Business Cannabis legalization spikes banking in US states, study shows Despite uncertainty around federal prosecution, banking activity has steadily increased in states with adult-use cannabis laws Nick LabaFebruary 14, 2022
Business PharmaCielo to supply Germany with cannabis products from Colombia The products are set for wide distribution through the country's pharmacy network Natalia Buendia CalvilloFebruary 14, 2022
Business MedMen’s chief revenue officer resigns No explanation has yet been given for the move Nick LabaFebruary 14, 2022
Business Flat sales, $75M net loss for Aurora in Q2 With adult-use sales halved from a year ago, the large majority of the firm's sales now come from international medical markets Nick LabaFebruary 10, 2022
Business Valens ships first orders from Ontario facility It also revealed an expanded deal with an unnamed licensed producer Natalia Buendia CalvilloFebruary 10, 2022
Business Neptune reports Q3 revenue up 17% to $18.4M, net loss of $21M Taking a recent majority stake in a baby food maker, Neptune joins other pot firms expanding broadly into different CPG categories Nick LabaFebruary 10, 2022
Business Hexo slashing 180 jobs to save $15M annually The firm had said it plans to cut SG&A expenses by 30% by the end of fiscal 2023 Kathryn TindaleFebruary 9, 2022
Business Canopy’s recreational pot sales drop 18% in Q3 But sales for the firm's BioSteel sports drinks and Storz & Bickel vaporizers have been rising Nick LabaFebruary 9, 2022
Beverages Tilray’s Sweetwater Brewing expands distribution in California The distribution agreement puts craft beers in restaurants, bars, grocery chains and liquor stores across the Golden State Kathryn TindaleFebruary 9, 2022
Business Israel-based InterCure previews record sales of $31M The firm says it commands 30% of the country's medical cannabis market Nick LabaFebruary 8, 2022