MedMen CEO Adam Bierman Deflects in Reddit AMA
Fri / Jan 24th
The CEO of MedMen went on Reddit Friday to answer questions from the general public. After about an hour, he ended the session, leaving numerous questions unanswered.
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Fri / Jan 24th
The CEO of MedMen went on Reddit Friday to answer questions from the general public. After about an hour, he ended the session, leaving numerous questions unanswered.
Fri / Jan 24th
MedMen has proposed giving its vendors shares in the company instead of cash in an attempt to reduce overhead and conserve funds after its “restructuring” last year.
Tue / Jan 7th
Aurora Cannabis has listed its Exeter, Ontario-based greenhouse for sale at an asking price of C$17 million, a potential sign of financial stress for the Canadian firm.
Thu / Dec 19th
Canada’s Tilray was targeted by a $300 million lawsuit from Florida soap company Trimax, who accused the cannabis company of trying to bankrupt one of their subsidiaries in hopes of getting a cheaper acquisition.
Thu / Dec 12th
Colorado businessman and author Jeffrey Friedland has been issued a $4.1 million fine for allegedly misleading investors about Israeli cannabis company OWC Pharmaceutical Research.
Fri / Dec 6th
Hightimes Holding Corp. disclosed doubts about the High Times magazine’s ability to continue operations due to “recurring operating losses, net operating cash flow deficits, and an accumulated deficit.”
Tue / Dec 3rd
Recent surveying data suggests that investors are evenly split between whether or not they would ever invest in the cannabis space.
Fri / Nov 8th
Bruce Linton — who was ousted from the CEO position at Canopy Growth Corp. in July — was announced this week as the new executive chairman at Vireo Health.
Thu / Nov 7th
High Times CEO Kraig Fox confirmed the restructuring in an email to Ganjapreneur. Going forward, DOPE’s content will be produced at the High Times Los Angeles headquarters.
Wed / Nov 6th
Canada-based Columbia Care, a global cannabis company, is set to acquire Colorado-based The Green Solution in a mostly stock deal worth $140 million.
Fri / Oct 25th
Heco Corp., a licensed cannabis producer in Canada, just laid off about 200 workers — including some executive positions — in order to adjust “to a changing market and regulatory environment.”
Wed / Oct 16th
The United Kingdom has given a license to Canada’s Canopy Growth that allows the company to import bulk medical cannabis products into the UK.
Wed / Oct 9th
The acquisition deal between MedMen and PharmaCann has been called off; the companies announced the deal’s termination as “mutual.”
Tue / Oct 8th
A class-action lawsuit against Sundial Growers Inc. in Canada claims the company’s U.S. stock prices were affected by an unreported incident where $1.9 million worth of cannabis was returned to the company due to poor quality.
Wed / Sep 18th
The first U.S. patent for a specific hemp cultivar has been awarded to Charlotte’s Web Holdings, creator of the renowned CBD-rich strain of the same name.
Tue / Aug 20th
Aurora Cannabis has announced a new brand — Aurora Hemp — after acquiring industrial hemp company Hempco Food and Fiber Inc.
Tue / Aug 13th
Following a failed Health Canada inspection, cannabis producer CannTrust has received a non-compliant rating and must now propose a remediation plan to regulators.
Mon / Aug 12th
Canopy Growth has inked a deal to acquire two research firms, pending regulatory approval.
Mon / Aug 12th
The auditor for CannTrust Holdings has withdrawn its audits for 2018 and Q1 2019 after Health Canada orders the company to hold 5000 kg of inventory.
Fri / Jul 26th
Details have emerged about the CBD trials partnership between the Ultimate Fighting Championship and Canada’s Aurora Cannabis; the trials will investigate CBD’s effectiveness in wound care, recovery, pain treatment, and more.
Thu / Jul 18th
Aurora Cannabis Inc. has secured an exclusive license to provide Italian pharmacies with medical cannabis products.
Thu / Jul 18th
Curaleaf Holdings Inc. will acquire GR Companies Inc. in an $875 million cash and stock deal; the sale will create the largest cannabis company in the world by revenue, the company announced.
Fri / Jul 5th
Canopy Growth’s long-time CEO Bruce Linton is officially out after the Canadian company saw significant losses this year. Linton says the decision stemmed from company directors that were installed by Constellation Brands, an alcohol distributor with 38 percent ownership of the company.
Tue / Jun 18th
Cannabis track-and-trace compliance software company MJ Freeway has rebranded as Akerna following a merger with MTech Acquisition Corp.; the new company begins trading on the NASDAQ today.
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