Harvest Health & Recreation, the Arizona-based multistate cannabis operator, confirmed its $85.8 million plans to acquire Interurban Capital Group, owners of the Seattle-based Have a Heart dispensary company. The company first announced its intention to acquire...
Social equity applicants for marijuana businesses in Washington state will be able to apply exclusively for a number of revoked cannabis retail licenses after legislators passed a law Tuesday aimed at boosting the participation of minorities in the industry.
Bruce Linton, the high-profile executive chairman of multi-state cannabis operator Vireo Health, invested $1 million in the Minneapolis-based company through a private placement stock offering that he organized. Linton, who was named executive chairman of Vireo last...
Could it be a win-win deal?
An increasing number of investors – including mainstream investment banks new to cannabis – have begun seeking out cash-strapped marijuana companies with the aim of pumping money into them to provide a financial lifeline.
Cannabis-focused exchange-traded funds have emerged over the past few years in the United States, Canada and now Europe, but their recent sharp declines have mirrored tumbling marijuana stocks and made it tougher for some ETF operators to attract investors.
Vertically integrated multistate marijuana operator iAnthus Capital Holdings is taking legal action against an international investor group that claimed the New York company has defaulted on a $25 million convertible debt deal.
New York-based investment firm Navy Capital is bullish on the cannabis industry.
Since 2016, the company has invested about $200 million in roughly 40 different cannabis companies.
Canadian marijuana giant Canopy Growth on Friday reported fiscal third-quarter net revenue that soared 62% from the second quarter, jumped 49% from its third quarter in 2019 and drove up its stock by double-digit figures. The Ontario-based company, which has an...
Big marijuana companies in the United States increasingly are turning to debt as a funding tool, spurred by falling cannabis stock prices and terms that are more attractive than those for real estate sale-leaseback deals.
Acreage Holdings, a New York-based multistate operator, on Friday said it had secured a credit facility of up to $100 million with an institutional lender. In addition, the company has agreed to a separate $50 million loan as collateral to...
With capital constraints a growing factor in the marijuana industry, U.S. cannabis companies facing financial pressure are increasingly eyeing Canadian bankruptcy protection as a possible solution to their problems.
Some marijuana industry watchers are keeping a close eye on Sacramento, California, as a possible example that other municipalities in the state could follow as they look to expand or develop new social equity plans. California cities, including Sacramento, have...
