Daily Archive: June 27, 2023
Million-Case RTD Player The Long Drink Sees Further Upside Ahead
Following a year of monumental growth that took it to 1 million cases in the U.S., spirits-based RTD The Long Drink continues to see rapid gains. Continue reading →
Posted in News on June 27, 2023News Briefs for June 27, 2023
•Old Pulteney single malt Scotch whisky is launching a new Coastal Series in the U.S. Continue reading →
Posted in News on June 27, 2023Amid Restructuring, Canopy Takes $2.5 Billion Net Loss, But Sees Path To Profitability
Ontario-based cannabis producer Canopy Growth saw sales decline 21% to C$403 million ($306m) in its fiscal year through March, with adjusted EBITDA registering a loss of C$350 million ($266m). Continue reading →
Posted in News on June 27, 2023New York Sales Far Below Expectations, Trade Group Warns, As State Takes Action
Legal cannabis sales in New York State totaled just $16.5 million through May, according to the Coalition For Access To Regulated & Safe Cannabis, a group backed by medical cannabis operators. Continue reading →
Posted in News on June 27, 2023Johnson Brothers Ups Stake In JV With CA Distributor Humble & Fume
Fourth-ranked U.S. spirits and wine wholesaler Johnson Brothers again increased its stake in its cannabis joint venture with Humble & Fume. Continue reading →
Posted in News on June 27, 2023Cannabis Briefs for June 27, 2023
•Nevada took a major step toward the advent of social cannabis spaces in recent days when the state’s Cannabis Compliance Board (CCB) approved the first three business licenses for them. Continue reading →
Posted in News on June 27, 2023
