Ascend Wellness Holdings announced Monday that it will ask stockholders to approve a reverse stock split as the multistate marijuana operator prepares to pursue a listing on a major U.S. stock exchange. The company has filed a definitive proxy statement with the U.S. Securities and Exchange Commission for a virtual special meeting scheduled for …
Category: Cannabis Business
Cannabis business news covering company earnings, acquisitions, store openings, market trends, investments and major industry developments.
Trulieve Eyes September Launch for Medical Marijuana Dispensaries in Austin, Dallas and San Antonio
Trulieve Cannabis Corp. is preparing to open three medical marijuana dispensaries in Texas this fall, marking a major expansion into one of the nation’s most restrictive cannabis markets. The multistate operator is targeting September openings for locations in Austin, Dallas and San Antonio, according to renovation filings with the Texas Department of Licensing and Regulation …
Tilray Launches First Medical Cannabis Product in Panama
Tilray Medical has commercially launched its first medical cannabis product in Panama, expanding the company’s presence in Latin America. The company announced that Tilray Oral Solution CBD100 has been shipped from its European Union Good Manufacturing Practice-certified production facility in Portugal. The prescription product will be distributed through Farmacias Arrocha, a major pharmacy network operating …
Trulieve Named One of TIME’s America’s Best Companies for 2026
Trulieve Cannabis Corp. has been named to TIME’s America’s Best Companies 2026 list, making it one of just two cannabis companies included in the national ranking. Green Thumb Industries also made the list. The annual list, compiled by TIME and Statista, recognizes 1,000 U.S. companies based on employee satisfaction, financial performance and transparency surrounding sustainability …
Aurora Cannabis Becomes First Marijuana Company Named to TIME Canada’s Best Companies List
Aurora Cannabis announced today that it has been named to TIME’s Canada’s Best Companies 2026 list, becoming the first cannabis company to receive the recognition. The annual ranking, compiled by TIME in collaboration with Statista, evaluated Canadian companies with at least US$100 million in revenue and positive three-year revenue growth. Companies were assessed based on …
AdvisorShares Discloses 6.26% Ownership Stake in Trulieve Following NYSE Uplisting
AdvisorShares Trust has disclosed a 6.26% ownership stake in Trulieve Cannabis Corp., according to a Schedule 13G filing submitted today with the U.S. Securities and Exchange Commission. The filing shows that AdvisorShares beneficially owns 10,641,152 subordinate voting shares of Trulieve. The disclosure is tied to a June 30 event date and lists AdvisorShares as having …
High Tide Adopts Shareholder Rights Plans to Maintain Cannabis License Compliance and Protect Investors
High Tide Inc. announced today that its board of directors has approved the adoption of two shareholder rights plans designed to help the company remain compliant with cannabis laws in Canada while also protecting shareholders in the event of an unsolicited takeover attempt. The Calgary-based cannabis retailer, which trades as HITI on the Nasdaq and …
Curaleaf Resumes Trading Under CURLF Following Completion of Reverse Split Transition Period
Curaleaf Holdings announced today that its subordinate voting shares have resumed trading under the OTC trading symbol CURLF, following the completion of a temporary transition period tied to the company’s recent reverse stock split. Curaleaf, which trades on the Toronto Stock Exchange under the symbol CURA and on the OTCQX Best Market, said the return …
AdvisorShares Says MSOS Custodian Approved Direct Ownership of Glass House Brands Shares
AdvisorShares says its fund custodian has approved direct ownership of Glass House Brands stock, a move the firm says could lower derivative-related costs for shareholders following the company’s NYSE uplisting. In a post Monday, AdvisorShares said it has approval from the fund custodian to hold Glass House Brands directly under its new ticker symbol, GLAS. …
TerrAscend Signs Deal to Acquire Fifth New Jersey Dispensary, Files Proxy Statement for Potential U.S. Uplisting
TerrAscend Corp. announced today that it has signed an agreement that would give the company the option to acquire a fifth dispensary in New Jersey, while also moving forward with a shareholder vote intended to help position the company for a potential listing on a major U.S. stock exchange. The company said its consolidated entities …
