Marijuana Cash June 11, 2021


Connecticut failed to maneuver ahead with legalizing adult-use cannabis gross sales. The state has already legalized medical marijuana, however state Republicans thwarted the trouble to increase legalization by delaying a vote.

This week Vireo Well being modified its title to Goodness Development Holdings, which is analogous to the businesses retail retailer title Inexperienced Items. The corporate additionally modified its ticker from VREOF to GDNSF on the OTC Market.

Jushi Holdings obtained caught up on its monetary earnings releases. The corporate delivered the complete yr 2020, fourth quarter 2020, and first quarter 2021 this week. For the first-quarter income elevated 29% sequentially to $32 million. Jushi additionally forecast that for the second quarter revenues needs to be within the vary of $40-$45 million, which is a bit of slower progress than what the corporate has been experiencing

Planet 13 reported document gross sales in Might as Las Vegas comes roaring again to life. Might is the threerd month in a row the corporate has had document gross sales as the corporate recorded $11 million. Gross sales are even higher than earlier than the pandemic and Vegas accommodations are rapidly promoting out as vacationers return from lockdowns.

California provide chain firm purchased the cannabis software program firm Blackbird, which as soon as belonged to TILT Holdings.

In cash strikes, Crimson White & Bloom raised over $36 million and retired $7.7 million in debt. Whereas Auxly Hashish raised $15 million. Viridian Advisors has famous that thus far in 2021, cannabis firms have raised twice as a lot cash as in 2020 at this level within the yr.

 

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