Video Staff, Author at Green Market Report - Page 2 of 15

Video StaffVideo StaffJune 28, 2019


This week Governor Pritzker of Illinois signed HB 1438 legalizing adult use cannabis for people over the age of 21. This makes Illinois the 11th state to legalize recreational cannabis. It will also expunge the records of over 700,000 residents convicted of marijuana-related offenses.  The bill also includes a “social equity program,” which makes it easier for those with marijuana convictions to get business licenses. The program also allocates $12 million for startup businesses related to cannabis. 

The Flowr Corporation began a public offering of common shares for approximately C$125,000,000 this week sending the stock down in trading as shareholders showed their displeasure at the dilution. Flowr said that it intends to use the proceeds to fund part of its acquisition of Holigen Holdings.

Private cannabis company Surterra Wellness closed on a $100 million Series D funding round and the expansion of its Board of Directors.  Surterra plans to use the proceeds to fund strategic acquisitions and infrastructure capital expenditures. Participants in the round include existing and new investors, ultra-high net worth individuals and family investment offices, including former Patrón Spirits Company CEO, Ed Brown, who is also a new board member. Surterra also announced the acquisition of Molecular Infusions, a Boston-based biotechnology research and development company.

Green Growth continues its takeover of the mall as Abercrombie & Fitch said it would sell the Seventh Sense Botanical Therapy products in 160 stores. This follows a trial period that must’ve been successful if the company decided on a much bigger rollout. 

There were several small acquisitions this week. 

Driven Deliveries, Inc., (DRVD) completed the acquisition of Ganjarunner, Inc., a cannabis delivery company that provides high-quality lab-tested, pesticide-free medicinal and recreational products throughout California.

Nabis Holdings Inc. (CSE:NAB) (OTC: NABIF) completed the purchase of 2,260,500 common shares, representing a 49% interest, of Cannova Medical Ltd., a provider of innovative solutions for cannabis consumption, with the option to acquire the remaining 51% interest.

Vice Ventures said it had closed its first $25 million fund. Vice Ventures is an investment management company that focuses on developing early-stage companies in what it calls the “vice space.” the company was founded by Catharine Dockery who served as an early member of the digitally native vertical brands M&A team at Walmart (WMT), alongside Bonobos CEO Andy Dunn.

And finally, it is Pride month. We commend all those who have fought for the rights of the LGBTQ community. Love is love. Respect each other and embrace who you are because you are all beautiful people.

Video StaffVideo StaffJune 21, 2019


New York State ended up not approving any adult use legalization. While some believed it might happen in the last minute, the bill was abandoned in favor of further decriminalization.

Akerna, the combination of MTech and MJ Freeway began trading this week on the Nasdaq using the symbol KERN. CEO Jessica Billingsley is the first woman to lead a Nasdaq traded cannabis company and this is the first compliance software company to get approved for listing at this exchange. The stock moved over 200% in its first day of trading.

Canopy Growth and Acreage Holdings shareholders approved of the company’s merger.  There had been some noise from a shareholder that it wouldn’t get approved at one point, prompting the company to state that there was no such problem and indeed there wasn’t. Full speed ahead for this mammoth merger.

MediPharm Labs said it plans to uplist at the Toronto Exchange and the company also closed on a $75 million bought deal.

Jushi Holdings acquired three unnamed dispensary permit holders for $63 million. Not dispensaries, just permit holders.

The Flowr Corporation signed for a $50 million credit facility.

Green Flower Media closed on a $20 million Series A Round.

CannTrust formed a joint venture with Elk Grove Farming Company to make its entry into the California and U.S. market

And Charlotte’s Web increased its hemp planting by 187% to meet demand. 

Video StaffVideo StaffJune 14, 2019


Harborside Inc. (CSE: HBOR) Co-founder and Chairman Emeritus Steve DeAngelo sat down with the Green Market Report’s Editor-in-Chief Debra Borchardt to discuss Harborside becoming a publicly traded company.

GMR Debra Borchardt

The company just went public this week on the Canadian stock exchange and it must be just super exciting because you are a pioneer in the industry.

