The new notes, which carry an interest rate of 11.5%, will be used to refinance $475 million in existing senior secured notes.
Margaret Jackson
Margaret Jackson's Latest Posts
Hawaii adult-use cannabis legalization is $1 billion opportunity
The state’s MMJ market generates about $5.3 million in monthly sales. Medical patients account for 25% of all cannabis consumers in the state.
The science behind curing and packaging cannabis for a global market
With global cannabis import-exports on the rise and marijuana rescheduling leading American operators think about interstate commerce, preserving cannabis’ potency and freshness is more important than ever.
Willie Nelson-branded hemp THC drink goes national with $15 million raise
The financing will fuel product development and national retail expansion of the brand, which launched less than a year ago.
Cannabis MSO Ayr cannabis cultivation facility in Ohio sells for $28.5 million
Ayr Wellness will continue to operate the facility, which was acquired by a New York-based real estate investment trust.
Texas lawmakers signal shift from hemp THC ban to regulation in 2027
The focus for the 2027 legislative session will likely be on establishing a clear regulatory framework instead of pursuing prohibition.
Michigan cannabis shops tighten security amid surge in break-ins
The crimes are being attributed to the lucrative resale of stolen cannabis products, saying the robberies are rarely cash-grabs.
Dry January boosts THC beverage sales, but effect is felt year-round
Companies that make intoxicating hemp beverages say they see a bump in sales leading up to and throughout January.
Report: Colorado cannabis vapes show signs of hemp inversion
Cannabis industry experts say the products could endanger consumers and are undermining the state’s $1.4 billion legal cannabis market.
Oklahoma proposes strict cannabis cultivation cap, THC limits in edibles, new taxes
The state has been operating under a moratorium on new grower, processor and dispensary licenses since August 2022.
How Terry Mendez redefined cannabis banking at Safe Harbor Financial
Terry Mendez is steering Safe Harbor through a growth and innovation, redefining the role of a financial partner in the cannabis industry.
Scotts Miracle-Gro to sell off cannabis subsidiary to marijuana MSO Vireo Growth
Scotts Miracle-Gro will transition to an equity participation arrangement with Vireo rather than maintaining direct ownership of Hawthorne.
