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Jenel Stelton-Holtmeier

Jenel’s journalism experience began two decades ago at her hometown newspaper in Wahpeton, North Dakota. For the past decade, she wrote and edited for a B2B publication and focused on analyzing management, strategy and trends for business owners and executives, ranging from best practices around M&A to how businesses can adapt to demographic shifts in the workforce. Her work earned several editorial excellence awards from the Specialized Information Publishers Association.

Net loss for cannabis firm MJardin balloons in 2018

Denver-based MJardin Group reported revenue for 2018 of 27.5 million Canadian dollars ($20.4 million), up 38% over revenue in 2017. The marijuana company recorded a net loss for 2018 of CA$84.3 million, compared with a year-ago profit of CA$1.5 million, primarily stemming from losses connected to Canadian cultivation operations. MJardin operates cultivation, processing and retail […]

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MJardin to add marijuana extraction in Nevada with acquisition

Denver-based MJardin Group agreed to buy Carson City Agency Solutions, which does business as Cannabella, an operator of a cannabis extraction facility and producer of edibles and topicals in Carson City, Nevada. Terms of the deal were not released. With the acquisition, MJardin will add extraction capabilities to its existing cultivation operations in Nevada. To […]

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Webcast: Behind marijuana firm Harvest Health’s acquisition strategy

Arizona-based Harvest Health & Recreation has dominated recent headlines, primarily a result of its active acquisition strategy to grow into new markets. Last month, Harvest announced a record-breaking purchase of Verano Holdings and, this week, followed with a plan to acquire CannaPharmacy, a vertically integrated marijuana company operating in four Northeastern states. What’s driving Harvest’s […]

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Tricks of the trade: Cresco’s CEO on creating a major multistate marijuana business

The success of Cresco Labs in the U.S. marijuana market can partly be attributed to its leadership’s experience in navigating complex industry regulations. “Myself and our other co-founders came to cannabis from a banking background and, really, mortgage banking in particular,” said CEO Charlie Bachtell in the latest MJBizDaily Investor Intelligence Executive Webcast. “So, we’ve […]

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Michigan medical cannabis cultivator Green Peak raises $30M-plus for expansion

Green Peak Innovations, a medical cannabis cultivator based in Lansing, Michigan, raised more the $30 million in an oversubscribed debt round. The funds will be used to support Green Peak’s expansion in Michigan as well as plans to take the company’s “scalable model to other states,” CEO Jeff Radway said in a news release. Plans […]

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