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Herbal Dispatch Announces Closing of Oversubscribed Equity Private Placement
Thenewswire· 2025-10-20 12:30
 October 20, 2025 – TheNewswire - Vancouver, B.C. – Herbal Dispatch Inc. (CSE: HERB) (“Herbal Dispatch” or the “Company”) is pleased to announce that in furtherance to its news releases issued on July 29, August 28, and September 3, 2025, the Company has closed its oversubscribed non-brokered private placement (the “Private Placement”), with the sale of 41,564,220 units (each a “Unit”) at a price of CAD$0.05 per Unit, for aggregate subscription proceeds of CAD$2,078,211. Each Unit subscribed for under the ...
Rubicon Organics Announces Health Canada Cultivation License For Cascadia (Hope, BC) Facility
Globenewswire· 2025-10-20 12:00
Core Insights - Rubicon Organics has received a license from Health Canada to cultivate, process, and store cannabis at its new Cascadia facility in Hope, British Columbia, marking a significant milestone for the company [1][2][3] - The new facility, spanning 47,500 square feet, will add 4,500 kg of production capacity, increasing total annual capacity to 15,500 kg, which represents a 40% increase [2][6] - Operations at the Cascadia facility are now underway, with the company expecting to generate its first revenue in the first half of 2026 [2][3] Facility and Capacity Expansion - The Cascadia facility will enable Rubicon to meet the unmet demand for its premium cannabis products in Canada and international markets [3][6] - The company has renamed its existing facilities, with the Delta facility now called Pacifica and the Hope facility named Cascadia, reflecting its West Coast culture and broader market focus [4][8] Market Position and Growth Potential - Rubicon Organics is positioned as a leader in the premium cannabis segment, supported by a vertically integrated model and a strong national distribution network [5][6] - The company emphasizes its focus on premium quality, innovation, and operational execution, which has led to consistent revenue growth and positive Adjusted EBITDA [7] - With proprietary genetics and award-winning products, Rubicon is well-equipped to capitalize on both domestic and international market opportunities [6][7]
AWH to Hold Third Quarter 2025 Earnings Conference Call on Monday, November 10, 2025
Prnewswire· 2025-10-20 12:00
Core Points - Ascend Wellness Holdings, Inc. (AWH) will hold a conference call on November 10, 2025, at 5:00 PM ET to discuss its third quarter 2025 financial results [1][2] - The conference call can be accessed via a dial-in number or a live webcast, which will also be archived for replay [2] Company Overview - AWH is a multi-state, vertically integrated cannabis operator with assets in Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio, and Pennsylvania [2] - The company owns and operates advanced cultivation facilities, producing award-winning strains and a curated selection of products for both retail and wholesale customers [2] - AWH's product lines include in-house brands such as Simply Herb, Ozone, Ozone Reserve, High Wired, Effin', Common Goods, and Royale [2]
VNQ: Sell Your REIT ETFs
Seeking Alpha· 2025-10-19 06:31
Group 1 - Alan Brochstein is a pioneer in the cannabis investment sector, starting his career in the securities industry in 1986 and founding AB Analytical Services in 2007 to provide consulting for investment advisors [1] - He has been managing the investing group 420 Investor since 2013, focusing on publicly-traded cannabis stocks and moving the group to Seeking Alpha in 2023 [2] - The 420 Investor group covers 20 stocks, providing investment news, earnings report previews, and post-report analyses, along with a model portfolio and multiple weekly video analyses [2] Group 2 - New Cannabis Ventures, co-managed by Alan, has been a key provider of financial information in the cannabis industry since 2015 [1] - The investing group offers a monthly newsletter and a chat feature for investor questions, enhancing community engagement [2]
Tilray Brands Marks Seven Years of Cannabis Legalization in Canada with the #1 Market-Leading Position by Revenue and Pioneering Brands with Growing Market Share in the World's Largest Federally Legal Cannabis Market
Globenewswire· 2025-10-17 11:00
Core Insights - Tilray Brands, Inc. celebrates the seventh anniversary of cannabis legalization in Canada, highlighting the country's role as the largest federally legal cannabis market globally and its progressive regulatory framework that fosters innovation and economic opportunities [1][2] Company Overview - Tilray is a global lifestyle and consumer packaged goods company operating in the cannabis, beverage, and wellness industries, with a mission to inspire joy and create memorable experiences through its diverse brand portfolio [8] Economic Impact - The company has invested over C$1 billion in Canadian infrastructure, paid approximately C$700 million in excise taxes, and contributed hundreds of millions in various taxes, significantly legitimizing the cannabis industry and supporting local economies [2][4] Market Position - Tilray holds the leading sales position in several cannabis categories, including pre-rolls, beverages, oils, and chocolate edibles, and has achieved the strongest quarter-over-quarter growth among the top five Canadian cannabis producers [4][5] Product Innovation - The company operates 15 leading cannabis brands in Canada, with several valued between C$100 million and C$300 million, and is recognized for pioneering new product innovations such as THC/CBD-infused beverages and shareable edibles [3][5] Future Growth Opportunities - Tilray aims to capitalize on future industry growth through expanding cannabis in healthcare, on-premise consumption of THC beverages, and regulatory modernization to enhance competitiveness and innovation [6][7] Infrastructure and Capacity - The company has 5 million square feet of advanced cannabis cultivation facilities and a current production capacity of 210 metric tons, with significant expansion capabilities to meet rising demand [7] Global Expansion - As regulatory landscapes evolve in Europe and the United States, Tilray is well-positioned to seize new opportunities and establish a leading presence in these emerging markets, reinforcing its status as a global cannabis industry leader [7]
Tilray Brands Marks Seven Years of Cannabis Legalization in Canada with the #1 Market-Leading Position by Revenue and Pioneering Brands with Growing Market Share in the World’s Largest Federally Legal Cannabis Market
