Monthly Archive: August 2019
California’s Cannabis Tax Revenues Accelerate
California’s legal cannabis industry ramped up in the second quarter, with the state’s cannabis tax revenue rising 19% compared to the previous quarter. Continue reading →
Posted in News on August 27, 2019Green Thumb Enters New York With Fiorello Acquisition
Chicago-based Green Thumb Industries is set to enter the New York market, closing a deal to acquire Fiorello Pharmaceuticals and its vertically integrated New York license for $60 million. Continue reading →
Posted in News on August 27, 2019Constellation Takes $133 Million Loss On Canopy Investment
Constellation will take a $133 million loss on its investment in Canopy Growth for the six months ended August 31, the company revealed in an SEC filing yesterday. Continue reading →
Posted in News on August 27, 2019Cannabis Briefs for August 27, 2019
•Aurora Cannabis recently completed its acquisition of Hempco Food and Fiber, paying C$63.4 million ($48m) for Hempco’s brands Praise and Planet Hemp as well as its 56,000-square-foot processing facility in Nisku, Alberta. Continue reading →
Posted in News on August 27, 2019Indiana Retailer Cap n’ Cork Waging Legal Battle To Gain Access To Neighboring States
Cap n’ Cork, the Fort Wayne, Indiana-based retail chain with 15 stores and annual sales of $28 million, is in the midst of a legal battle to roll back shipping restrictions in its home state. Continue reading →
Posted in News on August 26, 2019News Briefs for August 26, 2019
•International wine player AXA Millésimes has acquired a second estate in Portugal’s Douro Valley, Quinta do Passadouro, from the Bohrmann family. Continue reading →
Posted in News on August 26, 2019
