Video Staff, Author at Green Market Report

Video StaffVideo StaffJanuary 17, 2020

3min4050

There’s just one more week until our first Psychedelic Investing event. After that, our next cannabis conference will also be held in NYC on April 3. You can get all the information at www.greenmarketsummit.com.

GW Pharmaceuticals plc said that it expects total net product sales to be approximately $108 million for the fourth quarter and approximately $309 million for the year ending December 31, 2019. The bulk of the fourth quarter sales comes from the epileptic drug Epidiolex, which is expected to be roughly $104 million for the fourth quarter and approximately $296 million for the full year.

Organigram Holdings Inc. reported that its first-quarter 2020 revenue rose by 102% over last year to $25.15 million, which beat analyst estimates by $10.24 million. The company cautioned that it is pumping the rakes on cultivation as Canada is moving at a much slower pace on store openings.

Aphria Inc. reported revenue for adult-use cannabis increased 46% sequentially to $29 million. Total net revenue decreased sequentially by 4% to $120.6 million but jumped 457% over last year’s second quarter. Aphria delivered a net loss of $7.9 million

This week High Times announced that it was getting into the dispensary business. The company has plans for 2 flagship locations in Las Vegas and Los Angeles. In addition to that, High Times named Paul Henderson as its new CFO. This will be the third CFO for the company in just one year.

ManifestSeven (formerly known as MJIC) has acquired San Francisco-based legal cannabis delivery service company Lady Chatterley Health, which is focused on high-end women’s products for an undisclosed amount.

Rogue Station Companies, Inc. (OTC Pink: RGST) has acquired Brahman LLC, d/b/a Terpp Extractors, a Fort Collins, Colorado-based manufacturer of cannabis processing equipment in an all-stock transaction. 

Carlos Santana announced his partnership with Left Coast Ventures to develop premium cannabis and hemp CBD brands. 

And finally, Cultivar Holdings said its shares have been listed on the Canadian Securities Exchange using the symbol CULT.


Video StaffVideo StaffJanuary 10, 2020

1min3220

Youngevity (NASDAQ: YGYI) is a health fitness supplement company that wants its CBD products to go from farm to shelf. Green Market Report met with the company at the NASDAQ Marketsite where executives rang the closing bell. We had a chance to speak with Dr. James Rouse, actress Marilu Henner, and Youngevity CFO David Briskie. Thank you for watching the Green Market Report! Be sure to subscribe to our channel to get the latest videos on the cannabis industry from the business point of view.


Video StaffVideo StaffJanuary 10, 2020

4min4130

Green Market Report is getting closer to its first event focusing on the Investment Opportunities for Psychedelic companies. Psychedelics are gaining attention as a treatment for conditions like drug-resistant depression. We’re super excited to present this Summit on January 24 in New York City. Go to www.greenmarketsummit.com for more details. 

A new Ontario-based limited partnership created to buy cannabis-based real estate businesses called Subversive Real Estate Acquisition REIT closed on its initial public offering by raising $200 million.

Bhang Inc. (CSE: BHNG) (OTCQX: BHNGF) and CannaRoyalty Corp. d/b/a Origin House have terminated a deal to combine. Bhang will get royalty payments, input materials, manufacturing equipment, Bhang-branded finished goods, and Origin House shares, collectively valued at approximately $1.1 million.

GrowGeneration Corp. (NASDAQ: GRWG) reported revenue of $80.0 million for the 2019 fiscal year-end, an increase of $51.0 million or 176% versus 2018. The revenue for the fourth quarter of 2019 was $26 million versus $9.1 million for the same time period in 2018.

KushCo Holdings Net revenue increased 38% from last year’s fiscal first quarter to $35.0 million. The net loss was roughly $12.5 million versus last year’s $8.6 million. The company also said it was off to a positive start with the recently launched hemp trading desk, which is on pace to achieve $25 million in revenue for fiscal 2020

Emerald Health Therapeutics, Inc. has agreed to the second tranche of funding for the company for approximately $4.5 million.

Hightimes Holding Corp. told investors that it accepted the resignation of Kraig G. Fox as the Company’s Chief Executive Officer and President Effective December 24, 2019. On January 6, 2020, Stormy Simon, one of the Company’s independent directors and former President of Overstock.com Inc., was appointed to the position of Chief Executive Officer of the company by the board of directors.

Vireo Health International, Inc. (CNSX: VREO)(OTCQX: VREOF) announced that workers at its Maryland MaryMed voted overwhelmingly to ratify a Collective Bargaining Agreement and officially join the ranks of United Food and Commercial Workers Local 27 (UFCW27).

