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FLUENT Expands Indoor Cultivation Footprint with First Planting at Rosa Facility in Florida
Globenewswire· 2025-06-03 13:05
Core Insights - FLUENT Corp. has completed the first planting at its new Rosa indoor cultivation facility in Tampa, marking a significant step in its 2025 growth strategy and brand-tiering model [1][2] Facility Expansion - The Rosa facility adds 9,200 square feet of high-efficiency indoor canopy, enhancing FLUENT's commitment to premium, hand-trimmed whole flower production [2] - With the first of three cultivation rooms planted with approximately 1,500 high-THC plants across eight genetics, FLUENT aims to strengthen its supply of high-performing products in Florida's medical market [2] Cultivation Footprint - The Rosa build-out expands FLUENT's total Florida cultivation footprint to 103,000 square feet, consisting of 45,000 square feet of indoor capacity and 58,000 square feet of greenhouse operations [3] - This expansion provides flexible, tiered product output aligned with brand positioning and evolving patient preferences [3] Strategic Focus - The Rosa facility enhances FLUENT's ability to control quality and meet demand with precision as it scales in Florida, reflecting a focus on operational discipline and consistent product excellence [4] - All products grown at Rosa will be sold exclusively through FLUENT's Florida retail network, supporting a multi-tiered brand strategy that includes value-tier Bag-O, mid-tier KNACK, and an upcoming top-tier brand [4] Company Overview - FLUENT Corp. is a national cannabis consumer packaged goods company and retailer, dedicated to operational excellence in cultivation, production, distribution, and retail experience [6] - The company operates in Florida, New York, Pennsylvania, and Texas, employing over 700 employees across 8 cultivation and manufacturing facilities and 42 active retail locations [6]
Glass House Brands Announces June Investor Events
Globenewswire· 2025-06-03 12:00
Group 1 - Glass House Brands Inc. is one of the fastest-growing, vertically integrated cannabis companies in the U.S., focusing on the California market and building leading brands [5] - The company will participate in the Benzinga Cannabis Capital Conference from June 8-10, 2025, with key executives involved in discussions [1][2] - An annual Investor Sesh will be hosted on June 20, 2025, at the Camarillo Farm, featuring the Fiscal Year 2024 General Meeting and opportunities for investors to engage with management [3] Group 2 - Kyle Kazan, Co-founder, Chairman & CEO, will participate in a panel discussion titled 'The Hemp Industry Divide: Quick Cash vs. Sustainable Growth' on June 10, 2025 [2] - The company emphasizes sustainable practices in its operations, from greenhouse cultivation to retailing, aiming to produce outstanding cannabis products for the benefit of all [5] - Interested investors can register for the Investor Sesh and greenhouse tour through the company's website [4]
Cronos Group Inc. to Speak at the TD Cowen 9th Annual Future of the Consumer Conference
Globenewswire· 2025-06-02 19:30
Core Points - Cronos Group Inc. is an innovative global cannabinoid company focused on advancing cannabis research, technology, and product development [2] - The company is committed to building a diverse international brand portfolio, which includes brands like Spinach, PEACE NATURALS, and Lord Jones [2] - Mike Gorenstein, the Chairman, President, and CEO of Cronos, will speak at the TD Cowen 9th Annual Future of the Consumer Conference on June 4, 2025 [1] Company Overview - Cronos Group is dedicated to creating disruptive intellectual property in the cannabis sector [2] - The company aims to responsibly enhance the consumer experience through its brand portfolio [2] - More information about Cronos and its brands can be found on their official website [2]
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Canopy Growth
GlobeNewswire News Room· 2025-06-02 16:05
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Canopy Growth Corporation due to allegations of violations of federal securities laws related to misleading statements and undisclosed costs impacting financial results [3][5]. Group 1: Legal Investigation and Class Action - A federal securities class action has been filed against Canopy Growth, with a deadline of June 3, 2025, for investors to seek the role of lead plaintiff [3]. - Investors who suffered losses from Canopy Growth between May 30, 2024, and February 6, 2025, are encouraged to discuss their legal options with Faruqi & Faruqi [1][3]. Group 2: Financial Performance and Allegations - The complaint alleges that Canopy Growth and its executives made false or misleading statements regarding the company's financial health, particularly concerning the costs associated with the Claybourne product launch and Storz & Bickel vaporizer devices [5]. - Canopy reported a gross margin decrease of 400 basis points to 32% in Q3 2025, primarily due to costs related to the Claybourne product launch and increased indirect costs [6]. - The company experienced a wider-than-anticipated loss of C$1.11 per share in Q3 2025, compared to the C$0.48 per share loss estimated by analysts [6]. Group 3: Market Reaction - Following the announcement of its financial results, Canopy's share price fell by $0.76, or 27.34%, closing at $2.02 per share on February 7, 2025 [8].
TerrAscend Announces Chief Financial Officer Transition Plan
Globenewswire· 2025-06-02 13:00
TORONTO, June 02, 2025 (GLOBE NEWSWIRE) -- TerrAscend Corp. (“TerrAscend” or the “Company”) (TSX: TSND, OTCQX: TSNDF), a leading North American cannabis company, today announced that Keith Stauffer, Chief Financial Officer, will be departing the Company on July 18, 2025, to pursue a career opportunity outside of the cannabis industry. Mr. Stauffer will remain in his role through the transition period to ensure a smooth handover. Effective upon his departure, Alisa Campbell, currently Senior Vice President, ...
