Canadian cannabis cultivation giant Tilray plans to focus on Europe and the U.S. for its upcoming expansion plans after posting higher-than-expected sales in the fourth quarter.
Nick Thomas
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Marijuana company Curaleaf to buy Nevada’s Acres Cannabis for $70M
Massachusetts-based Curaleaf, a vertically integrated cannabis operator, agreed to buy Acres Cannabis for $70 million in a cash and stock deal. Acres Cannabis currently operates 269,000 square feet of cultivation facilities in Nevada with...
Cresco to enter FL medical marijuana market via $120M VidaCann purchase
Cresco Labs, a Chicago-based vertically integrated cannabis company, agreed to acquire Florida medical marijuana provider VidaCann in a $120 million cash and stock deal. The deal gives Cresco a presence in Florida for the first time, expanding its operations into...
Marijuana firm Tilray taps ex-Goldman Sachs managing director
Canadian marijuana cultivator Tilray said it is hiring former Goldman Sachs Managing Director Andrew Pucher as chief corporate development officer.
Marijuana firm Acreage reports increased revenue, red ink in Q4 and FY 2018
New York-based vertically integrated cannabis group Acreage Holdings reported its fourth-quarter revenue nearly quadrupled last year, while its net loss for the period widened sharply after the company spent heavily in 2018 on acquisitions to expand its footprint....
Denver cannabis firm with franchise model to list on Canadian stock exchange
A Denver cannabis company that plans to help franchisees set up marijuana retail businesses is set to go public next month in Canada, becoming the latest U.S. MJ business to tap into the Canadian capital market through a reverse takeover. One Cannabis is set to list...
Marijuana firm MedMen’s fiscal Q2 sales grow, losses shrink from previous quarter
Los Angeles-based MedMen reported revenue of $29.9 million and a net loss of $64.6 million for its fiscal second quarter ended Dec. 29, as the multistate cannabis company saw its sales grow and red ink recede versus the previous quarter.
Curaleaf acquires California cannabis group for $30.5 million
Massachusetts-based Curaleaf, a vertically integrated multistate marijuana company, acquired California's Eureka Holdings. Eureka Holdings operates a cultivation facility in the Salinas Valley and is developing three dispensaries in the Golden...
Multistate cannabis firm 4Front buys dispensary, grow operations in AZ and MA
4Front Holdings, a U.S. cannabis retail and brand company based in Phoenix, expanded its national footprint with acquisitions in Massachusetts and Arizona. 4Front acquired Healthy Farms, which has two dispensaries and a cultivation facility in...
Green Thumb acquires marijuana products brand Beboe
Green Thumb Industries of Chicago has closed its acquisition of Los Angeles-based For Success Holding Co., owners of the Beboe marijuana products brand. The value of the deal, described as "nonmaterial" by Green Thumb, was not disclosed. For...
GW Pharma denies supply issues with marijuana-based drug Epidiolex after stock falls
GW Pharmaceuticals, the British maker of epileptic seizure-control medication Epidiolex, said it was not aware of any supply issues related to the cannabis-derived drug after a tweet from a patient's father complained he could not source the medicine. [include_post...
Vertically integrated cannabis firm Ascend Wellness raises $55 million for expansion
Boston-based Ascend Wellness Holdings (AWH), a multistate vertically integrated marijuana operator, secured $55 million in funding to aid expansion plans in its home state of Massachusetts and other markets. The additional money will allow the...
