Organigram Provides Update on COVID-19 Corporate Action Plan and Timing for Q3 Results MONCTON, New Brunswick-July 03, 2020-(BUSINESS WIRE)–Organigram Holdings Inc. (“Organigram” or the “Company”) (TSX: OGI) (NASDAQ: OGI) provides a corporate update on recent developments of the Company in relation to the worldwide COVID-19 pandemic and the continuing evolution of the Canadian cannabis industry. […] READ MORE: https://www.newcannabisventures.com/organigram-reduces-staff-by-25/
MedMen Announces Lender and Landlord Support for Company Turnaround Reached agreement with senior lenders to defer cash interest Modified lease arrangements with Treehouse REIT to reduce near-term cash commitments LOS ANGELES-July 03, 2020-(BUSINESS WIRE)–MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF) today announced the execution of definitive agreements with certain lenders, including […] READ MORE: https://www.newcannabisventures.com/medmen-substantially-dilutes-shareholders-again-to-appease-creditors/
MONCTON, New Brunswick–(BUSINESS WIRE)—- $OGI–Organigram Holdings Inc. (“Organigram” or the “Company”) (TSX: OGI) (NASDAQ: OGI) provides a corporate update on recent developments of the Company in relation to the worldwide COVID-19 pandemic and the continuing evolution of the Canadian cannabis industry. Staffing Changes In an effort to better align its production capacity to prevailing market conditions, Organigram has reduced its…
There’s been some significant buyer’s remorse of late in the cannabis industry, with would-be acquirers backing out of deals or amending them. It’s not uncommon for such deals to change between the time they’re proposed and the day they close, but the frequency at which that’s happening in the cannabis industry is raising eyebrows among investors. On June 25, Canopy Growth (NYSE:…
A survey published by Brightfield Group has found that the majority of Canadians are unable to tell pot brands apart despite the resources that these companies have put into marketing. About 3,000 Canadians were polled during the first quarter of this year. The overwhelming finding of the survey was that brand awareness was woefully low among Canadians, and that they…
The company’s first-quarter results were mixed, with earnings growing and revenue declining. The company weathered the Covid-19 pandemic fairly well Continue reading… READ MORE: https://finance.yahoo.com/news/constellation-brands-making-best-bad-205244781.html?.tsrc=rss
— Expanded Facility Provides Additional Financial Resources and Flexibility as Pure Sunfarms Continues to Build on its Success to Date as a Leading Canadian Cannabis Producer and Brand – VANCOUVER, BC, July 1, 2020 /CNW/ – Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) (TSX: VFF) today announced its majority-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has further expanded its…
Aurora Cannabis Inc. (ACB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy). READ MORE: https://finance.yahoo.com/news/aurora-cannabis-inc-acb-upgraded-160004883.html?.tsrc=rss
Hemp emerging as a versatile, sustainable alternative that is easily grown with minimal water, without pesticides SING leveraging growth in hemp industry through 1606 Hemp, Klen subsidiaries 1606 Hemp achieved 133% increase in quarterly sales growth with expected $5.5 million in annual sales revenue per 1,000 active accounts With hemp making headlines for its versatility and sustainability in the production…
Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced that it closed out the month of June with continued sales momentum, posting its second-best week in Company history, with over $550,000 in sales of cannabis products (an annualized pace of better than $28 million). “It’s no surprise that we keep setting or closing in…
The hemp industry prides itself on being more sustainable, but behind that image there’s still waste and room for improvement. In theory, farming hemp should not be considered damaging to the earth at all. In fact, hemp can be regenerative to the soil on which it’s farmed. Yet due to the dramatic consumer demand that companies are rushing to meet,…
More and more countries decide to legalize cannabis and give entrepreneurs a chance to make money and keep the economy. In 2019, the marihuana stocks were supposed to prove their worth on Wall Street by generating steady profits. However, things didn’t go according to the plan. Many investors missed opportunities due to high tax rates and supply issues in the…