Gage Cannabis Co Archives - Green Market Report

StaffMarch 20, 2023


The Daily Hit is a recap of the top financial news stories for March 20, 2023.

On the Site

Aurora Seeks to Dilute Shares as Cannabis Capital Raises Remain Scarce

Aurora Cannabis Inc. (Nasdaq: ACB) (TSX: ACB) asked Canadian regulators on Friday to approve a plan to $650 million worth of stocks, debt, and other financial products over the next two years. Read more here.

Bilzerian’s Ignite Faces More Trouble Over Documents

Instagram celebrity Dan Bilzerian and his cannabis-focused company Ignite International Brands are in hot water with the courts for not turning over documents in a contract dispute case. According to Law360, the company was told on Feb. 28 that it had 10 days to produce 65 documents, which it failed to do. Read more here.

Michigan’s Gage Cannabis Pinches TerrAscend’s Earnings

TerrAscend said it effectively overpaid for both Ferndale-based Gage Cannabis and Morenci-based Pinnacle Emporium as the value in the Michigan market plummeted due to product oversupply and increased competition. The publicly traded company (OTC: TRSSF) recorded a $332.5 million loss in 2022, largely due to $311.1 million in impairment charges tied to the acquisitions. Read more here.

Housing Works Launches Legal Cannabis Delivery in ‘Select NYC Neighborhoods’

The first licensed recreational cannabis retailer in New York has now added home delivery to its options for customers, albeit in only a handful of areas within New York City. Housing Works, the nonprofit that launched adult-use marijuana sales in December, began offering home delivery a “few weeks” ago. Read more here.

Mississippi Legislature Tweaks Medical Marijuana Program

Mississippi lawmakers this week gave final approval to a bill that, on its face, contains a number of business-friendly provisions that may make life easier for the state’s medical cannabis operators. House Bill 1158, which both chambers passed as of last week, heads now to Gov. Tate Reeves for his signature. Read more here.

In Other News


Businesses across the recreational cannabis industry in Oregon are facing some of the worst economic conditions since marijuana was legalized over seven years ago. The average price per gram of marijuana has fallen to $4, a record low according to a recent state budget forecast. Read more here.

IGC Pharma

India Globalization Capital Inc. (NYSE American: IGC) becan operating under the new name IGC Pharma Inc., effective March 30, as part of a rebranding strategy that better reflects IGC Pharma’s strategic focus and vision for the future. Read more here.

StaffJanuary 10, 2023


The Daily Hit is a recap of cannabis business news for Jan. 10, 2023.


Virginia Governor Wants a Cannabis Crackdown

The Republican governor of Virginia is asking state lawmakers to give him more tools to crack down on largely unregulated cannabis products and retailers, particularly hemp-derived goods such as delta-8 or delta-10 edibles. Gov. Glenn Youngkin included several such requests in his 2023 state budget proposal. Read more here.

Michigan Company Faces Class Action Suit Over Unsolicited Texts

Massachusetts-based Aey Holdings, which does business as Gage Cannabis Co., is being sued by a Michigan woman who said the company violated federal telemarketing laws when it sent unsolicited texts about its products. In Thursday’s case filed in the Western District of Michigan, plaintiff Nicole Sapphire said the company ignored her “repeated opt-out demands and continued to send plaintiff further text messages.” Read more here.

Maine Recreational Cannabis Sales Nearly Double in 2022

The New England state sold $159 million in cannabis last year, up from $82 million in 2021, Maine Public Radio reported. The number of licensed retailers increased 20% to more than 110. Read more here.

Connecticut Opens Doors to Adult-Use Cannabis Sales

Dispensaries can sell cannabis products to nonmedical customers – so long as they’ve completed the steps necessary to comply with the new rules. As of Monday, nine retailers had been approved, though not all of them will launch recreational sales on day one. Read more here.


Jones Soda Co.

Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) will expand its new Mary Jones cannabis-infused beverage brand to the state of Washington following a successful June launch in California. Washington ranks in the top 10 cannabis markets in the U.S. as well as one of the first with legalization dating back to 2012, making it a priority market for establishing and growing the Mary Jones business. Read more here.

Irwin Naturals Inc. & Braxia Scientific Corp.

Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) signed a letter of intent to enter into a partnership with Braxia Scientific Corp. (CSE: BRAX) (OTC: BRAXF), a medical research company providing ketamine and psilocybin treatments for mental health disorders, to launch clinical research services across Irwin’s growing U.S. based network of clinics, Emergence. Read more here.


More than 300 drivers and warehouse workers at Grassdoor, a cannabis delivery service, have joined Teamsters Local 630. Read more here.

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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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