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CLS Holdings USA, Inc. Provides Update on Reverse Stock Split (Share Consolidation) and Announces CSE Delisting
Newsfile· 2025-07-09 20:30
Core Points - CLS Holdings USA, Inc. announced a reverse stock split of one post-Consolidation Share for every 4,000,000 pre-Consolidation Shares, approved by 94.27% of Stockholders [1] - The effective date of the Consolidation is set for July 11, 2025, following unanimous approval from the Board of Directors [2] - Stockholders will receive a cash payment of $0.037 per pre-Consolidation Share for any fractional shares resulting from the Consolidation [3] - CLS has applied for voluntary delisting from the Canadian Securities Exchange, with the delisting expected to occur on the same date as the effective date of the Consolidation [4] - CLS Holdings USA Inc. operates as a diversified cannabis company, focusing on integrated cannabis production and retail, utilizing a patented method for cannabinoid extraction [5]
Aurora Cannabis Inc. (ACB) Announces Filing and Mailing of the Management Information
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-07-09 14:55
Core Points - Aurora Cannabis Inc. has filed and mailed the management information circular for the upcoming annual general and special meeting of shareholders [1] - The meeting is scheduled to be held virtually on August 8, 2025, at 1:00 p.m. Eastern time [2] - Shareholders are encouraged to vote their shares by the deadline of August 6, 2025, at 1:00 p.m. Eastern time [3] Company Overview - Aurora Cannabis is a leading global medical cannabis company based in Canada, serving both medical and consumer markets across Canada, Europe, Australia, and New Zealand [4] - The company offers a diverse portfolio of adult-use and medical cannabis brands, including Drift, San Rafael '71, MedReleaf, and others [4] - Aurora holds a controlling interest in Bevo Farms Ltd., a major supplier of propagated agricultural plants in North America [4] Shareholder Engagement - Shareholders can access the management information circular on the company's website and are encouraged to watch a message from the CEO and CFO reflecting on fiscal 2025 [2] - The company emphasizes the importance of shareholder participation and provides contact information for assistance with voting [3]
3 Marijuana Stocks To Watch As Summer Trading Heats Up
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-07-09 14:51
Industry Overview - The cannabis industry is experiencing continuous growth, leading to optimism among investors despite current market conditions [1][2] - There is a lack of sustained volatility in cannabis stocks, which has hindered shareholder profits [2] - Federal legalization is speculated to be a key resolution for the public sector of cannabis companies [2] Company Highlights - **GrowGeneration Corp.** operates retail hydroponic and organic gardening stores in the U.S. and has entered a distribution agreement with V1 Solutions for its products in the EU and Costa Rica [4] - **Hydrofarm Holdings Group, Inc.** manufactures and distributes hydroponics equipment in the U.S. and Canada, reporting a decrease in net sales to $40.5 million from $54.2 million [6][5] - **The Scotts Miracle-Gro Company** reaffirmed its full fiscal year 2025 guidance and is involved in the manufacture and sale of gardening products [8][10] Financial Performance - Hydrofarm's gross profit for Q1 2025 was $6.9 million, with a gross profit margin of 17.0%, down from 20.2% [11] - Adjusted gross profit margin decreased to 21.0% from 23.4% [11] - The company reported a net loss of $14.4 million, an increase from $12.6 million, and an adjusted EBITDA of $(2.4) million compared to $0.3 million [11]
Vireo Growth Inc. Announces Retirement of November 2024 Convertible Note
Globenewswire· 2025-07-09 12:30
Core Points - Vireo Growth Inc. announced the retirement of a US$10 million convertible note originally issued on November 1, 2024, and concurrently issued a new US$10 million convertible note as part of its refinancing initiatives [1] - The repayment and issuance of the convertible notes are classified as a "related party transaction" under Multilateral Instrument 61-101, exempting them from formal valuation and minority shareholder approval requirements [2] - The new convertible note was issued under exemptions from the registration requirements of the U.S. Securities Act and applicable Canadian and U.S. state securities laws [3] Company Overview - Vireo Growth Inc. was founded in 2014 as a pioneer in the medical cannabis industry, focusing on building a disciplined and execution-oriented platform while leveraging a national portfolio [4]
