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  • MedMen’s Revenues Increase, But So Do Net Losses

    39m By Debra Borchardt
    MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) released its consolidated financial results for its fourth quarter of 2021 and for the fiscal year ending June 26, 2021.  MedMen had revenue of $42 million for the fourth quarter, up 55.4% year-over-year and…
  • Crain Communications Buys Green Market Report

    9:29am By Staff
    Crain Communications has acquired the cannabis financial news website Green Market Report. Green Market Report was launched in 2017 by co-founders Debra Borchardt, a  financial journalist and former Wall Street executive, Cynthia Salarizadeh, a seasoned…
  • Cresco Labs Buys Cure Penn In $90 Million Deal

    8:27am By Staff
    Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) is buying Bay, LLC better known as Cure Pennsylvania in a deal valued at $90 million. The cash and stock acquisition is expected to close in the fourth quarter. The acquisition includes three operational Cure Penn…
  • Instagram Pushing Cannabis Brands To Influencers

    8:12am By Julie Aitcheson
    The power of the social media influencer has evolved from a curiosity of internet culture to a fixture of the modern-day marketplace, and one that brands across sectors ignore at their peril. Brands that are having their social media pages deleted for content…
  • Daily Cannabis Hit: September 21, 2021

    Tue 5:02pm By Staff
    It’s time for your Daily Hit of cannabis financial news for September 21, 2021. On the Site SEC The Securities and Exchange Commission (SEC)  filed charges against three individuals and one issuer on a crowdfunding scheme for two cannabis companies that…
  • Michigan’s Skymint Buys 3Fifteen Cannabis

    Tue 11:34am By Staff
    Michigan-based SKYMINT, is buying 3Fifteen Cannabis and also closing its $70 million Senior Secured Term Loan from Tropics LP, an affiliate of SunStream Bancorp Inc., a joint venture initiative sponsored by Sundial Growers Inc. (Nasdaq: SNDL), and its $8…
  • New Report Says Medical Cannabis Consumers Spend More

    Tue 7:30am By Julie Aitcheson
    Cannabis data and analytics specialist Headset just released its latest report comparing US medical and recreational cannabis market development, bearing results that reveal sales patterns and unifying trends across the industry.  The report’s findings are…
  • Stifel Has Negative Outlook On Canadian Cannabis

    Mon 10:45am By Debra Borchardt
    Stifel analysts W. Andrew Carter, Christopher Growe, and Matthew Smith issued a huge report September 2021 report updating investors on their outlook for the cannabis industry. The group lowered estimates and price targets on several companies. The group also…
  • Innovative Industrial Properties Buys Calyx Missouri Building

    Mon 9:20am By Debra Borchardt
    Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) paid $1.35 million for a property in Missouri and entered into a long-term lease with CPC of Missouri – Smithville, LLC (CPC), a subsidiary of Calyx Peak, Inc. (Calyx). CPC is expected to construct…
  • Stem Buys Artifact Extracts, Two Dispensaries For $2.9 Million

    Mon 9:03am By Staff
    Stem Holdings, Inc., also known as Driven by Stem (OTCQX: STMH) (CSE: STEM), is buying an Oregon-based extraction company called Artifact Extracts and two dispensaries. The deal is valued at $2.9 million and closed last week on September 17th. The acquisition…

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