Articles written by Jelena Martinovic

Hemp-Focused CV Sciences Expands Via New Cannabis Acquisition, Here's What Investors Need To Know

CV Sciences, Inc. (OTCQB: CVSI) a hemp-focused wellness company announced on Thursday it's acquiring Extract Labs, Inc., a manufacturer and distributor of premium cannabinoid products including gummies, topicals and tinctures. Extract Labs' branded products are sold through a range of sales channels from business-to-business (B2B) to business-to-consumer (B2C).

Hemp-fokussiertes Unternehmen CV Sciences erweitert sich durch neue Cannabis-Übernahme - Das sollten Investoren wissen

CV Sciences, Inc. (OTCQB:CVSI), ein auf Hanfprodukte fokussiertes Wellnessunternehmen, gab am Donnerstag bekannt, dass es Extract Labs, Inc., einen Hersteller und Vertreiber von Premium-Cannabinoidprodukten,

Canadian Cannabis Co. Decibel Reports 12% YoY Drop In Q3 Revenue But Increases Gross Margin To 53%

Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) announced on Thursday its unaudited interim financial results for the third quarter ending Sept. 30, 2024. "Decibel has been very deliberate about reducing our current liabilities, by ~5mm this quarter," CEO Benjamin Sze said. "Maintaining discipline over time will result in a stronger balance sheet. This marks the last quarter where our primary focus is on Canadian domestic recreational sales. While we continue to integrate AgMedica into our portfolio, it is encouraging to see significant demand internationally for Decibel flower."

Kanadisches Cannabisunternehmen: Decibel meldet 12%igen Rückgang des Quartalsumsatzes im Jahresvergleich, steigert aber Bruttomarge auf 53%

Decibel Cannabis Company Inc. (TSXV:DB) (OTCQB:DBCCF) gab am Donnerstag seine ungeprüften Zwischenergebnisse für das 3. Quartal bekannt, das am 30. September 2024 endet. "Decibel hat in diesem Quartal sehr bewusst

NASDAQ-gehandeltes Cannabisunternehmen Agrify sichert sich 25,9 Millionen US-Dollar über eine Privatplatzierung - so werden sie es ausgeben

Agrify Corporation (NASDAQ:AGFY) gab am Donnerstag bekannt, dass das Unternehmen eine unabhängig platzierte Privatplatzierung in Höhe von 25,9 Millionen US-Dollar gesichert hat. Was ist passiert Das Unternehmen

NASDAQ-Traded Cannabis Co. Agrify Secures $25.9M Via Private Placement, Here's How They'll Spend It

Agrify Corporation (NASDAQ: AGFY) announced on Thursday a $25.9 million non-brokered private placement.The company said it has entered into securities purchase agreements with institutional and accredited investors in a non-brokered private placement priced at $22.30 per share.The placement is set to close on Thursday, Nov. 21, subject to customary closing conditions.

Alabama Lawsuit Against Cannabis Regulator Over Medical Marijuana Licensing Moves Forward

The Alabama Court of Civil Appeals rejected the Alabama Medical Cannabis Commission's (AMCC) attempt to dismiss a lawsuit filed by a medical marijuana operator, challenging its already troubled medical cannabis licensing process. Jemmstone Alabama, LLC, filed the lawsuit in December 2023, alleging mismanagement and improper denial of its application for an integrated medical cannabis facility license, reported Alabama Political Reporter.In the lawsuit, Jemmstone initially named AMCC only as a defendant, in the caption of the complaint. However, throughout the document, the plaintiff consistently referenced individual commissioners.

Klage des Bundesstaates Alabama gegen Cannabis-Regulierungsbehörde wegen Lizenzierung von medizinischem Marihuana wird fortgesetzt

Das Berufungsgericht in Alabama hat den Versuch der Alabama Medical Cannabis Commission (AMCC) abgelehnt, eine Klage eines medizinischen Cannabis-Unternehmers abzuweisen, die den medizinischen

Die Cannabis-Enthusiasten aus Ohio steigern das Ergebnis dieses Cannabis-Unternehmens: 165 % jährlicher Anstieg des bereinigten EBITDA im dritten Quartal

Vext Science, Inc (CSE:VEXT) (OTCQX:VEXTF) , ein Betreiber mit vertikalem Betrieb in Arizona und Ohio, berichtete am Donnerstag über die Finanzergebnisse für den Zeitraum endend am 30. September 2024. "Die Leistung

Ohio's Weed Enthusiasts Help This Cannabis Company's Bottom Line: 165% YoY Increase In Q3 Adjusted EBITDA

Cannabis operator with vertical operations in Arizona and Ohio Vext Science, Inc. (CSE: VEXT) (OTCQX: VEXTF) reported on Thursday its financial results for the period ended Sept. 30, 2024. "Vext's performance in the third quarter of 2024 was a testament to the team's disciplined execution amid persistent macroeconomic headwinds," Eric Offenberger, CEO of Vext, said. "Our solid Adjusted EBITDA results reflect both the transition to adult-use sales in Ohio, as well as our focus on maintaining strict cost control. Despite a challenging economic climate and typical third-quarter seasonality and pricing pressures in the Arizona market with the ongoing supply-demand imbalance, we're pleased to report that our economic unit volumes remain strong."

Canopy Growth, Aurora And Another Cannabis Giant Unveil Product Innovations, Here's What's New

Cannabis company Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) is launching the award-winning California-grown Claybourne brand in Canada, via an exclusive licensing agreement. Canadian medical cannabis company Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) revealed its latest lineup of innovations from Greybeard, San Rafael '71 and Tasty's brands for Canadian consumers.Cannabis producer and retailer The Cannabist Company (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) announced on Wednesday the launch of its partnership with Veda Warrior, a New Jersey-based minority woman-owned Ayurvedic wellness brand.

