•Nevada’s Deep Roost Harvesting has acquired The Source, an in-state rival in the state’s cannabis industry. The purchase price was not disclosed but the buy gives Deep Roost four more retail dispensaries in Henderson, Las Vegas, North Las Vegas, and Pahrump. Those four stores will remain in operation under The Source branding, but the production, distribution, and logistics for the newly combined companies will be consolidated to increase efficiency.

•Canopy Growth reported net revenue down 9% to C$63 million ($45) for its Q2 2025, ended September 30. Canopy notes that when divested businesses are excluded, net revenue for Q2 was up 3%. The company’s adjusted EBITDA loss was $6 million for the quarter, a 54% improvement year-over-year. For Canopy’s Storz & Bickel brand net revenue was C$16 million, a 32% gain compared to Q2 2024, driven by growth in Germany and the U.S. For the company’s remaining U.S. business, new products from Jetty are expected to boost sales, along with the integration of Wana brands and the acquisition of Acreage Holdings.

•TerrAscend has acquired Ratio Cannabis for $10.3 million, giving the Canadian multistate operator a foothold in the Ohio adult-use cannabis market. Ratio’s dispensary is located in Goshen Township (east of Cincinnati) and the deal is split between $5 million in cash, $1.3 million TerrAscend stock, and $3.9 million in a seller’s note at 6% interest and a two-year maturity. The move brings TerrAscend to six states in the U.S., where the company has a total of 38 dispensaries.