Jay-Z Backed Cannabis Producer, The Parent Company, Beats Estimates For Quarterly Revenue
California marijuana producer TPCO Holding Corp., better known as Parent Company, beat estimates for quarterly revenue on Monday, August 16, as demand exploded for THC-infused products during the p...
Charlotte’s Web Holdings Financial Report Shows Progress Despite FDA Set Back
Charlotte’s Web Holdings, Inc. reported consolidated revenue increasing 11.4% year-over-year to $24.2 million. Charlotte’s Web said that increased retail volumes have resulted in ongoing increment...
Multiple Cannabis Companies On The Hunt To Purchase U.S. Cannabis Operators
Canopy Growth, along with a slew of other Canada-based companies, has had its eyes on potentially participating in the U.S. cannabis market. In 2019, Canopy announced an approach to engage in the ...
Turning Point Invests $8 Million In Old Pal To Expand Product Offerings
Turning Point Brands Inc. has made an $8 million strategic investment in cannabis company Old Pal Holding Co. LLC. Turning Point is a manufacturer, marketer, and distributor of branded consumer pr...
Marijuana Producer Canopy Growth Reports Revenue Of $136 Million CAD
Canada-based marijuana firm Canopy Growth Corp. reported a net revenue of CAD$ 136 million (USD $108.4 million) for the first quarter of the fiscal year. Although this was an 8.2% decline from the...
Cannabis SPAC Greenrose Acquisition Corp. Gets $130 Million In Funding From SunStream Bancorp
Marijuana industry Special Purpose Acquisition Company(SPAC) Greenrose Acquisition Corp., announced it has reached agreements for up to $103 million in funding from Sunstream Bancorp. In a news re...
After Years Of Growth, Hemp Prices Continue Their Decline
Despite increasing popularity and high demand for Delta-8, cannabis prices continue to fall. With the exception of modest price rises in crude CBD oil and broad-spectrum CBD distillate, prices sti...
