Day: August 6, 2020 (Page 2)

On:

Toronto-based cannabis company Cronos Group reported an adjusted operating loss of $31.3 million for its second quarter, along with $40 million worth of coronavirus-related impairment charges on its U.S. operations. Net revenue for the quarter ended June 30 was $9.9 million, a 17.9% increase over the previous quarter. Cronos reportsContinue Reading

On:

Marijuana multistate operator Parallel will provide $3 million in grants to the University of Pittsburgh to research medical cannabis under a 10-year agreement. The partnership is the eighth and final of such alliances permitted under Pennsylvania’s medical marijuana rules. Under the program, the MMJ businesses grow, process and supply marijuanaContinue Reading