Press Releases Archives - Page 2 of 39 - Cannabis Business Executive

Cresco Labs to Expand Into Florida Through Acquisition of Bluma Wellness Inc.

January 14, 2021
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Banking, Finance & Real Estate, Mergers & Acquisitions, Press Releases
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PRESS RELEASE The Company will now have meaningful operations in all 7 cannabis markets that fall within the top 10 most populated states in the U.S. CHICAGO – January 14, 2021 — Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the…

Innovative Industrial Properties Acquires Massachusetts and Washington Properties and Enters Into Long-Term Leases with 4Front

January 9, 2021
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Banking, Finance & Real Estate, Press Releases
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PRESS RELEASE IIP Expands Portfolio to 66 Properties Comprising 5.4 Million Square Feet in 17 States SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on…

Flower One Provides Update On Convertible Debenture Interest Payment

January 1, 2021
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Banking, Finance & Real Estate, Press Releases
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PRESS RELEASE Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, announced today that it does not intend to make the applicable interest payments due…

Acreage Holdings Names Peter Caldini, Former President Pfizer North America Consumer Healthcare, as CEO

PRESS RELEASE NEW YORK, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”or “Company”) (CSE: ACRG.A.U, ACRG.B.U), (OTC: ACRHF, ACRDF) is pleased to announce that Peter Caldini has been appointed as the Company’s Chief Executive Officer. He officially joins…

Aphria and Tilray Combine to Create Largest Global Cannabis Company With Pro Forma Revenue of C$874 Million (US$685 Million)

December 16, 2020
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Banking, Finance & Real Estate, Mergers & Acquisitions, Press Releases
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PRESS RELEASE Complementary, Scalable Medical and Adult-Use Cannabis Businesses Strengthen Leadership Position in Canada; Expands U.S. and International Reach through World-Class Cultivation, Manufacturing, Diversified Product Portfolio and Distribution Footprint Robust Supply Chain and Operational Efficiencies Expected to Generate Approximately C$100…

Verano Holdings Enters into an Agreement for a Go-Public Transaction in Conjunction with AltMed Merger

December 16, 2020
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Banking, Finance & Real Estate, Press Releases
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PRESS RELEASE CHICAGO – December 15, 2020 – Verano Holdings, LLC (“Verano” or the “Company”), a leading multi-state cannabis operator, today announced it has entered into a definitive agreement to consummate a go-public transaction in Canada (the “Transaction”). The Transaction…

Clever Leaves Successfully Delivers First Shipment of EU GMP certified Cannabis derived Pharmaceuticals from Colombia to Germany

PRESS RELEASE Clever Leaves expands global capabilities and development of market specific pharmaceutical products NEW YORK, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Clever Leaves (“Clever Leaves”), a leading multi-national operator and licensed producer of pharmaceutical-grade cannabinoids, today announced it has…

Columbia Care Completes Acquisition of Project Cannabis

PRESS RELEASE NEW YORK--(BUSINESS WIRE)--Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”) announced that it has completed its acquisition of Project Cannabis, a leading cannabis cultivator, wholesaler and retailer based in Los…

Curio Wellness Launches Investment Fund to Combat Diversity and Inclusion Challenges within Cannabis Industry

PRESS RELEASE $30 Million in Capital will Provide 50 Diverse Entrepreneurs with Up to Ninety-Three Percent of the Capital Needed to Open a Curio Franchise in any one of eight states. December 01, 2020 09:00 AM Eastern Standard Time TIMONIUM,…

Jushi Holdings Inc. Announces Significant Expansion of Pennsylvania Cultivation Facility

PRESS RELEASE Company to triple grower-processor’s canopy from ~33,000 sq. ft. to ~98,000 sq. ft. in fast-growing market; Increase total facility size from ~90,000 sq. ft. to ~160,000 sq. ft. BOCA RATON, Fla., Nov. 23, 2020 – Jushi Holdings Inc.…

Cresco Labs Announces Record Revenue of $153.3 Million, Growth of $59 Million or 63% QoQ, and Adjusted EBITDA1 of $46.4 Million

November 18, 2020
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Banking, Finance & Real Estate, Press Releases
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PRESS RELEASE Company affirms position as the largest wholesaler of branded products in the industry with $90.5 million in wholesale revenue Record revenue of $153.3 million, 63% growth QoQ, an absolute increase of $59 million Record adjusted EBITDA1 of $46.4…

Realm of Caring, in Collaboration With Johns Hopkins, and Bloom Medicinals Develop Partnership for Cannabis Therapy Research

November 12, 2020
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Cannabis & Hemp Research, Press Releases
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PRESS RELEASE Cannabinoid Research Nonprofit Partners With Multistate Dispensary Operator to Serve as a Data Resource for Medical Marijuana Research Across the Country DENVER--(BUSINESS WIRE)-- Realm of Caring (RoC), a nonprofit dedicated to cannabinoid research, educational programs and services, is…

Harvest Health & Recreation Inc. Reports Third Quarter 2020 Financial Results

November 10, 2020
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Banking, Finance & Real Estate, Press Releases
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PRESS RELEASE Third quarter revenue was $61.6 million, up 86% from the third quarter 2019 and 11% sequentially Third quarter adjusted EBITDA was $10.5 million, compared to $4.1 million in the second quarter of 2020 2020 revenue target increased…

BDSA Launches Retail Sales Tracking Service for the $2.5B Canadian Cannabis Market in Partnership with Buddi

PRESS RELEASE Canada Represents World’s Largest Nationally Legal Market and 20% CAGR Through 2025 BOULDER, Colo., Oct. 7, 2020 — BDSA announces the expansion of its cannabis retail sales tracking coverage to include Canada, the world’s largest nationally legal cannabis…

Government of Colombia Declares Clever Leaves Colombia as ‘Project of National and Strategic Interest’

PRESS RELEASE Priority Status Highlights Government Support; Accelerates Execution of Strategic Projects and Regulatory Processes NEW YORK, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Clever Leaves (the “Company”), a leading multi-national operator and licensed producer of pharmaceutical-grade cannabinoids, announced today that…