SAN FRANCISCO – Cannabis ERP platform Distru closed a $6 million Series A funding round led by Poseidon Investment Management and supported by Global Founders Capital. Since its previous funding round led by Felicis with contributions from Elad Gil and Avichal Garg, Distru has seen significant growth and momentum. The company serves cannabis operators across 25 states and processes over $2 billion in GMV annually. The platform simplifyies...

NORTH SPRINGFIELD, Vt. -- Cannatrol, the innovators behind the cannabis industry’s only all-in-one dry, cure and storage solution, debuted its S-Series: advanced commercial storage systems designed to revolutionize the preservation of bulk cannabis flower and pre-roll production. This addition to Cannatrol’s pioneering technology meets the unique needs of the cannabis pre-roll market by providing the ideal preparation for pre-rolls...

Only a few years ago, financial services were a rare luxury for cannabis companies in the United States. Few were able to secure even a basic bank account, and those that could find an institution willing to take the risk of working with a business that trafficks in federally illegal goods faced compliance hurdles and exorbitant service fees.  Even when...

Cannabis regulations constantly evolve, especially as more states launch legal adult-use markets. As a result, businesses continue to face mounting challenges and confusion when it comes to accessing financial services with the required compliance financial institutions need. Green Check’s mission is to simplify processes and help both operators and financial institutions remain up to date and in step with current...

COSTA MESA, Calif. — LeafyPack, an innovator of packaging automation technologies for the cannabis industry, has developed a partnership arrangement with Omega Equipment and Supply, a nationwide expert in comprehensive cannabis facility development and support. The partnership brings forth a whole-package solution for new and existing cannabis facilities by combining LeafyPack’s expertise in efficient, cutting-edge packaging technology with Omega’s...

DENVER -- Matthew Melander has been appointed President of Sun Theory, bringing a wealth of experience and a proven track record of leadership to his new role. Melander will continue to propel the company's expansion initiatives, focusing on mergers and acquisitions and serving as a key liaison with the investor community. Melander reports to Connor Oman, CEO and Co-Founder, Sun Theory Holding...

SAUKVILLE, Wis. – Pope Scientific, a leader in precision distillation and separation technologies, debuted its new CE-Certified WFC-200 2” Wiped Film Still. The latest addition to Pope’s equipment lineup marks a significant step forward in safe, portable, high-performance distillation systems tailored to the global cannabis sector’s evolving needs. Going beyond simply incorporating CE components, Pope has created the WFC series...

TROY, Mich. -- Agrify Corporation, a provider of branded solutions for the cannabis and hemp industries, reported financial results for the quarter ended September 30, 2024. Third Quarter 2024 Financial Results Summary Revenue was $1.9 million for the third quarter of 2024 Gross profit was $0.2 million for the third quarter of 2024  Net loss for the third quarter of 2024 was $18.6 million, primarily attributed to...

COSTA MESA, Calif. - Gold Flora Corporation, a leading vertically integrated California cannabis company, announced its financial results for the three month period ("Q3 2024"). All amounts are expressed in U.S. dollars. Q3 2024 Financial Highlights Total revenue of $32.6 million; Q3 2024 gross profit of $13.5 Million, representing a 41% gross margin; Q3 2024 adjusted gross profit of $21.1 million, representing a 65% adjusted...

LOS ANGELES -- In a pivotal ruling, the Los Angeles Superior Court has cleared the way for Genius Fund I ABC LLC to proceed with its mismanagement lawsuit against former co-CEOs Ari Stiegler and Gabriel Borden. The lawsuit alleges gross mismanagement that led to the rapid downfall of Genius Fund, a cannabis venture once poised to be a leader in California's...