Council For Responsible Nutrition: FDA Throws Shade at Entire CBD Industry Without Addressing Real Public Health Issues; Misguides Consumers and Undermines Business

WASHINGTON–(BUSINESS WIRE)–In response to an alert from the U.S. Food and Drug Administration (FDA), “What You Need to Know (And What We’re Working to Find Out) About Products Containing Cannabis or Cannabis-derived Compounds, Including CBD,” and a news release, “FDA warns 15 companies for illegally selling various products containing cannabidiol as agency details safety concerns,”…

POSaBIT Reports Third Quarter 2019 Financial Results

TORONTO & SEATTLE–(BUSINESS WIRE)–POSaBIT Systems Corporation (CSE: PBIT), a leading financial technology company delivering unique payment processing and point-of-sale (POS) systems for cash-only businesses with a focus on the cannabis industry, is pleased to report its financial results for the quarter ended September 30, 2019. During the third quarter, POSaBIT experienced increased revenues of 55%…

POSaBIT Reports Third Quarter 2019 Financial Results

TORONTO & SEATTLE–(BUSINESS WIRE)–POSaBIT Systems Corporation (CSE: PBIT), a leading financial technology company delivering unique payment processing and point-of-sale (POS) systems for cash-only businesses with a focus on the cannabis industry, is pleased to report its financial results for the quarter ended September 30, 2019. During the third quarter, POSaBIT experienced increased revenues of 55%…

MedMen Reports First Quarter Fiscal 2020 Financial Results – Designated News Release

LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF) today released its consolidated financial results first quarter 2020 ended September 28, 2019. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated. Management Commentary “We entered Fiscal 2020 on a mission to build a more nimble…

Shareholder Alert: Robbins LLP Announces Aurora Cannabis Inc. (ACB) Sued for Misleading Shareholders

SAN DIEGO & EDMONTON, Alberta–(BUSINESS WIRE)–Shareholder rights law firm Robbins LLP announces that a purchaser of Aurora Cannabis Inc. (NYSE: ACB) filed a class action complaint against the Company for alleged violations of the Securities Exchange Act of 1934 between September 11, 2019 and November 14, 2019. Aurora produces and distributes medical cannabis products. If…

Columbia Care Continues Florida Expansion with Four Dispensary Openings, Receives Approval to Begin Sales of Flower

NEW YORK–(BUSINESS WIRE)–Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”), one of the largest fully integrated operators in the global medical cannabis industry with licenses across the US and EU, today announced the expansion of its Florida footprint with the opening of its dispensaries in Cape Coral and Orlando.…

Cresco Labs Announces US$38 Million in Non-dilutive Funding; Mutually Terminates Its Proposed Acquisition Of VidaCann Ltd., Eliminating ~$120 Million in Near-term Cash Requirements

CHICAGO–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced the signing of a binding agreement for the sale-and-leaseback of two properties in Ohio and Michigan, for total additional non-dilutive funding of approximately $38 million. The Company also announced the…

New Study: Zimbabwe’s Emerging Hemp Cultivation Market

WASHINGTON–(BUSINESS WIRE)–New Frontier Data, the authority in data, analytics, and business intelligence for the global cannabis industry, just made public its Zimbabwe hemp and cannabis cultivation study, Hemp Cultivation in Africa: Zimbabwe – A Case Study (2019), presented to the Zimbabwean government in May of 2019, ahead of Zimbabwe’s hemp legalization announcement at Victoria Falls’…

Shareholder Alert: Robbins LLP Announces Canopy Growth Corp. (CGC) Sued for Misleading Shareholders

SAN DIEGO & ONTARIO, Canada–(BUSINESS WIRE)–Shareholder rights law firm Robbins LLP announces that a purchaser of Canopy, Inc. (NYSE: CGC) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between June 21, 2019 and November 13, 2019. Canopy produces, distributes, and sells cannabis in Canada. If you suffered a…

Smart Cannabis Cultivators are Leveraging Natural Gas to Cut HVAC Costs up to 80%

LAS VEGAS–(BUSINESS WIRE)–Blue Mountain Energy (BME), a leading provider of high-efficiency climate control solutions for indoor cannabis cultivation facilities, has partnered with The Cannabis Reporter to educate growers about ways in which they can significantly reduce energy costs and their carbon footprint. BME will be at MJ BIZ CON Booth #C8830 December 11 through 13th…