New Cannabis Ventures

Ascent Industries Faces License Suspension or Revocation in Nevada

Ascent Industries Wholly-Owned Subsidiary Receives Notification of Potential Suspension, Revocation or Non-renewal of Business License VANCOUVER, Feb. 15, 2019 /CNW/ – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) wishes to advise that Sweet Cannabis (“SC”), the Company’s wholly-owned subsidiary operating in Las Vegas, Nevada has received notice from […]

Innovative Industrial Properties Prices Upsized $125 Million Private Placement

IIP Operating Partnership, LP Prices Private Offering of $125 Million of 3.75% Exchangeable Senior Notes Due 2024 SAN DIEGO, February 15, 2019–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that its operating partnership subsidiary, IIP Operating Partnership, LP (the “Operating Partnership”), priced a private offering of $125 […]

Aphria Special Committee Finds No Issues with LATAM Acquisition

Aphria Announces Conclusion of Special Committee Review Special Committee concludes that acquisition of LATAM assets was within an acceptable range as compared to similar acquisitions by competitors Review also involved independent physical inspection of operating LATAM assets, confirming facilities, licenses and employment Provides recommendations for further governance enhancements Company provides […]

Canopy Growth Quarterly Revenue Surges to $83 Million as Gross Margin Declines

Canopy Growth Corporation Reports Third Quarter Fiscal 2019 Financial Results: Gross Sales of $98M; Net Revenue hits record $83M Cannabis shipments totaled 10,102 kilograms and kilogram equivalents. Net income of $74.9 million, including changes in fair values of financial liabilities included in Other Income. Closed the previously announced $5 billion […]