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Gage Cannabis Co. Rapidly Expands Retail Footprint as Michigan Celebrates Legalized Recreational Marijuana’s One Year Anniversary

December 1, 2020 marked one-year anniversary since recreational marijuana use was approved for sale in Michigan Retailers have sold approximately $450 million worth of recreational marijuana products over the last year, with sales averaging $13 million per week in recent months Gage Cannabis has leveraged upon rising growth rate through rapid store expansion, which will see its store footprint grow…

3 Tips For Adding Marijuana Stocks To Your Portfolio

Put in the work, be disciplined, and consider getting a little exposure in this area to balance out a well-diversified portfolio. Whether or not you’re personally interested in the use or application of cannabis, there’s no doubt that this market is prepared to boom in the coming years. Strategically adding some stocks to your portfolio could generate healthy returns. Marijuana…

Four cannabis executives listed in annual report of Canada’s top-paid CEOs

The latest report from the Canadian Centre for Policy Alternatives (CCPA), titled The Golden Cushion, lists Canada’s top-paid CEOs in 2019. On average, the top-100 CEOs made 202 times what the average Canadian worker earned. According to the report, the top-earning cannabis CEO in 2019 was Aphria’s Irwin D. Simon, who received more than $18 million in total compensation. Simon was…

2 Top Canadian Marijuana Stocks To Watch Right Now

A January Rally For Top Marijuana Stocks As January continues top marijuana stocks to buy have been gaining momentum in the market. In most cases, the best cannabis stocks to watch have seen double-digit percentage gains in the first couple of weeks of trading. In essence, this is garnering attention from more investors and increasing the notoriety the cannabis market is receiving…

Cresco Labs Sells $125 Million of Stock to 7 Institutional Investors

Cresco Labs Announces Pricing of Offering of Subordinate Voting Shares CHICAGO, January 15, 2021–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today the pricing of its previously announced best efforts overnight marketed offering (the “Offering”) of subordinate voting shares (the […] READ MORE: https://www.newcannabisventures.com/cresco-labs-sells-125-million-stock-to-7-institutional-investors/

Subversive Capital SPAC Closes Acquisitions to Become The Parent Company

Subversive Capital Acquisition Corp. Closes The Largest Cannabis SPAC In History And Announces The Launch Of The Parent Company With Shawn “JAY-Z” Carter, Roc Nation, Caliva, And Left Coast Ventures The Parent Company, Formerly Subversive Capital Acquisition Corp., has Completed its Qualifying Transaction and is Now the Largest Vertically Integrated Cannabis Operation in California Shawn […] READ MORE: https://www.newcannabisventures.com/subversive-capital-spac-closes-acquisitions-to-become-the-parent-company/

Hydrobuilder Holdings Raises $70 Million and Combines West Coast Hydroponics Chain with Online Retailer

Hydrobuilder Holdings Acquires Hydrobuilder.com and GreenCoast Hydroponics to Form a Leading Omni-channel Seller of Specialty Agriculture and Hydroponics Equipment and Supplies Secures over $70 million in financing from broad base of investors PALM BEACH, Fla.-January 15, 2021-(BUSINESS WIRE)–Hydrobuilder Holdings LLC (“Hydrobuilder Holdings”) today announced its formation through the acquisitions of Hydrobuilder.com, a leading online retailer […] READ MORE: https://www.newcannabisventures.com/hydrobuilder-holdings-raises-70-million-and-combines-west-coast-hydroponics-chain-with-online-retailer/

Michigan Cannabis Sales Surge in December to Reach $985 Million in 2020

After a weak November, cannabis sales increased sharply in Michigan during December, according to the Michigan Marijuana Regulatory Agency. The state breaks out medical and adult-use, which, combined, totaled $101 million, a sharp rebound from November but below the sales levels during the summer. For the full year, combined cannabis sales were $984.6 million, with […] READ MORE: https://www.newcannabisventures.com/michigan-cannabis-sales-surge-in-december-to-reach-985-million-in-2020/

Village Farms Raises $135 Million Selling Shares at $12.40

Village Farms International Announces US$135 Million Registered Direct Offering VANCOUVER, BC, Jan. 15, 2021 /PRNewswire/ – Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) (TSX: VFF), announced today that it has entered into definitive agreements with certain institutional investors for the purchase and sale of an aggregate of 10,887,097 common shares in a registered direct offering, […] READ MORE: https://www.newcannabisventures.com/village-farms-raises-135-million-selling-shares-at-12-40/

420 with CNW — Cannabis Companies Urge California Authorities to Prioritize Their Employees During COVID Vaccination

Close to a year after the coronavirus appeared in Wuhan, China, eventually wreaking untold havoc on the world at large, scientists have developed vaccines that can provide immunity against the virus. However, it won’t be until spring at the very least before the majority of the U.S. population is vaccinated to achieve herd immunity. People who are at greatest risk…

420 with CNW — Rhode Island Medical Cannabis License Applicants Await Lottery to See Who Will Run New Dispensaries

The state of Rhode Island plans to open up six new medical cannabis dispensaries, adding to the three dispensaries that already exist in Portsmouth, Warwick and Providence, which were launched in 2013 and 2014. In an effort to promote price competition and improve accessibility for patients, the new cannabis dispensaries will operate in six different locations around the state. The…

PacRoots Cannabis Corp (CSE: PACR) (OTCBQ: PACRF) Announces Results of Initial Hemp CBD Harvest

PacRoots Cannabis updated investors following first successful hemp harvest derived from joint venture with Rock Creek Farms Initial harvest yielded 105,000 lbs of biomass of exceptional quality; yield was sold in its entirety to Speakeasy Cannabis Club Harvest was particularly remarkable given that it was produced despite region’s poor prevailing weather conditions Global CBD oil, consumer health market poised to…