Village Farms International Announces Closing of Transaction to Privatize its Fresh Produce Business
Globenewswire· 2025-06-02 11:00
Core Viewpoint - Village Farms International has successfully closed a transaction to privatize the majority of its fresh produce business, positioning itself as a leader in the global cannabis industry with a net cash position and significant greenhouse assets [1][2]. Company Overview - Village Farms is a large-scale, vertically-integrated supplier of high-value, plant-based Consumer Packaged Goods, leveraging decades of experience in Controlled Environment Agriculture [3]. - The company has transitioned from being a leading fresh produce supplier to focusing on high-growth cannabinoid opportunities internationally [3]. Cannabis Operations - In Canada, Pure Sunfarms, a wholly-owned subsidiary, is one of the largest cannabis operations globally, with 2.2 million square feet of greenhouse production and recognized as a low-cost producer [4]. - The company has an additional 2.6 million square feet of greenhouse capacity in Canada for future expansion and holds an 80% stake in Rose LifeScience, a leader in cannabis product commercialization [4]. International Expansion - Village Farms is targeting emerging legal cannabis markets with significant growth potential, exporting medical cannabis to countries such as Germany, the UK, Israel, Australia, and New Zealand [5]. - The company is expanding its export business and investing in international production assets, including a license to grow and distribute recreational cannabis in the Netherlands [5]. U.S. Market Strategy - Village Farms plans to enter the U.S. THC market through various strategies, utilizing its Texas-based greenhouse assets, which include 2.2 million square feet of existing capacity and 950 acres of unoccupied land for future expansion [6]. Renewable Energy Initiative - Village Farms Clean Energy, in partnership with Terreva Renewables, generates renewable natural gas from landfill gas, significantly reducing greenhouse gas emissions in Vancouver [7]. Joint Venture and Future Plans - The company holds a 37.9% equity stake in Vanguard Food LP, which aims to create a premier branded CPG foods company through acquisitions and expansion of its product offerings [8].
CGC Shareholders Have the Right to Lead the Canopy Growth Corporation Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - CGC
Prnewswire· 2025-06-02 08:18
Core Viewpoint - A class action lawsuit has been filed against Canopy Growth Corporation for alleged violations of federal securities laws, specifically regarding misleading statements about production costs and financial performance [1]. Group 1: Lawsuit Details - The lawsuit pertains to shareholders who purchased Canopy's securities between May 30, 2024, and February 6, 2025 [1]. - The complaint claims that Canopy Growth made false statements about significant production costs associated with the launch of Claybourne pre-rolled joints and vaporizer devices, which negatively impacted gross margin and overall financial performance [1]. - The company is accused of overstating the effectiveness of its cost reduction measures, leading to materially misleading public statements throughout the class period [1]. Group 2: Investor Participation - Shareholders who suffered losses during the specified class period are encouraged to contact the DJS Law Group to participate in the lawsuit [2]. Group 3: DJS Law Group Profile - DJS Law Group specializes in enhancing investor returns through securities class actions, corporate governance litigation, and M&A appraisals, representing large hedge funds and alternative asset managers [3].
ONGOING DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Canopy Growth
Prnewswire· 2025-06-01 12:59
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Canopy Growth Corporation due to allegations of misleading statements and undisclosed costs that negatively impacted the company's financial performance [2][4]. Group 1: Allegations and Financial Impact - The complaint alleges that Canopy Growth and its executives violated federal securities laws by making false statements and failing to disclose significant costs related to the Claybourne product launch and Storz & Bickel vaporizer devices [4]. - Canopy reported a gross margin decrease of 400 basis points to 32% in Q3 2025, primarily due to costs associated with the Claybourne infused pre-roll launch and increased indirect costs related to vaporizer devices [5]. - The company experienced a wider-than-anticipated loss of C$1.11 per share in Q3 2025, compared to the C$0.48 per share loss estimated by analysts [5]. Group 2: Market Reaction - Following the announcement of the financial results, Canopy's share price fell by $0.76, or 27.34%, closing at $2.02 per share on February 7, 2025 [7]. Group 3: Legal Proceedings - Investors who purchased Canopy securities between May 30, 2024, and February 6, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights and the June 3, 2025, deadline to seek lead plaintiff status in the class action [2][8].
CGC IMPORTANT DEADLINE: ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Canopy Growth Corporation Investors with Losses in Excess of $100K to Secure Counsel Before Important June 3 Deadline in Securities Class Action - CGC
GlobeNewswire News Room· 2025-05-31 17:13
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Canopy Growth Corporation securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Canopy Growth securities between May 30, 2024, and February 6, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 3, 2025 [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. Group 3: Case Allegations - The lawsuit alleges that Canopy Growth made false and misleading statements regarding the costs associated with the launch of its Claybourne pre-rolled joints and the impact on its gross margins [5]. - It is claimed that the defendants overstated the efficacy of Canopy Growth's cost reduction measures while downplaying issues related to its financial health [5].
Canopy Growth shares slide after wider loss, lower revenue in Q4
Proactiveinvestors NA· 2025-05-30 16:13
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has bureaus and studios in key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - The company focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4] - Automation and software tools, including generative AI, are occasionally used, but all content is edited and authored by humans [5]