cannabis CPG MSO BellRock Brands Provides Further Update on Previously Announced Equity Financing
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 […]
Going Public Soon: Next Major Step for Gage Growth Corp.
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% […]
Red White & Bloom: Scaling Up through Smart Acquisitions
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 […]
Strength in Numbers: The Name You Don’t Know in Cannabis, But Should…GreenStar Biosciences
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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Rob is the co-founding President of Pelorus Equity Group and has more than 18 years of experience in the real estate finance industry. Since the formation of Pelorus in 2010, he has raised more than $175,000,000 in secured real estate transactions. Rob’s primary role at Pelorus Equity Group is the development of strategic alliances with […]
Watch CFN Media’s exclusive three part interview with Paul Rosen, one of the most active and diversified investors in the emerging cannabis industry. Paul gives his insights on the global cannabis industry and discusses his new endeavors. Become a CFN Media Client Paul Rosen is a noted career entrepreneur and management consultant. Over the last […]
BDS Analytics aims to drive the cannabis sector to thrive with well-informed decisions based on factual data. By capturing millions of transactions from dispensary point-of-sale systems we provide actionable insights based on accurate information enabling dispensaries, brands, and growers to sustain their success. Their vision is to be your indispensable source for cannabis industry data […]
Westleaf is a private vertically integrated cannabis company focused on innovative retail experiences, engaging cannabis brands and premium cannabis production.
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