Canopy USA, the American-based holding company of Canadian marijuana operator Canopy Growth Corp., has appointed M. Brooks Jorgensen as the fledgling entity’s first president. Jorgensen, a cannabis and alcohol beverage industry executive with more than 25 years of experience, will focus on driving profitable growth across the United States for Canopy USA, according to a […]
Newly rebranded California-based marijuana operator Eaze raised $10 million to acquire select assets of Eaze Technologies, its predecessor company, to fund the reopening of 70 Eaze and Green Dragon locations across California, Colorado, Florida and Michigan. The now-defunct Eaze Technologies, which purchased Denver-based Green Dragon about three years ago, announced in October that it would […]
Known for their discipline, leadership and problem-solving abilities, military veterans are finding a new battlefield in the regulated cannabis industry. Veterans’ unique skill set, honed through years of military training and experience, is an asset in the rapidly growing industry not always associated with professionalism. “Adaptability, teamwork and a good sense of humor are important […]
After failed efforts to find a deal to restructure its debts, cannabis multistate operator Slang Worldwide is entering receivership to dispose of its Colorado assets and filing for bankruptcy in Canada. Toronto-based Slang said in a news release it might also sell the assets of its Vermont subsidiaries. According to the release, Slang decided to […]
The Daily Hit is a recap of the top financial news stories for Monday, October 28, 2024. On the Site StateHouse receiver says cannabis receiverships on the rise A principal at Receivership Specialists, which was tapped by a court to oversee the distressed StateHouse Holdings, said demand for marijuana receivership services is on the upswing, […]
Colorado-based marijuana operator Green Dragon is calling it quits. The company notified the Colorado Department of Labor and Employment last week that it plans to lay off all 59 employees at the 92,000-square-foot grow facility in Denver it’s shuttering by the end of the year. Green Dragon said it plans to close all 17 of […]
A rebate program aimed at encouraging indoor farmers – those growing cannabis and other crops – to switch to LED lights proved so popular that Minneapolis-based utility company Xcel Energy ran out of money to pay for it. The funding shortfall has left cannabis ancillary companies such as Scynce LED on the hook for hundreds […]
