Daily Hit Archives - Page 2 of 43 - Green Market Report

StaffStaffJune 15, 2020
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4min950

It’s time for your Daily Hit of cannabis financial news  for June 15, 2020.

On The Site

4Front

Multi-state operator 4Front Ventures (OTC:FFNTF) reported its fourth-quarter and full-year fiscal 2019 results, plus the company gave preliminary first-quarter numbers. The fourth-quarter revenue increased 525% to $17.5 million over last year’s revenue for the same time period. 2019 revenue increased 786% to $31 million over 2018’s revenue of $3 million.

The company delivered a fourth-quarter net loss of $5.4 million and included a non-cash impairment charge of $146.3m related to the timing of the closing of the Cannex transaction. 4FRont delivered a 2019 net loss of $180 million. The company reported a net loss per share of $0.43 for the year versus a net loss of $0.03. The company did say that demand was robust despite the COVID-19 pandemic. The company though isn’t out of the woods just yet. Its balance sheet had cash and equivalents of $11.5 million with total debt of $80.1 million.

MJardin

MJardin Group, Inc.  (OTCQX: MJARF) reported results for its fourth quarter and fiscal year ending December 31, 2019, with revenue falling to $26.7 million versus $27.5 million in 2018. In addition to the drop in revenue, MJardin delivered a 2019 net loss of $267.5 million versus $81.4 million in 2018. This loss included a $207 million impairment related to  goodwill, intangibles, PP&E and a principal promissory note in 2019 and $21 million in 2018.

Mydecine

Mydecine (MYCO.CN) (NLBIF) is quickly upping its fungi authority. The mycology-focused company has signed an agreement with Applied Pharmaceutical Innovation (API), a translational commercial drug institute at the University of Alberta’s Faculty of Pharmacy and Pharmaceutical Sciences.

Mydecine is a fungi and mushroom cultivator/product development company offering unique research and expertise in their field. Their partnership with API will quickly upgrade their value and already existing knowledge in the mycology arena. API is a sea of experts in this field, and the collaboration will provide the company with the ability to fast track its product development.

In Other News

Charlotte’s Web Holdings, Inc  is undertaking an overnight marketed public offering of units of the Company. The Offering is expected to be priced in the context of the market, with the final terms of the Offering to be determined at the time of pricing. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The closing of the Offering will be subject to market and other customary conditions, including approvals of the Toronto Stock Exchange and the applicable securities regulatory authorities.


Kaitlin DomangueKaitlin DomangueJune 10, 2020
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3min1420

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

 

On the Site

 

Namaste Seeing Positive Results From Restructuring

Troubled cannabis company Namaste Technologies Inc. (OTCMKTS: NXTTF) continues its hard journey on the road to recovery as the company reported a 16% increase in net revenues to $5.3 million for the first quarter ending February 29, 2020. Namaste said it was its highest quarterly revenue in two years.

The company also reported that its net losses had been trimmed to $7.4 million from last year’s $10.3 million for the same time period. Namaste said that the improvement reflected the restructuring efforts in 2019 and general business improvements in 2020.

 

GrowGeneration Warns Of COVID Problems In Stock Offering

Grow Generation Corp. (NASDAQ:GRWG) stock fell over 3% in early trading after the company announced a $35 million stock offering and gave hints of potential COVID troubles ahead.

 

On Hemp Market Report, hempmarketreport.com: 

 

New Study Finds CBD Products More Accurate In Labeling

A recent study by the peer-reviewed CBD educational platform LeafReport.com found that a majority of CBD products tested had CBD levels within 10 percent of what was stated on the label. Of the 37 CBD products tested, 27 (73 percent) contained a CBD amount that was within 90–110 percent of the amount advertised by the company, according to the independent investigation by LeafReport. However, the report’s analysts warn that 13 percent of products failed containing more or less than 30 percent of labeled CBD amounts.

 

In Other News

 

Jushi Holdings to Open Seventh BEYOND / HELLO Dispensary in Pennsylvania 

The dispensary will begin sales on June 12th at the Ardmore location.

 

Cresco Labs Appoints Executive Director of NBPA to Their Board of Directors 

Michele Roberts has been appointed to the board of directors for multi-state operator, Cresco Labs. 


StaffStaffJune 9, 2020
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5min1500

It’s time for your Daily Hit of cannabis financial news for June 9 2020.

