Harvest Health & Recreation Inc. Reports First Quarter 2020 Financial Results

– First quarter revenue was $45.0 million, up 134% from the first quarter 2019 and 19% sequentially – Cost cutting measures expected to save $24 million annually PHOENIX, May 20, 2020 /PRNewswire/ — Harvest Health & Recreation Inc. (CSE: HARV, OTCQX: HRVSF), a vertically integrated cannabis company and multi-state operator (MSO) in the U.S., today reported its financial and operating results for the first quarter 2020. All financial information is provided inContinue reading “Harvest Health & Recreation Inc. Reports First Quarter 2020 Financial Results”

Ayr Strategies Reports First Quarter 2020 Financial Results

Q1 Revenue Increased to $33.6 Million Despite COVID-19 Challenges in March Generated $7.4 Million Cash from Operations, Increasing Cash on Balance Sheet to $9.9 Million Increase in Cultivation Capacity Expected to Drive Gross Margin Expansion in NV and MA; Total Adjusted EBITDA Expected to Return to Q1 Levels in June TORONTO, May 20, 2020 (GLOBEContinue reading “Ayr Strategies Reports First Quarter 2020 Financial Results”

Aleafia Health Provides Corporate Update

TORONTO, May 20, 2020 (GLOBE NEWSWIRE) — Aleafia Health Inc. (TSX: ALEF, OTC: ALEAF) (“Aleafia Health” or the “Company”) is pleased to announce that the board of directors (the “Board”) has elected an Acting Chair and reconstituted its committees following the recent addition of Rhonda Lawson and Glenn Washer to the Board. The Board hasContinue reading “Aleafia Health Provides Corporate Update”

Khiron Begins Sales of First High-THC Medical Cannabis in Colombia

Khiron is the first company to receive authorization to commercialize high-THC medical cannabis magistral preparations from Colombia’s National Narcotics Fund Authorization is supplementary to the previously announced high-THC extraction and cultivation quotas from the Colombian Technical Quotas Group Effective immediately, prescriptions will be filled through Company’s ILANS clinics, with expanded distribution in Colombia as partner pharmacies receive dispensary permitsContinue reading “Khiron Begins Sales of First High-THC Medical Cannabis in Colombia”

AgraFlora Organics Announces Extraction Partnership with Top Tier Quebec based extractor

VANCOUVER, British Columbia, May 20, 2020 (GLOBE NEWSWIRE) — AgraFlora Organics International Inc. (“AgraFlora” or the “Company”) (CSE: AGRA) (Frankfurt: PU31) (OTCPK: AGFAF) is pleased to announce its wholly owned subsidiary Sustainable Growth Strategic Capital Corp. (“SGSC” or “the Company”) a federally licensed cannabis company based in the Greater Toronto Area (“GTA”) has entered into an extraction partnership (the “ExtractorContinue reading “AgraFlora Organics Announces Extraction Partnership with Top Tier Quebec based extractor”

Indiva Reports Fourth Quarter Fiscal 2019 And Year-End Results

LONDON, Ontario, May 15, 2020 (GLOBE NEWSWIRE) — Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) is pleased to announce its financial and operating results for fourth quarter fiscal 2019 and the year ended December 31, 2019. All figures are reported in Canadian dollars ($), unless otherwise indicated. Indiva’s financial statements are prepared in accordanceContinue reading “Indiva Reports Fourth Quarter Fiscal 2019 And Year-End Results”

Sundial Reports First Quarter 2020 Financial Results

CALGARY, May 15, 2020 /CNW/ – Sundial Growers Inc. (Nasdaq: SNDL) (“Sundial” or the “Company”) reported its financial and operational results for first quarter 2020 ended March 31, 2020. First quarter 2020 financial and operational highlights Strategic shift away from “Heal, Help and Play” strategy to concentrate on Canadian recreational cannabis with a focus on inhalable products. ContinuedContinue reading “Sundial Reports First Quarter 2020 Financial Results”

Sproutly Announces a Business Transformation Plan and Investment by Infusion Biosciences

Not for Dissemination in the US or Through US Newswire Services Announces a substantial change to its business strategy to focus on its proprietary APP Technology for Cannabis 2.0 opportunities and away from the capital-intensive cannabis cultivation business Dr. Arup Sen, CEO of Infusion Biosciences, Chief Science Officer of Sproutly Canada Inc. and inventor ofContinue reading “Sproutly Announces a Business Transformation Plan and Investment by Infusion Biosciences”

Cronos Group Inc. to Hold Virtual 2020 Annual and Special Meeting of Shareholders

TORONTO, May 15, 2020 (GLOBE NEWSWIRE) — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) will hold its 2020 Annual and Special Meeting of Shareholders on Thursday, June 25, 2020, at 10:00 a.m. EDT. Due to the continued public health concerns related to the COVID-19 pandemic, to mitigate risks to theContinue reading “Cronos Group Inc. to Hold Virtual 2020 Annual and Special Meeting of Shareholders”