Nick Thomas - Niche Editor
EMAIL: [email protected]
PHONE: 720.213.5824

Nick Thomas

Nick has an extensive journalism background, having worked in a variety of media and industries including as a reporter on the UK utilities sector for Bloomberg in London. He was also an early employee for successful digital M&A company Mergermarket where he served as the Content Editor. Originally from the UK, he has a BA in modern languages from the University of Wales (Bangor) and an MA in international studies from the University of Denver.


Canadian cannabis firm Canopy sees stock soar on revenue growth

Canadian marijuana giant Canopy Growth on Friday reported fiscal third-quarter net revenue that soared 62% from the second quarter, jumped 49% from its third quarter in 2019 and drove up its stock by double-digit figures. The Ontario-based company, which has an estimated 22% share of the Canadian recreational marijuana market, reported revenues of 123.8 million Canadian dollars […]

Read More

Large US cannabis companies look to debt funding versus equity and sale-leaseback deals

Big marijuana companies in the United States increasingly are turning to debt as a funding tool, spurred by falling cannabis stock prices and terms that are more attractive than those for real estate sale-leaseback deals. Multistate operators Curaleaf, headquartered in Massachusetts, and Cresco Labs, based in Chicago, have led the way by announcing debt raises […]

Read More

Acreage secures $100 million in debt to fund marijuana growth

Acreage Holdings, a New York-based multistate operator, on Friday said it had secured a credit facility of up to $100 million with an institutional lender. In addition, the company has agreed to a separate $50 million loan as collateral to the credit facility. Part of that $50 million is funded by Acreage CEO Kevin Murphy. The […]

Read More

Some struggling US cannabis companies may look to Canada for possible bankruptcy protection

With capital constraints a growing factor in the marijuana industry, U.S. cannabis companies facing financial pressure are increasingly eyeing Canadian bankruptcy protection as a possible solution to their problems. “It’s a growing trend,” said Zachary Kobrin, special counsel of government affairs at Fort Lauderdale, Florida-based Akerman. “We started seeing the tea leaves a few months ago and […]

Read More

Which California city might show the way forward for cannabis social equity in the state?

Some marijuana industry watchers are keeping a close eye on Sacramento, California, as a possible example that other municipalities in the state could follow as they look to expand or develop new social equity plans. California cities, including Sacramento, have struggled to fulfill the ideals behind social equity even as marijuana businesses in the state also […]

Read More

Cresco Labs secures up to $200M in debt for marijuana operations

Cresco Labs, a multistate cannabis operator based in Chicago, said it has secured up to $200 million in debt funding from a syndicate of lenders. The money is earmarked to: Expand operations in Illinois, where it’s based. Finance pending acquisitions Fund other growth initiatives. The company expects to draw down up to an initial $100 […]

Read More

Illinois social equity cannabis applicants laud licensing help from consultants, technology

Many marijuana industry watchers tout the social equity program in Illinois as one of the most far-reaching and likely to succeed in the U.S. cannabis sector. However, experts also note that for all the Illinois program’s positive intent, it is still a sometimes prohibitively expensive and burdensome undertaking for any social equity applicant. With associated expenses […]

Read More

Some marijuana firms turn to small investor opportunities in tight funding climate

Cannabis companies in the United States currently face a tough environment in terms of raising money. However, as an example of how marijuana businesses are looking to address this funding challenge, one California producer is turning to mom-and-pop investors as opposed to venture capital. Goldenseed, a privately owned Santa Cruz-based cultivator and processor, said it […]

Read More

New Colorado law boon for cannabis capital, but concerns remain for minority businesses

Colorado Gov. Jared Polis was lauded in May when he signed into law legislation allowing outside money to be invested in the state’s cannabis industry. Since the law went into effect Nov. 1, outside capital has already begun flowing into Colorado marijuana businesses. For example: Denver-based Medicine Man Technologies through the year announced an almost […]

Read More

Cresco terminates VidaCann acquisition, highlighting cannabis industry’s focus on saving cash

Chicago-based multistate cannabis operator Cresco Labs said it is ending its agreement to buy Florida’s VidaCann, becoming the latest U.S. marijuana M&A deal to unravel and highlighting the steps companies are taking to navigate a rocky business environment. Cresco’s decision, in particular, sheds light on how marijuana companies are scrambling to save money and refocus […]

Read More