cannabis industry

Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return over the last 12 months is 47.3%. But there is no question some big-name stocks performed better than others along the way. Sundial’s Bumpy Ride:...

Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), owner of the Rise cannabis dispensary chain, posted its latest financial earnings report Wednesday, touting a pop in revenue and a proclamation from CEO Ben Kovler that "the real fun is just beginning.” The Chicago-...

Poseidon Asset Management co-founder and managing director Morgan Paxhia recently spoke with Benzinga about some of the top low-cost buys on the market today, including several options investors could get for well under $100 per share. Those with limited funds to invest might want to avoid a...

Washington, D.C. lawmakers may take certain steps and prepare for the possibility of a legal adult-use market in the city, despite the federal ban on marijuana.  That's according to the Government Accountability Office, which published a letter Monday stating that city...

Cannabis agriculture company Terra Tech Corp. (OTCQX: TRTC) agreed to acquire Umbrla Inc. for an undisclosed price. Umbrla, which has rebranded as "Unrivaled," counts Dallas Imbimbo — co-founder of KushCo Holdings Inc. (OTCQX: KSHB) — among its management. The...

Cannabis company MariMed Inc. (OTCQX: MRMD) closed a $46 million financing facility Tuesday with Hadron Healthcare Fund. Beacon Securities Ltd. advised the deal.  Why It's Important: The initial chunk, $23 million — $3.70 per share of Series C preferred stock plus a...

Vireo Health International Inc. (OTCQX: VREOF) has had a busy 2021 so far. The company has had brand expansions, a rollout of its latest IP, and the closing of four medical licenses in Nevada, allowing both medical and adult-use production. The additional expansion also includes...

On the heels of launching a $100 million private equity cannabis fund, five-time NBA All-Star Chris Webber and JW Asset Management head Jason Wild spoke to Benzinga to discuss the importance of their endeavor as well as what's to come in cannabis and beyond. Scroll down to watch the ...

Hawthorne Gardening Company, a subsidiary of Scotts Miracle-Gro (NYSE: SMG), recently announced the launch of the Hawthorne Social Justice Fund — a $2.5 million fund created to support not-for-profit organizations with cannabis social justice missions. “It’s obvious that...

Shares of Primo Nutraceuticals Inc. (PINK: BUGVF) enjoyed a 313% climb Thursday. What Happened: The Vancouver-based company opened the day at about 93 cents a share, was trading at $7.00 a share by 9:55 a.m. ET and closed at $2.50. Why It Matters: Primo specializes in the...

Companies that commercially produce, sell, and profit from cannabis typically have white business owners at the helm. Curaleaf Holdings Inc. (OTCQX: CURLF), one of the industry's largest players with a market cap hovering $11 billion, is hoping a new initiative can...

Sundial Growers Inc. (NASDAQ: SNDL) closed a share offering valued at roughly $74.5 million this week.  The Calgary, Canada-based company currently has some $610 million in cash, in addition to marketable securities and loans receivable of approximately $61 million, and approximately 1.56...

CbdMD Inc. (NYSE: YCBD) agreed to donate up to $500,000 from its online sales to The Barstool Fund, an initiative set up by Barstool Sports Founder Dave Portnoy to provide financial aid to small businesses. What Happened: “As fellow entrepreneurs and small business owners, we know firsthand...

Jushi To Open Beyond/Hello Bloomington Jushi Holdings Inc. (CSE: JUSH) (OTCQB: JUSHF) will cut the ribbon on its fourth retail location in Illinois on Jan. 26. The new Beyond/Hello Bloomington store — the company’s 16th in the U.S. — will also commence with the...

Health and wellness CBD company HempFusion Wellness Inc. (TSX: CBD.U) is expanding to Europe through a deal with an undisclosed consumer goods distributor in Ireland. Under the deal, which has been approved by the Food Safety Authority of Ireland (FSAI), select HempFusion CBD and Probulin...