Red White & Bloom Brands Inc. (CSE:RWB) (OTCQX:RWBYF) has launched High Times branded THC at 23 retail locations (provisioning centers) across Michigan.
The Toronto-based company kicked off the sale of an exclusive line of High Times branded cannabis products in the Great Lake State in December, just months following the inking of a licensing rights deal with
Hightimes Holding Corp.
Under the agreement, which was signed in June, RWB acquired the licensing rights for the branding of High Times medical and recreational dispensaries as well as CBD and THC products in Illinois, Florida, and Michigan. Delivering top-shelf product that stands behind and supports one of the most recognizable brands with such a storied past is truly an honor, and our customers have been overwhelmingly positive to it, Brad Rogers, chairman and CEO of RWB, disclosed Tuesday.
Different Ways To Invest In Marijuana Stocks In 2021
There are many different top marijuana stocks that can give investors exposure to the growing cannabis industry. In May cannabis stocks have seemingly begun to regain some market value after several months of declines. One area that is considered a high-risk high reward part of the cannabis sector is top marijuana penny stocks. When we talk about penny stocks technically these are stocks trading below $5 a share.  At the beginning of 2021 marijuana penny stocks saw the most upward momentum in the market.
In particular, after February 10th the cannabis sector began losing most of the gains it achieved in the first quarter. Currently many have settled around the price range they ended 2020 with and could hold future value. With better momentum for the cannabis sector in the first two weeks of May, top cannabis penny stocks could begin to see gains in the market. One factor that has a tremendous impact on marijuana stocks to
Acreage Holdings, Inc. (CSE:ACRG)(OTCQX:ACRDF) posted its first-quarter unaudited financial results on Monday.
The New York-based company reported achieving $38.4 million in consolidated revenue in the first three months of 2021, representing a 58% year-over-year and 22% sequential growth.
The gross margin was 53.7%, representing an increase of 12.6 percentage points compared to the corresponding period of last year.
Acreage also posted a positive adjusted EBITDA of $1.6 million in the first quarter of 2021, versus a $12.3 million loss in the same period of the prior year.
Peter Caldini, Acreage s CEO, said the company achieved positive adjusted EBITDA “for the first time in our history.
Other highlights from the company’s first-quarter report include:
Tilray Inc. has paid off the debt it owed to Bridging Finance Inc., the Toronto-based private lender thatâs facing allegations of self-dealing and misappropriation of funds.
Bridging Finance s activities have been in the spotlight this month after Ontario Securities Commission (OSC) staff detailed allegations relating to conflicts of interest, misappropriated funds, and inadequate disclosure. That led the regulator to request the Ontario Superior Court to appoint PricewaterhouseCoopers Inc. to manage Bridging Financeâs affairs. None of the claims have been proven in court or before the OSC.
Tilray first took out a loan facility for its Canadian subsidiary with Bridging Finance in Feb. 2020 that would allow the cannabis producer to borrow up to $79.8 million. The loan came with an annual interest rate of prime plus 8.05 per cent and was set to mature next February.