Valens ‘clears the deck,’ liquidating most cannabis oil inventory
Cannabis derivative manufacturer Valens Co. said it is liquidating most of its oil inventory, citing industry trends such as outdoor marijuana harvests and falling prices.
Marijuana Business Daily has reported extensively on Canada’s glut of dried cannabis, edibles and...
The strategies that helped some cannabis companies thrive in a tumultuous 2020
Christopher and Denise Mink, owners
of Med Pharm in Broken Arrow, Oklahoma, advertise their dispensary on several local billboards, including this electronic sign,
which they can program with custom messages. (Photo by Sean Capshaw)
(This story is part of...
Edibles outperform cannabis industry growth in 2020 on COVID sales surge
Sales of edibles skyrocketed across the nation in 2020 as consumers shied away from inhalable forms of cannabis during the COVID-19 pandemic in favor of more discreet consumption methods.
The surge is prompting edibles manufacturers to invest in research...
Valens files prospectus to issue up to CA$150 million in securities
Valens Co. has filed a base shelf prospectus with securities regulators in Canada that would enable the cannabis derivative manufacturer to raise up to 150 million Canadian dollars ($117 million) in aggregate over the next 25 months.
That is...
Cannabis Beverage Council inspired by alcohol prohibition
(A version of this story first appeared at Hemp Industry Daily.)
A new beverage group has been formed to connect leaders in the cannabis and beverage industries who hope to expand that segment of the hemp and marijuana sectors.
The...
Cannabis companies use product drops to build hype around new items
It’s every cannabis executive’s dream: a line that stretches out the door and down the block, full of customers eager to spend money on a new product. Social-media hype. Word-of-mouth buzz. And a cash register that’s about to...
Five state medical marijuana markets that could get a boost through reforms in 2021
A handful of states could pass significant medical marijuana reforms this year, providing for additional licensing opportunities and potentially hundreds of millions of dollars in new sales for existing operators and ancillary services.
Here’s a summary of five key...
