CVS will start selling CBD products in 800 stores across 10 states.
Curaleaf Holdings Inc. said late Wednesday that CVS Health Corp. will carry its line of CBD products, an important deal for the U.S. cannabis retailer that could put its CBD products in front of many more Americans.
Curaleaf CURLF, +3.44% shares ended Wednesday’s session at $6.86, giving it a market capitalization of more than $3 billion; the company’s shares do not trade after hours. CVS CVS, -1.63% shares were down less than 0.1% in extended trading after the announcement. Curaleaf on Wednesday reported widening net losses, while growing revenue more than 400%. The company reported fourth-quarter net losses of $16.5 million, or 4 cents a share, compared with profits of $624,000, or zero cents a share in the year-ago quarter. Revenue rose to $32 million from $6.3 million in the year-ago period, excluding revenue from managed entities.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CBD Easter candy has arrivedJelly Belly creator launches CBD-infused jelly beans with 10 mg of CBD.
Read more »
Cannabis for the Non-Stoner: 11 of the Best CBD Products to Try Right NowCBD (a.k.a cannabidiol), the non-psychoactive cannabinoid derived from Cannabis Sativa and hemp, is having a moment. It’s not FDA-approved but many CDB users claim that the compound has helped them tremendously—from treating pain, anxiety, inflammation, and beyond. Here are 11 products to check out.
Read more »
Cannabis for the Non-Stoner: 11 of the Best CBD Products to Try Right NowCBD (a.k.a cannabidiol), the non-psychoactive cannabinoid derived from Cannabis Sativa and hemp, is having a moment. It’s not FDA-approved but many CDB users claim that the compound has helped them tremendously—from treating pain, anxiety, inflammation, and beyond. Here are 11 products to check out.
Read more »
The inventor of Jelly Belly has launched cannabis-infused jelly beansJelly Belly's inventor is getting into the cannabis business with CBD-infused jelly beans.
Read more »
The FDA is putting together a group of experts to figure out how to handle the $1 billion CBD industryThe group will develop options for Congress to allow the cannabis-derived substance in food products, FDA Commissioner Scott Gottlieb said.
Read more »
No, CBD-infused jelly beans definitely won’t get you high. Here’s why.There is CBD beer, coffee, gummies, soda, skin care, oils and drops. And now this: jelly beans, made by the man who invented Jelly Bellys.
Read more »
Opinion | CBD oil promises miracle cures. Here's what the science says.Opinion | Timothy Caulfield: 'The buzz around cannabis products is understandable. But we simply don't know enough yet about possible benefits — or risks.' - NBCNewsTHINK
Read more »
U.S. Cannabis producer Curaleaf revenue rises 407% as losses widenU.S. cannabis retailer and producer Curaleaf Holdings Inc. reported widening losses and revenue that grew 407% late Wednesday. The company reported...
Read more »