Veshal

Curaleaf Beats Revenue, Compelled by Jersey Sales

Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) posted positive results on Monday — driven by new retail store openings in key emerging states and the green light for adult use in New Jersey. The company reported its financial results for the second quarter ending June 30, 2022. For the key metric of total revenue, Curaleaf beat expectations as it …

Curaleaf Beats Revenue, Compelled by Jersey Sales Read More »

Delta-8 THC Hemp Products Are Permissible In Kentucky, Judge Approves

A Kentucky judge has sided with the state hemp industry over law enforcement, ruling that products containing delta-8 THC derived from hemp are legal, a hemp trade association said in a news release. The Kentucky Hemp Association – which sued the state over the issue a year ago – celebrated the ruling as “a huge win for farmers …

Delta-8 THC Hemp Products Are Permissible In Kentucky, Judge Approves Read More »

Canopy Growth Smashes Huge Setback, Due to Cash Burn

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) slid in early trading on Friday after the company said it lost over C$2 billion in the second quarter– as falling margins and weak sales continue to plague the industry. The company announced its financial results for the first quarter ending June 30, 2022 The Smiths Falls, Ontario-based cannabis company delivered total …

Canopy Growth Smashes Huge Setback, Due to Cash Burn Read More »

GRN Assets to Become Marijuana Inc. in Key Reform

GRN Holdings Corporation, Inc. (OTC Pink: GRNF) will become known as Marijuana Inc. from now on, pending approval. The company also announced new changes in management and its business model as well as a corporate restructuring. The company said it amended articles with the Secretary of State of Delaware and a related Financial Industry Regulatory Authority (FINRA) corporate …

GRN Assets to Become Marijuana Inc. in Key Reform Read More »

Innovative Industries Scrambles to Revenue Gains, Beats out Growth

Innovative Industrial Properties, Inc. (NYSE: IIPR) posted positive results as it continues to inject capital into the cannabis real estate landscape. The real estate trust released results for the second quarter ending June 30, 2022. The company saw $70.5 million in total revenue this quarter, a 44% gain from $48.9 million for the same quarter last year. The …

Innovative Industries Scrambles to Revenue Gains, Beats out Growth Read More »

CBD Company Remits to Pay out Eastwood $2 Million

A California-based CBD company was ordered by a judge to pay actor Clint Eastwood $2,029,245.07 on August 2, 2022 according to a report by Law360. The company Garrapata, LLC  filed a Complaint against Norok Innovation, Inc. and Eric Popowicz and others alleging trademark infringement. Garrapata holds all trademarks related to Mr. Eastwood and Mr. Eastwood’s name …

CBD Company Remits to Pay out Eastwood $2 Million Read More »

Braxia Buys KetaMD in Deal Treasured at $6.2 Million

Braxia Scientific Corp. (CSE: BRAX) (OTC: BRAXF), acquired KetaMD, Inc. in a bid to expand ketamine-based psychedelic treatment for depression and other mental health challenges. The overall value of the deal is $6.2 million in a combination of common shares and convertible notes. KetaMD was founded by psychedelic pioneers Zappy Zapolin and Warren Gumpel, along with mindfulness instructor …

Braxia Buys KetaMD in Deal Treasured at $6.2 Million Read More »

Red White & Bloom Ekes Out of Obligation, Streamlines Expenditure

Red White & Bloom Brands Inc. (CSE: RWB)(OTC: RWBYF) delivered its fourth-quarter and full-year earnings report, as well as its first-quarter report. The news comes after the company postponed the release in May due to multiple delays in their year-end audit. All figures are in Canadian dollars. First Quarter RWB said that revenue for the first quarter this …

Red White & Bloom Ekes Out of Obligation, Streamlines Expenditure Read More »

Audacious Sketches Northeast Strategy as Profits Upsurge

Australis Capital Inc. (CSE:AUSA) (OTCQB: AUSAF) also known as Audacious reported its unaudited results for its fiscal year ending March 31, 2022 on Tuesday. Australis said that revenues increased by over 1,200% to nearly $9.5 million. the company attributed the increase to a full year of ALPS revenue consolidated (51% of ALPS acquired on March 8, 2021), as …

Audacious Sketches Northeast Strategy as Profits Upsurge Read More »

Germany Windups Cannabinoid Medication for Insomnia

Zelira Therapeutics Ltd (ASX: ZLD,OTC-QB: ZLDAF), recieved formal approval from German regulatory authority BfArM to launch in the German medical cannabis market for its new insomnia medication Zenivol. Zenivol is the first clinically validated, pharmaceutical-grade, cannabis-based sleep medication. Zenivol’s clinical research achieved the highest level of scientific review when it was peer reviewed in the Journal of Sleep — available by …

Germany Windups Cannabinoid Medication for Insomnia Read More »