Cresco Labs Q1 revenue grows 26% pro forma from Q4 to $66.4 million. Cresco Labs (CRLBF) released its unaudited financial results for the first quarter ended March 31, 2020. Revenue for the first quarter of 2020 was $66.4 million, an increase of 60% over Q4’19 revenue and 26% over Q4’19 net pro-forma revenue on the same asset base. Revenue growth was driven by increased cultivation and retail efficiency in Illinois and Pennsylvania, along with operational improvements in California. Cresco Labs outlined the following 2020 strategic goals on the April 27, 2020, fourth quarter 2019 earnings conference call: Expand Cresco’s market-leading position in Illinois and Pennsylvania; Integrate Origin House and turn California into a center of profitable growth; Lay the foundation for future growth in other states. Read More (New Cannabis Ventures)
Chart 8: Retail Cannabis Sales by Province (CAD $ Million)
Source: Intro-Blue, Cannabis Benchmarks
Arkansas medical cannabis dispensary wins trademark dispute against MSO. What’s in a name? Plenty, at least to a locally owned Arkansas medical cannabis dispensary pitted against a large multistate operator. Harvest Cannabis Dispensary, a family owned business licensed in the central Arkansas city of Conway, won a preliminary injunction prohibiting two facilities managed by Arizona-based MSO Harvest Health & Recreation from using the Harvest name. The trademark lawsuit was filed in Faulkner County Circuit Court against Natural State Wellness Dispensary and Natural State Enterprises, affiliates of Harvest Health. The properties include a dispensary in Little Rock and a cultivation facility in Newport. Read More (Marijuana Business Daily)
Canopy Growth reshapes strategy after reporting CAD $1.3 billion loss. Canopy Growth (CGC) lost ground in Canada’s growing recreational marijuana market in its fourth quarter, with net revenue dropping 13% compared to the previous quarter. Canopy posted a fourth-quarter net loss of CAD $1.3 billion ($944 million) and an adjusted EBITDA loss of CAD $102 million. Recreational marijuana revenue tumbled 28% from the previous quarter to CAD $49.8 million for the last quarter of its 2020 fiscal year, which ended March 31 – a time when overall recreational cannabis sales were growing in Canada amid the COVID-19 pandemic. Read More (Marijuana Business Daily)
Health Canada reinstates one of CannTrust’s licenses to grow and sell pot. CannTrust Holdings (CTST) announced that federal regulators have reinstated one of the company’s licenses to grow and sell cannabis, nearly a year after inspectors first discovered marijuana grown in unlicensed rooms that led to the suspension. CannTrust said Health Canada has reinstated the license for its Fenwick, Ont. facility after addressing the company’s “regulatory deficiencies”, clearing the way to resume operations at that location. Read More (BNN Bloomberg)
Small State Seeds – Greene, Rhode Island. Small State Seeds is a project of Ben Torpey and Katie Miller of Scratch Farm, in collaboration with other small farmers. We offer only seeds grown without chemical pesticides, fungicides or fertilizers here in Rhode Island and carefully select for the best of the best on our Cranston farm.. Phone: (401)-862-7945. Email: scratchfarm[at]gmail.com
Marianna’s Heirloom Seeds Copernish, Michigan. They only use a natural growing method so all of their seeds are un-treated, non-GMO or hybrid. Over 1200 varieties available. Contact: 231-709-8105
Mary’s Heirloom Seeds Florida, USA. They offer all organic, open-pollinated, non-GMO and non-hybrid seeds. All the seeds that you order will be “Free shipping” and will be delivered within 24 hours with the exception of holidays. You can contact them through the online form on their website.
Livingston Seed Ohio, USA. Livingston Seed is a wholesale company, selling only to the trade. Have signed the Safe Seed Pledge and are proudly GMO-free. Phone: 800.848.2970 Email: [email protected]
Skyfire Garden Seeds Kansas, USA. They sell over 125 varieties of heirloom tomatoes; rare eggplants. heirloom peppers and more. All of these seeds are all open-pollinated, non-GMO and no-treated seeds. Order through their online form.
Umpquatopia Oregon, USA. Located in Southern Oregon’s Umpqua (Ump-kwah) Valley that offers varieties of heirloom vegetables, herbs, companion plants and native plant seeds all grow without the use of synthetics with permaculture methods. Email: [email protected]
Albert Lea Seed Minnesota, USA. They are Certified Organic Processors, meeting the National Organic Program standards for processing organically-raised grains, soybeans and other field crops. Contact: (800) 352-5247