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AYR Strategies Q4 Revenue Increases 1% Sequentially to $32.3 Million

Ayr Strategies Reports Record Fourth Quarter and Full Year 2019 Financial Results Ayr Reports Annualized 2019 Results In-Line with Ambitious Growth Expectations; Reiterates Strong 2020 Outlook Record Quarterly Revenue of $32.3 Million and Adjusted EBITDA¹ of $9.2 Million Generated $3.9 Million Cash Flow from Operations in Q4 Nevada Retail Stores Average MSO-Leading $17 Million in […] READ MORE: https://www.newcannabisventures.com/ayr-strategies-q4-revenue-increases-1-sequentially-to-32-3-million/

MedMen Revenue Grows 11% Sequentially in Q2 as Operating Loss Expands

MedMen Reports Second Quarter Fiscal 2020 Financial Results – Designated News Release Second quarter revenue of $44.1 million (excluding Arizona), up 50% year over year and 11% sequentially Opened five new retail locations during the quarter, including four in Florida and one in Illinois Corporate SG&A decreased by 11% sequentially and 30% from the prior […] READ MORE: https://www.newcannabisventures.com/medmen-revenue-grows-11-sequentially-in-q2-as-operating-loss-expands/

MedMen Reports Second Quarter Fiscal 2020 Financial Results – Designated News Release

LOS ANGELES–(BUSINESS WIRE)–MedMen Reports Second Quarter Fiscal 2020 Financial Results – Designated News Release READ MORE: http://www.businesswire.com/news/home/20200226005880/en/MedMen-Reports-Quarter-Fiscal-2020-Financial-Results/?feedref=JjAwJuNHiystnCoBq_hl-W8j9Oi60kFTomUxRDB8jhB7TDOU5CqE9t5WwBA1inzlrCOi9QzgjCezTS3Nw_X6kJUrpSBm-Hav1w-UkdSlG3kCXJZE-1b1nXn968wYfofVIbE9ZC1pD3bt6lQgRU5j6g==

Millennials Are Fueling The Cannabis Economy

Among other things, millennials communicate and learn quickly, which makes them more flexible and prone to changes than older generations. Marijuana consumption is still a taboo, but it seems like the millennial generation is working hard to change this fact. They are the pioneers of recreational weed usage and the major reason why nine states decided to legalize marijuana since 2012. Contrary to baby…

Utah Medical Cannabis Program Set to Launch Next Week

Effective March 1, Utah will officially launch its medical cannabis program when the state’s Department of Health begins accepting applications for medical cannabis patient cards. The following day, March 2, Dragonfly Wellness, the state’s first medical cannabis pharmacy, is slated to open, with others soon to follow, In this review, we take a look at […] READ MORE: https://www.newcannabisventures.com/utah-medical-cannabis-program-set-to-launch-next-week/

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) Signs Landmark Sales Agreement with Leading Cannabis Distributor

SPRWF partners with humble+fume to offer complete cannabis solution to cannabis retailers Agreement achieves coast-to-coast coverage with 14 sales professionals managing relationships at a store level Supreme Cannabis accelerate revenue generation with plan to introduce new consumer-facing brands at all key price points Across Canada, a growing number of retail stores are opening as more and more cannabis consumers are…

CannabisNewsBreaks – Choom(TM) Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Announces Opening of Next Licensed Cannabis Retail Store in Calgary, Alberta

Choom(TM) (CSE: CHOO) (OTCQB: CHOOF), one of Canada’s leading recreational cannabis retailers, on Tuesday announced the opening of its next licensed cannabis retail store in Calgary, AB. The store, opening in the bedroom community of Shawcliffe, is Choom’s first retail store to open in Calgary, as well as its 14th store in Alberta and 15th location in Canada. “We are…

Canada’s Marijuana Sales Topped $110 Million in a Month for the First Time

One year ago, marijuana stocks were about the hottest investment on Wall Street. Today, they’re considered an investment that some wouldn’t touch with a 10-foot pole. The expectation had long been that Canadian pot sales would skyrocket as soon adult-use weed received the green light in licensed dispensaries. Unfortunately, things didn’t go as planned, with persistent supply issues keeping product…

Opening a legal cannabis storefront looks different today than it did a year ago

The velvet rope was in place, red carpet rolled out and balloons were even blowing in the wind along with banners announcing the opening of Tokyo Smoke’s latest storefront Monday. But unlike the province’s first legal cannabis outlet openings nearly a year ago, which were met with crowds of customers lineup up out the door, the response to Stoney Creek’s first shop…