Ontario-based cannabis operator Aphria pledged to improve its management practices after an independent investigation found some of its directors had conflicts of interest related to the 2018 acquisition of  LATAM Holdings.
Nick Thomas
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Ascent Industries wholesaler Sweet Cannabis may lose Nevada license
Sweet Cannabis, the Las Vegas wholesaler for Vancouver, British Columbia-based Ascent Industries Corp., may face closure after allegedly violating its license in Clark County, Nevada. The threat adds to multiple problems the company is facing after the Canadian...
Canadian marijuana grower Village Farms approved for Nasdaq listing
Village Farms International, a Canadian greenhouse grower with a 50% stake in British Columbia-based cannabis firm Pure Sunfarms Corp., has graduated to the Nasdaq exchange. The company says it will leave the over-the-counter markets - where...
Alaska marijuana business owners to gain access to financial services
A nonprofit credit union in Alaska, Anchorage-based Credit Union 1, is set to begin offering financial services to cannabis companies in the state in March, which will allow those businesses an avenue to reduce their reliance on cash. It is the first time marijuana...
Auxly, FSD Pharma end cannabis cultivation venture over contractual disputes
Auxly Cannabis Group, a vertically integrated marijuana company in Vancouver, British Columbia, said Thursday it is ending a joint venture with cultivator FV Pharma, a wholly owned subsidiary of Cobourg, Ontario-based FSD Pharma. The move, linked to contractual...
Canadian cannabis firm Green Growth enters Arizona with $12M Desert Rose purchase
Toronto-based Green Growth Brands is entering its third U.S medical marijuana market with the $12.35 million cash acquisition of ZLJT and Arizona Natural Pain Solutions, better known collectively as Desert Rose. Arizona had 186,000 registered...
Molson Coors CBD-beverage partner Hexo closes CA$57.6 million share offering
Hexo Corp., a licensed producer of cannabis based in Quebec, Canada, raised 57.6 million Canadian dollars ($43.7 million) Wednesday when it closed its offering of common shares. The company said in a news release it will use the proceeds for...
Medical marijuana firm Khiron expands in South America with CA$13.7M acquisition
Khiron Life Sciences, an integrated medical cannabis company with core operations in Colombia, has agreed to buy Uruguay's NettaGrowth International in a deal valued at 13.7 million Canadian dollars ($10.3 million). NettaGrowth is in the process of completing its...
Owners of Colorado marijuana retailer Sweet Leaf sentenced to prison in landmark case
The three owners of the shuttered Sweet Leaf dispensary chain and cannabis grower in Colorado were each sentenced to one year in prison Friday for their roles in an illegal, multimillion-dollar sales scheme in what Denver officials called the first local prosecution of a legal marijuana enterprise in the United States.
Marijuana firm Caliva closes $75 million funding with assist from NFL great Joe Montana
Caliva, a vertically integrated cannabis company based in California, closed its first round of funding, snagging $75 million the firm will use to expand its product offerings as well as its retail footprint in the Golden State. Former Yahoo...
Cannabis firm KushCo raises $34 million to fund working capital, new technology
California-based KushCo Holdings, a diversified marijuana company specializing in packaging and other products and services, closed on a $34 million stock funding that comes on the heels of a similar direct offering last June. KushCo plans to...
ND medical cannabis market inches onward as state hands out first patient cards
North Dakota has begun issuing medical marijuana cards to patients and caregivers, which marks another step forward as the state has spent nearly two years setting up a regulated distribution system for the MMJ market. Voters in the state approved medical cannabis in...
