Tag: USA stocks

Curaleaf Reports Fourth Quarter and Full Year 2018 Financial and Operational Results

Reported Managed Revenue([1]) of $87.8 Million in Full Year 2018 and $34.9 Million in Fourth Quarter through Continued Expansion of Market-Leading Operational Footprint Demonstrated Managed Revenue Growth of 209% Year-over-Year and 43% Growth Quarter-over-Quarter Reached Total Revenue of $77.1 Million in Full Year 2018 and $32.0 Million in Fourth Quarter Reiterated Full Year 2019 Managed Revenue Guidance of $400 Million WAKEFIELD,…

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…

Beverage Trade Network Launches the First-ever Cannabis Drinks Expo

Beverage Trade Network organizes the first-ever event, focusing on cannabis-infused beverage industry, Cannabis Drinks Expo. The trade event is scheduled to be held on July 25, 2019 in San Francisco, USA. It will be the first event to tackle the issue head-on. Cannabis Drinks Expo will give the worldwide drinks industry, and North America in particular, the chance to come…

Aphria’s Board of Directors Rejects Green Growth Brand’s Hostile Takeover Bid

“Significantly Undervalued and Inadequate” Leamington, Ontario – February 06, 2019 – Aphria Inc.  (TSX: APHA and NYSE: APHA) today announced that its Board of Directors has rejected the hostile bid by Green Growth Brands Inc. (CSE:GGB) to acquire all of the outstanding common shares of the Company including any Common Shares that may become issued and outstanding after January 22, 2019, but prior to…

iAnthus and MPX Bioceutical Announce Closing of $1.6 Billion Business Combination

iAnthus’ Multistate Operations Expands to 11 States Forming Super-Regional Footprints NEW YORK and TORONTO, Feb. 5, 2019 /PRNewswire/ – iAnthus Capital Holdings, Inc. (CSE: IAN, OTCQX: ITHUF) and MPX Bioceutical Corporation (CSE: MPX; OTC: MPXEF) are pleased to announce the closing of the previously announced plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which iAnthus acquired…

Origin House Signs Exclusive Agreement with Viola Brands for California

Ottawa, Canada – January 28, 2019 – CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF) announced that the company entered into a strategic agreement  with Viola, whereby Origin House has an exclusive license to produce, package and sell all Viola products in California. Pursuant to the Agreement, effective January 24, 2019, Origin House’s distribution subsidiary, RVR Distribution, will be the exclusive…

HEXO to Begin Trading on the NYSE American, Announces Results of AGM

GATINEAU, Quebec, Jan. 17, 2019 (GLOBE NEWSWIRE) — HEXO Corp. (“HEXO” or the “Company”) (TSX:HEXO) is pleased to announce that its common shares have been approved for listing on the NYSE American LLC (“NYSE American”) and will commence trading effective at the open of markets on January 23, 2019. HEXO’s shares will trade on the NYSE American under the ticker symbol…

Curaleaf Set To Expand Operations In Maryland With New Financing And Purchase Option Agreements

HMS Health, MI Health, and Elevate Takoma to Rebrand Under Curaleaf Name REISTERSTOWN, Md., Jan. 10, 2019 /PRNewswire/ –Curaleaf Holdings, Inc. (CSE: CURA) (OTCBB: CURLF), a vertically integrated cannabis operator, today announced a series of agreements that will expand its operations, as well as patient access to medical cannabis in the state of Maryland, while further bringing the company’s expertise to…

KUSHCO HOLDINGS REPORTS FIRST FISCAL QUARTER 2019 RESULTS

Revenues Increased 186% Year-over-Year to approximately $25.3 million, but company loses $8.2 million vs. $100,000 profit last quarter  GARDEN GROVE, Calif., January 8, 2019 – 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 Innovations, which provide a range of services…

Curaleaf Launches Its 20th Medical Marijuana Dispensary in Florida

Company’s Rapid Florida Expansion Continues into 2019 TITUSVILLE, Fla., Jan. 7, 2019 /PRNewswire/ — Curaleaf Holdings, Inc. (CURA.CN) (CURLF) (“Curaleaf” or the “Company”), a leading vertically integrated cannabis operator in the United States, today announced the opening of Titusville’s first medical marijuana dispensary, bringing the number of Curaleaf dispensaries in the state of Florida to 20. Curaleaf has the largest cannabis dispensary footprint in the US, with…

Cannabis Stocks Mixed on Monday

By Eric Vengroff, Financial Analyst Amidst another circa. 400-point selloff on the Dow this morning, and a 0.6% drop on the TSX, cannabis stocks are trading mixed on the various North American exchanges. At 11:55 Tilray (US:TLRY) is down 4% to $71.75 per share while Canopy Growth (CA:WEED) is up 3.7.% to C$37.30 per share. As reports about orchestrated shorting…