Vireo Growth Inc. reported $106.2 million in revenue for the first quarter of 2026, a 333.5% increase from the $24.5 million reported during the same period last year, as the company continues a rapid expansion through acquisitions. The company also reported $59.3 million in gross profit, up 378.2% year-over-year, with its gross profit margin increasing …
Category: Cannabis Business
Cannabis business news covering company earnings, acquisitions, store openings, market trends, investments and major industry developments.
TerrAscend Reports $65.5 Million in Q1 Revenue, Posts 15th Straight Quarter of Positive Operating Cash Flow
TerrAscend reported $65.5 million in net revenue for the first quarter of 2026, a 1.9% increase from the same period last year, while posting its 15th consecutive quarter of positive cash flow from continuing operations. The North American cannabis operator, which has operations in Pennsylvania, New Jersey, Maryland, Ohio and California, said gross profit for …
High Tide Subsidiary Reports Record 7.6 Tonnes of Medical Marijuana Distributed in Germany
High Tide Inc. says its 51%-owned German subsidiary distributed a record 7.6 tonnes of medical marijuana during the company’s second fiscal quarter, marking another sign of rapid growth in Europe’s largest medical marijuana market. The Calgary-based company announced today that Remexian Pharma GmbH sold 7.6 tonnes of medical marijuana in Germany during the quarter ending …
Cannabix Delivers Marijuana Breath Test to Workplace Drug Testing Clinic in Canada
Cannabix Technologies has delivered its Marijuana Breath Test products to a drug and alcohol testing clinic serving workplace clients in eastern Canada, marking another step in the company’s push to bring breath-based THC testing into workplace safety programs. The Vancouver-based company said the delivery was completed through an authorized reseller. The clinic provides drug testing …
Green Thumb Files DEA Registration Applications Following Federal Rescheduling of Medical Marijuana
Green Thumb Industries has filed applications with the U.S. Drug Enforcement Administration to register certain state-licensed medical marijuana operations under the new federal pathway created following the rescheduling of medical marijuana to Schedule III. The company announced the move Monday, making it one of the most notable multistate operators to publicly confirm it is pursuing …
Relm Launches Kidnap and Ransom Insurance for Cannabis Executives Amid Rising Security Threats
Relm Insurance today announced the launch of its Kidnap and Ransom (K&R) insurance product which is “specifically designed to protect individuals and organizations in the digital asset and cannabis sectors from a growing spectrum of physical threats, including kidnap, extortion, malicious detention, and other crisis events.” The Bermuda-based specialty insurer said the coverage is designed …
Vireo Growth and Glass House to Merge California Retail Operations Into 23-Store Marijuana Network Through New Joint Venture
Vireo Growth and Glass House Brands announced Monday that they are forming a joint venture that would combine their California dispensary operations into a single retail platform spanning 23 locations, a move the companies say would create one of the largest marijuana retail networks in the state. Under the agreement, each company would contribute its …
Mike Tyson to Open Brooklyn Marijuana Consumption Lounge on 4/20
Mike Tyson has announced the launch of a new marijuana consumption lounge in Brooklyn, marking a major expansion of his Tyson 2.0 brand into New York’s legal market. The Tyson 2.0 Consumption Lounge is scheduled to open on April 20 at 733 Flatbush Avenue, offering what is being described as a “premium consumption sanctuary” where …
Curaleaf Opens 72nd Florida Dispensary in Cape Coral, Expanding to 163 Locations Nationwide
The new store is located at 345 SW 10th Place within the Shops at Del Mar plaza, adding to the company’s growing footprint in Lee County. It becomes Curaleaf’s third location in the immediate area, joining existing dispensaries in Fort Myers and Bonita Springs. The Cape Coral location will offer a range of products tailored …
Rubicon Organics Reports Record $59.5 Million in 2025 Revenue, 22% Increase Over 2024
Rubicon Organics reported record financial results for 2025, with net revenue reaching $59.5 million, a 22% increase from the $48.7 million it generated in 2024.
