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Video StaffJanuary 27, 2023


Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) is finally exiting a trio of legacy western states in search for better profits. The exodus will begin this month with the “proactive closure of the majority of its operations” including its production and cultivation facilities in California, Colorado, and Oregon. The company cited the lack of enforcement over the illicit market and price compression as to why it was tapping out of the west coast. The company is also laying off 10% of its workforce. The company said it expects to save $60 million through the moves.

New York-based Ascend Wellness Holdings (CSE: AAWH.U) (OTCQX: AAWH) announced its expansion into Maryland with its $19 million purchase of Devi Holdings, which runs four operational medical marijuana dispensaries. The move marks the seventh state in which Ascend Wellness has a footprint, according to a press release. The company already has cannabis shops in Illinois, Massachusetts, Michigan,  New Jersey, Ohio, and Pennsylvania, according to its website.

Long-awaited federal guidance on cannabis clinical drug trials for humans has finally arrived. The guidance document from the U.S. Food and Drug Administration follows the 2018 federal farm bill, which removed cannabis with less than 0.3% THC by dry weight from the list of controlled substances. The move could dramatically accelerate the value of the CBD industry, which has been waiting on the guidance, and it could also help the industry back up some of the health claims various companies have made, which got them warning letters from the agency.

In state news…

Mississippi began its medical cannabis sales this week. The state legalized medical marijuana just a year ago. 

New York opened its first social equity applicant dispensary and the state approved 30 more retail licenses. 

In legal news this week, Nike is suing a Texas cannabis company for using the slogan “Just Hemp it”. A Michigan developer filed a $60 million lawsuit claiming delays led to a loss of funding and tenants for its project and Helping Hands Wellness Center Inc. in Nevada had its licenses suspended after inspectors “discovered Helping Hands’ employees were diverting product to the illicit market. 

As a reminder, you can now submit applications to the 2023 GMR Women’s Leadership Awards, just head over to the website and there’s a link in our Summits tab.

Next week we expect earnings from High Tide, Scotts Miracle-Gro, and MedMen.

Video StaffAugust 19, 2022


I’m Debra Borchardt and this is your marijuana money minute. We took a bit of a break from our video schedule, but we are back. Green Market will be  hosting its first Tech Summit in San Francisco on September 8. You can buy tickets and register on the website under the Summits tab.

This was another big week for earnings.

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) announced its revenue rose 12% to $224 million. The company also trimmed its net losses to $10 million from last year’s net loss of $30 million. 

Cresco Labs reported approximately $218 million in revenue during the period. The company also reported that it has maintained its position as the number one cannabis wholesaler in the country.

Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH) reported its revenue rose 16.2% quarter-over-quarter and increasing 20.7% year-over-year, to $117.7 million. Ascend said its net loss dropped to $21.2 million during the quarter. The company said it helped being in the New Jersey market.

Ayr Wellness reported $110 million in revenue during the period, up 20.6% versus the same period last year. The company said it expected its revenue to grow by 10% for the rest of the year.

Not doing so well is Greenlane who delivered $39.9 million in total revenue during the quarter, falling from $46.5 million in the previous quarter. The company also said it was looking to decouple from its cannabis packaging company KushCo, which it merged with not long ago. Conspicuously absent from the company’s earnings statement was CEO Nick Kovacevich who had been the CEO at KushCo before taking on the role at Greenlane. 

Also turning in a disappointing number was Jay-Z cannabis company The Parent Co. who reported approximately $27.4 million in revenue, a 27% drop from last year. The Parent Co. also reported a second-quarter net loss of $30 million versus a $33.5 million loss sequentially. 

Don’t forget to register for the Tech Summit as we head to the west coast in September. 


Video StaffFebruary 27, 2020


Social Club TV is a collaboration between RONIN Content Services CEO Josh Otten and Cookies CEO Berner Milan Jr. Green Market Report was able to talk with Otten about the new venture which features over 17 series and 300 episodes. SCTV can be found on Apple TV, Roku and Pluto. The channel will be hitting Amazon Prime in the second quarter.  Thank you for watching the Green Market Report! Be sure to subscribe to stay up to date on all our videos. The Green Market Report focuses on the financial news of the rapidly growing cannabis industry.

Video StaffJanuary 25, 2019


It was a shortened trading week with Martin Luther King’s day celebrated on Monday.

Still, we’ve got a couple of acquisitions to report this week.

Tilray (TLRY) acquired Natura Naturals in a deal valued at $70 million. Natura gets $35 million at the closing, but if they hit certain milestones it could go higher. Last July Emblem said they were buying Natura for $75 million but that deal never went through.

High Times is buying the European cannabis event called Spannibis that is held in Spain. The company is paying $3 million in cash and $4 million in company stock.

Cronos Group (CRON) closed on a $65 million credit facility.

KushCo Holdings (KSHB) closed on a $34 million offering.

Doyen Elements International, Inc., announced its rebranding and renaming itself to Covalent Collective, Inc. In addition, the Company announced Bill Gregorak as Chief Executive Officer, effective immediately.

The news that took this week was an announcement by Acreage Holdings (ACRG.U) that it had tried to place an ad advocating for patients of medical marijuana to the Super Bowl. It was rejected by CBS who said it wouldn’t run cannabis ads. The ad featured three patients who told their stories of being helped by medical marijuana, not necessarily Acreages. It wasn’t promoting Acreage or suggesting you buy their product. Even though CBS won’t allow the ad, the stadium in Atlanta Georgia will be running a promotion for a CBD coffee product. So, that could be interesting if the cameras accidentally broadcast the stadium ad. That could get tricky


Video StaffJuly 26, 2018


They say the future is female, and there are few places where that is more apparent than in the cannabis industry. Once thought of as a male-dominated industry, women have quickly claimed their place as leaders in this burgeoning industry.

