The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. This update is our first since  mid-May, when we reviewed the unexciting Q1 reports. Tracker Rules This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay up to date. Companies ..read more

Statistics Canada released May retail sales for the country, with cannabis sales increasing from the April levels, up 5.8% to C$434.5 million. On a per-day basis, sales sales rose 2.4%. April was revised much lower to C$410.5 million. The sales were up just 4.5% from a year ago. This was down from the 19.8% August growth rate ..read more

Michigan cannabis sales for June fell sequentially decreased 0.3% from April. At $278.8 million, sales, which were up from May on a per-day basis, were up 6.9% from a year earlier, the slowest annual growth in over two years: The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 78.4% from ..read more

Ascend Wellness Holdings Signs Definitive Agreements to Issue $235 Million of Senior Secured Notes ~ Secures funding with 12.75% coupon and a 5-year term ~ ~ Net Proceeds to refinance existing Term Loan ~ NEW YORK, July 15, 2024 /PRNewswire/ – Ascend Wellness Holdings, Inc. (“AWH,” “Ascend” or the “Company”) (CSE: AAWH-U.CN) (OTCQX: AAWH), a ..read more

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 no longer send these by email as we did in ..read more

Business for Sale PricewaterhouseCoopers Inc., LIT, in its capacity as the court-appointed monitor (the “Monitor”) of: Indiva Limited, Indiva Amalco Ltd., Indiva Inc., Vieva Canada Limited and 2639177 Ontario Inc. (collectively, “Indiva” or the “Company”) is launching a Court-approved sale process (“Sale Process”) for the purpose of soliciting interest in and opportunities for a sale of ..read more

Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the state’s medical cannabis 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 unit sales each ..read more

New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 13 states. We are happy with the improved reporting time made by BDSA, as we are now able to share June results. A month ago, we shared April results. Cannabis sales increased 1.9% sequentially in May after plunging in January ..read more

Illinois adult-use cannabis sales in June were down 3.1% sequentially to a  $141.8 million, which was about the same on a per-day basis from the longer May. The gain was 3.9% from a year ago, the slowest growth since last July: After increasing 106% in 2021, 13% in 2022 and then 5% in 2023, year-to-date adult-use sales are ..read more

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 no longer send these by email as we did in ..read more