Daily Hit Archives - Green Market Report

StaffStaffNovember 25, 2020
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4min140

It’s time for your Daily Hit of cannabis financial news for November 25, 2020.

On The Site

Predictions for Green Wednesday 2020

Headset

Headset forecasts an even larger than usual uptick in recreational cannabis sales on Green Wednesday this year for several reasons:

–  In all adult use cannabis states tracked by Headset, the total market has grown by at least 20% in total revenue over last year (when comparing October 2019 to October 2020).

Akerna

“On average, Thanksgiving tends to be one of the Top 5 sales holidays of the year, and we expect that trend to continue this year,” said James Ahrendt, Business Intelligence Architect, Akerna (NASDAQ: KERN). “In the past, we’ve seen huge spikes in sales on Wednesday and Friday since most dispensaries are closed on Thursdays.”

Akerna anticipates that the average order total will be around $82.30 for adult-use customers and $128.46 for medical consumers, representing an increase of approximately $13 compared to the average order total on any other given day of the year.

Planet 13

Planet 13 Holdings Inc. (CSE:PLTH) (OTCQB:PLNHF) reported that revenues rose 36.5% to $$22.8 million for the third-quarter ending September 30, 2020, versus last year’s $16.7 million. The company also delivered a net income of $0.2 million as compared to a net loss of $1.7 million in 2019. The net income before taxes was $3.4 million as compared to a net income of $0.3 million last year for the same time period. The operating expenses, excluding non-cash compensation expense and depreciation and amortization, was $7.2 million in the quarter versus $6.7 million in 2019, an increase of 7.9%.  The third-quarter 2020 adjusted EBITDA of $6.2 million was higher than the 2019 Adjusted EBITDA of $3.4 million.

Vireo Health

Vireo Health International, Inc. (OTCQX: VREOF) reported that its revenue rose 67% to $11.9 million for its third quarter ended September 30, 2020 versus $7.1 million for the same time period in 2019. Net income in the third quarter was $122,252 versus a net loss of $14.6 million in the 2019 third quarter.  Vireo said the favorable improvement in net income was primarily driven by the one-time gain of $16.4 million on the divestiture of the company’s former PAMS subsidiary.

In Other News

Driven Deliveries, Inc.  (OTCQB: DRVD), one of California’s fastest-growing online cannabis retailers and direct-to-consumer logistics companies, today announced its financial results for the three months ended September 30, 2020.

  • Gross Revenue for the third quarter ended September 30, 2020 totaled record sales of $7.2 million.
  • Net Revenue for the same period was $6.0 million, +393% Y/Y.
  • Gross Revenue Fiscal YTD totaled record sales of $16.6 million, +1,193% Y/Y.
  • Net Revenue Fiscal YTD was $13.8 million, +998% YTD Y/Y.
  • The company announced its pending acquisition by Stem Holdings, Inc. (OTCQX: STMH CSE: STEM) is expected to close in CY20/Q4.

 


Kaitlin DomangueKaitlin DomangueNovember 24, 2020
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4min460

It’s time for your Daily Hit of cannabis financial news for November 24th, 2020. 

On the Site

Subversive SPAC Forms The Parent Company With Jay-Z, Roc Nation

Special purpose acquisition company (SPAC) Subversive Capital Acquisition Corp. (OTCQX: SBVCF) or SCAC entered into definitive agreements with global icon, entrepreneur and MONOGRAM founder, Shawn “JAY-Z” Carter, entertainment powerhouse Roc Nation, California cannabis company CMG Partners Inc. (Caliva) and Left Coast Ventures, Inc. to form TPCO Holding Corp. (The Parent Company). The deal is expected to close in January 2021.

Caliva and Left Coast Ventures expect combined pro forma revenues of $185 million in 2020 and $334 million in 2021. 

 

Plus Products Trims Losses As Revenues Rise

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF)  released its unaudited financial and operational results for the third-quarter ending September 30, 2020, with revenues growing slightly to $3.7 million versus net revenues of $3.5 million for the same time period in 2019. Plus also trimmed its losses to $(1.5M) in the quarter versus ($9.5) million for the same quarter in 2019 representing an 84% improvement.

