Canadian marijuana company Aurora Cannabis reduced its debt load by repurchasing roughly 31.3 million Canadian dollars ($23 million) worth of its convertible senior notes. The repurchase of some of the notes cost Aurora CA$29.8 million in cash, according to a Friday morning news release, with Aurora paying a 5.45% discount to the notes’ par value. […]
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New York is “on track” to open 20 adult-use cannabis dispensaries this year, Gov. Kathy Hochul said. The governor also said in an exclusive interview with the Advance Media New York editorial board that roughly 20 more stores will open each month after that, according to The (Syracuse) Post-Standard. ADVERTISEMENT There has been some doubt […]
Cannabis and alcohol company Tilray Brands lost $65.8 million (90 million Canadian dollars) in the first quarter ended Aug. 30 as net revenue declined 9% year-over-year to $153.2 million. Tilray was hit by volatile currencies in the quarter, which shaved as much as $13.3 million off the company’s sales figure in the June-August period, the […]
President Joseph Biden’s historic announcement that he would pardon all federal marijuana possession convictions and direct administration officials to study easing restrictions on the drug sent shockwaves across the country on Thursday, with activists, cannabis industry officials, pundits, and policymakers all weighing in on the issue. Biden announced the move on Thursday, finally taking the […]
The WizVapor Beeper AIO is an all-in-one solution following down the road of the BilletBox Borotank style which means that yes, its capable of using most of your existing billetbox style borotanks. However, the design of this sets it apart from a lot of other borotank devices. CHAPTERS 00:00 – Intro and specs 03:00 – […]
For years past, we regularly counseled our clients about the Telephone Consumer Protection Act (“TCPA”) because the cannabis industry, like many others, were being targeted for TCPA violations which were sometimes legitimate, sometimes not. For those who are still unfamiliar, the TCPA is a federal statute that was passed in 1991 to fight the incessant […]
The clock may be ticking on 2022, but New York is still on track to open its first recreational marijuana dispensaries by the end of the year. That is according to the state’s Democratic governor, Kathy Hochul, who said Wednesday that she expects the first official cannabis retailers to open their doors before 2023. “We […]
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Australian police have charged 14 people following the discovery of a massive commercial cannabis grow worth an estimated $206 million. The extensive commercial cannabis production facility was found on a property adjacent to the Bruce Highway in Queensland’s Isis Central area, when members of the Queensland Police Service’s (QPS) Drug and Serious Crime Group and […]
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