Banking & Finance

Net revenue increased 240% year-over-year to approximately $35 million, setting a new company record for quarterly revenue; Company raises full year fiscal 2019 net revenue guidance up to $140 million to $150 million GARDEN GROVE, Calif., April 11, 2019 – KushCo Holdings, Inc. (OTCQB: KSHB) reported financial results for its second fiscal quarter of 2019, for the period ended February…

SUNNIVA ANNOUNCES CLOSING OF SECOND TRANCHE OF CONVERTIBLE DEBT FINANCING

VANCOUVER, BC – March 4, 2019 – Sunniva Inc. (CSE:SNN) (OTCQB:SNNVF), a North American provider of cannabis products and services, is pleased to announce that it has closed the second tranche of the Company’s non-brokered offering of convertible debentures for an additional CAD $3,288,125 million, bringing total gross proceeds raised by the Financing to CAD $18,330,180 million. As previously disclosed, this Financing provides additional…

Aurora Completes Whistler Medical Acquisition

EDMONTON, March 4, 2019 – Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB) (Frankfurt: 21P; WKN: A1C4WM) announced today that the Company has completed the acquisition of all the issued and outstanding shares of privately held Whistler Medical Marijuana Corporation, in an all-share transaction, pursuant to the terms of an amalgamation agreement dated January 31, 2019 among Whistler, Aurora, and a wholly owned subsidiary of Aurora. Located…

MedMen Reports Second Quarter Fiscal Year 2019 Financial Results

Increased revenue sequentially by 39% to $29.9 million. Continued to perform favorably in California with eight retail locations reporting a combined $23.7 million in revenue, representing a 28% quarter-over-quarter increase. Increased overall gross profit margin to 53%, compared to 45% in the previous quarter. Appointed key personnel to the management team, including Michael Kramer as CFO. During the quarter, closed…

Sunniva Announces Completion of $15 Million Convertible Debenture Financing

VANCOUVER, BC – February 13, 2019 – Sunniva Inc. (CSE:SNN) (OTCQB:SNNVF), a North American provider of cannabis products and services, is pleased to announce the completion of the previously announced non-brokered offering (the “Financing”) of convertible debentures (“Convertible Debentures”). The originally announced $10 million Financing was over-subscribed with gross proceeds received of CAD $15,042,055. This Financing provides additional working capital…

KUSHCO HOLDINGS REPORTS FISCAL YEAR 2018 RESULTS

GARDEN GROVE, Calif., November 26, 2018 – KushCo Holdings, Inc. (OTCQB: KSHB) (“KushCo” or the “Company”), the parent company of innovative industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative, and Koleto Packaging Solutions, which provide a range of services and products for a variety of industries including the regulated cannabis and CBD industries, today reported financial…

Cannabis firms spent millions marketing their pot last quarter – did it work?

By David George-Cosh, BNN Bloomberg Cannabis producers that reported earnings this week may not have shown strong recreational cannabis sales in the lead-up to legalization during the last quarter, but they sure spent millions of dollars trying. Sales and marketing costs soared for all five major publicly-traded pot producers in the last quarter, collectively tripling the amount of money spent informing…

Trump ousts Jeff Sessions as attorney general

By Jeff Smith, Marijuana Business Daily   U.S Attorney General Jeff Sessions, who less than a year ago stunned the marijuana industry by ripping up Obama-era protections for state-legal MJ businesses, has been forced out by President Trump. The development could ease industry concerns that the Department of Justice will unleash a crackdown on state-legal marijuana businesses – though much will…

Is the cannabis industry armed against privacy breaches?

Paul Saabas, Vice President, Shred-it   Cannabis licensed producers (LPs) in Canada are currently facing a unique economic opportunity. As the first G7 country to legalize adult-use cannabis, industry players in this market are moving at a rapid pace. Amidst seemingly boundless opportunities, media excitement and landmark legal decisions, the question remains: are cannabis LPs doing everything to ensure that…

Aurora Cannabis Receives Lenders’ Consent for Proposed Acquisition of ICC

Milestone towards Completing Transaction to Establish Leadership in South American Market EDMONTON, Alberta and VANCOUVER, British Columbia, Nov. 01, 2018 (GLOBE NEWSWIRE) — Aurora Cannabis Inc. (Aurora) (ACB) (ACB) (Frankfurt: 21P; WKN: A1C4WM) and ICC Labs Inc. (ICC) (ICC.V) are pleased to announce that Aurora has received, from its consortium of lenders led by Bank of Montreal (collectively, the Lenders), consent…

How Trump’s trade battles are affecting the marijuana industry

 By Bart Schaneman, Marijuana Business Daily The Trump administration’s imposition of tariffs on China is expected to have a direct impact on several sectors of the marijuana industry – in particular, cannabis vaporizer companies. Others likely to be affected include: Cultivation operations that want to expand their greenhouse facilities. Growers that need to buy lighting equipment. Brands that purchase packaging from…