“We’ve accepted mommy-wine culture; why can’t we do the same with cannabis?” says Rosie Mattio, the woman behind North America's largest cannabis PR firm.
Why cannabis stocks Cronos, Verano, Trulieve and Green Thumb stocks gained on Thursday. A look at their Q4 earnings, market drivers and future outlook.
The future of cannabis companies is in the hands of politicians. They hold the keys to all the important potential industry reforms. There’s good news and bad news in this. Green Thumb Industries Inc. is a name in the space worth consideration.
Group behind failed attempt to legalize recreational cannabis in FL has launched new initiative for 2026 ballot. Allows adult use with limits and restrictions.
DEA judge orders agency to respond to allegations of opposing marijuana rescheduling and improper communication with opponents. Cannabis stocks declined in 2024 due to concerns about DEA review.
New Lake Capital Partners (OTC:NLCP), a real estate company focused on cannabis properties, offers an attractive investment with a 9.1% dividend yield, well above the return on 10-year government bonds.
ollowing a drop in September cannabis sales numbers in Illinois, October figures totaled $142.3 million, a 4.2% increase sequentially, reported New Cannabis Ventures' Alan Brochstein. Cannabis sales for the first ten months of 2024 have reached $1.5 million, as recreational marijuana sales in Illinois are about to enter its fifth year following the launch on Jan 1. 2020, the Illinois Department of Financial and Professional Regulation (IDFPR) data showed. This past July, cannabis sales reached the $1 billion mark year-to-date, beating last year's July 10 milestone.
Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) announced on Tuesday that it has secured a new senior secured credit agreement of up to $96.5 million with Chicago Atlantic Admin, LLC, as an administrative agent for certain lenders.The Tampa, Florida-based vertically integrated cannabis company operating under the FLUENT brand, said the credit agreement includes a 12% cash interest rate and 1% paid-in-kind interest annually. It matures on November 26, 2028, with no material debt maturities until then. "We are excited to announce the successful completion of our senior secured refinancing," Robert Beasley, CEO of Cansortium, said. "The loan's favorable interest rate and single financial covenant underscore our strong financial standing, while its non-dilutive structure - free of equity or warrants – preserves shareholder value."
