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...

RICHMOND, Va. – Virginia Gov. Glenn Youngkin vetoed a bill this week that would have established a framework for creating an adult-use retail marketplace with sales expected to launch in May 2025. House Bill 698 and Senate Bill 448 began their congressional journeys in early January, narrowly passing in both Democrat-led bodies through largely party-line votes. “The proposed legalization of...

Tens of thousands of music fans toured STIIIZY’s 40-foot indoor cultivation grow replica at Rolling Loud California 2024, a three-day international hip hop music festival held March 14-17 in Inglewood, California. Estimated attendance for the event was about 45,000 per day, drawn by major music headliners ¥$, Nicki Minaj, Post Malone, Future, and Metro Boomin. The immersive cannabis cultivation experience...

Pre-rolled joints are among the most popular products in the cannabis market today, gaining ground year after year. According to Headset data, pre-rolls are the third largest category in cannabis retail, accounting for fifteen percent of dispensary sales in 2023. The convenience and cost have consumers elated, offering brands an easy way to introduce their bud to new audiences...

WEST PALM BEACH, Fla. -- AFC Gamma, Inc. today announced that it has provided a total of $34.0 million in debt capital across two senior secured credit facilities to High End Holdings, LLC and Green Sentry Holdings, LLC d/b/a Sunburn Cannabis, a private, vertically integrated, single-state Florida operator. Sunburn intends to use the proceeds from the credit facilities to...

TORONTO -- Organigram Holdings Inc. is pleased to announce a US $2 million minority investment in Steady State LLC (d/b/a Open Book Extracts) (“OBX”) in the form of a convertible note. Based in Roxboro within North Carolina’s “Research Triangle,” OBX specializes in legal cannabinoid ingredient production and serves as a one-stop formulation and finished goods manufacturer, simplifying its clients’ supply...

SANTA CRUZ, Calif. -- Jane Technologies, Inc. ("Jane"), a leading e-commerce provider, today announced Jane Gold, a first-of-its-kind consumer rewards program built to benefit the entire industry ecosystem. This patented technology allows cannabis brands that cannot ship direct-to-consumer the ability to provide exclusive cash-back rewards to consumers across Jane's dispensary partner network. Jane Gold makes getting cash back on cannabis purchases...

TORONTO - MediPharm Labs Corp., a pharmaceutical company specialized in precision-based cannabinoids, today announced its financial results for the full year and three months ended December 31, 2023. Select Highlights 2023 full year revenue increased approximately 50% to $33M versus prior year of $22M. 2023 full year Adjusted EBITDA(1) improved 50% to negative $10M in 2023 from negative $21M in 2022. Q4 2023 gross...

TORONTO -- Organigram Holdings Inc. has entered into an underwriting agreement with ATB Securities Inc., as lead underwriter, on behalf of itself and a syndicate of underwriters to sell 7,740,000 Units at a price of C$3.23 per Unit for total gross proceeds of approximately C$25 million. The Company has granted the underwriters an over-allotment option exercisable, in whole or in...

MONTREAL - The Good Shroom Co Inc., an emerging player in the Canadian cannabis industry which owns and operates a portfolio of brands that include cannabis products and wellness beverages, announces its financial results for the quarter ended January 31, 2024. Readers are encouraged to review the financial statements and the accompanying Management's Discussion and Analysis available at www.sedar.com. FINANCIAL HIGHLIGHTS The Company...