hemp latest news

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 »

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 »

TransCanna Recives $15 Million Loan Through Pelorus Equity Group

Pelorus Equity Group closed on a $15.8 million debt financing agreement with TransCanna Holdings Inc. The company said in a statement that the proceeds would be used to refinance and develop TransCanna’s California facility, as well as for construction costs, and the payment of interest on existing debt. TransCanna was founded by industry pioneer and advocate Bob Blink – …

TransCanna Recives $15 Million Loan Through Pelorus Equity Group Read More »

Alexandria Ocasio-Cortez Gets behind Psychedelic Conducts for Vets

In yet another indication that lawmakers are continuing to step up their interest in psychedelics, Miriam Delphin-Rittmon, the assistant secretary for Mental Health and Substance Use, sent a letter to U.S. Rep. Madeleine Dean (D-PA) in May, saying that the Substance Abuse and Mental Health Services Administration (SAMHSA), a branch of the U.S. Department of Health and …

Alexandria Ocasio-Cortez Gets behind Psychedelic Conducts for Vets Read More »

SOL Global See Heavy Losses, Contracts Cannabis Holdings

After the markets closed on Friday, SOL Global Investments Corp. (CSE: SOL) (OTCPK: SOLCF) posted colossal losses as it continues to search for stability amid new changes in leadership. The company released the findings in its unaudited financial report card for the second quarter ending May 31, 2022. The company recorded a net loss of $128.7 million versus the same …

SOL Global See Heavy Losses, Contracts Cannabis Holdings Read More »