Steve DeAngelo, Co-Founder Harborside Inc.

Yeah, it’s incredibly exciting. Harborside was one of the first six licensed cannabis businesses in the United States, that’s back in 2006. Today we’re growing to be seven dispensary’s, 200,000 square feet of grow space, 250 employees, and we’ve launched two brands that we’re pushing out into the marketplace.


You have about a 3% market share in California. What are your plans to increase that?

Steve DeAngelo

So two ways basically. Number one, we’re going to continue to increase our retail footprint. And two, we have developed these two brands, the Key brand, and the Harborside brand and we offer vape pens, we offer flowers, we offer edibles, a line of products in both of those two brands. And so, we’re in a hundred dispensaries now. We’ll be in three or four hundred dispensaries within several months.


What makes Harborside so special because there are so many dispensaries competing for business right now. Why is a consumer going to go in your door versus another door?

Steve DeAngelo

Well, it’s a values-based proposition. Harborside has a well-earned reputation for not just being after our own financial gain but also representing values. And so, we’re very committed to the values of diversity and building a cannabis industry that is diverse. We were very committed to the values of fairness and economic justice and we’re very committed to the values of sustainability and you can see those values in everything we do


You really have a reputation as caring for the customer, caring for the patient, because that’s really was where you guys made your name was caring so much for the patients that were coming to you.

Steve DeAngelo

You know, Harborside was a medical cannabis dispensary for most of our life. And so, we had to be very, very careful to make sure that we gave not just customer service but also patient care. And that has developed an ethic in our culture of really engaging with everybody who comes through our door. We like to say that we want everybody to come out of Harborside feeling better than they came in.


So let’s talk about the elephant in the room, which is that 280E case. We know you guys have been fighting and really fighting it for the whole industry. If that judgment goes against you, what amount of money do you expect you would have to pay and is that money already set aside?

Steve DeAngelo

The maximum amount of money that we could be liable to the IRS has already been accounted for and is available as needed but this is a long ongoing struggle. We’ve been in this litigation for about 10 years now. It’s not going to end for at least several more years. We did have an adverse ruling on the underlying case at the trial court but we won on the penalties phase and we’re now appealing to the Ninth Circuit Court of Appeals, the most favorable court in the country on cannabis. There’s also legislation pending in the Congress, which is going to resolve the 280E situation. So, it’s far from over. Harborside will keep doing what we always do. We stand up for the industry, we stand up for what we think is right, and we’ll keep on doing that until we either win the case or have exhausted all legal avenues.


A lot of people may not know that you were part of the Yippies, that you have a storied history associated with this plant. Did you ever in your wildest imagination think that this was going to happen? Did you think it was going to happen sooner or what has been the biggest surprise to you with this?

Steve DeAngelo

There has never been any doubt in my mind that we would see a respected, honored place for cannabis in our society because of the inherent properties of the plant, its value and its safety just make it necessary over time. What has surprised me and still surprises me is how long that it’s taking us to get there.


You have been working on this for many years and I’m so thrilled that you took the time to talk to us at the Green Market Report.

Video StaffVideo StaffJune 14, 2019


Oregon passed an export bill but there are concerns that even if other states allowed this it’s just a way for the state to legally dump its oversupply of cannabis into other markets.

Harborside began trading this week on the CSE using the symbol HBOR. This company is led by a pioneer in the cannabis industry Steve D’Angelo and started one of the first dispensaries in California. The company commands a large market share in the state and plans on increasing that.

HEXO Corp reported its earnings late on Wednesday evening and no wonder, the sales of adult use and medical cannabis both fell sequentially from the second quarter to the third. The company has ambitious plans to double its revenue but right now it is going in the wrong direction.

In other poor earnings news, Neptune Wellness Solutions Inc. reported that its year-over-year revenue for the quarter declined from $7 million to $5.8 million. the Net loss increased from $4.8 million to a net loss of $12.4 million.

Cresco Labs was asked to provide more information regarding its Origin House acquisition to U.S. anti-trust authorities. The company is complying and doesn’t believe it will change the plans for the acquisition.