 

Jushi Reports Rising Revenue, Increases Guidance

Jushi Holdings Inc. (CSE: JUSH) (OTCMKTS: JUSHF) delivered revenue of $24.9 million for the third quarter ending September 30, 2020, which was an increase of 67% over the second quarter. Still, the company reported a net loss of $30 million or $0.31 per diluted share, compared to a net loss of $9.3 million, or $0.10 per diluted share, in the second quarter. 

 

COVID Not Expected To Hurt Holiday Cannabis Sales

Cannabis compliance technology company Akerna (NASDAQ: KERN) anticipates a 78% increase over average daily sales for 2020 during this Thanksgiving weekend, hitting $270 million between November 25 and November 28.

In Other News

MJardin Terminates MSAs in Colorado

Leading cannabis production company, MJardin, announced today that they are terminating certain management services agreements and consulting agreements with parties located in Denver. This is effective immediately, and the company claims this is a response to their “ongoing review, evaluation, and turnaround process. The MSAs between the company and companies 3BVentures and TwoG Ventures will be terminated immediately. This will not impact the promissory notes, intellectual property agreements, and lease obligations currently in place between the parties.


Kaitlin DomangueKaitlin DomangueNovember 23, 2020
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4min440

It’s time for your Daily Hit of cannabis financial news for November 23rd, 2020. 

On the Site

Dispensaries Pivot As Regions In Ontario Start New Lockdown Orders

The number of cases of COVID-19 has spiked in the province of Ontario causing new lockdown orders. On Sunday, Ontario Regulation 654/20 was made allowing cannabis retail stores located in the lockdown regions to operate through e-commerce, curbside pickup, and home delivery services causing cannabis stores to once again pivot to online orders.

 

Jushi Plans $50 Million Expansion In Scranton, PA

Jushi Holdings Inc.  (OTCMKTS: JUSHF) said it is planning a $50 million expansion project in Scranton, Pennsylvania which is expected to create more than 100 more new jobs in the Scranton area

 

Cansortium Says Revenue Rose 94% In Third Quarter

Cansortium Inc. (OTCQB: CNTMF) delivered revenue of $14.3 million for its third-quarter ending September 30, 2020. This was a 94% increase over last year’s $6.9 million for the same time period

 

KIND Creates Closed-Loop Payment System 

Tech company KindPay has created a closed-loop payment system, which means that it is able to be used only with specific merchants. The mobile app will be able to be used by specific people in the cannabis industry, including dispensaries, growers, and consumers.

In Other News 

Ayr Strategies Announces Short-Term Incentive for Shareholders 

The company announced today incentive exercise rights available on a short-term basis to the company’s shareholders. The company will be offering a C$0.50 incentive for the purchase of up to 3 million warrants, purchases being made in cash only. If all 3 million warrants are exercised, the proceeds will result in US$25 million. 

We are pleased to be able to offer our warrant holders this opportunity at a very exciting time for both our Company and our industry. Ayr has incredible growth ahead driven by the great progress our team has made operationally in Massachusetts and Nevada, as well as our exciting expansions into Pennsylvania, Arizona and Ohio. The continued mainstreaming of cannabis is expected to provide new opportunities for growth, and we expect our business to continue to expand, solidly funded based on projected cash proceeds from our warrant holders and the anticipated debt financing we have previously mentioned in our investor calls. We appreciate the support of all our stakeholders immensely,” said Jonathan Sandelman, Ayr Chairman and CEO.

 

4Front Ventures Announces Closing of C$17.25 million Offerings 

Vertically integrated MSO, 4Front Ventures, announced today their closing of a bought deal public offering. The units sold total an aggregate amount of C$17,251,150. The company issued 24,644,500 units at a price of C$0.70 per unit. 4Front Ventures plans to use the proceeds from this deal to fund a state of the art, 185,000 sq ft, highly automated facility located in Commerce, California. They anticipate the construction to be completed in April 2021, with the first sales taking place in May. 


Kaitlin DomangueKaitlin DomangueNovember 19, 2020
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3min830

It’s time for your Daily Hit of cannabis financial news for November 19th, 2020. 

On the Site 

Slang Reports Revenue Rose 73% In Third Quarter

Slang Worldwide Inc. (OTCQB: SLGWF) reported preliminary, unaudited financial results for the third quarter ending September 30, 2020. with revenue rising 73% to $7.9 million.

