The Canadian company saw export sales more than quadruple over the year as international markets drive revenue gains.
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Category: Business
Revive Therapeutics buys DiagnaMed’s molecular hydrogen intellectual property
The research has been focusing on the incurable disease known as ALS.
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Shift to Malaysia proves increasing valuable for Ispire
The vape hardware maker said the move created a 45% cost advantage over competitors still producing in China.
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Canopy Growth to issue $200 million in new stock shares
Proceeds will pay for internal investments, acquisitions and “general corporate purposes.”
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PharmaCielo aims for profitability by late 2025 despite going concern
The producer still tripled its quarterly revenue while narrowing losses as appetite for global markets grows.
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Simply Solventless continues acquisition spree, closes purchase of Delta 9 Bio-Tech
The new subsidiary was immediately rebranded as Humble Grow Co.
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MTL Cannabis heads back into the red for now
The Canadian producer improved its cash position while higher expenses ate into its profitability.
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Trulieve, Green Thumb take different paths into hemp-THC drinks
Trulieve is betting the farm on its new hemp drinks, while GTI keeps regulatorily risky hemp operations at arm’s length.
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New York lawmakers quiz state cannabis czar, say unlicensed market still a major problem
Legislators also sought clarity on how regulators were handling supply chain challenges and the troubled social equity fund.
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Ayurcann posts 25% sales growth in second quarter, projects C$50M revenue in 2025
The Ontario-based cannabis company saw a 25% revenue jump despite still swimming in the red.
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