Bart Schaneman

Parent firm of marijuana mag High Times raises $5M, extends cutoff for $50M goal

The parent of California-based cannabis culture magazine High Times raised more than $5 million in its effort to go public, but that’s still short of the $17.2 million it needs to be listed on the Nasdaq and far from the $50 million it set out to raise. High Times Holding extended its fundraising deadline by more than a month to allow for more investment.

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MJardin buying Nevada cannabis cultivation facility for $22 million

MJardin has agreed to buy a licensed cannabis cultivation facility in Las Vegas for roughly $22 million in cash and stock, allowing the Denver company to extend its geographic footprint into the Nevada marijuana market. MJardin – which operates cultivation, processing and retail facilities in North America and has an office in Toronto – said […]

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OR county gets grant to battle marijuana growers harvesting more than license limits

An Oregon county’s sheriff’s office will use state grant money to go after legal growers that harvest more than their license allows as well as black market marijuana producers. The nearly $600,000 grant from a new program will pay for three detectives, one crime analyst and a part-time prosecutor in Jackson County, the Mail Tribune […]

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Marijuana company Curaleaf looking for $4 billion valuation

Massachusetts-based Curaleaf, a vertically integrated cannabis company, is seeking a valuation of up to $4 billion. According to Bloomberg, the company entered into a reverse takeover when Canada’s Lead Ventures combined with PalliaTech in August and changed its name to Curaleaf. The company plans to offer subscription receipts – which can be exchanged for common […]

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Week in Review: MJardin’s reverse takeover, California’s marijuana testing woes & Alaskans’ taste for high-THC goods

MJardin becomes the latest U.S. cannabis company to go public in Canada through a reverse takeover, nearly 20% of marijuana products in California fail tests for potency and purity, and Alaskans’ preference for high-THC products could bankrupt some growers. Here’s a closer look at some notable developments in the cannabis industry this week. Buyer beware […]

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Marijuana officials warn MA pesticide crackdown could stymie MMJ industry

Massachusetts medical marijuana industry officials cautioned that a crackdown by state regulators on their use of pesticides, including natural compounds used by the organic food industry, could hamstring cultivators and curb MMJ supplies. The Boston Globe reported that state health department inspectors shuttered Colorado-based medical cannabis firm Good Chemistry’s growing, processing and retail operations in Massachusetts […]

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Multistate cannabis retailer raises $25 million

Seattle-based marijuana retailer Have a Heart closed a $25 million series A funding round, money the company plans to use to continue its expansion. According to a news release, the investment came from backers with experience in the cannabis and technology industries. Here’s what you need to know: The business started in 2011 with five […]

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A year after Hurricane Maria, Puerto Rico’s medical marijuana program back on track

One year after a hurricane devastated the island of Puerto Rico, medical cannabis businesses are reporting a remarkable turnaround from a storm that is believed to have left nearly 3,000 people dead. The U.S. territory’s medical marijuana patient pool is increasing and prices for cannabis flower are leveling off after Hurricane Maria ravaged Puerto Rico’s […]

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Jimmy Buffett teams with Wrigley heir to license brand to Florida cannabis firm

Popular singer/songwriter Jimmy Buffett is joining a growing list of celebrities who dabble in the marijuana industry, teaming with an heir from the Wrigley chewing gum family. Buffett – known for his hit “Margaritaville” and his Parrothead fans – will license his Coral Reefer brand to Georgia-based Surterra Holdings for a line of marijuana products that […]

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US marijuana company MJardin to go public in Canada via reverse takeover

Another notable U.S. marijuana company is completing a reverse takeover in Canada so it can go public north of the border. Denver-based MJardin – which operates cultivation, processing and retail facilities in North America and has an office in Toronto – plans to trade on the Canadian Securities Exchange (CSE) through a reverse takeover (RTO) of […]

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Marijuana-focused exchange-traded fund reaches CA$1 billion in assets

A cannabis-focused exchange-traded fund has reached 1 billion Canadian dollars ($760 million) in assets, partly stemming from recent major investments from key players in the nation’s cannabis space ahead of the country’s recreational legalization. Horizons Marijuana Life Sciences ETF (HMMJ), which trades on the Toronto Stock Exchange, reached the milestone in assets under management in […]

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Week in Review: Long wait for Oregon rec cannabis permits, OK docs told no MMJ & New Jersey deluged by applicants

New recreational cannabis applicants in Oregon have to wait at least a year for a license, many Oklahoma doctors are told not to recommend medical marijuana, and New Jersey receives a flood of applications for MMJ licenses. Here’s a closer look at some notable developments in the cannabis industry this week. Oregon preps for license […]

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