Hi [%first_name | Friend%],

British Columbia Distribution Centers are facing a strike that may disrupt the supply chain and leave shelves bare. We included plenty of information on how to get a license in New York. And the CEO of Tilray gave some insights on the future of the cannabis market in what he calls a $100M industry.

A few weeks ago the biggest scam in cannabis history started to unravel. An investment platform, Juicy Fields, looks like it was a Russian Mafia related Ponzi Scheme that has lost over €500M from potentially 100s of thousands of mostly international investors. The scary thing is it looks like they will get away with it. :(

Feel free to subscribe to our Cannabis or CBD News Roundups.

Have an exceptional week!
Jessica

2022-08-15
Columbia Care Inc. (CSE: CCHW) (OTCQX: CCHWF) reported financial results for Q2 with revenue rising by 18% to $129M over last year’s $109M.
Agrify Corp. (Nasdaq: AGFY) had an up-tick in early trading despite the company posting results below analysts’ expectations.
4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) posted positive results at the end of business.
IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) reported financial results for Q2.
Atai Life Sciences (NASDAQ: ATAI) announced fiscal results for Q2 ending June 30, 2022 with no revenue, but an update on expenses and cash levels.
Rubicon Organics Inc. (OTCQX: ROMJF) delivered mostly positive results that show initial profits
Planet 13 Holdings (OTC: PLNHF) posted results below expectations, demonstrating waning demand and slimming margins.

2022-08-16
Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) announced its unaudited financial results for Q2 with revenue increasing 12% to $224M versus the same time period in 2021.
Greenlane Holdings Inc. (NASDAQ: GNLN) had a morning slump in trading with company revenue dropping.
InterCure Ltd. (NASDAQ: INCR) (TSX: INCR.U) posted positive results despite missing revenue expectations.
Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) posted positive results for the quarter, showing capacity as a west-coast operator to reduce losses and pay down debt.
Field Trip Health changed its name to Reunion Neuroscience Inc. (TSX: FTRP) (Nasdaq: FTRP) and reported its fiscal Q1 2023 results for the period ending June 30, 2022.
UK Government Allocates £500,000 Funding For Innovate Cannabis Research.

2022-08-17
Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) had a strong performance in early trading, posting positive Q2 results — enforcing its position as the largest wholesale cannabis provider.
Mydecine Innovations Group (NEO: MYCO) (OTC: MYCOF) is closing down after the company has burned through its cash and closed its research operations in Denver Colorado.
Lev Capital, the commercial real estate (CRE) financing platform, secures $41.5M in Cannabis CRE Financing Across the U.S., Breaking Down Barriers to Federal Loans in the Market.

2022-08-18
Ayr Wellness Inc. (OTCQX: AYRWF) posted results that missed expectations, but ended on a positive for the day.
Decibel Cannabis Company Inc. (TSX-V: DB) (OTCQB: DBCCF) posted promising results showing gains in the Canadian market and overseas.
Medical Marijuana Inc. (OTC: MJNA) reported $7.8M in net revenue in Q2 of 2022.

2022-08-19
IM Cannabis (NASDAQ: IMCC) (CSE: IMCC) announced a $5M Private Placement led by its management team.