Cultivation efficiencies and improved market valuations contributed to the financial turnaround.
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Category: Business
Red Light Holland posts sales dip amid retail lull, ‘debanking’ issues
The psychedelics company maintained cash reserves while seeing a tourism slowdown in the Netherlands and difficulties in Canada.
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Trulieve kicks off hemp-THC cocktail line “Onward”
The cannabis giant will enter the hemp beverage market, which analysts think will become a multi-billion dollar market.
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‘Lot of excitement’ around hemp beverage boom
Hemp-based drinks alone could grow into a $1.4 billion to $4 billion market in the U.S. over the next four years.
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Harmony Biosciences posts record sales for narcolepsy drug, maps synthetic CBD plans
The Pennsylvania-based drugmaker anticipates results from a Phase 3 trials of ZYN002 by the third quarter.
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LFTD Partners to expand into Illinois cannabis market with four-deal plan
The company said it will buy cannabis licenses and properties in the limited license state.
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High Tide pumps the brakes on Purecan deal in Germany
The Canadian retailer put its €4.8 million Purecan acquisition on hold as it seeks different paths into German medical market.
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Cannabis executives bring in big bucks in 2023, despite big company losses
Ascend Wellness CEO was highest paid cannabis chief executive in 2023.
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Washington state lawmakers weigh cannabis event consumption proposal
The bill has drawn opposition from the Washington Association of Sheriffs and Police Chiefs.
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New Jersey has yet to spend $6 million in cannabis taxes earmarked for social equity
The fee that funds the program was just increased to $2.50 per ounce of flower.
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