California Marijuana

HERZLIYA, Israel, and CALGARY, Alberta  — Innocan Pharma Corporation (CSE: INNO) (FSE: IP4) (OTC: INNPF), a pharmaceutical technology company focusing on developing innovative drug delivery platform technologies and owner of a proprietary intellectual property portfolio, is pleased to announce its financial results for the three and nine months period ended September 30, 2023. “We are thrilled with the significant growth we achieved in the third quarter,” says Iris Bincovich, CEO of Innocan. “Our strategic focus on the midterm-goal of FDA approvals for our LPT-CBD-loaded liposome platform, alongside the robust sales from our subsidiary, B.I. Sky Global Ltd., have significantly contributed to this increase in both revenue and gross profit. We remain committed to our vision and are optimistic about the future.” Financial highlights for the third quarter of 2023 Revenue: The Company posted US$4.083M in revenue for the three months ended September 30, 2023, marking an increase of U...

MONTREAL  – The Good Shroom Co Inc. (TSXV: MUSH), an emerging player in the Canadian cannabis industry which owns and operates a portfolio of brands that include cannabis products and wellness beverages, announces its financial results for the year ended July 31, 2023.  Readers should review the financial statements and the accompanying Management’s Discussion and Analysis available at www.sedar.com. FINANCIAL HIGHLIGHTS The Company achieved robust revenue growth with sales of $4,060,359, a 266% increase from the prior year of $1,522,134. A gross profit $665,115 was recorded, a significant increase from the prior year of $228,638. The net loss of $452,140 is mainly attributed to the accumulated losses of Q1/Q2 2023. 97% of revenue was generated through cannabis products, as most of it’s resources have been geared towards this division and sales for wellness beverages of $184,674 remained flat compared to $192,307 for 2022. Profitability achieved in Q3-2023, continue...

NEW YORK  — Boxing champion Mike Tyson and global brand house CarmaHold Co today announced a New York partnership with cultivator Hudson Cannabis. “As a native New Yorker myself, I’m thrilled to bring Tyson 2.0 to my hometown,” said Tyson. “This brand represents a culmination of my personal journey towards holistic wellbeing and my belief in the power of cannabis to promote a balanced lifestyle.” Hudson Cannabis is equally enthusiastic about this partnership. “I am honored to welcome Tyson into our family of New York brands. It’s a partnership that goes beyond business,” said Melany Dobson, CEO of Hudson Cannabis. “There is a shared commitment to excellence, to the relentless pursuit of the highest standards in New York cannabis, and to the spirit and determination of New Yorkers.” Through this partnership, Tyson 2.0 will offer a range of products including flower, pre-rolls, extracts, and edibles. Tyson 2.0, CarmaHold Co. and Hudson Cannabis will be hosting...

Whether you’re taking a test sample from one of a thousand cannabis plants in your greenhouse or growing your first plant at home, having access to objective data is paramount to success. While there’s no substitute for a comprehensive post-harvest lab test, there are many worthwhile THC testers on the market today capable of providing actionable insights into the THC levels, CBD content, terpene profile, and other desirable plant compounds that work together to define the industry’s most in-demand strains . High-quality THC testers are portable, thorough, and fast with many models providing results within a few minutes. We’ve compiled a list of the industry’s most popular handheld testing devices covering a variety of budgets and accuracy requirements. While you can expect to spend more money for the most accurate tests, a low-cost testing device might serve well to confirm laboratory results or allow for regular testing on the farm to maintain detailed records that can be used to ma...

PHOENIX  – 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF), a vertically integrated, multi-state cannabis operator and retailer, today announced its financial results for the third quarter ended September 30, 2023 (“Q3 2023”). All financial information is presented in U.S. dollars unless otherwise indicated. Q3 2023 Highlights Systemwide Pro Forma Revenue from continuing operations of $28.0 million GAAP revenue from continuing operations of $23.0 million Adjusted EBITDA of $3.5 million Wholesale revenue in Illinois grew by 40% sequentially and 178% year-over-year Positive operating cash flow across footprint of Illinois, Massachusetts, and Washington *Systemwide Pro Forma Revenue and Adjusted EBITDA are non-GAAP measures. See “Note Regarding Non-GAAP Measures, Reconciliation, and Discussion.” Management Commentary “The third quarter marked the beginning of a transitional period for our business, which we firmly believe will positively impact our future performance and t...

CALGARY, AB  – SNDL Inc. (NASDAQ: SNDL) and Nova Cannabis Inc. (TSX: NOVC) today announced the mutual decision to terminate the implementation agreement, dated December 20, 2022, as amended, concerning their previously-announced strategic partnership . SNDL and Nova reaffirm their strong commitment to their ongoing partnership under the management and administrative services agreement. “We are dedicated to building a consumer-centric, regulated products business model within a complex regulatory environment,” said Zach George, Chief Executive Officer of SNDL. “The synergy between our companies has already demonstrated great results, and combined efforts and shared vision are key drivers in this journey towards market leadership. SNDL remains committed to being a strong financial partner to Nova, with a focus on fostering sustainable business growth and development.” In connection with the termination of the Implementation Agreement, SNDL and Nova have extended the maturity date o...

