Medical cannabis

Green Thumb Industries Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024

Highlights for the fourth quarter ended December 31, 2023:

Key Points: 
  • Highlights for the fourth quarter ended December 31, 2023:
    Fourth quarter revenue of $278 million increased 7% year-over-year.
  • Consumer Packaged Goods gross revenue increased 16.6% versus the fourth quarter of 2022 and 13.0% versus the full year 2023.
  • Gross profit for the fourth quarter 2023 was $142.7 million or 51.3% of revenue compared to $124.0 million or 47.8% of revenue for the fourth quarter 2022.
  • Green Thumb will host a conference call on Wednesday, February 28, 2024, at 5:00 pm ET to discuss its fourth quarter and full year 2023 financial results for the quarter ended December 31, 2023.

Long-time Advocate and NFL All-Star Ricky Williams Joins the Cannabis Freedom Party

Retrieved on: 
Wednesday, March 6, 2024

LAS VEGAS, March 6, 2024 /PRNewswire/ -- In a significant development for cannabis policy advocacy and political representation, the Cannabis Freedom Party is proud to announce that former NFL star and prolific cannabis advocate Ricky Williams has officially joined the party.

Key Points: 
  • LAS VEGAS, March 6, 2024 /PRNewswire/ -- In a significant development for cannabis policy advocacy and political representation, the Cannabis Freedom Party is proud to announce that former NFL star and prolific cannabis advocate Ricky Williams has officially joined the party.
  • Williams's involvement in the Cannabis Freedom Party signifies a merging of personal conviction with political action, aiming to effect meaningful change in cannabis.
  • As a member of the Cannabis Freedom Party, Williams will focus on several key initiatives, including:
    Advocating for Federal Cannabis Normalization: Championing policies the provide safe, consistent, and affordable access for American consumers.
  • The Cannabis Freedom Party believes that Ricky Williams's involvement will bring invaluable insight and momentum to both the movement and the cause of cannabis freedom.

Dedicated Medical Cannabis Clinic Expands Across the United States

Retrieved on: 
Saturday, January 27, 2024

HATTIESBURG, Miss., Jan. 27, 2024 /PRNewswire-PRWeb/ -- TruReleaf MD is expanding to Hattiesburg, MS, as one of the state's first medical marijuana physicians providing relief for patients through medical cannabis certifications with in-person reviews of medical conditions and medical records.

Key Points: 
  • HATTIESBURG, Miss., Jan. 27, 2024 /PRNewswire-PRWeb/ -- TruReleaf MD is expanding to Hattiesburg, MS , as one of the state's first medical marijuana physicians providing relief for patients through medical cannabis certifications with in-person reviews of medical conditions and medical records.
  • With the passage of Senate Bill 2095, Mississippi's Medical Marijuana Program was streamlined, providing expanded medical marijuana care to patients.
  • Following the legalization of medical marijuana for qualifying conditions, the Medical Marijuana Treatment Clinics of Florida quickly became a pillar in the medical marijuana industry, redefining what it means to be a medical marijuana patient and providing a natural relief option to those seeking care.
  • The benefits of medical cannabis are far reaching and expanding everyday: TruReleaf is dedicated to continued patient centered research, education and care."

Green Thumb to Open RISE Dispensary Port Orange in Florida, its 90th Retail Location in the Nation, on December 15

Retrieved on: 
Wednesday, December 13, 2023

CHICAGO and VANCOUVER, British Columbia, Dec. 13, 2023 (GLOBE NEWSWIRE) -- RISE Dispensaries , a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), today announced that RISE Dispensary Port Orange, the Company’s 14th location in Florida and 90th nationwide, will open on December 15.

Key Points: 
  • CHICAGO and VANCOUVER, British Columbia, Dec. 13, 2023 (GLOBE NEWSWIRE) -- RISE Dispensaries , a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), today announced that RISE Dispensary Port Orange, the Company’s 14th location in Florida and 90th nationwide, will open on December 15.
  • RISE Port Orange will host a patient appreciation event on December 23, with profits from the day going toward M4MM (Minorities for Medical Marijuana) .
  • “We are thrilled to expand our presence on the east coast of Florida with the opening of RISE Port Orange,” said Green Thumb President Anthony Georgiadis.
  • RISE Port Orange is located at 4041 S. Nova Road in Port Orange, FL.

MARTIN LUTHER KING III RALLIES CANNABIS COMMUNITY AT M4MM D.I.C.E MIXER

Retrieved on: 
Thursday, December 7, 2023

The event was sponsored by the Cannabis Workers Rising powered by United Food and Commercial Workers and featured Martin Luther King III as their keynote speaker who looked back on his father’s legacy and highlighted the need for a strong labor force to empower the Black cannabis community.

Key Points: 
  • The event was sponsored by the Cannabis Workers Rising powered by United Food and Commercial Workers and featured Martin Luther King III as their keynote speaker who looked back on his father’s legacy and highlighted the need for a strong labor force to empower the Black cannabis community.
  • “If we are able to create successful businesses and entrepreneurs that is one of the steps that helps build the beloved community that Martin Luther King Jr. and Coretta Scott King were talking about.
  • My dad talked about eradicating what he defined as triple evils, poverty, racism, and violence, and we believe that through peace, justice and equity you create that beloved community,” said Martin Luther King III to a packed audience at the annual D.I.C.E.
  • Its supporting sponsors included: Azuca, Cheech and Chong’s Cannabis Company, Ispire, Green Thumb, Pisgah Peaks Ventures, Black Buddha Cannabis, Hemper, Etain, National Cannabis Roundtable, and Blunts+Moore.

