ILLINOIS: Cresco Labs, one of the largest vertically integrated multi-state cannabis operators in the United States, today released its unaudited financial results for the second quarter ended June 30, 2019. All financial information presented in this release is in U.S. dollars, unless otherwise noted. Second Quarter 2019 Highlights and Subsequent Events Revenue Second quarter revenue of $29.9 Read the full article…
CANADA: Tilray, a global pioneer in cannabis research, cultivation, production and distribution, today announced it has entered into an agreement with Cannamedical Pharma GmbH (“Cannamedical”) through its wholly-owned subsidiary Tilray Portugal Unipessoal Lda. (“Tilray Portugal”), to export a wholesale shipment of $3.3 (€3) million worth of medical cannabis from Portugal to Germany. The shipment, which is Read the full article…
WASHINGTON: Leafly, the world’s leading destination to help people discover, find and buy cannabis, today announced the hiring of Kirk Beardsley, an accomplished Fortune 500 retail executive, to the role of Chief Operating Officer. As COO, Beardsley will lead sales, marketing, and business innovation for Leafly. “Kirk’s track record of helping some of the world’s leading Read the full article…
MASSACHUSETTS: Cannapreneur Partners, the Westborough, Mass-based holding company finding the cannabis world’s 1% outlier entrepreneurs and industry investment opportunities currently in the middle of a $150 million fundraise round open to investors, has announced the appointment of Doug Lennick to their Executive Board of Directors. Lennick is world-renowned for innovative approaches to developing high performance in Read the full article…
CANADA: Tilray, a global pioneer in cannabis research, cultivation, production and distribution, today reported financial results for the second quarter ended June 30, 2019. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated. “We are pleased with our second quarter results and strong business momentum,” said Brendan Kennedy, Read the full article…
By Eric Weisbrot The cannabis business landscape has come into the limelight over the last several years, with some states making historic moves to legalize its production, distribution, and consumption. However, many eager cannabis entrepreneurs and prospective business owners still face an uphill battle. The federal stance on cannabis makes any activities surrounding the drug illegal, Read the full article…
CANADA: Alternate Health Corp., an international leader in CBD extraction, product development and distribution, has announced that the company generated $1.9 million in Q2 revenue. “Alternate Health’s Q2 results represent just the beginning of our new strategic direction as we focus exclusively on the hemp-derived CBD industry and, especially, product development and distribution,” says Howard Read the full article…
CALIFORNIA: BANGI, INC, a diversified investment vehicle that acquires and leases specialized real estate assets in the cannabis, hemp and CBD industries, today announced the appointment of Dr. Mathew Knowles to the newly created position of Chief Marketing Officer (CMO), effective immediately. Founder of Destiny’s Child, Dr. Mathew Knowles, is an author, professor, public speaker, entrepreneur, music executive, artist manager and founder of Music World Read the full article…
The demand for legal marijuana is continuously increasing and consumers are always in search of cannabis online shops. The legal market for cannabis is found mainly in North America and but more and more countries have allowed some form of cannabis products. Reliable suppliers of legal marijuana products of cannabis flowers, edibles, and CBD Oils are Read the full article…
By Brandon A. Dorfman @BADorfman “I got into the [cannabis] industry because I was trying to grow plants to save my life,” Mike West told me over the phone recently. A farmer, researcher, and entrepreneur, West has an encyclopedic knowledge of cannabis that’s matched only by his passion for helping people. “Nothing that the government’s Read the full article…