Debra Borchardt

2 weeks ago | greenmarketreport.com | Debra Borchardt

Scotts established its hydroponic business, Hawthorne Gardening, to enter the cannabis space. In the beginning, it looked like a stellar plan, as the industry was rapidly growing and competing to see who could build the largest grow facilities. Sales of equipment soared and Hawthorne was seen as a leader in the space. The company also saw this as an opportunity to get into the investing side of cannabis as well and created the Hawthorne Collective as an investment vehicle.

2 weeks ago | greenmarketreport.com | Debra Borchardt

California Governor Gavin Newsom announced that over $316 million worth of illegal cannabis was seized in the first quarter of 2025. The state said the seizures demonstrated its commitment to the legal cannabis market. The value of the seizures might be a little generous as the state is placing a roughly $2,600 price per pound while the average is generally around $1,000 per pound.

2 weeks ago | greenmarketreport.com | Debra Borchardt

Breweries seemed to be the answer to balance its cannabis business, but Tilray Inc. (NASDAQ: TLRY) is continuing to shutter businesses it recently bought. The latest is Hop Valley Brewing in Eugene, Oregon. The company announced the move internally a couple of days ago and confirmed to the outlet BrewBound that the production facility would close in July. Tilray had just bought the company in September of 2024 from Coors (NYSE: TAP) for an undisclosed amount.

2 weeks ago | greenmarketreport.com | Debra Borchardt

The 2025 survey of Americans 21 and older, conducted online by The Harris Poll on behalf of Royal Queen Seeds (RQS), asked Americans about their personal cannabis use. Half of cannabis consumers (50%) said the new presidential administration will lead them to consume more cannabis than they did before, including 59% of young female cannabis consumers (ages 21–34). Economic fearsThat increased use due to the current economic chaos could lead to more people growing their cannabis at home.

2 weeks ago | greenmarketreport.com | Debra Borchardt

SNDL Inc. (Nasdaq: SNDL)  is buying 32 cannabis retail stores known as Cost Cannabis and T Cannabis in Ontario, Alberta and Saskatchewan from 1CM Inc. (CSE: EPIC) (OTCQB: MILFF) in a deal valued at C$32.2 million. The deal is expected to close by the end of the third quarter of 2025. According to the statement, the 1CM Stores generated an annual revenue of approximately C$53 million in the fiscal year ending August 31, 2024, with 30 active stores at the fiscal year’s end.