According to Marijuana Business Daily, women make up approximately 27% of C-Suite level positions in the cannabis industry, which doesn’t sound like much until you realize that the national average is only 23%. What is unsettling, is that in 2015 women held 36% of executive control. That is almost a 10% loss of leadership positioning in less than 3 years.

As the market matures and continues to begin attracting more institutional capital, female entrepreneurs will have to work at keeping the industry a level playing field. And collectively, that is what the trends reveal that they are doing.

For women in cannabis, it has become a badge of honor to know that within their new burgeoning industry ready to take the globe by storm, they hold the largest percentage of ownership, management and control of any industry in the world for their gender. Therefore upon recognition of the possibility of losing that title, the women have begun to band together and work toward the goal of making cannabis the first industry in the world to achieve 50% female control.

To read more, download the Axiswire 2018 Trend Report that can be found here.

Video StaffJuly 18, 2018


The Green Market Report Cannabis Company Index recovered following a challenging start to the year. After falling 21.9% in the first quarter, the Index on average gained 20% for the second quarter of 2018.

If you’ll recall at the beginning of the year, U.S Attorney General Jeff Sessions rescinded the Cole Memorandum and stocks responded accordingly with many investors taking profits gained in 2017. There was a great deal of fear that the Department of Justice (DOJ) would begin cracking down on the cannabis industry and shareholders wanted no part of that. As it turns out, the DOJ was more bark than bite and very little punitive action has taken place.

The second quarter began a slow climb back up the charts as shareholders began to return to the market comforted by the lack of movement by the DOJ. The quarter was significant for high profile IPO’s like MedMen Enterprises, The Green Organic Dutchman, and Green Thumb Industries. Adding to the excitement, the major stock exchanges in the U.S. opened their doors to Canadian cannabis companies. The NASDAQ welcomed Cronos Group and the New York Stock Exchange-listed Canopy Growth.

Canada’s final legislative approval for legalized adult-use marijuana in June was met with relief and it was capped off by Prime Minister Trudeau’s setting October 17, 2018, as the goal date for sales. Since so many Canadian cannabis companies have built business strategies around this market, it was encouraging to get a green light with a set date. Uncertainty is always unsettling and these final pieces to the legalization puzzle were finally put in place.

The medical market also received the expected good news for GW Pharmaceuticals from the FDA, which approved its cannabinoid drug Epidiolex. This drug will be used to treat rare forms of epilepsy called Dravet Syndrome and Lennox Gastaut. It uses real cannabis plants and is not a synthetic compound. The company had been achieving all of its drug trial study goals and there seemed to be no reason for the FDA to have turned the company down. So, even with positive expectations, getting the final word was heartening.

Still, the FDA made it clear that its approval did not change the scheduling status for cannabis and that the agency would send a recommendation to the DEA, but did not say what that recommendation would be. GW Pharma was more clear and adamantly stated that rescheduling would occur within 90 days.

This approval has many in the cannabis industry feeling that there will be some big moves for the rescheduling question as a result of the FDA’s approval. Even though there really is no guarantee of this happening, most feel that there is no turning back now for cannabis and a change in its classification is inevitable.

You can read the entire  Index Summary here.



Debra BorchardtNovember 24, 2017


We hope everyone had a wonderful Thanksgiving holiday yesterday. It may be a holiday week, but there was still a bit of news that got delivered.

While we doubt anyone is still holding any shares of MassRoots (MSRT), there was more drama this week. Grab the popcorn. Earlier in the week, the company filed a lawsuit against the former Chief Executive Officer Isaac Dietrich and Dietrich promptly retaliated. The suit filed by MassRoots against Dietrich claimed he had used illegal drugs at the office and engaged in improper sexual activities at the workplace. If that wasn’t enough, the company also claimed that Dietrich misappropriated company funds to the tune of $250,000. Dietrich was not about to be outdone. He’s filed with the SEC a formal request for a shareholder vote. He wants to remove three shareholders and replace them with his board picks. 

Aurora Cannabis Inc. (ACBFF) has gone on a spending spree. The Canadian based cannabis company announced that it had entered into an agreement to acquire H2 Biopharma Inc. H2 is currently completing a 48,000 square foot cannabis production facility. Aurora also announced that it was acquiring greenhouse engineering company Larssen Ltd., This all is happening as the company embarks on a hostile takeover of CanniMed Therapeutics.

Axim Biotechnologies (AXIM) delivered its third-quarter earnings with revenues essentially flat, but losses were trimmed as the research and development expenses increased dramatically. Revenues weren’t even mentioned in the company’s press release regarding its earnings for the quarter ending September 30, 2017.

Canadian-based CannTrust Holdings Inc. reported its third-quarter earnings with revenues of C$6.1 million and net income of C$655,309. Revenues increased 680% over last year Active patients soared to 31,000 over last year’s 4,700 patient count for the same quarter.

Nevada continues to crush it with adult use cannabis sales. The state recorded $27.7 million in the recreational market, which was $5 million more than the state had planned, but a little less than August’s $33 million

And finally, Black Friday is also a big deal for the cannabis industry. Sales over the holiday weekend spike for dispensary owners and the brands alike. This is the second busiest holiday for sales for the industry with April 20 being the number one in sales.

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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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