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Canopy Rivers Takes $112 Million Charge On PharmHouse

Canopy Rivers Takes $112 Million Charge On PharmHouse

by InfluencER | Nov 10, 2020 | Investors

Canopy Rivers Inc. today released its unaudited condensed interim consolidated financial statements in Canadian dollars and acknowledged taking a $112 million hit for its PharmHouse investment. The total comprehensive loss for the quarter was $87.0 million. On a...
New Jersey Lawmakers File Marijuana Sales Bill Days After Voters Approve Legalization

New Jersey Lawmakers File Marijuana Sales Bill Days After Voters Approve Legalization

by InfluencER | Nov 9, 2020 | Politics and Law

Less than a week after New Jersey voters overwhelmingly approved a referendum to legalize marijuana, state lawmakers are set to take up a new bill on just what the cannabis sales system will look like, including who will profit from the projected multibillion-dollar...
White-label branding might be marijuana industry’s next hot trend

White-label branding might be marijuana industry’s next hot trend

by InfluencER | Nov 9, 2020 | Sales and Operations

The complexity and cost of obtaining cannabis licenses have many brands turning to white-label branding. White labeling, a practice common among mainstream businesses, is when a product is produced by one company but packaged and branded to make it appear as if...
N.M. Medical Cannabis Program on Track to Break $200M Before Year End

N.M. Medical Cannabis Program on Track to Break $200M Before Year End

by InfluencER | Nov 9, 2020 | Sales and Operations

Combined patient sales from the 34 licensed producers in New Mexico’s Medical Cannabis Program totaled $55 million for the third quarter of 2020, an increase of $21 million reported patient sales in the third quarter of 2019. Ultra Health topped all producers in the...
State Reveals Stores Have Sold Marijuana Products Valued at Half a Billion Dollars

State Reveals Stores Have Sold Marijuana Products Valued at Half a Billion Dollars

by InfluencER | Nov 9, 2020 | Sales and Operations

For the sixth consecutive month, Illinois has crushed yet another cannabis sales record, having reached a $500-million-worth benchmark of legal marijuana products that have been bought since the program was launched at the start of this year. Illinois has shown that...
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