Ayr Strategies Reports Third Quarter 2020 Results & Updates Investors on 2021 Expansion Initiatives Q3 Revenue up 61% Q/Q to $45.5 Million; Adjusted EBITDA More Than Doubles to $19.3 Million Annual Revenue & Adjusted EBITDA Run-Rate of $182 Million and $77 Million, Respectively Generated Over $13 Million in Cash from Operations in Q3; Cash Balance […] READ MORE: https://www.newcannabisventures.com/ayr-strategies-q3-revenue-increases-61-sequentially-to-45-5-million/
Statistics Canada released August retail sales for the country this morning, with sequential growth slowing from last month’s 15% gain, as overall cannabis sales grew 6% sequentially to C$244.9 million, up 94% from a year ago. The report detailed how Ontario, which grew 11% to C$66.9 million, drove the sales, as other major provinces increased 2-5%: August’s […] READ MORE: https://www.newcannabisventures.com/ontario-drives-canadian-cannabis-sales-6-higher-in-august-to-245-million/
Trulieve Announces Underwritten Offering of Subordinate Voting Shares TALLAHASSEE, Fla., Sept. 16, 2020 /CNW/ – Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States, today announced that it has entered into an agreement with Canaccord Genuity Corp. (the “Underwriter”), pursuant to which the […] READ MORE: https://www.newcannabisventures.com/trulieve-raises-c100-45-million-selling-shares-at-c24-50/
The Valens Company Reports Financial Results for the Second Quarter of Fiscal 2020 KELOWNA, BC, July 15, 2020 /PRNewswire/ – The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the “Company” or “The Valens Company”), a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, is pleased to report its second quarter financial […] READ MORE: https://www.newcannabisventures.com/valens-q2-revenue-drops-45-sequentially-to-17-6-million/
MedMen Reports Third Quarter Fiscal 2020 Financial Results – Designated News Release Third quarter revenue of $45.9 million, up 41% year over year Corporate SG&A decreased by 35% sequentially and 51% from the prior year period Strengthened balance sheet through combination of equity, debt and sale of non-core assets Achieved first month of positive after-tax […] READ MORE: https://www.newcannabisventures.com/medmen-revenue-increases-4-sequentially-in-q3-to-45-9-million/
Harvest Health & Recreation Inc. Reports First Quarter 2020 Financial Results First quarter revenue was $45.0 million, up 134% from the first quarter 2019 and 19% sequentially Cost cutting measures expected to save $24 million annually PHOENIX, May 20, 2020 /PRNewswire/ — Harvest Health & Recreation Inc. (CSE: HARV, OTCQX: HRVSF), a vertically integrated cannabis […] READ MORE: https://www.newcannabisventures.com/harvest-health-generates-45-million-revenue-in-q1-and-projects-200-million-for-the-full-year/
Cronos Group Reports 2020 First Quarter Results Fermented target cannabinoid, CBGA, using cannabinoid strains at Cronos Fermentation R&D labs Successfully completed first dried flower shipment to Israel, as Cronos Israel moves closer to entering the medical cannabis market with PEACE NATURALS™ branded products Natuera completes key operational milestones and begins test exports to the U.S. […] READ MORE: https://www.newcannabisventures.com/cronos-group-underwhelms-again-with-just-8-4-million-revenue-and-a-45-1-million-operating-loss-in-q1/
Shares in Canadian cannabis stock Canopy Growth (CGC) surged 12% in Friday’s after-hours trading on the news that Constellation Brands (STZ) exercised almost 19 million warrants to purchase CGC shares.The warrants, which were originally issued on November 2, 2017, were exercised at an exercise price of C$13 per common share for an aggregate of approximately C$245 million. Upon issuance, the…
Constellation Brands Exercises Warrants to Acquire Shares in Canopy Growth, Reinforcing Confidence in Canopy Growth’s Ability to Win Long-Term in Emerging Cannabis Industry VICTOR, NY and SMITHS FALLS, ON, May 1, 2020 /PRNewswire/ – Constellation Brands, Inc. (“Constellation Brands”) (NYSE: STZ) and (NYSE: STZ.B), a leading beverage alcohol company, and Canopy Growth Corporation (“Canopy Growth”) […] READ MORE: https://www.newcannabisventures.com/constellation-brands-injects-c245-million-into-canopy-growth-by-exercising-expiring-warrants/
Retailers are wasting no time in trying to get a piece of Ontario’s pot pie. The province received a whopping estimated 450 Retail Store Authorization (RSA) submissions on March 2, the first day Ontario began accepting the applications, Marijuana Business Daily reports. After two highly-contested and much-criticized lotteries, Ontario is embracing an open-market system of store allocation. The AGCO is…
EDMONTON, Jan. 13, 2020 /CNW/ – Fire & Flower Holdings Corp. (“FFHC”) (TSX: FAF) and its wholly-owned subsidiary Fire & Flower Inc. (collectively with FFHC, “Fire & Flower” or the “Company”), today announced that it has achieved the milestone of 45 open and operating cannabis retail stores. Fire & Flower Cannabis Retail Stores (C) 2020 Fire & Flower Holdings Corp. (CNW…
Akerna Announces Acquisition of Ample Organics Transaction Solidifies Akerna as a Global Technology Leader Serving Enterprise Clients DENVER and TORONTO, Dec. 18, 2019 (GLOBE NEWSWIRE) — Akerna Corp. (Nasdaq: KERN), a leading cannabis compliance technology provider, and developer of the industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), has entered into a […] READ MORE: https://www.newcannabisventures.com/akerna-to-acquire-canadian-cannabis-software-provider-ample-organics-for-up-to-45-million/