Marijuana Stocks & Publicly Traded Cannabis Companies

Shareholders sue Canadian cannabis grower Sundial

Canadian marijuana company Sundial is facing two class action lawsuits filed in the United States by shareholders over hundreds of pounds of alleged “un-sellable” cannabis. The latest suit charged that the company failed to disclose that one client, Vancouver, British Columbia-based Zenabis Global, returned more than 1,200 pounds of marijuana worth $1.9 million (2.5 million […]

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Cresco Labs growing jobs in Illinois as adult-use marijuana looms

Chicago-based Cresco Labs is more than doubling its workforce in Illinois as the multistate operator prepares for the Jan. 1 launch of recreational cannabis sales in the state. The company, expected to close its acquisition of Canada-based distributor Origin House by Nov. 15, said it is hiring more than 300 people in its home state […]

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Medicine Man Technologies looks beyond Colorado after nearly $300M buying spree

Medicine Man Technologies is undergoing a growth spurt of historic proportions, including visions for national and even international expansion that are a long way from the company’s humble beginnings. At the beginning of this year, the Denver-based company was largely a cannabis consulting company with annual revenues of less than $10 million. Now, after an […]

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Curaleaf amends Cura Partners marijuana deal; antitrust hurdle cleared

Curaleaf, a Massachusetts-based, multistate cannabis operator, is amending the terms of its pending acquisition of Cura Partners because of changing market conditions. Curaleaf, which initially announced the proposed deal in May for an estimated price of almost $1 billion, will now issue 55 million of its shares instead of the original?95.6 million shares in the […]

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CEO Berman leaves cannabis firm Harborside; board chair picked as interim

One of the most well-known and longest-operating cannabis dispensary owners in the nation, California-based Harborside, announced Monday that its CEO has stepped down and a new interim chief executive officer was appointed. Andrew Berman, who has served as CEO, president and board member since January 2018, relinquished the reins of the Oakland, California-based company, effective […]

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Hexo slashes workforce by 200 amid lower marijuana revenue expectations

Troubled Canadian cannabis company Hexo, which this week postponed the release of financial results amid lower revenue expectations, said it is cutting about 200 jobs across multiple locations and divisions. The cuts represent approximately 20% of the Quebec-based company’s workforce and include the elimination of some executive positions and the departures of Arno Groll, chief […]

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Green Growth Brands loses $64 million amid marijuana dispensary delays

Ohio-based CBD and cannabis?company Green Growth Brands recorded a loss of more than $64 million for its fiscal year as it faced higher-than-expected capital expenditures and delays in building out its Nevada dispensaries. The company did not list its results from the previous year – it became a publicly traded company in January. Green Growth […]

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Antitrust cloud lifting on cannabis M&A deals, but will some be renegotiated – or even abandoned?

The antitrust cloud hanging over several large mergers and acquisitions in the U.S. marijuana industry appears to be lifting, but its effects continue to linger and could remain a factor if the deals ultimately are renegotiated or even scrapped in a difficult funding environment. In recent weeks, a number of marijuana companies have announced that […]

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CEO of DionyMed cannabis company leaves amid possible default

Toronto-based DionyMed, a multistate marijuana brands operator, is under pressure after key executives stepped down amid a possible credit default. CEO Edward Fields and Mark Zinselmeier, the chief operating officer, resigned from the company, which has businesses in states including California and Nevada. DionyMed received a notice of default under an existing credit agreement demanding […]

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Ontario marijuana company Aphria reports another profitable quarter

Canadian cannabis producer Aphria said it earned 16.4 million Canadian dollars ($12.1 million) in net income in its latest quarter, a 28% decrease from a CA$21.2 million net income the Ontario company recorded in the same quarter last year. It was Aphria’s second consecutive profitable quarter, and the results sent the company’s stock up sharply. […]

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Will Illinois change the social equity landscape for the marijuana industry?

Illinois?is set to open recreational cannabis dispensaries Jan. 1 after becoming the first state in the nation to officially legalize adult-use marijuana via its Legislature in June – and the marijuana industry will be watching carefully for several reasons, including the program’s significant social equity component. Industry sources say Illinois’ marijuana companies are at the […]

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