Search: C 45

Ontario Drives Canadian Cannabis Sales 6% Higher in August to $245 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 Raises C$100.45 Million Selling Shares at C$24.50

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/

Valens Q2 Revenue Drops 45% Sequentially to $17.6 Million

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 Revenue Increases 4% Sequentially in Q3 to $45.9 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 Generates $45 Million Revenue in Q1 and Projects $200 Million for the Full Year

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 Underwhelms Again with Just $8.4 Million Revenue and a $45.1 Million Operating Loss in Q1

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/

Canopy Growth Surges 12% On C$245M Constellation Investment Boost

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 Injects C$245 Million Into Canopy Growth by Exercising Expiring Warrants

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/

What a success! Ontario received 450 pot shop applications on first day

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…

Fire & Flower Achieves Milestone of 45 Cannabis Retail Stores Ahead of Projections

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 to Acquire Canadian Cannabis Software Provider Ample Organics for Up to $45 Million

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/

Charlotte’s Web Announces 738 Vitamin Shoppe Locations Across 45 States Commence Selling New Gummy Line

BOULDER, CO, Sept. 24 2019 /PRNewswire/ – (CSE: CWEB;OTCQX: CWBHF) Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”), the market leader in whole-plant CBD hemp extract products is pleased to announce that The Vitamin Shoppe (NYSE: VSI), an omni-channel, specialty retailer of nutritional products, has commenced selling the new line of Charlotte’s Web CBD hemp extract-infused CBD gummies in 738 stores…