Month: May 2024
Cronos Group Reports 2024 First Quarter Results
Industry-leading balance sheet with $855 million in cash and cash equivalentsNet revenue in Q1 2024 increased by 30% year-over-year to…
Trulieve Cannabis’ quarterly loss narrows on demand boost
Last month, the U.S. Department of Justice moved to reclassify marijuana as a less dangerous drug, a step that will…
New Canaan firm invests $16 million in a new East Hartford cannabis facility
New Canaan-based NewLake Capital Partners is investing $16 million in purchasing an East Hartford building and converting it into a…
The 7 Top-Selling Cannabis Companies Ranked by Revenue: Which Weed Stocks to Buy?
Whispers and rumors of widespread cannabis legalization are growing louder. Although the last major surge in top cannabis stocks during…
Legal Cannabis States Raked In $20B Since 2014, Peaking At $4B In 2023, New Report Shows
Explore how states with legal adult-use cannabis have generated over $20 billion in tax revenue, driving economic growth and job…
Ann Arbor marijuana company secures $16M investment, expands to 5th state
Ann Arbor-based cannabis operator C3 Industries closed Wednesday on a $16 million investment to construct a new 58,500-square-foot cultivation facility…
Ann Arbor marijuana firm secures $16M investment, expands to 5th state
Ann Arbor-based cannabis operator C3 Industries closed Wednesday on a $16 million investment to construct a new 58,500-square-foot cultivation facility…
Cannabis REIT NewLake Invests $16M In Connecticut Marijuana Cultivation Facility, Expands Partnership With Michigan’s C3 Industries
Cannabis REIT NewLake Capital Partners, Inc. NLCP announced on Wednesday that it is acquiring a 58,500 square-foot industrial property in…
Investors wary of US cannabis ETFs despite recent rally
Marijuana ETFs and cannabis stocks shot higher last week after the U.S. Justice Department said it plans to reclassify marijuana…
CBD-Focused Charlotte’s Web Revenue Drops 29% In Q1 Amid Strategic Adjustments
Charlotte’s Web Holdings, Inc. (OTCQX:CWBHF) (TSX:CWEB) announced its first quarter financial results Wednesday for 2024. The Colorado-based hemp extract wellness…
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