CALGARY, AB - High Tide Inc. closed a subordinated debt facility of $1,000 principal subordinate secured debentures of the Company for aggregate gross proceeds of $15 million at a price of $900 per Debenture, pursuant to subscription agreements with arm's length institutional credit providers. The Debentures will mature on July 31, 2029, and bear interest at a fixed rate of 12% per annum on...

DENVER - Growlink, a leading controlled environment agriculture (CEA) provider of advanced IoT controllers, sensors, and cultivation software, announced the closing of its $2 million seed financing round led by Casa Verde. Growlink's co-founders, Ted Tanner and David Holmes, have built technology companies together for 26+ years with two previous successful exits and are dedicated to creating data-driven tools that empower...

LOS ANGELES -- Ispire Technology Inc. subsidiary Aspire North America LLC signed an exclusive 30-year global licensing agreement with Hidden Hills Club, marking the US-based lifestyle brand's expansion into the global nicotine products market. Under the agreement, Ispire will manufacture, distribute and commercialize Hidden Hills' branded nicotine products such as reduced-risk e-cigarettes. The initial Hidden Hills nicotine products are scheduled to roll out in...

TALLAHASSEE, Fla. -- Trulieve Cannabis Corp., a leading and top-performing cannabis company in the U.S., today announced its results for the quarter ended June 30, 2024. Results are reported in U.S. dollars and in accordance with U.S. Generally Accepted Accounting Principles unless otherwise indicated. Numbers may not sum perfectly due to rounding. Q2 2024 Financial and Operational Highlights Revenue of $303 million increased 2%...

SAN DIEGO -- Innovative Industrial Properties Inc. (IIP), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2024. Financial Results and Dividend Generated total revenues of $79.8 million and net income attributable to common stockholders of $41.7 million, or $1.44...

EDMONTON, AB - Aurora Cannabis Inc., a leading Canada-based global medical cannabis company, released its financial and operational results for the first quarter fiscal 2025. "This was a milestone quarter for Aurora, as we delivered strong net revenue growth, a substantial increase in adjusted EBITDA, and positive free cash flow. Our impressive performance was driven by record net revenue in the rapidly growing...

TORONTO -- Organigram Holdings Inc., a leading licensed producer of cannabis, unveiled the preliminary results of its landmark clinical pharmacokinetic (PK) study conducted via the Product Development Collaboration (PDC) on its latest innovation, nanoemulsion technology. This patent-pending technology, branded FAST (Fast Acting Soluble Technology), will be the first innovation to be commercialized by Organigram leveraging the output of the PDC,...

STAMFORD, Conn. – After two years at the helm of one of the world’s largest publicly traded cannabis companies, Matt Darin will step down as chief executive officer at Curaleaf Holdings Inc. August 16. In his place, the board of directors appointed Executive Chairman Boris Jordan chairman and CEO. The company made the announcement during its second-quarter earnings call, during...

TORONTO - Cannabis Training Canada Inc.'s CTC 1: Retail Certification Program has been approved by the Alcohol and Gaming Commission of Ontario (AGCO) Board of Directors as an authorized cannabis retail employee training program. Retailers and their employees will now have the option to use the CTC program to meet their mandatory training requirements. This approval sets the stage for Cannabis...

STAMFORD, Conn. -- The board of directors at Curaleaf Holdings Inc., a leading international provider of consumer products in cannabis, appointed Executive Chairman Boris Jordan Chairman and Chief Executive Officer (CEO) effective August 16, 2024. Current CEO Matt Darin plans to retire but will stay on as a special advisor through year end to ensure an orderly transition. The announcement was made in...