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U.S Marijuana Market: The Grass Is Getting Greener Projected Growth of U.S. recreational and medical marijuana sales (billiom U.S. dollars)
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April 13, 2021
Cannabis company Aphria saw its shares collapse in Monday's trading session after the company had revealed that the coronavirus lockdowns in some parts of Canada and Germany had hurt its sales in the third quarter. Shares were down about 14% on the news. Wall Street however also learned that the...
March 12, 2021
Canadian cannabis company Sundial Growers Inc. has been given a "neutral" rating by Cantor Fitzgerald this week. "Thus, even though fundamentals have remained mixed, with an ongoing market-share loss according to the latest scanner data, and despite a 3Q20 reported net sales decline of 36% seq (-54% YoY), the run-up...
February 26, 2021
In what is believed to be the largest prospectus by a cannabis company, Canada's Canopy Growth has filed a $2 billion shelf prospectus. The preliminary short-form base shelf prospectus enables the company to raise up to $2 billion (2.5 billion Canadian dollars) in one or more series or issuances of...
February 26, 2021
In a $63 million acquisition, Ascend Wellness Holdings of Massachusetts has acquired most of MedMen Enterprise's New York cannabis operations. Multistate operator Ascend Wellness Holdings has an option to acquire the remaining equity in the New York operation for $10 million. This will be contingent on the launch of an...
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