Avicanna Reports Q3 2023 Results

Retrieved on: 
Tuesday, November 14, 2023

TORONTO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Avicanna Inc. (“Avicanna” or the “Company) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) a biopharmaceutical company focused on the commercialization of proprietary cannabinoid-based products and medical cannabis care platform is pleased to announce the results of Q3 2023.

Key Points: 
  • TORONTO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Avicanna Inc. (“Avicanna” or the “Company) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) a biopharmaceutical company focused on the commercialization of proprietary cannabinoid-based products and medical cannabis care platform is pleased to announce the results of Q3 2023.
  • A 9-month revenue of $10.7M, representing a major milestone in the Company’s history a 269% growth from the same period last year.
  • Scalability of the business model was demonstrated with a comparable increase of 23% in SG&A for the nine-month period.
  • Access to the Company’s proprietary medical products improved for patients with availability on new medical platforms such as Canna Farms and Spectrum Therapeutics.

MIRA Pharmaceuticals Releases Breakthrough Data from Artificial Intelligence Simulations

Retrieved on: 
Monday, December 4, 2023

BALTIMORE, Dec. 4, 2023 /PRNewswire/ -- MIRA Pharmaceuticals, Inc. (NASDAQ: MIRA) ("MIRA" or the "Company"), an innovative pre-clinical-stage pharmaceutical company focused on neurologic and neuropsychiatric disorders, has released new data from artificial intelligence (AI) simulations that show that, compared to plant-based medical marijuana, there may be significant potential advantages to the therapeutic potential of MIRA1a, such as its potential to offer a superior anti-anxiety treatment, increased cognition and without the increased appetite associated with THC.

Key Points: 
  • The simulations on MIRA1a were conducted in conjunction with the Company's strategic collaboration with InSilicoTrials , a company specializing in leveraging AI and simulations to enhance drug and medical device development.
  • In silico analysis is a computational technique that uses AI to predict the interaction between drugs and their targets.
  • The simulations suggest that MIRA1a's agonistic action on the 5-HT1a receptor aligns with established anxiolytic properties in medications like Buspirone and certain SSRIs.
  • "In the groundbreaking field of neuropharmacology, artificial intelligence and machine learnings have ushered in a new era of drug discovery and analysis," said Adam Kaplin, MD, Ph.D., President and Chief Scientific Officer of MIRA Pharmaceuticals.

Green Thumb Industries Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023

CHICAGO and VANCOUVER, British Columbia, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries , today reported its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • CHICAGO and VANCOUVER, British Columbia, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries , today reported its financial results for the third quarter ended September 30, 2023.
  • Subsequent to quarter end, on October 14, 2023, Green Thumb opened RISE Dispensary Brandon in Florida, and donated profits from the grand opening to Florida Justice Center .
  • In the quarter ended September 30, Green Thumb repurchased 2.5 million shares, over 1% of shares outstanding, for $25 million.
  • Green Thumb will host a conference call on Wednesday, November 8, 2023, at 5:00 pm ET to discuss its third quarter 2023 financial results for the quarter ended September 30, 2023.

US-Cannabis Market is to grow by USD 46.90 billion between 2022 - 2027 | Rising millennial population Drive Demand for the market - Technavio

Retrieved on: 
Thursday, November 9, 2023

Millennials, the largest US population, are driving this growth with their enthusiasm for diverse cannabis products, particularly for recreational use.

Key Points: 
  • Millennials, the largest US population, are driving this growth with their enthusiasm for diverse cannabis products, particularly for recreational use.
  • Growth Prospects of the US Cannabis Market in Emerging Markets include:
    The emphasis on the medical potential of cannabis is propelling a surge in research and development.
  • As millennials drive demand, medical research advances and innovative trends emerge, the market is positioned for unparalleled expansion.
  • Cannabis-infused Edible Products Market: The global cannabis-infused edible products market share is expected to increase by USD 5,638.94 million from 2022 to 2027, and the market's growth momentum will accelerate at a CAGR of 19.32%.

Green Thumb to Open RISE Dispensary Clearwater in Florida, its 11th Retail Location in the Sunshine State, on November 10

Retrieved on: 
Tuesday, November 7, 2023

CHICAGO and VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- RISE Dispensaries , a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or “the Company”) (CSE: GTII) (OTCQX: GTBIF), today announced that RISE Dispensary Clearwater , the Company’s 11th retail location in Florida and 87th nationwide, will open on November 10.

Key Points: 
  • CHICAGO and VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- RISE Dispensaries , a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or “the Company”) (CSE: GTII) (OTCQX: GTBIF), today announced that RISE Dispensary Clearwater , the Company’s 11th retail location in Florida and 87th nationwide, will open on November 10.
  • M4MM is a purpose-driven nonprofit organization that provides education and programs to build a more accessible and equitable cannabis industry.
  • “As we continue to expand our footprint in Florida, we are thrilled to join the Clearwater community,” said Green Thumb President Anthony Georgiadis.
  • Green Thumb joined the Florida community in 2018 and operates two production facilities in Ocala and Homestead where the Company produces its branded products.