TerrAscend Delivers Rising revenue, Increases Guidance

TerrAscend Corp.  (OTCQX: TRSSF) reported financial results for its third quarter ending September 30, 2020, with net sales of $50.9 million versus $47 million in the second quarter. It was almost double last year’s $26.8 in sales for the same time period in 2019. The company delivered a net loss of $17.5 million, which was slightly higher than last year’s third-quarter net loss of $17.3 million.

Tilt Sells Tech Platform Blackbird, Puts Focus On Jupiter

Tilt Holdings Inc. (CSE: TILT) (OTCQB: TLLTF) reported a decline in revenue to $40.4 million for the second quarter of 2020, which was a drop of 12% from the prior-year period.  The net loss was $4.6 million versus a net loss of $9 million in the previous quarter. The company also told investors that it sold its technology platform Blackbird.

Tripping Goes High-Tech, Field Trip Partners with WHOOP

The two companies announced that they will be using WHOOP’s Strap 3.0 to measure the biometric effects of ketamine-assisted therapies produced by Field Trip.

In Other News

C21 Announces Note Restructuring 

Vertically-integrated cannabis company, C21 (CSE:CXXI) (OTCQX: CXXIF) announced today that the remaining principal amount of the company’s senior secured note ($15.2 million), held by the company’s CEO Sonny Newman, has been restructured for repayment over a 30-month term. The loan will have an interest rate of 9.5% with lower monthly principal payments. In addition, C21 has secured a commitment from three major investment managers: Wasatch Global Investors, JW Asset Management, and CB1 Capital Management. 


Kaitlin DomangueKaitlin DomangueNovember 18, 2020
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4min680

It’s time for your Daily Hit of cannabis financial news for November 18th, 2020. 

On the Site

Gearing Up For Green Wednesday

Though April 20th takes the top prize in cannabis sales year after year, Green Wednesday (Black Friday’s cannabis counterpart) has come in a strong second place since its inception in 2016, and 2020 looks to be no different. As a result of clever moves by retailers to offset pandemic-related impacts on buying behavior, starting deals and discounts earlier in the season than ever before, and tailoring the shopping experience to customer health and safety concerns, Green Wednesday sales for 2020 are poised to hit an all-time high. 

Cresco Labs Delivers Another Blowout Quarter

Cresco Labs Inc.  (OTCQX: CRLBF) released its unaudited financial results for the third quarter ending September 30, 2020, with revenue hitting $153.3 million. This was a 63% sequential increase over the second-quarter revenue of $93 million and an even bigger jump over last year’s revenue of $36 million for the 2019 third quarter

Harborside Continues with Another Strong Quarter, Revenue up 21%

Vertically-integrated cannabis company, Harborside Inc., reported strong third quarter results. The company reported total gross revenues of $19,572,620 for Q3 of this year, up from $16,148,582 in the second quarter. This is a 21% sequential increase quarter over quarter, and a 42% increase year-over-year.

In Other News

Trulieve Launches TruSpectrum 

Cannabis company, Trulieve, launched vaporizer cart brand TruSpectrum in Florida. 

Cannabis is unique because the plant offers so many medicinal benefits and that was the inspiration behind TruSpectrum. We wanted to create a product that offered patients the discretion of traditional vaporizers while still maintaining the integrity, the terpene profile, and the complex cannabinoid profile of the plant itself,” said Valda Coryat , Trulieve chief marketing officer. 

TruSpectrum will be available in one of Trulieve’s 67 dispensaries across Florida. 

 

Ayr Strategy Reports Q3 Earnings 

Cannabis multi-state operator, Ayr Strategies, reported their third quarter earnings today and revenue was up 61% quarter over quarter. The company reported a revenue of $45.5 million. 

“These past several months have been a transformative period for our business,” said Ayr CEO Jonathan Sandelman. “We had a record quarter with revenues up 42% year-over-year and 61% sequentially and Adjusted EBITDA more than doubled. And our strong annual run-rate through Q3 does not include our new dispensary in Las Vegas set to open in a few weeks, our transition to adult-use retail sales in Massachusetts, nor our recently announced acquisitions in Arizona, Pennsylvania and Ohio, all of which when completed point to an even more robust 2021.”


TILT Holdings Reports Q3 Earnings, Down 12% Year over Year 

Cannabis business solutions company, TILT Holdings, reported their earnings for the third quarter of 2020. The company reported a revenue of $40.4 million, which is a 5% increase from last quarter and down 12% from the same time last year. 

