Video StaffAkerna (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.
