Marijuana Money July 2, 2021

Akerna (NASDAQ: KERN) is predicting the 4th of July will bring in over $206 million in legal cannabis sales across the United States. The report predicts July 2nd to be the second highest sales day of the year, just after 4/20. 

TPCO Holding Corp. also known as The Parent Company (OTCQX: GRAMF) is buying a West Hollywood, CA dispensary named  Calma West Hollywood in a deal valued at $11.5 million. It is expected to close in the third quarter of 2021.

There were a few earnings to discuss this week. 

High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) said its revenue increased by 99% to $40.9 million in the second quarter versus $20.6 million in the same quarter last year. 

Flower One Holdings Inc. (CSE: FONE) (OTCQX: FLOOF) reported first quarter revenue rising 53% to $13.9 million over last year’s $8.8 million. This topped the previous guidance from Flower One of $13.5 million and was a big jump sequentially over the fourth quarter’s $9.7 million.

Cannara Biotech Inc. (TSXV: LOVE) (OTCQB: LOVFF) announced preliminary unaudited revenue results for the quarter ending in  May. The Company expects total revenue to be approximately $7.1 million, representing a $5.1 million increase compared to the second quarter of 2021.

CBD company Exactus, Inc. (OTCQB:EXDI)  acquired Panacea Life Sciences which was founded by Leslie Buttorff, in 2017 as a woman-owned business Buttorff will lead the newly merged company.

It seems like capital raising is back with a vengeance. 

 Kadenwood, a leading plant-based wellness company has raised $50 million of cash and media value in a Series B fundraising round. 

Nabis, California’s largest licensed cannabis wholesale marketplace platform, announced it raised $23 million in a Series B funding round.

Columbia Care Inc.  (OTCQX: CCHWF) closed its previously announced private placement raising $75 million.

Markets will be closed on Monday in the U.S. to celebrate the fourth of july holiday. Everyone have a safe and happy weekend.

 

Video Staff


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Happy Friday! Here’s the week’s top news all bundled up in one quick Marijuana Money: December 2, 2021

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