THC Therapeutics, Inc. Announces Acquisition of SugarTop Buddery
Globenewswire· 2025-07-09 12:30
Core Insights - THC Therapeutics, Inc. has acquired STHoldings Group LLC, the parent company of SugarTop Buddery, in an all-share transaction valued at approximately $3 million [1][2][5] - This acquisition is part of THCT's ongoing roll-up strategy to expand its operations in the cannabis industry, particularly in Oregon [2][8] - SugarTop Buddery, founded in 2015, is recognized for its community-driven approach and commitment to artistry, equity, and sustainability [3][10] Company Overview - SugarTop Buddery has generated approximately $2.1 million in revenue in 2024, with peak performance reaching around $4.3 million in 2022 [4] - The brand is known for its innovative product offerings, including stylish pre-rolls and collaborations with artists, and has a strong emphasis on social equity and women in cannabis [7][10] - The acquisition will provide SugarTop Buddery with the necessary capital and resources to expand nationally and internationally [4][5] Strategic Implications - The acquisition enhances THCT's portfolio by adding a resilient and culturally significant brand that aligns with its values-driven strategy [5][8] - Anna Kaplan, CEO of SugarTop Buddery, will play a key role in shaping THCT's consumer strategy across its entire portfolio [8] - THCT aims to create a bi-coastal, vertically integrated national cannabis platform by acquiring proven operators and market-leading brands [8][13]
TerrAscend Completes $79 Million Non-Dilutive Debt Financing
Globenewswire· 2025-07-09 12:00
Proceeds used to retire $68 million of existing debt with the remainder designated for future growth initiatives Additional facility of up to $35 million available for strategic M&A No material debt maturing until late 2028 TORONTO, July 09, 2025 (GLOBE NEWSWIRE) -- TerrAscend Corp. (“TerrAscend” or the “Company”) (TSX: TSND, OTCQX: TSNDF), a leading North American cannabis company, today announced that the Company, together with certain entities that are consolidated by the Company (the “Consolidated Entit ...
Tilray Brands to Announce Fourth Quarter and Fiscal Year 2025 Financial Results on July 28, 2025
GlobeNewswire News Room· 2025-07-09 11:00
Core Viewpoint - Tilray Brands, Inc. is set to release its financial results for the fourth quarter and full fiscal year ended May 31, 2025, on July 28, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will be announced after market close on July 28, 2025 [1] - A live conference call and audio webcast will be held to discuss these results at 4:30 PM Eastern Time on the same day [2] Group 2: Company Overview - Tilray is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America [3] - The company focuses on the cannabis, beverage, wellness, and entertainment industries, aiming to elevate lives through moments of connection [3] - Tilray supports over 40 brands in over 20 countries, offering comprehensive cannabis products, hemp-based foods, and craft beverages [3]
X @Forbes
Forbes· 2025-07-09 09:50
WATCH: Meet The Founder Of America’s Best-Selling Cannabis Drink: Brēz https://t.co/HNBQwqOxx4 ...
MEME Coins Inc. Finalizes DOG Token Acquisition from Tipestry Inc.
Globenewswire· 2025-07-09 08:20
Core Insights - Dogecoin Cash Inc. has completed the acquisition of 2 billion Dogecoin Cash (DOG) tokens from Tipestry Inc. in exchange for 250,000 shares of MEME Class A Preferred Stock [1][2] - This acquisition increases Dogecoin Cash's total DOG holdings to 4,020,000,000 tokens, combining direct holdings and those through its subsidiary MEME Coins Inc. [2] Company Overview - Dogecoin Cash, Inc. (OTCQB: DOGP) operates in the medical cannabis telemedicine sector through its subsidiary PrestoDoctor and holds patented cannabis products [4] - The company is also involved in blockchain innovation and aims to leverage digital assets and decentralized finance (DeFi) solutions to create new market opportunities [4] Strategic Objectives - The acquisition aligns with MEME Coins Inc.'s goal to develop a blockchain-aligned infrastructure and token reserve, supporting potential blockchain-related initiatives [2]
X @Forbes
Forbes· 2025-07-09 03:50
Inside Cannabis’ Willy Wonka Flavor Factory https://t.co/8rDyrxbKZX https://t.co/8rDyrxbKZX ...