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 Good Reads 

Curaleaf Q4 Revenue Increases 136% to $74.5 Million
Curaleaf Holdings, Inc. (CURA) today reported its financial and operating results for the fourth quarter and year ended December 31, 2019. The company reported a record total revenue of $74.5 million, which grew 22% sequentially. Read on »

Organigram expects layoffs, production decrease from COVID-19
Canadian cannabis company Organigram (OGI) is anticipating voluntary and nonvoluntary layoffs as well as a slowdown in production and packaging as a result of the COVID-19 pandemic. Read on »

J.P. Morgan Backs CBD Marketer Charlotte’s Web with $10 Million Secured Credit Line
Charlotte’s Web Holdings, Inc. (CWEB) has entered into a new Asset Backed Line of Credit with J.P. Morgan (JPM) for $10M with an accordion feature to extend the line to $20M with a 3 year maturity. Read on »

Legal cannabis industry sees record sales as customers facing coronavirus crisis stock up
Steven DeAngelo has seen it all. As the so-called “father of the legal cannabis industry,” he co-founded one of the largest vertically integrated licensed cannabis businesses in California, called Harborside, with four stores and $60M in annual revenues. But what’s happened in the last month is something new. “We had our largest sales day ever,” he said. “Sales are up 20-25% at all locations.” Read on »

States that have allowed marijuana businesses to remain open during coronavirus pandemic stay-at-home orders
The quickly spreading coronavirus – and the surge of states telling residents to stay home since last week – has created confusion among cannabis companies over whether officials would require them to cease operations, even temporarily. Read on »

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 Community News 

  • Oregon Campaign To Legalize Psilocybin Mushrooms For Therapeutic Use Hits Snag Amid Coronavirus Link>>

  • North Macedonia Awaits Marijuana Laws to Become a 'Cannabis Superpower' Link>>

  • Marijuana retailers using drive-thru service to help limit contact with customers amid coronavirus Link>>

  • Is marijuana ‘recession-proof?’ Industry experts say yes – to a point – and alcohol might be a guide Link>>

  • California Deems Pot an Essential Coronavirus Business Link>>

  • Ohio Legalization Petition Rejected Due to Lack of Valid Signatures Link>>

  • Cannabis Brands Making Sanitizer & Donating Equipment In Coronavirus Fight Link>>

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