General Cannabis Archives

Debra BorchardtOctober 28, 2019

General Cannabis Corp. (OTCQX: CANN) entered into a non-binding term sheet to acquire substantially all of the assets of a licensed recreational cannabis retailer in Boulder, Colorado. This comes two months after the company said it was buying a Denver-based dispensary. In August, General Cannabis made its move saying it was taking these actions based […]

StaffAugust 8, 2018

It’s time for your Daily Hit of cannabis financial news for August 8, 2018: On The Site Insys Therapeutics Inc. Insys Therapeutics Inc. (INSY) delivered its earnings today after the market close and following an earlier announcement that it had settled with the Department of Justice. Insys said that it had agreed to pay $150 million over five years and […]

Debra BorchardtJune 26, 2018

Merger and acquisition activity in the cannabis industry is lit this year. So far in 2018, Viridian Capital reports that there have been 106 public and 26 private M&A deals in the cannabis industry for a total of 132 deals for the week ending June 8. Compare this to only 73 deals for the same […]

StaffMay 14, 2018

It’s time for your Daily Hit of cannabis financial news for May 14, 2018. On The Site Canopy Growth Canadian-based medical marijuana company Canopy Growth (TWMJF) announced that it has applied to the New York Stock Exchange (ICE) to list its shares. The company said that it expects to begin trading at the exchange by […]

StaffApril 25, 2018

Here’s your Daily Hit of cannabis financial news for April 25, 2018: On The Site: Zynerba Pharmaceuticals Inc. Zynerba Pharmaceuticals (ZYNE) announced 12-month results for its cannabidiol (CBD) gel to treat adults with epilepsy. The data is being presented today at the Emerging Science session of the 2018 Annual Meeting of the American Academy of Neurology (AAN) […]

StaffApril 23, 2018

This is your Daily Hit of cannabis news for April 23, 2018: On The Site: Maricann & Broken Coast Add More Capacity Aphria Inc. (APHQF) announced that its subsidiary, Broken Coast Cannabis received a license amendment from Health Canada that provides Broken Coast with an additional 18,000 square feet of production space as part of […]

StaffMarch 13, 2018

General Cannabis (CANN) reported a 19% decrease in losses for the year ending December 2017 with revenue of $8.2 million versus last year’s revenue of $10.1 million. The loss per share was $0.40 versus last year’s loss per share of $0.66. The company said that as of December 31, 2017, it had an accumulated deficit […]

StaffFebruary 20, 2018

Colorado-based General Cannabis Corp (CANN), announced its highest quarterly revenue results for the fourth quarter ending December 31, 2017, and paid down its long-term debt. The company delivered approximately $990,000 in revenues for an increase of 27% over last year’s fourth quarter. Annual revenues increased 15% to $3.5 million versus last year’s $2.9 million. The […]

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The Daily Hit - TEST TEST TEST

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