Newsfeeds Archive - Spark Newswire

3 minute read

Curaleaf’s Boris Jordan Says Rescheduling Cannabis Will Save Industry $200M In Revenue, Bring Illicit Market In From The Cold

May 17, 2:40 PM

Boris Jordan, founder and executive chairman of the boardÂ ofÂ CuraleafÂ Holdings, Inc. (CSE:CURA) (OTCQX:CURLF) spoke with CNBC’s Squawk on the…

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2 minute read

Medical Marijuana Giant Trulieve, Backer Of Florida’s Recreational Cannabis Ballot, Narrows Loss, Reports Uptick In Q1 Revenue, Gross Profit

By Jelena Martinovic

May 9, 8:49 AM

Trulieve Cannabis Corp. announced on Thursday its first quarter results for the three months ended March 31, 2024. The Tallahassee, Florida-based medical cannabis giant reported revenue of $298 million for the first quarter of fiscal 2024, representing an increase of 4% sequentially and year-over-year, with 96% of revenue from retail sales.

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EXCLUSIVE: ‘Cannabis Is Just Getting Started,’ Says This Top Stock Expert Who Knows How To Capitalize On Swing Trades

By Jelena Martinovic

May 3, 1:17 PM

"Cannabis is just getting started and there's going to be a lot of companies getting ready to take advantage of this massive growth cycle, government reform, news states, opening new opportunities and one day, interstate commerce." That's according to Benzinga's cannabis stock expert, Michael Berger, who is on a mission to uncover the most promising marijuana stocks poised for growth, even in a dull market.

CSE:CURA

2 minute read

Cannabis (De)Unionization: Here’s What’s New On The Frontlines Of Labor Organizing Among Weed Workers

By Jelena Martinovic

April 24, 1:04 PM

Employees at Cresco Labs Inc.'s Fall River, Massachusets-based cannabis cultivation operations have voted overwhelmingly to approve their first union contract with the United Food and Commercial Workers (UFCW) Local 328 more than three years ago. Now, the gardeners, supervisors and other agricultural workers at Cresco's operations opted to reverse the process. With their contract nearing the June expiration date, the workers opted to de-unionize, instead of negotiating another organized labor deal, according to documents obtained by MJBizDaily.Meanwhile, employees at Curaleaf Holdings, Inc.'s store in Phoenix, Arizona joined a 4/20 protest on Saturday, organized by United Food and Commercial Workers International Union Local 99 at a company store on East Camelback Road near North Seventh Street. The protesters asked for safer working conditions, full-time employment and a living wage, reported Arizona Central.

2 minute read

Another Cannabis Pioneer Expands In Germany Via Acquisition As Experts Say ‘There’s No Stepping Back’ From Legalization Wave

By Jelena Martinovic

April 17, 12:28 PM

Flora Growth Corp. has entered into a definitive agreement to acquire all of the issued and outstanding shares of Hamburg, Germany-based TruHC Pharma GmbH. The company's latest move to further cement its global footprint comes on the heels of a new German cannabis law that went into effect on April 1, which partially legalized cannabis. The new law allows adults over 18 in Germany to legally possess up to 25 grams of dried cannabis and cultivate up to three marijuana plants at home.As previously announced, Flora agreed to purchase TruHC Pharma GmbH in an all-stock deal in exchange for 2,770,562 of its common shares, valued at $6.4 million.

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Ohio GOP Lawmakers Say Adult-Use Cannabis Sales Rules Could Be Ready In Spring, Promise ‘Real Progress’

By Jelena Martinovic

January 29, 11:04 AM

Although Ohio voted in favor of legalizing recreational cannabis over two months ago, marijuana sales have yet to commence. This is because there have not been any rules defined regarding the legal sales of the recreational drug. According to Speaker of the Ohio House, Jason Stephens, he is working towards achieving a resolution on this issue in the spring. The Senate President, Matt Huffman, is also optimistic that the groups will reach a resolution on this matter within the next month. Several competing bills have been put forward, with both House Bill 86 and House Bill 354 looking to address the issue.

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Here’s What Made December Stand Out: These Two States Raked In Hundreds Of Thousands In Cannabis Sales

By Jelena Martinovic

January 17, 2:19 PM

Maryland residents spent a record $96.5m on cannabis products in December, according to data from the Maryland Cannabis Administration (MCA). Of that total, $61.5m came from recreational cannabis sales, while medical sales totaled around $35m for the month. Maryland has seen booming sales since the launch of the recreational market last summer. At the time, existing cannabis companies in the state switched to adult-use shops by paying an 8% one-time fee of their 2022 dispensary revenue not exceeding $2m. Licensed stores took in $20.9m in the first week of legal sales. In total, Maryland recorded $787.5m in sales of legal marijuana products in 2023. Over the same period, Rhode Islanders spent more than $107.8m on combined cannabis sales.

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Curaleaf Will Ring Opening Bell At Toronto Stock Exchange To Celebrate Landmark Listing

By Jelena Martinovic

December 13, 11:41 AM

Curaleaf Holdings, Inc. announced on Tuesday that it has complied with all the conditions listed in the conditional listing approval delivered by the Toronto Stock Exchange in connection with the listing of its subordinate voting shares on the TSX. The cannabis giant said the shares will commence trading on the TSX on Thursday, Dec, 14. under the ticker symbol "CURA." It will celebrate the milestone by ringing the opening bell of the TSX in Toronto on the same day.In connection with the TSX listing, the shares will be delisted from the Canadian Securities Exchange (CSE) at the close of markets on Wednesday, Dec. 13.

CSE:CURA

3 minute read

Curaleaf’s Strategic Move To Attract Deeper-Pocketed Investors, Internal Reorganization Sets Stage For TSX Listing

By Jelena Martinovic

December 11, 4:18 PM

Curaleaf Holdings, Inc. announced an internal reorganization of its U.S. operations, related to receiving a conditional approval of the Toronto Stock Exchange to list the company's subordinate voting shares on the TSX. The company's wholly-owned subsidiary entered into a subscription agreement with a third-party investor that is not affiliated with the company, Curaleaf USA, or the control person of the company, under which Curaleaf USA issued to the investor one share of Class A voting and non-participating common stock, for an aggregate subscription amount of $1 million. Curaleaf's uplisting to TSX means gaining access to deeper-pocketed investors, a possibility previously hindered due to U.S. federal illegality, which makes the Nasdaq and NYSE nonviable options. Moreover, Curaleaf will join multi-state operator TerrAscend Corp., which is doing business in Canada and the US - and has already secured a listing on TSX this summer.

CSE:CURA