Globenewswire· 2025-10-17 11:00
Core Insights - Tilray Brands, Inc. celebrates the seventh anniversary of cannabis legalization in Canada, highlighting the country's role as the largest federally legal cannabis market globally and its progressive regulatory framework that fosters innovation and economic opportunities [1][2] Company Overview - Tilray is a global lifestyle and consumer packaged goods company operating in the cannabis, beverage, and wellness industries, with a mission to be a leading premium lifestyle company [8] - The company has invested over C$1 billion in Canadian infrastructure and paid approximately C$700 million in excise taxes, contributing significantly to the economy [2] Market Position - Tilray is recognized as Canada's largest legal cannabis company by revenue, leading in various product categories including pre-rolls, beverages, oils, and chocolate edibles [4] - The company holds over 40% market share in THC beverages through its XMG and Mollo brands, and its edibles brand, Chowie Wowie, is noted for its quality [5] Innovation and Product Development - Tilray operates 15 leading cannabis brands in Canada, with several valued between C$100 million and C$300 million at retail, and is known for pioneering new product innovations [3] - The company has adopted advanced agronomic techniques for greenhouse cannabis cultivation, maintaining one of the industry's lowest cost structures while producing high-quality products [3] Future Growth Opportunities - The company aims to expand cannabis in healthcare and promote on-premise consumption of THC beverages, which could drive future growth [6] - Tilray's infrastructure includes 5 million square feet of advanced cultivation facilities and a production capacity of 210 metric tons, positioning it well to respond to rising demand [7]
2025 State of the Cannabis Industry: Blank Rome Hosts Premier Conference Featuring Top Industry Leaders
Globenewswire· 2025-10-16 22:46
Boston, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Blank Rome LLP is set to host the ninth annual State of the Cannabis Industry conference, gathering leading professionals to analyze and discuss the many challenges and opportunities facing the multibillion-dollar cannabis sector. The conference will take place on Monday, October 27, 2025, from 8:30 a.m. to 6:00 p.m. ET at Omni Boston Hotel at the Seaport with a live-stream option available. “Scott and I are thrilled to host the ninth annual Blank Rome State of the ...
Auxly to Present at the Planet MicroCap Showcase: Toronto
Prnewswire· 2025-10-16 11:45
Core Insights - Auxly Cannabis Group Inc. is a leading consumer packaged goods company in the cannabis products market, headquartered in Toronto, Canada [3] Group 1: Company Presentation - Auxly will present at the Planet MicroCap Showcase: Toronto on October 22, 2025, at 11:30 AM EST [1] - Hugo Alves, the CEO of Auxly, will host the presentation and answer questions afterward [1] Group 2: Event Details - The live presentation can be accessed through a webcast link provided for the Planet MicroCap Showcase: Toronto 2025 [2] - For those unable to attend the live presentation, all company presentations will be available on the conference event platform under the "Agenda" tab [2] - Interested investors can book one-on-one meetings with Auxly by registering for the event [2]
Verano Elevates Expanding Vape Product Portfolio with Exclusive, First-to-Market Launch of Revolutionary HYPHEN System
Globenewswire· 2025-10-16 11:00
Core Insights - Verano Holdings Corp. has launched HYPHEN, a new all-in-one pod system designed to enhance its vape portfolio, allowing consumers to switch between different extracts, sizes, and brands easily [1][4] Product Features - HYPHEN features a modular battery design that accommodates various oil and volume categories within a single unit, providing flexibility for consumers [1] - The product will initially be available in major cannabis markets, including Arizona, Illinois, Maryland, and New Jersey, with plans for expansion to additional states [2] - HYPHEN includes a pre-heat option and three temperature settings to optimize flavor and vapor, along with an embedded NFC chip for accessing deals and promotions [3] Market Strategy - The launch of HYPHEN is aimed at meeting consumer demand for differentiated products that offer value, convenience, and quality in the evolving vape category [4] - Verano's marketing strategy emphasizes the combination of simplicity and innovation, positioning HYPHEN as a revolutionary product in the cannabis vape market [4] Company Overview - Verano Holdings Corp. is a leading multi-state cannabis operator with a focus on providing high-quality cannabis products and a superior shopping experience across medical and adult-use markets [5] - The company operates in 13 U.S. states with 15 production facilities and over 1.1 million square feet of cultivation capacity [5]
Should You Buy This Stock After It Recorded a Surprise Profit?
Yahoo Finance· 2025-10-16 09:50
Core Viewpoint - Tilray Brands has experienced a significant recovery in its stock price over the past six months, with shares up nearly 25% year to date, driven by positive developments in the cannabis industry and a better-than-expected quarterly earnings report [1][2][4]. Financial Performance - For the first quarter of fiscal year 2026, Tilray reported a revenue increase of 5% year over year, reaching $209.5 million. The company also recorded a net income of $1.5 million, marking a notable shift from its previous net losses [4]. Market Sentiment and Regulatory Environment - Speculation regarding potential legal changes in the U.S. cannabis industry, particularly the possible reclassification of cannabis from Schedule 1 to Schedule 3, has contributed to the positive market sentiment surrounding Tilray [2]. - The company is seen as a leading player in the cannabis sector, benefiting from the news related to cannabis reclassification, which could ease funding challenges for growers [2]. Challenges and Future Outlook - Despite recent gains, Tilray faces challenges, including plans to raise up to $51.6 million by selling additional shares, which may dilute existing shareholders. This highlights ongoing financial difficulties [5]. - The long-term outlook for Tilray's stock remains uncertain, with indications that it may not deliver strong returns despite recent momentum [6].