The beautiful and delicious Coda Signature chocolates raised $24 million in plans to expand the company.

Sparx Cannabis completed the Company’s Series A funding round with $10 million raised through private funding.

MJ Freeway raised another $2.2 million. The company is still on track to become a publicly traded company this summer. 

Tilray’s biggest shareholder Privateer Holdings will be releasing a large portion of the privately held Tilray shares. Many analysts have cited these privately held shares as a reason they won’t give a higher rating for the stock.  

Green Growth Brands has opened an astonishing 50 stores in four months in various malls and has plans to make that number 70 stores.

Jushi began trading on the NEO exchange in Canada using the symbol JUSH.

Video StaffVideo StaffJune 4, 2019


The Economics of the New Hemp Market is a panel that was held on May 7 at the Green Market Summit in Chicago. The legalization of hemp is so new that the regulations are still being written. Data will be key to unlocking this industry and industrial grade price assessments will be needed over the next few months to support futures trading on a major commodity exchange sometime early 2019. This panel was led by moderator Peter Vogel, CEO Leafwire and he was joined by Jonathan Rubin, Founder – Cannabis Benchmarks, Kevin Pilarski Chief Commercial Officer – Revolution and Bethany Gomez, Director of Research – Brightfield Group.

Video StaffVideo StaffMay 31, 2019


Even though it was a shorted trading week due to the Memorial holiday, there were a lot of big earnings.

MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) reported that revenue rose by 22% to $36.6 million in the third quarter. However, the company still reported a huge net loss of $63.1 million amid all of its legal troubles.

Acreage Holdings, Inc.  (ACRG-U.CN) (ACRGF) reported that its revenue rose 487% to $12.9 million, but the company also delivered a whopping net loss of $31.2 million. Looking at pro forma results, the revenue would have been $33.1 million and the adjusted net loss would have been $15.5 million. On the company’s conference call, Murphy said he wanted the company to become the “Proctor & Gamble of cannabis.” He highlighted the Form Factor acquisition saying it was a prudent use of shareholder money. Suggesting that other companies were paying high prices for fewer returns on their acquisitions.

Charlotte’s Web Holdings, Inc. (CSE:CWEB) (OTCQX:CWBHF) reported Q1 revenue growing 66% to $21.7 million. The net income dropped to $2.3 million from last year’s $3.1 million.

Origin House (CSE: OH) (OTCQX: ORHOF) said its Revenue for the first quarter was $11.2 million,

MJardin Group, Inc.  (CSE: MJAR) (OTCQX: MJARF) reported its financial results for the quarter ending March 31, 2019, in Canadian dollars. The company delivered revenues of $10.9 million versus last year’s $6.7 million for the same time period

Acquired Sales Corp. (OTC Pink: AQSP) signed a letter of intent to acquire 100%  Illinois-based Warrender Enterprise Inc. also known as Lifted Liquids for approximately $7.5 million in cash, plus 4,545,455 shares of Acquired Sales Corp.’s common stock.

MediPharm Labs Corp. (TSXV: LABS) (OTCQX: MEDIF) entered into an agreement with Scotiabank, in which the underwriters have agreed to purchase on a bought deal basis 10,815,000 common shares of the company at a price of $5.55 per Share for gross proceeds of $60 million

FLRish Inc. also known as Harborside, announced that it has closed an approximately C$19.65 million private placement of subscription receipts.

Cannabis Strategies Acquisition Corp. will now be known as AYR Strategies and began trading on the NEO Exchange in Canada under the symbols NEO: AYR.A.

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


Recent Tweets

@GreenMarketRpt – 21 hours

Executive Spotlight: Liesl Bernard, CEO of

@GreenMarketRpt – 22 hours

RT : Our Founder & CEO was featured in the Executive Spotlight! Check out the full article here;

@GreenMarketRpt – 23 hours

Our biggest fans this week: WallandBroad, cosmo_crator. Thank you! via

Back to Top

You have Successfully Subscribed!