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Canadian Cannabis Retail Giant Tokyo Smoke Restructures, Seeks Stronger Future Via $56.7M Share Deal
Friday, September 20, 2024 - 11:37am | 514Canadian recreational cannabis retailer Tokyo Smoke entered into a share subscription agreement with TS Investments Corp., its parent company. Under the deal, TS Investments will subscribe to all of the issued and outstanding shares of Tokyo Smoke. The deal is valued at roughly $56.7 million (CA$...
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Planet 13 Posts Q4 Results, Touting Single-Month Record In March; CEO Says 'Las Vegas Is Back'
Tuesday, April 6, 2021 - 5:10pm | 456Cannabis retailer Planet 13 Holdings Inc. (OTCQX: PLNHF) reported Monday it has generated $23.8 million in the first three months of 2021. Moreover, March revenue amounted to $9.7 million, representing its single-month record. Larry Scheffler, the company’s co-CEO, believes that revenue will...
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Skymint Opens Recreational Cannabis Dispensary Just Outside Detroit, Stresses Social Equity
Thursday, July 30, 2020 - 11:28am | 513Some 1,400 Michigan communities have opted out of allowing licensed marijuana companies to set up stores, despite adult-use legalization. "The Michigan market is very competive on real estate and it's not easy to find locations," Skymint Chief Executive Officer Jeff...