Heritage Cannabis Holdings Archives - Green Market Report

StaffOctober 2, 2023


The Daily Hit is a recap of the top financial news stories for Oct. 2, 2023.

On the Site

Canopy, Tilray Close Deals as One Shrinks and the Other Grows

Today’s transaction closings really sum up the current cannabis industry. One company is shedding assets to generate cash to pay debts, while another is buying assets to build its portfolio. Canopy Growth Corp. (NASDAQ: CGC) told investors it closed the deal to sell its Hershey facility, while Tilray Brands Inc. (NASDAQ: TLRY) closed a deal to buy beverage businesses. Read more here.

MediPharm Settles $9M Dispute with HEXO, Establishes New Deal with Tilray

Toronto-based MediPharm (TSX: LABS) (OTCQX: MEDIF) announced Monday a settlement agreement of $9 million to resolve a long-standing commercial dispute with HEXO. Read more here.

Vext to Acquire Two Ohio Dispensaries in $9.8M Deal

Vext Science (CSE: VEXT) (OTCQX: VEXTF) announced plans Monday to purchase two Ohio-based cannabis dispensaries from Big Perm’s Dispensary Ohio. The acquisition, valued at approximately $9.8 million, will also include all relevant business assets and licenses from the dispensaries. Read more here.

Heritage Cannabis Reports 11% Revenue Boost in Q3

Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) reported an 11% rise year-over-year rise in revenue for the quarter ending July 31, which the company attributed to the strategic push of its brands and diversified revenue avenues. Read more here.

In Other News

Trulieve Cannabis Corp.

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) announced Steve White stepped down as the company’s president, effective as of Oct. 1. White will continue to serve as a strategic advisor until his anticipated retirement at the end of this year. Read more here.

Shiny Health & Wellness

Shiny Health & Wellness Corp. (TSXV: SNYB) reported sales decreased during the period ending July 31, driven primarily by the reduction of the company’s cannabis retail store count from 31 to 26 stores, after closing underperforming stores with higher than usual monthly rental payments. Read more here.


BZAM Ltd. (CSE: BZAM) (OTC: BZAMF) entered into an engagement letter with Clarus Securities on a “best-efforts” marketed basis, a private placement of at least 15,384,615 units at an issue price of C$0.13 per unit for aggregate gross proceeds of approximately C$2 million. The units will be offered by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions. Read more here.

StaffOctober 11, 2022


The Daily Hit is a recap of cannabis business news for Oct. 11, 2022.


More MSOs Move Into West Virginia’s Medical Marijuana Market

As the medical cannabis industry in West Virginia begins to bear fruit, the state is finding more multistate tenants vying for a slice of the pie. Canadian-based Heritage Cannabis Holdings (OTCQX: HERTF) said that has officially begun operations in the state alongside its production partner, Harvest Care Medical, joining the likes of Trulieve (OTC: TCNNF), Verano Holdings (OTC: VRNOF) and Columbia Care, which is now owned by Cresco Labs (CSE: CL). Read more here.

Michigander Sues New York Over Residency for Cannabis Licenses

Variscite NY One, an LLC owned by Kenneth Gay, is suing the state of New York, the New York State Office of Cannabis Management, and its executive director, Christopher Alexander, over the state’s decision to award its first cannabis licenses to New Yorkers who have been incarcerated or arrested for the plant. Read more here.

Vermont Launches Adult-Use Sales, Dozens More Retailers Yet to Open

Vermont launched recreational cannabis sales the first day of October, and though the operators who did open their doors were delighted by the customer turnout, they also know more competition is right around the corner as additional stores continue to open. Read more here.

Court Ruling Could Pave Way for Cannabis Paraphernalia Imports, Exports

According to Above the Law, Canada-based Eteros Technologies was stopped by Customs and Border Protection while importing automated trimming machinery to Washington state last year. Eteros sued, arguing that there’s an exemption written into the Controlled Substances Act for localities that have legalized cannabis where paraphernalia is concerned. Read more here.



Cansortium (CSE: TIUM.U) (OTCQX: CNTMF), a vertically integrated cannabis company operating under the Fluent brand, announced that Patricia Fonseca will resign as chief financial officer of the company, effective Nov. 21. Fonseca has been with the company since March 2021. Read more here.

Fire & Flower Holdings Corp.

Fire & Flower Holdings Corp. (TSX: FAF) (OTCQX: FFLWF), a cannabis consumer retail and technology platform, entered into an amended and rested option agreement with an option to acquire Fire & Flower U.S. and an amended licensing agreement to deploy the Hifyre technology platform in the United States. Fire & Flower U.S. is also in the final stages of submitting applications for five cannabis retail store locations in the state of New Mexico. 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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