Industry Headlines: Page 33

Texas Hemp Business Council Tells Texas Lawmakers ‘Don’t Mess With Hemp’

The organization’s members testified May 29 at a public hearing on banning delta-8 and delta-9 THC, listing 10 reasons to keep hemp products legal in Texas.

Curaleaf Opens Miami North Biscayne Medical Cannabis Dispensary

The new North Miami Beach location expands the company’s retail presence to 62 stores in Florida and 146 nationwide.

Agrify Corp., Nature’s Miracle Terminate Planned Merger Under Mutual Agreement

The termination marks a U-turn from a signed definitive agreement announced just four days earlier.

Green Horizons Opens Initial 100K Square Feet of Mega Cannabis Cultivation Facility in California

State Treasurer Fiona Ma attended the company’s ribbon cutting for the first phase of its 1-million-square-foot cultivation campus in Coachella.

Nature's Miracle, Agrify Sign Definitive Merger Agreement

The transaction is expected to close in the second half of 2024.

SOMAÍ Group, and Its Subsidiary, RPK Biopharma Expand Cookies Partnership to Include Europe and the UK

AYR Wellness Reports $118M in Revenue for Q1 2024 Results

Cannabis rescheduling “validates” the company’s determination to build a “sustainable business that will win in the long-term,” CEO says.

UK’S Medical Cannabis Boom: Patients, Demand and Consumption Surge to All-Time Highs - With a Record Number of Private Clinics

Stevie Van Zandt’s Silvio's Stash Brand Debuts in Michigan Cannabis Market with Primitiv Collaboration

'The Sopranos' star and founding member of Bruce Springsteen’s E Street Band Stevie Van Zandt is bringing his cannabis brand, Silvio's Stash, to the Michigan market in collaboration with Calvin Johnson Jr. and Rob Sims’ Primitiv cannabis company.

Ascend Wellness Holdings Reports $142.4M Net Revenue for Q1 2024

The multistate cannabis operator's net revenue, which excludes intercompany sales of wholesale products, increased nearly 25% year-over-year.

Trulieve Reports $298M in Revenue for 1st Quarter 2024

The Florida-based multistate operator opened three new dispensaries and attributed 4% revenue growth to higher retail traffic and average basket sizes.

The Cannabist Co. Reports 1st Quarter 2024 Results

The multistate cannabis operator ended the three-month period with $122.6 million in revenue with a gross profit of $42.5 million.

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