AMHERST, Mass. – Highschoolers who perceive that their parents, siblings or friends use marijuana were much more likely to use marijuana themselves – but no more so after cannabis was legalized in the commonwealth in 2016, according to University of Massachusetts Amherst research. “It’s not news that youth are influenced by peers,” says Faith English, a Ph.D. candidate in the School of Public Health and Health Sciences and lead author of a paper published in a special issue of Clinical Therapeutics that discusses critical opportunities of cannabis legalization. “But our paper was really the first to look at these three particular roles within a person’s social network and then look at changes from pre- to post-legalization. It was really quite novel.” While perceived marijuana use by family and friends was known to be a risk factor for adolescent marijuana use, English and senior author and injury prevention researcher Jennifer Whitehill, associate professor of health policy and man...

TORONTO  – Shiny Health & Wellness Corp. (TSXV: SNYB) today announces that Ms. Meris Kott, a current Director has been appointed to the role of interim Chief Executive Officer. The Company further announces the resignation of Mr. Michael Nadeau as the Company’s CEO and as a member of the Board of Directors effective November 18, 2023. The Board wishes Mike all the best in his future endeavors. The Board of Directors feels Meris is the right person to step into the role as interim CEO and is well-positioned to continue advancing our strategy with the Board’s ongoing support and oversight. Together with the deep bench of talent across the entire organization, she will ensure SNYB does not miss a beat. Meris began her journey in cannabis in 2012 developing the first seed to sale dispensing terminal when Colorado was just the first state to approve recreational cannabis sales. She began helping to shape Canada’s cannabis industry in 2018, launching a merchant bank...

LANDSDOWNE, ON  – Molecule Holdings Inc. (CSE: MLCL), a Canadian craft-focused cannabis beverage production company, today announces that Mr. Jeffrey Stoss has tendered his resignation as the Company’s Chief Financial Officer, effective as of November 18, 2023. Mr. André Audet has agreed to serve as Interim Chief Financial Officer. Mr. Audet is very familiar with Molecule’s business, investor base and growth strategy. Mr. Audet is the Company’s founder, current Chair of the Board and former President and Chief Executive Officer. Mr. Audet will serve as Interim Chief Financial Officer as the Company searches for a replacement. Finance-Related Consulting Services Update Further to the Company’s press release dated September 15, 2023, the Company’s relationship with the financial services company that assists the Company with finance-related consulting services has been terminated. The parties have not yet agreed to terms with respect to outstanding payments. The Company is p...

PHOENIX — Iconic Cypress Hill frontman B-Real has expanded his Dr. Greenthumb’s Brand into Arizona through an exclusive partnership with The Flower Shop. The strain offerings, hand-selected by B-Real himself and grown at The Flower Shop’s cultivation facility, are exclusive to Dr. Greenthumb’s Brand and available at The Flower Shop dispensaries in Phoenix, Ahwatukee and Mesa prior to release statewide. This partnership highlights the exceptional nature of The Flower Shop’s commitment to the cannabis cultivation process—along with the pedigree of one of hip-hop’s most discerning OGs in the weed game. “Celebrity brands aren’t known for their authenticity, but with B-Real, he is as hands-on as they come,” said Cody Phillips, The Flower Shop’s Chief Cultivation Officer. “To have B-Real and his team test every strain and then curate strains for the three bags with Dr. Greenthumb’s thumbprint of approval raises the bar from a grower’s perspective and also brings that California steez ...

In September, an administrative court ordered a Massachusetts dispensary operator to bargain with a labor union. Employees of the Insa dispensary in Salem voted 17-11 against joining the United Food and Commercial Workers Union, which filed a complaint challenging the results with the National Labor Relations Board (NLRB). According to NLRB Administrative Law Judge Andrew Gollin’s decision , Insa fired union supporters to send a message that other employees could face the same fate if they voted to unionize, which made the chance of a fair vote unlikely. Gollin was the first judge to apply a recent 3-1 decision by the NLRB in Cemex Construction Materials Pacific LLC that paved the way for workers to unionize without formal elections , establishing a new framework for union representation proceedings. “Under the new framework, when a union requests recognition on the basis that a majority of employees in an appropriate bargaining unit have designated the union as their representative...

TALLAHASSEE, Fla.  — Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the U.S., today announced its results for the quarter ended September 30, 2023. Results are reported in U.S. dollars and in accordance with U.S. Generally Accepted Accounting Principles unless otherwise indicated. Numbers may not sum perfectly due to rounding. Q3 2023 Financial and Operational Highlights Revenue of $275 million, with 96% of revenue from retail sales. Achieved GAAP gross margin of 52%, with gross profit of $143 million. SG&A expenses lowered by $2 million sequentially to $94 million. Reported net loss of $25 million. Adjusted net loss of $15 million* excludes non-recurring charges, disposals and discontinued operations. Achieved EBITDA of $74 million*, or 27% of revenue and adjusted EBITDA of $78 million*, or 28% of revenue. Purchased $57 million face value senior secured 2026 notes for USD $47.6 million in September, which repre...

LOUISVILLE, Colo.  – (TSX: CWEB) (OTCQX: CWBHF), Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”), the market leader in full spectrum hemp extract wellness products, today reported financial results for the third quarter ended September 30, 2023. CEO Appointment Signals Strategic Changes On September 13, 2023, Charlotte’s Web appointed Bill Morachnick, Chief Executive Officer of the Company. Mr. Morachnick is an accomplished executive with a track record of building premium, differentiated products and brands. He brings an operational and data-driven mindset fixated on growth through the integration of marketing, sales, innovation and technology, with a consumer-centric focus. “Since I joined Charlotte’s Web in the late third quarter, I have been truly impressed by the talent, passion, and scientific expertise within the company,” stated Bill Morachnick, the CEO of Charlotte’s Web. “Following less-than-satisfactory third-quarter revenue, we have quickly mobili...