Marijuana Cash July 23, 2021


July 10 or Dab Day is popping right into a dud day. It’s additionally known as “oil” day and the concept is that 710 the wrong way up spells oil. This yr whole US cannabis gross sales decreased by -10.4% over a mean of the earlier 4 Saturdays. concentrates gross sales elevated by 24.1% and have been the one class that loved constructive development.

Ayr Wellness Inc. (OTC: AYRWF) is shopping for Nevada-based Tahoe Hydroponics Firm, LLC in a deal valued at $17 million. It’s a money and inventory deal that may include $5 million in money, $3.5 million in debt, and roughly $8.5 million in inventory. Tahoe Hydro operates roughly 33,000 sq. toes of whole cultivation and manufacturing area in its amenities in Carson Metropolis, Nevada, and Sparks, Nevada.

Entourage Well being Corp. (previously WeedMD Inc.) (TSX-V:ENTG) (OTCQX:WDDMF) introduced preliminary unaudited revenues of $13.6 million for the three months ending June 30, 2021. The corporate mentioned this was one other sequential quarter of file gross sales development throughout its adult-use and medical gross sales channels.

Intelligent Leaves Holdings Inc. (Nasdaq: CLVR) closed on $25 million in financing from Catalina LP, an affiliate of SunStream Bancorp Inc., a three way partnership initiative sponsored by Sundial Growers Inc. (Nasdaq: SNDL).

Empower Clinics (OTC: EPWCF) is promoting its legacy cannabis belongings for $1 million and mentioned it plans to totally deal with its built-in healthcare enterprise. 

Michigan-based Gage Development Corp. (CSE: GAGE) has added one other high-profile identify to its dispensaries. Gage and Pure Magnificence have entered into an unique five-year partnership settlement to launch Pure Magnificence’s line of premium cannabis merchandise in Michigan, pending Michigan. Pure Magnificence is a California-based boutique cannabis model that mixes artwork, tradition, and elegance with sustainable and social justice practices.

And at last, Harborside Inc. (CSE: HBOR), (OTCQX: HBORF) introduced that Peter Bilodeau has been requested to step down from his position as Interim Chief Govt Officer efficient instantly, and Matt Hawkins, Chairman, will assume the place of Interim CEO whereas the corporate completes its seek for a successor.

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