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Green Market Report’s Marijuana Money June 19, 2020


We want everybody a Joyful Juneteenth. We stand with the protestors and Inexperienced Market Report has made donations to a wide range of charities. We’ll attempt to make extra efforts at masking minority executives in our Government Highlight and authors in our Friday Guide Membership in addition to in our normal reporting.

 

Earnings proceed to roll in. MJardin Group, Inc.  (OTCQX: MJARF) reported outcomes  fiscal yr ending December 2019, with income falling to $26.7 million versus $27.5 million in 2018. Along with the drop in income, MJardin delivered a 2019 internet lack of $267.5 million versus $81.four million in 2018.

 

Fire & Flower Holdings Corp. (OTCQX: FFLWF) reported total revenue of $23.1 million for the first-quarter fiscal 2020 ending Could 2, versus income of $9.5 million within the first quarter of fiscal 2019  

 

Multi-state operator 4Front Ventures (OTC:FFNTF) reported fourth-quarter income elevated 525% to $17.5 million over final yr’s income for a similar time interval. 2019 income elevated 786% to $31 million. first quarter seems to be to be rising 36% sequentially to $23.8m.

 

Excessive Tide Inc. (OTCQB: HITIF)  reported its monetary and working outcomes for the second quarter of fiscal 2020 ending April 30, 2020 with income rising by 197%, to $19.57 million from $6.60 million for a similar quarter final yr.

 

 MedMen (MMNFF)co-founder Adam Bierman, has stepped down as a member of the board of administrators. His co-founder Andrew Modlin, has additionally stepped down as an observer to the corporate’s board of administrators.

 

Black Tie CBD filed a lawsuit towards Excessive Occasions for the canceled Hemp Cup. Black Tie was a sponsor and had apparently forwarded $25,000 for the occasion, which was canceled because of COVID. Excessive Occasions has not refunded the cash regardless of saying publicly it could accomplish that. 

 

Mydecine (MYCO.CN) (NLBIF) is rapidly upping its fungi authority. The mycology-focused firm has signed an settlement with Utilized Pharmaceutical Innovation (API), a translational business drug institute on the College of Alberta’s College of Pharmacy and Pharmaceutical Sciences.

 


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