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Organigram Reduces Staff by 25%

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 Substantially Dilutes Shareholders Again to Appease Creditors

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/

Organigram Provides Update on COVID-19 Corporate Action Plan and Timing for Q3 Results

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…

This Cannabis Stock Trend May Hold Clues to the Industry’s Future

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:…

Village Farms International Announces Completion of the Accordion Provision of the Pure Sunfarms’ Credit Facility

— 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…

SinglePoint Inc. (SING) Set to Capitalize on Burgeoning Sustainable Hemp Industry

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…

CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Closes June with Continued Sales Momentum, Posting Second-Best Week in Its History

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 Richest Cannabis Businesses in 2020

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…