TILT Holdings reported a positive adjusted EBITDA for the third consecutive quarter, totaling $2.8 million.


Kaitlin DomangueKaitlin DomangueNovember 17, 2020
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3min770

It’s time for your Daily Hit of cannabis financial news for November 17th, 2020. 

On the Site 

Trulieve Continues to Flex With Strong Revenue Florida-based Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) reported revenue of $136.3 million for the third-quarter ending September 30, 2020. This was a 13% sequential increase over the second quarter and topped the Yahoo Finance analyst estimate for revenue of $131 million. Trulieve also delivered a positive net income of $17.4 million, or $0.15 per diluted share, easily beating the Yahoo Finance analyst estimate of $0.22.

Greenlane Beats On Revenue, Misses On EPS

The smoking accessory e-commerce giant Greenlane Holdings, Inc. (Nasdaq: GNLN) reported that its net sales fell 20% to $35.8 million in the third quarter ending September 30, 2020 versus $44.9 million in the 2019 third quarter. This narrowly topped the Yahoo Finance analyst estimates for revenue of $35.7 million. The company also delivered a loss per share of ($0.35) which missed the analyst estimates for a loss per share of ($0.10).

Dutchie Plus Aims to be Shopify for Cannabis 

Cannabis e-commerce company Dutchie,  has launched  “Dutchie Plus,” a fully customizable online shopping experience. Dutchie Plus will allow dispensaries to create seamless online shopping experiences through open APIs and powerful back-end tools, including access to deep analytical data to drive sales and a messaging platform to connect directly with customers.

In Other News

Curaleaf Announces New CEO Effective January 1st, 2021 + Record Third Quarter Results 

Current Curaleaf President, Joseph Bayern, has been appointed as the company’s next CEO. This change will become effective on January 1st, 2021. 

The company released their third quarter earnings today and reported a record revenue of $215.3 million. In addition, they reported a record adjusted EBITDA of $42.3 million, which grew more than 4x 2019 levels. This is a sequential growth of 51%. The company also recorded a gross profit margin of 50% on cannabis sales.

Juva to Begin Trading on CSE

California-based cannabis life sciences company, Juva, announced today they will begin trading on the Canadian Securities Exchange. The company will trade under the ticker symbol, JUVA.

 


StaffStaffNovember 16, 2020
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5min790

It’s time for your Daily Hit of cannabis financial news for November 16, 2020.

On The Site

Neptune Wellness

Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT) reported revenue increased 155%  sequentially to $28 million for the second quarter ending September 30, 2020.  Revenues in the first quarter were restated to $11.2 million. It was a big jump over last year’s total revenues of $6 million for the 2019 second quarter. The stock was jumping over 15% in after hours trading to sell near $2.18.

The company delivered a net loss $21 million slightly more than last year’s net loss of $20 million. All figures are canadian dollars unless otherwise stated.

MediPharm Labs

MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF)  announced its revenues fell to $4.9 million for the third quarter ending September 30, 2020, versus $13.9 million for the second quarter of 2020. This was a massive decline from last year’s revenue of $43 million for the same time period. The company also delivered a net loss before tax of $15.4 million, compared to a net income of $5.3 million for last year’s third quarter. It also increased sequentially from a loss of $3.7 million in the second quarter.

Strimo

Before there was the iPhone, there was the Blackberry. Everyone who was anyone had a Blackberry. It was a status symbol and a very functional piece of technology. It was also groundbreaking until it wasn’t. First-generation technology has its place as a pioneer, but it’s the next generation that is typically a better consumer experience.

Cannabis tech company Strimo is a textbook example of next-generation software that is better than its predecessors. CEO Helkin Berg learned that many cannabis companies were unhappy with the existing first-generation software options on the market. In the early days of the cannabis industry, Berg says the pioneers were creating frankensoftware to address the industry’s specific compliance requirements. “Seed-to-sale” didn’t exist before legal cannabis came along. So the pioneers were tasked with creating a new product in a short amount of time. This cobbled-together software, while somewhat functional, was in Helkin’s mind, flawed.

