A British American Tobacco subsidiary acquired roughly 4.4 million Organigram common shares and 8.5 million Class A preferred shares for gross proceeds of CA$41.5 million.
Margaret Jackson
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Pre-rolls spark fastest growth category in the cannabis industry
As cannabis consumer preferences shift toward convenience and ready-to-use products, pre-rolls have evolved from a niche offering to a retail staple.
Cannabinoid firm Avicanna pays off debt with funds from $2M private placement
Toronto-based Avicanna said it paid off $1.4 million in debt from August 2023 after closing on a nearly $2 million non-brokered private placement of its 6.6 million shares.
SNDL wins stalking-horse bid to buy cannabis edibles producer Indiva
Canadian cannabis and alcohol company SNDL won its stalking-horse bid to acquire Indiva, the country’s leading producer of marijuana edibles.
Missouri cannabis operators face Sept. 1 deadline to implement plain packaging
Missouri’s plain packaging requirements for recreational cannabis products take effect Sept. 1, more than a year after the rule was put in place.
Marijuana MSO Ascend appoints new CEO, CFO in leadership shake-up
Two key executives are out at Ascend Wellness Holdings as the New York-based marijuana multistate operator struggles with declining revenue and increased losses.
Value of a cannabis license varies with type, market age
A cannabis business license in one jurisdiction can be a golden ticket to substantial profits. In another, it’s just a piece of paper.
Arkansas medical cannabis sales down 4% from last year
Medical marijuana sales in Arkansas are down nearly 4% this year compared to the same period in 2023.
The Cannabist Co. selling Florida medical marijuana grows, dispensaries for $16.4M
New York-based The Cannabist Co. is selling all 14 of its Florida medical marijuana dispensaries and three cultivation facilities for $16.4 million in two separate deals involving three multistate operators.
Alberta becomes third Canadian province to allow cannabis delivery via Uber Eats
Through a partnership with Leafly, Uber Eats is now delivering cannabis to customers in Alberta, Canada.
Tyson launches boxing glove cannabis gummies to meet Colorado rules
Mike Tyson is launching his popular line of cannabis gummies in Colorado, but they’re shaped like boxing gloves instead of ears.
Cannabis company TerrAscend to repurchase $10 million in shares
The board of TerrAscend Corp., a Canadian-headquartered cannabis operator with U.S. assets, authorized management to repurchase $10 million of its common shares over the next 12 months.