On The Site

Arcview Report

Legal cannabis sales continue to grow despite the strength of the illegal market. The new State of Legal Cannabis Markets report from The Arcview Group highlights the strengths of the industry going into 2020, while also acknowledging the challenges ahead.

Arcview partnered with analytics firm BDSA and is forecasting that worldwide spending on legal cannabis will grow 38% to $20.4 billion in 2020. Despite this, the lions share of purchases occur in the illegal markets. The report estimates that in 2019 $214 billion was spent in the illicit channels, while $14.8 billion was spent in the legal market.

Harborside

Harborside has new tax lawyers.  Harborside’s (OTC:HSDEF) new tax lawyers have appealed the DECISION of the United States Tax Court entered October 19, 2019, that determined Harborside has deficiencies in income tax in the total amount of $11,013,236.75 for the years 2007-2012.

Harborside has appealed this DECISION to the Ninth Circuit Court of Appeals.  Harborside filed its Opening Brief on May 26, 2020. [See Case: 19-73078, 05/26/2020, ID: 11701759, DktEntry: 19-1]

The determination Harborside has an additional $11+M federal income tax liabilities for the years 2007-2012 is based on Judge Mark V. Holmes’ Opinion on the substantive income tax issues filed November 29, 2018.  Patients Mut. Assistance Collective Corp v. Comm’r, 151 T.C. 176 (2018).

Vireo

Physician-led, science-focused, multi-state cannabis company Vireo Health International, Inc. (OTCQX: VREOF) said that it has elected to terminate its employment agreement with Bruce Linton as Executive Chairman, on an entirely without-cause basis, effective immediately.

“We wish Bruce well in his future endeavors,” said Kyle Kingsley, M.D., Chief Executive Officer & Founder of Vireo. “Our organization will remain focused on executing a strategy which benefits all stakeholders and developing our core medical markets of Arizona, Maryland, Minnesota, New Mexico, New York, and Pennsylvania.” At this time, the company does not expect to fill the role of Executive Chairman.

In Other News

Akerna

Akerna Corp. (Nasdaq: KERN) has closed a $17 million debt financing with  two institutional investors. Proceeds from the financing will be used to support Akerna’s ongoing growth initiatives, continued investment in technology infrastructure and general corporate purposes.

“This financing further strengthens our balance sheet and gives us the ability to capitalize on the significant opportunities that are emerging for Akerna on the heels of the COVID-19 epidemic,” said Jessica Billingsley, chief executive officer, Akerna. “We are seeing more states pursue accelerated cannabis legalization as a means to close budget gaps, as the industry is proving to be recession resilient and, in many states, has been deemed an essential industry. With this financing, we are taking advantage of our unique access to the capital markets to fortify our position as the only scaled technology provider serving the cannabis industry.”

The financing is in the form of a Senior Secured Convertible Note (the “Note”), which is convertible into common stock at $11.50 per share. The Note, maturing on June 1, 2023, has a face value of $17 million and is being issued with an original issue discount of approximately 12%. The Note does not bear interest except upon the occurrence of an event of default and is to be repaid in monthly installments beginning on October 1, 2020.

Organigram

Organigram Holdings Inc. (NASDAQ: OGI) has entered into a multi-year agreement for supply of dried flower to one of Israel’s largest and most established medical cannabis producers, Canndoc Ltd. a subsidiary of InterCure Ltd. (TASE: INCR/INCR.TA).

Canndoc has been a pioneer in pharmaceutical-grade cannabis for more than 12 years. Under the terms of Organigram’s supply agreement with Canndoc, the company will provide a guaranteed 3,000 kg of high quality, indoor-grown dried flower product to Canndoc by December 31, 2021 for processing and distribution into the Israeli medical market, and may provide an additional 3,000 kg during the same time period at Canndoc’s option, subject to certain conditions.


Kaitlin DomangueKaitlin DomangueJune 8, 2020
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4min1440

It’s time for your Daily Hit of cannabis financial news for June 8th, 2020.

On the Site

Schwazze to Buy Star Buds Locations in Colorado

Schwazze(OTCQX: SHWZ) formerly known as Medicine Man Technologies is buying 14 Star Buds locations in the state of Colorado as part of the company’s pending acquisitions. The deal is valued at $118 million and the locations are said to have earned $50 in annual revenue.

