Daily Archive: June 20, 2023
Edibles Gaining Ground With Consumers
Edibles are growing in popularity and becoming many consumers’ primary method of cannabis consumption, prompting declines in other categories, according to a new report from cannabis market research company New Frontier Data. Continue reading →
Posted in News on June 20, 2023Aurora’s Revenues Rise Despite Challenging Market
Edmonton, Alberta-based Aurora Cannabis saw revenue grow slightly to C$64 million ($48m) in the three months through March, up from C$61.7 million ($47m) the quarter prior. Continue reading →
Posted in News on June 20, 2023Cannabis Briefs for June 20, 2023
•California cannabis retailer Velvet opened a new location in Napa. Continue reading →
Posted in News on June 20, 2023Report: Federal Grand Jury Convened In Sherry-Lehmann Criminal Investigation
Wine Spectator reported last week that famed Manhattan retailer Sherry-Lehmann is potentially facing eviction as it owes more than $3.6 million to its landlord, Hong Kong-based Glorious Sun, amid wider allegations of non-payment to wholesalers, a cutoff by major credit card companies, and failure to deliver purchased wines to collectors. Now, the New York Times reports that the Justice Department has convened a federal grand jury to investigate the company in a criminal investigation. Continue reading →
Posted in News on June 20, 2023Mast-Jägermeister US And Southern Glazer’s Extend Partnership
Mast-Jägermeister US has extended its national distribution partnership with leading wholesaler Southern Glazer’s Wine & Spirits. Continue reading →
Posted in News on June 20, 2023Brown-Forman Offloads Finlandia Vodka For $220 Million
Brown-Forman has divested Finlandia Vodka to Switzerland-based Coca-Cola HBC AG for $220 million. Continue reading →
Posted in News on June 20, 2023
