After rebounding in February from very weak January levels, Illinois adult-use cannabis sales advanced in March. 2021 adult-use sales of $1.38 billion increased 106% over 2020, and year-to-date sales of $231.3 million have increased 30% so far in 2022. …Read the full story
In February, all of these markets advanced on a per-day basis, with some markets actually experiencing sequential growth despite three fewer days in the month. BDSA provides coverage for the relatively mature markets of Arizona, California, Colorado, Nevada and Oregon. Combined sales of $103.7 million were up 43.4% compared to a year ago, when there […]
This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay up to date. When we launched this resource in May 2019, companies with quarterly revenue in excess of US$2.5 million qualified. We note that often operating income can include one-time items like stock compensation, inventory write-downs or public […]
“2021 was another successful year for InterCure as we continued to execute our profitable growth strategy while strengthening our brands, manufacturing, distribution and consolidation leadership” said InterCure CEO Alexander Rabinovitch, adding “We achieved another significant milestone of almost 230% year-over-year growth in revenues with 250% growth in adjusted EBITDA, with one of the strongest balance […]
Cresco Labs , a big wave in the sea of consolidation sweeping through the cannabis industry. The team evaluated multiple options, and the Cresco acquisition was the deal that was most ready to generate returns for shareholders and new opportunities for employees, according to Vita. In 2023, the company will have eight states contributing in […]
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. For those not familiar with 280E, it is a federal statute that disqualifies all expenses beyond cost of goods sold for businesses involved in trafficking of Schedule I or II substances that […]
The Company anticipates initiating sales in 3rd party retail locations in the week after its initial launch. Hitting shelves at dispensaries throughout Massachusetts next week, the limited-edition Mellow Mule mimics the desired effects of LEVIA’s “Celebrate” offering – a hybrid cannabis blend that feels both uplifting and social – with a refreshing ginger-lime twist. In Florida, […]
Each of the members was also included in a sub-index, with 4 in the Canadian Cannabis LP Tier 1 Index, 8 in the Canadian Cannabis LP Tier 2 Index and 12 in the Canadian Cannabis LP Tier 3 Index during the month. Tier 1, which included the LPs that are generating cannabis-related sales of at […]
CEO Dustin Eide sat down with New Cannabis Ventures to discuss CanPay’s network, its market reach and a recent payments milestone. When the Cole Memo and FinCEN guidance were released that same year, he saw the opportunity to start building the CanPay model. Cassandra Ingram helps keep CanPay compliant with regulators and federal guidance, which […]
TORONTO, March 30, 2022 /PRNewswire/ – RIV Capital, Inc. Mr. Sims is a current director of RIV Capital, a role he will retain, and most recently was Senior Vice President of Strategy and M&A for The Scotts Miracle-Gro Company , where he also previously served as its CIO and head of business transformation. Mark has deep experience […]
“Over the last couple months, the Planet 13 team has been working hard to operationalize all of the exciting new assets we’ve acquired over the past year. The Company’s Annual Report on Form 10-K for the year ended December 31, 2021, is available on the SEC’s website or at https://www.planet13holdings.com/investors/. ET to discuss its fourth […]
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. With the big rebound over the past two weeks, the New Cannabis Ventures Global Cannabis Stock Index has lifted 22% off of the recent lows set on March 14th, leaving the index down 9.2% […]
EDMONTON, AB, March 22, 2022 /PRNewswire/ – Aurora Cannabis Inc. The Transaction is expected to strategically strengthen Aurora’s position in the Canadian market by placing the Thrive team in charge of Aurora’s Canadian recreational portfolio, advancing the shift in focus to innovative premium products including dried flower, pre-rolls, vapour products, and concentrates. , which amongst […]
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. We recently shared a review of these funds with subscribers to our premium cannabis due diligence service 420 Investor, concluding that there has been a substantial evolution over the past four years, though […]
Statistics Canada released January retail sales for the country this morning, with cannabis sales decreasing from December by 2.1% to C$347.2 million. Quebec was down 14% from December and 2% from a year ago, while British Columbia was down 5% from December as it advanced 24% from a year ago. Hifyre IQ estimated that product categories have seen […]
, one of the fastest-growing, vertically integrated cannabis companies in the U.S., today reported financial results for its fourth quarter and year ending December 31, 2021. With the first phase of our SoCal cultivation facility operational; and its construction on time and on budget; and the receipt of our nursery, cultivation and processing licenses, we […]
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The opening of adult-use sales in New Jersey, which could happen as early as May, is one of the big catalysts for 2022 that we have previously discussed. This week, we learned […]
, a leading medical and adult-use recreational cannabis company with operations in Israel, Canada, and Germany, provided preliminary unaudited financial results for the three months and fiscal year ended December 31, 2021. In Israel, we have become among the largest distributors of medical cannabis and are well positioned to capture market growth today and in […]
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. Two of the largest MSOs kicked off earnings season this week, with GTI meeting Q4 revenue expectations but missing on adjusted EBITDA and Curaleaf following up Thursday with a slight miss on revenue […]
After a very sharp bounce in December from November, cannabis sales experienced large sequential declines in January across markets covered by cannabis data analytics firm BDSA. BDSA provides coverage for the relatively mature markets of Arizona, California, Colorado, Nevada and Oregon. Combined sales of $104 million were up 18.7% compared to a year ago, when there were […]