Author: NCV Newswire

[ad_1] BOCA RATON, FL / ACCESSWIRE / July 3, 2023 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (NASDAQ:GNLN), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, is pleased to announce that it has closed its previously announced “reasonable best efforts” public offering of 4,047,619 units at a public offering price of $1.05 per unit. The units issued consist of one share of Class A common stock (or a prefunded warrant in lieu thereof) and two common warrants each exercisable for one share of Class A common stock at an exercise price…

[ad_1] Greenlane Holdings, Inc. Announces $4 Million Public Offering BOCA RATON, FL / ACCESSWIRE / June 29, 2023 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (NASDAQ:GNLN), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced the pricing of its “reasonable best efforts” public offering of 3,809,524 units at a public offering price of $1.05 per unit. Each unit consists of one share of Class A common stock (or a prefunded warrant in lieu thereof) and two common warrants each exercisable for one share of Class A common stock at an…

[ad_1] TerrAscend Closes on Second Tranche of Private Placements for Total Aggregate Proceeds of US$20.5 Million TORONTO, June 28, 2023 (GLOBE NEWSWIRE) — TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced the closing of the second tranche of private placements (the “Private Placements”) for total aggregate proceeds of US$20.5 million. The closing of the second tranche of the Private Placements consists of an aggregate of 2,292,434 units (the “Units”) of the Company at a price of US$1.50 per Unit (the “Issue Price”) for aggregate gross proceeds of approximately US$3.4 million…

[ad_1] FTI Consulting Canada Inc., in its capacity as court-appointed monitor (in such capacity, the “Monitor”) of Fire & Flower Holdings Corp., Fire & Flower Inc., 13318184 Canada Inc., 11180703 Canada Inc., 10926671 Canada Ltd., Friendly Stranger Holdings Corp., Pineapple Express Delivery Inc. and Hifyre Inc. (collectively, “Fire & Flower”) in the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”) proceedings, is conducting a sale and investment solicitation process (the “SISP”) with its affiliate, FTI Capital Advisors – Canada ULC (“FTICA”), and with the assistance of Fire & Flower, to solicit interest in, and opportunities for,…

[ad_1] BOCA RATON, FL / ACCESSWIRE / June 22, 2023 / Greenlane Holdings, Inc. (Nasdaq:GNLN) (“Greenlane”), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced that it received notice from The Nasdaq Stock Market LLC (“Nasdaq”) on June 22, 2023 informing Greenlane that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) for continued listing on The Nasdaq Global Market. Consequently, Greenlane is now in compliance with all applicable listing standards and its Class A common stock will continue to be listed on The Nasdaq…

[ad_1] June 22, 2023 at 5:14 pm Published by NCV Newswire Canopy Growth Reports Fourth Quarter and Fiscal Year 2023 Financial Results Business transformation and cost reduction actions initiated in FY2023 expected to drive overall cost reduction of $240-$310 million by the end of FY2024 Actions to strengthen balance sheet have reduced overall debt position by approximately $500 million from Q2 FY2023 to quarter-to-date in Q1 FY2024 and are anticipated to generate proceeds of up to $150 million from facility divestitures by the end of Q2 FY2024 Revised proxy statement filed with modifications to the structure of Canopy USA in…

[ad_1] June 14, 2023 at 4:30 pm Published by NCV Newswire High Tide Reports Third Consecutive Quarter of Record Revenue and Adjusted EBITDA of $118.1 Million and $6.6 Million, Respectively The Company Achieved Significant Sequential Improvement in Cost Reduction in Line With Its Goal to Achieve Positive Free Cash Flow by the End of This Calendar Year 13th Straight Quarter of Positive Adjusted EBITDA, Representing a 174% Increase Year-Over-Year and 20% Sequentially, Driven by Significant Cost Reductions in General and Administrative Expenses High Tide Reaches 9.5% of Canadian Cannabis Retail Market Share Outside of Quebec¹, Up From 9% in the…

[ad_1] BOCA RATON, FL / ACCESSWIRE / June 14, 2023 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (NASDAQ:GNLN), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced the launch of the DaVinci ARTIQ, the newest in a line of premium portable vaporizers. The ARTIQ offers DaVinci’s clean technology in the convenience of a 510 oil-compatible vaporizer. Delivering a cool, smooth vapor, the ARTIQ utilizes the iconic DaVinci IQ shape that hides the cartridge and features an extended airpath to cool hot vapor back down. Featuring a compact design, the ARTIQ…

[ad_1] June 14, 2023 at 7:37 am Published by NCV Newswire Aurora Cannabis Announces Fiscal 2023 Third Quarter and Files Full Year Results Achieves Second Sequential Quarter of Positive Adjusted EBITDA1 Net Revenue Reaches $64 Million, Increasing 4% Sequentially and 27% YoY; Driving Adjusted Gross Profit1 of $30.6 Million Balance Sheet Remains Strong With a Cash Position of ~$230 Million Cash on Hand with ~$80 Million of Convertible Notes Remaining Outstanding Clear Path to Achieve Positive Free Cash Flow by the End of Calendar Year 2024 Through Additional $40 Million of Annualized Cost Efficiencies EDMONTON, AB, June 14, 2023 /PRNewswire/…