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Marijuana cultivator, retail franchiser Item 9 Labs seeks sale of business

Marijuana cultivator, retail franchiser Item 9 Labs seeks sale of business

Cannabis News

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...
Cannabis producer Organigram reports CA$248 million loss, massive excise bill

Cannabis producer Organigram reports CA$248 million loss, massive excise bill

Cannabis News

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...
Arizona marijuana sales exceed $1 billion in first nine months of 2023

Arizona marijuana sales exceed $1 billion in first nine months of 2023

Cannabis News

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...
Canadian cannabis insolvencies persist in 2023 amid industry woes

Canadian cannabis insolvencies persist in 2023 amid industry woes

Cannabis News

(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...
Mississippi marijuana lab sounds alarm on THC, pesticides

Mississippi marijuana lab sounds alarm on THC, pesticides

Cannabis News

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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  • Revolutionizing Payment Solutions in High-Risk Sectors: InCrowd Capital Opens Equity Investment Opportunities

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