As marijuana companies across Canada brace for the historic rollout of the country’s recreational program next week, some businesses have their sights set on bigger opportunities they see coming in the United States. Canadian cannabis investment firms and holding companies are making multimillion-dollar bids on a range of U.S.-based cultivators, manufacturers and retailers already. Relatively […]Read More
Lisa is an award-winning business reporter specializing in finance and public companies in the cannabis industry for Marijuana Business Daily. Previously, she worked as an investigative reporter at WCPO-9, an affiliate of the ABC network. She has extensive business reporting experience, covering public companies, real estate and health care for newspapers including The Cincinnati Enquirer and Dayton Daily News. Her work has garnered several awards from the Associated Press, Cleveland Press Club and Society of Professional Journalists. She is based in Cincinnati, Ohio.
Chicago-based marijuana firm Cresco Labs closed a $100 million funding round that attracted institutional investors, a notable milestone for cannabis finance in the United States. The raise represents the second-largest deal inked in the U.S. marijuana industry to date. New York-based Acreage Holdings’ $119 million raise in July holds the top spot for private funding […]Read More
The nation’s largest radio broadcaster, IHeartMedia, has agreed to invest up to $10 million in the publisher of High Times magazine, giving the marijuana company access to the media firm’s digital and radio advertising platforms. Under the deal, IHeart will commit $5 million-$10 million worth of advertising on the internet and radio – platforms High […]Read More
Infused cannabis products maker Dixie Brands closed a $25 million funding round as it works to go public in Canada before year’s end. The Series C capital raise was originally offered as a non-brokered private placement for up to $20 million, but heavy investor demand led Dixie to boost the offering to $25 million, the […]Read More
GW Pharmaceuticals is setting out to sell $300 million worth of U.S. depository shares. The London-based company’s announcement comes on the heels of the U.S. Drug Enforcement Administration’s move to take some cannabidiol products off the most restrictive class of controlled substances. That change will allow Epidiolex – a CBD drug manufactured by GW Pharmaceuticals to treat rare […]Read More
As merger and acquisition activity accelerates across the cannabis industry, many companies are discovering they don’t need a for-sale sign in the window to be a takeover target.
The flurry of M&A activity, which is on pace to double in the marijuana industry this year, is giving more company founders a chance to cash out at an attractive price after years of working 24/7 to build their businesses.Read More
Hawaii’s top banking regulator joined the growing chorus of state leaders urging Congress to consider banking solutions for the cannabis industry. Iris Ikeda, commissioner of Hawaii’s Division of Financial Institutions, is among 13 state banking regulators who have sent a letter to congressional leaders seeking legislation that creates a safe harbor for organizations to bank […]Read More
Namaste Technologies says it’s on pace to raise $45 million in a bought-deal financing. The firm, which operates an e-commerce platform for cannabis products with more than 30 websites in 20 countries, entered into a letter of engagement under which Eight Capital has agreed to purchase – as co-lead underwriter and joint bookrunner with Canaccord Genuity Corp. […]Read More
Shares of cannabis cultivator The Flowr Corp. have officially begun trading on the TSX Venture Exchange under the ticker symbol FLWR. The trading debut follows Flowr’s recent raise of 36 million Canadian dollars ($27.7 million) and reverse takeover of a shell company previously listed on the exchange. The company has a license from Health Canada and agreements […]Read More
Ohio-based cannabis retailer Green Growth Brands has raised 85 million Canadian dollars ($65.6 million) in a private placement – capital the firm will use to go public in Canada and expand internationally. The raise exceeded the firm’s initial target of CA$55 million. Increased investor interest fueled the boost, the company said Tuesday. Green Growth is […]Read More
Los Angeles-based marijuana extracts firm Field is poised to expand into new markets after closing a $6 million funding round. The raise was led by: Cannabis investment fund Navy Capital under managing partners Sean Stiefel and John Kaden. MedReleaf executives Eitan Popper, Igor Gimelshtein and Tarik Ouass, who earlier this year sold the company to Aurora Cannabis for 3.2 billion Canadian dollars ($2.5 billion). […]Read More
A reportedly racy shareholder party hosted by Namaste Technologies has cost the Toronto company its business ties with fast-growing cannabis producer Tilray.
Officials with Tilray confirmed in an email to Marijuana Business Daily that it had “ended its relationship” with Namaste after a highly publicized “pledge party” the firm held for stockholders who promised not to sell company shares for 90 days.Read More
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