NORTHAMPTON, Mass., July 8, 2024 /PRNewswire/ -- Fernway, the leading Northeastern US cannabis brand, today reported its financial results and an update on strategic transactions. For the quarter ended June 30, 2024 (Q2), Fernway generated $10.2M in wholesale revenue and an estimated annualized retail gross merchandise value (GMV) of $85M+. This represents +135% year over year growth, an acceleration vs Q1 2024. For the quarter ended March 31, 2024 (Q1), Fernway generated $7.5M in wholesale revenue and an estimated annualized retail GMV of $60M+. This represents growth of +63% year over year compared with the Q1 2023 period. Delta Emerald Ventures led a $6M Convertible Note Equity Financing for Fernway that closed in April 2024, which included Lago Innovation and many existing seed investors. Fernway first met Ian Dominguez of Delta Emerald Ventures at the 2022 Benzinga Capital Conference in Miami. Fernway closed on a Guidance Line with a New ...