MediPharm Closes On $37 Million Private Placement

MediPharm Labs Corp. (OTCQX: MEDIF) closed a private placement with an institutional investor for gross proceeds of C$37,822,500. The company said it plans to use the money for general corporate purposes, including building on the launch of its Cannabis 2.0 offerings with new product formats and expanding its product and Active Pharmaceutical Ingredient exports.

Procan Labs and Horwitz + Armstrong Claim Victory in Huge Lawsuit

Leading cannabis manufacturer in California, Procan Labs, announced its victory in a monumental lawsuit against the state of California. The company was found to have $2.6 million in “black market” cannabis oil as well as $620,000 in cash. The judge ultimately ruled the cannabis oil to be legally produced, as well as ruling that the Controlled Substances Act does not apply to licensed cannabis businesses in the state of California.

In Other News

Aphria

Aphria traded today for the first time on the NASDAQ. As communicated on May 16th of this year, the company will trade under the ticker symbol “APHA” and this will not impact its primary listing on the Toronto Stock Exchange (TSX:APHA).

Sunniva Labs (CSE:SNN, OTCQB:SNNVF) 

The company announced the termination of the previously announced sale of Sunniva Labs. Sunniva Labs was to be acquired by CannaPharm Rx and its 114-acre property in Okanagan Falls, British Columbia. 

Oregon CBD Sales 

Oregon CBD sales topped $100 million for the month of May according to 420 Intel. This is the state’s first $100 million-plus month and it represents a 15% increase from April, as well as a 60% YOY spike from May 2019. 


Kaitlin DomangueKaitlin DomangueJune 4, 2020
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3min1760

It’s time for your daily hit of cannabis financial news for June 4th, 2020. 

On the Site 

Greenlane Shifts Away From JUUL Dependence

Smoking accessories e-commerce brand Greenlane Holdings, Inc. (GNLN) reported falling revenue for the first quarter ending March 31, 2020. Net sales fell 32% to $33.9 million in the first quarter of 2020 versus $49.9 million for the same time period in 2019.

Greenlane blamed the drop on the FDA’s restriction on the sale of certain products, primarily mint-flavored JUUL, and the execution of Greenlane’s plan to deliberately move away from low-margin JUUL sales, to focus on higher-margin products. 

Grassroots Sells Two Facilities To Scythian Real Estate

Grassroots Cannabis has sold two facilities it operated in North Dakota to Scythian Real Estate. Scythian purchased the properties from Grassroots Cannabis for $3.4M. Grassroots is going to lease back the properties. Grassroots Cannabis will continue to operate both North Dakota locations under the name Herbology, offering high-quality medical marijuana products including flower, concentrates, tinctures, vape pens and topicals, as well as one-on-one patient consulting

MedMen, Among Others, Robbed by Looters

Those protesting have taken to robbing cannabis dispensaries in light of George Floyd’s murder. 

“Effective immediately, we are temporarily closing all stores and the corporate office to protect the safety of our employees. The safety of everyone in the MedMen family is the most important thing right now, and we are grateful to report that while our stores were damaged, our employees and security guards were unharmed.” The company said in an internal memo, first reported by Marijuana Moment.

In Other News 

Trulieve Receives Provisional Adult-Use License in Massachusetts 

Cannabis company Trulieve has received a unanimous approval from the Massachusetts Cannabis Control Commission to operate cultivation, manufacturing, and retail operations for the recreational market in Massachusetts. 


Kaitlin DomangueKaitlin DomangueJune 3, 2020
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3min1770

It’s time for your Daily Hit of cannabis financial news for June 3, 2020. 

On the Site 

The Cannabis Beverages of Summer 

mood33, House of Saka, and Cann Social Tonics are three brands offering cannabis infused beverages this summer. mood33 is hemp-derived while House of Saka and Cann Social have THC, too. 

Executive Spotlight: Tyler Robson 

Green Market Report caught up with Tyler Robson, CEO of The Valens Company. Their mission “is to become the world’s most trusted partner for best-in-class cannabis extraction, testing, formulation, product development, and custom manufacturing.”

Canopy Rivers Revenue Is Flat, While Net Losses Grow

Cannabis venture capital firm Canopy Rivers Inc. (OTC: CNPOF) reported its fourth quarter and fiscal year results for the period ending March 31, 2020. Revenue was flat at $2.5 million for the quarter in 2020, while the net losses ballooned to $30 million from 2019’s net income of $3.5 million.

