Curaleaf Closes Canadian LP Acquisition for Initial $16 Million in Stock
New Cannabis Ventures
by NCV Newswire
19h ago
Curaleaf Completes Acquisition of Northern Green Canada Bolsters Company’s Advantage in Several Key Emerging Markets, including Australia, New Zealand, Germany, Poland and the United Kingdom NEW YORK, April 22, 2024 /PRNewswire/ — Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer cannabis products, announced today the closing ..read more
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Canada Is Down Not Out
New Cannabis Ventures
by Alan Brochstein, CFA
3d ago
You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We post this and all of the newsletters on our website ..read more
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Illinois Cannabis Sales Pick Up But Remain Slow
New Cannabis Ventures
by Alan Brochstein, CFA
5d ago
Illinois adult-use cannabis sales in March were up 9.8% sequentially to a  $148.9 million, which was up by more than the increase in the length of the month. The gain was 10.4% from a year ago: After increasing 106% in 2021, 13% in 2022 and then 5% in 2023, year-to-date adult-use sales are up 9.1% in 2024 to ..read more
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Florida Medical Cannabis Patient Growth Slows Again
New Cannabis Ventures
by Alan Brochstein, CFA
1w ago
Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the program, including an active patient count, a qualified physician count, new approvals and an update for each dispensary. That data includes the number of dispensaries and the weight of sales each week. This ..read more
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Michigan Cannabis Sales Surge
New Cannabis Ventures
by Alan Brochstein, CFA
1w ago
Michigan cannabis sales for March were up sequentially after rising in February. At $288.8 million, sales rose 10.6% sequentially and were a new record level. The sequential growth on a per-day basis was 3.5%. They were up 15.7% from a year earlier: The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales ..read more
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You Can’t Count on Congress
New Cannabis Ventures
by Alan Brochstein, CFA
1w ago
You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We post this and all of the newsletters on our website ..read more
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Tilray Q3 Cannabis Revenue Falls 5% Sequentially Again
New Cannabis Ventures
by NCV Newswire
2w ago
Tilray Brands, Inc. Reports Q3 Fiscal 2024 Financial Results Achieved Net Revenue of $188 Million, ~ 30% Net Revenue Growth Over the Prior Year Quarter Beverage-Alcohol Net Revenue Increases 165% Over the Prior Year Quarter, 5th Largest Craft Beer Brewer in the U.S.1 with 4.5% Craft Beer Market Share Global Cannabis Net Revenue Increases 33 ..read more
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The Delisting Risk
New Cannabis Ventures
by Alan Brochstein, CFA
2w ago
You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We post this and all of the newsletters on our website ..read more
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Cannabis Sales Remain Slow
New Cannabis Ventures
by Alan Brochstein, CFA
2w ago
New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 11 states. Cannabis sales increased 1.7% sequentially in February after plunging in January, according to cannabis data analytics firm BDSA. With two fewer days, the growth on a per-day basis was 8.7%. In this review, we share the results by ..read more
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Imperial Brands Sticks with Auxly but Takes Big Hit
New Cannabis Ventures
by NCV Newswire
3w ago
AUXLY ANNOUNCES COMPLETION OF CONVERSION OF OVER $123 MILLION OF PRINCIPAL AND INTEREST UNDER IMPERIAL DEBENTURE Imperial Brands plc converts over $123 million in total debt to shares resulting in 19.8% ownership TORONTO, April 1, 2024 /PRNewswire/ – Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) (“Auxly” or the “Company”) a leading consumer packaged goods ..read more
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