MariMed Adds New Post-Guidance Growth July 16, 2024 Tom Hymes Multiple State Operators, News & Insights 0 Comments While the dog days of summer are certainly upon us, and the fate of the cannabis industry remains shrouded in political and legal uncertainty, deals are still being made, state regulators are doing their work, and new growth opportunities are… Read More→
Curaleaf’s ‘The Hemp Company’ Delivers with DoorDash (UPDATED) June 24, 2024 Tom Hymes Delivery Service, Hemp Industry News, Multiple State Operators, Spotlight 0 Comments Curaleaf announced several launches on Monday, all of them related to hemp-derived THC products that are ostensibly compliant with the 2018 Farm Bill. First, Curaleaf announced the launch of an “all-new line of hemp derived THC products under its Select… Read More→
The Expanding Tao of Shangri-La June 12, 2024 Tom Hymes Company Stories, Multiple State Operators, News & Insights, Spotlight 1 Comment The fictional Shangri-La was a hidden valley tucked into the western end of Tibet’s Kunlun Mountains; a mystical paradise isolated from the world. For brothers Nevil and Kepal Patel, however, Shangri-La means the opposite of isolation. Instead, they are in… Read More→
Cannabist CEO David Hart on ‘Sweating the Assets’ February 20, 2024 Tom Hymes Company Stories, Multiple State Operators, News & Insights, Spotlight 1 Comment Cannabis Business Executive has covered New York-based Columbia Care (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) many times over the years, including lengthy profiles in late 2021 with co-founder Nicholas Vita, and in September of last year with then Chief Commercial… Read More→
Columbia Care Picks Up the Pieces Post-Cresco September 12, 2023 Tom Hymes Company Stories, Multiple State Operators, News & Insights, Spotlight 0 Comments It is almost an understatement to say that a lot has happened to New York-based Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) (FSE: 3LP) since Cannabis Business Executive last profiled the company in November 2021. Four months after that story… Read More→
Big Weed Is on the Brink of a Multi-Million Dollar Surge into New York’s Cannabis Market September 11, 2023 AggregatedNews Multiple State Operators, New York 0 Comments New York promised to put independent businesses at the heart of the legal pot industry. Now major medical marijuana companies are making their play amid the state’s stalled retail launch. In early 2017, there might not have been a flashier… Read More→
Chicago weed giant Cresco Labs claims in suit that competitor GTI poached a top-level employee August 2, 2023 AggregatedNews HR and Staffing, Multiple State Operators 0 Comments A lawsuit filed this week in Cook County court claims a Cresco chemist resigned in May and quickly joined GTI, in violation of a one-year non-compete agreement. Cresco Labs and Green Thumb Industries have been fierce rivals since Illinois issued… Read More→
A pot brand quietly backed by Gwyneth Paltrow is dominating California July 19, 2023 AggregatedNews Company Stories, Multiple State Operators, News & Insights 0 Comments California’s legal weed market is in a bad place. Prices are plummeting, sales are declining, and most people expect things to only get worse. Yet, somehow, Gwyneth Paltrow appears to be overcoming the terrible odds and is quietly dominating California’s cannabis market. Yes, the same… Read More→
Verano COO Darren Weiss Talks About How the Company is Navigating a Tight Capital Market May 11, 2023 Brian MacIver Company Stories, Multiple State Operators, Uncategorized 0 Comments In its Q1 2023 earnings report announced on May 10, multi-state operator Verano Holdings presented an image of a company that has been navigating difficult market conditions with intention. As it tightened its belt on selling, general, and administrative (SG&A)… Read More→
MariMed CEO Jon Levine and the Making of a Cinderella Story March 27, 2023 Tom Hymes Company Stories, Multiple State Operators, News & Insights, Spotlight 0 Comments Norwood, Massachusetts-based MariMed Inc. (MRMD; OTCQX) underwent a profound loss in December of last year with the unexpected passing of Bob Fireman, its co-founder and chief executive and a man who, as I quickly learned during an interview in December… Read More→
Jim Belushi Serenades NECANN Keynote Audience March 13, 2023 Tom Hymes Multiple State Operators, News & Insights, Spotlight 0 Comments Perhaps to calm his own nerves or those of the audience that came to hear his keynote address Saturday afternoon at NECANN in Boston, Jim Belushi of Belushi’s Farm and numerous other vocations pulled out a harmonica before he even… Read More→
Should Cannabis Operators Prepare for Federalization in 2023? Not so fast… February 8, 2023 Dave McManus Accounting, Banking, Finance & Real Estate, Multiple State Operators 0 Comments The Administration took bold steps last year that signaled an openness to federalizing cannabis. Plenty of speculation has followed, and it seems clear that the federal market could open soon. My perspective is that 2023 is not the year, and… Read More→
The Flower Shop Looks Beyond Arizona and Utah November 17, 2022 Tom Hymes Company Stories, Multiple State Brands, Multiple State Operators, News & Insights, Spotlight 0 Comments Arizona-based TFS Brands, aka The Flower Shop, began life as SKY Dispensaries in 2017 only to rebrand to its current name in 2019 following the promotion of Greta Brandt from General Counsel to her current role as President of the… Read More→
Sean ‘Diddy’ Combs to Buy Cannabis Operations in New York, Two Other States for Up to $185 Million November 4, 2022 AggregatedNews Banking, Finance & Real Estate, Multiple State Operators, News & Insights 0 Comments Hip-hop mogul and entrepreneur is acquiring marijuana assets to be divested in merger of Cresco Labs and Columbia Care Sean “Diddy” Combs has agreed to purchase licensed marijuana operations in three states for up to $185 million, adding a new business… Read More→
All About the Execution: A Conversation with Curaleaf CEO Matt Darin October 24, 2022 Tom Hymes Company Stories, Multiple State Brands, Multiple State Operators, News & Insights, Spotlight 1 Comment With over 6000 employees, 144 dispensaries, and over 2,200 wholesale dispensary accounts across 21 states, and counting, Curaleaf is an MSO in constant motion, launching new stores here, buying new companies there, expanding its footprint not only nationally but internationally… Read More→