The Week In Cannabis: PharmaCann Could IPO, Tilray & MedMen, First Black CEO At Major Public Co. And More
Below is a recap of the main news related to the cannabis industry and markets for the week of August 20, 2021.
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G-Eazy’s FlowerShop* Cannabis Lifestyle And Wellness Brand To Hit 400 Stores In CA
Multi-state cannabis company Unrivaled Brands Inc. (OTC: UNRV) announced this week that it had reached an agreement to become the exclusive distributor of FlowerShop*, a cannabis brand founded by rapper G-Eazy, Isaac Muwaswes and Gabriel Garcia.
Top Cannabis VC Fund Poseidon Invests In Quality Management Solutions Provider C15 Solutions
C15 Solutions, a global quality management solutions provider for the cannabis sector and a technology partner of Veeva Systems Inc (NYSE: VEEV), has completed a Class A preferred share equity financing with Poseidon Investment Management.
Cannabis Social Equity Grants: Margeaux Bruner Of Holi Smokeables Hemp Co. Is Gage’s Latest Recipient
Gage Cannabis Co. (OTC: GAEGF), Michigan’s leading vertically integrated cannabis retailer, announced its third social equity grant recipient, Margeaux Bruner of Holi Smokeables, a company specializing in sustainable hemp paper products and accesso
These Are The Fastest Growing Cannabis Companies In The US
Inc. Magazine released its Inc. 5000 list this week, featuring the fastest-growing, privately held companies in the United States. Past honorees include Zappos, Microsoft (NASDAQ: MSFT) and Patagonia.
MSOs Cannabis ETF Manager Weighs In On Green Thumb Industries, Trulieve & Cresco Labs Post Earnings
After an earnings-heavy week, where many of the largest cannabis companies reported their quarterly results, Benzinga caught up with Dan Ahrens, portfolio manager of the AdvisorShares Pure US Cannabis ETF (NYSE: MSOS) and the AdvisorShares Pure Cannabis ETF (
Cannabis Co. 4Front Ventures Posts 85% YoY Revenue In Q2, Adjusted EBITDA Of $7.5M
4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF), a vertically integrated, multi-state cannabis operator and retailer, announced Monday its financial results for the second quarter ended June 30, 2021.
Highlights
Cannabis Co. Driven By Stem (STMH) Announces Record Sales, Gross Margin For Q3
Multi-state, vertically integrated cultivation and technology omnichannel cannabis company Stem Holdings, Inc. (OTCQX: STMH) (CSE: STEM), doing business as Driven by Stem, reported Monday results for the third fiscal quarter ended June 30, 2021.
Hemp Co. LFTD Partners (FKA Acquired Sales Corp) Posts Strongest Quarterly Results Ever
LFTD Partners Inc., formerly known as Acquired Sales Corp. (OTCQX: AQSP), announced that during the second quarter of 2021 it achieved quarter-over-quarter growth in revenue of 99%, from $3.35 million to $6.69 million.
The company also posted:
Cannabis Unicorn PharmaCann Could IPO Soon, Valued At $1.1B+
One of the largest private cannabis companies in the world could soon go public on the OTC Markets with a valuation of more than $1 billion.