|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.4100 - 0.4200|
|52 Week Range||0.2620 - 1.2800|
|Beta (5Y Monthly)||0.58|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 06, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
General Cannabis Corp. (CANN), the leading publicly traded Colorado cannabis company, announced today that it has reached an agreement that will bring up to $3 million in strategic growth capital to the company. The investment will be funded by Hershey Strategic Capital LP and Shore Ventures III, LP, entities led by managing member Adam Hershey.
General Cannabis Corp (CANN), a company with extensive experience in providing services to the cannabis industry, announced today that the State of Colorado’s Marijuana Enforcement Division (the “MED”) has granted it regulatory approval to complete the acquisition of Cannasseur, subject to approval by local regulators. Cannasseur is a vertically integrated Colorado licensee with a recreational dispensary, an oil extraction facility, and a 12,000 square foot light deprivation greenhouse cultivation facility in Pueblo West, Colorado.
General Cannabis Corp (CANN), a company with extensive experience in providing services to the cannabis industry, announced today it has completed the acquisition of SevenFive Farm, a 17,000 square foot light deprivation greenhouse cultivation facility in Boulder, Colorado. General Cannabis’ acquisition is the result of its approval by the State of Colorado’s Marijuana Enforcement Division, which established the Company as one of the only Colorado-based entities to own and operate licensed cannabis facilities.
General Cannabis Corp (CANN), a company with extensive experience in providing services to the cannabis industry, announced today that Boulder County has approved the transfer of ownership of SevenFive Farm to General Cannabis. This is an important part of the state regulated change of control process; General Cannabis will now work with the Colorado Marijuana Enforcement Division to establish a date for the formal change of ownership, which the Company anticipates will occur within the next two weeks. SevenFive Farm is a 17,000 square foot light deprivation greenhouse cultivation facility in Boulder, Colorado that produces wholesale cannabis products.
General Cannabis Corp (CANN), a company with extensive experience in providing services to the cannabis industry, announced today that the State of Colorado’s Marijuana Enforcement Division has granted it regulatory approval as a qualified and suitable buyer of licensed cannabis operations in the State. This authorization, known as a Suitability Approval, establishes Denver-based General Cannabis as one of the first public companies authorized to acquire licensed cultivation, manufacturing and retail operations throughout the state of Colorado. Suitability Approval positions General Cannabis to aggressively move forward with its planned growth strategy focused on expanding operations throughout the state of Colorado through its acquisition and operation of licensed cannabis operations.
General Cannabis Corp. (CANN) today announced that it has mutually agreed with Halsa Holdings to suspend their LOI regarding the acquisition of Halsa Holdings by General Cannabis. General Cannabis is focusing on its Colorado-based strategy, centered on completing previously announced acquisitions of SevenFive Farm and Cannasseur, two Colorado-based operations. General Cannabis continues to work with the Colorado Marijuana Enforcement Division on the regulatory approval process required to complete the SevenFive and Cannasseur acquisitions.
General Cannabis Corp (CANN) executed a definitive purchase agreement to acquire The Organic Seed, LLC, doing business under the name Cannasseur, located in Pueblo West, Colorado. “The acquisition of Cannasseur is integral to our growth strategy of acquiring and operating cultivation, manufacturing and retail assets,” said General Cannabis CEO Steve Gutterman. The company anticipates that once the acquisition and integration is complete, Cannasseur should generate over approximately $4 million of incremental annual revenue.
General Cannabis Corp (“General Cannabis”) (CANN) issued an open letter to update shareholders on its business operations amid the coronavirus (“COVID-19”) pandemic. At the same time, we recognize that the cannabis industry finds itself a source of relief and support for many people.
Seattle, Washington--(Newsfile Corp. - March 3, 2020) - CFN Media (OTCQB: CNFN), the leading agency and financial media network dedicated to the North American cannabis industry announces the publication of an article discussing General Cannabis Inc. and its dynamic business strategy. The cannabis industry has shifted its focus from expansion to profitability over the past year. Rather than spending a lot of money to expand into every market, multi-state operators, or MSOs, are starting ...
Seattle, Washington--(Newsfile Corp. - February 6, 2020) - CFN Media (OTCQB: CNFN), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article discussing General Cannabis and its latest acquisition.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6612/52191_587e205314d389ad_001full.jpgColorado cannabis sales hit $1 billion in total cannabis-related revenue in 2019, becoming the first state in the country to hit that milestone five years after legalization. In ...
Anyone researching Heritage Cannabis Holdings Corp. (CSE:CANN) might want to consider the historical volatility of the...
General Cannabis Corp (CANN), a company with deep domain expertise in providing services to the cannabis industry, today announced that it has signed a purchase agreement to acquire SevenFive Farm, a cultivation facility in Boulder, CO. The pending acquisition will now be submitted to the Colorado state regulators (the MED) for approval; the acquisition will close when this approval process is complete. The company originally announced the Letter of Intent for this acquisition in August 2019. SevenFive Farm is a 17,000 square feet light deprivation greenhouse cultivation facility that has operated in Boulder county for over 4 years.
