Item 9 Labs Corp., the parent company of marijuana retail franchise business Unity Rd. and Arizona cultivator Item 9 Labs, has retained Sharp Capital Advisors to help sell its business. Phoenix-based Item 9 entered receivership in July. ADVERTISEMENT Item 9 includes...
Canadian cannabis producer Organigram reported a loss of 248.6 million Canadian dollars ($185 million) in the 2023 fiscal year, postponed its free cash flow guidance and appointed a permanent chief financial officer.The Toronto-based company also reported paying...
Marijuana sales in Arizona surpassed the $1 billion mark for 2023 in September, despite some month-over-month sales declines earlier this year. From January to September, total medical cannabis sales were $267 million and adult-use sales were $797 million, according...
(This story has been updated to reflect the status of Red White & Bloom’s acquisition of Aleafia Health.)Financially distressed cannabis companies continued to seek refuge in Canadian insolvency law in 2023, although such insolvency filings under one statute...
A Mississippi marijuana laboratory alleged that cannabis products sold in gasoline stations and convenience stores in the state contain potentially dangerous contaminants and far more delta-9 THC than is legal.Steep Hill Mississippi representatives said at the lab...
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