What’s the right revenue per square foot? What’s a realistic business outlook for cultivators? Get realistic market forecasts, state-by-state insights and benchmarks. Get the 2023 Factbook. Marijuana multistate operator MedMen Enterprises says it will be late to file its annual financial report for its 2023 fiscal year ended July 1. The Los Angeles-based company said in a late … [Read more...] about Marijuana MSO MedMen delays filing 2023 financials
Weed investments
Is Elon Musk the Hero the Cannabis Industry Needs Right Now?
There's still hope for the industry, even if Congress doesn't pass marijuana reform. Earlier this year, there was excitement that the federal government might reschedule marijuana from a Schedule I substance down to Schedule III. It would be a big step toward decriminalization, which could help open up doors for the industry. But as with everything related to the government, it … [Read more...] about Is Elon Musk the Hero the Cannabis Industry Needs Right Now?
Michigan marijuana firm Skymint’s assets bought from receivership
Tropics LP has acquired most of the assets of Michigan cannabis company Skymint, which entered receivership this year after defaulting on a loan from Tropics. Tropics, which recently put in a $109.4 million stalking horse bid for Skymint, is owned by an affiliate of SunStream Bancorp, which is a joint venture involving Canadian cannabis company SNDL. The sale order will see … [Read more...] about Michigan marijuana firm Skymint’s assets bought from receivership
3 Cannabis Stocks Analysts Like Better Than Canopy Growth
The cannabis industry has been on a rollercoaster ride from the beginning, thanks to the perpetual overhang of regulatory uncertainty. But there's been a glimmer of hope for weed stocks after the U.S. Department of Health and Human Services recently suggested that marijuana should be moved from Schedule I to Schedule III. This might sound a bit bureaucratic, but it could mean … [Read more...] about 3 Cannabis Stocks Analysts Like Better Than Canopy Growth
Marijuana e-commerce platform Leafly regains Nasdaq compliance
Leafly Holdings says it is back in the good graces of the Nasdaq after meeting the stock exchange’s minimum bid-price requirement. The announcement comes after the marijuana e-commerce platform consolidated its shares on a 20-to-one basis in September in order to comply with the Nasdaq’s rules. The exchange requires a minimum bid price of $1 for listed equities. Leafly … [Read more...] about Marijuana e-commerce platform Leafly regains Nasdaq compliance
Aurora Cannabis Lines up C$34 Million Deal to Pay Off Debt, Eyes Potential Acquisitions
Alberta-based Aurora Cannabis Inc. (NASDAQ:ACB) (TSX:ACB) has entered into an agreement with investment bank Canaccord Genuity to sell 46,250,000 of its shares at C$0.73 each, generating approximately C$33.8 million. The deal was announced on Thursday, with the possibility of gross proceeds increasing to an estimated C$38.8 million if an option for Canaccord Genuity to purchase … [Read more...] about Aurora Cannabis Lines up C$34 Million Deal to Pay Off Debt, Eyes Potential Acquisitions
Marijuana grower Canopy eyes share consolidation after Nasdaq warning
Canadian cannabis producer Canopy Growth plans to seek approval to consolidate its shares after the Smiths Falls-based company was notified by the Nasdaq that it does not meet the stock exchange’s listing standards. Maintaining a minimum bid price of at least $1 per share is one of the Nasdaq’s listing requirements. However, the closing bid price of Canopy’s shares has been … [Read more...] about Marijuana grower Canopy eyes share consolidation after Nasdaq warning
The Cannabis Industry: A Bubble About to Burst?
The cannabis industry has been on a wild ride over the past few years, with skyrocketing valuations, hype, and excitement that seem to be reminiscent of the dot-com bubble of the late 1990s. However, just like the dot-com bubble, there are signs that the cannabis industry is about to burst. Already, there have been drops in sales, and a lot of layoffs, which are clear … [Read more...] about The Cannabis Industry: A Bubble About to Burst?
NBA allows players to invest in teams, betting and cannabis companies
Players will now be able to invest in NBA and WNBA teams, as well as promote and/or invest in sports betting and cannabis companies. The league's new collective bargaining agreement (CBA) will give players the ability to invest in NBA and WNBA teams, as well as promote and/or invest in sports betting and cannabis companies, according to Shams Charania of The Athletic. Sports … [Read more...] about NBA allows players to invest in teams, betting and cannabis companies
U.S. Legal Cannabis Sales Predicted to Grow 14% in 2023
LOUISVILLE, Colo. — Global legal cannabis spending grew 4.8 percent to $32 billion in 2022 and has a projected compound annual growth rate (CAGR) of 13.2 percent from 2022 to 2027, according to BDSA's updated five-year global legal cannabis market forecast. Despite economic uncertainty and rising inflation, BDSA expects legal U.S. cannabis sales to grow 14 percent by the end of … [Read more...] about U.S. Legal Cannabis Sales Predicted to Grow 14% in 2023