In Other News

AQSP

Acquired Sales Corp. (OTCQB: AQSP) announced that it achieved third quarter net revenue and positive net income of $1,509,437 and $95,823, respectively. Third quarter net revenue exceeded second quarter net revenue by 19%, and the company expects its fourth quarter net revenue to continue to grow.

Nicholas S. Warrender, AQSP’s COO and the CEO of its wholly-owned subsidiary Lifted Made, Zion, IL, said, “So far this quarter, Lifted Made’s sales are surging. Under Lifted Made’s flagship Urb Finest Flowers brand, our delta 8 THC cartridges and gummies, CBD moon rocks, caviar cones, and our private label products are experiencing a tremendous reception from our distributors and customers. We are also developing new and exciting SKUs that are launching throughout the rest of this year and early Q1 2021 that we expect will be picked up by our existing and growing distribution channels throughout the country.”

Captor Capital

Captor Capital Corp. (CSE: CPTR) announced its common shares will no longer be traded through the facilities of the OTC in the United States. The U.S. Securities and Exchange Commission has revoked the registration of the Company’s securities under Section 12(j) of the Securities Exchange Act of 1934 for not filing continuous disclosure documents.  Captor remains a reporting issuer in good standing in each of British Columbia, Alberta and Ontario, and its common shares remain listed for trading on the Canadian Securities Exchange under the symbol CPTR.

 


Kaitlin DomangueKaitlin DomangueNovember 12, 2020
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4min770

It’s time for your Daily Hit of cannabis financial news for November 12th, 2020. 

On the Site

Charlotte’s Web Revenue Declines But On Target For Estimates

Charlotte’s Web Holdings, Inc. (TSX: CWEB) (OTCQX:CWBHF) reported financial results for the third quarter ended September 30, 2020, with revenue rising to $25.2 million versus $25.1 million in 2019 and on target for the Yahoo Finance average estimate. The net loss was $6.6 million which was high than last year’s net loss of $1.3 million.

Verano Buys AltMed To Create Largest Private Cannabis Company

Verano Holdings, LLC is buying and merging with Alternative Medical Enterprises, LLC, Plants of Ruskin, LLC,  called AltMed to create the largest privately-owned cannabis company. The value of the transaction was not disclosed.

Compass Pathways Has Enough Cash To Last To 2023

Psychedelic company Compass Pathways plc (Nasdaq: CMPS) reported its financial results for the third quarter of 2020 and gave an update on recent progress across its business. The company reported a net loss of $16.6 million and essentially no income as the company is focused on research at this time. The company has cash of $196.5 million as of 30 September 2020, which is expected to fund operations into 2023.

Akerna Pins Hopes On New Markets

Cannabis technology company Akerna (Nasdaq: KERN) announced financial results for its quarter ending September 30, 2020 with revenue rising 16% to $3.7 million over last year’s $3.1 million for the same time period. Akerna missed the Yahoo Finance average analyst estimate for revenue of $4.49 million. They hope to enrich their efforts by expanding their market. 

Acreage Holdings Revenue Up 42%

Cannabis giant, Acreage Holdings, (CSE: ACRG.A.U, ACRG.B.U), (OTC: ACRHF, ACRDF) reported their third-quarter earnings for 2020 after the market closed last night. The company’s reported revenue was $31.7 million, a 42% increase compared to the same period in 2019. It also was a 17% increase compared to the second quarter this year.

In Other News

Aurora Cannabis Raising $150 Million 

Aurora Cannabis announced they are selling 20 million units for $7.50 a piece in order to raise gross proceeds that equal $150 million. According to Aurora Cannabis, their portion of the proceeds will be used to “fund growth opportunities, working capital, and other general corporate purposes.” Underwriters will purchase the entirety of the issue with a 30-day option to buy an additional 15% of units offered, with the same terms and conditions applying. The units are a comprised of a single share of Aurora’s common stock and a half of a warrant.

This issue adds 20 million new shares to the company’s count, totaling just over 160 million shares outstanding. Aurora was down 8% in mid-afternoon trading today because of this stockholder dilution. 

 


Kaitlin DomangueKaitlin DomangueNovember 11, 2020
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4min860

It’s time for your Daily Hit of cannabis financial news for November 11th, 2020. 

