Investors are keying in on the hemp sector, raising more than 10 times the amount raised last year at this point.
Nick Thomas
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Reports: Canopy Growth to buy Acreage Holdings, creating North American cannabis giant
Canada’s Canopy Growth is close to a deal to acquire New York-based marijuana multistate operator Acreage Holdings, multiple sources, including CNBC and Bloomberg, reported Wednesday.
Slang to acquire Arbor Pacific, expanding marijuana operations in Pacific NW
Toronto-based Slang Worldwide (CSE: SLNG), a manufacturer of cannabis packaged goods, announced it will acquire Arbor Pacific, a Washington state-based marijuana brands group with manufacturing operations in Colorado, Oregon and its home...
PharmaCann gets extension on Ohio cannabis grow facility key to MedMen deal
PharmaCann, which is due to merge with MedMen via a $682 million stock deal, received a state extension until October to complete the development of a cultivation facility in Buckeye Lake, Ohio. The $20 million cultivation center must be...
Marijuana giant Canopy Growth to join S&P/TSX 60 index
The S&P/TSX 60 index will add Canopy Growth, an Ontario-based cannabis company, on April 18.
Marijuana packaging firm KushCo: Higher Q2 2019 revenue, but increased losses
KushCo Holdings, a California-based cannabis packaging group, reported revenue of $35.2 million for its fiscal second quarter ended Feb. 28, 2019. This compares with $10.4 million net revenue for the same period in fiscal 2018. Net loss for...
Weekly Deal Watch: Busiest week of the year for publicly traded cannabis M&A
With 11 deals closed, last week was the busiest so far this year for M&A deals involving publicly traded cannabis companies.
Harvest Health to buy CannaPharmacy, expand cannabis operations
Phoenix-based Harvest Health & Recreation agreed to acquire CannaPharmacy, a vertically integrated marijuana company operating in four Northeastern states. Terms were not disclosed, and a Harvest spokesman confirmed the deal was not material to the company....
Marijuana packaging group KushCo to restate financial results, report fiscal Q2 2019
KushCo Holdings, a California-based cannabis packaging company, said it is restating its results from both fiscal 2018 and 2017 to reflect accounting errors stemming from previous acquisitions. The result is an increased net loss in fiscal 2018 from $10.2 million to...
Green Thumb Q4 sales climb 237% amid expanding marijuana operations
Green Thumb Industries, a Chicago-based multistate cannabis company, reported revenue of $20.8 million for the fourth quarter ending Dec. 31, 2018, up 237% from the same period a year before thanks to GTI's expansion into additional states and the opening of more...
Weekly Deal Watch: Debt capital raises increase among public cannabis companies
While the total number of capital raises in the cannabis industry so far this year remains less than the same period in 2018, debt raises among publicly traded companies are significantly outpacing those of last year.
Evolve to launch ETF focused on US marijuana stocks
Evolve Funds Group, a Toronto-based fund manager with assets of 430 million Canadian dollars ($322.5 million), plans to launch an exchange-traded fund (ETF) focused on U.S. cannabis stocks. The U.S. Marijuana ETF would follow on the heels of...
