Canadian cannabis firm Cronos Group reported a gross loss of nearly $20.4 million for the fourth quarter ending Dec. 31, 2019, widening from a restated gross loss of $14.8 million (CA$21 million) in the previous quarter. The Toronto-based company has begun reporting its quarterly results in U.S. dollars. For all ofContinue Reading
Multistate marijuana operator 4Front Ventures on Monday said it has slashed its corporate workforce by almost 40% and cut the number of employees at its recreational and medical cannabis stores by almost 45%. The company did not release the number of employees who lost their jobs. The cuts, which tookContinue Reading
Columbia Care, a New York-based multistate marijuana operator, said it will start trading on the Canadian Securities Exchange on Tuesday. The company also said it will maintain its listing on Toronto’s NEO exchange, where it trades as CCHW. Columbia Care will have the same ticker symbol on the CSE. The dualContinue Reading
The application deadline for a number of Illinois’ recreational cannabis business permits has been extended by a month during the coronavirus crisis. According to the Chicago Sun-Times, Democratic Gov. J.B. Pritzker signed an executive order extending the license application deadline from March 30 to April 30 for: 40 cannabis infusers that manufactureContinue Reading
The two species practiced ‘mutualistic coevolution,’ each helping the other thrive and spread across the planet. The post How cannabis and humans evolved together appeared first on Leafly. Read More: How cannabis and humans evolved togetherContinue Reading
The U.S. Hemp Roundtable champions advocacy and education- values that CBD American Shaman can get behind. Learn how this CBD producer is helping to improve the industry from the inside out. The post How the U.S. Hemp Roundtable and CBD American Shaman are preparing hemp for the long haul appearedContinue Reading
Massachusetts Gov. Charlie Baker received requests from two different groups to reverse a decision and declare recreational cannabis businesses as “essential” and, thus, allow adult-use companies to remain open during the coronavirus crisis. The Republican governor heard from: A diverse group, including regulators and doctors, that argued permitting adult-use cannabis sales wouldContinue Reading
Nothing cannabis-related in the last 10 years found its way into our hearts, blunts and closets quite like Cookies. Even in the earliest days of transition from the medical space to the adult-use marketplace, Cookies was the most well-branded company in the cannabis industry. Today, in a world where PRContinue Reading
Financially struggling MedMen Enterprises has retained a management advisory firm to help it restructure. The Los Angeles-based company also tapped two executives from the firm, SierraConstellation Partners (SCP), to serve as MedMen’s interim CEO and chief operating officer. The multistate marijuana operator said in a news release it hired SCP onContinue Reading
Alberta’s licensed cannabis stores and producers can remain open during the COVID-19 pandemic, the Canadian province’s government said. The regulated businesses were included on the province’s list of “essential services,” along with alcohol producers and stores. Businesses on the essential list “can continue to provide services at locations accessible toContinue Reading