In Other News

World-Class Extractions

World-Class extractions have been approved by the Depository Trust Company to make its common shares eligible for electronic clearing and settlement through DTC’s automated processes.

“Obtaining DTC eligibility demonstrates World-Class’ commitment to increasing visibility and accessibility for our shareholders,” stated Rosy Mondin, CEO of World-Class. “We expect that access to DTC’s platform will enhance liquidity, increase trading volume, presenting World-Class to an even broader range of investors in the United States.”

Driven Deliveries Completes Brand to Consumer Program 

Online cannabis retailer, Driven Deliveries, has welcomed 12 cannabis brands to its Direct to Consumer brand, Brand Budee. 

The Company’s online retail divisions, Ganjarunner and Budee, provide California cannabis consumers with access to hundreds of licensed products through their online ecommerce platform. 


StaffStaffJune 1, 2020
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6min2410

It’s time for your Daily Hit of cannabis financial news for June 1, 2020.

On The Site

Acreage

Multi-state operator Acreage Holdings, Inc. (OTCQX: ACRGF) said it has entered into two definitive funding agreements to receive up to $60 million. According to a company statement, the two funding agreements are as follows:

A Standby Equity Distribution Agreement with an institutional investor, under which the company may, at its discretion, periodically sell to Investor, and pursuant to which the Investor may, at its discretion, require the company to sell to it, up to $50 million of the Company’s Class A Subordinate Voting Shares, no par value.

Completion of a private placement offering, in which it issued $11 million in a principal amount under a secured convertible debenture, with gross proceeds to the Company of $10,000,000 before transaction fees.

Valens

Valens GroWorks Corp. (VLNCF) has entered into a syndicated credit facility with the Canadian Imperial Bank of Commerce as Co-Lead Arranger and Administrative Agent, and ATB Financial as Co-Lead Arranger. The Lenders will provide The Valens Company up to C$40 million of secured debt financing.

International cannabis company Clever Leaves will be listed on the NASDAQ (NASDAQ:NDAQ) as a result of its agreement with the Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA). According to a company statement, SAMA and Clever Leaves will combine and become a publicly-traded company on NASDAQ.

New Study

Green Horizons released a detailed report studying cannabis consumers and the cannabis market in general. The report addresses a diverse selection of topics like social concerns with using cannabis, talking to non-users about why they choose not to use cannabis, and dispensary reports and findings. An interesting part of the report focused on cannabis branding, and how that impacts cannabis users at large.

With terms like “social distancing”, “quarantine”, and “safer at home” orders now common parlance thanks to the Covid-19 global pandemic, it seems an odd time to forge ahead with opening new retail establishments, yet several determined cannabis companies are betting on a better future and doing just that.

Dispensaries

Small business website “The Balance” itemizes the expenses associated with opening a storefront, which include licensing fees, rent, inventory, staffing, and equipment to name a few.  To open even a small business in an inexpensive city or town can cost thousands of dollars. Factor in the extra costs retailers will have to swallow to stay within Covid-19 guidelines for reopening such as plexiglass cashier guards, protective equipment for staff, and restrictions on the number of customers allowed in the store at any one time, and the overhead becomes untenable for many current and aspiring shop owners.

In Other News

Jushi

Jushi Holdings Inc.  (OTCQX: JUSHF) is temporarily closing its BEYOND / HELLO™ Center City and Northern Liberties store locations in Philadelphia amid ongoing demonstrations. Chief Executive Officer Jim Cacioppo said, “We fully support an individual’s right to freedom of speech and the touching peaceful demonstrations that we have seen around the country. We are heartbroken by the murder of George Floyd and the pain it is causing communities across the country that we not only work in, but live and love.

Unfortunately, certain opportunistic bad actors have at times manifested unacceptable behaviors. This past weekend, our Center City and Northern Liberties locations in Philadelphia were broken into, making it impossible for us to safely operate. In addition to these two temporary store closures, we have limited our hours at certain locations in Pennsylvania and Illinois.”

M Jardin

MJardin Group, Inc. (OTCQX: MJAR) has terminated its previously announced acquisition of Carson City Agency Solutions, dba Cannabella, a producer of edibles and topicals located in Carson City, Nevada.

The acquisition, which was expected to close in late 2019, could be terminated by the parties if the transaction hadn’t closed by April 2020. Given the delay in transferring the license, the Company elected to terminate the acquisition. The Company and the vendor are in discussions regarding fees, expenses, and the status of the deposit consideration made in respect of the acquisition.


