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Things certainly did not go as expected in 2019 for the cannabis industry. It was expected to be a year of breakthroughs, with growth in Canadian recreational weed sales and additional U.S. legalizations pushing the broader industry toward profitability. But by year's end, the vast majority of ...
Back in April 2019, Canopy Growth (NYSE: CGC) reached an agreement to acquire Acreage Holdings (OTC: ACRGF) for $3.4 billion. However, this deal came with a major caveat: The transaction will take place only if marijuana becomes legal at the federal level in the U.S. The acquisition pric...
NEW YORK, Jan. 27, 2020 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0ZV) will host a conference call on February 26, 2020 at 8:30 a.m. EST to discuss Acreage’s fourth quarter and full year 2019 results, which will be release...
A bellwether state for marijuana legalization is showing some encouraging effects of a liberalized regime. According to a report in that state's Bend Bulletin newspaper, citing data sourced from regulator the Oregon Liquor Control Commission, total revenue from in-state dispensaries increased ...
Marijuana businesses in the Denver, Colorado area have serious concerns about thieves targeting dispensaries. In 2019, 122 burglaries and five robberies were reported, which is up from the prior year that had 120 burglaries but only one robbery. In 2017, there were just 83 burglaries, half the...
The U.S. cannabis industry is one of the fastest-growing and has already produced some of the largest cannabis companies in the world. The industry is evolving fast and it is important to diversify and focus on only the high-quality names. Given the nascent nature of the U.S. cannabis sector, ...
Editors' Note: This is the transcript version of the podcast we published Wednesday with Debra Borchardt. We hope you enjoy it. Listen on the go! Subscribe to The Cannabis Investing Podcast on Apple Podcasts , Google Podcasts , Spotify , and Stitcher ....
Pot stocks have struggled over the past year but that could change in 2020. With marijuana bills in the works that could loosen up some of the laws surrounding the cannabis industry, this year could be a much stronger one for pot stocks. The upcoming federal election may have an even bigger effe...
Listen on the go! Subscribe to The Cannabis Investing Podcast on Apple Podcasts , Google Podcasts , Spotify , and Stitcher . By Rena Sherbill Today, I am happy to be joined again by Debra Borchardt . Debra is the CEO, Co-founder, and Editor-in-Chie...
Canopy Growth (NYSE: CGC) trades at a $7 billion market cap and, despite shedding half of its value over the past six months, the stock is still an expensive buy. The stock will likely recover if marijuana becomes legal in the U.S. and the company can finally enter the market through it...
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Consolidated revenue grew 84% to $58.1 million in the fourth quarter and 65% to $188.9 million for the full year Full year gross margin increased to 51% Achieved positive Adjusted EBITDA through fiscal 2021, an improvement of $54.1 million over 2020 ...
NEW YORK, March 08, 2022 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.A.U, ACRG.B.U), (OTC: ACRHF, ACRDF) , a multi-state operator of cannabis cultivation and retailing facilities in the U.S., today announced a licensing agreement w...
NEW YORK, March 04, 2022 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF) , a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today anno...