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Jushi and Real Housewives Star Stacey Rusch Celebrate Successful Launch of Lifestyle Cannabis Brand ‘Shayo’
Globenewswire· 2025-06-23 20:37
Core Insights - Jushi Holdings Inc. has launched a new cannabis-infused wellness brand named Shayo in partnership with entrepreneur Stacey Rusch, targeting Virginia's medical cannabis market [1][3] - Shayo aims to provide a unique edible experience with products that emphasize joy and wellness, featuring two distinct rosin-infused fruit chews [2][3] Product Details - Shayo offers two products: Rise (Blood Orange Pomegranate) with a THC:CBG ratio of 1:2, and Rest (Berry Vanilla) with a THC:CBN ratio of 1:2, both designed for specific wellness outcomes [2] - The products are vegan, gluten-free, non-GMO, and made with natural fruit purées, highlighting their premium quality [2] Market Presence - Shayo products are currently available at all six Beyond Hello locations in Virginia, with plans for expansion to additional dispensaries across the state [3] - The early success of Shayo has exceeded expectations, indicating strong market reception [3] Company Background - Jushi Holdings Inc. is a vertically integrated cannabis company focused on building a multi-state portfolio of branded cannabis assets through acquisitions and competitive applications [6] - The company aims to maximize shareholder value while delivering high-quality products across the cannabis ecosystem [6]
Glow Lifetech Provides Commercial Update; Expands to 1000+ Stores in Ontario and Achieves #2 Oil Brand with MOD
Newsfile· 2025-06-23 11:30
Core Insights - Glow Lifetech Corp. has achieved significant market momentum in Ontario, expanding its retail distribution to over 1,000 licensed stores, marking a 45% increase year-to-date and establishing itself as the 2 ranked oil brand with its MOD™ line [2][3][4] Group 1: Retail Expansion - The company has expanded its retail footprint to over 1,000 stores in Ontario, reflecting strong demand for its differentiated product portfolio [2][3] - This expansion is expected to continue, further solidifying Glow's position as a category leader in the province [2][3] Group 2: Brand Performance - Glow's flagship MOD™ brand has advanced to become the 2 ranked oil brand in Ontario, indicating a growing base of loyal consumers and successful product launches [3][4] - The sustained growth trajectory of both MOD™ and .decimal™ brands is supported by strong commercial traction and record demand [3][4] Group 3: Product Innovation - Glow launched MOD™ CBN:THC Drops in May 2025 and secured a new listing for MOD™ CBN:CBD Drops in early June, both of which have seen strong customer demand [5] - These new products tap into the rising demand for CBN-based formulations, reinforcing Glow's commitment to developing innovative cannabis products [5]
Verano Announces Exclusive Partnership with Award-Winning Arizona Cannabis Operator Grow Sciences to Bring its Best-In-Class Products to Illinois
Globenewswire· 2025-06-19 10:00
Core Insights - Verano Holdings Corp. has announced an exclusive partnership with Grow Sciences to introduce premium cannabis products to the Illinois market, starting June 21, 2025 [1][2][3] Group 1: Partnership Details - The partnership will initially offer Grow Sciences' products exclusively at Zen Leaf dispensaries in Illinois, with plans to expand to third-party dispensaries later [1][2] - Grow Sciences is recognized for its elite cannabis genetics and solventless extraction methods, and will introduce thirteen sought-after strains to Illinois, including Prickly Pear and Florida Jack [2][3] Group 2: Product Offerings - The product lineup includes flower eighths, 1-gram flower joints, live hash rosin cartridges, hash rosin extracts, and live rosin fruit chews, with various strains available for each product type [3][4] - Flower products will feature seven strains, while live hash rosin cartridges and extracts will include six strains each, showcasing the quality and variety of offerings [3][4] Group 3: Company Background - Verano Holdings is a leading multi-state cannabis operator with a mission to enhance the cannabis shopping experience across medical and adult-use markets [5] - The company operates in 13 U.S. states with over 1.1 million square feet of cultivation capacity, emphasizing quality and a diverse product portfolio [5]
High Tide Reports Second Fiscal Quarter 2025 Financial Results
Prnewswire· 2025-06-16 20:00
The Company Generates $4.9 Million in Free Cash FlowDaily Same Store Sales Across the Canna Cabana Network Increased by 6.2% Year Over YearThe Company Discloses That it is in Exclusive Discussions Related to a Transaction with a Leading German Medical Cannabis Importer and WholesalerThis news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023. The Company Now Operates 200 ...
1 Beaten-Down Stock Down 99% That's Still Not Worth Buying
The Motley Fool· 2025-06-14 20:15
Core Viewpoint - Canopy Growth has significantly underperformed in the cannabis industry, losing 99% of its value over the past five years, with shares trading under $2, making it unattractive for investment [1][11]. Financial Performance - Canopy Growth reported a net revenue of 65 million Canadian dollars for Q4 of fiscal year 2025, down 11% year-over-year, despite a 4% increase in cannabis revenue in Canada [6]. - The company remains deeply unprofitable, with a net loss per share of CA$1.43, worsening from a CA$1.03 loss per share in the previous year [7]. Market Challenges - The cannabis market is heavily regulated, leading to stiff competition and oversupply issues, particularly in Canada and the U.S., where cannabis remains illegal at the federal level [4][10]. - Canopy Growth's international operations, including its subsidiary Storz & Bickel, have not mitigated the negative impact on overall performance [2][6]. Management Outlook - Management has attempted to present a positive outlook by highlighting a 49% reduction in total debt during fiscal year 2025 and aims to achieve positive adjusted EBITDA in the "near term" [8][9]. - Despite potential long-term opportunities in the U.S. cannabis market, the vague nature of management's goals raises skepticism about the company's future profitability [8][9]. Investment Sentiment - The current lack of revenue growth and the uncertain regulatory environment in the U.S. contribute to the view that Canopy Growth is not an attractive investment option [10][11].
