With no current debt and a fresh $100 million credit line, the business development company arm plans aggressive expansion.
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Category: Business
Beyond Germany: Other international markets for cannabis opportunities
Companies like Aurora Cannabis, Tilray and Canopy Growth are jumping into overseas markets.
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Trump taps anti-cannabis hardliner for top DEA job
Trump’s choice for DEA administrator has publicly opposed marijuana legalization.
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Michigan governor’s road tax plan has cannabis industry on edge
The plan includes adding a wholesale tax to marijuana sales to generate $470 million.
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CBD brand Prima acquired by Sky Marketing
The founders of cannabis edibles maker Hometown Hero are betting on luxury CBD skincare with their acquisition of Prima.
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Businesses in receivership flood the market amid cannabis industry challenges
Many businesses are grappling with declining wholesale prices, compliance costs and limited access to banking.
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Jazz Pharmaceutical wraps up Epidiolex patent claims
The success of Epidiolex prompted several companies to attempt to create generic versions.
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Cybin sees third-quarter loss on R&D costs, advances clinical programs
Cybin pushes forward with Phase 3 depression trials after narrowing its loss, while securing a $100M funding program.
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Organigram posts mixed results but touts international growth after Motif deal
The Canadian cannabis producer missed revenue expectations but posted stronger margins as international sales surge.
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Glass House raises guidance for its fourth quarter and 2024 results
Glass House attributed the solid results to cost cutting and lower production costs, along with increased same-store sales.
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