Skymint

SNDL Inc. (NASDAQ:SNDL), through its joint venture with SunStream Bancorp Inc., announced on Thursday that SunStream USA group of companies will proceed with the process of acquiring equity positions in U.S. cannabis assets, following the completion of a review by SNDL’s listing authority,...

In a significant move within Michigan’s cannabis industry, Lume Cannabis Co is set to take over a large cannabis grow operation near Lansing, previously operated by Skymint. The transition comes as Skymint restructures, stepping away from cultivation to focus on its retail presence across the...

Despite becoming the leading market in the U.S. in 2023, Michigan’s cannabis industry faces a complex landscape marked by declining prices, corporate struggles, and potential federal regulatory changes.  Sales in Michigan soared to $2.8 billion through November 2023, outperforming older...

Skymint, undergoing acquisition out of receivership, is slated to close its Harvest Park facility near Lansing, Michigan. The 56,000-square-foot plant will cease operations following the termination of approximately 180 employees by March 1, 2024. This information was revealed in an...

SNDL Inc. (NASDAQ: SNDL) announced on Monday that its board of directors has approved the renewal of its share repurchase program upon the expiry of its current share repurchase program on November 20, 2023. The share repurchase program allows the Alberta-based company to repurchase up to CA$...

SunStream Bancorp Inc. announced on Friday that a receivership court order is allowing the sale of certain assets of Greenpeak Industries Inc. and certain affiliated entities doing business as Skymint to Skymint Acquisition Co., a newly formed designee entity of Tropics L.P. Tropics is a...

Michigan-based cannabis company, Skymint has been going through a rough patch lately, to say the least. Now, the cannabis operator prepares to be auctioned off following its collapse and court-appointed receivership earlier this year. The auction, scheduled by receiver Gene Kohut of Trust Street...

Michigan’s once-promising cannabis cultivator, which has been under a court-appointed receiver for the past three months, is being auctioned off. The company’s assets, including leases on 23 dispensaries and two cultivation sites, will be sold to the highest bidder, reported Crain...

Skymint had sunk millions into the former Summit Sports and Ice Complex to turn the 200,000-square-foot facility into a huge cannabis cultivation and processing operation. As has been the case with Skymint lately, things didn't go as planned. Had they, Skymint would...

Flora Growth Announces New CEO & Board Member Flora Growth Corp. (NASDAQ: FLGC) confirmed that Luis Merchan opted to step down as both chairman of the board and chief executive officer. The board appointed JustCBD founder Hussein Rakine as his replacement. “We are honored to have the...

Cannabis company Skymint has been going through a rough patch lately. Its CEO and chairman, Jeff Radway, who founded Skymint in 2018, bid farewell to his team in an email on April 18, thanking them for the memories and the ride of a lifetime, as first reported by Crain’s Detroit. Radway has...

The always creatively generous SKYMINT has a new offer for its Michigan customers: Free weed for a year.  And that’s just one of the prizes the cannabis dispensary chain is giving out as it begins its countdown to the 4/20 sweepstakes, which kicked off Monday.  Each ...

Michigan’s Skymint reopened three dispensary locations following a court ruling that settled a dispute between the company and an entity it acquired last year and after been forced into a court-appointed receivership and being sued by Canadian investment firm Tropics LP....

Michigan's February medical marijuana sales dropped 61.5% year-over-year to $10.0 million, while adult-use sales improved 60.1% to $206.4 million. The data from the Michigan Marijuana Regulatory agency revealed that combined sales improved 4.4% sequentially, while on a per-day basis, they grew...

Michigan's Skymint is not the only cannabis operator under the control of a receiver, according to Crain’s Detroit Business. At least another four marijuana companies are in receivership. Skymint, which underwent rapid expansion, now employs 600 people in 24 retail...