Flower One Experiences Setbacks Due to Falling Revenue Cash Crunch
It was near midnight on Monday when Flower One Holdings Inc. (CSE: FONE) (OTCQB: FLOOF) posted results that missed expectations. The company is reeling from consecutive periods of revenue drop amid financing concerns. The Nevada-based cannabis cultivator and producer released its financial report card for the second quarter of June 30, 2022. The company reported revenue of $7.9 million […]
Green Organic Dutchman Reports Highest Quarter even though faces Net Loss
Increased revenue and an expanding footprint are needed to avoid another quarterly loss. International cannabis company The Green Organic Dutchman Holdings (CSE: TGOD, OTC: TGODF) announced a “record” quarter for the second quarter of 2022, based on increasing revenues and an expanding footprint, but the company also posted a net loss of $6.8 million. TGOD […]
New Jersey Presents Administrative Cannabis Commerce Bill
NEW JERSEY – State Senate President Nicholas Scutari (D-NJ) filed a new bill to allow for interstate cannabis commerce with other legal medical and adult-use states. The aspirational bill is the latest move in a growing campaign to permit the transportation of cannabis products across state borders, contingent on changes in federal law. The New Jersey state senator […]
Why Cannabis Brands Require to Go Digital
Cannabis companies work incredibly hard to cultivate their particular branding, voice, and culture around their products. Communicating their brand effectively and authentically is a challenge in this current market. The most critical need for cannabis companies today is the tools to express their brand directly to consumers through multiple effective channels. In cannabis, communicating with your […]
2 Major Marijuana Stocks That May Be Your Ultimate Go To Bet
2 Canadian Marijuana Stocks For Your 2022 Watchlist Top Canadian Marijuana Stocks To Watch In The Market Today? During August, marijuana stock investors saw an increase in volatile trading. Much of this market behaviour from marijuana stocks is based on investors’ speculation. Now, the overall growth and success of the cannabis industry are being tracked by many cannabis […]
Pennsylvania Health Department Ignores to Vapes Ban Appeal
The Pennsylvania Department of Health withdrew its appeal to recall vape products after a half-year pushback from advocacy networks. The Pennsylvania Department of Health withdrew its appeal to the Supreme Court of Pennsylvania to recall various vaporized medical cannabis products after a half-year pushback from the advocacy network Medical Marijuana Access and Patient Safety. The retraction on […]
Greenrose Losses Upsurge Amid Swarming Supply Side
Greenrose Holding Company Inc. (OTC: GNRS, GNRSW) posted increasing losses for the consecutive quarter as its cultivators navigated demand headwinds. The multi-state cannabis SPAC (particular purpose acquisition company) reported its second-quarter financials ending June 30, 2022. While Greenrose reported approximately $9.2 million in rising revenue during the period, the Company’s second-quarter net losses totalled $10.3 million, down 132% sequentially compared to a […]
Best Marijuana Shares to Watch
Could These Pot Stocks Continue An Uptrend Next Week? Best Cannabis Stocks With Upside This Month Are the best marijuana stocks currently on your watchlist? After it became known that Schumer had formally proposed the CAOA in the Senate, some of the top cannabis stocks to watch saw a price rise. August may see continued growth for […]
Headwinds Leads Cannabis Brands to Adjust Finances
Economic headwinds in the industry are causing cannabis companies to make changes to their financing strategies. The news comes as cannabis capital raises have been down 63.1% so far this year despite the M&A movement soaring, according to a report by Viridian Capital Advisors. The cash crunch illustrates the rising stakes for those vying to survive in a tightening landscape. Agrify (Nasdaq: […]