Marijuana Stocks & Publicly Traded Cannabis Companies


Week in Review: MA adult-use cannabis stores reopening, High Times deal unravels, Acreage ‘reset’ & more

Massachusetts recreational marijuana retail stores will be allowed to reopen May 25, but sales will be limited to curbside pickup and online or telephone orders. MJBizDaily takeaway: This ends an expensive shutdown and a sore point for rec store operators in Massachusetts, who have seen counterparts across the country generally treated as essential businesses. Gov. Charlie […]

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Marijuana MSO Harvest announces layoffs, other pivots in $24M cost-cutting

Arizona-based multistate cannabis operator Harvest Health & Recreation revealed that it recently cut $24 million in expenditures – including laying off an undisclosed number of workers – in an effort to “rightsize” the company’s operations. According to the Phoenix Business Journal, Harvest disclosed during a May 20 earnings call that a “small amount” of the […]

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Cost-cutting cannabis giant Acreage to take $80 million-$100 million charge

Multistate marijuana operator Acreage Holdings on Monday said it is still reducing overhead costs – including the sale of a North Dakota medical cannabis operation and undeveloped real estate in Nantucket, Massachusetts – as it seeks to improve its financial situation. The New York-based company said in a news release that it expects to take […]

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Investment group buys Sundial medical cannabis subsidiary for CA$105 million

A United Kingdom cultivator that is licensed to grow medical marijuana and hemp has been acquired by a group led by a cannabis investment firm. The U.K.’s Bridge Farm Group, which cultivates ornamental plants, flowers and herbs, announced that it was sold by its parent company, Alberta, Canada-based Sundial Growers, to an entity controlled by […]

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Marijuana REIT invests $17.5 million in sale-leaseback deal

Innovative Industrial Properties (IIP), a real estate investment trust based in San Diego that specializes in sale-leaseback deals in the marijuana industry, spent $17.5 million to do such a transaction near its Southern California headquarters. IIP bought a 70,000-square-foot facility and quickly signed a long-term lease with Kings Garden, a cannabis company based in the Coachella […]

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GW Pharma trims loss to $8 million, warns virus could hit sales

GW Pharmaceuticals lost $8 million in its latest quarter – an improvement over the previous three-month period – but the United Kingdom-based medical cannabinoid company warned the COVID-19 pandemic could impact sales if fewer patients visit their doctors. Revenue in the quarter ending March 31 reached $120.6 million, up from $91 million and $109.1 million in […]

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Cannabis MSO Jushi cancels California acquisition, moves forward in Illinois

Florida-based multistate operator Jushi Holdings terminated the acquisition of an adult-use marijuana store in California and launched recreational sales at a shop in Illinois. According to a news release, Jushi entered into an agreement last fall to purchase an unidentified marijuana retailer in San Diego for $12 million, but the deal failed to close and Jushi terminated the acquisition […]

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Week in Review: High Times switches CEOs again, Florida court mulls cannabis revamp, solid sales in IL, OK & more

Los Angeles-based High Times Holding Corp. replaced CEO Stormy Simon after only four months on the job, marking the third time in a little more than a year the cannabis magazine publisher has hired a chief executive. Simon is being replaced by Peter Horvath, who most recently ran Ohio-based cannabis retailer Green Growth Brands. He also has […]

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Cronos books only $165,000 in overseas revenue for first quarter of 2020

Canadian cannabis producer Cronos Group reported $165,000 in net revenue from customers outside Canada and the United States in its latest quarter. Potential revenues of cannabis products overseas – especially in Europe – underpin valuations for many Canadian marijuana firms. So far, those sales have not materialized, with most publicly traded marijuana companies reporting negligible […]

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Cannabis firm 4Front raises $22 million via license sales, new debt

Multistate marijuana operator 4Front Ventures said it netted $18 million from the sale of its stake in cannabis retail licenses in Maryland and Pennsylvania and raised an additional $4 million through a private placement of convertible debt. The Arizona-based company said in a news release it expects the transactions will result in the company becoming […]

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