American Cannabis News

Cannabis REIT Reports Large Default

Innovative Industrial Properties Reports Default by PharmaCann on All Leases SAN DIEGO–(BUSINESS WIRE), December 20, 2024–Innovative Industrial Properties, Inc. (IIP), through indirect, wholly owned subsidiaries serving as landlords, previously...
- December 20th, 2024 at 8:00 am

Cansortium Completes RIV Capital Acquisition

FLUENT Completes Acquisition of RIV Capital, Adding New York Retail, Wholesale and Cultivation Operations to its Multi-State Footprint Accelerates FLUENT’s entry into one of the largest and fastest growing...
- December 19th, 2024 at 12:06 pm

Illinois Cannabis Sales Increased Strongly in November

Illinois released sales figures for adult-use cannabis in November today. They were up 4.9% sequentially to $149.3 million. On a per-day basis, sales rose 8.4%. The year-over-year growth was +7.3%, better than...
- December 19th, 2024 at 11:43 am

Potential Cannabis Buyouts

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- December 19th, 2024 at 7:48 am

Vireo Growth to Acquire 4 Cannabis Companies

Vireo Growth Inc. Announces $75 Million Financing and Acquisitions of Four Single State Operators $75 million equity financing at $0.625 per Vireo share will result in combined new entity...
- December 18th, 2024 at 6:57 am

Michigan Cannabis Sales Increase in November

Michigan cannabis sales for November rose from a year ago and they rose sequentially 2.9%. At $276.4 million, sales were up 6.1% from a year earlier: The Michigan Cannabis Regulatory Agency...
- December 17th, 2024 at 9:28 am

Florida Cannabis Market Remains Under Pressure

Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the state’s medical cannabis program, including an active...
- December 13th, 2024 at 3:13 pm

Cannabis Stock Risks

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- December 12th, 2024 at 9:01 am

Cannabis Sales Picked Up in November

New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 15 states. Cannabis sales increased 1.7% sequentially in November, despite there being one less...
- December 11th, 2024 at 3:39 pm

The New York Cannabis Market Continues to Soar

The New York Office of Cannabis Management held a Control Board Meeting today that was broadcast online. Two months ago, we provided an update regarding the state’s strong growth...
- December 10th, 2024 at 1:00 pm

MSOS Could Bounce

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- December 5th, 2024 at 7:39 am

Illinois Cannabis Sales Increase Slightly in October

Illinois released sales figures for adult-use cannabis in October today, a bit later than normal. They were up 4.2% sequentially to $142.3 million. On a per-day basis, sales rose 0.9%. The year-over-year...
- December 3rd, 2024 at 5:11 pm

Ancillary Cannabis Stocks Hold Prices the Best

As we described in an article released earlier, the Global Cannabis Stock Index moved lower in November, falling 9.5%. It is now down 8.3% in 2024. In this article, we summarize the...
- November 29th, 2024 at 3:12 pm

Cannabis Stocks Extend Losses in November

Cannabis stocks, as measured by the Global Cannabis Stock Index,  have been quite volatile this year. The index gained in September, prompting a Q3 gain, but it fell in October....
- November 29th, 2024 at 2:31 pm

Cannabis Investors Should Be Thankful

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- November 27th, 2024 at 3:53 pm

A Silly Cannabis Stock Move

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- November 21st, 2024 at 9:21 am

Agrify Raises $25.9 Million at Big Discount

Agrify Announces $25.9 Million Non-Brokered Private Placement TROY, Mich., Nov. 21, 2024 (GLOBE NEWSWIRE) — Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a leading provider of branded innovative...
- November 21st, 2024 at 7:29 am

Cannabis Stocks Hold the All-Time Lows

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- November 14th, 2024 at 8:09 am

AYR Wellness Q3 Revenue Falls Sequentially

AYR Wellness Reports Third Quarter 2024 Results MIAMI, Nov. 13, 2024 (GLOBE NEWSWIRE) — AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated...
- November 13th, 2024 at 7:20 am

The Florida Medical Cannabis Market Is Melting

Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the state’s medical cannabis program, including an active...
- November 12th, 2024 at 3:30 pm

Ascend Wellness Q3 Revenue Was Flat

AWH Announces Q3 2024 Financial Results Achieved $141.6 million Net Revenue in Q3 2024 Reported $25.1 million in Adjusted EBITDA Anticipates $30 million of Annual Savings Through Transformation Initiatives...
- November 12th, 2024 at 7:20 am

Cresco Labs Q3 Revenue Falls as Profitability Rises

Cresco Labs Demonstrates Success of Cash Flow Focused Strategy with Third Quarter 2024 Financial Results Record quarterly operating cash flow of $49 million and year to date operating cashflow...
- November 8th, 2024 at 7:55 am