Verano Holdings Corp. has approved a 1-for-5 reverse stock split as the multistate marijuana operator prepares for a potential listing on a major U.S. stock exchange. The company announced today that its board of directors approved the reverse stock split, which is expected to take effect on or around June 11. Under the plan, every …
Category: Cannabis Business
Cannabis business news covering company earnings, acquisitions, store openings, market trends, investments and major industry developments.
Curaleaf Announces 1-for-3 Reverse Stock Split Ahead of Potential U.S. Stock Exchange Uplisting
Curaleaf Holdings announced Tuesday that it will conduct a 1-for-3 reverse stock split as part of its effort to prepare for a potential uplisting to a major U.S. stock exchange. The company says the reverse split is being done in consultation with major U.S. exchanges and is expected to take effect on or about June …
FundCanna Secures Up to $60 Million Credit Facility to Expand Marijuana Industry Lending
FundCanna has secured a senior credit facility of up to $60 million, a move the company says will expand its ability to provide funding to marijuana operators and supply-chain businesses at a time when the industry continues to face limited access to traditional financing. The San Diego-based company said the facility comes from a global …
Aurora Granted Canadian Plant Breeders’ Rights for Two Proprietary Cannabis Cultivars
Aurora Cannabis has been granted Plant Breeders’ Rights in Canada for two proprietary cannabis cultivars developed through the company’s internal breeding program. The rights cover SOT20R07-007, known as Farm Gas, and SOT20R07-005, known as Driftwood Diesel. Both were developed at Aurora Coast, the company’s research and development facility in Comox, British Columbia. Plant Breeders’ Rights …
Trulieve Announces Proposed Domestication from British Columbia to Delaware
Trulieve Cannabis Corp. announced today that it plans to ask shareholders to approve a move that would shift the company’s corporate home from British Columbia, Canada, to Delaware, a change the company says would better align its structure with its U.S.-based operations. The Florida-based marijuana operator announced today that it will pursue a proposed plan …
Vireo Revenue Surges 333% in First Quarter Following Major Acquisition Push
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 …
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 …
