Lisa Bernard-Kuhn

Boston-based marijuana firm Ascend Wellness closes $40 million funding round

Boston-based cannabis company Ascend Wellness has closed a $40 million funding round – capital the firm plans to use to build out its multistate footprint. Poseidon Asset Management, Salveo Capital, JM10 Partners and Shire Capital Advisors led the funding round. Ascend has licenses in three states: Illinois, Massachusetts and Michigan. More details on the funding […]

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Acreage inks $160 million acquisition of Oregon cannabis firm

Acreage Holdings has inked a $160 million deal to acquire Form Factory, a Portland, Oregon-based marijuana infused edibles manufacturer and distributor. The all-stock deal will boost Acreage’s footprint from 18 to 19 states and position the firm as a multistate consumer packaged goods firm, said George Allen, president of the New York-based company (CSE: ACRG.U). […]

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Aphria fallout: 5 takeaways on the report that sent this cannabis stock plunging

The blows to Aphria’s stock continued Wednesday as the Canadian cannabis giant’s share price tumbled in the wake of a scathing short-seller report. Aphria’s stock (Nasdaq: APHA) closed Wednesday at $4.51 – down more than 25% for the day. The company has been on the defensive since Monday, refuting claims lobbed by short sellers Quintessential […]

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L.A.-based marijuana firm OG DNA Genetics inks $35 million raise

OG DNA Genetics of Los Angeles has raised a total of $35 million through two initial equity financing deals. The company said it plans to use the proceeds to expand its operations in California, where it manufactures and distributes its branded DNA indoor-grown flower, pre-rolled joints, vaporizer cartridges and concentrates. More details about the funding […]

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Multistate cannabis firm Cresco Labs launches trading on CSE

Chicago-based Cresco Labs began trading Monday on the Canadian Securities Exchange, adding its name to the rapidly growing list of U.S.-based firms that are going public in Canada. Here’s what you need to know: Cresco Labs will trade on the CSE under the ticker symbol CL. Shares of the multistate marijuana company opened at 8 Canadian […]

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Alaska credit union launches pilot program to serve marijuana firms

An Alaska credit union has joined the growing ranks of state-chartered financial institutions to announce plans to serve the legal cannabis industry. Credit Union 1 – a 66-year-old, Anchorage-based business – announced Thursday it is kicking off a pilot program to provide financial services to the state’s approved marijuana-related businesses – otherwise dubbed MRBs. “Since […]

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US cannabis edibles firm Dixie Brands debuts trading on CSE

Denver-based Dixie Brands began trading Thursday on the Canadian Securities Exchange, joining a rapidly growing list of U.S.-based marijuana firms that have looked north of the border to raise capital to grow and compete. Shares of Dixie – trading under the ticker symbol DIXI.U – opened at 1.05 Canadian dollars (79 cents). The move follows the […]

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Multistate marijuana firm Cura Partners inks $75 million private placement

Oregon-based Cura Partners, a multistate cannabis firm, has completed a $75 million private placement. The capital will be used for product development, marketing and expanding operational infrastructure, the company said. The raise included investments from institutional investors in North America, Asia, Australia and the United Kingdom, “reflecting increasing global interest in the cannabis industry,” Cura […]

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