On the Site 

Harvest Health Touts Arizona Potential During Earnings Call

Harvest Health & Recreation Inc. (OTCQX: HRVSF) reported its financial results for the third quarter of 2020 after the market closed on Tuesday with revenue rising 86% to $61.6 million. This was a sequential increase of 11% compared to $55.7 million in the second quarter of 2020. Harvest Health expects to be a huge part of Arizona’s adult-use cannabis market, which was just voted into effect in the 2020 elections. 

Aleafia Revenue Is Flat, Says Sales Set To Improve

Aleafia Health Inc. (OTC: ALEAF) reported its financial results for the quarter ending September 30, 2020, with net revenue of $4.9 million and revenues were flat from the quarter ending in 2019.

“We expect to have our strongest quarter to date in Q4 2020 as we progress towards significant sequential growth in medical, adult-use, wholesale and international cannabis sales. The strategic path we’ve executed upon, from building out facilities, to receiving three major licenses in 2020, to formulating new products, is now bearing fruit. With the introduction of vape cartridges, sublingual strips, and with many more launches to come, the commercialization of our business at scale is truly in full swing,” said Aleafia Health CEO Geoffrey Benic

Survey shows 75% of veterans are interested in cannabis

According to a 2019 survey conducted by Iraq and Afghanistan Veterans of America (IAVA), 75% of military veterans say they’d consider using either “cannabis or cannabinoid products as a treatment option.” 83% of respondents expressed their support for medical cannabis access, while 63% of participants believe that the Department of Veterans Affairs should “allow for research into cannabis as a treatment option.” 

In Other News 

Grow Generation Reports Q3 Earnings Results

Grow Generation is a specialty garden center with 31 locations across 11 US states. The company recently released their third quarter earnings, and reports that, “Revenues rose 153% to $55.0 million, for third quarter 2020, versus $21.8 million for the same period last year.” The company’s gross profit margin for Q3 was 26.5%, compared to 29.9% in the same quarter last year. The company’s online sales increased by 112% year over year. 

Sundial Reports Third Quarter Earnings Results

According to the press release, “Branded net cannabis sales increased to 77% of total cannabis sales from 69% in the previous quarter as Sundial continues to transition from reliance on wholesale to branded retail sales, and “Net cannabis revenue for the third quarter of 2020 was $12.9 million, a decrease of 36% over the second quarter of 2020 due primarily to focus on branded retail sales.”  

“While our third quarter revenue decreased, we are pleased with the demonstrated improvement in operating discipline, successful cost optimization initiatives and a material reduction of our debt,” said Zach George , Sundial’s CEO. “Following the announcement of our financial restructuring in June of this year, we have accelerated improvements in our operating practices targeting a sustainable cost structure and a simplified business model that will better enable us to focus on delighting consumers.”


Kaitlin DomangueKaitlin DomangueNovember 10, 2020
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3min690

It’s time for your Daily Hit of cannabis financial news for November 10th, 2020. 

On the Site

Organigram Shares Plunge On New $60 Million Offering

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. announced an underwritten public offering of units of the company led by Canaccord Genuity Corp. who has agreed to purchase 32,500,000 Units from Organigram at a price of C$1.85 per Unit, for total gross proceeds of C$60,125,000.

Indus Holdings Turns Corner Despite Wildfire Challenges

Following the market close on Monday, Indus Holdings, Inc.  (OTCQX: INDXF)reported its financial results for the third quarter ended September 30, 2020, with revenue at $14.1 million. This was a 40% year-over-year growth from the third quarter last year and an increase of 43% from the prior quarter. “Despite the headwinds caused by the wildfires, our Q3 results are the direct result of a strategy that prioritizes increased cultivation output and the Indus family of owned products,” says Mark Ainsworth, Chief Executive Officer for Indus Holdings, Inc.

Zappy Wants You To Join The Mind Army

Mike “Zappy” Zapolin participates in both sides of the psychedelic marketplace. He’s an advocate for the use of psychedelic drugs and fights for legalization with his group, the Mind Army. He’s also a businessman and is building a ketamine company because of his passion for treating people. Green Market Report was able to chat with Zappy on several psychedelic topics, watch the video on YouTube here

In Other News

Harvest Health Reports Third Quarter Results for 2020 

Harvest Health reported a revenue of $61.6 million for Q3, which is up a whopping 86% from 2019’s third quarter. The adjusted EBITDA for Q3 2020 was $10.5 million, a big jump compared to $4.1 million in the second quarter of 2020. 



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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