Kaitlin DomangueKaitlin DomangueMay 28, 2020
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5min1700

It’s time for your daily hit of cannabis financial news for May 28th, 2020. 

On the Site

Canopy River Tightens Belt, Cuts Employees

Canopy Rivers Inc. (OTC: CNPOF) is laying off employees and cutting back on spending as the company focuses on positive cash flow. The venture capital firm that specializes in cannabis companies said that it is streamlining its operations to preserve its cash on hand.

The company said in a statement that it is making the following changes:

  • A material reduction in the Company’s operating cash outflows, including a reduction in headcount, directors’ compensation, marketing expenses, and general corporate expenses of a minimum of 35% from the Company’s fiscal 2020 operating cash outflows on a normalized basis;
  • A focus on generating positive cash flow from operations for fiscal 2021 (year ended March 31, 2021); and
  • A focus on maximizing returns on existing assets.

MedMen Says COVID Has Hurt Sales

On the company’s earnings conference call, interim CEO Tom Lynch said, “Unfortunately, COVID has impacted our sales since the end of March; we’re down in April overall, but have seen a steady increase since. While we’re still not back to our normal levels, pre-COVID, particularly in California, we’re optimistic about our ability to recapture traffic as soon as stay at home orders are lifted.”

MedMen also noted that its Nevada location had suffered saying, “We saw a decrease in overall sales in this market, particularly given the impact that the pandemic has had on tourism into Las Vegas, we’re encouraged about the recent decision to open up cannabis retail again, and have already begun to see a steady ramp-up in revenue.”

In Other News

Aurora Completes Acquisition of Reliva, LLC

Canadian cannabis company, Aurora, has completed the acquisition of hemp-derived CBD company, Reliva. 

“We are pleased to have closed the Reliva transaction ahead of schedule. The partnership between Aurora and Reliva is expected to create a market leading international cannabinoid platform that we believe can deliver robust revenue and profitable growth,” said Michael Singer, Executive Chairman and Interim CEO of Aurora. “I would like to officially welcome Miguel Martin and his team to Aurora, and look forward to increasing Aurora’s operating scale, international reach, and product and brand diversity while in parallel, we remain focused on delivering Adjusted EBITDA profitability in Canada for the benefit of all shareholders.”

Cresco Labs Announces First Quarter 2020 Results

Multi-state operator Cresco announced a record revenue of $66.4 million in Q1 of 2020. This is a 60% growth over 2019’s Q4. The company also revealed the largest cultivation expansion in their company’s history, adding 6x cultivation space in Illinois and 4x the cultivation space in Pennsylvania. There was a 144% increase year over year from Q1 of 2019 to Q1 of 2020. 


Kaitlin DomangueKaitlin DomangueMay 27, 2020
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6min1570

It’s time for your Daily Hit of cannabis financial news for May 27th, 2020. 

On the Site

Green Organic Dutchman Continues to Have High Net Losses

Organic cannabis company The Green Organic Dutchman Holdings Ltd.  (OTC: TGODF) reported revenue of C$3.06 million for the first quarter of 2020 ended March 31, 2020. The company also delivered a net loss of $73.4 million – a staggering amount when the revenues are so small, but it was at least an improvement over the fourth quarter’s net loss of $144 million.

Zynerba Stock Lifts After Positive Study Results For Autism

Zynerba Pharmaceuticals, Inc. (ZYNE) announced positive top-line results from the exploratory, open-label Phase 2 BRIGHT study (An Open-Label Tolerability and Efficacy Study of ZYN002 Administered as a Transdermal Gel to Children and Adolescents with Autism Spectrum Disorder) trial. 

The stock was moving higher by over 8% at one point in early trading to lately sell at $6.69. Most of the analysts covering the stock have rated it a Hold according to Yahoo Finance. The average price target is $15.33.

Michigan Upstart Gage Cannabis Partners With Slang

Up and coming Michigan cannabis company Gage Cannabis has announced a partnership with Slang Worldwide Inc. (OTC:SLGWF) to produce and distribute Slang products. The partnership means that Gage will be including its category-leading products O.penVAPE, Pressies, District Edibles, and Bakked in its dispensaries. SLANG will also provide sales consulting services and will receive royalty payments for each branded product sold in the state.