SOL Global Investments Corp.’s  (CSE: SOL) (OTCPK: SOLCF) CannCure Investments Inc. will be going public through a reverse merger with  Goldstream Minerals. CannCure will be called “Bluma Wellness Inc.” with operations in Florida via One Plant Florida which is also known as 3 Boys Farm and in California with premium flower cultivator Northern Emeralds. It’s expected to close on or about March 31.  

Ericka Pittman is officially joining Viola as its new CMO. The new c-suite appointment marks the first hiring of an African American female CMO of a multi-state cannabis operator.


Video StaffVideo StaffJanuary 3, 2020

3min3771

The Green Market Report is hosting its first Psychedelic Investing conference on January 24 in New York City, head over to www.greenmarketsummit.com to buy your tickets now. This half-day conference is titled The Economics of Psychedelic Investing and features some of the top emerging companies in this field. Held in the beautiful ballroom of the WeWork space by Bryant Park, investors will learn about this up and coming industry from some of the key players. 

Markets were closed on Wednesday for the New Year holiday, but the dispensaries in Illinois were open. Illinois became the 11th state to legalize the sale of adult-use marijuana.

Green Thumb Industries (GTI)  had four stores open for sales, while Cresco Labs had five stores open for business. Cresco said that it served 3,145 people on New Year’s Day and sold 9,258 cannabis products with an average ticket price totaling $135.

Harvest Health acquired Mjardin’s Cheyenne property in Nevada in a deal valued at $35 million. 

TerrAscend increased its private placement to $30 million from a previously planned $24 million. It will be used to help pay for the Ilera Healthcare acquisition.

1933 Industries Inc. reported first-quarter revenues of $3.9 million, down 26% from its previous quarter, mainly due to the decline in market share for vape and distillate sales in the recreational market in Nevada. The company said that vaping accounts for 25% of cannabis sales in Nevada while the nationwide decline was 15% during the first week of September, at the state level, Nevada saw a drop of 32% in vape sales.

C21 Investments Inc. delivered third-quarter revenue of $10.58 million, a sequential increase of 7.5% over the second quarter and a big jump over last year’s $305,011 for the same time period. The net loss for C21 was $5.1 million for the third quarter.

That’s it for this week. Have a happy new year everyone and let’s look forward to positive things for this year. 


Video StaffVideo StaffDecember 30, 2019

1min3060

Cannabis industry experts like Al Harrington from Viola and Ed Keating with CannaBiz Media believe there will be more consolidation within the cannabis industry in 2020. Sadly, some expect to hear of more failures as many entered the space thinking it would be easier that it is. Thank you for watching the Green Market Report! Be sure to subscribe to stay up to date with all out videos.


Video StaffVideo StaffDecember 20, 2019

3min3010

This week Trulieve found itself the target of a short-seller attack. Grizzly Research called the company a fraud. The report accused Trulieve’s CEO Kim Rivers’ husband of having questionable business practices and suggested that the company’s profits weren’t what they seemed. The stock seemed to recover as analysts defended the company.

Akerna is buying  Ample Organics Inc. in a  cash and stock deal was valued at $45 million. 

Fire & Flower Holdings Corp.  (TSX: FAF) announced that its third-quarter 2019 revenue increased 443% to $13.7 million for the quarter. The company also delivered a net income of $10.2 million over last year’s net loss of $22.5 million for the same time period.

HEXO Corp. (TSX: HEXO)(NYSE: HEXO)  reported its net revenue in the first quarter decreased sequentially to $14.5 million versus $15.4 million in the fourth quarter of 2019. The net loss for the quarter was an eye-popping $62.4 million. 

Valens GroWorks Crp. (TSXV: VGW) (OTCQX: VGWCF)  gave revenue guidance for the fourth quarter of 2019 in the range of $27 million to $30 million.

FSD Pharma Inc. (CSE: HUGE) (OTCQB: FSDDF) announced that Nasdaq has approved its application to have its Class B Subordinate Voting Shares listed on the Nasdaq Capital Market. 

The Green Organic Dutchman announce that it closed its previously announced bought deal basis, for $27.6 million.

Green Growth Brands said it was not going to acquire Moxie and blamed the market’s changing macro-environment. 

And finally, New Jersey lawmakers are sending the idea of full legalization to the voters in 2020 since they couldn’t agree on the legislation themselves.



About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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