Lisa Bernard-Kuhn

US cannabis retailer Green Growth Brands inks CA$30.5 million raise

Ohio-based marijuana retailer Green Growth Brands raised 30.5 million Canadian dollars ($23.2 million) in a private placement ahead of the firm’s planned trading debut in Canada later this month. The raise follows a CA$85 million private placement inked in September and brings Green Growth’s total raises to more than CA$140 million. The firm plans to use the […]

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Medical marijuana firm Surterra raises $54.6 million of $165.5 million goal

Surterra Wellness, an Atlanta-based medical marijuana company, has raised nearly $55 million as part of a funding round that ultimately aims to drum up $165.5 million. The $54.6 million raise – comprised of debt and options or warrants – included investments from 17 accredited investors, according to filings with the U.S. Securities and Exchange Commission. Company […]

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MedMen pens $33 million deal to expand its reach in Arizona cannabis market

Los Angeles-based MedMen inked a $33 million deal to acquire an Arizona-based vertically integrated marijuana firm. The cash and stock deal will give MedMen a controlling interest in cannabis cultivator, producer and retailer Kannaboost Technology and CSI Solutions – referred to collectively as Level Up. Here are the basics behind the deal: MedMen expands its […]

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California cannabis company Indus closes $46 million raise for expansion

California marijuana supplier Indus Holding Co. has closed a $46 million funding round – capital that will be used to bolster the firm’s cultivation and distribution operations. The Series B funding round brought in more than triple Indus’ original target of $15 million, the result of high investor interest, the company said in a news […]

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Marijuana firm Cresco Labs expands in Arizona, Illinois

Just weeks after closing a $100 million capital raise, Chicago-based Cresco Labs is growing again – this time through acquisitions in Arizona and Illinois. The multistate cannabis firm announced that it has acquired Arizona Facilities Supply, which provides management services to Encanto Green Cross Dispensary. Encanto is licensed to cultivate, process and dispense medical marijuana […]

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Canadian cannabis firm Aphria approved for NYSE listing

Aphria, one of Canada’s largest cannabis producers, has been approved to list its shares on the New York Stock Exchange. The firm will trade on the NYSE under the ticker symbol APHA starting Nov. 2. The Ontario-based company joins a growing list of Canadian cannabis firms turning to the top U.S. exchanges to tap the […]

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Eaze co-founder inks $5 million raise for marijuana logistics firm

A former executive of marijuana tech startup Eaze has raised $5 million for a new B2B logistics and e-commerce platform, Wayv. Based in Los Angeles, Wayv allows marijuana retailers to buy from a network of licensed cannabis companies and receive next-day deliveries. The platform integrates real-time tracking, regulatory and compliance features. Keith McCarty, a co-founder […]

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Marijuana firm Curaleaf makes stock trading debut in Canada with $4B valuation

Massachusetts-based Curaleaf made its trading debut on the Canadian Securities Exchange on Monday after a $400 million private placement. The multistate cannabis firm raised almost three times its initial offering target of $150 million, giving the company a valuation of $4 billion. Curaleaf, which changed its name in August from PalliaTech, is listed on the […]

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Marijuana company 4Front completes $31 million raise to fund acquisitions, expansion

Multistate cannabis operator 4Front Holdings, which plans to go public in Canada, raised $31 million in a private placement of equity securities – more than double the initial offering of $15 million, according to a news release from the company. Phoenix-based 4Front plans to use the proceeds to invest in “top-tier talent,” acquisitions and the […]

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Marijuana vape firm Pax Labs raises $20M but seeks to avoid VC dependence

San Francisco-based Pax Labs has closed a $20 million funding round, Bloomberg reported. CEO Bharat Vasan told the news outlet that the company wanted to keep the investment small to “avoid becoming overly dependent on venture capital.” Launched by the founders of e-cigarette maker Juul, Pax Labs vaporizers allow users to control the device with […]

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Canadian acquisition company to purchase five US cannabis firms

Toronto-based Cannabis Strategies Acquisition Corp. (CSAC) has inked a deal to acquire five U.S. cannabis firms, with plans to combine the operations. CSAC – a special purpose acquisition company that is listed in Canada (CSA/A:CN) – will pay a total of 99 million Canadian dollars ($76 million) in cash for the five companies, with plans to […]

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