Hemp Naturals Archives - Green Market Report

StaffMay 17, 2023


The Daily Hit is a recap of the top financial news stories for May 17, 2023.

On the Site

Curaleaf Q1 Revenue Exceeds Expectations

Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) reported net revenue of $336.5 million for the first quarter of 2023, up $40.5 million from the first quarter of 2022. This beat revenue expectations by nearly $5 million. Read more here.

Pelorus Breaks Credit Grass Ceiling with A Rated Notes

Cannabis debt typically has been given low ratings, if receiving a rating at all. This week, cannabis commercial real estate lender Pelorus Capital Group announced that notes issued by its private mortgage real estate investment trust subsidiary, the Pelorus Fund REIT, received an A rating by Egan-Jones Rating Company – the highest rating issued to date in the cannabis industry. Read more here.

TILT Holdings Secures $4.5M to Restructure Capital Amid Payment Challenges

Tilt Holdings Inc. (NEO: TILT) (OTCQX: TLLTF) closed an offering of up to $4.5 million in senior secured promissory notes, referred to as a bridge loan, on Monday. The company says the move allows it to access up to $4 million in funding from its existing note holders. Read more here.

Hemp Naturals Agrees to $50k Settlement with SEC for Securities Violations

According to the agreement, Hemp Naturals repeatedly failed to file required forms with the SEC between July 8, 2020, and July 6, 2021. During that time, the company sold 534 million shares and raised $2.4 million despite repeatedly lowering its stock price, in contravention with SEC rules. Read more here.

Troubled Skymint Loses Infamous Sports Complex in Michigan

Embattled Skymint invested heavily last year to retrofit the former Summit Sports and Ice Complex near Lansing into a massive marijuana grow and processing operation. The expansion was supposed to double its marijuana production capabilities, but Skymint never completed the build-out. Read more here.

In Other News


Oregon Gov. Tina Kotek found out in April that Secretary of State Shemia Fagan had a consulting contract in connection with a cannabis business, according to Kotek’s spokesperson Elisabeth Shepard. Read more here.

Rhode Island

Gov. Dan McKee on Wednesday named his three nominees to a new Cannabis Control Commission, which will have the authority to regulate the state’s marijuana industry moving forward, including issuing new licenses for additional recreational pot stores. The issuance of up to 33 new license has been stalled by delays in the appointments. 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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