3 Marijuana Stocks That Could Give You A Profitable Portfolio
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-06-13 13:54
Industry Overview - The cannabis industry is experiencing significant growth globally, with legal cannabis expanding rapidly [1] - Despite the industry's growth, marijuana stocks have not seen comparable success, but there is potential for profitability in the future [1][2] - Companies are expanding operations and forming partnerships to meet increasing consumer demands [1] Market Sentiment - There is a cautious sentiment among investors regarding the long-term advantages of owning marijuana stocks, as the sector has not shown a consistent recovery [2] - Short-lived trading jumps have made it difficult for investors to capitalize on profits, leading to speculation about future performance [3] Company Highlights - **GrowGeneration Corp.**: Operates retail hydroponic and organic gardening stores in the U.S. and has entered a distribution agreement with V1 Solutions to expand into the European Union and Costa Rica [4][6] - **Hydrofarm Holdings Group, Inc.**: Manufactures and distributes hydroponics equipment in the U.S. and Canada [7] - **The Scotts Miracle-Gro Company**: Engages in the manufacture and sale of gardening products and has reaffirmed its fiscal year 2025 guidance [10][12] Financial Performance - The Scotts Miracle-Gro Company reported a decrease in net sales to $40.5 million from $54.2 million, with a gross profit margin decline to 17.0% from 20.2% [13] - The company experienced an increase in net loss to $14.4 million compared to $12.6 million, and adjusted EBITDA was $(2.4) million compared to $0.3 million [13] - U.S. consumer net sales showed low single-digit growth, with a non-GAAP adjusted EBITDA forecast of $570 million to $590 million [14]
GrowGeneration Announces International Expansion with Distribution Agreement Across the European Union and Footprint in Costa Rica
Globenewswire· 2025-06-10 12:00
Core Insights - GrowGeneration Corp. has entered into a distribution agreement with V1 Solutions to expand its market presence in the European Union and Costa Rica, targeting the growing demand for hydroponic and organic gardening products [1][2][4] Group 1: EU Expansion - The partnership with V1 Solutions will leverage their strategic relationships with commercial cultivators in Europe, allowing GrowGen to meet the increasing demand for advanced cultivation products as cannabis regulations evolve [2][4] - Target markets in the EU include Germany, Portugal, Malta, Luxembourg, the Netherlands, Czech Republic, Greece, and Macedonia, all of which are experiencing significant cannabis cultivation developments [7] Group 2: Central America Expansion - GrowGen has launched its proprietary brands in Costa Rica, which has issued over 50 licenses for hemp and cannabis production in the past year, positioning it as a key growth market in Central America [3][4] - The favorable growing conditions and developing export infrastructure in Costa Rica enhance its potential for cannabis cultivation [3] Group 3: Product Offerings - GrowGen will supply its proprietary brands, including Drip Hydro, Char Coir, Ion Lighting, Power Si, and The Harvest Company, to commercial cultivators, garden centers, and licensed operators in the targeted regions [2][4] Group 4: International Strategy - The company is exploring additional markets in Eastern Europe and Latin America, aiming to serve high-growth regions through local partnerships and product education [4] - GrowGeneration's international sales infrastructure and regulatory expertise position it well to capitalize on the cannabis cultivation boom in regions with advancing legalization [4]
LEEF Brands Announces Successful Completion of Acquisition of its New York License
Globenewswire· 2025-06-09 13:00
VANCOUVER, British Columbia, June 09, 2025 (GLOBE NEWSWIRE) -- LEEF Brands Inc. (CSE: LEEF) (OTCQB: LEEEF) (“LEEF” or the “Company”), a premier California and New York extraction company, today announced a significant development as it begins to expand nationally. LEEF Closes on New York Type 1 Cannabis Processor LicenseLEEF has officially closed on the acquisition of a Type 1 Cannabis Processor License in New York. This is a plant-touching license that allows the Company to engage in extraction, blending, ...
2 Marijuana Stocks For Future Gains 2025
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-06-07 12:53
Group 1 - The marijuana sector is currently experiencing a downturn in trading, with companies facing challenges in market performance impacting their stock prices [1][2] - Federal reform and the rescheduling of cannabis are seen as crucial for the industry's growth and for creating a safer investment environment [2][3] - Companies are strategizing and remaining patient, with optimism for future gains keeping investors engaged despite current market conditions [3] Group 2 - Greenlane Holdings, Inc. focuses on the development and distribution of cannabis accessories and vape devices across multiple regions including the U.S., Canada, Europe, and Latin America [4][6] - The company renewed its distribution agreement with PAX, which enhances its portfolio and strengthens its market position in the growing cannabis vaporizer market [7] - Jushi Holdings Inc. is a vertically integrated cannabis company involved in cultivation, processing, retail, and distribution for both medical and adult-use markets in the U.S. [9]
Rubicon Organics Acquires Hope Facility to Accelerate Premium Cannabis Growth Strategy
Globenewswire· 2025-06-05 11:00
VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- June 5, 2025 – Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) ("Rubicon Organics", "Rubicon" or the "Company"), a licensed producer focused on cultivating and selling organic certified and premium cannabis products, today announced the closing of its acquisition of an operational, purpose-built 47,500 sq. ft. indoor cultivation facility in Hope, British Columbia. The acquisition is a key milestone in Rubicon's growth strategy to expand premiu ...