Seattle, Washington--(Newsfile Corp. - January 27, 2020) - CFN Media (OTCQB: CNFN), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article covering General Cannabis Corp. and an exclusive interview with its CEO Steve Gutterman and Chris Colon of Halsa Holdings.General Cannabis LogoTo view an enhanced version of this logo, please visit:https://orders.newsfilecorp.com/files/6612/51834_b450bd3bf4816af7_001full.jpgLegal cannabis has become one of the fastest growing industries in history. In less ...
Seattle, Washington--(Newsfile Corp. - January 13, 2020) - CFN Media (OTCQB: CNFN), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article discussing General Cannabis and the next level for investors: Cannabis 3.0.https://www.generalcann.com/To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/5503/51374_ab246126e4984a61_001full.jpgRemember when investments in cannabis and Bitcoin were seen as interchangeable pursuits of the next sky-high return based on a story that sounded plausible, ...
General Cannabis Corp (CANN), a company with deep domain expertise in providing services to the cannabis industry, today announced that it has signed a non-binding term sheet to acquire Hälsa Holdings Inc, a company led by industry experts and created to acquire assets in mature markets. When the acquisition is complete, General Cannabis will acquire contracts to acquire three dispensaries in California, and add a deeply experienced team to its existing executive group. The acquisition is expected to close in Q1 2020, subject to entry into definitive documentation.
As it prepares to roll out its “Cannabis 3.0” growth strategy over the coming weeks, General Cannabis Corp. (CANN) and its newly appointed CEO Steve Gutterman today announced several strategic steps that will further focus the company’s operations and strengthen its balance sheet. Among the steps announced today, General Cannabis Corp. said it plans to expand the operations around its highly successful and profitable cultivation consulting business, Next Big Crop, while shedding several non-core business units.
General Cannabis Corp (CANN), a leading provider of products and services to the regulated cannabis industry, today announced that Steve Gutterman—one of the cannabis industry’s most recognized leaders—has joined the company as Chief Executive Officer and a member of its Board of Directors, effective immediately. Michael Feinsod, who has served as CEO since January, steps down from that role while continuing as Executive Chairman of the company. Gutterman brings more than two decades of success building and leading high growth businesses in highly regulated industries, with an extraordinary record of having increased annual revenue and market capitalization of the companies he has led by over $500 million and $2 billion, respectively.
General Cannabis Corp. announced today it has entered into a contract for the sale of its Greenhouse Office building in Denver, Colorado for $1,697,500. General Cannabis acquired the property in 2014 for $1,050,000. The closing is subject to customary conditions.
DENVER, Nov. 08, 2019 -- General Cannabis Corp (OTCQX: CANN) (“General Cannabis” or the “Company”), the comprehensive national resource to the regulated cannabis industry,.
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It is anticipated that General Cannabis will pay consideration consisting of fifty percent cash and fifty percent in shares of the Company’s common stock for virtually all of the tangible and intangible assets of the Business. This potential transaction follows the Company’s recent announcements of its entry into non-binding term sheets to acquire other licensed cannabis entities in Colorado. “We are pleased to announce our plans to acquire a fourth licensed Colorado cannabis operator,” said Michael Feinsod, Executive Chairman and Chief Executive Officer of General Cannabis. “This planned acquisition would expand our retail business to Boulder.
DENVER, CO / ACCESSWIRE / October 17, 2019 / CEOCFO Magazine, an independent investment, cannabis, and medical news publication highlights an executive change at General Cannabis (CANN) in an interview (https://www.ceocfointerviews.com/interviews/GeneralCannabis19.htm) with Michael Feinsod, Executive Chairman of General Cannabis since 2014, and CEO since January of 2019, who says "we collectivity agreed that this is the time to focus on new and active acquisitions in Colorado and that I would be a natural leader to drive the effort". States Mr. Feinsod, "my background in investment management is exactly the thing that positioned me to be able to spot a quality acquisition when I see it. During my four years as Executive Chairman, not only did I lead the acquisitions at General Cannabis, but I have been very involved in the company overall and it's been a positive experience".
Cannabis stocks were mixed Wednesday. Among notable stocks in the sector, eight rose while seven fell. Tilray shares rose $3.04, or 10.38%, to $32.34. The company announced it has signed its first agreement to supply cannabis from its facility in Portugal to Germany.
This potential transaction follows the Company’s recent announcement of its entry into non-binding term sheets to acquire other licensed cannabis entities in Colorado. The Company is taking these actions based on the signing of Colorado House Bill 1090 (“HB-1090”), a recently approved law allowing public companies to own Colorado-licensed cannabis companies. Once the regulations surrounding the implementation of the law are finalized, the Company plans to enter into a binding transaction for the Business.