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Arizona-based, multistate cannabis company Harvest Health & Recreation Inc (OTC: HRVSF) announced Monday that it closed the first tranche of its brokered private placement for gross proceeds of $100 million. What Happened The company offered unsecured convertible debentures at a price of $1,000...

The SALT Conference is a prestigious gathering of the most well-known executives in finance, policy, economics and beyond. Benzinga headed to Las Vegas to cover them.  Nicholas Vita, vice chairman and CEO of the medical cannabis company Columbia Care, discussed the opioid crisis, the...

MediPharm Labs Corp. (OTC: MEDIF) announced first-quarter financial results Friday. The global extraction, distillation, purification and cannabinoid isolation company generated revenue of $22 million, a 115-percent increase from the fourth quarter of 2018. MediPharm posted a $6.9-million...

Cronos Group Inc (NASDAQ: CRON) said Tuesday that it's expanding its research and development program by opening a facility in Israel that will be focused on cannabinoid devices. What Happened Cronos Device Labs, the company's new R&D facility, is intended to support Cronos...

Canadian cannabis company Terrascend Corp (OTC: TRSSF) is expanding into Europe with the receipt of GMP certification and a new distribution agreement.  What Happened The company said the EU Good Manufacturing Practice certificate was awarded to its Mississauga, Ontario facility in...

Harvard and MIT will receive $4.5 million each for cannabinoid research. The donation comes from the universities' alumnus Charles Broderick, the managing director of Uji Capital, a New York family office with extensive investments in the cannabis industry. What Happened Harvard Medical School...

High Park Holdings, a wholly owned subsidiary of Tilray, Inc. (NASDAQ: TLRY), announced Monday that it has received an amendment to the company's standard processing license under the Canadian Cannabis Ac. Under the amended license, High Park said it is permitted to sell its cannabis...

A bill recently introduced in the House of Representatives aims to allow people convicted of marijuana possession and other minor nonviolent offenses to have their records sealed — so the records aren't affecting their lives after the punishment is complete. What Happened H.R. 2348, also...

Vireo Health International (OTC: VREOF) said Thursday that the United States Patent and Trademark Office has issued a Notice of Allowance for its patent application for less-harmful tobacco products infused with cannabinoids. What Happened The patent is titled "Tobacco Products with...

Multistate cannabis operator Cresco Labs (OTC: CRLBF) reported fourth-quarter financial results Wednesday that included revenue growth of 411 percent on the year. What Happened Chicago-based Cresco posted revenue of $17 million, up by 33 percent sequentially, and a net loss of $2.3...

Harvest Health & Recreation Inc (OTC: HRVSF) reported fourth-quarter financial results Tuesday that include revenue growth of 135 percent on the year and 52 percent sequentially. What Happened The multistate cannabis company's revenue totaled $16.9 million in the quarter ended Dec...

U.S. cannabis dispensary operator MedMen Enterprises Inc (OTC: MMNFF) said Friday that it accepted the resignations of Ben Cook, its chief operating officer, and Lisa Sergi, its general counsel and a board member. The company said it appointed Ryan Lissack as chief technology officer.  The...

With a decade of experience, Jessica Billingsley is a cannabis industry veteran. In 2010, she co-founded cannabis compliance software company MJ Freeway. During her fireside chat at the Benzinga Cannabis Capital Conference in Toronto, the CEO explained how the company...

Canopy Growth Corp (NYSE: CGC) shares surged more than 4 percent after co-CEO Bruce Linton updated the company’s fiscal 2020 revenue guidance Tuesday at the GMP Securities cannabis conference in Toronto.  What Happened Canopy anticipates at least $744 million in revenue in...

Aphria Inc. (NYSE: APHA)'s shares were falling Monday after the Canadian cannabis company reported fiscal third-quarter results and announced that it agreed to shorten the expiry date of Green Growth Brands Inc (OTC: GGBXF)'s takeover bid. What Happened For the fiscal third...