Day: August 11, 2020

On:

Illinois-based Green Thumb Industries (GTI) suffered a temporary setback in its effort to win a medical marijuana license in Arkansas when a judge denied the multistate operator’s request for a preliminary injunction to stop the issuance of a permit to another business. Pulaski County Circuit Judge Mary McGowan previously hadContinue Reading

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Nanaimo, British Columbia-based Tilray halved its net loss to $81.7 million for the second quarter ended June 30, a substantial improvement over the previous quarter’s $184.1 million deficit. However, the cannabis producer reported lower sequential revenue in most of its important categories. Tilray reports in U.S. dollars. Overall revenue forContinue Reading

On:

Multistate marijuana operator Jushi Holdings completed its acquisition of Vireo Health International’s cultivation and processing operations in Pennsylvania for $37 million as Jushi looks to maximize its footprint in the state’s fast-growing medical cannabis market. To fund the purchase of Pennsylvania Medical Solutions, which included $16.3 million in cash, Florida-basedContinue Reading

On:

Canopy Growth’s chief executive earned 1,042 times more than the median compensation for the cannabis producer’s other employees in fiscal 2020. The partial-year compensation for CEO David Klein was about $33.8 million (CA$45 million), including salary, bonus, stock options and other compensation, the Smiths Falls, Ontario-based company disclosed in itsContinue Reading

On:

Employees at a cannabis cultivation operation in Massachusetts voted on Tuesday to join the United Food and Commercial Workers Union, the latest victory for organized labor in the cannabis industry. According to a news release from the UFCW, workers at Cultivate Holdings in Leicester voted by an “overwhelming majority” toContinue Reading

On:

California set a marijuana sales record of $348 million in July, the biggest month since the 2018 rollout of the state’s legal market. That sales figure comes from Headset, a marijuana data tracking firm based in Seattle. Before July, the biggest cannabis sales month in California came in March, whenContinue Reading