Cannabis Business Times
Ben Kovler has led Green Thumb Industries with a simple focus, “we start with the consumer. The business is built for the American consumer. That’s where we stick, and that’s where we see a ton of momentum,” he said. This focus has paid off as evidenced by first quarter revenues that exceeded $102 million (making Green Thumb the first US-based cannabis company to reach nine figures of revenue in a single quarter).
Belushi's Farm is teaming up with Grassroots Cannabis to launch a Blues Brothers line of cannabis products. Jim Belushi, actor and founder of Belushi’s Farm, and Dan Aykroyd, actor and original Blues Brother, recently discussed the new venture and their partnership with Grassroots.
New Cannabis Ventures
Coming from a liquor-distribution background, Josh Genderson has transitioned well into the cannabis world as evidenced by his execution as CEO of Holistic Industries. Holistic exited 2019 at roughly $100 million run-rate, has seen 28 percent growth quarter-over-quarter for the past five quarters, and expects higher growth in coming quarters.
The Flowr Corporation has closed a third tranche under its agreement with Terrace Global to fund its outdoor medical cannabis cultivation site in Portugal. “Thus far the crops in Aljustrel look very promising and we continue to be on track to harvest the fields in Q4 2020. It’s exciting to be leading what we believe to be one of the largest outdoor THC cultivation projects in Europe to date,” Flowr CEO Vinay Tolia said in a statement.