Cannabis Wholesale Platform Nabis Launches In New York, Opens Two Warehouses Creating 100 Jobs

Cannabis wholesale platform Nabis has launched in the New York cannabis market. The move officially marked its status as a bicoastal operator."Expanding to New York is about more than moving into a new market — by planting our roots on the East Coast, we're laying the groundwork for our next chapter of building the national wholesaling infrastructure for brands and retailers across America," Vince C. Ning, CEO and co-founder of Nabis, said. Going forward, Nabis' wholesaling technology will provide rapid order fulfillment, payment processing, customer service and compliance to New York's burgeoning market. Nabis said it will serve nearly 10% of the state market by the end of the year.

Judge Orders Removal Of 'Illicit Cannabis' Signs Plastered On NYC Hemp Shops By Gov's Weed Authorities

Two Manhattan hemp stores are given a green light from a state Supreme Court judge to remove "illicit cannabis" signs placed on the storefronts by cannabis regulators following raids, reported Times Union. The temporary restraining order signed by Arthur F. Engoron, a judge of the Supreme Court 1st Judicial District in New York, suggests questions around the legality of the tactics used by state regulators and the New York City Sheriff's Office in their enforcement efforts have been raised. Dozens of hemp store owners are already fighting their respective court battles, after their shops got raided, with products seized and "illicit cannabis seized" signs placed on their storefronts without any hearings. They argue signs label their businesses as criminal without due process while creating significant reputational and financial harm.

Illinois Launches Cannabis Research Institute With $7M In Funding

Gov. JB Pritzker, University of Illinois System President Tim Killeen alongside cannabis researchers and other government officials launched on Friday the Cannabis Research Institute (CRI) with a focus on advancing the public's understanding of the scientific and socio-economic impacts of cannabis use and production. The initiative is funded by money coming from legal cannabis sales in the state."The Cannabis Research Institute will use innovative research and data collection to deepen our understanding of cannabis and help shape the industry's future, better inform the public, and develop policies for consumer protection, economic and community development, and equity," Pritzker said.

Isiah Thomas' One World Products Makes Strides In Sustainability With Strategic Hemp Innovations

NBA legend Isiah Thomas' hemp company One World Products Inc. (OTC: OWPC) is celebrating its first royalty payment. Over the years, OWP has formed alliances with industry operators such as Stellantis, Flex-N-Gate, Orbis, and West Michigan Compounding to integrate green practices into mainstream markets, especially the automotive industry. "Our strategic partnerships with industry giants such as Stellantis, Flex-N-Gate, Orbis, and West Michigan Compounding are pivotal as we drive forward the integration of green practices into mainstream markets," Thomas, who serves as chairman and CEO of OWP, said. "With their support, we are setting new benchmarks for what it means to operate responsibly within the automotive industry."

Canadian Cannabis REIT Nova Plans Liquidation, Offers Unit Holders Premium Payout After $3.71M Sale

Medical Marijuana Footprint Grows In Florida As Legalization Push Fizzles, And Other New Cannabis Stores

RISE Dispensaries, a cannabis retail chain owned by Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), opened RISE Dispensary Orlando on Good Homes Road on Friday, Nov. 8. Located at 725 Good Homes Road, the new West Orlando location expanded RISE Dispensaries' retail footprint in Florida to 21 locations and 99 nationwide. Cannabis giant Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) opened a new medical dispensary in Miami, Florida in October. Curaleaf Miami Bird Road, located at 8868 SW Bird Rd. in Miami, brought the company's Florida store count to 66 locations, with 151 dispensaries total nationwide.Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), one of the biggest supporters of Amendment 3 which was rejected by Florida voters earlier this month and would have legalized recreational cannabis in the Sunshine State, additionally expanded its already substantial retail footprint statewide.

Cannabis Co. Grown Rogue Reports 7% Increase In Q3 Revenue, Focuses On New Jersey And Illinois Expansion

Cannabis company Grown Rogue International Inc. (CSE: GRIN) (OTC: GRUSF) reported on Thursday its third quarter 2024 results for the three months ended Sept. 30, 2024. "This was another exciting quarter for Grown Rogue with solid financial metrics showing the continued execution by our team in competitive markets against a backdrop of modest price compression," Obie Strickler, CEO of Grown Rogue, said. "We continue to see strong indoor production yields of craft-quality flower, retail buyer and consumer loyalty, and great initial reception and sell-through with our branded pre-rolls, including our newest brand Yeti".

C21 Reports Q2 Revenue Up 14% QoQ, South Reno Cannabis Dispensary Sees 53% Sales Growth

Vertically integrated cannabis company C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF) announced on Thursday interim unaudited financial statements and management discussion and analysis for its second quarter ending Sept. 30, 2024. "We are pleased with the strong performance and positive customer reception of our new dispensary during its first quarter of operations," Sonny Newman, CEO and president, said. "These results have exceeded our expectations and we continue to see robust sales growth into the new quarter."

Canadian Cannabis Producer Rubicon Reports Record Q3 Revenue Of $13.5M, 34% YoY Growth

Cannabis producer Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) reported on Wednesday its third quarter financial results for the three months ended Sept. 30, 2024. The Vancouver, British Columbia-based company achieved a record net revenue of CA$13.5 million ($9.6 million) for the quarter, representing a 34% increase year-over-year. "Rubicon Organics continues to innovate and expand our product offerings, solidifying a strong market share in premium flower, pre-rolls, edibles, and more," Janis Risbin, the company's CFO, said. "I'm particularly proud of the success of our 2024 vape launch, which has already achieved 55% distribution in just six months. Looking ahead, we expect to drive further growth in Canada and beyond, as we intend for new market entry in 2025."

Jelena Martinovic

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