Andy Warhol once said good business is the best art, but running a good business in the cannabis industry is becoming increasingly difficult. The so-called green rush has met the harsh realities of increased competition, regulatory hurdles, and the fact that legal cannabis is no longer a novelty. But none of this means success is out of reach. In fact,...

NEW YORK and TORONTO - iAnthus Capital Holdings, Inc., which owns, operates and partners with regulated cannabis operations across the United States, announces that Philippe Faraut will resign as Chief Financial Officer of the Company as well as all positions with the Company's subsidiaries and its affiliates, effective as of April 5, 2024. Mr. Faraut has served as the Company's...

TORONTO and GLIL YAM, Israel -- IM Cannabis Corp., an international medical cannabis company, announced its financial and operational results for the year ended December 31, 2023, the highlights of which are included in this news release. All figures are reported in Canadian dollars. The Company's full set of consolidated audited financial statements for the years ended December 31, 2023 and...

SAN DIEGO -- CV Sciences, Inc., a consumer wellness company specializing in hemp extracts and other proven science-backed, natural ingredients and products, today announced its financial results for the year and quarter ended December 31, 2023. Fiscal 2023, Fourth Quarter 2023 and Recent Financial and Operating Highlights Generated revenue of $16.0 million for fiscal 2023 compared to $16.2 million for 2022; Revenue...

CALGARY, AB - Simply Solventless Concentrates Ltd. ("SSC") is pleased to announce a non-brokered private placement of up to 3,333,333 units at a price of $0.15 per Unit for aggregate gross proceeds of up to $500,000.  Each Unit consists of one common share and one common share purchase warrant of SSC. Each Warrant is exercisable for one common share of...

SACRAMENTO, Calif. -- Delivery drivers at Eaze, a multi-state cannabis delivery operator, have voted unanimously to join Teamsters Local 150. "Congratulations to the men and women at Eaze for sticking together during this campaign and fighting for what they deserve," said Dale Wentz, Secretary-Treasurer of Local 150. "The Teamsters Union will ensure our new members win a collective bargaining agreement that...

DENVER - Medicine Man Technologies Inc., operating as Schwazze, announced financial and operational results for the fourth quarter and full year ended December 31, 2023. "This past year, the Schwazze team delivered solid top-line growth in two highly competitive markets with 31% adjusted EBITDA margins and improved operating cash flow," said Forrest Hoffmaster, Interim CEO of Schwazze. "We continued to sharpen our...

ATLANTA -- Greenlight Commercial Funding (GCF) led an $11-mill Series A Preferred Equity Offering for Audacity Zone Developments INC., underscoring the company's commitment to fostering innovation and growth within the cannabis industry. Mr. Akinyele Adams of Audacity States "We are at the forefront of industry disruption is our Pre-Roll Package Plant Model. It simplifies the manufacturing and distribution of cannabis products. This...

LONG BEACH, Calif. and TORONTO - Glass House Brands Inc., one of the fastest-growing, vertically integrated cannabis companies in the U.S., today reported preliminary financial results for the fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Highlights (Unaudited results, unless otherwise stated, all results and dollar references are in U.S. dollars) Net Sales of $40.4 million, an increase of...

NEW YORK and TORONTO - iAnthus Capital Holdings, Inc., which owns, operates, and partners with regulated cannabis operations across the United States, today reported its financial results for the fourth quarter and year-ended December 31, 2023. The Company's Annual Report on Form 10-K (the "Annual Report"), which includes its audited consolidated financial statements for the year ended December 31, 2023...