Despite the yearly increase in revenue, the company is still grappling with continued losses.
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Category: Business
UC Asset buys remaining ownership of a cannabis property
UC Asset typically gives sellers shares in the company in lieu of cash.
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Simply Solventless is buying CanadaBis Capital in C$16 million deal
The combined companies expect to save C$5 million and be stronger together.
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Chicago Atlantic feels net income pinch
Chicago Atlantic missed the analyst expectations for earnings.
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Cresco Labs sees lower revenues but better cash flow
Cresco Labs has prioritized profitability and cash flow conversion to strengthen its balance sheet.
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Tilray issues more shares to pay debt
The company’s share price has been trading near its 52-week low of 58 cents.
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Gamification of cannabis sales sparks criticism, but is it warranted?
Sparkplug says it has paid out $10 million to budtenders in sales incentives.
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California extends emergency intoxicating hemp ban
The rules specify that hemp products can have “no detectable amount of total THC.”
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Pineapple Express to acquire Groovy Co. through stock trade deal
The deal will give Pineapple Express access to QR code technology for its packaging.
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Würk, C15 pair up for strategic partnership
Poseidon Investment Management is an investor in the two companies.
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