AFC Gamma priced an offering of $100 million aggregate senior notes to qualified institutional investors, the West Palm Beach, Florida-based company said Friday.
Matt Lamers
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Hexo’s cannabis loss improves to CA$114M, but auditor sounds warning
Canadian cannabis producer Hexo Corp.’s net loss improved to 113.6 million Canadian dollars ($92 million) in its fiscal year ended July 31, 2021, on record adult-use marijuana revenue and growing international sales, the company announced Friday.
‘Wunderkind’ CEO of Neptune cannabis firm granted CA$69 million in compensation over 2 years
Neptune Wellness Solutions, a Quebec-based health and wellness company involved in the cannabis industry, paid CEO Michael Cammarata almost 70 million Canadian dollars ($56.7 million) in mostly noncash compensation in the past two fiscal years, according to regulatory filings with the U.S. Securities and Exchange Commission.
Nugs parent reaches deal to buy part of California cannabis cultivation facility
Los Angeles-based cultivator Cannabis Strategic Ventures signed a memorandum of understanding with Devine Solutions to purchase 10% of an indoor cannabis cultivation facility in Sacramento, California.
Tilray latest Canadian firm to strike cannabis supply deal in Luxembourg
Tilray reached a deal with Luxembourg’s Ministry of Health to supply the small European country with medical cannabis, the company announced Tuesday, becoming the third Canadian cannabis producer since 2019 to supply the burgeoning market.
Beringer Capital buys majority stake in financial site covering marijuana
Toronto-based private equity firm Beringer Capital acquired a majority stake in Benzinga, a business website covering various sectors, including marijuana.
Rhode Island’s medical marijuana dispensary lottery set for Oct. 29
Rhode Island’s lottery to more than double the number of medical cannabis dispensaries in the state is scheduled to take place Oct. 29, according to a public notice from state regulators.
Curaleaf cannabis store workers unionize in Worth, Illinois
Workers at a Curaleaf Holdings cannabis dispensary in Worth, Illinois, are joining the United Food and Commercial Workers after a yes vote in a union election, Local 881 of the UFCW said.
High Tide’s Canadian cannabis stores transition to ‘discount club’ model
Cannabis retailer High Tide is transitioning its 100-plus stores across Canada to a “discount club” model, eyeing price-sensitive consumers yet to transition to the regulated market. “A driving focus of this rollout will be to convert...
Cannabis sales in Canada set 6th straight monthly record in August
Spending on recreational cannabis products grew to 357 million Canadian dollars ($290 million) in August, according to newly released data by Statistics Canada, the sixth consecutive month of record sales.
Cannabis firm Jushi secures $100 million funding with 9.5% interest rate
Multistate cannabis operator Jushi Holdings Inc. secured a $100 million credit facility with a 9.5% annual interest rate to bankroll expansion in the company’s core and targeted U.S. markets.
Hexo taps cannabis beverage head as next CEO
Hexo Corp. appointed Scott Cooper, current head of its beverage joint venture, as its new chief executive officer, effective immediately.