CFN Media Gets PPP Loan, But Stiffs Workers

CFN Enterprises Inc.  (OTC:CNFN) also known as CFN Media may have gotten a generous PPP loan, but the company isn’t sharing its largesse with its contract labor. Two people who both worked for the company for years have been left unpaid and the company has turned to ghosting them.

“They never actually let us go,” said Hasty. “We just had to stop working for them. They hadn’t paid their bills in six months.” Hasty said that President Frank Lane had even suggested that the company was working on getting the PPP loan and that CFN Media could pay him when the money showed up. “I’ve had zero contact for two months now,” he said.

In Other News

Aleafia Health Changes TSX Ticker Symbols

Here are the changed tickers: 

  • Common shares: “AH”
  • 5% unsecured convertible debentures: “AH.DB”
  • Common share purchase warrants: “AH.WT”

Innovative Industrial Properties Announces Details Surrounding Underwritten Public Offering

The company announced an underwritten public offering of 1,348,389 shares of its common stock for gross proceeds of roughly $100 million. The underwriter has also been allowed a 30-day option to buy up to an additional 202,259 shares. 

The company intends to invest in specialized industrial real estate assets and in general corporate purposes with this generated revenue. 

MedMen Reports Third Quarter Results

The cannabis giant reported revenue of $45.9 million, up 41% year over year. The Adjusted EBITDA loss was reported at $20.7 million for the quarter, an improvement from the $35.1 loss in the previous quarter. MedMen reported their four-wall Adjusted Retail EBITDA margin of 5%, after local taxes and distribution expenses. This is compared to an 8% loss from the previous quarter. 

The company reported positive after-tax cash flow for the month of March.


StaffStaffMay 26, 2020
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5min1940

It’s time for your Daily Hit of cannabis financial news for May 26, 2020.

On The Site

Aphria Inc. NYSE: APHA has decided to throw in the towel on its listing at the New York Stock Exchange and is moving to NASDAQ effective Friday, June 5, 2020, after the market close. Aphria said that shareholders  can expect the common stock will begin trading as a Nasdaq-listed security at market open on Monday, June 8, 2020 and will continue to be listed under the ticker symbol “APHA.” This transition will not impact the company’s primary listing on the Toronto Stock Exchange (TSX: APHA).

It is cheaper for companies to list at NASDAQ than it is to list at the NYSE. The amenities offered to companies that list at NYSE don’t apply to cannabis companies. For example, a cannabis company can list at NYSE, but is not allowed to ring the opening or closing bells. Cannabis companies are treated like second class citizens at the NYSE, but their exchange listing money seems to be considered of equal value.

In Other News

Tilray

Tilray, Inc. (NASDAQ: TLRY) announced that its wholly-owned subsidiary High Park Gardens will close its doors over the course of the next six weeks. As a result of the closure, the company said it expects to realize annualized net savings of approximately $7.5 million (current production costs net of future 3rd party purchases and ongoing depreciation) and avoid significant ongoing capital expenditures.

In 2019, Tilray acquired Natura Naturals Inc., in a deal valued at C$35 million and has since operated it as High Park Gardens.  The deal cost C$15 million in cash and C$20 million in Tilray Class 2 common stock.

The High Park Gardens facility contains 406,000 square feet of Health Canada licensed space for cannabis cultivation and manufacturing. High Park Gardens has worked collaboratively with Tilray’s existing operational sites to primarily serve the adult-use market in Canada.

“We are continuously evaluating the evolving needs of our business, against a challenging industry backdrop, to ensure we’re in the best position to produce world-class products and deliver positive results for our stakeholders,” says Brendan Kennedy, Tilray CEO. “The decision to close a facility is never easy but we are confident that this will immediately put Tilray in a better position to achieve our goals of driving revenues across our core businesses and working towards positive adjusted EBITDA by the end of 2020. We are very confident our existing operations team will continue to serve our valued patients and customers with no interruption. On behalf of myself, the rest of our executive team, and our colleagues across the organization, I’d like to extend my sincere gratitude to the team at High Park Gardens for their contributions to Tilray and High Park.”

TGOD

The Green Organic Dutchman Holdings Ltd.  (OTC:TGODF) has made its first shipment of Highly Dutch, TGOD’s new mainstream brand designed for regular users. Starting today, Highly Dutch is available in Quebec in a one-ounce format (28 grams) of its Rotterdam OG Indica strain and will become available in additional provinces during the weeks ahead. This launch will be followed by additional Highly Dutch strains, sizes, and formats later this summer.



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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